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dollarsign
11-08-2017, 02:52 PM
A SIMULATION OF THE DINAR EXCHANGE RATE LINKED TO A BASKET OF CURENCIES


A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi

at the end of this it says click here, IF THERE ARE ANY TRANSLATORS OUT THERE, NOW IS THE TIME TO GET TO WORK! THIS MAY WELL BE THE PRELUDE OF WHAT IS ABOUT TO HAPPEN! LET'S GET TO WORK FOLKS! THIS COULD TELL US WHAT WE NEED! :cool:;):o:) THIS IS CALLED SIGNALING FOLKS! PARTY TIME MAY BE UPON US!!!

IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075

APPLY THESE WEIGHTS, divide by 5, AND ONE CAN GET A RATE!

https://cbi.iq/news/view/462

$

40plus
11-09-2017, 12:30 AM
Here's hoping. Nice post DS, thanks.

PennStateMtnMan
11-09-2017, 01:53 AM
This is where I wish I would have taken numerous economics classes.

PennStateMtnMan
11-09-2017, 02:24 AM
As much currency that is in the United States, you would think Trump would want the dinar to go up and up and up. The economy would flourish.

dollarsign
11-09-2017, 04:34 AM
It will flourish PennStateMtnMan. It is NO accident that the exact five currencies that were used in this basket last converged when we entered Iraq. (pg. 11 of the CBI document)

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pirata
11-09-2017, 12:02 PM
It will flourish PennStateMtnMan. It is NO accident that the exact five currencies that were used in this basket last converged when we entered Iraq. (pg. 11 of the CBI document)

$

This is the best news in the last years plus add the meeting in Baghdad Dec 2&3:cool::cool:

dollarsign
11-09-2017, 01:49 PM
This is the best news in the last years plus add the meeting in Baghdad Dec 2&3:cool::cool:

Raw data doesn't lie pirata, this is the basket, as published by the CBI, on which the market (not the program rate) will hit the market. This is great!

​$

Will-it-happen?
11-09-2017, 02:47 PM
Raw data doesn't lie pirata, this is the basket, as published by the CBI, on which the market (not the program rate) will hit the market. This is great!

​$

But when ???

Soon ???

exso
11-09-2017, 03:35 PM
Why do we have to divide by 5? This is great news but can someone explain a little for those of us who aren't as knowledgeable in currency exchange.
Thank you!




A SIMULATION OF THE DINAR EXCHANGE RATE LINKED TO A BASKET OF CURENCIES


A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi

at the end of this it says click here, IF THERE ARE ANY TRANSLATORS OUT THERE, NOW IS THE TIME TO GET TO WORK! THIS MAY WELL BE THE PRELUDE OF WHAT IS ABOUT TO HAPPEN! LET'S GET TO WORK FOLKS! THIS COULD TELL US WHAT WE NEED! :cool:;):o:) THIS IS CALLED SIGNALING FOLKS! PARTY TIME MAY BE UPON US!!!

IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075

APPLY THESE WEIGHTS, divide by 5, AND ONE CAN GET A RATE!

https://cbi.iq/news/view/462

$

dollarsign
11-09-2017, 03:54 PM
But when ???

Soon ???The time that it will get the IMF ok to be subjected to the laws of supply and demand will be cose-held information, as it would immediately affect currency markets. Anyone who claims to know is lying. But the fact that the exact curency basket was put in the public domain by the CBI dictates that it won't be long.


$

dollarsign
11-09-2017, 04:05 PM
Hi exso. Because the final rate will be an average of the currency basket listed by the CBI model, that is why we must divide by the number of currencies that will be used. x % of a U.S. dollar, x % of the British pound, x % of the Swiss Franc, X % of the Euro, and X % of the Yen when added, is projected to be the opening value of one IQD. So the average of the percentage those currencies, (there are 5) will be the opening rate, according to the CBI. :)

$

spacetuna
11-09-2017, 04:14 PM
I think it will be released with Trump's "Mystery Peace Plan" at the beginning of next year.

https://www.axios.com/trumps-mystery-plan-for-mideast-peace-2507223543.html

guardian
11-10-2017, 01:23 AM
at the end of this it says click here, IF THERE ARE ANY TRANSLATORS OUT THERE, NOW IS THE TIME TO GET TO WORK! THIS MAY WELL BE THE PRELUDE OF WHAT IS ABOUT TO HAPPEN! LET'S GET TO WORK FOLKS! THIS COULD TELL US WHAT WE NEED! :cool:;):o:) THIS IS CALLED SIGNALING FOLKS! PARTY TIME MAY BE UPON US!!!

$


Surprise! Google Translated the .pdf:

1 A simulation of the dinar exchange rate linked to a basket of currencies Dr. Ahmed Abrehi Ali Introduction: The stabilization of the national currency by a basket of currencies that is among the world's exchange-rate regimes, together with strict or flexible bilateral bonds. Therefore It is proposed to link the dinar exchange rate with a basket of major currencies, international reserve currencies, and dominant foreign trade and capital markets besides U.S. dollar. But Iraq has been used to favoring bilateral ties in its monetary history and to this day. It is no secret to the followers of the argument of bilateral linkage and dollar in particular That the supplier of foreign currency to Iraq is in dollars first, and secondly the dollar is often in the official international reserves and by about 65 percent in Third, Iraq's foreign trade is dependent on the dollar's currency even with neighboring and Asian countries, and the fourth most countries depend on the dollar to intervene in the market Exchange is called the intervention currency, and in Iraq also operates the window of the central bank in dollars and so we call the currency of the window. However, it is necessary to interact with the proposed basket of currencies and to discover the patterns of exchange rate movement under this system, and for this we have conducted this simulation experiment so that For those interested and decision-makers to consider the performance of this system and how it differs from the bilateral link. The exchange rate of the dinar linked to a basket of currencies of varying weights: In this note, a review of the exchange rate of the euro, pound, yen and Swiss currency against the dollar since the beginning of 1999. Then we assumed Linking the Iraqi dinar basket of currencies by three alternatives to weights between January 1, 1999, the beginning of the euro, and until the beginning of the tenth of 2017. The weights are: First: 65% to the dollar; 20% to the euro; and the remaining 5% to each. Second: 60% for the dollar; 20% for the euro; 10% for the sterling; and 5% for both Swiss and Japanese.

guardian
11-10-2017, 01:36 AM
Hold on there's more pages. I'll post them below. (There are graphs where only parts translated over.)

guardian
11-10-2017, 01:47 AM
2 Third: 50% to the dollar; 25% to the euro; 10% to the pound; 7.5% to the Swiss and Japanese. Then, the exchange rates of the dinar were calculated according to the linkage to these baskets. To carry out the simulations we assumed starting from the beginning of 2012, and points can be chosen Start again and recalculate but that does not affect the pattern of movement up and down. It is important to indicate the results of the commitment to the basket of currencies and their weights in the exchange rate calculation, And within a period of time sufficient for the emergence of cyclical changes and fluctuations in the relationship between the major currencies in the world. At the starting point, the first day of the first month For the year the dollar was 1200 dinars, ie the moment of transition from the binary system to the basket. The exchange rates of other currencies change in dinars according to their exchange rates In dollars. The result is shown in the table at the end of this note, which shows how much the exchange rate (JD / $) will be based on the basket of currencies and their stated weights. Below is a summary of the experiment with the assumption that the exchange rate of another primary is 1700 dinars to the dollar. The proposal to adopt a basket of currencies instead of bilateral linkage means the change in the dollar exchange rate in dinars according to the exchange rate of the currencies of the basket against the dollar. How many will be Change ranges, this is what you find in the table. When pricing the euro or sterling in dinars it depends on the exchange rates between those currencies and the dollar, for example: Dollars per euro multiplied by dinars to the dollar and so on. So that the dealer who turned the dinar to the euro and then to the dollar recovers the amount of the dinar He used it to buy the euro when converting dollars into dinars at the same market moment. You notice that the euro exchange rate with the dollar is cyclical, and generally exclude the chronic trend down and upward exchange rates of all currencies for related reasons Productivity and costs and consequently export prices and balance of payments accordingly. Therefore, the adoption of the basket does not guarantee a specific direction for the exchange rate of the dollar, or any Other currency, in dinars. And when the basket is adopted, it does not require changing the exchange rate daily, but enough per week or monthly. These accounts and data presentations for clarification, and knowledge of the quantitative scope of the issue under discussion. When you switch to a basket, you have to agree on the currency Weights and why. The weights assumed in this note are close to the first alternative of the components of Iraq's international reserves. Relative components can be considered For currencies in foreign trade or other weights for proposal.

3 Table (1) Summary of exchange rate simulation results (JDs) when linked to a basket of currencies From the assumed time horizon until October 2017 Hypotheses And data From January 1999 From January 2005 From January 2011 Binary connectivity In dollars Starting price alternative the first alternative The second alternative the third alternative the first alternative The second alternative the third alternative the first alternative The second alternative the third Average 1255 1253 1278 1225 1223 1237 1231 1232 1244 1200 Minimum 1155 1145 1139 1155 1145 1139 1155 1152 1139 1200 the above 1385 1329 1463 1298 1311 1342 1298 1311 1342 1200 Average 1224 1222 1246 1194 1192 1206 1200 1201 1213 1170 The lowest 1126 1116 1111 1126 1116 1111 1126 1123 1111 1170 the above 1350 1296 1296 1266 1278 1308 1266 1278 1308 1170

4 Figure (1) Exchange Rate Movement between January 2005 and October 2017: Simulating the peg of the basket of currencies Conclusions:

5 Experience has shown that the exchange rate of the dinar in relation to a basket of major currencies does not move far from the average of the levels of bilateral linkage. It is also impossible to ascertain the direction Regular rise or fall of the dinar exchange rate with the dollar and for a long time when the basket of currencies is committed. And also notes the oscillation that fade with it, almost, advantages Installation as long as the window uses one foreign currency. And to the distinguished readers of specialists and others, we present these data and accounts, and can re-experiment with any Other hypotheses they see fit. Statistical Appendix Figure (2) The euro exchange rate in dollars since the beginning of 2016 YearMonth20172016OctJulAprJanOctJulAprJan1.2001.17 51.1501.1251.1001.0751.050US $ / Euro 3US $ / Euro 2016-2017

6 Figure (3) Euro exchange rate in dollars YearMonth2014200820021996199019841978DecDecDecDecD ecDecDec1.61.41.21.00.80.6US $ / EuroUS $ / euro exchange rate Monthly data

7 Figure (4) Swiss Currency Exchange Rate. YearMonth2013200619991992198519781971JanJanJanJanJ anJanJan1.21.00.00.80.60.40.2US $ / Swiss Currency unitUS $ / Swiss Currency unit monthly data / Swiss Currency unitUS $ / Swiss Currency unit monthly data

8 Figure (5) The exchange rate of the pound sterling in dollars US $ / GBPUSD / GBP exchange rate Annual Data

9 Figure (6) The exchange rate of the yen in dollars YearQuarter2013200619991992198519781971Q1Q1Q1Q1Q1Q 1Q10.0140.0120.0100.0080.0060.0040.002US $ / YenUS $ / Yen Quarterly data

10 Figure (7) Euro and Swiss Currency Exchange Rates: US Dollar

guardian
11-10-2017, 01:59 AM
11 Figure (8) The four currency exchange rates in dollars: record numbers

12 Figure (9) The exchange rate of the dollar in Iraqi dinar according to the three alternatives to the weights of the basket: record numbers IQ per Us $ index Weight: US $ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.05

13 IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05 IQ per US $ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075 Table (2) Exchange rate: JD to the dollar (as of January 1, 2012 the dollar equals 1200 Iraqi dinars) According to three weight variants listed above.IQ per US $
IQ D per US $ 2
Iq D per Us D 3
Month/ Year
1281
1277
1313
1999-01-01
1294
1291
1331
1999-02-01
1305
1302
1346
1999-03-01
1311
1309
1355
1999-04-01
1314
1312
1359
1999-05-01
1321
1320
1369
1999-06-01
1322
1321
1371
1999-07-01
1310
1308
1353
1999-08-01
1309
1306
1350
1999-09-01
1300
1296
1338
1999-10-01
1312
1310
1354
1999-11-01
1317
1315
1361
1999-12-01
1318
1315
1362
2000-01-01
1331
1329
1381
2000-02-01
1335
1334
1387
2000-03-01
1339
1339
1393
2000-04-01

14
1356
1358
1418
2000-05-01
1341
1343
1397
2000-06-01
1345
1348
1403
2000-07-01
1357
1360
1420
2000-08-01
1368
1374
1438
2000-09-01
1374
1379
1444
2000-10-01
1375
1381
1447
2000-11-01
1361
1366
1427
2000-12-01
1352
1355
1414
2001-01-01
1358
1363
1424
2001-02-01
1365
1371
1435
2001-03-01
1372
1378
1444
2001-04-01
1377
1383
1451
2001-05-01
1385
1392
1464
2001-06-01
1382
1389
1460
2001-07-01
1367
1373
1437
2001-08-01
1360
1364
1426
2001-09-01
1364
1369
1432
2001-10-01
1370
1376
1441
2001-11-01
1372
1377
1444
2001-12-01
1377
1383
1453
2002-01-01
1382
1389
1460
2002-02-01
1379
1385
1455
2002-03-01
1374
1380
1448
2002-04-01
1361
1366
1428
2002-05-01
1347
1350
1407
2002-06-01
1329
1329
1380
2002-07-01
1335
1336
1389
2002-08-01
1335
1335
1388
2002-09-01
1336
1336
1390
2002-10-01
1328
1328
1379
2002-11-01

15
1322
1321
1370
2002-12-01
1306
1304
1347
2003-01-01
1303
1301
1343
2003-02-01
1303
1302
1344
2003-03-01
1303
1303
1345
2003-04-01
1281
1279
1314
2003-05-01
1278
1274
1309
2003-06-01
1289
1286
1324
2003-07-01
1295
1294
1334
2003-08-01
1290
1287
1325
2003-09-01
1272
1267
1299
2003-10-01
1272
1267
1298
2003-11-01
1252
1245
1271
2003-12-01
1240
1231
1254
2004-01-01
1239
1228
1251
2004-02-01
1252
1242
1268
2004-03-01
1259
1249
1278
2004-04-01
1261
1252
1282
2004-05-01
1253
1243
1270
2004-06-01
1250
1239
1265
2004-07-01
1253
1244
1271
2004-08-01
1254
1245
1272
2004-09-01
1245
1236
1260
2004-10-01
1227
1216
1235
2004-11-01
1214
1201
1217
2004-12-01
1223
1212
1230
2005-01-01
1227
1215
1235
2005-02-01
1222
1210
1228
2005-03-01
1230
1217
1238
2005-04-01
1237
1226
1248
2005-05-01
1254
1244
1271
2005-06-01

