Zig’s Place Chatroom News Wednesday PM 12-22-21
Zig’s Place Chatroom News Wednesday PM 12-22-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly After a two-year hiatus.... the Safwan border port between Iraq and Kuwait officially reopened to the movement of trade and travelers -- Wednesday 22 December 2021 Today, Wednesday, the Safwan border port between Iraq and Kuwait, southwest of Basra, was officially opened to trade and travelers, after a two-year hiatus due to the outbreak of the Corona virus.
The director of the Safwan border crossing, Brigadier Ali Al-Maliki, said in a press statement, "The port has been equipped with the cadres and supplies required to receive commercial vehicles and travelers.
https://ninanews.com/Website/News/Details?key=946306
butterfly More than 1% rise in oil prices - Wednesday 22 December 2021 Global oil markets witnessed a rise of more than 1% after crude stocks in the US strategic reserve fell to the lowest level since November 2002.
Brent crude rose by about 1% to trade above levels of $74 per barrel.
Texas crude also rose more than 1% to trade above $72 a barrel https://ninanews.com/Website/News/Details?key=946352
Dave butterfly Interesting to read that Iraq one moment out of CH7......Then out then In...... https://www.un.org/securitycouncil/sanctions/information
Dave suppose UN and other nations have yet to update their websites?
butterfly Dave LOL yup Holiday here and nothing, almost, gets done.
Dave found this....https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
Bobby Cahill Harb told Shafaq News Agency, “Chapter VII was lifted several years ago, and what has now ended with regard to the debt committee that was based on Chapter VII by deducting sums from Iraq,” noting that “Iraq after exiting Chapter VII was able throughout The past years of buying weapons and the process of trading in all things, and thus the completion of the payment of compensation, has nothing to do with Iraq’s exit from Chapter VII.
Dave https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
Dave Iraq can trade but under the watchful eye of the UN......
Bobby Cahill ok how's that work?
butterfly There has been a lot of trading going on and I have not posted those articles.
Dave Bobby Cahill AMOST>>>>>hehe????
butterfly Iraq is bringing in a lot of "investors"
Dave MOU's
Bobby Cahill I've seen a lot of Trade Articles over the years. Gotta remember CH VII was against the old regime
butterfly Kuwait even opened up
Dave potential investors
Dave butterfly fer tourists.......
butterfly no no Dave they have given money
Dave through the UN......?
butterfly Maybe I should not post articles for a few days
Dave butterfly read that article i posted?
butterfly why - Everything is good and it is moving forward.
Dave trade to Iraq requires authorization through the UN
Bobby Cahill Show us that Dave
Dave \https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
butterfly be back company has arrived
Dave https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
Bobby Cahill That just tells how Iraq operates - Saudi delegation in Iraq to sign trade and economic agreements -- Anyways.....Merry Christmas. Have a great evening
Bobby Cahill I apologize I skimmed over that UN thing and just realized that was the Oil for Food Program which partially ended in 2003 and again in 2009 as a part of CH VII. My bad
Dave Bobby Cahill Forgiven......This time!
Bobby Cahill So zero relevance - Ok thanks lol
Dave Bobby Cahill Trade their requires alot of red tape.....?
Bobby Cahill Well they have to have something to Trade 1st. They have exported fruits and stuff -- Aside from Oil that is. The Ministers make all their money on Imports
Dave Bobby Cahill uber rich ministers
Bobby Cahill That's the scary part coming up as far as forming a goi How will Sadr distribute the Ministers
Dave Interesting maliki making his rounds with all those Uber Rich politicians...
Bobby Cahill And how will they be bargained for - Maliki will get his share for sure
Dave lol
Bobby Cahill We just need to see what direction Parliament will take
Dave parliament???????lol
Bobby Cahill Then we wait and see those numbers change. So nothing anytime soon for sure
Dave thought they exceeded thier time limits on appeals to the Court
Bobby Cahill I saw someone say the next 5 days are pivotal for all of us. That makes no sense as far as this investment - The Appeals can go forever lol See what happens the 26th - For now Iraq is in a Constitutional vacuum
Dave difficult to figure out the news from Iraq......let alone Guru banter
Bobby Cahill The News is the easy part
Dave Supplemental or Interim seems to be working out so far....lol
Bobby Cahill There are 3 to 4 options on this and we can still make a profit
Dave We be but the messengers.........Iraq.."in the coming days"...........
Bobby Cahill Since 2003 lol
Dave I do try........No idea on that Guru stuff........
Dave Bobby Cahill My wife does not know that I hold IQD......
Bobby Cahill Not a bad idea right there. Most run down the road with their hair on fire saying "It's happening, it's happening" I've told 2 people outside these forums
Dave was going to surprise her over a decade ago with a diamond Rolex......
Dave Bobby Cahill Christ gave all to the POOR........Churches big in the Humanitarian sector...?
Bobby Cahill Yeah there have been people talk about the Humanitarian side to this and I applaud that for sure but that's what fuels this is the possibility of fulfilling dreams. Well that and the simple fact of what money does to people
Dave Ironic how little has changed in Iraq since those IQDTEAM days.....getting closer???????
Bobby Cahill Well once we see those 4 numbers, oil dependency, salaries %, ease of doing business and transparency ranking improve, maybe. They've had a National Development Plan that talked about a 60/40 and a possible 70/30 split btwn oil and non oil revenue as being ideal. For now they are still in the 90 percentile
Bobby Cahill That and we also need Political, Monetary, Political and Social stability
NORV I have met many wonderful people over the years, unfortunately many are naive. I hate to see them lose everything or die waiting for a pie in the sky investment that is not a lotto ticket.
