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Thursday, June 14, 2018

IQD CHAT UPDATED, 14 JUNE

Chattels    The high exchange rate of the dollar .. 120,500 dinars  13/06/2018
BAGHDAD - The exchange rate of the dollar against the Iraqi dinar witnessed a rise in the foreign exchange markets. The price of selling $ 100 on the battleground in Baghdad reached 120,500 dinars, after yesterday's price was 120.2500.

The purchase was 119,500 dinars, While the sale price of $ 100 on the Arbil Stock Exchange 121,000 dinars and when the purchase was 120,000 dinars, and in Basra the exchange rate 120,500 at the time of sale and 119.500 at the time of purchase.

http://www.dananernews.com/news?ID=10784
 ...
Tebow    Money Supply M0 in Iraq averaged 43874.35 IQD Billion from 2003 until 2018,

Ron Bandy    Reset Ready As President Recovers Stolen US & Chinese Gold ... William Mount

Xbruster69    “Iraq is dealing with all countries on the basis of equality of relations within the network of interests governed by international law,” calling “the Australian side to support Iraq in his bid to join the World Trade Organization,” adding that the accession process is important in facilitating the movement of trade and goods within World Trade Agreement.

From its part , expressed the the Ambassador of the Australian Lunds, expressed “willingness of its government to provide all kinds of support for Iraq , which is economically, geographically and politically weight important at the level of the region and the world,” noting that it “will provide possible support for Iraq ‘s accession to the WTO ( search4dinar )

Spectra    Government of Iraq   @IraqiGovt   PM @HaiderAlAbadi: In this post election period, the @IraqiGovt remains focused on the delivery of public services, creating an attractive environment for investors and building a fair economy for all..

​ https://twitter.com/IraqiGovt/status/1007200980004323328

Spectra   video Link    with english translation

holly    Economy News _ Baghdad   The Central Bank decided on Thursday to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and merchants in the markets. This is in order to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment.

The bank said in a statement received by Al-Iktissad News that "cash withdrawals are carried out by agents or authorized dealers who are contracted by the electronic payment companies to provide various services including cash withdrawals provided that the bank is provided with an updated register including their names, Which ensures their compliance with anti-money laundering and terrorism financing laws and the electronic payment service system. "

He added that "the ceiling of customers' lien by 2 million dinars per day and the proportion of commission updated not exceeding (0.006) during the day and the commission should not be less than two thousand dinars and must be visible in the tape to the customer."

"All cards (Key Card, Master Card, Visa Card) work according to this procedure," the statement said.

Spectra    Zagros Today  @ZagrosToday   The Yazidi population has been similarly decimated. Without immediate additional support, these groups may be forced to continue their unprecedented exodus, perhaps never to return to their ancient homes.(((Help Is on the Way for Middle Eastern Christians

Under President Trump’s orders, USAID is directing aid to persecuted communities in Iraq.)) https://www.wsj.com/articles/help-is-on-the-way-for-middle-eastern-christians-1528931329

chattels    What is needed is a new government led by an economy
13/06/2018 http://dinaralert.webs.com/apps/forums/topics/show/13481942-what-is-needed-is-a-new-government-led-by-an-economy

chattels    " ............. failures, combined with political and security instability and the war on terror, have led to economic instability and lack of vision to build a solid national economy capable of drawing the preconditions for a transition to a social market economy that I believe is the solution to our economic reality."

chattels    " One of the highlights of this march is the experience of the Central Bank in supporting the national economy while maintaining its functions and objectives specified in its law. The most important achievement of the Central Bank is its contribution to achieving economic steadfastness and strengthening the decisive victory over terrorism."

chattels    " One of the most prominent achievements was to stabilize the exchange rate and recovery of the Iraqi dinar and increase its purchasing power."

chattels    http://economy-news.net/content.php?id=12637

chattels    Courtesy DinarAlert

chattels    " The Central Bank has proved its clear ability to interact and analyze obstacles to work and create conditions to overcome the challenges, and that the road is still long before the Central Bank and the competent government agencies in order to achieve a sound national economy ..........."

chattels    http://economy-news.net/content.php?id=12637

chattels    Excellent article, IMO.

