Zig's Place Chat Room DINARRECAPS8 Zig's Place Chat Room DINARRECAPS8

Zig’s Place Chat Room Discussion and News Sunday 1-31-21

.Zig’s Place Chat Room Discussion and News Sunday 1-31-21

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

Zig Sam I Am : Hi...Test passed...barely...lol...Now it's time to "participate"...I hope you and @Kaperoni (NORV here) can chat a bit in here as you did at the other chat....you two always manage to keep things civil...and I believe he owes you a pizza :Pizza: lol... Remember that you may post your links in here...I (We) will not delete them...okay, hope you return soon though many will not like what you have to say....however, unlike others, you do no name-calling while disagreeing...take care....

Sam I Am Hi Zig

Zig Sam I Am : Hi...Long time...I still have my Dinar....lol

Zig’s Place Chat Room Discussion and News Sunday 1-31-21

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

Zig   Sam I Am : Hi...Test passed...barely...lol...Now it's time to "participate"...I hope you and @Kaperoni (NORV here) can chat a bit in here as you did at the other chat....you two always manage to keep things civil...and I believe he owes you a pizza :Pizza: lol... Remember that you may post your links in here...I (We) will not delete them...okay, hope you return soon though many will not like what you have to say....however, unlike others, you do no name-calling while disagreeing...take care....

Sam I Am   Hi Zig

Zig  Sam I Am : Hi...Long time...I still have my Dinar....lol

Sam I Am  Well I wish you the best

Zig Thanks...not counting on it though...but who knows

Sam I Am  I still have 100,000 or so myself

Sam I Am  lower denoms ....the 50 notes are worthless

Zig I know...Lots of new "Gurus" out there now...lol....and some like Ray and Tony never leave...lol

Sam I Am  Well I had hoped that after the devaluation people would come around to seeing it my way

Sam I Am  oops .... Haven't heard a peep out of Kap

Zig  Sam I Am : He is here as "NORV"...

Sam I Am Okay  Norv needs to make good on our bet

Sam I Am  I went to the other chat room and there were two guys there

Zig Many are saying that the devaluation will draw in a lot of the Dinar....and that it is a way of reducing the money supply....a prelude for increasing the value...Gurus always find a way to spin any event into something favorable....

Sam I Am Drawing in the dinar doesn't reduce the money supply

Sam I Am It's still legal tender

Zig It would if they destroyed the 000 notes...

Sam I Am LOL

Zig  Well that is what is being put out there....

Sam I Am So they're going to leave the 10K and 50 notes in circulation?

Sam I Am  they have four zeros

Sam I Am  50K I meant

Sam I Am Removing three zeros always meant redenomination, not removing the notes with three zeros

Zig  That has always been out there...they will destroy the large notes, introduce the lower Denoms and simultaneously RV the Dinar....people like Frank 26 have been saying that for a long time....to keep their followers....

Sam I Am   In a redenomination all of the notes are removed and destroyed, and replaced with notes with fewer zeros and a higher value

Zig   Then what would our notes like the 25K be worth??

Sam I Am nothing

Zig  Ouch

Sam I Am   I mean, if you exchange them within the exchange window they'd be worth 1460:1 minus exchange fees

Sam I Am   but it might be hard to exchange them once the redenomination begins

Spectra   https://www.breitbart.com/europe/2021/01/26/italys-prime-minister-resigns-leaving-country-in-crisis/

NORV  (Kaperoni)  Sam can think what he wants, but there is no intent to redenominate the dinar. It is just his opinion and not based on any factual data from Iraq. First it would take parliament approval, and second their would be no reason to encourage exchange and settlement among middle east countries (Buna) and eventually the world if they were planning to redenominate (LOP) the dinar.

Not to mention, Iraq has had less than 3% inflation for the past 20 years. The plan for Iraq is like other middle east countries which is to diversify, create stability, employment and a private sector, foreign investment to improve the economy and create economic growth. They and only then the dinar can appreciate as a result.

There has never been one indication that the IMF would support such an event, in fact they speak of allowing the currency to rise. Even the recent devaluation was not random, but an attempt to preserve the central banks reserves as well as meet compliance with the IMF. It is well documented and people just just need to read. Those that choose not to then speculate in and misinform others.

NORV   :Pool:   FLOAT

IJB   :GO RV:

IJB   yes we can all think and believe what we want

Sam I Am  NORV I've said more than once that I doubt they will redenominate. They'll probably just maintain the current regime. However, while there might not be any intent to redenominate, the program to remove three zeros is describing a redenomination.

Sam I Am  And for the record, inflation has little to do with it. Nations prefer to redenominate after inflation is no longer an issue

Sam I Am  Oh, and their inflation rate was over 50% prior to the revaluation that took place from Nov. 2006-Jan. 2009

Zig  This chat room was established in Aug. 2020...The main purpose was to discuss the Dinar, Iraq, and related matters...however, any topic may be introduced for discussion...REGISTERING: Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...You may post right away if you wish...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right... PM: Private Messaging only between members and admins...

 GUESTS!!.... GUESTS MAY POST ....Without registering...."anyone"...Just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black ....

 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

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Zig’s Place Chat Room Discussion and News Tuesday 1-26-21

.Zig’s Place Chat Room Discussion and News Tuesday 1-26-21

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

Dave Iraq and Kuwait are discussing the file of remaining debt payments and the possibility of postponing their payment

Dave The meeting discussed, according to the statement, enhancing the prospects for cooperation between Iraq and Kuwait in accordance with mutual interests in all fields, the importance of activating the joint Iraqi-Kuwaiti ministerial committee and strengthening its work, as well as forming a joint parliamentary committee to activate cooperation and follow-up and accelerate government procedures in the field of investment, trade and free zones.

Zig’s Place Chat Room Discussion and News Tuesday 1-26-21

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

Dave  Iraq and Kuwait are discussing the file of remaining debt payments and the possibility of postponing their payment

Dave   The meeting discussed, according to the statement, enhancing the prospects for cooperation between Iraq and Kuwait in accordance with mutual interests in all fields, the importance of activating the joint Iraqi-Kuwaiti ministerial committee and strengthening its work, as well as forming a joint parliamentary committee to activate cooperation and follow-up and accelerate government procedures in the field of investment, trade and free zones.

The Speaker of Parliament also discussed with the Kuwaiti Prime Minister the file of the remaining payments of debts owed by the Iraqi government to Kuwait, and the possibility of postponing their payment. Because of the financial crisis and the economic situation that Iraq is going through.

The meeting stressed, according to the statement, the need to open the borders between the two countries to trade movement after it stopped due to the pandemic, while tightening commitment to preventive measures, appreciating Kuwait’s stances in support of Iraq during crises, the latest of which is the Corona pandemic crisis, which was represented by sending liquid oxygen trucks to the health institution.

For his part, the Kuwaiti Prime Minister offered his condolences to Iraq for the victims of the last two bombings in Baghdad, stressing his country’s support for the government and people of Iraq, and the continued expansion of the horizons of cooperation between the two brotherly countries at all levels.

Follow the obelisk   LINK

Dave  and accelerate government procedures in the field of investment, trade and free zones.!!!!!!!

Dave  so no investment trade and free zones....RV imminent?

sheila  Dave that seems to consensus -- hoping and praying

Dave with Maliki wishing to run again for PM?

sheila  Guess Maliki thinking business back to full on corruption with the new admin in office here in US.

Dave  yeah will work on praying HARDER!

Dave  USA involved in Iraqs RV? 

Dave  USA bombed IRAQ into obscurity looking for weapons of mass destruction?

sheila  History - US bombed Japan into obscurity then went in and built it back - disaster capitalism aka war aka military industrial complex.

sheila  History - US did not invent this strategy/tactics. It's history of conquer or be conquered.

Dave  war good for industry.....

Dave  big bucks in weaponary

Dave  those tomohawk missles aint cheap

sheila  big bucks in aggregates

Dave  Canadas military a joke.....yet to be conquered

Dave  All of Canada's operational jet fighters would not fill 1 aircraft carrier

Dave  Tiny New Zealand's Navy much larger than ours.....

Dave  CBI has said since the getgo....economic ,political and social stability......ARE we their YET? This INTERIM Govt formed just to run the country until the elections where important Laws can then be voted on?

Dave  This Interim Govt was forced by those Demonstrators demanding an end to Govt corruption......

Zig  Dave : Negative Nellie....LOL....Just kidding..

Dave  No Federal Court laws to rid that stuff......

Dave  IMMUNITY......

butterfly  Nope. Sad that it takes decades to find democracy when you have the mindset of a Dictator

Zig  butterfly : Hi...You mentioned another investment awhile ago that you thought would pay off soon for you at the time....did it?....curious...nosy....lol

butterfly  Funny you should ask that Zig.

Dave  butterfly IRaq has the richest Politicians in the World......

Zig Dave : LOL

Dave  many iof them

butterfly  Dave BINGO again.

Dave  oops,,,,

Zig  Dave : I am sure they all got rich through honest and legal endeavors....

butterfly  LOL Zig

Dave  need my Forbes list AGAIN of those poltiticians?

Dave  Where did you get that????????????????

sheila  @butterfly can you share your investment, only if it will not directly compete with your status? PM would be okay, if you care to share. thanks

butterfly  nvestment is closed Sheila. Sorry.

sheila  butterfly okay, thanks

Zig  I should have kept my mouth shut butterfly LOL :Shhh:

sheila  Zig no worries. all good. 

butterfly  I am looking for a motorhome that I and my d-n-l can handle and we will be doing some traveling.

sheila  rvtrader.com

butterfly  Thanks but I do all shopping locally.

sheila  shop by location

Zig  butterfly : Good to support local businesses...

butterfly  I just came back from loading my van full of food to take to the food banks/churches here. I just stopped in to see how the chat room was going.

butterfly  As my father always told and taught me, extend your hand/s to others that need help. That is my goal.

Dave  butterfly thanx for the reasonable conversation

Zig  butterfly :   :clap:

butterfly  Well I won't come in when all of this political "stuff" is going on.

Dave  KARMA!

Zig  butterfly : Don't blame you...

Dave  Zig just pull the plug on all that?

butterfly  Everyone keep the hope that Iraq gets Kuwait paid off. Ignore the gurus because they have no clue what they say. BUT.........if you want to throw your dollars away.......each to their own.

Zig  Dave : Nah...it will slowly fade IMO

butterfly  I have to go and deliver. Keep the faith.............and wear a damn MASK.

Zig  butterfly : Yes, I will   :Mask:

Zig Required where I live....

Dave  Should this not just be COMMON sense.........rather making requirements

Zig  Dave : Lots of people think it takes away from their freedom to choose.....

Dave  Man folks did not argue this in1918

Dave  Zig NOT IN MY SPACE

Dave  Viruses have No Plotical affiliation

Dave  by being able to jump from person so readily........its learning to even get better at what its doing

Zig  Dave : Have you been vaccinated yet?....as a health provider?

Dave  Zig No

Dave  Dentists and Chiros not on their list

Dave  Not medical

Zig  Dave : Yeah but close contact with patients....

Dave  Yeah .......MDs doing virtual visits>>>>>>>>?

Dave  hate to be aDentist

Dave  Want me to administer those vaccinations though........?????

Dave  alot of chatter about the current vaccines may no longer have an effect if these spike proteins continue to mutate.......

Dave  ...then back to square one?

Zig  REGISTERING: Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...You may post right away if you wish...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right...MORE INFO: More instructions, etc. can be found in my "INFO" post.... :coffee:

 GUESTS!!.... GUESTS MAY POST ....Without registering...."anyone"...Just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black .... : Posting:

Zig  FOR NEW MEMBERS AND GUESTS Most things referred to are in the MESSAGE BOX area at the bottom: To log out/add avatar: Click on icon at top left..that is also where you can upload an avatar if you wish...To address a specific member: Click on their name within a post...it will appear as @Zig as an example...

To see/hide who is logged in: Click on icon at top right with a number to its left... Smileys (emojis): Access them via clicking on the smiley face at bottom left...click on one and it will appear in your message...Click into message box to hide them...To hear a click when anyone posts: Play with that speaker icon to right of # logged in icon...

Enlarging a pic/avatar: Click on any picture/avatar to enlarge it, again to reduce...will always appear directly over the message box... To expand chat box size: Click on icon at top right with an arrow in it and maximize, etc...To return quickly to the bottom after scrolling up: Click on the last icon at top right of message box which turns to arrows when you scroll up...DELETING: "Registered Members" are able to delete their last post made if done quickly before another post is made....at the far right of the post 3 dots will appear....click on those and then the trash can to delete that post.... :Welcome:

 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

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Zig’s Place Chat Room Discussion and News Sunday 1-24-21

.Zig’s Place Chat Room Discussion and News Sunday 1-24-21

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

xyz Iraq signs an agreement with the World Bank and the European Union to strengthen financial supervision

01/24/2021 14:14 Baghdad today – Baghdad Today, Sunday (January 24, 2021), the World Bank revealed the contents of a $ 12 million grant with the Iraqi government that included a $ 12 million grant aimed at improving public financial management systems by strengthening payroll management through an information technology platform.

"The government of Iraq, the World Bank Group and the European Union signed today a grant agreement aimed at strengthening Iraqi government institutions and mechanisms for financial accountability and oversight at the federal and subnational levels," the World Bank said in a statement received (Baghdad today).

