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Friday, April 20, 2018

IQD CHAT, 20 APRIL

xyz: 4-19-2018 sandyf The last financial statement from the CBI was signed off on the 25th July 2017, so it will be a few months before we see the next one. The statement shows the total liabilities of the CBI as being 74,344,721 million IQD from which a liability of 45,231,515 million IQD (approx 61%) exists for currency issued. It should be noted that total assets are shown as 76,544,213 million IQD so equity in the CBI stands at about 2.9% of assets. In simple terms, very close to being technically insolvent.

sandyf: @Tebow: ask him how were they going to chance salaries, contracts, prices for goods, banking accounts, etc daily with a gradual float................

​Again he could not answer - Well done, a bit of grey matter in play. This is exactly why movement in a floating currency is extremely low.
 ...
sandyf: @Tebow As soon as there appears to be any sign of disruption to the economy there will be central bank intervention particularly if it is appreciation as opposed to depreciation. I asked previously which countries had allowed significant appreciation without intervention, still no answer.

xyz: "Abadi" on the list of "Time" magazine among the most influential figures in the world

LINK

 sandyf: @Zig: I doubt if the majority of IQD is outside of Iraq.... - I haven't seen any sort of estimate for some time. Back around 2010/11 when the dinar dealers were in their hayday it was estimated that appoximately two thirds was outside the country, around 20 trillion.

Obviously without any factual basis and some of the theories about who actually has dinar is questionable. The one thing that we do know is that in 2003 it took around 6.5 trillion new dinar to replace the old so a good indication of how much was in Iraq at the end of 2003.

The amount of currency in circulation is relative to the needs of the population which in 2003 was about 25 million, 30 million in 2010 and currently stands at just below 40 million. The rise in the amount of currency in circulation has far exceeded the rise in population and it should be borne in mind that currency that has migrated across local borders is still outside Iraq.

I would not think it unreasonable for somewhere in the order of 50/60 percent of the currency to be outside the country. If that were the case I can see it being a major headache in terms of a redenomination. There could be severe repercussions if Iraq were to say that the IQD can only be exchanged in Iraq.

sandyf: @KJWayne: IF it WAS $3.21 and we sanctioned them, then WHY can't it go back to $3.21? -

There is a very good reason why not. At the time the dinar was rumoured to be at that rate ther was about 20 billion IQD in circulation, that would have put the liability on the CBI at around 64 billion USD.

When the new IQD was introduced in 2003, 6.5 trillion were put into circulation at a rate of 1900/USD, this would have made the liability on the CBI in the order of 3.4 billion USD.

As at the 31st March 2018 the liability on the CBI in respect of issued currency the equivalent of 35.6 billion USD. A revaluation to $3.71 would put the liability on the CBI to about 156 trillion USD, or to put it in perspective, nearly 8 times the US national debt.

sandyf: @xyz: Where does Professor @sandyf get all his stuff from? Why can't the Dr. sandyf cite - by providing public record like a URL? .... Zig I love you guru ;banana -

All the URLs that you so desperately need are readily available for those prepared to look.

As for the mathematics, does that really need explaining. Of course it is much more fun to indulge in a bit of character assassination than do some homework.

sandyf: Looks like a virus in the camp, or should I say viper.

xyz: @sandyf so are we classroom and expected to be graded by dr. sandyf? Do we receive extra credit if we find multiple citing?

xyz: @sandyf are to trust that you are holy and don't make up things like you colleague gurus who like to say stuff to feel important?
dinard: @xyz 4-19-2018 BGG Article: "Instructions and criteria for circulation and replacement of banknotes" There is an extraordinary amount of information in this article – just stunning. They are obviously preparing for something. What?

No clue...but this key phrase seems to forecast some need for small denominations of notes. Key Phrase: ..."Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches, And promoting the circulation of small denomination banknotes”…
meatball: stunning..... lol

dinard: @xyz i went flacid when i read the translation of this article but bgg got a raging dinar. i dont think reading comprehension levels are good with this one

dinard: Now Iraq Has Started Bombing Syria Too (Updated) The Drive-12 hours ago Iraq has a number of fixed-wing combat aircraft including F-16IQs, T-50s, Su-25s, and armed Cessna Caravans.....................these dudes are bombing with cessna airplanes? they need a RV and step their lane game up

blackgold: I'm just waiting for 1 to $1 and then it will rise days later to its real rate. at one to one i can pay off bills and get ready for the big pay off later

dinard: https://oilprice.com/Latest-Energy-News/World-News/Exxon-Iraq-at-Odds-on-Major-Oil-Contract.html ...................... if kap is listening id like to know what kind of projected float this project will have on the dinar rate

blackgold: Iraq is bombing Syria ? thats a laugh they couldn't stop ISIS

blackgold: looks like the USA didn't have the stomach to bomb Syria,so the got Iraq to be Mercenaries
blackgold: shame

dinard: good let them die to clean up their own mess

blackgold: Rv another two years    blackgold: have a good night

dinard: and we pretty much ran live missile tests over there so we pretty much bombed them

xyz: @blackgold have you joined zig"s professor and mentor dr. Sandy as conspiracy theorist?

dinard: "Trudeau Gives The Trans Mountain Pipeline Hope" pretty sure he only allowed it to happen because it had the word trans in it

chattels: Thought-provoking thread on possible policy for @IraqiGovt: "The investment climate in Iraq now is the best I’ve ever seen it; far from perfect, but the positive trajectory on all fronts – economic, social, political – is undeniable. "https://twitter.com/gfelge/status/986679846125305856

Zig: Chattels will like that.....lol

dinard: @Zig way to exercise the 5th

xyz: @Zig I concur

xyz: 4-19-2018 Intel/Newshound Guru American Contractor ...You may see some action possible after the elections depending on which party has control of the government. The Iraqi parliament will have to vote on the delete the zeros project given that they did not get the opportunity in 2012.

