wmawhite
[Letter from BasNews Agency:]
Dear White, I would like to firstly thank you for following BasNews. As you may have notices, Our new Website was launched on 27th January and the section showing currency exchange rates into IQD may sometimes fail to function accurately. We are working and will fix it very soon. Here I send you the exchange rate in Erbil according to the local stock markets this evening: $1 = 1284 Iraqi Dinar €1 = 1360 Iraqi Dinar... Regards, Sardar Sattar...BasNews Agency.
______________________________________________________
BGG
______________________________________________________
BGG
[Any idea on Basnews this morning?]
They've (BASNews) already said - it's a mistake...
______________________________________________________
ADMINBILL
______________________________________________________
ADMINBILL
[...are we going to the bank today?]
NOT TODAY...I AM THINKING TOMORROW IT WILL START...AND MOVE THROUGH THE WEEK.
[Are your sources credible?]
I BELIEVE THEY ARE. I CERTAINLY HOPE SO.
______________________________________________________
tman23
______________________________________________________
tman23
Lets just say this...WE the USA just put a ban on ME travel Visa's... The POTUS just spoke with 5 world leaders today...AND he had the PM from England Friday... AND WE ARE AT THE END OF JANUARY... SO THINGS ARE MOVING FAST...AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS...SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
______________________________________________________
Breitling
______________________________________________________
Breitling
...they don’t need to be in the beginning of the year to change the value of their currency. It would probably be the most efficient if they did something at the beginning of the year but that’s never been an issue. They can just move the decimal over anytime they want. They can move the decimal over on their currency or they can move the decimal over on the books. They are reducing the note count in order to do that.
______________________________________________________
Delta
______________________________________________________
Delta
BasNews is an independent and multilingual news agency based in Erbil, the capital of the Kurdistan Region of Iraq.
[...do you think this is for real or a misprint...?]
I HAVE A Q FOR YOU: WHY news agency based in Erbil, the capital of the Kurdistan Region of Iraq show another currency?
______________________________________________________
wmawhite
______________________________________________________
wmawhite
[What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?]
When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing. Iraq will make the necessary changes when they are ready. My point is this...all of these concerns have zero effect upon this investment...and why? Because this investment is not about a country's immigration policy. Instead, it is about the value of a country's currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.
______________________________________________________
Kaperoni
______________________________________________________
Kaperoni
Article:
"Fatlawi directed questions verbally to the Governor of the Central Bank"
Quote:
"He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar."
Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions...which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.
______________________________________________________
tman23
______________________________________________________
tman23
[Is Basnews a credible and reliable site?]
Basnews has been around for YEARS...It is one of the most reliable reporting in Iraq...The server is located in San Francisco...The news editing had been done over the past 2 months out of England...There had been strange events to this during that time... The new website format came up in the middle of the day...Saturday...an observer of the rate would deem it a mistake...BUT...I will say this...That part of the site is not manually entered, it is a direct link to another site that does currency rates...just like the weather on the site, nobody manually enters 9 celcius today and cloudy...
______________________________________________________
wmawhite
______________________________________________________
wmawhite
Article quote:
"the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh."
It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful.
...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD...it determines its value.
______________________________________________________
Aggiedad77
______________________________________________________
Aggiedad77
I am of the opinion that something big is coming... Abadi appears to be undisturbed by the actions of Trump and is ok with just waiting...he knows I think more than he is allowing out... ...more is coming to the reserve...it's going to grow fat again...who remembers what it was before ISIS struck...somewhere north of $80 billion...it appears headed there again or maybe bigger...the BEST is yet to come.
______________________________________________________
BGG
______________________________________________________
BGG
Article quote:
"the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh."
[...does anyone know how long Mosul will be free?]
They are working on it now. ... IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
______________________________________________________
Kaperoni
______________________________________________________
Kaperoni
Article:
"A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank"
Quote:
"the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh."
Don't get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as "former glory" next year or the year after as the dinar appreciates gradually.
______________________________________________________
loop
______________________________________________________
loop
[What do you think about the Iraqi Thinking about not allowing any americans into there country. Because of trumps policy of not allowing people into the US.]
They will change the rate when it is in their best interest to do so. No matter what is going on over in the US.
I wake up every morning with a smile, because of where we are at with regards to this investment. ...Has Alak retracted his statements regards the lower denoms coming out in early 2017... NO. What did the Director of the Middle East Office of the World Bank say last month? "one of the richest countries in the world on the face of the earth." and "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts." ... What did Dennis Flannery of Citibank in Iraq say one of his missions is? "is to reconnect the country to global financial markets from which it has been estranged" ... Who asked Frank Baker Great Britains Ambassador arrange an introduction to the Gov CBI? British Banking Interests. ...What did the IMF just say about Iraqs progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA." These are only a few of the news items that all point to some type of major financial event on the horizon.. I for one am very excited and encouraged by the news coming out of Iraq.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