Zig’s Place Chat Room Discussion and News Sunday 1-24-21

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

xyz  Iraq signs an agreement with the World Bank and the European Union to strengthen financial supervision

01/24/2021 14:14   Baghdad today – Baghdad  Today, Sunday (January 24, 2021), the World Bank revealed the contents of a $ 12 million grant with the Iraqi government that included a $ 12 million grant aimed at improving public financial management systems by strengthening payroll management through an information technology platform.

"The government of Iraq, the World Bank Group and the European Union signed today a grant agreement aimed at strengthening Iraqi government institutions and mechanisms for financial accountability and oversight at the federal and subnational levels," the World Bank said in a statement received (Baghdad today).

The statement continued, "The project, titled (Strengthening Supervision and Accountability Institutions in Public Financial Management (PFM)), is a joint implementation of $ 12.5 million and is part of the technical assistance grant program that was signed in September 2018 with the European Union to strengthen public financial management (PFM) oversight and increase the efficiency of public service delivery. "

The program aims, according to the bank, to "improve public financial management systems by strengthening payroll management through an information technology platform."

It will support transparency and accountability in the "oil sector through the Extractive Industries Transparency Initiative. It will strengthen the Anti-Corruption Agency that can help recover stolen assets and the Auditor General as well as support reform of state-owned enterprises."   https://baghdadtoday.news/news/143618/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D9%88%D9%82%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D9%85%D8%B9-%D8%A7

Xyz  Employment 7000 MasterCard cards are issued to beneficiaries of the salary of a full-time employee https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=106262

[Baghdad-Where]   On Sunday, the Ministry of Labor and Social Affairs announced the issuance of 7000 (MasterCard card) for beneficiaries of the full-time employee's salary during the past 30 days.

The head of the Disability Authority at the Ministry of Labor, Essam Al-Tamimi, said in a statement, "The authority, in cooperation with the concerned banking authorities, issued 7,000 (MasterCard) cards for beneficiaries of the full-time employee salary in Baghdad and the provinces except for the Kurdistan region for the period from 12/20/2020 until 20 / 1/2021 '.

He added, "The authority's departments in Baghdad and the provinces continue to issue cards to those covered by the full-time employee salary.

Al-Tamimi praised "the efforts of the employees in the departments to implement the directives of the Minister of Labor and Social Affairs, Adel Al-Rikabi, which include the speedy completion of the transactions covered by the privileges of Law No. 38 of 2013 with high accuracy and professionalism to relieve them of their shoulders."

xyz  Starting today ... for the first time, ... is offering a 5,000 denomination banknote for circulation https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=106261

xyz  Parliamentary Finance holds its 30th meeting ... to complete the discussion of the budget paragraphs https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=106256

[Baghdad-Where]  The Parliamentary Finance Committee held its 30th meeting on Sunday to discuss the draft federal budget bill for 2021.

The Media Department of Parliament said in a statement, "The Finance Committee hosted the Head of the Anti-Terrorism Service, Lieutenant General Abdel-Wahab Al-Saadi, to discuss the allocations of the financial apparatus within the current budget law."

She added, "The sub-committee formed by the Finance Committee will later host the Director of the Oil Marketing Company (SOMO), and a delegation from the Central Bank within the discussions of the 2021 budget."

It is noteworthy that a member of the Parliamentary Finance Committee, Sherwan Mirza, had announced, this morning, Sunday, that next week will witness the vote on the draft budget bill after completing all observations and making amendments

Zig   xyz : No matter who is ever the President, half the people are always disappointed...

butterfly   This should give you some insight on what is ahead for all the dinar investors:

Butterfly   https://www.iraq-businessnews.com/2020/11/17/iraq-reparations-to-kuwait-extended-to-2022/

butterfly  The United Nations Compensation Commission (UNCC), which was established to pay compensation for losses and damage as a direct result of Iraq's unlawful invasion of Kuwait in 1990, has made available $230 million to the Government of Kuwait towards the Commission's remaining claim with an outstanding award balance.

With this payment, the Commission has paid out $50 billion of the $52.4 billion in awarded compensation, leaving approximately $2.4 billion to be paid to the only claim with an outstanding award balance.

The Commission had been on track to pay the outstanding compensation award in 2021. In light of the effects of the pandemic, the Council noted that the timeline for the completion of the Compensation Commission's mandate is now expected to extend into 2022.

Funds to pay compensation are drawn from the United Nations Compensation Fund, which currently receives 3 per cent of the proceeds generated by the export sales of Iraqi petroleum and petroleum products.

butterfly  They have to pay off Kuwait before they can do anything with their currency. Another year or two before they are paid off....could even go further since Iraq is in a financial crunch.

butterfly Zig glad to see your room has gone back to what it was suppose to be..........the IRAQ DINAR

Zig  butterfly : LOL....still some lingering politics....

butterfly  Help me remember Zig, did I once post several years back, look in 2024 for anything to happen with the dinar.

Zig   butterfly : I think it was @Ninja who said 2020....lol....don't remember you saying that....

butterfly   Oh I do, cause everyone went after me.

Xyz   Zig and guru @Kaperoni had called RV back in 2014 ... all on tape

Butterfly   xyz there were so many calling it, even to this day.

butterfly  I remember being on PTR calls and I posted what they were going to say, and bam, they said everything that I just posted. We all laughed.

Zig  butterfly : Some Gurus have been calling it weekly for years....yet their sheep keep following them....

Dave  butterfly 2.4 billion out of 50....getting closer

Butterfly  I agree Dave but they are in such a bad way right now and they keep getting extensions on what and when they will be finally paid off.

Dave most nations in a bad way

Dave  that 2.4 billion.....been stuck there for awhile

xyz  Parliamentary Finance announces the imminent completion of the 2021 budget and put it to vote https://ihwclkgcqaxdcwiojwlp6kgalm--www-sotaliraq-com.translate.goog/2021/01/24/%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%a7%d9%84%d9%86%d9%8a%d8%a7%d8%a8%d9%8a%d8%a9-%d8%aa%d8%b9%d9%84%d9%86-%d9%82%d8%b1%d8%a8-%d8%a7%d9%84%d8%a7%d9%86%d8%aa%d9%87%d8%a7%d8%a1-%d9%85%d9%86/

Dave  no hurry for CBI.....the Govt has done nothing

butterfly Yes Dave an it has been extended to 2022. When that year comes around, they will probably ask for another extension.

Dave  the bums!

Dave  rich corrupt bums thouggh

butterfly This pandemic has all countries hard, very hard. Who can remember when the petro for your vehicles was a little over a dollar. It is slowly going back up, but this pandemic has killed a lot of progress in every country along with their citizens.

butterfly hit all countries

xyz  What does payment to Kuwait has to do with RV? Eye on the ball

Dave  xyz UNSC

Dave  Ch7

Dave  almost not quite

butterfly  From day one that has been the "key" that the gurus don't want to mention. Iraq invaded Kuwait back in 1990 and they got slapped really hard, then they were charged with billions of dollars to pay Kuwait for the damage they did. NOTHING is going to happen until Kuwait is totally paid off.

Dave  YEPPERS!

xyz  butterfly that a theory that need to be proven with facts

butterfly  You can read, post, discuss any and everything you want with the dinar investment, but I will tell you straight up, NUTTIN' ain't gonna happen until Kuwait is paid off.

xyz  back it up

xyz  butterfly please don't cite dinar sites ....

Zig  butterfly : Well...that is just your opinion of course....

Dave  https://www.international.gc.ca/world-monde/international_relations-relations_internationales/sanctions/iraq.aspx?lang=eng

xyz  Iraqi analyst worries over Joe Biden's plan to partition Iraq https://en.mehrnews.com/news/168937/Iraqi-analyst-worries-over-Joe-Biden-s-plan-to-partition-Iraq

TEHRAN, Jan. 24 (MNA) – An Iraqi political analyst has raised concerns about the reactivation of a plan to divide Iraq by Joe Biden the new US president.

Iraqi political analyst Firas Al-Amiri expressed concerns about the activation of a plan to divide Iraq in the wake of Joe Biden's presidency.

"If this plan is implemented, it will have serious consequences for Iraq and the region," he said.

"The Americans have violated all diplomatic norms in Iraq," Al-Amiri said, adding that the US embassy in Baghdad has become a major military base.

He stressed that the policies of the former US president caused a lot of damage to Iraq, at the top of which is the obstruction of the implementation of the Iraqi- Chinese agreement.

"Ending the American presence in Iraq will not be easy and requires an integrated decision," he said.

"We should not be content with just passing a resolution in the Iraqi parliament to expel American troops from Iraq," he said.

butterfly  xyz I don't have to back up anything that is posted. If you don't believe it, that is your chose. It has been stated throughout all of these years that Kuwait has to be paid off before anything happens with the dinar investors. If you won't believe me, I'm sorry, you can do your own research. I have found that when I post "proof" someone always says, that ain't true, give me more, on and on.

Dave  need EU .Australia list of UNSC sanctioned nations too?

xyz  Cash-Strapped Iraq in Talks With IMF on $6 Billion Loan Package

By Khalid Al Ansary  January 24, 2021, 5:07 AM EST https://www.bloomberg.com/news/articles/2021-01-24/cash-strapped-iraq-in-talks-with-imf-on-6-billion-loan-package

butterfly  I will say this one thing.............I am happy this chat room is NOW talking about Iraq and the dinar.

xyz  butterfly then don't pretend to have authority wagging the flag for 2022. That is a scary tactics

Dave  https://www.sanctionsmap.eu/#/main

Dave  click Iraq

Dave  PROOF!

butterfly  xyz did you even read what I post, the article says 2022

Dave  https://www.sanctionsmap.eu/#/main

butterfly Thanks Dave

Dave  Note asset freeze on Iraq banking

Dave  butterfly gosh getting tired of posting that

butterfly Dave I know I know

xyz  World Bank and EU to Help Iraq Strengthen Public Financial Management Oversight & Accountability https://indiaeducationdiary.in/world-bank-and-eu-to-help-iraq-strengthen-public-financial-management-oversight-accountability/

“Now, more than ever, the importance of a strong public financial management system is critical”, said Ramzi Afif Neman, Head of World Bank Iraq Office. “The World Bank is committed to helping equip the Government of Iraq with mechanisms of fiscal accountability that are essential for sustainable reform, creation of a positive economic impact, and the restoration of public trust in the country’s financial institutions.”

Dave  fiscal accountability ...2,4 billion owed to Kuwait!

Dave  butterfly well it seems you and I maybe on the same page with this

Dave  no private banking laws to protect foreign investment no 140/hcl..... no federal court laws..........

Dave  Maliki ...next term........???????

Dave  Wonder if they learned anything

Zig  REGISTERING: Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...You may post right away if you wish...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right...DELETING: Registered members are able to delete their last post made if done quickly before another post is made....at the far right of the post 3 dots will appear....click on those and then the trash can to delete that post....INFO: Whenever a new member is acquired an "INFO" post will be posted with various instructions, etc.... :Welcome:

 GUESTS!!.... GUESTS MAY POST ....Without registering...."anyone"...Just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black ....

 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



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Zig’s Place Chat Room Discussion and News Wednesday Early PM 1-13-21

.Zig’s Place Chat Room Discussion and News Wednesday Early PM 1-13-21

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

Sheila 15th of each month is when IMF changes rates. so maybe this weekend could be it? let's hope and pray.

Sundog Zig I'm new here but I was hoping for some conversation about dinar and the events that are happening in Iraq.

Sheila @sundog Looking forward to this weekend because 15th is when IMF updates exchange rates. Maybe something will activate on the RV.

Sundog sheila The rates are actually adjusted the 1st and the 15th of each month.

Sheila sundog Hence, 1st has passed and now we look at the 15th. agreed.

Dave sundog China actually determined the genetic sequencing of CV......

sundog Dave that's right

Zig’s Place Chat Room Discussion and News Wednesday Early PM 1-13-21

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

Sheila   15th of each month is when IMF changes rates. so maybe this weekend could be it? let's hope and pray.

Sundog   Zig I'm new here but I was hoping for some conversation about dinar and the events that are happening in Iraq.

Sheila  @sundog Looking forward to this weekend because 15th is when IMF updates exchange rates. Maybe something will activate on the RV.

Sundog  sheila The rates are actually adjusted the 1st and the 15th of each month.

Sheila sundog Hence, 1st has passed and now we look at the 15th. agreed.

Dave  sundog China actually determined the genetic sequencing of CV......

sundog Dave that's right

Sundog  sheila It's better to look at the CBI for rate - the IMF won't show the rate before the CBI does.

Sheila  sundog what about Forex?

sundog  sheila The forex will have it but not all currencies are traded on the forex. Not all currencies are traded. The central bank will know before anyone else.

sundog sheila I should say the Central Bank will show it before anyone else..

Sheila  sundog that's cool. just as long as it shows up on the 15th... lolol

sundog  sheila Totally agree ! Just show us something - in the right direction..

Dave  sheila would not hold your breathe.....

sundog  Dave, if we all held our breathe waiting on Iraq we'd all be dead by now...lol

Sundog   Zig Thanks - so, did anyone is the article that said the govt has come out and said they are going to adjust the exchange rate again? This time in a more positive direction. The budget is almost done, they are making arrests and the Kaz-man is getting things done.

Dave   sundog Heard of many arrests.over the years....no one jail yet

sundog     Dave The last I heard was 22 biggies were suppose to return appox 150 billion dollars to the Iraq treasury or they will be arrested. That article was just last week and I think it included Maliki...which would be real nice.

