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Friday, December 29, 2017

KTFA UPDATE, 29 DEC

Will:  Quick question concerning an updated rate. Does Iraq need to wait until the countries that they will basket with are also ready?  Or if they will continue to be USD pegged, do they have to wait until the USD publicly transfers to asset backed?  Thanks

Frank26:  ALL IS DONE IN PRIVACY ........... THEN PUBLIC .......... WHEN THEY CHOOSE TO.

THIS IS FOR YOU VIA ............. MY OPINION ........... THE USA IS NOW ASSET BACKED.
END OF STORY.

AS FOR THE OTHER CURRENCIES ...........THEY HAVE BEEN LIKE YOU ........ WAIT FOR THE TIMING OF A............. CALLED THE LL (long line) AT KTFA. 

ALOHA WILL \M/
....
OH ...... AND ONE LAST DETAIL I GAVE IMO ..................... WE %$#@ WON !!! !!! !!! 

YOU KNOW HOW A PARENT GENTLY LETS GO OF THE BACK END OF A BICYCLE ............ AND GIVES A TENDER FINAL PUSH IN ORDER TO HELP THE CHILD FIND THE RIGHT BALANCE IN THEIR FIRST RIDE?

SO SHALL MY TEAMS BE WITH YOU ..............SOON ............ WITH TWO ARTICLES OF A FULLY LIBERATED ................ IQD.   BELIEVE ............. AND WAIT ................. .......... DOES THAT SOUND FAMILIAR?

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Cornhusker:  So the 2 articles are not happening till after the 1st of jan? 

MilitiaMan:  Imo Not necessarily will that be the case. Once all markets and banks are closed again for the last time this year they could then during the closure time or even just after the realignment "" and prior to the opening of the new market give out the two articles describing what we are waiting for, as there is nothing effectively anyone can do about it.
Essentially it is during that time there will be a level playing field. One that is or would be recognized as being fair and legal...

Now my question is there market open this Sunday? Or will they call for it to be a holiday like they did on Christmas Eve?

If they do that it may be very telling, therefore, if so it won't be out until the last minute again.. jmtc – MM

Frank26:  REGARDLESS OF WHEN A DROWNING PERSON IS THROWN 2 LIFE VEST RIGHT NEXT TO THEM ...................... SHOULD THAT PERSON COMPLAIN ABOUT THE DISTANT TO GET TO THEM OR SHOULD HE ............... SWIM LIKE JOHNNY WEISSMULLER TO THEM ? 

I PROMISE ..........IMO......LOL.............

TWO ARTICLES ARE COMING BEFORE OR AT THE RIGHT TIMING OF A AND ALACK !!! !!! !!!


Will:  BROTHER!  Why did you just switch to red???!!! 

Frank26:  ONLY I CAN USE RED ................ FOR A PURPOSE…BEEN WANTING TO USE IT FOR THE LAST 9 YEARS !!! 

Budman:  RED ALERT!!

MilitiaMan:  Frank I am A-Alak-N those bold red words!!!

Hazen:  Bring on these 2 articles....  Looking and waiting.....would love to see it in 2017 and kick off 2018 with fireworks!!  Come on stop the auctions and change the rate

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MilitiaMan:  In moment of silence.... this article brought out a scream from me!!! Holy @&$# Abadi called a holiday right on que!!! TIMING!!!!  -MM

JesusLovesBaseball:  Abadi to disrupt the official working day next Sunday

Friday, December 29, 2017 - 06:38 PM

Prime Minister Haider al-Abadi on Friday decided to disrupt the official working hours of state departments and institutions on Sunday.

The Secretariat General of the Council of Ministers said in a statement received by al-Marbid, a copy of it, "With the continued joy of Iraqis in the days of liberation and honor of our security forces and in view of the coincidence of the Iraqi Army Day on Saturday, and the advent of a new year of ADI, Abadi to disrupt the official day of Sunday, 31/12/2017
LINK

StephenMac63:  Hmm, they dont work on Saturday, Sunday is a Holiday for Iraq,,,,Monday is a Holiday for the USA......in the voice of Speed McQueen as he looks at the Hudson Hornet from behind a ridge I say......."Is this how they are going to do Shabibi's 3 day weekend?"

