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Friday, May 18, 2018

IQD CHAT, 18 MAY

Spectra     Anyone who might have been doubting the Sadr-Hakim relationship will want to note this, from just a few hours ago this evening. 
https://twitter.com/UticaRisk/status/997252310337110016
 
sandyf    @Tebow IMF doesn't allow a country 2 currencies. What an idiot. Iraq's currency is the IQD. When time comes they will introduce the lower demons , also IQD, and over time the large 3 zero notes will go into the banks.
 
The US had large notes, which to this day are legal tender. - This is what comes from those incapable of understanding the documented procedures.
 Sandyf    There is a high probability that Iraq will revalue the monetary unit, known as the dinar, and this is what people want to hear. The problem is that many do not understand the difference between the monetary unit and the currency.

 
Over the last 20 years many countries have significantly revalued the monetary unit but none have ever significantly revalued the currency.
 
Ten years ago when Iraq was talking about redenomination they referred to the "Turkey model". Maybe someone can explain to Tebow how Turkey revalued the Lira.
 
chattels    MAKING SENSE OF IRAQ’S ELECTION
 
Posted by Iraqi Thoughts | May 17, 2018 |
 
http://1001iraqithoughts.com/2018/05/17/making-sense-of-iraqs-election/
 
chattels    http://1001iraqithoughts.com/2018/05/17/making-sense-of-iraqs-election/
 
chattels    official results have still not been finalised due to problems with the electronic voting system that was used for the first time, it appears Abadi has come second, behind Sadr and just ahead of the Iran-backed Fatah list.
 
 However, this election was never about who wins the most seats but who can form the biggest coalition. Despite the blow, Abadi still has a chance to maintain the premiership given his acceptability across the sectarian divide and his ability to balance Iraq’s relations with both Iran and the United States."
 
chattels    Now, Iraqi parties will go through a series of highly unpredictable negotiations to see which leader can gather the most seats in a majority coalition before the first session of parliament to form the government.
 
 This process is complicated in its own right, but Iraqi parties will have to navigate through regional politics too, with Iran, Saudi Arabia and Turkey all invested in Iraqi politics, as is the United States. This has already started, with both Ambassador Brett McGurk and General Qasim Soleimani reaching out to Iraqi leaders to influence the government formation process.
 
chattels    " Whatever happens next, Iraq will continue to prove its naysayers wrong and it will continue to surprise us."
 
chattels    Sajad Jiyad سجاد @SajadJiyad    Press conference by @Mu_AlSadr and @Ammar_Alhakeem imminently to (probably) announce their lists joining together as a coalition. They will have roughly 75 seats combined if results are confirmed
 
chattels    Sajad Jiyad سجاد @SajadJiyad    While not confirming fully that they are now in a coalition, @Ammar_Alhakeem says Hikma together with  @Mu_AlSadr Sairoon will talk to other parties about forming a government. To me that means some sticking points remain but they are on the same side
 
chattels    https://twitter.com/SajadJiyad?lang=en
 
chattels    David M. Witty @DavidMWitty1    In Iraqi election news, after Sadr (Sairoon) & Hakim (Hikma) meet to propose coalition, Iraqi communists (part of Sairoon) object to any alliance with PM Abadi. Say Dawa party too long in power.    http://mobp.as/vwHXl
 
chattels    " .............. a 55-51-50 estimate for Sadr-Abadi-Amiri. " https://twitter.com/UticaRisk?lang=en
 
dinard    sandyf@Tebow IMF doesn't allow a country 2 currencies. What an idiot. Iraq's currency is the IQD. When time comes they will introduce the lower demons , also IQD, and over time the large 3 zero notes will go into the banks. The US had large notes, which to this day are legal tender. - This is what comes from those incapable of understanding the documented procedures.............just when i thought i couldnt like the guy any more lol
 
Dinard    chattels this whole parliamentary election deal takes a long time. is there any limit they have to chose one by?     and by one i mean PM
 
chattels    dinard Yes and no.
chattels    90 days on the first " offering ".
chattels    The process will eventually produce a PM.
 
dinard    chattels wow thats quite a long time. do they have a number of offerings they are allowed to give out? im assuming they have an unlimited amount.
 
dinard    The new Turkish lira (Turkish: Yeni Türk Lirası) was the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus between 1 January 2005 and 31 December 2008 which was a transition period for the removal of six zeroes from the currency.[1] The new lira was subdivided into 100 new kurush (yeni kuruş). The symbol was YTL and the ISO 4217 code was TRY
 
Dinard    In late December 2003, the Grand National Assembly of Turkey passed a law that allowed for the removal of six zeroes from the currency, and the creation of the new lira. It was introduced on 1 January 2005, replacing the previous lira (which remained valid in circulation until the end of 2005) at a rate of 1 new lira = 1,000,000 old lira.
 