16
1262
1255
1284
2005-07-01
1252
1244
1271
2005-08-01
1254
1245
1272
2005-09-01
1263
1255
1286
2005-10-01
1272
1266
1299
2005-11-01
1270
1263
1296
2005-12-01
1260
1253
1282
2006-01-01
1268
1261
1293
2006-02-01
1266
1259
1290
2006-03-01
1258
1251
1280
2006-04-01
1238
1227
1250
2006-05-01
1243
1233
1258
2006-06-01
1244
1233
1259
2006-07-01
1239
1227
1252
2006-08-01
1243
1231
1257
2006-09-01
1247
1235
1262
2006-10-01
1238
1225
1250
2006-11-01
1228
1214
1236
2006-12-01
1236
1221
1246
2007-01-01
1234
1219
1244
2007-02-01
1228
1214
1236
2007-03-01
1222
1207
1228
2007-04-01
1223
1208
1230
2007-05-01
1227
1211
1234
2007-06-01
1217
1200
1220
2007-07-01
1217
1201
1221
2007-08-01
1210
1194
1211
2007-09-01
1202
1185
1201
2007-10-01
1187
1170
1181
2007-11-01
1193
1178
1190
2007-12-01
1187
1173
1182
2008-01-01

17
1185
1171
1180
2008-02-01
1161
1147
1148
2008-03-01
1159
1145
1146
2008-04-01
1166
1153
1156
2008-05-01
1167
1153
1157
2008-06-01
1162
1148
1150
2008-07-01
1185
1174
1182
2008-08-01
1200
1191
1202
2008-09-01
1223
1218
1233
2008-10-01
1240
1241
1259
2008-11-01
1219
1221
1232
2008-12-01
1224
1227
1238
2009-01-01
1237
1242
1257
2009-02-01
1236
1241
1257
2009-03-01
1232
1235
1250
2009-04-01
1216
1216
1227
2009-05-01
1204
1201
1209
2009-06-01
1200
1197
1205
2009-07-01
1196
1193
1199
2009-08-01
1186
1184
1186
2009-09-01
1180
1178
1179
2009-10-01
1176
1172
1172
2009-11-01
1185
1182
1184
2009-12-01
1192
1190
1194
2010-01-01
1207
1207
1214
2010-02-01
1211
1213
1221
2010-03-01
1216
1217
1226
2010-04-01
1238
1242
1257
2010-05-01
1244
1247
1263
2010-06-01
1222
1223
1233
2010-07-01
1216
1216
1223
2010-08-01

18
1209
1208
1213
2010-09-01
1187
1186
1185
2010-10-01
1194
1192
1193
2010-11-01
1203
1203
1205
2010-12-01
1197
1197
1198
2011-01-01
1190
1188
1188
2011-02-01
1180
1178
1174
2011-03-01
1170
1167
1162
2011-04-01
1169
1166
1160
2011-05-01
1164
1161
1153
2011-06-01
1163
1161
1152
2011-07-01
1155
1152
1139
2011-08-01
1177
1177
1171
2011-09-01
1179
1179
1173
2011-10-01
1185
1184
1180
2011-11-01
1196
1195
1195
2011-12-01
1200
1200
1200
2012-01-01
1192
1191
1189
2012-02-01
1196
1195
1196
2012-03-01
1196
1194
1194
2012-04-01
1204
1202
1204
2012-05-01
1211
1211
1215
2012-06-01
1218
1218
1223
2012-07-01
1214
1213
1217
2012-08-01
1200
1198
1199
2012-09-01
1199
1197
1197
2012-10-01
1204
1203
1205
2012-11-01
1199
1197
1199
2012-12-01
1201
1199
1202
2013-01-01
1204
1205
1209
2013-02-01
1217
1219
1226
2013-03-01

19
1216
1217
1225
2013-04-01
1221
1222
1232
2013-05-01
1211
1212
1218
2013-06-01
1217
1219
1227
2013-07-01
1209
1209
1215
2013-08-01
1207
1206
1212
2013-09-01
1198
1196
1200
2013-10-01
1204
1202
1207
2013-11-01
1199
1196
1200
2013-12-01
1201
1198
1204
2014-01-01
1198
1195
1199
2014-02-01
1194
1190
1193
2014-03-01
1194
1190
1193
2014-04-01
1195
1191
1194
2014-05-01
1198
1194
1199
2014-06-01
1199
1194
1199
2014-07-01
1207
1202
1210
2014-08-01
1222
1219
1230
2014-09-01
1228
1227
1240
2014-10-01
1239
1238
1255
2014-11-01
1245
1245
1264
2014-12-01
1259
1260
1282
2015-01-01
1263
1264
1286
2015-02-01
1281
1284
1312
2015-03-01
1279
1281
1308
2015-04-01
1267
1268
1291
2015-05-01
1267
1267
1291
2015-06-01
1274
1274
1300
2015-07-01
1272
1272
1298
2015-08-01
1270
1271
1296
2015-09-01
1269
1270
1295
2015-10-01

20
1286
1288
1318
2015-11-01
1281
1284
1313
2015-12-01
1284
1289
1317
2016-01-01
1276
1281
1306
2016-02-01
1273
1278
1303
2016-03-01
1265
1269
1291
2016-04-01
1265
1269
1291
2016-05-01
1265
1271
1292
2016-06-01
1274
1283
1306
2016-07-01
1268
1277
1297
2016-08-01
1268
1277
1297
2016-09-01
1278
1291
1313
2016-10-01
1286
1299
1325
2016-11-01
1298
1311
1342
2016-12-01
1295
1308
1337
2017-01-01
1292
1305
1333
2017-02-01
1292
1305
1333
2017-03-01
1289
1300
1328
2017-04-01
1280
1290
1316
2017-05-01
1274
1285
1307
2017-06-01
1267
1277
1298
2017-07-01
1260
1270
1289
2017-08-01
1257
1265
1284
2017-09-01
1263
1272
1293
2017-10-01

PennStateMtnMan
11-10-2017, 02:09 AM
So, if I am reading that correctly, it isn't really going to change the value that much. If I am wrong, please explain it to me.

dollarsign
11-10-2017, 02:49 PM
The largest source of income for Iraq is U.S. dollars because oil is priced in that currency. Adopting an exchange rate as close as possible to that, gives them global liquidity, and makes it prohibitively expensive for others to jump on the bandwagon when the rate is released.

​$

40plus
11-11-2017, 11:42 PM
The largest source of income for Iraq is U.S. dollars because oil is priced in that currency. Adopting an exchange rate as close as possible to that, gives them global liquidity, and makes it prohibitively expensive for others to jump on the bandwagon when the rate is released.

​$


Yeaaaaaa, Baby!!!

ETA
11-16-2017, 02:14 AM
Yeaaaaaa, Baby!!!

Nice maybe soon

ETA
11-16-2017, 02:18 AM
Hoping you are right, seems interesting. why the signal,You would think they'ed keep it hush , hush

dollarsign
11-22-2017, 02:06 PM
absolutely they would. The introduction of some sort of currency controls, (a limit of the amount that one could exchange per month) would mitigate the shock. Even more interesting, is the chart showing the last time the 5 currencies to be used in the proposed basket "converged" , was when the current Iraq war began.

​$

mike032588
11-25-2017, 06:02 PM
im so damn confused... what the hell is going on... i cant read arabic... and the pdf is not translatable.. can someone translate PLEASEE --- (Im about to dig into it)

dollarsign
12-01-2017, 08:46 PM
https://cbi.iq/static/uploads/up/file-150962352944489.pdf

This is from page 11 of the 20 pg. pdf from the CBI site. It happens to show the LAST time the basket of currencies the IMF said were being modeled to average out the potential value of the IQD converged. Those 5 currencies as shown by the grapf in the pdf. (convergence) coincides with the start of the present Iraq war.
Now on Nov. 27th (actually done on the 15th) we get this...
https://cbi.iq/news/view/509

Again, scroll down until you start to see English, it's a great read.

​$

exso
12-03-2017, 06:05 AM
Thank you! Been waiting a long time. Even divided by 5 makes me happy!



Hi exso. Because the final rate will be an average of the currency basket listed by the CBI model, that is why we must divide by the number of currencies that will be used. x % of a U.S. dollar, x % of the British pound, x % of the Swiss Franc, X % of the Euro, and X % of the Yen when added, is projected to be the opening value of one IQD. So the average of the percentage those currencies, (there are 5) will be the opening rate, according to the CBI. :)

$

ETA
12-03-2017, 04:30 PM
absolutely they would. The introduction of some sort of currency controls, (a limit of the amount that one could exchange per month) would mitigate the shock. Even more interesting, is the chart showing the last time the 5 currencies to be used in the proposed basket "converged" , was when the current Iraq war began.

​$

I have always had great respect for you and the data in your threads that you bring forward to this site. We all know at some point this currency must enter the free market place and be drirven by supply and demand.the most sensable thing to do would be to loop and make no one rich.there were no euros in circulation when the price was set at 85. ? in your opinion what is it that makes you feel this could be set at a rate without a loop that makes a lot of people wealth, feel free to message me privately ,or on site .thank you in advance to your response . ETA

dollarsign
12-03-2017, 05:47 PM
​No problem ETA, and thanks. One reason I feel people will make money is because of the FACTA data on the CBI site mid November. This gives the IRS information on Foreign Accounts, to include individuals (the FA in FACTA). The IRS would not collect such information if there were not going to be revenue streams to tax. The second reason, is something referred to as capital controls. If implemented, a lop is not needed. If the IFM agrees with the initial rate proposed by the CBI, (no, the CBI can't unilaterally initiate a rate. that right was given up the second they accessed SDRs, or Special Drawing Rights from the IMF) and there is a monthly limit imposed on the amount of dinars that could be exchanged for dollars, say for two years, that would put a max limit on what one could make from this. I.E. individuals limited to 500.000 IQD a month (just to keep the math simple, the Euro started at 85 cents to the dollar), over that hypothetical two year limit, the max anyone could make would be $12 mil. It wouldn't matter if one had 30 million IQDs, what they could actually realize would be limited by such a capital control, even if the IQD free floated over that 2 year period, there would still be a limit to protect the CBIs exposure. Additionally cash is listed as a liability on the balance sheet of the CBI just as it is here, or anywhere else that adheres to international banking standards.
What is exciting about FACTA being implemented, is if one reads through it, the IRS will be fully notified of account activity. The IRS has no need to keep track if they can't obtain revenue from a transaction. Finally, the exact 5 currencies to be used in the currency basket appearing on the CBI site, later accompanied by a graph clearly showing their values last converged exactly at the start of this current Iraq war has got to jump out at folks.
Just as one can get an equity loan (a liability) against the appreciation value in their home, a nation can do so against not only the current value, but future value of a commodity, in this case oil. If there is a 100 plus year reserve, the price of a barrel will be considerably more 60 years from now, and therefore enough to cover any initial hit from entering the global foreign exchange market. Hope this helps ETA, and thanks again. (can't wait to see how long it will take for this to show up on another site and presented as their research :D)


$

dollarsign
12-03-2017, 08:14 PM
https://cbi.iq/static/uploads/up/file-151178252165596.pdf

Why would something labeled"Strictly Private and Confidential" be on the CBI website. By the way PWC stands for Price Waterhouse Coopers. The final accounting for the CBI is signed off by E&Y, or Earnst and Young, all U.S. entities. Still think this is an accident?

​$

ETA
12-05-2017, 05:15 PM
https://cbi.iq/static/uploads/up/file-150962352944489.pdf

This is from page 11 of the 20 pg. pdf from the CBI site. It happens to show the LAST time the basket of currencies the IMF said were being modeled to average out the potential value of the IQD converged. Those 5 currencies as shown by the grapf in the pdf. (convergence) coincides with the start of the present Iraq war.
Now on Nov. 27th (actually done on the 15th) we get this...
https://cbi.iq/news/view/509

Again, scroll down until you start to see English, it's a great read.

​$

The graph kind of says a rate can anyone figure out a rate based on the basket

mike032588
12-06-2017, 09:19 PM
HELPP is this something we should be taking seriously?!!? I cant believe its on the CBI's Site... this is some exciting stuff.. can someone better explain what is happening lol

dollarsign
12-06-2017, 10:58 PM
I wish I could, but I'm in the same boat with you on this one. :)


​$

What If....
12-09-2017, 01:31 PM
After a lop it will be worth close to 1:1?

Their M2 is still 88+ trillion.

3 zero lop with an ISX correction of 2 zeros.

So 1k will be 10k shares worth 0.1, so 1k will turn into 100k over 30yrs(?)

JMO

Its funny some big time investor can't read some simple charts and tables

dollarsign
12-09-2017, 05:00 PM
actually, its up to the IMF, and no single person or country.


$

English Bob
12-12-2017, 12:29 PM
Looks to be mirroring the SDR.

Most CB's have SDR.............look it up!

http://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR


The respective weights of the US dollar, euro, Chinese renminbi, Japanese yen, and British pound sterling are 41.73 percent, 30.93 percent, 10.92 percent, 8.33 percent, and 8.09 percent. These weights were used to determine the amounts of each of the five currencies included in the new SDR valuation basket that took effect on October 1, 2016. These currency amounts will remain fixed over the five-year SDR valuation period (see daily SDR valuation (http://www.imf.org/external/np/fin/data/rms_sdrv.aspx)). Since currency amounts are fixed, the relative weight of currencies in the SDR basket can change during a valuation period, with weights rising (falling) for the currencies that appreciate (depreciate) relative to other currencies over time.
The next review is currently scheduled to take place by September 30, 2021, unless an earlier review is warranted by developments in the interim.



Sorry to be a killjoy!

They are just using a basket of currencies to measure the value instead of one currency.

EB

dollarsign
12-12-2017, 02:09 PM
That's the point. Banks that access SDRs from the IMF can't unilaterally decide to change the rate in a major way without IMF approval, or they lose access to that facility. Unlike you, I did look it up. The French had to learn that back in the day, and long ago I posted the exact batch of press releases that went out in 1947, when about 16 countries made major changes to the value of their currencies over a 4 day span.(also a post war period, I know you're to slow to catch that) Each one states clearly "The Central Bank requests, and THE FUND CONCURS". Without IMF buy in, it didn't happen. France at another time unilaterally made such a change, and lost access to the SDR facility for a period of time. Good try, but you should know by now, I do my research... The press releases are in my initial thread, look it up.