The Iraqi cabinet stopped it because they believed the economic climate was not yet ready. ...Oil prices are continuing to go up and businesses are returning although cautiously and investing in startups and existing companies... ...You will learn of the delete the zeros project getting ready to be implemented when you read that there is a education campaign going on inside Iraq.

The education campaign will consist of news media, flyers, and radio advertising to get the word out. The CBI wants to make sure that everyone is informed about the delete the zeros project...

Zig: I invited AC yesterday....lol
xyz: 4-19-2018 Intel/Newshound Guru American Contractor ...In the course of the next few months you may quite possible see media reporting about a delete the zeros project. According to the intel I have, as well as info I received today from a banker, the delete the zeros project is going to be progressing at a much faster pace, and word has it that new information will be published after Ramadan. ...

Everything from this point on is riding on the upcoming national and local elections (May 12). There appears to be a vast more supporters than not for the delete the zero's project...


xyz: AC http://www.fromtexttospeech.com/output/0873393001524191808/35441203.mp3

dinard: I got Intel from a banker today too. He was all like nice check you got there we're going to hold your money for 5 days

dinard: https://financialtribune.com/articles/energy/84646/iraq-delays-oil-auction

chattels: If Shabbibi did not know and if he did, could not say when the dinar would have value, and the delete the zeroes equates to value on the dinar, why would Iraq " announce " or foreshadow such a change with an advance public educational campaign ? Kinda silly I think, eh ?

Baxter: If interested... Kaperoni call is; Please join us. (641) 715-3670 Code: 296983#

Baxter: evening Chattels..

chattels: @Baxter good evening sir

xyz: @Baxter is Kaperoni celebrity professor sandyf the smartest and intelligent guru per Zig

Baxter: I dont know this sandyf.... other than a few posts in here... I think I go to bed before he gets here normally

Baxter: Everyone has their own opinion... and thats fine...
Baxter: I just want my dime... and soon

xyz: @Baxter so does dough but ... he get an briefing from Zag @ 5am of incredible Intel from Thailand

Baxter: is that where sandyf is from... Thailand?
Baxter: Ok..... thats about 12 hours ahead of us.. I think

xyz: @Baxter so I hear ... no wonder Zig is on our late schedule

Baxter: yep

Zig: @xyz : LOL...You are something else...you know that?...Kap and I only are acquainted through my being at Dinar Alert and inviting him to come here....only know Sandy from another forum....Yes, Baxter....he lives in Thailand and has opinions like everyone else...and I never listen to live calls....Later.....

chattels: Change: Baghdad sent 317 billion dinars for the disbursement of salaries of employees of the region 19:35 - 19/04/2018 http://www.almaalomah.com/2018/04/19/302403/

chattels: Courtesy DinarAlert

dinard: anyone know what kind of contractor american contractor is?

Baxter: not a clue dinard..: never heard of him... at least for a long time..

chattels: Seems to me that I heard that " American Contractor " did work back in the day in Iraq.

xyz: @dinard yes ask Zig ... they are reno smoking buddies

dinard: @Baxter if hes just some sort of general or sub contracor idk how anyone can take his intel seriously

Baxter: you know... I think you are right chattels... I remember him now

dinard: @chattels i was hooping iraq rebuilding or security contractor lol

Baxter: whether he actually was there.. who knows

chattels: He may have been security related, but I really do not know.

Baxter: been a long time since he has posted... I think..


dinard: Now Iraq Has Started Bombing Syria Too (Updated) The Drive-12 hours ago Iraq has a number of fixed-wing combat aircraft including F-16IQs, T-50s, Su-25s, and armed Cessna Caravans.....................these dudes are bombing with cessna airplanes? they need a RV and step their lane game up

blackgold: I'm just waiting for 1 to $1 and then it will rise days later to its real rate. at one to one i can pay off bills and get ready for the big pay off later

dinard: https://oilprice.com/Latest-Energy-News/World-News/Exxon-Iraq-at-Odds-on-Major-Oil-Contract.html ...................... if kap is listening id like to know what kind of projected float this project will have on the dinar rate

blackgold: Iraq is bombing Syria ? thats a laugh they couldn't stop ISIS

dinard: @blackgold with ****ing cessnas. whatd they drop on em?

blackgold: looks like the USA didn't have the stomach to bomb Syria,so the got Iraq to be Mercenaries
blackgold: shame

dinard: good let them die to clean up their own mess 
blackgold: Rv another two years  blackgold: have a good night

dinard: and we pretty much ran live missile tests over there so we pretty much bombed them
 
dinard: "Trudeau Gives The Trans Mountain Pipeline Hope" pretty sure he only allowed it to happen because it had the word trans in it

chattels: Thought-provoking thread on possible policy for @IraqiGovt: "The investment climate in Iraq now is the best I’ve ever seen it; far from perfect, but the positive trajectory on all fronts – economic, social, political – is undeniable.

https://twitter.com/gfelge/status/986679846125305856

Zig: Chattels will like that.....lol

NickNak: What up?  NickNak: This Rv thing is going down soon I hear
  IQD CHAT

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