Spectra    ((Sadr welcomes Return of Iraqi Jews)) 14th June, 2018 --In a bold move, Iraq’s Shiite cleric Muqtada al-Sadr spoke in favor of the return of the Jews who were evicted from the country half a century ago. Sadr responded to a question posed by one of his followers June 2 on whether Iraqi Jews have a right to return after having been forcibly displaced due to previous Iraqi policies, noting that they used to own properties and were part of the Iraqi community. He said, “If their loyalty was to Iraq, they are welcome.” His answer was taken as tantamount to a religious edict, or fatwa.
chattels    Dollar and gold exchange rates in Iraq on Thursday  14/06/2018

The exchange rate of the dollar, Thursday, a slight rise against the dinar in the local currency market.

According to the figures, "the trend of selling the dollar in Baghdad today is 119 thousand and 500 dinars and the purchase price 120 thousand dinars compared to 100 dollars."

http://aletejahtv.com/archives/234362

Courtesy DinarAlert

chattels    The two preceeding days - " the second day ... The dollar stabilizes at 120 thousand dinar on the Iraqi Stock Exchange "
13/06/2018 https://www.ninanews.com/News_Details.aspx?oVjHQBGEC%252baZLSSAvoTGYg%253d%253d

Spectra  KTFA POST  )))14th June, 2018 SAMSON---The Central Bank allows cash withdrawals from points of sale and determines the commission rate)).. The Central Bank decided on Thursday to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and merchants in the markets. This is in order to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment. http://economy-news.net/content.php?id=12647

14 Jun 18, 09:08 AM Whitelions    National Bank of Iraq joins IBBC

http://www.iraq-businessnews.com/wp-content/uploads/2018/06/National-Bank-of-Iraq-logo.png

The National Bank of Iraq (NBI) has become the latest member of the Iraq British Business Council (IBBC) .

In a statement, the IBBC said it is facilitated to welcome one of Iraq's preeminent private sector banking organizations to join its growing financial and professional services sector table.

NBI was founded in 1995 as a publicly traded, private sector company offering comprehensive banking services to individuals and businesses. NBI's paid up capital was increased to IQD 250 Billion (USD 215 million) in December 2013.

NBI has been consistently growing in size and capabilities to serve Iraqi citizens with the highest quality financial services.

NBI's strategy revolves around offering a unique value proposition to multinationals and large corporates looking for professional commercial banking services in Iraq, as well as a solid platform for individuals to interact with. As a Jordan based Group, they are able to offer global access to funds and a comprehensive set of banking services to facilitate banking needs on the ground.

NBI is constantly expanding and modernizing its branch and ATM network in Iraq and are currently the only bank that has a branch in North Rumaila (Basra) and are in the process of opening new branches in Kathimiyya and Jameela in Baghdad and a new technologically advanced branch in Basra. NBI is also heavily investing in advancing its electronic channels and overall technological capabilities in order further modernize the banking process and offer a seamless banking experience to their clients.

NBI offers full-fledged investment banking, wealth management and brokerage services through its sister companies in Jordan, UAE and Iraq. The UAE subsidiary acts as the main gateway for multinationals and GCC based clients looking to raise growth capital or connect with local partners and enter into joint ventures for

Whitelions    for business expansion or new projects across Iraq. NBI's investment offering also includes a wide range of advisory services in M ​​& A, investment structuring and debt raising or restructuring.

NBI is regulated by the Central Bank of Iraq and publicly traded on the Iraq Stock Exchange It implements stringsent international anti-money laundering and compliance regulations, and is also one of the few banks in Iraq to implement International Financial Reporting Standards (IFRS), with PWC as its external auditor.

