.Zig’s Place Chat and News Friday AM 5-28-21

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

butterfly 2021-05-28 03:24 Shafaq News / The dollar strengthened further on Friday following its rise from more than four-month lows in recent sessions, as investors waited for U.S. inflation data to set the currency's direction, Reuters reported.

The U.S. dollar index picked up in the late Asian and early European session, trading up 0.1% on the day at 90.78 at 0740 GMT.

The United States and Britain have a public holiday on Monday, meaning the dollar's gains could be attributed to month-end demand.

.Zig’s Place Chat and News Thursday 5-27-21

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

sandyf BobbyC Now you may say it wasn’t a new currency in 2003 but in fact it was new because those new denominations weren’t around during Sadam’s days. Sounds new to me. It’s been the Iraqi Dinar since 1930 (?) and has gone thru major changes and to this day remains the Iraqi Dinar - You are obviously free to believe what you want. The Iraqi Dinar is the monetary unit of Iraq, not the currency.

The currency of Iraq is the IQD, and a currency can be issued in different series. The monetary unit of Turkey is the Lira, in 2006 they changed the currency from TRL to TRY, the monetary unit remained the Lira.

Zig’s Place Wednesday PM 5-26-21

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

Butterfly Iraqi Dinar/US Dollar auction results 5-26-2021

10K Iraqi Dinar notesThe results of the foreign currency sale window on Wednesday 5/26/2021, and executed today Sale date – Wednesday 5/26/2021 and executed today the details Amount

Total sale for purposes of enhancing funds abroad (transfers, credits) 140,850,000

Total cash sale 7,750,000 Total total sales 148,600,000

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

The cash sale price is ( 1460 ) dinars per dollar. cbi.iq/currency_auction/view/1031

.Zig’s Place Early Wednesday AM 5-26-21

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

BobbyC So per that article, floating the Dinar is of no benefit....duh. Either way they go, stay pegged

NORV BobbyC They will not float until the conditions are appropriate. But floating is what countries do. So Iraq will float...the questions is when are the conditions appropriate? First they need to diversify and launch a private sector, then they need pressure create on the CBI's capital account from investment. They need laws to encourage this investment. In other words, they are not ready.

NORV :Float: :Float:

BobbyC NORV I get the fact that they are not ready. Some say that if they were going to re denominate, why not just do it. Reasoning is they still have to have a monetary and economic policy that supports such a move. Monetary wise ya have to look at the weakness of the Banking Sector and amount of currency in and out of those Banks. Economy wise look at the dependency on oil revenue and no economic growth. So if they were to place the IQD as a currency reserve why a Peg?

.Zig’s Place Late Tuesday PM 5-25-21

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

Butterfly Harb: The Security Council’s entry into the elections made it impossible to postpone

18:25 – 25/05/2021 Harb - The Security Councils entry into the elections made it impossible to postponeInformation / Special … The legal expert, Tariq Harb, confirmed, on Tuesday, the impossibility of postponing the election date again after the Security Council entered into the matter.

“It is impossible to postpone the elections again after Iraq sends 3 letters of recommendation to the UN Security Council to supervise and monitor the upcoming parliamentary elections ,” Harb said in a statement to the agency .

He added, “If the matter was only to inform the council about holding the elections, it would have been possible to postpone them, but after setting a date and informing the United Nations of this date, it became impossible to postpone it.” He pointed out that “the Security Council will reject any proposal to postpone the elections due to the provision of a cadre and its equipment for supervision or monitoring.” almaalomah.org

.Zig’s Place Late Night / Early AM Tuesday 5-25-21

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

Sandyf @BobbyC It's been the IQD since the early 1900's I see no reason why that will change. - The reason would be exactly the same as many other countries that have changed the ISO code, Redenomination. Zimbabwe in its relatively short life had had 4 currencies, ZWD,ZWN,ZWR and the latest ZWL. Everyone calls it the ZIM because they do not understand ISO codes or the difference between an active currency and a discontinued one. Everyone in dinarland will have to give a shxx if the IQD becomes discontinued through redenomination.

.Zig’s Place Chat and News Sunday PM 5-23-21

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

BobbyC Favorites · tr2Sponsoraedhh ·

We posted the post below on May 4 to talk about Iraqi smuggled funds abroad. Today, Mr. President of the Republic introduced a bill on recovery of corruption funds. We repost the topic as a reminder of the proposed solutions...

Disclosure of a diplomatic movement to retrieve Iraqi funds from abroad

Of course, the topic is very important but complicated.

Here I will try to brief the matter by how many points are necessary.

First, we must know the sources of this money and the most important stages that have passed in Iraq.

The first stage, the post-Kuwait war and the period of international sanctions against Iraq.

Among the international sanctions was the freezing of Iraqi funds and assets abroad, and there was also debt to Iraq on some countries that stopped paying!

Zig’s Place Chat and News Sunday AM 5-23-21

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

BobbyC Dear Colleague, You are cordially invited to join the World Bank in the launch of their latest publication, ‘Addressing the Human Capital Crisis: A Public Expenditure Review for Human Development Sectors in Iraq’, to be held live in the Babylon Hotel, Baghdad, on May 31st-June 1st, and streamed live and on demand across the globe.

Iraq is facing a human capital crisis. As an early leader and investor in health & education (H&E), the country has fallen behind. Iraq spends the lowest share of public budget on H&E compared to MENA and upper Middle-Income countries. With limited public expenditure and questions over its efficiency, effectiveness and equity, poor quality services and macroeconomic challenges, Iraq is in need of immediate actions to achieve better human capital outcomes and subsequent long-term economic growth and diversification.

.Zig’s Place Chat and News Saturday AM 5-22-21

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

butterfly While exact figures are "very challenging to determine", Elliptic estimates are based on data collected on Bitcoin miners by the Cambridge Centre for Alternative Finance up to April 2020 and statements from Iran's state-controlled power generation company in January, which showed that up to 600 megawatts of electricity was being consumed by miners.

Bitcoin and other cryptocurrencies are created through a process known as mining, where powerful computers compete with each other to solve complex mathematical problems. The process is energy intensive, often relying on electricity generated by fossil fuels, of which Iran has a rich supply.

.Zig’s Place Chat and News Friday PM 5-21-21

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

butterfly He affirmed the steadfast and principled position of the Iraqi government and people and its unlimited support for the just Palestinian cause, whose sons have been making sacrifices for generations and great material losses, to preserve their inalienable right to establish their independent state, with honorable Jerusalem as its capital, in accordance with international resolutions.

He continued, as Iraq condemns the illegal and illegal decisions issued by the Israeli occupation regarding Al-Quds Al-Sharif, and totally rejects the prejudice to the historical right to the land of Palestine.

.Zig’s Place Chat and News Friday AM 5-21-21

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

Butterfly 2021-05-21 04:20 Shafaq News/ The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders' concerns about taper talk in Federal Reserve minutes faded, though a pullback in commodity prices and nervousness about virus outbreaks kept losses in check.

The dollar has given back a bounce it made after a mention of possible future discussions on paring back stimulus, in minutes from the Fed's April meeting, prompted fears of early rate rises. Investors now figure that any action remains a long way off and that the path might again be clear for a resumption of April's downtrend as the U.S. trade and account deficits weigh.