​$
Most any banks that access
Looks to be mirroring the SDR.


http://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR


The respective weights of the US dollar, euro, Chinese renminbi, Japanese yen, and British pound sterling are 41.73 percent, 30.93 percent, 10.92 percent, 8.33 percent, and 8.09 percent.These weights were used to determine the amounts of each of the five currencies included in the new SDR valuation basket that took effect on October 1, 2016. These currency amounts will remain fixed over the five-year SDR valuation period (see daily SDR valuation (http://www.imf.org/external/np/fin/data/rms_sdrv.aspx)). Since currency amounts are fixed, the relative weight of currencies in the SDR basket can change during a valuation period, with weights rising (falling) for the currencies that appreciate (depreciate) relative to other currencies over time.
The next review is currently scheduled to take place by September 30, 2021, unless an earlier review is warranted by developments in the interim.



Sorry to be a killjoy!

They are just using a basket of currencies to measure the value instead of one currency.

EB

English Bob
12-12-2017, 02:19 PM
That's the point. Banks that access SDRs from the IMF can't unilaterally decide to change the rate in a major way without IMF approval, or they lose access to that facility. Unlike you, I did look it up. The French had to learn that back in the day, and long ago I posted the exact batch of press releases that went out in 1947, when about 16 countries made major changes to the value of their currencies over a 4 day span.(also a post war period, I know you're to slow to catch that) Each one states clearly "The Central Bank requests, and THE FUND CONCURS". Without IMF buy in, it didn't happen. France at another time unilaterally made such a change, and lost access to the SDR facility for a period of time. Good try, but you should know by now, I do my research... The press releases are in my initial thread, look it up.

​$
Most any banks that access


Not slow to catch, They are just measuring the value of the Iraq Dinar against the the currencies as specified, nothing new.

So no Here we go!!

EB

English Bob
12-12-2017, 02:22 PM
actually, its up to the IMF, and no single person or country.


$





Wrong again it's a collection of person's and countries Not the IMF per say!

http://www.imf.org/en/About/Factsheets/Sheets/2016/07/27/15/24/How-the-IMF-Makes-Decisions

https://www.imf.org/external/np/sec/memdir/eds.aspx

https://www.imf.org/external/np/sec/memdir/members.aspx

EB

dollarsign
12-12-2017, 06:44 PM
you must really be lonely Bob...I can see why. :)

​$

40plus
12-13-2017, 04:42 AM
Perhaps time was needed for not-so-secret combinations to position the 9 trillion USD "lost" from the FED...possibly first buried in those foreign currency reserves sent to all the Central Banks by Bush and then fast forwarded..like, on steroids to friendly players by O-bla-bla?

Now that it's all been laundered into clean, crisp new dinar, the swamp rats can bring this latest and probably largest ever single heist to a conclusion and make Earth-changing, astronomical profits.

9 Trillion USD buys ?X? dinar...multiplied by an RV (not lop) and the big boys can finally let the Dollar, the USA and 90% of her people crash and burn. While the carnage ensues, they will be free and clear of it, sitting poolside in some Dubai high-rise owning the world's most stable new currency (ALL of it) from money they stole from us 'fair & square' because we didn't stop them.

As the dust settles, they can come back to clean up the mess in America (costing chump change), convert the survivors into obedient (read unarmed) slaves or soilant green and start the whole game over again.

....I think it's time for my medication..ahhhhhh, nice..zzzzzzz

dollarsign
12-13-2017, 06:06 PM
https://cbi.iq/news/view/528

His Excellency the Governor of the Central Bank of Iraq, Ali Mohsen Ismail, preside a financial and banking delegation to the Kingdom of Saudi Arabia upon the invitation of the Saudi Arabian Monetary Authority.The delegation will discuss the prospects of cooperation between the two countries, especially regarding the development of banking relations between Riyadh and Baghdad and the creation of investment opportunities between the two countries.


the pace quickens


$

dollarsign
12-28-2017, 01:04 PM
http://www.uniraq.org/index.php?lang=en


Resolution 2390 (2017)Adopted by the Security Council at its 8126th meeting, on8 December 2017

The Security Council,
Recalling its resolutions 1958 (2010) and 2335 (2016),

Acknowledging receipt of the final report of the Secretary-General pursuant to paragraph 4 of Security Council resolution 2335 (2016), S/2017/820,
1. Welcomes the implementing arrangements entered into by the Secretary General and the Government of Iraq as requested in paragraph 7 of Security Council resolution 1958 (2010);

2. Also welcomes that the remaining funds in the escrow accounts established pursuant to paragraphs 3–5 of Security Council resolution 1958 (2010)have been transferred to the Government of Iraq pursuant to Security Council resolution 2335 (2016);

3. Concludes that all the measures imposed by the Security Council in resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations have been fully implemented by the parties.

$

spacetuna
12-28-2017, 02:34 PM
https://www.treasury.gov/resource-center/sanctions/Programs/Documents/FR_amended_Iraq_Stabilization_Regulations_122717.p df

dollarsign
12-28-2017, 04:54 PM
the last 6 weeks of this year have been very busy.

​$

dollarsign
01-16-2018, 12:50 AM
Progress...

https://cbi.iq/news/view/561


​$

Will-it-happen?
01-16-2018, 08:56 AM
Progress...

https://cbi.iq/news/view/561


​$

That link no work

dollarsign
01-16-2018, 04:13 PM
it's on the CBI site Will-it-happen, not sure what was up with the link, apologies...

Based on the objectives of the strategic plan of the Central Bank of Iraq (2016-2020), including the aim of strengthening institutional relations, the Center for Banking Studies in the Central Bank of Iraq and in cooperation with the Iraqi Stock Exchange to implement a training program for staff of the Iraqi Fund for Foreign Development, which was the subject of Investment portfolios and trading in stocks, bonds and currency markets).The training program held in the Iraqi Stock Exchange will be in phases, starting with the first stage on 2018/1/14 and continuing until 2018/1/18.

$

dollarsign
01-30-2018, 06:25 PM
Deputy Secretary Sullivan emphasized that the upcoming Iraq Reconstruction Conference in Kuwait will provide an important opportunity for the Government of Iraq to showcase attractive investment opportunities for foreign investors, including many American companies, and to demonstrate that Iraq is open for business.
In his meeting with Foreign Minister Jaafari, the Deputy Secretary discussed U.S.-Iraq relations in the post-ISIS era and the important role the Strategic Framework Agreement will play to strengthen and deepen our strategic cooperation with Iraq.


Near East: Deputy Secretary John J. Sullivan's Meetings in Iraq (https://nam01.safelinks.protection.outlook.com/?url=http%3A%2F%2Flinks.govdelivery.com%3A80%2Ftra ck%3Ftype%3Dclick%26enid%3DZWFzPTEmbWFpbGluZ2lkPTI wMTgwMTI5Ljg0NDYxNzYxJm1lc3NhZ2VpZD1NREItUFJELUJVT C0yMDE4MDEyOS44NDQ2MTc2MSZkYXRhYmFzZWlkPTEwMDEmc2V yaWFsPTE3MjQzMjg4JmVtYWlsaWQ9bmdzbWFzaEBob3RtYWlsL mNvbSZ1c2VyaWQ9bmdzbWFzaEBob3RtYWlsLmNvbSZmbD0mZXh 0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm%26%26%26100%26%26%26 http%3A%2F%2Fwww.state.gov%2Fr%2Fpa%2Fprs%2Fps%2F2 018%2F01%2F277743.htm&data=02%7C01%7C%7C30d54d8f5bd34277a83508d56762a931 %7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C6365 28595795675371&sdata=bPoG%2FSgZett91oneem3KpxV6axT3EX5ZlkJFPsKJiK g%3D&reserved=0)
01/29/2018 03:19 PM EST

dollarsign
01-30-2018, 06:50 PM
https://cbi.iq/static/uploads/news-151722205135069.jpgThe Central Bank of Iraq announces a public auction for the sale of ((counting machines and sorting and currency packs)) under the Law of Sale and Rent No. (21) for the year 2013. Invites those wishing to participate in public bidding to attend the building of the Central Bank of Iraq / Rashid Street on Sunday, 2018 / 2/18 at 10 am according to the following conditions:

A certified instrument for the order of the Central Bank of Iraq in the amount of (1.260.000) million and two hundred and sixty thousand Iraqi dinars, which represents 20% of the value of the estimated value of the machines are not allowed to enter the auction without providing insurance.
Original and photocopy documents of the baker.
The bidder shall bear the fees of publishing the advertisement and the fees of the mark by 2%.




​$

dollarsign
02-13-2018, 10:08 AM
Then...

[QUOTE=dollarsign;46850]A SIMULATION OF THE DINAR EXCHANGE RATE LINKED TO A BASKET OF CURENCIES
A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with
weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi

IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075


https://cbi.iq/news/view/462


and Now...

The first five currencies listed on Khaleej Times,
EXCHANGE RATE(AED) Updated 6 hours ago...
Feb 13, 2018 | *Rates supplied by UAE Exchange Centre L.L.C.



CURRENCIES
UAE
QATAR
OMAN



BUY
SELL
BUY
SELL
BUY
SELL


US DOLLAR
3.6730
3.6730
3.6400
3.6410
0.3850
0.3850


EURO
4.5063
4.5236
4.4685
4.4857
0.4724
0.4742


GB STERLING
5.0743
5.1082
5.0318
5.0653
0.5320
0.5355


SWISS FRANC
3.9090
3.9183
3.8762
3.8854
0.4098
0.4108


JAPAN YEN
0.0337
0.0339
0.0335
0.0336
0.0035
0.003




match the simulation basket proposed for the IQD, nice.
https://www.khaleejtimes.com/gold-forex

$

James
02-13-2018, 11:57 AM
Thanks for that uplifting news!

mike032588
02-14-2018, 12:21 AM
What does it mean tho?!?!

dollarsign
02-14-2018, 03:23 AM
ease of integration into a greater financial system.

​$

dinar shore
02-14-2018, 04:19 AM
But when... dollarsign ? I hope I am wrong but I think 8 years of Obama let Iran infiltrate into the Iraqi banking and other critical parts of their government. I want to be wrong on this.

dollarsign
02-14-2018, 01:50 PM
Iran, after decades of heavy sanctions doesn't have the capacity to build the "free and prosperous" Iraq that Bush often alluded to, and wouldn't seem to gain from having influence over a failed state. Better to let us do that heavy lifting, then swoop in full force. (their republican guard had been sniffing around for years laying ground work) The present administration doesn't seem to understand that slashing the Dept. of State 30% would kill anything we're waiting for, by gutting USAID. That is the agency within the Dept. of State where the money to train the Iraqi banking system, CBI down, and help modernize the ISX comes from. It is how the Bush administration's goals for the "prosperous" part in free and prosperous, would be realized.
We would face the whole Shia (iran) Sunni (Saudi) battle for influence with/on their neighbor regardless of who was in office, and de-Baathification after shock and awe (removal of virtually all Sunnis (saddam's cronies) from military leadership certainly poured gas on a fire that already existed. These ousted generals weren't going to go away, so they morph into ISIS. They seem to tear up each others cities, but haven't lobbed a single grenade at a supertanker, or tanker loading platform, which makes no sense on the surface, and no one even asks why? But my main focus is what happens to USAID, because if they're cut, and Iran or others take over training and building Iraqi financial institutions, we're all in trouble. Hopefully cooler heads prevail, and I have confidence they will.
As for when Dinar Shore, many moves were made from November 2017 to the end of the year with U.N. sanction removal etc. that seem to pave the way for integration into the global financial system (Section V sub. para. 4 of the Strategic Framework Agreement). Only wish I knew when,

$

dollarsign
02-22-2018, 10:44 AM
picking up the pace...

Baghdad, Iraq, February 20, 2018—IFC, a member of the World Bank Group, and the Central Bank of Iraq are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking sector.

IFC’s advisory services team will support the Central Bank in implementing its new mandatory corporate governance banking guidelines. IFC will initially train all key managers in the Central Bank and then roll out workshops to board members from all the country’s banks. Topics include understanding the unique nature of governance in the sector, the right composition of boards, and risk management best practice.
Aly Al Alaq, Governor of the Central bank said: “Helping banks implement sound corporate governance practices will increase the sector’s resilience and sustainability and make them more investment-friendly, enabling banks to not only boost efficiency, but also increase profit.”
​$

dollarsign
03-01-2018, 08:25 AM
https://cbi.iq/static/uploads/up/file-151981745731110.jpg

Will-it-happen?
03-01-2018, 02:09 PM
So Jan 2019 before warka open ?

Brazileiro
03-01-2018, 02:36 PM
So Jan 2019 before warka open ?according to an email I received dated 3 Feb 2018 from Qismah Saleh Ali banking.supervision@cbi.iq , Acting Drector General of the Banking Supervision Office at the CBI, as of that date Warka Bank is NOT closed! But that was all the info the CBI had to say about Warka Bank other than for me to contact Warka Bank about their services.

If they are not closed they must be open, just not providing any of the services the CBI approved them to provide.

dollarsign
03-02-2018, 01:30 PM
I never followed warka because I never dealt with them at all. I just know that they were de-listed the same time basra international bank for investment was, and for the same reason, no money left. In warka's case the U.S. Army Corps of Engineers wrote a check for around $685k for completion of a hospital, and they didn't have the funds, nor any reserves to cover it. Iraqi govt. was mad at Shabibi for not keeping watch over the system and catching the problem. This was in one of the Special Inspector General for Iraqi Reconstruction reports to Congress, which was a quarterly report that ceased producion long ago. Completely lost track of them after that.
The document I posted just says all Iraqi banks will be SWIFT compliant before December of this year, which is a great thing.

$

spacetuna
03-05-2018, 01:31 PM
Important Law passed, creation of a National Oil Company-- https://www.reuters.com/article/us-iraq-oil/iraq-parliament-votes-to-create-national-oil-company-lawmakers-idUSKBN1GH1XB?rpc=401&

dollarsign
03-14-2018, 07:22 PM
LONDON (Reuters) - Iraq, OPEC’s second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in the country’s low-return environment slackens.




there are ways to fix this problem. how might their returns be increased? Hmmm...






​$

ETA
03-15-2018, 03:43 PM
LONDON (Reuters) - Iraq, OPEC’s second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in the country’s low-return environment slackens.




there are ways to fix this problem. how might their returns be increased? Hmmm...