Dave  sundog yep

Dave  all held up in foreign frozen accts

sundog  Dave Wouldn't you love to see Maliki going down the rabbit hole that Saddam took? I know I would. That would change everything for Iraq and how the world perceives Iraq as far as dealing with the corruption factor.

Dave  we await Federal Court laws to rid malaiki

sundog  Dave I also read that the US is helping to restore the monies abroad. That I also read just last week...There's even lots more money there.

Dave 750 million usd vanished

sundog  Dave I know where it is...in Maliki's bank

sundog Dave or is that what Obama gave Iran - hard to tell the difference

Dave  Maliki one of the richest on the planet

sundog  Dave That's for sure - I agree with you again - you're on a roll...lol

Dave  net worth 66 billion

Dave  aint bad

sundog  Dave I thought it was more...which makes it even worse...

Dave Dave that was from Forbes Mag from yrs ago..

sundog Dave Then I'm sure he has stolen lots more..

Dave  not sure

Dave  Cbi hs better transperancy so i hear lately

Dave  work time ......laterz

butterfly  https://www.arabnews.com/node/1791236/middle-east DUBAI: The European Union is undertaking efforts to remove Iraq from the list of high-risk countries, the EU ambassador to Iraq said on Tuesday, according to Al Arabiya TV.

Foreign powers use Iraq as a proxy battlefield, Martin Huth said, adding that the danger of Iraq becoming a failed state carried disastrous repercussions for the region.

The EU listed Iraq as a high-risk country for money laundering and terrorist financing, along with North Korea, Iran, Afghanistan, Syria and Yemen, in May last year.

Over the past years, the money laundering trade in Iraq had been fueled by several sources, including oil and drug smuggling, as well as arms trade.

butterfly  https://www.arabnews.com/node/1791891/business-economy

sundog butterfly Good post. I have read that they were working on that at the end of 2020 - it will make a big difference for Iraq to have that happen.

butterfly  LONDON: Oil prices were broadly steady on Wednesday as rising global coronavirus disease (COVID-19) cases took the shine off an earlier rally spurred by a bigger-than-expected drop in US crude inventories.

Oil producers face an unprecedented challenge to balance supply and demand as factors including the pace and response to COVID-19 vaccines cloud the outlook, an official with International Energy Agency (IEA) said.

“Producers are grappling with huge uncertainty about where this goes from here,” said Tim Gould, head of energy supply outlooks and investment.

“That’s not just in terms of economic recovery but indicators we wouldn’t necessarily normally be looking at: (Such as the) levels of trust in different countries about vaccines.”

Crude stocks in the US dropped by 5.8 million barrels last week to around 484.5 million barrels, data from the American Petroleum Institute showed late on Tuesday.

That was far more than analysts’ expectations in a Reuters poll for a fall of 2.3 million barrels.

The Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia agreed this month to cut crude production through March in a bid to match abundant supply with demand which has sagged amid surging virus cases while vaccination programs get underway.

While the pandemic has prompted some energy majors and watchdogs to predict that a peak in the world’s demand for oil has been brought nearer or may have already come and gone in 2019, Gould said the IEA disagreed.

“As things stand, with the pace of change we see on the structural side is not enough in our view to deliver a peak anytime soon.”

“Growth in the economy, recovery in the economy will sooner or later bring oil demand back to 2019 levels. The 2020s in our view are the last decade in which you are likely to see increasing oil demand,” he added.

butterfly  We can only hope sundog

sundog   butterfly We do a lot of that when it comes to Iraq..

butterfly  LOL years at this point, but we have to hang onto hope.

Butterfly  https://gds.gov.iq/cabinet-discusses-covid-19-biometric-voter-registration-and-other-developments/

Zig  sundog : No matter what you do you will never find a perfect chat room....impossible unless you control every little thing....so hopefully it will be better....I like the conversation above....I think this political season hurt the chat....very divisive and people can't seem to disagree without the bad name-calling....

sundog  Zig Totally agree.. it's like kids - every once in awhile you have to send them to their room so they know that enough is enough.. they know when they do it but hope that you don't....lol

sundog  Zig Politics have killed a lot of things this year. I deleted my FB account, I don't watch the news anymore - I get angry about it and there's nothing I can do so I hope I survive the next four years and that the Dems get everything they asked for and then they will come crying back to their senses in 2024...

sundog   I want the dinars to hit so I can get a place on a beach and a pile of books and ignore the rest of the world for the rest of my life...sounds like paradise to me right about now. How nice of a house depends on the dinar - I'll take a grass shack, anything...

UNEEK - Stop Shaking the Jar already - lol -- the past 18 months have been very hard on me just for personal reasons - and pretty much just in "my" little world but in reading the news and the chat room it is pretty clear that there is discord and uncertainty all over - Everything and everyone seems to be on guard - being watched - being scrutinized - being attacked - being judged - being banned - being sued - being fired - from politics - to religion - east against the west - north and south - right and left - white and black - male and female - on and on and on and on - Will things ever just calm down? I do not see a total cease of differences but it sure would be calming and healthy to have more peaceful times - It is definitely okay to have different beliefs and different opinions a bout everything but please - stop shaking the jar - stop attacking - stop forcing YOUR ways and beliefs on others - Let's get through this challenging time together - let's bring civil discussions and ideas to help us all see the bigger picture and make wiser decisions to support a healthier life with freedom and justice and PEACE -

Zig  Let's cut down on the political discussions in here please...This chat room was established to discuss Iraq, the Dinar, and other investments....has become too nasty in here lately...and I was told all chat rooms are now being watched....not sure if that is true but want to be a bit careful until things calm down....Thanks.....if these types of nasty discussions continue I will temporarily close the room....I did not start a chat room to get into trouble....lol....appreciate your cooperation...

Zig   Will now return to via invitation from current members...Members: Have your referral register and let me know via PM what his/her username will be...Keeping it simple...Thanks.... :)

Zig  The Chat Room is now locked....All currently registered members have access "at this time"...You have access because you all have Admin. status...hence the solid star....hopefully you all will be civil and will remain here....up to you....Not me....Thanks..... :)

 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

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Zig’s Place Chat Room Discussion and News Saturday 1-9-21

Zig’s Place Chat Room Discussion and News Saturday 1-9-21

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

Xyz Hours after the start of the first round of the 2021 budget ... a journey full of obstacles before the bill and an "unknown" date for its enactment

2021-01-09 Iraq: Baghdad Hours after the start of the first sessions of discussion and reading of the 2021 budget, amid expectations of witnesses of the budget, a difficult journey towards approval, due to disagreements over some of its paragraphs.

The agenda of the parliament session for today, Saturday, included one paragraph, represented by the first reading of the draft federal budget law for 2021, while the Finance Committee opened an unknown deadline for completing the budget legislation.

Zig’s Place Chat Room Discussion and News Saturday 1-9-21

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

Xyz  Hours after the start of the first round of the 2021 budget ... a journey full of obstacles before the bill and an "unknown" date for its enactment

2021-01-09  Iraq: Baghdad   Hours after the start of the first sessions of discussion and reading of the 2021 budget, amid expectations of witnesses of the budget, a difficult journey towards approval, due to disagreements over some of its paragraphs.

The agenda of the parliament session for today, Saturday, included one paragraph, represented by the first reading of the draft federal budget law for 2021, while the Finance Committee opened an unknown deadline for completing the budget legislation.

Committee member Jamal Cougar said in a press statement followed by "Yes Iraq" that "the House of Representatives will finish the first reading of the draft general budget law in today's session," indicating that "studying and approving the budget law in Parliament needs an unknown time."

He added that "the Parliamentary Finance Committee will study the budget law and make amendments to its clauses in the coming days," stressing that "it will host the Minister of Finance and an advanced staff in the ministry to discuss the budget items."

The budget included granting the region a share estimated at 11 trillion dinars, while a number of Iraqi political forces refuse to pass the current budget because of the share of the Kurdistan region.

MP Thamer Theban said, "The budget contains great financial waste and facilities for Kurdistan, and we will not accept its passage," noting that "the situation has become economically unstable because of the wrong policies of the government, which are devoid of an economic vision."

Theban added in a press statement, "The Economic Committee in Parliament will work to amend a number of budget paragraphs during the discussion sessions," pointing out the need to "follow transparent and fair methods" in approving them.

xyz   https://yesiraq.com/%d8%b3%d8%a7%d8%b9%d8%a7%d8%aa-%d8%b9%d9%84%d9%89-%d8%a7%d9%86%d8%b7%d9%84%d8%a7%d9%82-%d8%a7%d9%88%d9%84-%d8%ac%d9%88%d9%84%d8%a9-%d9%84%d9%85%d9%88%d8%a7%d8%b2%d9%86%d8%a9-2021-%d8%b1%d8%ad%d9%84/

xyz  Al-Rafidain launches a single window initiative to finance investment projects

09:25 - 01/09/2021  BAGHDAD - Mawazine News  Al-Rafidain Bank announced, on Saturday, the launch of the Single Window initiative to finance investment projects in the country with open financial ceilings.

The bank’s media office said in a statement that Mawazine News received a copy of, that “in line with the bank’s policy and plan aimed at supporting the national economy and contributing to activating the private sector, activities and investment opportunities, and under the direction of the Ministry of Finance to support investment, it has been decided to launch the Single Window initiative to promote the investment sector in Iraq".

He added, "This initiative is based on facilitating and simplifying the procedures of companies and investors and completing the transaction at a record time and speed away from red tape and excessive sagging episodes that require completion for a few days by establishing a unified room of the concerned departments assigned to it the task of investment that aims to finish the investor's transaction and grant him. The loan is easy and smooth. ” https://www.mawazin.net/Details.aspx?jimare=137239

Zig   Investment is what we are looking for....good stuff....

xyz   Zig yup

xyz  1-9-2021 Newshound/Intel Guru Mnt Goat Article: "AL-KAZEMI: STOP BIDS AT THE EXPENSE OF IRAQ" Quotes: "The Prime Minister, Mustafa Al-Kazemi, spoke on Saturday ABOUT THE LAST OPPORTUNITY TO ADVANCE THE COUNTRY,"; "...WE CARRIED OUT REFORMS AND PREPARED A WHITE PAPER CAPABLE OF FACING THIS CRISIS AND THE COMING CRISES, AND WE WILL NOT ALLOW THE COLLAPSE OF IRAQ OR ITS BANKRUPTCY...";

"THE YEAR 2021 IS THE YEAR (THE IRAQI ACHIEVEMENT). WE WILL ALL REACH THIS ACHIEVEMENT QUICKLY AND EFFICIENTLY, AND THE STATE WILL PREVAIL. IRAQ WILL TRIUMPH OVER ALL CHALLENGES." I have said this before that this is Iraqi’s last chance for the needed reforms. There will be no other opportunities. Heh, didn’t they tell us recently that they planned on a 5% GDP in 2021?

xyz   1-8-2021 Intel Guru Bruce [via WiserNow] ...initially we thought Tuesday /Wednesday – of this week – for notifications – Now we’re hearing more like Saturday for notifications

:Happier: – maybe getting notifications to us Saturday and starting Saturday...Or…we could get pushed to early next week – we have heard both things from a couple different sources – and we know that this is what we are looking for – we’re looking to be notified and to get started...

xyz  Financial Committee: The budget will be delayed for 6 months if it is refused to pass it

[Baghdad-Where]

Member of the Finance Committee, Representative Jamal Cougar, confirmed, on Saturday, that political parties stand against the passage of the budget, warning of the consequences of its rejection.

Cougar said, "The budget needs careful study because the deficit is large and its numbers are large, and it came in a difficult economic circumstance, so it must be subjected to a thorough study," noting that "all the items in the budget are sensitive and controversial, and there are political parties looking for gaps in it." And another looking for reforms, and all of this takes space and time for discussion. "

He continued, "We should stand against the budget formula, and that it be modified," warning against "refusing to pass it, because it gives room to be delayed at least 6 months, and this is a dangerous matter, because the budget needs to be modified, not delay, and it is in line with the economic reality of the country." .

He pointed out that "there are political positions present, as parties stand against passing them," stressing that " The state of the country does not bear the disruption of the budget, and that any suspension means delay in paying salaries, and that the street will not bear this, and everyone must bear the responsibility for passing it. " https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=105894

NORV    Maybe ur LOP is coming lol

NORV   Deleting 3 zeros or printing the 100-dinar denomination ... Experts determine the best to reduce the repercussions of changing the exchange rate - urgent

8/1/2021  News source / Baghdad today – Special   A few days ago, two proposals have been put forward to reduce the effects of the devaluation of the dinar against the dollar, which was determined by a decision of the Ministry of Finance to fix the exchange rate at 1470 dinars against the dollar after it stabilized for more than 15 years, up to 1200 dinars, which caused bad effects on citizens, raising the prices of basic materials and reducing the value of salaries.

NORV   lol   Or maybe they will Float?

NORV  Balancing act or punishment for the economy and for the people?

Articles January 07, 2021 0   Basma Press / Articles   It is strange that this insistence that the government has been fair in the draft 2021 budget for the poor and low-income groups! All indicators, data and opinions of specialists say completely otherwise.

And if the Egyptians intend to exempt those whose income is less than 500 thousand dinars per month from income tax and from the newly imposed deductions, and on adding a few billion dinars to social welfare allocations, then this does not mean anything at all in light of the high rates of unemployment and poverty, which are estimated by several sources More than 40%, while official sources talk about 34%.