The official name of the currency is "New Turkish Lira". According to the Central Bank, the word "new" (yeni) is only a "temporary" measure.[2]
 
A news agency reported that "new" will be removed on January 1, 2009. The same source also indicated that the banknotes will have "different shapes and sizes to prevent forgery". The issuance of a new highest denomination, 200 lira, is contemplated at the same time.[3]
chattels    dinard     LINK
Dinard     https://en.wikipedia.org/wiki/Revaluation_of_the_Turkish_Lira
 
chattels    Constitutional Requirements ^^^^^^^^^^^
 
dinard    chattels i bookmarked it its telling me theres a server error
 
chattels" ............. the President of the Republic will assign another candidate to form the ministry within fifteen days."
 
chattels    I believe that such would continue every 15 days until there is an approved government by Parliament.
 
dinard    chattels makes sense. it would be foolish to keep people in suspense and kicking the can down the road. especially in a volatile region like that

dinard    meatball very well i fell asleep to early being tired from the gym and now i have free time to organize my tool bags until the sun comes up lol     meatball how about yourself?
 
meatball     dinard just got home from work..... from yesterday lol
 
dinard   meatball ouch! night job? or were you working from yesterday morning? also what do you do again i forgot lol
 
meatball    dinard started yesterday at 6am.... I teach welding in the am and I do weld inspection / programming in the evenings
 
dinard     meatball very cool. ive always wanted to get my welders certification for fun lol its a lot harder than it looks to weld
 
meatball    dinard not how I teach it lol    I teach the kids how to earn a living and what to expect in the real world
 
dinard    meatball im sure youd make a fine sensei but your probably very far lol i am sticking to youtube university until i have time for a class. thats probably the best lesson you could give them. it was easier to learn electrical than business   ill figure it out someday hopefully lol
 
meatball     dinard I teach them they will only go as far as they want to and nobody is gonna hand them anything     dinard travel , see the world on a company dime, have fun and save money..... sums it up
 
dinard     very nice advice. i got to go and see if i can catch some more sleep. ill travel someday soon. later folks
 
Spectra    Government of Iraq@IraqiGovt   The @IraqiGovt is working with @WorldBank to encourage local, regional and international investment to support reconstruction, improved public services and the creation of jobs #InvestIraq 
          https://twitter.com/IraqiGovt/status/997431605055508480
 
Zig  "JoeSchmoe sandyf If you actually "READ" the whole conversation, instead of what ONE person said, you would see that the person Tebow was resonding to said two separate currencies...IQD and IQR. I don't remember him including you or your statements in his post".....
 
Larrykn    Sadr meets Hakim to discuss possible governing alliance
 
Iraqi Shiite Muslim leader and head of Hikma party Ammar al-Hakim (L) and Shiite cleric Moqtada Sadr meet in the Iraqi holy city of Najaf on May 17, 2018. Photo: Haidar Hamdani / AFP
 
ERBIL, Kurdistan Region – Muqtada al-Sadr, leader of the winning election alliance Sayirun, has met with the prominent Shia leader Ammar al-Hakim, head of the National Hikma (Wisdom) Movement, in Najaf to discuss forming a government.
 
Both sides say they agree on the need to form a representative government.
 
“I am thankful to the Iraqi people who voted in the current elections, those who helped reform triumph. [For] even those who abstained from voting, thank you, as they didn’t give their votes to the corrupt,” Sadr told journalists following the meeting.
 
“God willing, we are looking at a new stage for building in Iraq a democratic, paternal and technocratic government,” Sadr added.
 
The two leaders have not always been on good terms, according to many sources, with Sadr once saying he would not engage with Hakim politically or share a platform this him prior to the election.
 
Hakim’s alliance came out as the sixth largest party in the election, even trailing behind the Kurdistan Democratic Party (KDP), with a preliminary result of 22 seats.
 
Hakim termed the meeting a “valuable opportunity,” where they discussed the election and its results and potential party combinations in government.
 
“We examined the necessity of forming a government that is national, strong, independent in its political decisions, dependent on the will of the free Iraqi nation, and with a national orientation that transcends components and represents all the sons of the people of Iraq,” Hakim told journalists.
 