CanadaGirl:  WHAT A COINCIDENCE.....IT'S AT THE "END OF A YEAR" JUST LIKE SHABIBI RECOMMENDED.....TIMING!!!!!!!!   LET THE HALLELUJAH'S ROLL!!!!!!!

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JesusLovesBaseball;   Central Bank reveals its reserves of hard currency

38 mins ago
 
Iraq's central bank governor Ali al-Alaq said on Tuesday that the bank's reserves of foreign currency amounted to 48 billion dollars, pointing out that Iraq will not resort to floating the currency.

"The central bank reserves of foreign currency currently amount to 48 billion dollars," al-Alak said in a press statement Tuesday. He added that "Iraq, which is one of the oil states depends on a fixed exchange rate, or fixed with flexibility, and does not resort to the method of floating, unless their reserves are controlled to a level without enough, which did not happen either in Iraq or other oil countries."

"The flotation is difficult to apply in Iraq, considering that the government, de facto, monopoly the offer of the dollar and foreign currencies."

The floating currency is to make the exchange rate of this currency fully liberalized, so that the government or central bank does not interfere in determining it directly, but is automatically discharged in the currency market through the mechanism of supply and demand, which allows to determine the exchange rate of the national currency against foreign currencies.

Floating exchange rates fluctuate constantly with every change in supply and demand for foreign currencies, so they can change several times per day.   LINK

Will:  spill the beans Alak!   (big grin)

Fenway:  48 Billion DOLLARS? Which, at today's rate is over 60 Trillion DINARS?

Which, per an earlier article today states is more than the entire "cash mass" I think was the term, in circulation in all of Iraq.

Maybe Allak DID just spill the beans.
Get1Later:  Are they ANTICIPATING a Change in Purchasing Power or do they REALLY HAVE IT NOW ( and their keeping it quiet from the world)?

Samson:  The market movement in Iraq is witnessing a rise in the number of people celebrating the New Year
 28th December, 2017

The movement of Iraqi markets as the New Year's Eve celebrations witnessed a great demand by citizens to buy and buy food, fireworks, children's clothing and sweets.

The economic expert Bassem Jameel Antoine said in an interview with "Economy News" that "the movement of markets is witnessing the popularity of shopping by citizens and the purchase of ornamental trees and statues of Pope Nouil, as well as sweets and pastries to celebrate the new Gregorian year."

He added that "the announcement of the final victory on calling and extending the bridges of trust with neighboring countries, especially the recent opening with Saudi Arabia after the cooling off in previous years and the rise in oil prices all led to the stability of the Iraqi economic situation relatively," noting that the stability of oil prices by 57 ) Dollars per barrel will be reflected positively on the public budget and reduce deductions from employees and retirees, which will revive the market and commercial movement in general.

The International Airport of Baghdad, registered a significant increase in the rate of incoming and outgoing flights on the occasion of New Year's Day, adding that the airport receives daily more than 20 thousand passengers.

"Baghdad International Airport receives daily more than 110 flights between the coming and departing, with more than 20,000 passengers on board, especially with the New Year holidays," Air Transport Director Ali al-Sharqi said in a statement received by Al-Iktissad News.

He pointed out that "Baghdad International Airport has seen great preparations to receive the new year, while extolling its potential to provide everything that would facilitate the departure and arrival procedures."

For his part, the owner of one of the sweets shops in Baghdad, Ahmed Kazem, said that "the popularity of citizens to buy candy cake and sweets compared to previous years vary by 20 50% from the demand when entering the organization calling for Iraq and the disappearance of the phenomenon of celebration, especially in the center and north, but after the defeat of terrorist groups touched The increasing demand for buying and the high demand for sweets and ornamental trees. "

"The Iraqi citizen is still suffering from lack of financial resources and weak purchasing power because of the lack of job opportunities for unemployed youth and increasing numbers during these years," said Karim Hussein, noting that "despite the lack of financial resources, the citizen today is preparing to celebrate the coming of the glorious calendar year after The great victory achieved by the security forces against criminal gangs, hoping the government to provide job opportunities for unemployed youth and reconstruction of what was destroyed by terrorism in the liberated areas

http://economy-news.net/content.php?id=10361

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