At the same time, the ration card allocations declined remarkably in the draft budget, which was carefully prepared in accordance with the recommendations of the government white paper, based on the advice of the International Monetary Fund and the World Bank, which demanded more measures to float the Iraqi currency and give up all forms of support from the state,

Xyz   What is the fate of Iraqi money smuggled abroad?

Economy News – Baghdad   Iraqi money smuggled abroad has always been the focus of Iraqi attention, but it has increased in the recent period with the exacerbation of the financial problem that the country is going through, until it has generally become the focus of attention and a major demand for Iraqis, with the large size of these funds and the possibility of providing radical solutions to the great financial impasse. in Iraq.

High defendants and a political system that provides protection

Observers describe the state of corruption that the country has been experiencing for several years as being carried out by political agreement to share the country's capabilities through the ruling political class, while observers exclude that the current government or any other government will settle these files and recover the smuggled money or arrest the main ones involved in them.

Perhaps the first of these operations was through the Minister of Defense in the first government of former Prime Minister Iyad Allawi, who fled the country with about one billion dollars, and Iraqi courts have sentenced him to seven years in prison, but he is still outside Iraq as well as not recovering that money.

In addition to the Minister of Defense, there are many ministers, heads of bodies and officials who are accused or those who have been judged in corruption cases of billions of dollars, most notably the former Minister of Electricity, Ayham al-Samarrai, who escaped from prison outside the country.

Anti-corruption officials reveal that an official request from Iraq was submitted to the United States earlier to retrieve al-Samarrai based on the legal and judicial cooperation agreement between Baghdad and Washington, but the American side did not respond to these calls because al-Samurai holds American citizenship.

The deep state and the victims of opening those files

What reinforces the belief in the large size of corruption in Iraq is the amount of money that has been smuggled abroad as a result of systematic corruption operations that have been administered over the past years, as some estimates from former officials in Iraqi anti-corruption institutions reach that the amount of smuggled money reaches the limits of 600 billion dollars, while Deputies in the Parliamentary Finance Committee and economists estimated the amount of money smuggled abroad at about $ 350 billion   https://economy-news.net/content.php?id=23525

Zig   FOR NEW MEMBERS AND GUESTS Most things referred to are in the MESSAGE BOX area at the bottom: To log out/add avatar: Click on icon at top left...that is also where you can upload an avatar if you wish...To address a specific member: Click on their name within a post...it will appear as @Zig as an example...To see/hide who is logged in: Click on icon at top right with a number to its left... Smileys (emojis): Access them via clicking on the smiley face at bottom left...click on one and it will appear in your message...Click into message box to hide them...To hear a click when anyone posts: Play with that speaker icon to right of # logged in icon... Enlarging a pic/avatar: Click on any picture/avatar to enlarge it, again to reduce...will always appear directly over the message box... To expand chat box size: Click on icon at top right with an arrow in it and maximize, etc...To return quickly to the bottom after scrolling up: Click on the last icon at top right of message box which turns to arrows when you scroll up.

Zig   REGISTERING: Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right.... DELETING AND PM: Registered members are able to delete their posts and PM (Private Message) with each other....See "INFO" post... :coffee:

 GUESTS!!.... GUESTS MAY NOW POST....Without registering...."anyone"...Just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black .... : Posting:

Zig   From now on I will only post my two INFO posts when requested, or whenever we acquire a new registered member.... :)

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Zig’s Place Chat Room Discussion and News Saturday 1-2-21

.Zig’s Place Chat Room Discussion and News Saturday 1-2-21

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

xyz In the past weeks, government banks intensified calls for citizens to deposit their money in their bank branches instead of hoarding it at home. https://www.iraq-businessnews.com/2020/12/31/iraqi-banks-undertake-overdue-reforms/

Iraqi banks have undertaken reforms, coinciding with the Iraqi government's measures to reform the economy. Dec 28, 2020 The Central Bank of Iraq announced in a statement Dec. 19 the devaluation of the Iraqi dinar to 1,450 to help reduce the country’s fiscal deficit in the state budget for 2021 from 70 trillion to nearly 30 trillion dinars.

Simultaneously, Iraqi banks have undertaken additional measures to optimize the Iraqi economy. In the past weeks, government banks intensified calls for citizens to deposit their money in their bank branches instead of hoarding it at home.

Zig’s Place Chat Room Discussion and News Saturday 1-2-21

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

xyz   In the past weeks, government banks intensified calls for citizens to deposit their money in their bank branches instead of hoarding it at home. https://www.iraq-businessnews.com/2020/12/31/iraqi-banks-undertake-overdue-reforms/

Iraqi banks have undertaken reforms, coinciding with the Iraqi government's measures to reform the economy. Dec 28, 2020   The Central Bank of Iraq announced in a statement Dec. 19 the devaluation of the Iraqi dinar to 1,450 to help reduce the country’s fiscal deficit in the state budget for 2021 from 70 trillion to nearly 30 trillion dinars.

Simultaneously, Iraqi banks have undertaken additional measures to optimize the Iraqi economy. In the past weeks, government banks intensified calls for citizens to deposit their money in their bank branches instead of hoarding it at home.

Local media published calls by Rasheed Bank and Rafidain Bank along with the interest rates they pay for deposited money.

In less than a week, state-owned Rafidain Bank raised the interest rate on deposited money from 4% to 5% so as to encourage people to deposit funds in Iraqi branches.

Rasheed Bank, however, is paying a 7% interest rate on fixed deposits for 2.5 years. Rasheed Bank's offer involves individuals, businesses, associations and other sectors.

According to the Central Bank, funds citizens have hoarded at home are estimated at 77% of those circulating in the local market. https://www.al-monitor.com/pulse/originals/2020/12/iraq-banks-economy-reform.html

xyz   Economists: Lowering the dinar throws 60% of Iraqis into poverty

Economists believe that the poverty rate in the country will rise to above 50% after the decision to reduce the value of the dinar LINK

xyz   On October 15, 2003, Iraq began to distribute new dinar bills, graced with the likeness of an ancient Babylonian ruler and a tenth-century mathematician. By January 15, 2004, new dinars replaced the two types of notes that were in circulation. Old Saddam dinars were swapped for new dinars at a one-to-one rate, and each so-called “Swiss” dinar fetched 150 new dinars. Bank accounts and contracts were converted at the same rates, and Iraqi salaries began to be paid in crisp new notes. The new currency became convertible into foreign currencies at market rates.

Iraq’s currency swap was heralded with great fanfare in Baghdad and Washington. As President George W. Bush put it: “The new currency symbolizes Iraq’s reviving economy.” https://www.nationalreview.com/corner/another-junk-currency-the-iraqi-dinar-bites-the-dust/

Dave   Security Council Sanctions Committee concerning Iraq Removes One Entity from Its Sanctions List

December 31, 2020 Walter   PRESS RELEASESC/14390 16 DECEMBER 2020

SECURITY COUNCIL

On 16 December 2020, the Security Council Committee established pursuant to resolution 1518 (2003) approved the removal of the following entity from its List of Individuals and Entities subject to the assets freeze set out by paragraphs 19 and 23 of Security Council resolution 1483 (2003) adopted under Chapter VII of the Charter of the United Nations:

B. Entities and other groups

IQe.003 Name: RAFIDAIN BANK

A.k.a.: AL-RAFIDAIN BANK F.k.a.: na Address: Rashid Street, Baghdad, Iraq Listed on: 21 Nov. 2003 Other information: Activity: General purpose bank

The names of individuals and entities removed from Committee’s Sanctions List pursuant to a decision by the Committee may be found in the “Press Releases” section on the Committee’s website at: www.un.org/sc/suborg/en/sanctions/1518/press-releases.

https://www.un.org/press/en/2020/sc14390.doc.htm

xyz  Deputy: Parliament Will Begin An In-Depth Reading Of The Budget In The Coming Days

On January 1, 2021  Al-Mustaqilla / - The head of the Parliamentary Committee on Agriculture, Water and Marshlands of the Saeron Alliance, Salam Al-Shammari, confirmed that Parliament will begin, through its relevant committees, an in-depth reading of the current year’s budget in the coming days.

He said in a press statement that the Independent received a copy of it, that all political blocs are bent on approving a budget that meets the needs of the people without deducting percentages from the salaries of lower grades.

Al-Shammari added that approving the budget will not be delayed for long and will be approved during the current month or early next month at most.

He stressed the importance of ratifying it as soon as its law is approved and without any governmental objections, indicating that Parliament will legislate the budget according to the requirements of the reality of the country and its people.    LINK

Dave  Security Council Sanctions Committee concerning Iraq Removes One Entity from Its Sanctions List......seems more entities to go......

Dave   https://search4dinar.wordpress.com/

Dave   Kap told me days ago Iraq CH 6

Dave   not SURE who to believe Kap or UNSC?

Dave all the bantor regarding a RV fer us all MOOT to me while under Sanctions.....?

Sheila  waiting to see what happens between January 5, 2021 and January 20, 2021

Dave  sheila UNSC pulling the PLUG on Sanctions?

Xyz   After the central bank was hit by a surprise .. Iraq may move to change the dollar exchange rate

2020-12-29 07:02  Shafaq News / As soon as the devaluation of the dinar against the foreign currency, especially the US dollar, came into effect, the people's willingness to buy those currencies decreased, which created alarm for the Central Bank of Iraq, which is responsible for issuing the decision that sparked popular discontent, because of the consequences it may have on the middle class and people Limited income in society.

The Central Bank of Iraq had decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, with the aim of compensating for the decline in oil revenues caused by the deterioration of oil prices.

Iraq relies on 90% of its income on oil revenues, and the last time it devalued the dinar was in December 2015 when it raised the selling price of the dollar to 1182 dinars, compared to 1166 dinars in the past.

And for the third consecutive day of this week, the Central Bank's sales decreased by more than 55%.

Review the exchange rate

A source in the Ministry of Finance told Shafaq News Agency, "The decline of the Iraqi dinar against the US dollar and the increase of the exchange rate from 119 thousand to 146 thousand dinars per 100 dollars caused a rapid decrease in the value of sales at the Central Bank in the foreign currency auction.

The source adds, saying that "the Central Bank is upset, and in light of this several proposals have been submitted to determine the exchange rate of the dollar against the Iraqi dinar, including that it be 135 thousand per 100 dollars instead of the current price."

The central bank launched its decision regarding the new pricing for selling the dollar in the auction for the currency on December 20, and since then, the bank has witnessed a decline in currency sales.

The dollar sold down to unprecedented levels  For his part, the economic expert       LINK

xyz   Parliamentary Finance reveals to {Al Furat News} the fact that the Central Bank intends to change the dollar's exchange rate

Time: 01/02/2021 12:31:58   {Baghdad: Al Furat News} The Parliamentary Finance Committee revealed, on Saturday, the fact that the Central Bank intends to change the exchange rate of the dollar again.

Committee member Jamal Cougar told {Al Furat News} that "it is not possible for the central bank to re-price the dollar again," stressing that "do not retreat from the new exchange rate and it is unrealistic for the monetary authority to circumvent itself."

Cougar added, "There will be no retreat from changing the exchange rate and no new rate may be adopted because it will confuse the entire market," noting that "we need two weeks to overcome the crisis of changing the price so that citizens adapt to the new price." LINK

xyz   Parliamentary Committee: Questioning the Minister of Finance and the Governor of the Central Bank has become an urgent necessity

Political| 12:27 - 02/01/2021  BAGHDAD - Mawazine NewsThe Parliamentary Finance Committee warned, on Saturday, of a future economic disaster in the country, in the event that the Minister of Finance and the Governor of the Central Bank remain in their positions, confirming that their questioning in Parliament has become a popular and political demand.

"The questioning of the Minister of Finance and the Governor of the Central Bank has become a popular and political demand, because of the continuous failures in managing the financial crisis," said a member of the committee, MP Thamer Theban Al-Hamdani, in a press statement, seen by Mawazine News.

He added, "The next sessions of Parliament will witness the questioning of Finance Minister Ali Abdul Amir Allawi, as a first reform step for the work of state institutions."

Al-Hamdani pointed out, "The choice of the Minister of Finance and the Governor of the Central Bank was a wrong decision from the beginning, and it must be addressed before the situation deteriorates further." Ended 29 / https://www.mawazin.net/Details.aspx?jimare=136532

Xyz   Parliamentary Committee: Questioning the Minister of Finance and the Governor of the Central Bank has become an urgent necessity

The Parliamentary Finance Committee warned, on Saturday, of a future economic disaster in the country, in the event that the Minister of Finance and the Governor of the Central Bank remain in their posts, confirming that their questioning in Parliament has become a popular and political demand.

A member of the committee, MP Thamer Theban Al-Hamdani, stated in a press statement. "The questioning of the Minister of Finance and the Governor of the Central Bank has become a popular and political demand, due to the continuous failures in managing the financial crisis."

He added, "The next sessions of Parliament will witness the questioning of Finance Minister Ali Abdul Amir Allawi, as a first reform step for the work of state institutions."

Al-Hamdani pointed out, "The choice of the Minister of Finance and the Governor of the Central Bank was a wrong decision from the beginning, and it must be addressed before the situation deteriorates further." https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=105774

Dakota  I've noticed that (repeatedly) Guru Jeff is saying Iraq is on a fiscal year, beginning April 1 (like Kuwait). ANY number of online resources show that Iraq is on a CALENDAR YEAR basis ... and has been for at least a decade. Maybe two. I wonder why nobody is challenging Jeff on this point.