Zig    ZIGGY'S COUNTDOWN TO IMF COMPLIANCE: (IDEA STOLEN FROM "KAPERONI")...... ONLY 17 HOURS!...17 HOURS!...17 HOURS!...17 HOURS!....WILL THEN BE 90 DAYS WITHIN 2% RANGE....CAN THEN "APPLY" TO IMF FOR ARTICLE 8....THEN WOULD BE INTERNATIONALLY ACCEPTED....THEN THE FLOAT "COULD" START!..... 'happy-dance


Tebow    nothing is going to happen

 Zig    Of course not....it is a process...."Could Apply" for Article 8....may mean nothing....You are correct....just having some fun with it....my last post about it....LOL
Tebow    thank God

Clay   Breitling () – Phenomenal news out of Iraq. What happened…is going to push the revaluation of the dinar that much quicker and that much more…Security council…letting the CBI out of sanctions that happen on June 6th or 7th…It’s a big deal for us. There are a lot of entities and persons in Iraq that have been sanctioned and the CBI was one of them. People don’t realize this. The CBI could have revalued under the sanctions they were under. All they had to do was reduce the note count. So what does it mean for us?…

Breitling (Dinar Guru) – It’s not a coincidence that Iraq got out of these sanctions knowing where the price per barrel is going to go and the next thing you know they’re out of these sanctions…

So they are not going to have as many US dollars because the price per barrel is going to go down. What are they going to use? They are going to use the Iraqi dinar. So it’s a big huge deal for us. They were going to revalue anyways but now they’re open to that much more of the market and the market is that much more open to them. It was a huge weekend. People should be excited.

This thing is going to come down…that’s reality….Everything is set in place. They are going to revalue their currency. They’re going to add value to it. They are going to have to… [

Zig    Used to love listening to Breitling....but now think that he is just another Guru.....

Clay    6-13-2018  Adam Montana: Oil news is steady right now. GOI news is stable. For all intents and purposes, Abadi is moving forward in a pretty strong leadership fashion - I like it! Ramadan is less than 2 days from being over...and I'm personally excited to see how things go!

I'm not anticipating an immediate RV, but rather a steady progression of news related to the recent elections, followed by more OIL related news, then HCL, and THEN we will be in the "zone". This may take another month to get stars aligned, or it may be a mad rush... either way, I'm busy here at the office in preparation for what is coming.

6-13-2018 Frank26 For the UNSC to release sanctions speaks volumes. It’s telling the International world we have confidence in Iraq...in their banking system...in their government. The CBI has made multiple announcements and a massive media effort from the CBI will follow.

6-13-2018 RayRen98: Baghdad news and billboard signs are informing the citizens of the gradual phase-out of the US dollar and that soon the ATM's will be providing all needed notes, including the lower denomination notes. Al-Fallujah, approximately 43 miles away, is reporting the same type of information.

Weatherford TX.    So rumors have it we're all gonna be rich by July

Doug_W    umm like we have never heard that before Eh?
Doug_W    Weatherford TX.     you NEED to hang around more this is the most "chatty"

Weatherford TX.    Its hard to believe how long this has been going on and all the pumpers that have come along   Zig thanks for the invite ! Be back later this evening to visit.

Baxter    afternoon dinarville...    things are supposed to hit the fan on Monday...
Baxter    I listened to greg hunter yesterday.... man.... you talk about crooked politicians... they are all here in the u s

Doug_W    Who has ever heard the term "DWR"

tman23    Sterling according to seized records from the FBI had 700 million USD in Dinar sales ( how much of this was reserves is unknown ) so lets add 3 zeros and call it 700 billion Dinar......Consider they were one of the largest dealers and how much of that was supplied to other dealers ???

That being said we can start at 700 billion dinar......now how much did Trade Dinar and Ali sell ? ….. appears to be a few hairs away from 40 trillion Dinar out circulating amongst us … But who knows what the real amount is..
​Baxter    well... if they sold 700 billion dinar.... there is one heck of a lot more dinar in the U S... than we thought

Baxter    No wonder they were flying around in a Citation Ultra.......
Baxter    which was also seized by the FBI

meatbal    lthey made a few bucks no doubt

Baxter    man... I guess
Meatball    so what is the actual charge?

Baxter     I think they got in trouble mostly by selling the reserves...and not having the dinar in hand to cover it...    thats my guess

Baxterthis has been going on for over 5 years...and not even in court yet.... can you imagine the attorney fees?
Meatball    so this is all business practice related?

BaxterI think so...
IQD CHAT

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