​$

Hi dollar sign hope all is well with you I have a ? Is there return on investment paid in dollars or dinar and in your own thoughts how might they fix this TY IN ADVANCE

dollarsign
03-16-2018, 10:05 AM
I'll send you a p.m. later, but it looks really good.

​$

40plus
03-17-2018, 05:43 AM
I'll send you a p.m. later, but it looks really good.

​$

May I also get a copy? Your perspective is always welcome.

pirata
03-17-2018, 02:06 PM
Same here dollar

dollarsign
03-17-2018, 04:12 PM
pm sent, tks guys.

​$

Brazileiro
03-17-2018, 04:38 PM
send it my way too DS

dinar shore
03-18-2018, 06:19 AM
This is dinar shore. Can you please send me the email that others were also asking for it. I would appreciate if you would.

Thank you, dollarsign.

dinar shore (Carter)



pm sent, tks guys.

​$

spacetuna
03-18-2018, 09:34 PM
Me too please!

windy
03-19-2018, 03:25 PM
Please drop that PM to me as well. Thanks DS.

James
03-19-2018, 03:35 PM
Hi Dollarsign

Please drop that PM to me as well if you don't mind
Thanks James

calstar
03-19-2018, 06:09 PM
Same here please! Thanks.

dollarsign
03-20-2018, 05:59 PM
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit, payroll and vendor payments.

https://cbi.iq/news/view/634Workshops on the mechanism of raising the payroll file on the electronic clearing system (ACH) for days 1, 2, 2018/4/3


$

dollarsign
03-26-2018, 02:05 PM
Training course entitled "RTGS Payments System" for the period 8-2018 / 4/10





RTGS systems are typically used for high-value transactions that require and receive immediate clearing (https://en.wikipedia.org/wiki/Clearing_(finance)). In some countries the RTGS systems may be the only way to get same day cleared funds and so may be used when payments need to be settled urgently. However, most regular payments would not use a RTGS system, but instead would use a national payment system (https://en.wikipedia.org/wiki/Payment_system) or network that allows participants to batch and net payments. RTGS payments typically incur higher transaction costs and usually operated by a country's central bank (https://en.wikipedia.org/wiki/Central_bank).

The above CBI training course immediately after the ACH training is further proof that we are on the way to great things, as the training tempo on matters pertinent to global connectivity quickens in the first 10 days of April.

$

James
03-26-2018, 02:59 PM
Thanks for that positive information. Nice way to start off a Monday.

oldskiier
03-26-2018, 04:07 PM
Is this the Big oil Law We always were waiting for >>??

windy
03-26-2018, 04:10 PM
Appreciate the good news.

dollarsign
03-26-2018, 06:40 PM
Is this the Big oil Law We always were waiting for >>??

Hey Oldskiier. I don't know if it has anything to do with the oil and gas law, but what it will do when implemented, is link the CBI to the RTGS system. There is an entity that handles an average of $5 Trillion in FX per day that uses RTGS. The ACH system will allow the Iraqi Govt. to use the same system the the U.S. Federal, and some State Govts. use to pay their employees having direct deposit. It's a great thing. :)

​$

dollarsign
03-26-2018, 07:30 PM
Appreciate the good news.

Sure thing windy. :)

$

dollarsign
04-10-2018, 06:24 PM
https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates



Country
Currency
2017
2016
2015
2014
2013
2012






Iraq
Dinar

1241.677


1236.453


1231.234


1228.786


1225.266


1224.581















you have to make money to be taxed, otherwise IQD wouldn't be listed. iran isn't. other links there for those who want to explore...

$

James
04-11-2018, 01:37 AM
Thank for the info.

dollarsign
04-30-2018, 12:33 PM
very close...

Recently, the project of settling the salaries of state employees,based on the decisions of the General Secretariat of the Council of Ministers No. 313 and 281, the conversion of the system of payment of salaries to employees, including allocations and benefits to an electronic payment system. Through the opening of bank accounts for employees in banks (government and private and branches of foreign banks) and the issuance of debit cards linked to the account to withdraw the salary through ATMs or through the process of buying from points of sale at the lowest possible costs, as well as benefit from other banking services(such as loans, Online purchases, savings accounts, etc.). As this project contributed to the provision of liquidity within the banking sector and the optimum use of financial and banking services inside and outside Iraq.

https://cbi.iq/static/uploads/up/file-152326652419124.pdf


$

dollarsign
05-02-2018, 12:36 PM
your guess is as good as mine...

https://cbi.iq/news/view/687


​$

crazyfrank
05-02-2018, 12:41 PM
looking at the English translation on that page........... I am at a loss of why the CBI web site is posting an announcement about Polish currency, maybe we should have bought this?

The National Bank of Poland issued a commemorative banknote for amateurs of the class (20 zlotys), as follows:

200

dollarsign
05-02-2018, 01:19 PM
crazyfrank, why indeed. if an Iraqi was interested, what would they buy them with? Dinar, Dollars, at what rate? Do they have any others up their sleeves? Fun times ahead.

​$

Will-it-happen?
05-02-2018, 01:41 PM
your guess is as good as mine...

https://cbi.iq/news/view/687


​$

Perhaps this

http://www.iraq-businessnews.com/2012/10/14/the-great-zloty-fraud-money-changers-in-karbala/

dollarsign
05-02-2018, 01:51 PM
Perhaps the CBI will tell them to be on the lookout for those at some point. More precise and and official guidance from the CBI could be in the offing. Currency is supply and demand as Shabibi often said, so we'll look for CBI guidance on other currencies to protect the populace, wherever they may be.

$

crazyfrank
05-02-2018, 08:55 PM
ok this CBI page just now that Dollarsign has found gets even stranger now.......... according to the Central Bank of Poland web site, this Polish currency they posted info on is not like spanking brand new, it was issued in 2017?

300th Anniversary of the Coronation of the Image of Our Lady of Częstochowa On 21 August 2017, Narodowy Bank Polski is putting into circulation a collector note “300th Anniversary of the Coronation of the Image of Our Lady of Częstochowa”, with the face value of 20 zł.

http://www.nbp.pl/homen.aspx?f=/banknoty_i_monety/banknoty_kolekcjonerskie/2017_300lecie_20zl_en.html (http://www.nbp.pl/homen.aspx?f=/banknoty_i_monety/banknoty_kolekcjonerskie/2017_300lecie_20zl_en.html)



I am having a brain tumor trying to figure out why the Central Bank of Iraq is suddenly posting announcements about another countries "collectors edition", one year old currency, that celebrates a Catholic religious event?

Will-it-happen?
05-02-2018, 09:43 PM
ok this CBI page just now that Dollarsign has found gets even stranger now.......... according to the Central Bank of Poland web site, this Polish currency they posted info on is not like spanking brand new, it was issued in 2017?

300th Anniversary of the Coronation of the Image of Our Lady of Częstochowa On 21 August 2017, Narodowy Bank Polski is putting into circulation a collector note “300th Anniversary of the Coronation of the Image of Our Lady of Częstochowa”, with the face value of 20 zł.

http://www.nbp.pl/homen.aspx?f=/banknoty_i_monety/banknoty_kolekcjonerskie/2017_300lecie_20zl_en.html (http://www.nbp.pl/homen.aspx?f=/banknoty_i_monety/banknoty_kolekcjonerskie/2017_300lecie_20zl_en.html)



I am having a brain tumor trying to figure out why the Central Bank of Iraq is suddenly posting announcements about another countries "collectors edition", one year old currency, that celebrates a Catholic religious event?


To prevent another rerun of the great zloty/dinar fraud

Google it

dollarsign
05-02-2018, 11:10 PM
They would need to picture all the Polish banknotes circulated to effectively prevent fraud, not just one "collectors edition" note, or a single denomination of their currency. The bad guys wouldn't just use one.

$

crazyfrank
05-03-2018, 02:40 PM
I would agree, they would offer a series of currencies for display to show what the legal tender looks like if there was a need for public verifications.

I am not one to promote "X-Files" type conjunctures, but after some thought overnight, not to say I lost any sleep on this hee hee, looking at this for what it is, its a sore thumb sticking out in a crowd.

Its like a asking "what's wrong with this picture?"............. or a quiz off Sesame Street, "which of these things don't belong?"

and to top it off this Polish currency description involves a "300th" event, was this eluding to a "3 zero's" drop event? I will send off an e-mail to conspiracy theorist Fox Mulder and realist Dana Scully to get their thoughts hee hee

dollarsign
05-03-2018, 06:10 PM
check your PMs. I called them, and posted Mulder's thoughts there, Dana just sighed deeply and walked out! :)

dollarsign
05-04-2018, 04:02 PM
The second child of Jacob Wolfowitz (https://en.wikipedia.org/wiki/Jacob_Wolfowitz) (1910–1981) and Lillian Dundes, Paul Wolfowitz was born in Brooklyn, New York (https://en.wikipedia.org/wiki/Brooklyn), into a Polish (https://en.wikipedia.org/wiki/Poles) immigrant family, and grew up mainly in Ithaca, New York (https://en.wikipedia.org/wiki/Ithaca,_New_York), where his father was a professor of statistical theory at Cornell University (https://en.wikipedia.org/wiki/Cornell_University).
Wolfowitz speaks five languages in addition to English: Arabic (https://en.wikipedia.org/wiki/Arabic_language), French (https://en.wikipedia.org/wiki/French_language), German (https://en.wikipedia.org/wiki/German_language), Hebrew (https://en.wikipedia.org/wiki/Hebrew_language), and Indonesian (https://en.wikipedia.org/wiki/Indonesian_language).

In 1972, Wolfowitz received a Ph.D. (https://en.wikipedia.org/wiki/Doctor_of_Philosophy) in political science from the University of Chicago (https://en.wikipedia.org/wiki/University_of_Chicago), writing his doctoral dissertation on Nuclear Proliferation in the Middle East:

Wolfowitz broke from this official line by denouncing Saddam (https://en.wikipedia.org/wiki/Saddam_Hussein)Huss (https://en.wikipedia.org/wiki/Saddam_Hussein)ein (https://en.wikipedia.org/wiki/Saddam_Hussein) of Iraq (https://en.wikipedia.org/wiki/Iraq) at a time when Donald Rumsfeld (https://en.wikipedia.org/wiki/Donald_Rumsfeld) was offering the dictator support in his conflict with Iran. James Mann points out: "quite a few neo-conservatives, like Wolfowitz, believed strongly in democratic ideals; they had taken from the philosopher Leo Strauss the notion that there is a moral duty to oppose a leader who is a 'tyrant.'

Ambassador to the Republic of Indonesia[edit (https://en.wikipedia.org/w/index.php?title=Paul_Wolfowitz&action=edit&section=10&editintro=Template:BLP_editintro)]

From 1986 to 1989, during the military-backed government of President Suharto (https://en.wikipedia.org/wiki/Suharto), Wolfowitz was the US Ambassador to the Republic of Indonesia (https://en.wikipedia.org/wiki/Republic_of_Indonesia)


After the 1991 Persian Gulf War (https://en.wikipedia.org/wiki/Gulf_War), Wolfowitz and his then-assistant Scooter Libby (https://en.wikipedia.org/wiki/Scooter_Libby) wrote the "Defense Planning Guidance of 1992", which came to be known as the Wolfowitz Doctrine (https://en.wikipedia.org/wiki/Wolfowitz_Doctrine), to "set the nation’s direction for the next century."[15] (https://en.wikipedia.org/wiki/Paul_Wolfowitz#cite_note-Bacevich-15) As military strategist Andrew Bacevich (https://en.wikipedia.org/wiki/Andrew_Bacevich) described the doctrine:
Before this classified document was fully vetted by the White House, it was leaked to The New York Times, which made it front-page news. The draft DPG announced that it had become the "first objective" of U.S. policy "to prevent the re-emergence of a new rival." With an eye toward "deterring potential competitors from even aspiring to a larger regional or global role," the United States would maintain unquestioned military superiority and, if necessary, employ force unilaterally. As window dressing, allies might be nice, but the United States no longer considered them necessary.


Wolfowitz used his perch at the Johns Hopkins School of Advanced International Studies as a test-bed for a new conservative world vision." Wolfowitz was associated with the Project for the New American Century (https://en.wikipedia.org/wiki/Project_for_the_New_American_Century) (PNAC); he signed both the PNAC's June 3, 1997 "Statement of Principles (https://en.wikipedia.org/wiki/Project_for_the_New_American_Century#Signatories_t o_Statement_of_Principles)",[29] (https://en.wikipedia.org/wiki/Paul_Wolfowitz#cite_note-PNACstmt-29) and its January 26, 1998, open letter to President Bill Clinton.[30] (https://en.wikipedia.org/wiki/Paul_Wolfowitz#cite_note-PNACltr-30)
In February 1998, Wolfowitz testified before a Congressional (https://en.wikipedia.org/wiki/United_States_Congress) hearing, stating that the current administration lacked the sense of purpose to "liberate ourselves, our friends and allies in the region, and the Iraqi people themselves from the menace of Saddam Hussein.

after 9/11
In the first emergency meeting of the National Security Council (https://en.wikipedia.org/wiki/United_States_National_Security_Council) on the day of the attacks, Rumsfeld asked, "Why shouldn’t we go against Iraq, not just al-Qaeda?" with Wolfowitz adding that Iraq was a "brittle, oppressive regime that might break easily—it was doable," and, according to John Kampfner (https://en.wikipedia.org/wiki/John_Kampfner), "from that moment on, he and Wolfowitz used every available opportunity to press the case.


President of the World Bank[edit (https://en.wikipedia.org/w/index.php?title=Paul_Wolfowitz&action=edit&section=14&editintro=Template:BLP_editintro)]


https://upload.wikimedia.org/wikipedia/commons/thumb/0/0c/Blair_G8_July7th05.jpg/220px-Blair_G8_July7th05.jpg (https://en.wikipedia.org/wiki/File:Blair_G8_July7th05.jpg)

Press conference at G8 Summit (Paul Wolfowitz standing at rear on right)


In March 2005, Wolfowitz was nominated to be president of the World Bank by US President George W. Bush (https://en.wikipedia.org/wiki/George_W._Bush).

Wolfowitz is a former steering committee member of the Bilderberg group (https://en.wikipedia.org/wiki/Bilderberg_group).

There, Paul wanted that banknote on the CBI site.
It's Friday! Smile!

​$

dollarsign
05-10-2018, 01:28 PM
From Zurich...
Panel remarks by Jerome H. Powell Chairman Board of Governors of the Federal Reserve System

May 8, 2018

Our subject is the relationship between “center country” monetary policy andglobal financial conditions, and the policy implications of that relationship both for the center country and for other countries affected.