Zig  @Dakota : :Welcome: Jeff was here for a while in chat...I have invited him to return...maybe he will return sometime and answer this....I will email your post to him....

Sundog  Zig The bummer was I had this great answer for someone who was saying how Jeff keeps Iraq at the fiscal year of Kuwait and then I couldn't post it....I hate passwords...

Zig  sundog : So answer it now....

sundog  My reason was that Jeff will not - under any circumstances believe that Iraq has a calendar year. He INSISTS that Iraq is following every single step that Kuwait did. You can list every single link that shows Iraqs fiscal year is the calendar year but he will not even entertain the possibility. Who else does that remind you of? Go ahead Guess....

sundog  Question: Where does Jeff post? Is it here then it is brought to the other sites? or does he post elsewhere - curious because of the challenge of the fiscal year and that no one does call him out in print..

Zig  sundog : Jeff does frequent videos....I invited him to return to the chat to address some things but he declined....

Sundog  Zig I wondered how it all works. As you can tell I do not get into all the online stuff. Honestly try to stay away from social media...it's not very social..

Sundog   I hope to be collecting from this little rodeo

Tebow  sundog me too, plan to pass most of it to my kids

sundog  It is nice to be in a chat again - I have had dinar for years and years - I did not tell my family or my husband - they would not understand - so you can imagine the surprise that will be..

sundog  Tebow That's nice...I don't have kids. I have dogs. So there are a lot of no kill shelters who will be receiving some goodies.

Zig   REGISTERING: Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right.... ADVANTAGES OF BEING REGISTERED: Registered members are able to password protect their names, post, delete their messages, and PM (Private Message)...  :coffee:

Zig    GUESTS MAY NOW POST....without registering...."anyone"...Just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black with no star.... : Posting:

Zig   FOR NEW MEMBERS AND GUESTS Somewhere above you will find two posts I made with about navigating this chat room, with instructions included on how to do/access several things, etc....older members may also find them useful...I will make sure they are always visible somewhere above via scrolling up...and you can always ask in chat if you have questions or problems, etc....

 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

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Zig’s Place Chat Room Discussion and News Thursday 12-31-20

.Zig’s Place Chat Room Discussion and News Thursday 12-31-20

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

Tebow 22% revaluation on their currency is not a guadual float by any means. That's one of the dumbest things I've read here. Deleting the 3 zeros is from the rate. The goal is to increase the value of the dinar. Removing the 3 zeros fron the physical currency does nothing for Iraq. They devalued 22% in an attempt to remove as many 3 zero notes as the can. I have heard somewhere that Iraq has already removed 70+ percent of the 3 zero notes from circulation. Just my opinion.

Zig I like your opinion....lol....we shall see...waiting as usual....all we can do... :Waiting:

Zig’s Place Chat Room Discussion and News Thursday 12-31-20

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

Tebow   22% revaluation on their currency is not a guadual float by any means. That's one of the dumbest things I've read here. Deleting the 3 zeros is from the rate. The goal is to increase the value of the dinar. Removing the 3 zeros fron the physical currency does nothing for Iraq. They devalued 22% in an attempt to remove as many 3 zero notes as the can. I have heard somewhere that Iraq has already removed 70+ percent of the 3 zero notes from circulation. Just my opinion.

Zig  I like your opinion....lol....we shall see...waiting as usual....all we can do... :Waiting:

Zig  @LeLe emailed this to me https://open-fast.com/wow/ready.php#close a countdown to 2021

Xyz  For the fifth day in a row .. Central Iraqi sales are declining

Shafaq News / The Central Bank of Iraq sales of hard currency declined today, Thursday, for the fifth consecutive day this week, while it recorded a decline of more than 18%.

The Shafaq News Agency correspondent stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today, a decrease in its sales by 18% to reach 11 million and 427 thousand and 660 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, compared to yesterday, Wednesday, when it reached Sales of 14 million and 54 thousand.

He added that the request was distributed by 11 million and 327 thousand and 660 dollars to strengthen the funds abroad in the form of transfers and appropriations, while the rest of the $100 thousand was distributed in the form of cash sale that was fully covered by the bank at an exchange rate of 1460 dinars per one dollar.

Our correspondent indicated that seven banks have fulfilled requests to enhance assets abroad, while one bank has met the cash requests.    LINK

xyz  Professor Dinard guru @Kaperoni claimed that it would take Iraq yrs for to reach 1-1 --- then 22% is daily gradual in other direction

xyz  In the document: The Security Council cancels the sanctions imposed on an Iraqi government bank 17 years ago - urgent

Baghdad Today – Baghdad  The Committee for Freezing Terrorist Funds of the Central Bank of Iraq announced the issuance of a Security Council / International Sanctions Committee decision to remove its sanctions against Rafidain Bank, which were issued during the era of the previous regime in 2003 https://baghdadtoday.news/news/141470/%D8%A8%D8%A7%D9%84%D9%88%D8%AB%D9%8A%D9%82%D8%A9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A3%D9%85%D9%86-%D9%8A%D9%84%D8%BA%D9%8A

xyz   Parliament announces the date to commence the first reading of the budget

Shafaq News / The Parliamentary Finance Committee announced, on Thursday, that the draft general budget bill for 2021 will be distributed to members of the House of Representatives, indicating that Parliament will read the first reading of the budget next week.

Committee member Jamal Cougar told Shafaq News, "After canceling the legislative holiday, parliament will resume its regular sessions next week to read a number of laws, most notably the General Budget Law."

He added that "the draft law arrived at the Parliamentary Finance Committee and was distributed to members of Parliament," stressing that "a number of notes have been recorded on the budget articles and paragraphs and will be discussed after the resumption of the sessions."

The First Deputy Speaker of Parliament, Hassan Karim Al-Kaabi, announced the day before yesterday, Tuesday, that the financial budget had been received by the parliament for review. LINK

Zig   12/31 video from Jeff AKA Dinar Investor...."RI Preparation...Withdraw Dinar...Inject USD" https://www.youtube.com/watch?v=R721gD96JEo&t=53s

Tebow  Zig so Iraq paying employees in dollars vice dinar. Hmmmm why they hanging onto dinars.

Zig  Tebow : I hope they are doing that to drastically reduce the amount of Dinar as Jeff said....of course it is just his opinion....I have invited Jeff to return to the chat....

Professor Dinard  Maybe they're introducing new currency series and well all be eating LOPsters soon lol

Zig Professor Dinard : Shoo Negative Nellie!!....Shoooooo!!!..... :Shoo: LOL

Sheila  Professor Dinard just heard revaluation very much on the table for this weekend. prez T did say there would be a big announcement on January 1, 2021. maybe this is it!!!

Professor Dinard  sheila he said it was a big announcement regarding iraq or just in general?

Sheila  Professor Dinard guess it was general. yet "big" might be in a revaluation or return to asset-backed currency?

Professor Dinard  sheila return to asset back currency would be pretty rad!

Sundog    I've been to most of the sites and some don't allow you to post so it's nice to be able to respond to comments. I will keep it clean and not hostile...lol

Zig sundog : Well that's no fun....LOL

sundog  Yay - finally - honesty works....lol

Sheila  Professor Dinard waiting patiently for January 6 up to January 20, 2021.

Tebow  Professor Dinard if they wanted to lop there would be no need to remove the currency from circulation. They could just come out with a new rate at anytime and lop to current currency and have people turn it in for the new. Seems they are going to alot of trouble if they plan to lop.

Sheila  Tebow NO LOP - revalue is the best!!!

Zig  Tebow : Makes sense...

Xyz   Zig WoW @Tebow is making sense? Oh dear lord the end is here

Sundog  Zig I do tend to voice my opinion and not to everyone's enjoyment. I'm rather logical..which is a contradiction to this investment...hahahaha

Zig  sundog : Speak your mind....just be yourself....No Mods in here....if you do something I do not like I will let you know.....

Sundog  Hopefully I won't hear from you - got removed from other sites not for being "BAD" to much political correctness. Wasn't allowed to say anything negative even when the news was negative..

Zig   xyz : Really???.....No!!!!

Sundog   xyz Well I might as well get this over with. I'm not a big fan of Kaps - especially since he said rates don't change overnight. Gee, I think that's just what happened last week. Now I've opened up a rash of comments about how Kaps right...

Zig  sundog : Wow @Tebow will love you.....lol

Tebow sundog yes you have your head on right

sundog  Zig Just letters on a screen - I don't scare that easy

Sundog   Tebow Thanks - I haven't heard that in years. Sarcasm is my strong suite...

Sundog  Zig I will - been in this over 10 years have run the gambit of sites and hoping this ride is over soon

Zig  sundog : Hope so...would be nice to finally profit from this....

sundog  I do believe we will - it's impossible not to for Iraq...The history of the country bears this out. and yes I do believe we will wake up one morning and all quit our jobs....

Tebow  sundog yes like you already and the way you think. Jobs......... what is that? LOL

sundog Tebow hopefully mine will be the job someone has been waiting to have..

Tebow  sundog yes

sundog  Tebow for the sake of humanity and the people in my circle - if it doesn't happen soon there may be some missing people....they drive me crazy...so RV for everyone's sake..

xyz  sundog RV in the other direction is upon us

sundog  xyz Absolutely....this is the time

Tebow sundog please don't use that word 'soon'. You'll find a few Krazy;s in here

xyz  sundog we are in the moment. Was tough for @Kaperoni to admit

Sheila  sundog January 1 thru January 15, 2021 is my next target window. patiently waiting.

sundog  Tebow I know ! I can't believe I used that word...It's become a part of my vocabulary

Zig  sundog : If you have been reading this chat you will know that @Kaperoni is here as @NORV

Tebow that word is bad juju in the dinar world

sundog  xyz Are you telling me that Kap admitted it??? Then the world is coming to an end for sure

sundog  Zig Like you couldn't figure that out by the name....lol

Zig LOL....True

Sundog  I wouldn't want to let loose on Kap right off the bat so I will be nice - everyone is entitled to their opinion - see - I can be nice..

Zig  sundog : Yeah sometimes the name-calling goes too far when @Kap is here....so try to control that.....lol

NORV   Who's the loser? Tebow is the loser! You think you know more than Saleh?????

Mazhar Saleh: Iraq is the ninth country in the world in buried natural resources, amounting to 16 trillion dollars

02/22/2020 14:23 Baghdad / Al-Masala: The advisor to the prime minister for economic affairs, Dr. Mazhar Muhammad Salih, said in a press statement to "Al-Masala" that there are unforeseen obstacles that have stopped the national industry in general and the Iraqi extractive industry in particular since the beginning of the nineties of the last century,

indicating that the UN Security Council resolutions Issued since August 1990, it was enacted due to the Iraqi invasion of Kuwait, to place the Iraqi factory under the threat of an international technological and commercial blockade. Many of the extractive industry sites, in particular, were subjected to military operations in the 1991 Gulf War and afterwards, which made them lose the capabilities of work, development, investment and continuous production.

Saleh added in an interview with the "obelisk" that the extractive industry, especially the non-oil industry that deals with the production of raw materials and their export to global markets, was the first target in the project of war and international sieges and extensions subject to the application of Chapter Seven of the United Nations Charter, and it still sees from time to time.

A decision by one of the specialized United Nations committees that undertakes the partial or gradual lifting of the Iraqi factory, with lists sometimes issued, and removing it from the blacklist, especially for factories, some of which, for example, have ceased to exist in technology or have become non-existent.

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,

NORV  and that Iraq is one of the most regular and distributed countries in the world. Mineral and other resources are concentrated per square kilometer and nationwide.

He continued, saying that what we need today as the world's richest group in natural resources are two things, the first of which is distinguished cooperation with the international business environment and world markets, and the integration of Iraqi industry with global industry.

The other is the importance of national solidarity in organizing the management of the production of raw materials or the extractive industry other than oil, and the diversion of its revenues into programs that lead to the growth of physical capital formation and the accumulation of human capital and the immediate transformation from a semi-deficit economy to a productive surplus economy, and the birth of a major renaissance in economic development through Renewable financial leverage based on other extractive returns.   Obelisk    LINK

 Zig   FOR NEW MEMBERS AND GUESTS Everything referred to is in the MESSAGE BOX area at the bottom: To log out/add avatar: Click on icon at top left...that is also where you can upload an avatar if you wish...To address a specific member: Click on their name within a post...it will appear as @Zig as an example...To see/hide who is logged in: Click on icon at top right with a number to its left... Smileys (emojis): Access them via clicking on the smiley face at bottom left...click on one and it will appear in your message...Click into message box to hide them...

To hear a click when anyone posts: Play with that speaker icon to right of # logged in icon... Enlarging a pic/avatar: Click on any picture/avatar to enlarge it, again to reduce...will always appear directly over the message box...

To expand chat box size: Click on icon at top right with an arrow in it and maximize, etc...To return quickly to the bottom after scrolling up: Click on the last icon at top right of message box which turns to arrows when you scroll up[/color].....To see who may be typing a message: Look in the bottom right corner of the chat box... :Welcome:

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Zig’s Place Chat Room Discussion and News Wednesday 12-30-20

.Zig’s Place Chat Room Discussion and News Wednesday 12-30-20

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

Zig In case new members and some readers don't know: @NORV is @Kaperoni You can access a recording of his 12/27 conference call with @Enorrste at https://dinaralert.webs.com/conferencecalls.htm

Dave Zig yeah and Kap refuses all Q and A FROM ME.....