Talk of a possible Sayirun-Hikma alliance marks a good start, Hakim said. Both leaders are open to further talks with any party standing on an anti-corruption, cross-sectarian and cross-ethnic, and pro-reform platform,
 
Spectra    JoeSchmoe Tebow already stated there will be no Two currencies....That's not worth the reiterating ...now this thing about someone needs to teach Tebow about the some one needs to show Tebow the Lira stuff is new....but i say who cares about the Lira ....
 
Spectra    The one person who was going on about two currencies was Dinard....
 
JoeSchmoe    Spectra lol sounds like him
 
Spectra    it was not Tebow so im not sure why sandyf didn't address dinard?

JoeSchmoe    Spectra but when dinard said iqd and iqr, that is what tebow was referring to as two currencies NOT coexisting. Sandy was way off base with his reply
 
JoeSchmoe    or imf not allowing 2 currencies
 
Spectra   right    not sure but he should have addressed dinard on the subject...
Spectra    i see all Guru's as just another person .....and not a authority on the dinar.
 
JoeSchmoe    sandy was referring to tebow as being wrong, not tebow. Sandy was trying to say that they will have it, but not listed as 2 separate currenies. Sandy misunderstood
JoeSchmoe    thats being nice to him lol    so i wont be nice....he didn't misunderstand, he just needs to get over himself   
 
Spectra    JoeSchmoe obviously something was misinterpreted...
JoeSchmoe    by sandy
 
JoeSchmoe    Sandyf    @Tebow IMF doesn't allow a country 2 currencies. What an idiot. Iraq's currency is the IQD. When time comes they will introduce the lower demons , also IQD, and over time the large 3 zero notes will go into the banks. The US had large notes, which to this day are legal tender. - This is what comes from those incapable of understanding the documented procedures.
 
Zig    That was Tebow calling Sandy an idiot.....sandy was quoting...
 
JoeSchmoe    Zig so to be clear....was sandy backing tebow's statement, or was sandy contradicting it?
 
Zig    Sandy doesn't separate his quoting others from his own thoughts clearly enough..
 
JoeSchmoe    Zig when sandy said "This is what comes from those incapable of understanding the documented procedures.", was he agreeing with tebow or putting him down?
 
Zig    Sandy, in that post "This is what comes from those incapable of understanding the documented procedures."
Zig   Saying Tebow does not understand.....and others..
 
JoeSchmoe   Zig so sandy is saying that everything tebow stated is false?
 
Zig    Pretty much....lol
 
JoeSchmoe    the only thing I see that tebow is wrong about is calling dinard an idiot
 
Tebow    Yes I called him an idiot. Sandyf reply '- This is what comes from those incapable of understanding the documented procedures.'. Which show nothing but his idiotic opinion. Nothing to back his opinion.
 
JoeSchmoe   everything he said in his post is what we have always believed/known to be true. So sandy is saying that the bulk of belief in dinarland is false....
JoeSchmoe    Sandy's belief makes up maybe 5% of dinarland's views.
 
JoeSchmoe    Tebow did you see the second part of his post?
 
Spectra    JoeSchmoe well he comes across as not being open to other peoples opinions too...sandyf.. When you do this and act forcibly ..that's the reaction ...
 
Tebow    JoeSchmoe so if we question (don't believe) him we are incapable of understanding

Zig   sandyf:  "Tebow: IMF doesn't allow a country 2 currencies. What an idiot. Iraq's currency is the IQD. When time comes they will introduce the lower demons , also IQD, and over time the large 3 zero notes will go into the banks. The US had large notes, which to this day are legal tender..............Sandy's Reply to Tebow: "This is what comes from those incapable of understanding the documented procedures."...........End of reply..............
 
"sandyf"    "There is a high probability that Iraq will revalue the monetary unit, known as the dinar, and this is what people want to hear. The problem is that many do not understand the difference between the monetary unit and the currency.
 
Over the last 20 years many countries have significantly revalued the monetary unit but none have ever significantly revalued the currency.
 
Ten years ago when Iraq was talking about redenomination they referred to the "Turkey model". Maybe someone can explain to Tebow how Turkey revalued the Lira."
 
Spectra    I am not going to comare a Turkey to a Goose.....lol
 
JoeSchmoe    that is the first time I ever heard anything like what sandy describes above
JoeSchmoe    Im no financial genius...or even a financial novice lol. But you would think that his above statement would have been said at some point during my 9 years in this thing.
JoeSchmoe    the only thing that I have ever tried to bring in this thing is common sense
 
Spectra    JoeSchmoe common sense goes a long way ....after all we all own it already correct...Did we buy it too listen to someone degrade it ...The choice is yours what you take in to your own head.....mine is one of The actual plan from the Dr Shabibi mixed with articles of the removal of the 3 zero's And the words of the central bank....nothing more .......

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