The well-known Mundell-Fleming “trilemma” states that it is not possible to have all three of the following things: free capital mobility, a fixed exchange rate, and the ability to pursue an independent monetary policy.

and from the Financial Councellor of the IMF...

Swiss National Bank
Zurich
May 8, 2018


The “Mundell-Fleming Trilemma” encapsulates a fundamental constraint: Only two of the following three factors are compatible:


Exchange-rate stability;
Asset markets that are open to trade; and
Domestic monetary autonomy

Of course, one can trade objectives off, one against the other: For example, you can have more foreign-exchange intervention, but that might come at the expense of have less traction on domestic monetary-policy goals.
But Robert Mundell and Marcus Fleming are quite clear: you can choose any two of those objectives—but you can't choose all three.

this is called signalling from the top...

the "center country" is the United States.


$

dollarsign
06-12-2018, 05:39 PM
https://ae.uaeexchange.com/


at some point, listed everywhere... if link doesn't work, copy and paste into browser, choose currency, then follow the flags to Iraq


$

crazyfrank
06-12-2018, 06:10 PM
OK what am I not seeing here?

that web site is based on sending United Arab Emirates Dirham funds (AED) via wire transfers, and shows an exchange rate that one AED equals 27 cents in US Dollars, and from there one AED equals 308.64 IQD.

so from there XE.COM shows 308.64 IQD equals 0.260027 cents in US Dollars, as the base exchange rate remains the same of 1 IQD = 0.000842492 USD

https://www.xe.com/currencyconverter/convert/?Amount=308.64&From=IQD&To=USD

what has changed here?

crazyfrank
06-14-2018, 01:02 AM
https://ae.uaeexchange.com/

at some point, listed everywhere... if link doesn't work, copy and paste into browser, choose currency, then follow the flags to Iraq

$

ok I think I see your point here on this UAE Exchange web site now, what you are pointing out there is that they now list IQD as a possible destination for a wire transfer, as IQD was never shown before as an option yes?

I would agree if IQD was never listed before on this particular wire service web site before as a valid destination for wire transfers, then it is a notable change.

I have browsed through all the pull down menu selections myself for destination options, the IQD choice generates an "error" message in the upper right hand corner, so such an option may not be fully functional.

However, that is not a unique situation, as there are a few other such countries in the pull down menu of destination such as Israel, and Nigeria that also generate the same "error" message, and those choices are also not be fully functional.

So this remains a good find, if the IQD is slowly creeping into the main stage and making a presence in areas never before available, then its a good find !!

$$$$$$

dollarsign
06-14-2018, 11:15 AM
The Central Bank of Iraq decided to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and traders in the Iraqi market, and this is to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment.This bank explains that cash withdrawals are made by authorized agents or dealers contracted by the electronic payment companies to provide various services including cash withdrawals in condition to provide this bank with an updated register including their names periodically and adopting procedures to ensure compliance with AML/CFT laws and electronic payment system.This bank has set the limit for customers to withdraw 2 million dinars per day. The percentage of the commission is not to exceed (0.006) in the day and the commission should not be less than (2000) (two thousand dinars) and should be visible in the tape to the customer.The bank also wishes to clarify that all cards (Key Card, MasterCard, and Visa Card) are in accordance with this procedure.

just like normal banking, and spreading...progress!

https://cbi.iq/news/view/735

$

dollarsign
06-14-2018, 11:32 AM
with a limit of IQD 2 million a day, in a heavily cash transacted market, making change would quickly become a problem without lower denominations...

$

crazyfrank
06-14-2018, 02:24 PM
Yes I would agree, being that the 25k notes are physically larger than a standard bill, one would need a real man size purse to travel with so much currency. So yes the smaller denomination as well as smaller sized currency will be in higher demand for point of sale disbursement and circulation.

This 2 million IQD daily limit is a bit higher than local standards, as 2 million IQD currently equals 1,684.192 USD. As most point of sale terminals here, such as at 7-11 gas stations, have a way lower cash back option, at the most $100 to $50. The ATM's' here as well limit daily cash withdrawals on average to $500 daily, as I am sure you already familiar with.

dollarsign
06-14-2018, 02:50 PM
indeed, crazyfrank. The CBI, by setting this daily limit, and making it available at most points of sale, would spur people to open accounts instead of storing cash at home, less risky. It sets forth a new dynamic in the market place. What size purse would merchants need to make change for for all those 25ks? Who would want to be the merchant that couldn't make change? They will demand the CBI make smaller denominations available for ease of local commerce.

$

dollarsign
07-29-2018, 05:51 PM
Further integration into regional and global financial institutions is in Section 5 of the Strategic Framework Agreement. progress.

The Central Bank of Iraq, represented by the Governor's deputy Dr. Munther Abdulkader Alsheikhly participated in the opening of the representative office of the International Development Bank in Dubai.The opening ceremony, attended by Iraqi and foreign economic and financial figures, underscored the need for the Iraqi private banks to play a role in the development of the Iraqi economy and the development of banking sector.https://cbi.iq/news/view/770

Brazileiro
07-29-2018, 07:12 PM
still waiting for the cbi to compensate and rehabilitate warka bank as ordered by the courts may years ago,,,

dollarsign
07-29-2018, 08:47 PM
many are Brazileiro. I don't see how the CBI can continue to join such organizations if that isn't addressed.

$

dollarsign
07-30-2018, 11:03 AM
https://cbi.iq/static/uploads/article-153294469161446.jpg The Central Bank of Iraq is matching the foreign revenues of Iraq for the years 2005 - 2017 ... Click here to download (https://cbi.iq/static/uploads/up/file-153294166618711.pdf)
https://cbi.iq/news/view/772

July 30, 2018
$

Brazileiro
07-30-2018, 11:42 AM
very interesting Dollarsign thanks for the info. Would love to read the pdf in english. Tried a translator but got a bunch of gobbledegook lol

Brazileiro
07-30-2018, 11:55 AM
https://cbi.iq/static/uploads/article-153294469161446.jpg The Central Bank of Iraq is matching the foreign revenues of Iraq for the years 2005 - 2017 ... Click here to download (https://cbi.iq/static/uploads/up/file-153294166618711.pdf)
https://cbi.iq/news/view/772

July 30, 2018
$




I got this translation from another site,,,

Economy News _ Baghdad

The Central Bank of Iraq (CBE) on Monday reconciled the foreign revenues of Iraq for the years 2005-2017, explaining that the total receipts of the Ministry of Finance from foreign currency during the previous years amounted to approximately 706.23 billion US dollars.

The Bank said in a statement received by "Economy News", that "since 2003 until recently, the Iraqi economy witnessed a rise in oil resources markedly accompanied by high global oil prices, followed by the numbers of public budgets to high amounts over the past years,

He added that "the total receipts of the Ministry of Finance of foreign currency, during the years 2005-2017 nearly 706.23 billion US dollars, and the amount of which spent $ 703.11 billion, or 99.5% of the total revenue, and remaining as at 31/12/2017 role to Opening balance for the Ministry of Finance at the beginning of 2018.

The statement said that the expenditure is distributed at various doors, the most important of which is the monetary appropriation, which is the Ministry of Finance spending in the public budget. In 2005-2017, it reached about 488.6 billion dollars, or 69.5% of the total expenditure, followed by Iraqi government revenues for the same period. Through the Iraqi Trade Bank (TBI) $ 156.9 billion, 22.3% of the total expenditure, and then the expenses of the payment of the contractors of oil service contracts and military payments amounting to 41.5 billion dollars, or 5.9% of the total expenditure, while the remainder, which is 2.3% % Of total expenditure has been directed to repay d Iraq and other expenditures.

He pointed out that "the year 2012 is the highest year in terms of revenue with a total revenue of $ 106.23 billion, and 2013 is the highest year in terms of spending as the total expenditure of the total of nearly 97.45 billion dollars," noting that "total revenue grew For the period 2005-2013 increased by 21.7%, compared to 5.4% for the years 2014-2017. Total expenditure grew by 24.3% for the period 2005-2013 and a negative rate of 9.1% for the period 2014-2017.

dollarsign
07-30-2018, 12:09 PM
cool. seems all the strife of that period didn't disrupt the accounting process.

$

dollarsign
08-01-2018, 04:21 PM
this report would be more useful if they would just go global!
​$


August 01, 2018


https://cbi.iq/static/uploads/article-153311757121552.jpg

dollarsign
08-01-2018, 04:29 PM
https://cbi.iq/news/view/775


​$

dollarsign
08-02-2018, 12:24 PM
August 01, 2018

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, accompanied by a number of general managers in this bank a field visit to private banks for two days and comes this visit within the series of visits by the Governor to find out the obstacles facing the work of banks and work to remove them in addition to the work of the sector Banking and banking and its application to banking laws.

Open your tests to page 1...BEGIN!

​$

crazyfrank
08-02-2018, 12:57 PM
I always hated "fill in the blank" pop quiz's, and I did not bring a # 2 pencil to school today ( my dog named Dinar ate it )

Brazileiro
08-02-2018, 01:43 PM
I woulda LOVED to see a pic of them visiting Warka Bank....wasn't Warka Bank the #1 private bank in Iraq before the CBI put them in Guardianship? :D

crazyfrank
08-02-2018, 05:48 PM
ok now I must say this Investors forum board has many, many IQD revaluation predictions over the years, I had such a hallucination myself a few weeks back, and have recovered nicely now. I do see a few continue to make predictions still, which is fine, as anyone's guess is as good as mine here. Overall its been quiet these last few months, I would even use the word "sedate" to describe the demeanor of it all here in the rumor board area (aside from Batman).

However I must say there are peeps on another forum board who hold this "GURU" title, that are today claiming this thing has popped??????? They have claims of multiple reports that say they are right now seeing a 1:1 revaluation has begun to occur like today ??

and yet I see nothing cross over to here, even from The Batman?

anyone care to comment on any of this?

dollarsign
08-02-2018, 07:37 PM
I have my #2 pencil, but it doesn't do anything when I click copy, so I'll wing it. :)

The most recent event that's close to what we're watching (hoping for) was the introduction of the Euro.
The Bank for International Settlements (the bank for all Central Banks) and other institutions were involved in the complex task of taking into account the GDPs , current exchange rates etc. of the nations involved, and calculating a value. The Maastricht Treaty, which formed the EU was then signed, and later the Euro was launched.

For our purposes, the Strategic Framework Agreement (between the U.S. and Iraq) seems to be the closest thing to such a treaty, and Section V, item 4 covers integration of Iraq into the global financial system, we're on the hook for that.

The CBI has listed the currency basket they're using to model the value of the IQD initially, so we have that part of the calculation. (think it's the first post in this thread) I then went to Khaleej Times, currency section, and the first 5 currencies listed, are the ones the CBI cited as being in their calculation basket. So I've just followed things that have happened so far with this thread, and it looks good to me.

Outside of the post WWII reset of major currencies, I don't use any other references for historical guidance. What we do know for sure, is that the U.S. Dollar IS the world's reserve currency, and as such, will carry a heavy weighting in calculation of the initial IQD market value, as it does in every other major persian gulf exporter. (excluding Iran, under decades of heavy sanctions by the international community)

I'm not sure what University lists Guru as a degree program, actually, I haven't searched for that, but it must be out there somewhere. I just know I don't have one!

just my 2 cents

$

bultn
08-03-2018, 01:12 PM
However I must say there are peeps on another forum board who hold this "GURU" title, that are today claiming this thing has popped??????? They have claims of multiple reports that say they are right now seeing a 1:1 revaluation has begun to occur like today ??


That "GURU" site has said that "it has popped" almost every day for several years and the "multiple reports" are probably from multiple other gurus who quote each other as "sources".

dollarsign
08-03-2018, 02:28 PM
So you're saying there's Fake Guruus?

michaelb4348
08-03-2018, 08:00 PM
Is this the Big oil Law We always were waiting for >>??


Ten years ago 😂, this ain’t happening been following hype now for years, I hold still but I doubt it will ever kick off now.

my new hobby is Tronix on the crypto market, who knows in ten years I could be a retired crypto millionaire.

michaelb4348
08-03-2018, 08:02 PM
Pump news, complete rubbish and I’ve been watching this for over 10 years, this ain’t happening, it’s been hyped by the same people year after year.

crazyfrank
08-07-2018, 11:08 PM
As on this forum format there is the opportunity for debate, and point/counter point type discussion, but there exists other type "guru" forums of mindless endless rambling statements with no end.

However now I see the head honcho has weighted in there with a post finally applying some opposition to the jibber jabber with a clarification to spank the Gurus into submission hee hee.......


I can assure everyone reading this newsletter today that the Iraqi dinar is NOT trading globally...Relax...We are NOT where we need to be and the dinar is not yet trading on FOREX or any other global currency platform.

dollarsign
08-07-2018, 11:41 PM
Maybe it's a Grail shaped beacon.


​$

dollarsign
08-14-2018, 04:07 PM
https://cbi.iq/static/uploads/up/file-153414817862798.jpg



​$

dollarsign
08-16-2018, 01:25 PM
.
Extracting NSI files and sending them through theRTGS system and following up on their adjustments to maintain the continuity of the connection with the total system of real-time adjustments or any clearing and settlement system to be determined.
Receipt of the net files of the participants' shares and subsequent reconciliation and settlement.
​$

dollarsign
08-16-2018, 01:27 PM
https://cbi.iq/news/view/820

dollarsign
08-19-2018, 12:57 PM
The issuing department and the cabinets shall perform the following main tasks:


Forecast and meet the needs of the Iraqi currency and foreign currencies.
Execution of the issuance of the Iraqi currency (paper and metal) after the completion of the contract, including the selection of printing companies and houses, and the operations of shipping and delivery to the stores.
Using contemporary methods in managing currency stores, balancing, in terms of fixed and variable costs, between asking for currency in large quantities or in smaller quantities.
Execution of the Fund's operations in terms of arrest, payment, documentation, exchange of foreign currency notes, replacement of damaged currency, matching of fortified rooms and funds.
Execution of the currency counting and sorting, and determining the canceling currency, using medium machines, and comprehensive machines, while working on the sustainability and maintenance of technical equipment.
Executing the operations of the Iraqi currency and foreign currencies, gold, and secretariats, as well as combating counterfeiting and counterfeiting.
Ensure the follow-up of banks, matching counting and sorting, and carrying out inspections and monitoring scheduled, sudden and random.



https://cbi.iq/news/view/824

the pace of CBI public disclosure is rapid and steady now...