Zig Dave : Oh will you give that a rest already.... :Hair:

Dave ch 7???

Dave Zig NO MORE WHEELBARROWS...DUMP trucks now!

Sparky Dave ...maybe have to take a step back, in order to move forward ..

Zig’s Place Chat Room Discussion and News Wednesday 12-30-20

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

Zig   In case new members and some readers don't know: @NORV is @Kaperoni You can access a recording of his 12/27 conference call with @Enorrste at https://dinaralert.webs.com/conferencecalls.htm

Dave  Zig yeah and Kap refuses all Q and A FROM ME.....

Zig  Dave : Oh will you give that a rest already.... :Hair:

Dave  ch 7???

Dave Zig NO MORE WHEELBARROWS...DUMP trucks now!

Sparky Dave ...maybe have to take a step back, in order to move forward ..

Dave  Zig Gosh thought we all be here because of the CBI Delete 3 ZERO program.. at least i did....

Sparky Dave ...delete 3 zeros is a lop my friend ...

Sparky  ... sorry to break it down to you ...

Dave  i too bequeath you a dumptruck

Sparky Dave ... go digital ...

Dave  CBI...RESTORE THE PURCHASING POWER OF THE IQD!

Sparky ... electronic banking will be a thing ... :Crystal ball:

Dave LDS /FILS.....?????

Sparky  Dave ...where are they ?

Dave make change please fer my 25k note

Dave Sparky question fer CBI

Dave not sure

Sparky  ...most of mine have Shab's signature on the front ...

Dave and?

Dave saddam no good

Sparky ... and...we wait ...

Dave  familiar what it costs to print a note?

Sparky Dave ... I'm guessing less than what I paid for it ...

Dave close......6-8 cents....fils more

Sparky  Dave ..watching real good movie... "Draft Day " ...

Dave Sparky dont like where i am leading you?

Sparky  Dave ...you are leading me to the dancing donkey professor ...

Sparky  Dave ...listen dude ... the only way they help their accounting folks, is to delete three zeros off the notes...and equate them to 1's, 5,s , 10's ...

Dave  Sparky seems you come by that naturally if you be a lopster

Sparky  ...same value...less zeros ...

Dave  no rate change 1000 ld notes fer that bottle of water........at 8 cents each to mint/print

Dave  expensive bottle of water

Sparky  Dave ...have you evidence of lower denoms ? do tell ...

Dave  Sparky JUST WHAT CBI has mentioned

Sparky Dave ... hope your right buddy ...

Sparky ...I'd be rich !!!

Dave iqdteam.com......had plenty of articles on that

Dave Sparky YES i have hope what CBI has said numerous times will one day come to fruition.....one day

Dave Sparky even Kap would agree CBI had mentioned lds/fils numerous times

Professor Dinard  Lower denoms introduced gradually as currency value rises imo

Professor Dinard  Only denims I like lowering are daisy dukes lol

Sparky Professor Dinard ...lol ...

Dave  Professor Dinard so 1000 ld notes to purchase the bottte of water to start with?

Professor Dinard  Dave no. As it reaches a point where high denominations are making cash purchases difficult they will introduce more and more lower denomination notes into the currency series

Dave  make change?

Professor Dinard  Dave would be hard to do with an overnight RV right? That's why I think it will float

Dave so no delete 3 zeros then

Professor Dinard  Eventually

Professor Dinard Itll get there

Dave  Professor Dinard CBI no where near where they hoped trs ago....wrong direction in fact

Dave yrs  ago

Professor Dinard Dave yea. Itll probably only be 20 years until they get down to 3 zeroes deleted

Dave Professor Dinard or get their stuff together....

Professor Dinard Dave middle east countries hardly like to have their **** together. It seems like they enjoy volatility and chaos lol

Dave  still dont have a port.....

Dave UAE Bahrain, Kuwait ?

Professor Dinard  Dave are they landlocked?

Dave  Bahrain maybe

Professor Dinard  Dave those countries do fine cause they like stability

Professor Dinard  Dave no is iraq landlocked?

Dave  No...lousy little ports FAW/ceylon

Sparky  Professor Dinard ... have to ship past Iran through the Gulf ...

Sparky  ... and they mined the waters years ago ...

Sparky  .. straight of Hormuz comes to mind ...

Dave  a lil port

Dave this has been in the news many times...posted by xyz

Sparky  ... the off shore oil storage and distribution platforms are now controlled by Iran ...

Professor Dinard  Sparky Iran's mega gay

Sparky  Professor Dinard ... think so ?

Professor Dinard  Sparky yea. They are pretty ****. And did you see what they did in the south china sea!

Sparky  Professor Dinard ...encrouchment by China ...

Tebow  Antifa must rebuild the damage they did on our cities.

Zig  REGISTERING: Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right.... ADVANTAGES OF BEING REGISTERED: Registered members are able to password protect their names, post, delete their messages, and PM (Private Message)....   :Welcome:

Zig   GUESTS MAY NOW POST....without registering...."anyone"...Just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black with no star.... : Posting:

Xyz    12-30-2020 Newshound Guru Mnt Goat Article: "ECONOMIST CALLS FOR THE REMOVAL OF THE THREE ZEROS FROM THE DINAR TO STRENGTHEN THE LOCAL CURRENCY" So we have been waiting for articles like this. Notice we have not see any “direct” article talking about this subject of “deleting the zeros” for a long time. Now they finally are telling us this may be a solution to getting out of the mess they are in.

Xyz  Guru Bruce called it

xyz  Guru @Kaperoni doubts his floating theorem after recent 22% drastic RV

xyz  It takes time to come around :Banana:

Professor Dinard  xyz delete 3 zeroes is a LOP

Sheila  Professor Dinard do not want a LOP. outright revaluation.

Professor Dinard  sheila I fear if they do that it will be with a new currency series. That's why i think it's going to be a gradual increase in currency value

xyz  Professor Dinard deleting 3 zeros doesn't mean using scissors to cut remove 3 zeros aka lop

Professor Dinard  xyz hopefully it means they will increase value gradually to get there as opposed to introducing new currency series

Professor Dinard  xyz some would call that a "float"

xyz   Professor Dinard 22% was not gradual aka @Kaperoni definition of float. It's an RV but in the wrong direction.

Professor Dinard xyz 22% increments to me are gradual if they are spaced out far enough

Professor Dinard  Arguing perspective at this point

Professor Dinard   xyz maybe we have different definitions? Let's call mine a volatile gradual reflection of iraq GDP. That's my guru call lol

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Zig’s Place Chat Room Discussion and News Monday 12-28-20

.Zig’s Place Chat Room Discussion and News Monday 12-28-20

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

Zig I listened to the recording of @Kaperoni and @Enorrste call....It was pretty optimistic IMO...as far as the possibilities for next year go....

Zig Recording link of DinarAlert call with @Kaperoni and @Enorrste if you have interest

Zig You now may post here without being a member....without registering...."anyone"....just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black with no star....you will not be registered here.

 

Zig’s Place Chat Room Discussion and News Monday 12-28-20

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

Zig   I listened to the recording of @Kaperoni and @Enorrste call....It was pretty optimistic IMO...as far as the possibilities for next year go....

Zig   Recording link of DinarAlert call with @Kaperoni and @Enorrste if you have interest https://dinaralert.webs.com/2020-12-28--19.mp3

Zig  You now may post here without being a member....without registering...."anyone"....just type any name where it says "name" below after clicking on it....Next click into the message box below and type a message....then hit enter or click on the arrow at bottom right....your name will appear in black with no star....you will not be registered here.

Xyz   The 2021 budget may be approved in March ... a reading that determines the fate of the January and February salaries https://baghdadtoday.news/ar/news/141199/%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2021-%D9%82%D8%AF-%D8%AA%D9%82%D8%B1-%D8%A8%D9%80-%D8%A3%D8%B0

Xyz   Iraq: A demonstration in front of the Central Bank to condemn the devaluation of the dinar and the market chaos

Today, Monday, al-Rasheed Street, in the center of the Iraqi capital, Baghdad, witnessed a demonstration near the Central Bank to denounce the decision to reduce the value of the Iraqi dinar against the US dollar, in a way that caused the market to break out with a sudden increase in the prices of various commodities by rates reaching 25%.

And last week, Iraq began to work with the decision to reduce the national currency, to its lowest level since 2004, to bring its price to 1450 dinars per dollar through the tributaries of the Central Bank, compared to 1184 dinars previously, a decline of 23%, which caused great confusion for the markets with Suddenly rising prices.

The demonstrators gathered in front of the Central Bank building, demanding the dismissal of the bank’s governor, Mustafa Ghaleb, and the return of the exchange rate to what it was in the past.

The demonstrators raised banners accusing the "central" of working to starve the people, stressing that the solution to the country's economic problems should not be at the expense of the livelihood of the poor citizen. LINK

xyz   The Judicial Council is investigating the Central Bank and 13 private banks in the money laundering case https://ihwclkgcqaxdcwiojwlp6kgalm--www-sotaliraq-com.translate.goog/2020/12/28/%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d9%82%d8%b6%d8%a7%d8%a1-%d9%8a%d8%ad%d9%82%d9%82-%d9%85%d8%b9-%d8%a7%d9%84%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%b1%d9%83%d8%b2%d9%8a-%d9%8813-%d9%85%d8%b5/

Zig    "March Event----Iraq News"......Video by Jeff AKA Dinar Investor from 12/27 https://www.youtube.com/watch?v=FRf7zMbUn7w&t=132s I have invited Jeff to return to the chat....so far no luck....lol

Dave  listening to your call NORV.....sounds reasonable...40 mins in .... so far

Dave  cost fer a bottle of water why not Coke?

Zig  Dave : Was a pretty optimistic call in general....

Dave  no mention of CBIs Delete 3 zeros

Dave  fails to mention free float vs managed float

Dave  all moot until art 4 NORV ?

Tebow  Dave don;t have one now either debriefed when I retired

Tebow  Dave he said no RV and it RVd from 1190 to 1450

Dave  Tebow said rthey rved 10 yrs or more ago also

NORV  Like I said on the CC last night, Iraqi's don't want to pay 22% more for dollars so the auctions are significantly less...as stated today...50% less. That is huge for the CBI! Start manufacturing Iraq!

NORV  :Pool:  FLOAT

Dave  then going global with those lds/fils at the nominal rate.....1600iqd to the dollar.....

Dave  no wheel barrows ,,,,,dump trucks

Zig  @Enorrste sounded a bit excited as to something finally happening early next year...if Iraq can get some things done with attracting investors, etc...

Zig  Joining the WTO....etc....

Dave  794 excited

Dave  795

Dave  called white paper now....just called reforms fer last 14 yrs

Dave  white poaper makes it special t5his time i guess

Dave  Tebow His call seems reasonable 1 hr in....no lies?

Dave  just bringing key news items from iraq

Dave  NORV Good news update!

Dave  now how do i delete that post?

Dave  NORV Your call was GOOD!

Dave  glad you never mentioned fils

Zig  It was a good call IMO.....

Spectra  NORV did you have a call?

Dave  Tebow THIS WAS A GOOD CALL NO BS

Zig  Dave : Agree

Zig   Was a very practical call IMO

Zig   NORV : Seriously it was a good and an interesting call....gives me some hope.....

Zig   BY EMAIL REQUEST: Two Steps: (1.) Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...(2.) Send me an email at ZigPlace@protonmail.com and tell me what name you have registered...I will activate you and let you know "in the chat" when you can log in and post....Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click the arrow at bottom right.... BY INVITATION: You also may become a member by being invited by one of our members, or asking for an invite from someone that you recognize here...

 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

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Zig’s Place Chat Room Discussion and News Monday 12-21-20

.Zig’s Place Chat Room Discussion and News Monday 12-21-20

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

NORV wooohooo conference call this Sunday!

Zig DinarAlert Year-End Conference Call...Sunday December 27th 2020 6pm PT, 7pm MT, 8pm CT, 9pm ET....hosted by Enorrste and Kaperoni (NORV here)...This call will wrap up the year including the currency devaluation...Focus will be looking forward to next year...Q & A afterwards..... Dial in Number (712) 770-5603 Access Code 296983

Xyz A statement issued by the Central Bank of Iraq regarding the exchange rate adjustment https://ijrmm6hiwf4oeyp2iv4326nyq4--cbi-iq.translate.goog/news/view/1624

During the last months of this year, intense deliberations took place with the Prime Minister, the Minister of Finance and the Legislative Authority, regarding the general economic situation and the financial crisis that the public finances are going through due to low oil prices and production, and the economic and health challenges. The Board of Directors of the Central Bank held a number of meetings, some of which hosted the Minister of Finance for the same purpose. The Central Bank of Iraq would like to show the following:

Zig’s Place Chat Room Discussion and News Monday 12-21-20

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

NORV   wooohooo conference call this Sunday!

