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  1. #21
    Supporter and Investor! PennStateMtnMan's Avatar
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    Quote Originally Posted by BatmaninIraq View Post
    My friend told me some of them wants 1 IQD = 1 USD and the others wants 1 IQD = 1 EURO
    It doesn't matter what they want, it is how we get there. If they lop it, then the dreams of being millionaires are over.

  2. #22
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    11-30-2017 Newshound Guru Kaperoni ...there is no RV its a hoax...currencies do not work that way. [SO NO RV? WE HAVE BEEN SCAMMED?] if you been told the dinar will RV, then yes you been scammed. I've been in this way too long. There is no such thing as a "program rate"... Yes, the IMF has ask the CBI to lower the rate in 2015, but there was a specific reason for that documented in the Article IV consultation. More importantly, if you read the most recent delete zeros article, they confirm the dinar will rise "gradually". If you read the IMF docs, and other news reports you would know the dinar is going to leave the Peg at some point and float. In doing so, the value will rise based on supply and demand. The value will rise, just not overnight...there will be no running to banks to cash out...thats all bs. Once they float, it may take 6 months to a year to get to $1...they never said that would happen overnight!

    The CBI could never RV the dinar. If the CBI wants international commerce, they need to float the dinar and let the world set the rate. You need to understand that Iraq is in a closed monetary system at the time being. Until they meet the conditions set forth by the IMF for Article VIII compliance they will not move from that. And currently they have at least 2 condition keeping them in Article XIV. They owe money to Jordan and they are well over 8% out of compliance on managing the spread which is the difference between the official rate and market rate. Going back several years the plan has always been to gradual raise the value to equal $1.

    Here is a quote from a 2007 article... "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." And this from a recent delete zeros article: "Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar...". There is no mention of anything overnight. [...assuming these articles are correct and not trying to mislead, you feel it will reach 1-1 in a years time?] yes.

    MIKE because Im not a GURU try to believe on HIM

  3. #23
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    Expect the incoming NEWS about AL WARKA Bank......

  4. #24
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    hopefully good news but I won't hold my breath. See the entire Warka website is down again.

    Quote Originally Posted by BatmaninIraq View Post
    Expect the incoming NEWS about AL WARKA Bank......

  5. #25
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    Quote Originally Posted by BatmaninIraq View Post
    11-30-2017 Newshound Guru Kaperoni ...there is no RV its a hoax...currencies do not work that way. [SO NO RV? WE HAVE BEEN SCAMMED?] if you been told the dinar will RV, then yes you been scammed. I've been in this way too long. There is no such thing as a "program rate"... Yes, the IMF has ask the CBI to lower the rate in 2015, but there was a specific reason for that documented in the Article IV consultation. More importantly, if you read the most recent delete zeros article, they confirm the dinar will rise "gradually". If you read the IMF docs, and other news reports you would know the dinar is going to leave the Peg at some point and float. In doing so, the value will rise based on supply and demand. The value will rise, just not overnight...there will be no running to banks to cash out...thats all bs. Once they float, it may take 6 months to a year to get to $1...they never said that would happen overnight!

    The CBI could never RV the dinar. If the CBI wants international commerce, they need to float the dinar and let the world set the rate. You need to understand that Iraq is in a closed monetary system at the time being. Until they meet the conditions set forth by the IMF for Article VIII compliance they will not move from that. And currently they have at least 2 condition keeping them in Article XIV. They owe money to Jordan and they are well over 8% out of compliance on managing the spread which is the difference between the official rate and market rate. Going back several years the plan has always been to gradual raise the value to equal $1.

    Here is a quote from a 2007 article... "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." And this from a recent delete zeros article: "Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar...". There is no mention of anything overnight. [...assuming these articles are correct and not trying to mislead, you feel it will reach 1-1 in a years time?] yes.

    MIKE because Im not a GURU try to believe on HIM
    Scam would mean I got ripped, off ,they loop the three zeros i get my cash back no harm done. Flipping a coin heads RV tails loop .WHO REALLY KNOWS ,NO ONE! They sure not going to tell the truth if they did RV. LONG SHOUT DO OCCUR ,BLACK SWANS events ARE SO RARE , BUT they do OCCUR
    Last edited by ETA; 12-03-2017 at 12:40 AM.

  6. #26
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    The Central Bank strengthens banks in local currencies of small groups

    Baghdad / Al-Ghad Press:
    Called the Central Bank of Iraq on the need to maintain the local currency, pointing to the strengthening of local banks in local currencies of small groups.
    A source from the Central Bank of “Al-Ghad Press”, said on Tuesday that “the bank calls for the preservation of the local currency and the strengthening of banks with small groups of local currency,” pointing out that “the printing of the Iraqi currency and replace them cost amounts,” calling on citizens to maintain and maintain Bank notes when trading “.

    He revealed that “the Central Bank has announced a tender for the printing of new banknotes (small categories) in the printing companies of the world.”
    The source said that “the Central Bank to pay cash from small groups to government banks and private banks have been distributed amounts given to banks during the month of November last year of the current (554,000,000) dinars (one hundred and fifty-four million dinars) category 1000 dinars and the amount of (202,500,000) Dinars (two hundred and two million and five hundred thousand dinars) category of 500 dinars, “adding that” the Central Bank of Iraq pays to the Rafidain and Rashid Bank an amount not less than (200 million) dinars (two hundred million dinars to change) in almost every withdrawal of its own assets.



  7. #27
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    France is looking to expand investment cooperation with Iraq



    At the employers' forum between the two countries
    Baghdad / Hussein Thugb

    The Iraqi-French Council of Employers examined the reality of the implementation of projects in Iraq, the possibility of technology transfer and the secret of industrialization to stimulate local production and enter into mutually beneficial partnerships.

    This came at the meeting of the two countries sponsored by the National Investment Commission and attended by the private and public sectors in both countries and the governors of Baghdad, Basra and Maysan. Chairman of the Investment Authority d. Sami Al-Araji said: "The convening of this Council is of particular importance because it will benefit the two countries, where the delegation is familiar with all investment opportunities, especially that it includes international companies have implemented major projects and today was signed memorandums of understanding with the provinces of Baghdad and Basra to implement the two metro projects, Transport in both governorates ". Job opportunities The head of the French side of the French-Iraqi Council of Employers, Arnoud Berlak, called for "expanding cooperation between the two countries, especially in the field of investment and this represents a later stage after reviewing the employment opportunities available in Iraq,"

  8. #28
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    12-09-2017

    URGENT Iraq announces its withdrawal from Chapter VII

    The Foreign Ministry announced that the Security Council issued a decision to leave Iraq from Chapter VII. “After the series of diplomatic successes achieved by the Iraqi Foreign Ministry has culminated in the issuance of a resolution of the Security Council to exit Iraq from Chapter VII in the oil-for-food program after the Foreign Ministry Spokesman Ahmad Mahjoub said in a press statement Complete all obligations of the program “.

    “In continuation of the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to end the files of Iraq in the Security Council inherited from the era of the former regime and issued under Chapter VII of the Charter of the United Nations, this ministry worked through our representative in New York, The United Nations and other Member States for the adoption of resolution 2390 (2017), adopted unanimously by the Security Council on 8 December 2017, in which the Security Council concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed by Chapter VII under resolutions 1958 { 2010} and Resolution 2335 {2016} “. “The new resolution is an important step in the restoration of Iraq’s natural status and international standing, which confirms the end of Iraq’s obligations under Chapter VII on the oil-for-food program after it was implemented in full.”

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