$

dollarsign
08-19-2018, 01:02 PM
Part One: Assistant General Manager of Operations:
First. Fund section:
a. Division of arrest and payment:
b.Division of documentation and exchange of foreign exchange movements dollar -
c. Damaged Currency Replacement Division
d. Division of matching fortified rooms and fund



$

dollarsign
08-19-2018, 01:16 PM
Release all the news of the past month, then close down for Eid Al Adha? Time for the populace to digest?
Bank holiday, hidden in a religious holiday...

$

dollarsign
08-28-2018, 09:19 PM
in the 8/19 "smaller denominations" post, the Main Functions of the Issuing Department and Cabinets were delineated. Now ,on 8/28, Main Functions of Statistics and Research Department are explained. the bullet items for "Follow-up" are interesting...



Follow-up macroeconomic developments, in all sectors and activities, and identify the main trends in it.



Follow up the development of the Central Bank's relations with monetary, banking and financial institutions, Arab and Islamic international.



Follow-up of the development of the performance of financial institutions, comprehensive money market, insurance, and funds.



Follow up the monetary developments and financial, local, Arab and international, and show the extent of their impact on the Iraqi economy.



Follow up the price indices, interest rates, fluctuations, exchange rates, and oil prices.


not sure why one would need to follow-up on a fixed exchange rate...
https://cbi.iq/news/view/827

$

dollarsign
09-06-2018, 01:22 PM
FATF BUSINESS BULLETIN

https://cbi.iq/static/uploads/up/file-153622607439053.pdf
Recent updates include: Iraq and Vanuatu will no longer be subject to the FATF's monitoring under its on-going global AML/CFT compliance process, and will work with the MENA FATF and APG respectively as they continue to further strengthen their AML/CFT regime.

Anti Money Laundering/Combating Financing Terrorism standards have been met.

http://www.fatf-gafi.org/media/fatf/documents/bulletin/FATF-Business-Bulletin-August-2018.pdf

$

dollarsign
09-06-2018, 04:51 PM
• Issuing circulars to prevent dealing with any internationally sanctioned banks and institutions:• US Dollar trade with Iranian Banks• Prohibiting to deal with North Korea.

Awww, look who doesn't get to cash in...

$

oldskiier
09-09-2018, 11:36 PM
When can we transfer funds back to the US ...?????

dollarsign
09-09-2018, 11:57 PM
FATF President

The FATF President is a senior official appointed by the FATF Plenary from among its members for a term of one year.
The term of the President begins on 1 July and ends on 30 June of the following year. The President convenes and chairs the meetings of the FATF Plenary and the Steering Group, and he/she oversees the FATF Secretariat.


Mr. Marshall Billingslea of the United States assumed the position of President of the FATF on 1 July 2018. He succeeded Mr. Santiago Otamendi of Argentina. (http://www.fatf-gafi.org/pages/santiagootamendi.html)
Mr. Billingslea serves as the US Department of the Treasury’s Assistant Secretary heading the Office of Terrorist Financing and Financial Crimes. In this role he is responsible for policy development and international engagement pertaining to anti-money laundering and countering the financing of terrorism.
Previously, Mr. Billingslea served as a Managing Director at Deloitte, responsible for its Federal Business Intelligence Services group, where he provided due diligence services for a wide range of Federal clients and Fortune 500 companies. He specialized in investigating beneficial ownership structures, and advising businesses on the legal and regulatory risks associated with third party transactions.
In addition to the Treasury Department, Mr. Billingslea has more than a decade of service in a number of positions within the Federal Government, including as the Deputy Under Secretary of the Navy; NATO Assistant Secretary General for Defense Investment; Principal Deputy Assistant Secretary of Defense for Special Operations and Low Intensity Conflict; and Deputy Assistant Secretary of Defense for Negotiations Policy. He also served as Senior Professional Staff Member for National Security Affairs on the Senate Committee on Foreign Relations.



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dollarsign
09-10-2018, 01:16 AM
FATF Vice-President

The FATF Vice-President, who is also the FATF President-designate, is appointed by the Plenary from among its members for a term of one year preceding his/her presidential term. The Vice-President assists the President in carrying out his/her responsibilities and stands in for the President when necessary.


Xiangmin Liu of the People's Republic of China assumed the position of Vice-President of the FATF.
Mr. Liu currently serves as Director-General of the Legal Department at the People’s Bank of China, China’s central bank.



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dollarsign
09-10-2018, 01:45 AM
International Monetary Fund (IMF)


The IMF is contributing to global AML/CFT efforts in several important ways. As a collaborative institution with near universal membership, the IMF is a natural forum for sharing information, developing common approaches to issues, and promoting desirable policies and standards. The Fund has dedicated AML/CFT expertise. Two departments carry out the IMF’s AML/CFT efforts: the Monetary and Financial Systems Department and the Legal Department.
Following a March 2004 review (http://www.imf.org/external/np/aml/eng/2004/031004.htm) of the pilot program of AML/CFT assessments, the IMF Executive Board agreed to make AML/CFT a regular part of IMF work.



The current President and Vice President of the Financial Action Task Force are from the 1st and 2nd largest economies on Earth, and they are a regular part of the IMF's work. These powerful entities know the answer to your question Old Skiier, they are the only forum that counts. I wish I knew, but the pace and level of involvement/action has increased.

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dollarsign
09-10-2018, 01:36 PM
Following a March 2004 review (http://www.imf.org/external/np/aml/eng/2004/031004.htm) of the pilot program of AML/CFT assessments, the IMF Executive Board agreed to make AML/CFT a regular part of IMF work.

and of course, during this review period, we printed and were distributing the new IQD...

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Wolverine
09-10-2018, 04:23 PM
When can we transfer funds back to the US ...?????

Be certain your pertinent FBAR filings are up to date first .....

dollarsign
09-12-2018, 11:00 AM
Then...

https://cbi.iq/static/uploads/news-150840205657840.jpg
It is the first of its kind. Governor of the Central Bank meets with the UN Security Council

Based on the invitation of the UN Security Council, the Governor of the Central Bank of Iraq, Dr. Ali Mohsen Ismail, met in New York on Tuesday, October 17, 2017 with the members of the Council in the United Nations building. This meeting is the first of its kind where the Governor of the Central Bank of Iraq is the first governor of a central bank in the world attends such meetings.
Detailed explanation of the experience of this bank in the fight against money laundering and terrorism financing was listened during the meeting. Members of the UN Security Council praised the work of the Central Bank of Iraq and its administration during the current period and the accompanying exceptional circumstances in Iraq.

and Now...

Two of the 5 permanent members of the UN Security Council as FATF President and Vice President release Iraq from the follow up list. One of those UN invitations that you can't refuse...

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dollarsign
09-13-2018, 10:54 AM
September 13, 2018


The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on the institutions, through publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime, which provided for "the prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq. "This step comes as the Central Bank of Iraq has made significant progress in improving its performance and application of international regulations and standards in this field. This bank shows that under these recent amendments it will allow international financial banking institutions to deal with the new instructions as it has become a reliable financial institution to deal with European international institutions .

The Game is afoot!

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dollarsign
09-19-2018, 10:25 AM
September 19, 2018
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail participated in the meeting of the forty-second session of the Board of Governors of Arab Central Banks and Arab Monetary Institutions in the Jordanian capital Amman and under the patronage of the Prime Minister of the Hashemite Kingdom of Jordan.

observers from the League of Arab States, the General Secretariat of the Cooperation Council for the Arab States of the Gulf, the Union of Arab Banks, Middle East and North Africa, as well as the presence of Arab executives at the IMF and the World Bank and the Director General of the Bank for International Settlements.

No, the CBI will not act unilaterally. There will be coordinated action.

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dollarsign
09-22-2018, 11:23 AM
GREEN...

A SIMULATION OF THE DINAR EXCHANGE RATE LINKED TO A BASKET OF CURENCIES
A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi

IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513 IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05 IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075

STRASBOURG (Reuters) - European Commission President Jean-Claude Juncker called on Wednesday for the European Union to promote the euro as a global currency to challenge the U.S. dollar.
“We must do more to allow our single currency to play its full role on the international scene,” Juncker told the European Parliament in Strasbourg as he presented his annual program.
“It is absurd that Europe pays for 80 percent of its energy import bill – worth 300 billion euros a year – in U.S. dollars when only roughly 2 percent of our energy imports come from the United States,” he said.
“It is absurd that European companies buy European planes in dollars instead of euro,” he added. While Norway prices its substantial supplies to the EU in euros, an EU official said, other countries use dollars. Among the most important of these are Gulf states and Russia. (now we all see putins driving need to money launder, and find accomplices. No one wants his rubles).

Become the world's super power Mr. Juncker, then you can have it like that...

WITH ENVY!

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dollarsign
09-26-2018, 10:45 AM
Circulars issued by CBI for Financial Institutions

• Guiding banks and Financial Institutions about all procedures required to follow for verifying FOREX source of funds.

certainly wouldn't need to issue this one, unless...

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dollarsign
09-30-2018, 05:12 PM
BYTOM O'CONNOR (https://www.newsweek.com/authors/tom-oconnor) ON 9/21/18 AT 2:38 PM
RUSSIA AND CHINA THINK U.S. DOLLARS ARE RUINING THE WORLD, SO THEY'RE FINDING A NEW WAY


Russia and China lashed out at U.S.'s control over the global financial system after being hit by fresh sanctions that have left the two rising powers increasingly frustrated.
Russian Foreign Minister Sergey Lavrov said Friday that his country was making extensive efforts to distance itself entirely from the U.S.-dominated international financial system, much of which runs on the U.S. dollar, and urged others to do the same. Washington has taken advantage of its unmatched influence (https://www.newsweek.com/2018/09/28/trump-us-economic-war-russia-tough-sanctions-1122653.html) by enacting sanctions as a form of punishment against countries accused of wrongdoing, or to persuade them to alter policies that are unfavorable to the United States.

First, European Commission President Jean-Claude Juncker ranted about the $, now sergey has a problem, this, shortly after the EU lifted sanctions on the CBI. What's your problem guys? Oh and sergey, the U.S. debt that China holds is all denominated in U.S. Dollars, so good luck trying to get them to listen to you. Most of what they make comes here, therefore the largest portion of globally freely convertable currency they get is in U.S. dollars.
Iraq sells oil globally and it's priced in ...say it wit me now,
$$$

nobody wants your rubles sergey.
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dollarsign
10-02-2018, 09:48 PM
Iraq names new president and premier, ending deadlock (https://www.reuters.com/article/us-iraq-politics/iraq-names-new-president-and-premier-ending-deadlock-idUSKCN1MC2J9)


https://static.reuters.com/resources/r/?m=02&d=20181002&t=2&i=1310575235&r=LYNXNPEE911SK&w=640 (https://www.reuters.com/article/us-iraq-politics/iraq-names-new-president-and-premier-ending-deadlock-idUSKCN1MC2J9)Iraq's parliament on Tuesday elected as president Kurdish politician Barham Salih, who immediately named Shi'ite Adel Abdul Mahdi prime minister-designate, ending months of deadlock after an inconclusive national election in May.

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dollarsign
10-02-2018, 10:14 PM
Adil Abdul-Mahdi al-Muntafiki is an Iraqi Shi'a politician, economist, and was one of the Vice Presidents of Iraq from 2005 to 2011. He was formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016.

YES

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investindinar
10-03-2018, 05:32 PM
Adil Abdul-Mahdi al-Muntafiki is an Iraqi Shi'a politician, economist, and was one of the Vice Presidents of Iraq from 2005 to 2011. He was formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016.
YES
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The sooner they pass a national law to protect and administer their petroleum / gas resources, focus on infrastructure investment and development, and the sooner they get the CBI to make good on restoring the private sector banks (e.g. Al Warka), the sooner everybody will see significant progress on a national level.

I also would like to see them address and correct the outstanding issues in Basra that led to deadly riots.

Next leg up on this endeavor should be the ISX.

Just my 2 dinars worth.

investindinar

dollarsign
10-03-2018, 10:36 PM
hey, 2 cents can add up you know. I saw some coverage of the riots, and some of them were fueled by local resentment of "foreigners" getting the good oilfield jobs, if there can be a silver lining to a riot. seeing prosperity and not wanting to be left out. the HCL has been out there forever, but they have been selling Basrah Light and Heavy crude on the Dubai Mercantile Exchange for a while as production has risen past pre war levels, which seems to have put it on the back burner. the Prime Minister's bio says he would take care of that issue once and for all. this looks good.

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haggisbasher
10-04-2018, 05:37 PM
Good read from a new article there from CBI & Keywords Salah about fixing the banking system and depositors,sooner the better come on Warka get the finger oot.

dollarsign
10-05-2018, 01:47 AM
https://www.bloomberg.com/news/articles/2018-10-03/the-tyranny-of-the-u-s-dollar

By the latest tally of the European Central Bank, America’s currency makes up two-thirds of international debt and a like share of global reserve holdings. Oil and gold are priced in dollars, not euros or yen. When Somali pirates hold up ships at sea, it’s dollars they demand. And threats to be cut off from the dollar-based global payments system strike terror into the likes of Iran, North Korea, and Russia. It’s no exaggeration to say that the dollar’s primacy is at least as valuable to the U.S. as a couple of aircraft carrier strike groups.

This is worth your time to read. Other world leaders/governmental bodies are fixated on this.

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dollarsign
10-06-2018, 12:03 PM
SAUDI ARAMCO REBALANCES ITS ASIA CRUDE OIL BENCHMARK
Wednesday, July 04, 2018
DHAHRAN, July 04, 2018
Saudi Aramco announced that it is adjusting its Asia crude oil pricing marker in an effort to increase the overall reliability of its crude oil pricing.
Saudi Aramco’s long-standing price marker was the average of Platts Dubai and Platts Oman assessments. The company’s new Asia marker will replace Platts Oman with Dubai Mercantile Exchange (DME) Oman effective October 1, 2018, creating a hybrid between two major Asia benchmarks.
https://www.dubaimerc.com/clearing-members

Find any large U.S. banks on that list?
Sure you did. The 4th of July announcement was made when we celebrate USA's Independence Day, and the effective start date is the FIRST day of the U.S. Government's FISCAL year.

on the 2nd day of this fiscal year, Iraq chose a new President and Prime Minister 4 months after the election.

SOMO's Basrah Light, Basrah Heavy, and Saudi Aramco priced through this exchange with these listed clearing members. Going to be priced in $$$ guys...

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dollarsign
10-06-2018, 12:39 PM
free info, gurus not needed, just need to know where to look.

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dollarsign
10-07-2018, 01:04 PM
October 07, 2018


https://cbi.iq/static/uploads/news-153891266432208.jpg

The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories without any intention to withdraw from circulation.