Zig   DinarAlert Year-End Conference Call...Sunday December 27th 2020 6pm PT, 7pm MT, 8pm CT, 9pm ET....hosted by Enorrste and Kaperoni (NORV here)...This call will wrap up the year including the currency devaluation...Focus will be looking forward to next year...Q & A afterwards.....   Dial in Number (712) 770-5603    Access Code 296983

Xyz   A statement issued by the Central Bank of Iraq regarding the exchange rate adjustment https://ijrmm6hiwf4oeyp2iv4326nyq4--cbi-iq.translate.goog/news/view/1624

During the last months of this year, intense deliberations took place with the Prime Minister, the Minister of Finance and the Legislative Authority, regarding the general economic situation and the financial crisis that the public finances are going through due to low oil prices and production, and the economic and health challenges. The Board of Directors of the Central Bank held a number of meetings, some of which hosted the Minister of Finance for the same purpose. The Central Bank of Iraq would like to show the following:

1- The structural distortions in the Iraqi economy impoverished public finances and restricted the ability of reform sought by the government and the Ministry of Finance. It is not a coincidence that the financial situation is this bad, nor is it the product of the current or the previous year, but unfortunately it took root more than a decade and a half ago due to the policy leadership of the economy and the preference for political thinking and the priorities of politicians over economic thought and development priorities and the rules of the relationship between economic policy on the one hand and fiscal and monetary policies On the other hand ... the fiscal policy lagged behind, and the monetary policy was busy repairing the outputs of the confused fiscal policy.

2- The subordination of the economic and financial policy to the aspirations and concerns of politicians resulted in the last acceptable models of financial management in Iraq, and the role of that administration was limited to the distribution of oil resources to life-sustaining requirements such as salaries and operational requirements, and the Ministry of Finance did not address its roles and leadership position in economic affairs. In addition to the fact that it lacked many economic and financial information that

xyz   In addition to the fact that it lacked many economic and financial information that could facilitate it and the decision-maker in the country to direct short and medium-term goals. This calls for an active approach to build economic and financial databases that facilitate decision-making and serve forecasts. 3- Because of all these conditions, the Central Bank had no choice but to intervene on more than one occasion to support public finances and save critical public spending requirements .. However, this does not mean that these interventions remain open without restrictions or endings.

4- On the other hand ... the Central Bank understands the difficulties facing the reform intentions that the government is heading to undertake, but this does not prevent any steps that the monetary authority can take with effective steps to implement reforms that inevitably affect the institutions of the financial authority, especially the effective collection institutions. Customs, taxes, and other public collection institutions, and that spending be leaned and rationalized, all of which depends on the political will of the supreme state institutions that support the direction of the financial authority to achieve this. The government needs to support the vulnerable groups that will inevitably be directly affected, especially by any measure to change the exchange rate.

5- The legislative authority will have an important role in supporting the direction of the Central Bank to adjust the foreign currency exchange rate, as failure to take such a decision may make us forced to take difficult decisions that may put Iraq in a situation similar to what happened to neighboring countries. It should also be emphasized here that this change (reduction) in the value of the Iraqi dinar will be one-time only and will not be repeated, and the Central Bank will defend this price and its stability with the support of its foreign reserves, which are still at solid levels that enable it   which are still at solid levels that enable it to do so.

6- The financial crisis that Iraq was exposed to due to the Corona pandemic and the resulting deterioration in oil prices and the decline in oil revenues, this led to a large deficit in the general budget and forcing the Ministry of Finance to borrow from banks and re-deduct it with the Central Bank in large sums, for the purpose of paying salaries And meeting other spending needs related to services provided to citizens, and the continuation of the current exchange rate, which is not in any way commensurate with the rates of exchange rates in other countries, has become a major obstacle to conducting real development and enhancing competitiveness for local production, which prompted the Central Bank to think seriously about responding to financing requirements.

Budget at the exchange rate that allows providing adequate resources to cover these needs and ensure the smooth payment of salaries and the critical requirements of government spending, and in order for the bank to avoid depleting its foreign reserves, which represent the main financial leverage for monetary stability in Iraq,And his keenness to support the public finances, as he is the advisor to the government and responsible for keeping its accounts.

Based on the foregoing, the Central Bank of Iraq decided to amend the foreign currency exchange rate as follows:

1450 dinars per dollar The price of buying foreign currency from the Ministry of Finance

1460 dinars per dollar The price of selling foreign currency to banks

1470 dinars per dollar The price of selling foreign currency to the public

asking God Almighty He is the most gracious to take into the hands of our country and our people because of the goodness, generosity and honor that it contains.    The Central Bank of Iraq,  December 19, 2020

xyz  Representative economy: a parliamentary approach to restore the exchange rate to its normal position

BAGHDAD - Mawazine News   The Parliamentary Economic and Investment Committee confirmed today, Monday, that there is a representative tendency to restore the dollar exchange rate to its normal state, indicating that the high exchange rate has affected the poor segment.

Committee member Falah Al-Khafaji said, "We, as members of Parliament, have a tendency to return the exchange rate of the dinar against the Iraqi dollar to 120 or a little more."

He added that "the increase in the exchange rate of the dollar against the Iraqi dinar, the target of which is the very low, poor segment of the population, who are affected by this rise."

He pointed out that "there is an increase in the prices of foodstuffs, and all other prices that will affect the poor classes of citizens in society." Ended 29 https://www.mawazin.net/Details.aspx?jimare=135084

Xyz   An Expert Warns Of Iraq's Return To International Trusteeship

On December 21, 2020   The Independent / - Legal expert, Ali Al-*Tamimi, warned of the return of Iraq to the international trusteeship, “Chapter Seven” of the United Nations Charter.*

Al-Tamimi said that Iraq is still under Chapter VI of the United Nations Charter, and that there are financial assets with Kuwait worth 4.5 billion dollars.

 He added that according to Article 50 of the United Nations Charter, states that are fighting parties under Chapter VII may request economic assistance from the Security Council. Britain and France have declared their willingness to help, and Iraq has fought ISIS, which is placed under Chapter VII under Resolution 2170 of the Security Council.

He pointed out that there is a money laundering agreement for the year 2005 related to the retrieval of smuggled money in accordance with Articles 55 and 56 of which there is a fee for recovering these funds. Iraq signed it in 2007 by Law 35 of 2007, and the value of smuggled money is estimated at $ 500 billion.   LINK

And he indicated that in the US Federal Bank, $ 65 billion belong to the former regime, and it is the property of the Iraqi people, which Iraq can claim in accordance with Article 28 of the Iraqi-American Strategic Agreement for the year 2008, which allows Iraq to request economic aid from America. https://mustaqila.com/%d8%ae%d8%a8%d9%8a%d8%b1-%d9%8a%d8%ad%d8%b0%d8%b1-%d9%85%d9%86-%d8%b9%d9%88%d8%af%d8%a9-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82-%d8%a5%d9%84%d9%89-%d8%a7%d9%84%d9%88%d8%b5%d8%a7%d9%8a%d8%a9-%d8%a7%d9%84/

Xyz    12-21-2020 Newshound Guru Kaperoni As we watch events unfold the past week in Iraq, it appears that Iraq has decided to finally float the dinar. Today's initial devaluation appears to be the first step in this process. Many asked me if they floated what would the rate be? I said...right where it is right now! This devaluation hopefully will be the beginning of good things to come. With the initial devaluation to 1460, it should clear the way for Iraq to launch the private sector. And in doing so, begin to create a market economy. The result hopefully will raise the value. Only time will tell. The next several months should tell a story as to whether or not Iraq's economy is going to rebound and take off. Today was the first step...

xyz   @Kaperoni Director of the Asian Fund in Iraq: Reducing the price of the dinar without gradual is the right decision https://2knsuevick5ssh3o5gtxcrrfwi--economy-news-net.translate.goog/content.php?id=23252

Zig   xyz : @Kaperoni sounds pretty optimistic IMO..."This devaluation hopefully will be the beginning of good things to come."....

Zig   xyz : LOL....Only YOU would compare @Enorrste with @Chattels in a post....

Zig   Actually @Chattels used to be very active at Dinar Alert....that is where I originally sent him a PM inviting him to come to the other chat.....now years ago....

Professor Dinard   Zig why no chattels come over here?

Zig   Professor Dinard : He no longer participates at any Chat or Forum....grew tired of the whole thing....

Zig   And you can blame my buddy @Z for chasing him away....LOL....Kidding @Z :P

Professor Dinard  Zig understandable lol

Zig   @sheila: Has @Jeff commented about the "Devaluation?"

Clydesdale   12-21-2020 Newshound Guru Jeff Iraq just basically came out saying that the value of the dinar against the dollar has devalued...devaluing the currency, which is reducing purchasing power - it's a last-ditch effort to squeeze the three zero notes out of the citizens. That's all this is...a last-ditch effort to reduce the amount of dinar in the county of Iraq...it's nothing more than a distraction to mislead us, confuse us and to get us to get rid of our dinar... Personally I think Jeff is trying to distract people and keep the guru rhetoric churning.

Zig Clydesdale : Thanks

Clydesdale   Going to be interesting to see how frank spins this later today. He will come up with something to get those memberships fees in for the month. Has a bigshot banker on his insider crew and the banker has no idea what is going on in Iraq but that has not stopped mister "no date, no rate" from making some bold statements of which the devaluation proves differently.

Clydesdale   Zig YW

Professor Dinard  Dang if they introduce a new currency series after inflation gets out of hand were all fcked lol

Professor Dinard They did that with zamundas currency a while back I believe

Professor Dinard  Even ousted royalty from the country because of it

Zig  Latest video from @Jeff AKA "Dinar Investor" regarding the "Devaluation" recorded on 12/20 https://www.youtube.com/watch?v=KT4W7CT3wiA

Clydesdale   Here is another "Monday Morning Quarterback" who has all the answers now....... acting like he called this devaluation. MZ: How about that 1450? I know a lot of folks are concerned when they saw the dinar rate lowered…This is exactly what we have been waiting to see…it’s one of the signs that things are moving. We saw this in Kuwait…We saw this in China. We have seen this almost every time just before a revaluation or reinstatement…..this is good news.

MZ: The big news this weekend was the complete unpegging from Iraq ….we saw the dropping in value….which was expected and one of the signs I was told to watch for 15 years ago……I was told to watch it devalue before it starts moving up….. . I am personally very excited to see that change in value.

MZ: We have a great week to watch. It only took a week or so when they unpegged the Kuwaiti dinar before we saw a change in value…I think this week will be a big one for us as we watch this play out. We will at least have a good idea what our timing is this week.

NORV   wooohooo conference call this Sunday!

sheila  @Zig here's a possibility - Iraq moved the value to approx 1450 per 1USD... maybe when they move decimal point, dinar will revalue to 1.45 to 1usd. 1.45 would be amazing.

NORV   sheila lmbo

Zig   DinarAlert Year-End Conference Call...Sunday December 27th 2020 6pm PT, 7pm MT, 8pm CT, 9pm ET....hosted by Enorrste and Kaperoni (NORV here)...This call will wrap up the year including the currency devaluation...Focus will be looking forward to next year...Q & A afterwards..... Dial in Number (712) 770-5603   Access Code 296983

xyz   NORV poor Z will call in ... better be nice and a gentleman :Ho Ho Ho:

Zig  sheila : I invited @Jeff to return....he will not....Oh well.....

NORV  There are two primary reasons for the devalue.

Sheila   NORV you are not the boss of anyone but yourself. exactly how much are you getting paid to harass people on the dinar subject?

Zig  xyz : Please call in....Yes!!!....would be great....not kidding.....

NORV  sheila no I am the fact teller. learn about your investment..stop living in a fantasy world

NORV  1 reason to reduce the cost of the budget which is close to 50% state salaries

NORV  2 reason..and more important in my opinion...to raise the cost of imports. Doing so will create an environment for a private sector to begin manufacturing. Iraq needs to start making goods!

Dave   The text of the invitation stated, “We, the undersigned, call on the House of Representatives to hold an emergency (exceptional) session on Wednesday 12/23/2020 at one o’clock in the afternoon in the presence of:

1- Prime Minister Mustafa Al– Kazemi 2- Minister of Finance Ali Allawi

3- Central Bank Governor Mustafa Al-Jubouri  in order to discuss the following issues: –

1. The reasons for the decline in the exchange rate and the classification of banks

2. The fiscal policy followed

3. The Central Bank and Ministry of Finance agreements with the International Monetary Fund (IMF) conditions and obligations

4. The failure of government performance and the inability of the state to implement its government approach.

Dave  like #4

Dave  76 signatories.......need another 76ish.......to recognize the failure of the GOVT yo actually do something?

Dave  tp

Dave  wow the UK completely shut down.......even all foreign trucking and shipping.......

Sheila  @ Zig - sent email to TWW. no reply yet. may not hear anything until after hanukah from 22nd to 30th?

Zig   Hannukah was from the 10th>>>18th........Google

Dave   oops the EU stopped al shipping to the UK......

Zig   BY EMAIL REQUEST: Two Steps: (1.) Register a username by clicking on "name" in the message box below...then hit enter or click the arrow at top right...pick a password, etc...(2.) Send me an email at ZigPlace@protonmail.com and tell me what name you have registered...I will activate you and let you know "in the chat" when you can log in and post....Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click the arrow at bottom right.... BY INVITATION: You also may become a member by being invited by one of our members, or asking for an invite from someone that you recognize here...

 

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



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 Zig’s Place Chat Room Discussion and News Saturday 12-19-20

.Zig’s Place Chat Room Discussion and News Saturday 12-19-20

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

xyz Allawi: The economy of Iraq will increase its effectiveness after the change in the price of the dollar

The Minister of Finance, Ali Allawi, announced that the decision to change the exchange rate of the dollar against the dinar will be a one-time.

