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Thread: Here we go!!

  1. #91
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    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
    Last edited by crazyfrank; 05-03-2018 at 02:37 PM.
    E Pluribus Unum
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  2. #92
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    check your PMs. I called them, and posted Mulder's thoughts there, Dana just sighed deeply and walked out!

  3. #93
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    Mulder's take on Polish note on CBI site...

    The second child of Jacob Wolfowitz (1910–1981) and Lillian Dundes, Paul Wolfowitz was born in Brooklyn, New York, into a Polish immigrant family, and grew up mainly in Ithaca, New York, where his father was a professor of statistical theory at Cornell University.
    Wolfowitz speaks five languages in addition to English: Arabic, French, German, Hebrew, and Indonesian.

    In 1972, Wolfowitz received a Ph.D. in political science from the University of Chicago, writing his doctoral dissertation on Nuclear Proliferation in the Middle East:

    Wolfowitz broke from this official line by denouncing Saddam Hussein of Iraq at a time when 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]

    From 1986 to 1989, during the military-backed government of President Suharto, Wolfowitz was the US Ambassador to the Republic of Indonesia


    After the 1991 Persian Gulf War, Wolfowitz and his then-assistant Scooter Libby wrote the "Defense Planning Guidance of 1992", which came to be known as the Wolfowitz Doctrine, to "set the nation’s direction for the next century."[15] As military strategist 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 (PNAC); he signed both the PNAC's June 3, 1997 "Statement of Principles",[29] and its January 26, 1998, open letter to President Bill Clinton.[30]
    In February 1998, Wolfowitz testified before a Congressional 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 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, "from that moment on, he and Wolfowitz used every available opportunity to press the case.


    President of the World Bank[edit]


    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.

    Wolfowitz is a former steering committee member of the Bilderberg group.

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

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  4. #94
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    From the mountains of Zuric

    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.


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  5. #95
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    Listed on UAE exchange

    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


    $

  6. #96
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    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...rom=IQD&To=USD

    what has changed here?
    E Pluribus Unum
    This note is legal tender for all debts, public and private.

  7. #97
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    Quote Originally Posted by dollarsign View Post
    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 !!

    $$$$$$
    E Pluribus Unum
    This note is legal tender for all debts, public and private.

  8. #98
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    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

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  9. #99
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    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...

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  10. #100
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    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.
    E Pluribus Unum
    This note is legal tender for all debts, public and private.

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