They're busy...

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dollarsign
10-11-2018, 01:05 PM
Iraq will stipulate in all new contracts with foreign oil companies that 85 percent of the workforce hired on a project be Iraqi, Oil Minister Jabar al-Luiabi said on Monday.Luiabi*s comments follow months of protests in the oil-rich southern province of Basra, which contributes 95 percent of Iraq*s oil revenues but suffers from poor basic services, unemployment, and where residents lack access to clean water.
------------------------------------------

local hires at good salaries will increase the demand for lower denominations/coins to buy basic staple items. the baker can't sell bread for long having to make change for high denomination notes that are currently used, unless each house needs a lot of bread...they're getting by for now.

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dollarsign
10-11-2018, 05:14 PM
https://mriguide.com/updates/

need some pictures of coins and lower denominations. they're coming.

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dollarsign
10-12-2018, 11:49 AM
https://ekurd.net/iraqi-new-dinar-banknote-2018-10-07


However, it is the 1000 dinar note that seems to be getting the most significant makeover.

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dollarsign
10-12-2018, 12:25 PM
Indonesia Sees Need for Alternatives to Dollar (1:21 p.m.)

Thomas Lembong, chairman of the Indonesia Investment Coordinating Board, opened up the Bloomberg Modern Markets conference with a broadside against the dollar. He notes tectonic shifts against the greenback, citing comments from Russian President Vladimir Putin and others, about the need for alternatives to the dollar and the need for an alternative trading system.
He said the dollar causes complications for emerging economies, though it’s not going away anytime soon. Indonesia has been swept up in the market turmoil triggered by rising U.S. interest rates and a stronger dollar, which has pushed the rupiah down 11 percent this year.


“The challenge today is not its dominance but it’s over dominance.”

Yeah, try the word HEGEMONY, and yes, it will increase the value of the IQD, like it or not...

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dollarsign
10-14-2018, 01:58 PM
Since the lifting of EU sanctions on the CBI, a rise of discontent over the dollars global position has been evident. From the EU's Juncker, to Indonesia, as the IMF wraps up meetings there this weekend, outrage has increased.

From Al Arabiya

Until a few decades ago, any idea of straying away from the petrodollar was seen as a direct threat to American global hegemony, requiring of a military response and one of the causes of the US invasion of Iraq was that Saddam Hussein had decided to move away from the US dollar as a currency for Iraqi oil exports and instead linked it to the Euro, making other oil producers like Venezuela and Iran to mull the same.

hasn't done much for the exchange rate of either country...

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dollarsign
10-16-2018, 12:53 PM
FATF President...

Mr. Marshall Billingslea of the United States assumed the position of President of the FATF on 1 July 2018.

Mr. Billingslea serves as the US Department of the Treasury’s Assistant Secretary heading the Office of Terrorist Financing and Financial Crimes. In this role he is responsible for policy development and international engagement pertaining to anti-money laundering and countering the financing of terrorism.
Previously, Mr. Billingslea served as a Managing Director at Deloitte, responsible for its Federal Business Intelligence Services group,

And, slightly back then...

Iraqi Kurdistan generated $1.663 bln from oil sales in 2018’s first quarter: Deloitte

Posted on August 14, 2018 (https://ekurd.net/kurdistan-oil-sales-deloitte-2018-08-14) by Editorial Staff (https://ekurd.net/author/editorial-staff-2) in Economy (https://ekurd.net/category/kurdistan/economy), Economy (https://ekurd.net/category/iraq/economy-iraq), Oil & Gas (https://ekurd.net/category/kurdistan/business/oil-gas)http://ekurd.net/wp-content/uploads/2018/08/Deloitte-offices-in-London-photo-afp.jpgDeloitte’s offices in London. Deloitte is the Iraqi Kurdistan’s oil auditing firm. Photo: AFP


HEWLÊR-Erbil, Iraq’s Kurdistan region,— Iraqi Kurdistan Regional Government (KRG) generated more than $1.663 billion USD in revenue from oil sales in the first three months of 2018.
The KRG has released a report (http://cabinet.gov.krd/uploads/documents/2018/Oil_production_export_consumption_and_revenue_peri od_1_January_2018-31_March_2018.pdf) prepared by Deloitte on oil production, export, consumption, and revenue in the Kurdistan Region between January 1 and March 31 of this year.
Iraqi Kurdistan signed (https://ekurd.net/kurdistan-oil-revenue-audit-2016-10-05) a contract with the international audit firm on October 5, 2015 to examine oil production and revenue in an effort to improve transparency.

like a swiss watch...

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rich man
10-17-2018, 11:22 PM
WOW....


http://www.fatf-gafi.org/publications/fatfgeneral/documents/plenary-october-2018.html

dollarsign
10-18-2018, 02:35 AM
a lot of things have happened since Aug. 14th (pg. 13 of this thread), that only that kind of power can initiate Rich man. we will all stay tuned...

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dollarsign
10-18-2018, 11:54 AM
The Treasury's Office of Foreign Assets Control added Afaq Dubai to its list of specially designated global terrorists for 'assisting in, sponsoring or providing financial, material or technical support' for the Islamic State group, the department said in a statement.

The Treasury action followed a Pentagon decision on Oct 11 targeting a financial group supporting Islamic State.
The Treasury said the moves are part of a broader US effort to target a network of money services businesses that enable Islamic State to carry out operations across the Middle East. In September, the Treasury took action against Islamic State financial facilitators with ties in the Caribbean and the Middle East. It took action against a money exchange group in Syria in December 2016.
The Treasury said Afaq Dubai is located in Iraq and does not have branches in the United Arab Emirates, despite its name.

Joining iranian and north korean entities who can't cash in for Dollars...

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dollarsign
10-18-2018, 04:55 PM
Iraq transfers ownership of nine state oil companies to new National Oil Company


ERBIL, Iraq (Reuters) - Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry to the newly-formed National Oil Company which he also heads, a ministry spokesman said on Thursday.

The nine companies included in Thursday’s decision are SOMO, the Iraqi Oil Exploration Company, the Iraqi Drilling Company, the North Oil Company, the Midland Oil Company, Basra Oil Company, Dhi Qar Oil Company, Maysan Oil Company and the Iraqi Oil Tankers Company.

Luaibi took the decision in his capacity as National Oil Company chief, not minister, according to a statement by spokesman Asim Jihad. The decision will be “followed by others within the same framework,” Jihad said.

playtime appears to be over...

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dollarsign
10-18-2018, 06:52 PM
Type (https://en.wikipedia.org/wiki/List_of_legal_entity_types_by_country)
Public (https://en.wikipedia.org/wiki/Limited_company)


Industry
Oil and gas industry (https://en.wikipedia.org/wiki/Oil_and_gas_industry)


Founded
1966


Headquarters
Baghdad (https://en.wikipedia.org/wiki/Baghdad), Iraq (https://en.wikipedia.org/wiki/Iraq)


Products
Petroleum (https://en.wikipedia.org/wiki/Petroleum)
Natural gas (https://en.wikipedia.org/wiki/Natural_gas)
Petroleum products (https://en.wikipedia.org/wiki/Petroleum_product)


Owner
President of Iraq (https://en.wikipedia.org/wiki/President_of_Iraq)


The Iraq National Oil Company (INOC) was founded in 1966 by the Iraqi government (https://en.wikipedia.org/wiki/Iraqi_government). It was empowered to operate all aspects of the oil industry (https://en.wikipedia.org/wiki/Oil_industry) in Iraq (https://en.wikipedia.org/wiki/Iraq) except for refining (https://en.wikipedia.org/wiki/Oil_refinery) which was already being run by the Oil Refineries Administration (1952) and local distribution which was also already under government control.

In its first years of sole control, INOC managers succeeded in raising production in Iraq from 1.4 million barrels per day (220,000 m3/d) to over 3 million barrels per day (480,000 m3/d) in 1980. But the outbreak of war (https://en.wikipedia.org/wiki/Iran%E2%80%93Iraq_War) with Iran that year severely hit capacity.
In April 1987, under newly appointed oil President Asfhaq ul Rasheed, Decree 267 merged the INOC with the oil ministry, which became the direct operator in the industry as well as its regulator.[3] (https://en.wikipedia.org/wiki/Iraq_National_Oil_Company#cite_note-decree267-3) At an operational level, the single national-level company was broken into a series of regional companies, the largest among them being North Oil Company (https://en.wikipedia.org/wiki/North_Oil_Company), based in Kirkuk (https://en.wikipedia.org/wiki/Kirkuk), and South Oil Company (https://en.wikipedia.org/wiki/South_Oil_Company), based in Basra (https://en.wikipedia.org/wiki/Basra).

It only takes a little of your time to match the dates, and production numbers from this information, to the exchange rates to the dollar back then. Keep in mind that saddam did not come to power until 1979, so he couldn't have had any influence over the rate prior to that year.
it just looks really good right now...

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dollarsign
10-20-2018, 06:14 PM
https://www.ey.com/ecimages/EY.gif

Iraq Office

EY established its first Middle East office in Baghdad in 1923, and is the largest audit and business advisory firm in the country.

Services Offered

Our Iraq office provides subject matter expertise to clients across the country, specializing in Assurance & Advisory Business Services, Business Risk Services, Transactions Advisory Solutions and Tax Services.

In addition to more than eighty employees in Iraq, we also leverage the full force of our EY Jordan staff to assist in delivering work in Iraq, adding more than 350 employees to our work force and multiplying our capabilities.

Our teams are experts on local Iraqi rules and regulations, and have done more work for the government in Iraq than any other Big 4 firm has. Because of this comprehensive experience, we hold an unrivalled position in the market.

Industries

We have been engaged extensively by Iraqi Government entities, including the Ministry of Finance, the Central Bank of Iraq, the Ministry of Oil, Rafidain Bank, Rasheed Bank,

EY handles the final accounting of the CBI, and the two state owned banks...

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dollarsign
10-20-2018, 10:20 PM
Iraqi Oil Minister Jabar al-Luaibi has reversed his decision to transfer the ownership of nine state-owned oil companies from the ministry to the newly formed National Oil Company, the ministry said on Saturday.

A senior Iraqi oil official told Reuters that Abdul Mahdi had been annoyed by the original transfer decision which had been “made in a rush and without his approval.”

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dollarsign
10-22-2018, 03:15 PM
https://www.bloomberg.com/news/articles/2018-10-22/the-world-s-fourth-biggest-oil-producer-can-t-keep-the-lights-on

Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer.

Those actual production values, along with the cheapest production cost per barrel, will generate the fundamentals for a solid exchange rate weighted to the currency of their largest source of income.

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KBowersJr
10-23-2018, 08:11 PM
Hello group! I have not visited or posted in about 8 years! I am an old-timer who remembers Shotgun Susie and Medic! KBowersJr

dollarsign
10-24-2018, 12:33 PM
Wednesday, October 24, 2018
Iraq’s National Oil Company SOMO Wednesday sold two more cargoes of Basrah crude oil via DME Auctions, again achieving premiums above the SOMO Official Selling Price (OSP) for November.
The first cargo auctioned Wednesday was 1 million barrels of Basrah Heavy loading November 16-18, which was sold at November OSP +$0.11 per barrel. This was followed by 1 million barrels of Basrah Light, also loading November 16-18, which went for a premium of +$0.18/b above November OSP
SOMO has auctioned a total of 4 million barrels of crude via DME Auctions this week, including 2 million barrels of Basrah Heavy of Monday, which achieved OSP +$0.20/b

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calstar
10-24-2018, 09:10 PM
Hello group! I have not visited or posted in about 8 years! I am an old-timer who remembers Shotgun Susie and Medic! KBowersJr
So do I back in 2005

dollarsign
10-25-2018, 04:47 PM
Iraq will increase oil output and work with other OPEC nations to assure “fair” prices for buyers and producers, according to the nation*s new Oil Minister Thamir Ghadhban.

“Iraq will play a constructive, positive and influential role in OPEC," Ghadhban said in an interview overnight after his appointment to replace Jabbar al-Luaibi was announced. “We will work to increase output and export capacity for Iraq and also to diversify export terminals and improve the infrastructure.”
OPEC*s second biggest producer after Saudi Arabia has largely rebuilt its energy industry after decades of sanctions and wars. Iraq is pumping a record 4.78 million barrels day, al-Luaibi said last weekend. Its exports have increased over the past few years and reached a two-year high of 4.062 million barrels a day in September, according to tanker tracking and data compiled by Bloomberg.

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dollarsign
10-27-2018, 12:35 PM
13 October 2018, The Trade Bank of Iraq participated in the meetings of the International Monetary Fund (IMF) and the World Bank Group, which is held in Indonesia, Bali, 11-13 October 2018.
The meeting was attended by the President & Chairman of the Bank, Mr. Faisal Al-Himus, Assistant President Mr. Saif Al Mashhadani, Representative Chief executive officer Mr. Habib Bitar, and others.
The Bank’s representatives met with several international banks (JPMorgan, Standard Chartered Bank, Deutsche Bank, Commerzbank, Emirates Bank, Citi Bank, Active Bank ..) In order to Consolidation of cooperation and to strengthen commercial banking with Iraq through the TBI.
Faisal Al Haimus, Chairman & President of Trade Bank of Iraq said: “These meetings have been achieved to strengthen the joint cooperation between the two parties, which leads to the provision of many opportunities for economic growth in the Republic of Iraq, in preparation for the next phase, which will be more active to establish promising economic and investment partnerships. “
Strengthening international relations and expanding the network of foreign correspondents will lead to increased trade exchange which directly contributes to improving the economic reality in the public interest.

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dollarsign
10-31-2018, 01:57 PM
OCTOBER 31, 2018 / 4:16 AM
BAGHDAD (Reuters) - Iraq’s new oil minister Thamer Ghadhban said on Wednesday the current price of crude was “fair”, and that OPEC’s second-largest producer would be responsible in providing ample oil supplies to the market.