Dave Keeping my lotto tickets
NORV I don't spend the time like I used to anymore commenting or researching topics. Much of the BS has already been debunked or authenticated.
Dave NORV Never received a link from you...esp from CBI.....
Bobby Cahill Dave here's a link from a very reliable source that talks about it........
Bobby Cahill https://www.washingtoninstitute.org/policy-analysis/state-collapse-mapping-iraqs-economic-woes
NORV Dave you dont need anything from the CBI. the facts dont make sense or add up. Iraq is only worth $16 trillion and you think they can RV with 100 trillion dinar in circulation? use some simple logic Dave
Dave Bobby Cahill AGREE......
Dave NORV16 trillion I question
Bobby Cahill .from that piece.......This has caused the financial sector to lose nearly 50 trillion dinars of the money supply in circulation, which is frozen because it is confined in the homes of the depositors, preferable to any risk of capital.
Dave Iraq has done little in Exploration of assets since the early 90s
NORV Then you are challenging Saleh reputation
"Saleh explained that Iraq, which is the ninth country in the world in terms of natural resources buried underground, and those resources are estimated at 15-16 trillion dollars, whether in oil, phosphates, sulfur, silicon and other important ores, and that Iraq is one of the most regular and distributed countries in the world. "
Bobby Cahill Now also consider the State Banks control over 80% of all the money in circulation. Not a good thing for sure
NORV LINK
Dave NORV ENGLISH?
Bobby Cahill Exploration....... They were suspended from EITI for screwing up their resources
NORV Get a translator plug in Dave
Bobby Cahill a new report just came out last night which told me Iraq is no where close to making good use of their resources, including Oil
Dave Bobby Cahill Worked in the Oil Exploration Sector
NORV 2020/02/22 14:23 number of readings 3543 Section : Iraq
Bobby Cahill I use the term re denomination, but pretty much the same thing
Dave alot of currency to purchase anything
Dave each coin will cost a nickle or more to mint
Bobby Cahill well that's the hesitancy for Iraq is the cost of printing. For now they are getting by but at some point they need to make that decision. Don't forget they also need that suitable environment for that as well. So yeah nothing soon
Bobby Cahill If they re denominate, our currency will still have the same rate at today's market. Our question will be how do we exchange?
Dave never said they were close to bein ready
Bobby Cahill My bad I wasn't insinuating you meant that
Dave Bobby Cahill avoid tax man take a few notes to Airport kiosk
Bobby Cahill Yeah the dealers maybe our only "out"
Dave if global will exchange...
Bobby Cahill But then they will have to decide how to sofetn the blow to their capital
Dave 10 yr redemption period
Bobby Cahill They don't have to take this currency global in order to re denominate
Dave banks will keep it in reserve like rupees pesos etc
Bobby Cahill redeem where is the question lol
Bobby Cahill Why keep a currency that isn't international as a reserve?
Bobby Cahill That's where some think this currenct IQD is a reserve currency. It's not
Dave Bobby Cahill always been able to get foreign currency from my bank
Dave \ Bobby Cahill exotic our banks wont touch it -- never have
Bobby Cahill Oh they'll sell it to ya and they'll also buy it back. Can we say the same for the IQD? Now some Banks dealt with it but do but not a lot to my knowledge
Bobby Cahill I saw something about a Bank called 5/3 or something like that
Dave Bobby Cahill No bank in Canada...EVER!
Bobby Cahill Maybe out of Chicago? No Bank here deals with it
Bobby Cahill I need an out for this stuff and the only one so far are currency dealers
Bobby Cahill I'm not out of it, just need an out in case
Dave Bobby Cahill Ebay
Bobby Cahill Well once you take away that "hope" of a revalue, this stuff will sink faster that Biden's approval rate
Dave Happy with a nickle ....may take 2 cents
Bobby Cahill Both would take a miracle lol
Dave White Paper passes everything in the coming days.........cant hurt to be optimistic
Bobby Cahill White Paper did a little magic in 2021. Let's see if they continue in 2022
Dave my crystal ball is broken.......
Bobby Cahill First we wait to see who will lead Iraq
Dave pissed that the Fed court postponed until the 26th
Bobby Cahill Will they accept the currenct Budget and the White Papers? They've told us the 2022 Budget is set for a vote
Dave need a vote first........who votes?
Bobby Cahill They'll adopt the 1/12 ideology until we see a new budget so basically they will be "getting by"
Bobby Cahill Well the COM already accepted it, now we wait to see what Parliament does to it. In the past they've butchered it
Dave call taht a another supplemental, budget
Bobby Cahill kinda sorta lol -- This current Budget expires Dec 31st
Dave KINDA sort OF....invest in that...LOL
Bobby Cahill Yeah lol
Dave Doubt CBI follows sort of.........
Bobby Cahill Their hands are tied until they see a new cabinet and Budget - Now they do have Capital as far as lending -- But within that examination of Iraq's Banking Sector tells us, their loan to debt ratio is wayyyyyyyyy out of whack
Dave CBI doing their job
Bobby Cahill CBI is but the Banks are not
Bobby Cahill Give CBI full control and we may see changes
Dave no people banking.....pulling dinar out of their mattresses
Dave 1/3 ish
Bobby Cahill They'll continue the inclusion programs thru 2022 for sure. It's a hard sell for sure. When the State controls over 80% of the currency in their Banks, there's not a lot of trust
Bobby Cahill That's where the CBI will push a Digital Iraq
Dave not sure what all that means.......we have both.......Iraq has 30 banks
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