Allawi said in a press statement received by "Al-Eqtisad News", "It is no secret to the sons of our honorable people the size of the global economic crisis that resulted from the repercussions of the Corona pandemic and shook the economies of most countries of the world, and in our dear country Iraq, the financial crisis resulting from the sharp decline in oil revenues has also been linked. In the presence of structural imbalances in the Iraqi economy that were not seriously addressed and carried over from one stage to another. "

 Zig’s Place Chat Room Discussion and News Saturday 12-19-20

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

xyz   Allawi: The economy of Iraq will increase its effectiveness after the change in the price of the dollar

The Minister of Finance, Ali Allawi, announced that the decision to change the exchange rate of the dollar against the dinar will be a one-time.

Allawi said in a press statement received by "Al-Eqtisad News", "It is no secret to the sons of our honorable people the size of the global economic crisis that resulted from the repercussions of the Corona pandemic and shook the economies of most countries of the world, and in our dear country Iraq, the financial crisis resulting from the sharp decline in oil revenues has also been linked. In the presence of structural imbalances in the Iraqi economy that were not seriously addressed and carried over from one stage to another. "

He added that on this basis, it became clear to the eye the importance of urgent reforms in various economic fields and axes, including the currency exchange rate, although this decision is one of the difficult decisions, but we are obliged to take it because it addresses a large part of the crisis and to avoid similar situations that other countries have been exposed to, and to ensure protection The Iraqi economy, activating its activity, achieving a courageous reform leap and making real development with the aid and participation of all government, political forces, and economic and social actors.

He indicated that the decision to adjust the exchange rate will be one-time only and will not be repeated in the future, and the government, in addition to the Central Bank, will work to fix the new price that is in line with the reform requirements, while the government will work immediately to support the affected sectors and the poor segments through measures that include increasing social welfare allocations in the general budget. In order to compensate for the possible rise in the prices of some imported goods, we have also directed government banks to increase interest rates to encourage cit

xyz   In order to compensate for the possible rise in the prices of some imported goods, we have also directed government banks to increase interest rates to encourage citizens to keep their savings in these banks and to benefit from the high interest provided to them.

He pointed out that adjusting the exchange rate is a political decision of the Iraqi leadership, and it is a decision that enjoys the support of political and parliamentary forces and economic actors that have participated with the government in lengthy discussions to reach it, in addition to the competent international bodies for this measure, including the International Monetary Fund, which promised to allocate large sums to face the repercussions of the pandemic on Vulnerable groups, which are an important part of the government reform program regarding aspects of reforms and economic development. The Ministry of Finance has also prepared a detailed paper on questions that may ask about changing the exchange rate in the country.

He noted that the Iraqi economy will increase in effectiveness with the entry into force of economic reforms, and that the pessimistic false interpretations, some of which carry a political background to impede the reform movement and prevent a qualitative leap in the fields of industry, agriculture and development, are correct https://2knsuevick5ssh3o5gtxcrrfwi--economy-news-net.translate.goog/content.php?id=23205

Xyz   The high exchange rate of the dollar within two hours https://me3cqzp54k2jl4s233nr6undya--www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=105357

Professor Dinard   sheila lots of civilian looking jets and drones landing at march AFB by my house. They got some super secret stuff going on there lol

Sheila  Professor Dinard yes, been watching the monkey werx guy on youtube that tracks air traffic. interesting - here is his latest video on 12/16/2020: https://www.youtube.com/watch?v=Og4XM17n-Rs

Professor Dinard   During the riots out here there were drones galore circling my city

NORV   Just in time for Christmas the dinar depreciates! Everyone is going to lose $200 per million you own. What a gift!

NORV   On the other hand, you can probably find dinar for $600 per mil.   xyz should ask the CBI for a refund!

Professor Dinard   Gurus going to say now is the time to buy more lol

Professor Dinard  "Dinar depreciated to allow for trump to purchase more and profit even more from this investment! CBI owes him favor on way out from election for deleting 3 zeroes off ISIS so now is the time to buy more"

Sheila Professor Dinard JIT - just in time for Christmas!!!

Dave   get peeps to the banks.......talk about reforms......exchange rate....sounds positive

Professor Dinard  Dave yes, then it will gradually rise in value

Dave  Professor Dinard Studied Kap I see......

Professor Dinard  Dave I've kind of been saying an RV isnt really a real thing since the old chat. A float is actually optimistic and me being hopefull

Professor Dinard   You old folks just running out of time

Dave  glass is alway half full fer me

Dave  Professor Dinard could be right.....

Dave  IRAQ enjoy political economic and social stability yet in the eyes of CBI?

Dave  Kurds still sqawking hcl 140.......no private banking laws passed of Federal court laws

Dave  Still UN chapter 7........sanctions..........

Dave  MCP......leave that to Kap

Dave  AND DELETE 3 ZEROS...........no rate change.....??????  explain that Professor

Dave  Lds and fils......One day.........

Dave   Kap has that "PEGGED"!

Dave with Pips along the way...lol

Professor Dinard  Dave rate will change, just gradually

Dave  with 3 less zeros?

Professor Dinard  Dave eventually

Dave  Once 3 zeros gone....what then?    CBI DELETE 3 XERO PROJECT?   whats that?

Dave  IQD team.com may have posts from cBI explaining this

Dave  Professor Dinard have you read the articles posted by Z regarding rate change controversy between CBI and Govt........?

Dave  my take was CBI runs the show and GOVT needs to SSSHHH it!

Professor Dinard  Dave settle down partner. Idk why you get mad when I say it's a slow process rather than an overnight change to a really high rate

Dave not mad.....

Professor Dinard  Dave you should get a horse

Dave  wheel barrows HYPERINFLATIONART,,,,,,,thats all

Dave  yeah need a horse to pull wheel barrow

Dave  Professor Dinard Slow process 2% rate change every 90 days..........

Dave  10 yrs may see a dime

Professor Dinard  Dave sucks for you

Dave  actually very encouraged

Dave  Bought into this because of CBI's Delete 3 zero Project

Professor Dinard  A country can change a lot in 10 years. Look at Dubai. Was absolutely nothing in the 90's

Professor Dinard  They just gotta stop killing each other and start pumping oil lol

Dave  Professor Dinard Been there when it was nodda

Dave  Professor Dinard they dont really have the knowledge to do much of that

Professor Dinard  Dave that's racist David and I'm very disappointed in you right now

Dave  have to buy hydro from Iran......

Dave  look at pics of Iraqs hydro.......

Spectra  eman4u55 what are you nuts/  Merry What?

Spectra People are unemployed,facing evictions and more you say Merry Christmas .I say you are in deniel..

Dave  Professor Dinard In the Oil fields of the Middle East....heavily reliant on Foreign workers........

Dave  AND OIL COMPANIES.........

Spectra  I Love Christmas..This year im not running around blurting out something that is not Merry.

Sheila  Spectra Me, Too!!!   sheila I am the most happiest for Christ,mas every year .This year there is a certain sadness .I find it hard to be filled with joy.     I cannot pretend

Dave  Spectra sheila some do try to make a bad situation better........Xmas cant hurt?

Spectra  Dave excuse me what are you doing?

Spectra  Dave Did you get those Chinese troops out of Canada yet? I heard a police officer say high in ranking say they were really training the Chinese.Your premier allowing this.

Sheila  Spectra Tough time for me. Yet a wise woman in my life told me many years ago to JUST DECIDE. Each day Just Decide how you want to feel. She also told me the real decision to happiness is FORGIVENESS. So I decided to forgive me, others, whomever, whatever. Even wrote those two words on a sticky note. Stuck in on upper left corner of my laptop. lolol

Spectra  Dave The police officer was a royal mounted .Highly respected

Dave HEHE....you know where Salt Spring Island IS......?

Spectra  sheila Shiela ive spent my entire life forging people ...I have not stopped yet.Perhaps you really do not know me..

Spectra  sheila I am known for my forgiving heart amongst those who know me.

Professor Dinard  Spectra anger is a poison only to the one who holds it

Sheila  Spectra Don't know you. Was reflecting on my life and what I do to get past any sorrow that seeps into my holidays.

Dave  Professor Dinard Luv the GOOD EATS and Treats

Spectra  Professor Dinard I am not angry just stating information .There is a difference

Dave  Time OFF

Professor Dinard  sheila Today, we see our adversaries seeking to compromise the private communications of U.S. political campaigns, candidates and other political targets. Our adversaries also seek to compromise our election infrastructure, and we continue to monitor malicious cyber actors trying to gain access to U.S. state and federal networks, including those responsible for managing elections.

However, the diversity of election systems among the states, multiple checks and redundancies in those systems, and post-election auditing all make it extraordinarily difficult for foreign adversaries to broadly disrupt or change vote tallies without detection. https://www.dni.gov/index.php/newsroom/press-releases/item/2135-statement-by-ncsc-director-william-evanina-100-days-until-election-2020

Professor Dinard  That was from July 

Professor Dinard  Ahead of the 2020 U.S. elections, foreign states will continue to use covert and overt influence measures in their attempts to sway U.S. voters’ preferences and perspectives, shift U.S. policies, increase discord in the United States, and undermine the American people’s confidence in our democratic process.

They may also seek to compromise our election infrastructure for a range of possible purposes, such as interfering with the voting process, stealing sensitive data, or calling into question the validity of the election results. However, it would be difficult for our adversaries to interfere with or manipulate voting results at scale.

Many foreign actors have a preference for who wins the election, which they express through a range of overt and private statements; covert influence efforts are rarer. We are primarily concerned about the ongoing and potential activity by China, Russia, and Iran. https://www.dni.gov/index.php/newsroom/press-releases/item/2139-statement-by-ncsc-director-william-evanina-election-threat-update-for-the-american-public

Professor Dinard  They changed their tune a bit lol

Spectra  sheila Aww .Sorry to hear that.I over spent typically of me.I even lost my job right before christmas !

Sheila  Spectra no worries. am very happy. eating good, every other day. lost 20 pounds in less than 3 months. going to enjoy the next 2 weeks of holiday eats and family stuff. all is good.

Sheila   Professor Dinard Thinking we, the public, won't get to read that DNI Report from EO 13848, EO 13694, EO 13757 - not until game plans are executed. So we wait.

Professor Dinard   sheila I fear even if it does come out that theres proof that it got overturned in bidens favor that media will sweep it under rug or attack credibility of person giving report out and it'll lose its significance and nothing will happen with it

Sheila  Professor Dinard This is the DNI - T is still the prez and, don't forget, Commander in Chief.

Professor Dinard  sheila well see

Professor Dinard   I like how we live in a country where people living off of the money stolen from my paycheck are arguing about how much money to give people that they got from stealing from their paychecks all while blocking people from earning a paycheck

Professor Dinard  Govt is truly an intelligent construct. I see why people abide by their all my genius all the time

Professor Dinard  Mighty*

Spectra  Most of these people we pay in senate do not work for us...600 .00 does no one anything .

Spectra  They are trash in my opinion

Spectra  many people need help.Survival.The goverment killed millions of jobs...

Spectra  Like if they want shut then they need to cough up the money...

Spectra  Did you know children have never been more depressed right now. Thanks to them

Xyz   Central Bank: Change the value of the Iraqi dinar will be one-time only and will not be repeated

19-12-2020  Economy News – Baghdad   Economy News publishes the text of the Central Bank of Iraq’s statement on the change of the dollar’s exchange rate, and it says:

During the last months of this year, intense deliberations took place with the Prime Minister, the Minister of Finance and the Legislative Authority, regarding the general economic situation and the financial crisis that the public finances are going through due to low oil prices and production, and the economic and health challenges.

The Board of Directors of the Central Bank held a number of meetings, some of which were hosted by the Minister of Finance for the same purpose.

The Central Bank of Iraq would like to show the following:

1- The structural distortions in the Iraqi economy impoverished public finances and restricted the ability of reform sought by the government and the Ministry of Finance. It is not a coincidence that the financial situation is this bad, nor is it the product of the current or the previous year, but unfortunately it took root more than a decade and a half ago due to the policy leadership of the economy and the preference for political thinking and the priorities of politicians over economic thought and development priorities and the rules of the relationship between economic policy on the one hand and fiscal and monetary policies On the other hand ... the fiscal policy lagged behind, and the monetary policy was busy repairing the outputs of the confused fiscal policy.

2- The subordination of the economic and financial policy to the aspirations and concerns of politicians resulted in the last acceptable models of financial management in Iraq, and the role of that administration was limited to the distribution of oil resources to life-sustaining requirements such as salaries and operational requirements, and the Ministry of Finance did not address its roles and leadership p

Zig   As most of you reading this know by now  here has been only by "Invitation" lately....and our members are encouraged to invite others...however, I realize some readers out there may want to participate but have no way of obtaining an invitation....so I am going to try something which I have briefly tried before:

Giving you another way to become a member here and be able to post....Here it is: First please register: Click on "name" at the left side of the "message box" below and type your desired username....Next click on arrow at top right in box or hit enter....pick a password, etc....That is step one......

Step Two: Send me an email at ZigPlace@protonmail.com saying you have registered and what name....I will activate you and post in chat when I have done so....also will email you....after you know that you may log in and post....Log in the same way you registered.....click into message box to post....type then hit enter or click arrow at bottom right.....

That's it....May take a while for me to activate you as I do not use that email often....Whether or not this remains an option will depend on a couple of things....  :)

Zig   I am far from stupid and realize what may happen....lol....I do not use nor need that email....any trouble I will just delete that email address....no big deal for me....that is all I will say.....just experimenting..... :Roll eyes:

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

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