Iraq is OPEC’s second-largest producer after Saudi Arabia and pumps around 4.6 million bpd. The majority of its crude exports go to Asia. The bulk of Iraq’s oil is exported via its southern terminals, which account for more than 95 percent of the OPEC producer’s state revenue.
Iraq’s southern oil exports averaged 3.488 million barrels per day (bpd) in October, two oil executives told Reuters on Wednesday. Exports were down from the September average of 3.560 million bpd owing to bad weather, which slowed shipments on some days, the executives said. Iraq is seeking to increase crude production capacity to 7 million bpd by 2022 from 5 million bpd now. Ghadhban said Iraq also planned to increase exploration, especially in its western desert and along border areas.

strong production, no sanctions, both will be reflected in the value of it's currency.
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dollarsign
11-03-2018, 09:57 PM
Arbitrage has the effect of causing prices in different markets to converge . As a result of arbitrage, the currency exchange rates (https://en.wikipedia.org/wiki/Exchange_rate), the price of commodities (https://en.wikipedia.org/wiki/Commodity), and the price of securities in different markets tend to converge. The speed[3] (https://en.wikipedia.org/wiki/Arbitrage#cite_note-DamghaniCointelation-4) at which they do so is a measure of market efficiency. Arbitrage tends to reduce price discrimination (https://en.wikipedia.org/wiki/Price_discrimination) by encouraging people to buy an item where the price is low and resell it where the price is high (as long as the buyers are not prohibited from reselling and the transaction costs of buying, holding and reselling are small relative to the difference in prices in the different markets).
Arbitrage moves different currencies toward purchasing power parity (https://en.wikipedia.org/wiki/Purchasing_power_parity). As an example, assume that a car purchased in the United States is cheaper than the same car in Canada. Canadians would buy their cars across the border to exploit the arbitrage condition. At the same time, Americans would buy US cars, transport them across the border, then sell them in Canada. Canadians would have to buy American dollars to buy the cars and Americans would have to sell the Canadian dollars they received in exchange. Both actions would increase demand for US dollars and supply of Canadian dollars. As a result, there would be an appreciation of the US currency. This would make US cars more expensive and Canadian cars less so until their prices were similar. On a larger scale, international arbitrage opportunities in commodities (https://en.wikipedia.org/wiki/Commodity), goods, securities (https://en.wikipedia.org/wiki/Security_(finance)) and currencies (https://en.wikipedia.org/wiki/Currency) tend to change exchange rates (https://en.wikipedia.org/wiki/Exchange_rate) until the purchasing power (https://en.wikipedia.org/wiki/Purchasing_power) is equal.

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dollarsign
11-04-2018, 10:37 AM
In line with the development of the democratic process in Iraq and the resulting rotation of the authorities in a positive and stable atmosphere, the Central Bank of Iraq looks forward to continuing to play its pivotal role in building the state to improve the financial and economic situation in Iraq.

As a continuation of the central role of the central bank as a pillar of the country's economy, a positive improvement in oil prices coupled with sound fiscal and monetary policies will enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels.
Board of Directors
Baghdad

24/10/2018

stuff can get "lost in translation", but linking increases in oil prices to a rise in the banks reserves, as opposed to increasing the value of reserves to higher levels, is two different things, value vs. amount of reserves. A "stable atmosphere" has been cited numerous times as a requirement before taking "certain actions"...

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dollarsign
11-06-2018, 03:55 PM
Ghadhban did not specify what oil price he expected for 2019. He said a price above $70 per barrel was “fair” and that the higher the price, the better it was for Iraq.
“I compare it with previous prices ... when we talk about prices above 70 ... I say it’s a fair price, it’s not 30 or 50 and it’s not 100.
“In principle, the higher the price, the better for Iraq. But we’re not working alone .. we’re a member of OPEC. We see the interests of consumers and we want to be a viable producer and exporter,” Ghadhban said.

Additionally, they were a founding member of OPEC.
Fair? with the lowest production costs around, (as low as $4 in some places) their profits would be massive, more CBI reserves to value to higher levels...
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dollarsign
11-07-2018, 12:08 PM
Iraq's SOMO sells their oil on the Dubai Mercantile Exchange as mentioned earlier in this thread. But clearing and regulation is handled by...

("DME"). The DME is regulated by the Dubai Financial Services Authority (DFSA). All trades executed on the Exchange are cleared through and guaranteed by CME Clearing. CME is regulated by the U.S. Commodity Futures Trading Commission (CFTC) and is a Recognised Body by the DFSA.

Chicago Mercantile Exchange (CME)

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dollarsign
11-08-2018, 01:15 PM
Clearing

CME Group provides clearing services for customers around the globe through our clearinghouse, CME Clearing, which allows you to significantly mitigate and manage your risk.
CME Clearing is an intermediary between buyers and sellers in the derivatives market. As the intermediary, or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every trade.
By acting as the counterparty for every trade, CME Clearing helps you mitigate counterparty risk by maintaining a matched book and risk-neutral position. You do not have to worry about the other end of your trade falling through, because CME Clearing is always on the other end.
https://www.cmegroup.com/clearing/financial-and-regulatory-surveillance/clearing-firms.html?redirect=/tools-information/clearing-firms.html

That, is power...

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dollarsign
11-11-2018, 04:48 PM
https://cbi.iq/search?word=


click the window above "search" (black box top right)

LOWER CATAGORIES
COINS
FILS

They are coming...load em in.

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dollarsign
11-12-2018, 10:46 AM
https://cbi.iq/static/uploads/up/file-154200664738909.pdf

Which sanctions will be re-imposed after the 90-day wind-down period ending on August 6,2018? After the 90-day wind down period ends on August 6. 2018. the U.S. government will reimpose the following sanctions that were lifted pursuant to the JCPOA including sanctions on associated sanctions related to the activities below.

Sanctions on the purchase or acquisition of U.S. Dollar banknotes by the Government of Iran.
Sanctions on Iran's trade in gold or precious metals
-----------------------

acquisition of Dollars would cover/stop trading IQD for dollars to avoid direct purchase.
other sanctions due to hit in November, but I didn't list them.

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dollarsign
11-15-2018, 08:47 PM
On a larger scale, international arbitrage opportunities in commodities (https://en.wikipedia.org/wiki/Commodity), goods, securities (https://en.wikipedia.org/wiki/Security_(finance)) and currencies (https://en.wikipedia.org/wiki/Currency) tend to change exchange rates (https://en.wikipedia.org/wiki/Exchange_rate) until the purchasing power (https://en.wikipedia.org/wiki/Purchasing_power) is equal.

As a continuation of the central role of the central bank as a pillar of the country's economy, a positive improvement in oil prices coupled with sound fiscal and monetary policies will enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels.
Board of Directors
Baghdad

24/10/2018

LOWER CATAGORIES
COINS
FILS

They are coming...load em in.
________________________
I've looked at the portions of 3 recent posts and reached a conclusion. Just my thoughts, but here goes...

the CBI has different currencies in reserve, but only has the authority to increase the "value" of their own, the IQD.

given the way international arbitrage functions, the proposed currency basket for the IQD would fall into a range
that would make the IQDs purchasing
power about equal to their largest source of income, U.S. Dollars
IQ per Us$ index Weight: US$ 0.65; EURO 0.20; GBP 0.05; Swiss 0.05; Yen 0.0513
IQ per US $ index 2 Weight: US $ 0.6; EURO 0.20; GBP 0.10; Swiss 0.05; Yen 0.05
IQ per US$ Index 3: US $ 0.5; EURO 0.25; GBP 0.10; Swiss 0.075; Yen 0.075


finally, a few days ago, the option to view "lower categories, coins, and fils" appeared on the CBI site, though we can't see them yet, after going down for a hour or more on a few occasions.
it really looks good to me.
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dollarsign
11-16-2018, 01:24 PM
Then...

Mr. Marshall Billingslea of the United States assumed the position of President of the FATF on 1 July 2018.

Mr. Billingslea serves as the US Department of the Treasury’s Assistant Secretary heading the Office of Terrorist Financing and Financial Crimes.
Mr. Billingslea served as a Managing Director at Deloitte, responsible for its Federal Business Intelligence Services group


Deloitte is the Iraqi Kurdistan's oil auditing firm.

and Today...
COMMODITIES (https://www.reuters.com/news/archive/GCA-Commodities)
NOVEMBER 16, 2018 / 3:39 AM / UPDATED AN HOUR AGO
LONDON/BAGHDAD (Reuters)
Iraq restarted exports on Friday of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region, after a new government in Baghdad agreed a tentative deal with Erbil.

Rock on Mr. B. , rock on...

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dollarsign
11-19-2018, 11:40 AM
From pg. 14 of this thread... 9/22/18
European Commission President Jean-Claude Juncker called on Wednesday for the European Union to promote the euro as a global currency to challenge the U.S. dollar.
“We must do more to allow our single currency to play its full role on the international scene,” Juncker told the European Parliament in Strasbourg as he presented his annual program.
“It is absurd that Europe pays for 80 percent of its energy import bill – worth 300 billion euros a year – in U.S. dollars when only roughly 2 percent of our energy imports come from the United States,” he said.
“It is absurd that European companies buy European planes in dollars instead of euro,” he added. While Norway prices its substantial supplies to the EU in euros, an EU official said, other countries use dollars. Among the most important of these are Gulf states and Russia. (now we all see putins driving need to money launder, and find accomplices. No one wants his rubles).

Now, the Special Purpose Vehicle...
The SPV was conceived as a clearing house that could be used to help match Iranian oil and gas exports against purchases of EU goods, circumventing the U.S. sanctions, which are based on the global use of the dollar for oil trade. The EU wanted to have the SPV set up by this month, but no country has offered to host it, six diplomats told Reuters last week.
The European Union, France, Germany, Britain, Russia and China, participants with the United States in the 2015 deal that lifted sanctions on Iran in exchange for curbs on its nuclear program, have been trying to find ways to circumvent the U.S. limitations. In particular, the EU has been trying to establish a Special Purpose Vehicle (SPV) for non-dollar trade with Iran.

they are GREEN with ENVY over the Dollar's role in global trade.
I stay far away from politics, but they should really be focusing on this. In some agency I'm sure they are, but it would feel better if they let us know that.
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dollarsign
11-24-2018, 04:50 PM
https://www.bis.org/fsi/publ/insights11.htm

The Basel framework in 100 jurisdictions: implementation status and proportionality practices1
Executive summary
The Basel regulatory framework comprises a set of minimum global standards that are designed, in principle, for internationally active banks. As such, national authorities have the flexibility to determine the regulatory requirements for non-internationally active banks operating in their jurisdictions. In practice, Basel standards are imposed on a wider set of banks in many jurisdictions

This paper surveys 100 jurisdictions that are not members of the Basel Committee on Banking Supervision (BCBS) on how far they have adopted key prudential requirements of the Basel framework and, if so, whether and how they apply proportionality in their regulatory regimes.
As countries shift to the more complex Basel III RBC regime, greater differentiation andmore extensive proportionality strategies are applied.

from the CBI site (arabic download) on Nov. 18

To all licensed commercial banks ( the capital adequacy adequacy controls in accordance with the Basel III requirements )

Integration to the global financial system from the highest levels of authority is good.
The currency can't be far behind...

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dollarsign
11-25-2018, 12:53 PM
From the Strategic Framework Agreement

Section V: Economic and Energy Cooperation
Building a prosperous, diversified, growing economy in Iraq, integrated in the global economic system, capable of meeting the essential service needs of the Iraqi people,
To...
NOVEMBER 25, 2018 / 1:39 AM / UPDATED 5 HOURS AGO

Trade Bank of Iraq, StanChart, GE close $600 million power finance deal
DUBAI (Reuters) - Trade Bank of Iraq, Standard Chartered (STAN.L (https://www.reuters.com/finance/stocks/overview?symbol=STAN.L)) and General Electric (GE.N (https://www.reuters.com/finance/stocks/overview?symbol=GE.N)) closed a $600 million financing agreement to fund a power project in Iraq, the trio said on Sunday. Aimed at delivering more than two gigawatts of new power to Iraq, the ‘Power up Plan’ was part of the country’s rebuilding and modernization scheme, the parties said in a statement.


The currency will follow...

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dollarsign
11-26-2018, 12:40 PM
One day after this announcement
NOVEMBER 25, 2018 / 1:39 AM / UPDATED 5 HOURS AGO

Trade Bank of Iraq, StanChart, GE close $600 million power finance deal
DUBAI (Reuters) - Trade Bank of Iraq, Standard Chartered (STAN.L (https://www.reuters.com/finance/stocks/overview?symbol=STAN.L)) and General Electric (GE.N (https://www.reuters.com/finance/stocks/overview?symbol=GE.N)) closed a $600 million financing agreement

Commemorative Banknotes issued by Standard Chartered appear on the CBI site, accompanied by a document (arabic) from the CBI
Perhaps just Public relations, but timely for sure.

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crazyfrank
11-27-2018, 07:07 PM
$600 million

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we should take note that this announcement is scaled/negotiated with a bank ( Trade bank ) in Iraq as in US Dollars not IQD Dinars, yes?

dollarsign
12-01-2018, 09:27 PM
Right. Their largest source of income is in Dollars, major infrastructure projects priced in Dollars, at some point, there will be some convergence between the currencies. The gravity of one, pulls the value of the other towards it.

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dollarsign
12-05-2018, 02:41 PM
BRUSSELS (Reuters) - The European Commission published on Wednesday non-binding proposals to boost the role of the euro in international payments and its use as a reserve currency to challenge the dominance of the dollar.
The Commission admitted the dollar dominance was due to higher liquidity, lower transaction costs and its use as a benchmark in commodities and derivatives markets - prerogatives that can hardly be challenged in the short term.
__________________
Oil is The commodity essential for global commerce, so it looks like this is going to bother them for a while as they've stated before. I'm watching this, along with Brexit news, as the Euro and Pound were listed as two of the five currencies to be used in the basket for calculation of the value of the the IQD. These two tracks could certainly have short term impact on the dinar, but in any case, the Dollar will carry the heavier weight in the basket.
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dollarsign
12-11-2018, 03:03 PM
Iraqi PM focuses on oil, economic opportunities with US Energy Secretary Perry


He emphasized “the importance of developing bilateral ties between Iraq and the United States in all fields and the necessity to expand cooperation in the fields of energy, oil, and economic priorities put forth by the Iraqi government on its list of work priorities in a way that could lead to the growth and flourishing of Iraqi economy and the best investment for its natural resources.”

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dollarsign
12-11-2018, 03:41 PM
Here is a current example of how large denomination notes could be withdrawn from a system without disruption. It could serve as a model given that the CBI lists lower catagories, coins, and fils on their home page search window, but doesn't illustrate them yet.

After 26 January 2019 most central banks from the Euro System will stop issuing 500 euro (EUR500.1) banknotes.
Deutsche Bundesbank and Österreichische Nationalbank will continue issuing them until 26 April 2019.
After these dates 500 euro notes deposited to banks will not be reissued.The notes will continue to be legal tender without time limit.
Source: dw.com (https://www.dw.com/es/banco-central-alem%C3%A1n-emite-billetes-de-500-euros-hasta-abril-de-2019/a-46657945)

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