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Monday, August 6, 2018

KTFA UPDATE, 6 AUGUST

Richard:  I just saw and read post 237 on yesterdays thread the article that Walkingstick posted. I have read this three times now and perhaps I am just to tired to understand it, but it seems to me that we do not want the zeros deleted instead we want just a reinstatement. Since with a deletion of the zeros we will only make at best a couple thousand not what we are hoping for. If someone could please help me with what I am missing I would greatly appreciate it.  

StephenMac63:  Hiya Richard,

The zeros that are going to be removed will be in the exchange rate, not on the actual currency that you hold.

Right now the exchange rate is listed at around .0008. Its the three zeros to the left of that 8 they are speaking of removing.



They HAVE to remove the three zeros in order to Reinstate because right now the value is too low, when they remove those three zeros from the exchange rate it will slide that 8 all the way up to what looks like .8, but even at .8 its still not equal to 1 USD. In order for them to be even admitted onto the world market they HAVE to be 1-1.
     
They "could" come out at .8 but they would lose a lot of money. Iraq doesnt have full control of the English Language and much can be lost in translation.

For example, when you hear "Lifting of the zeroes", imo, this means to remove the notes from the streets that have three zeros, such as the 25000.....but they will exchange it with lower notes such as One Hundred 250s, same value, only in different denominations.

This removes the high notes from circulation and puts lower notes into circulation.

This is from what I understand, hope it helps……IMO, of course

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Samson:  Security Council to hold a meeting on the situation in Iraq

 6th August, 2018

The Security Council is scheduled to hold next Wednesday a hearing on the situation in Iraq. 

"The United Nations Security Council will hold a meeting on the situation in Iraq on Wednesday, August 8, 2018 at 10 am New York time (5 pm Baghdad time)," the UN Mission in Iraq (UNAMI) said in a statement received by Mawazine News. "He said. 

"It is expected that the Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubic, briefing shortly after the start of the meeting on developments in Iraq and the United Nations Assistance Mission for Iraq (UNAMI)." LINK
 
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Samson:  Victory: regional and international support to keep Abbadi as prime minister for a second term

 6th August, 2018

A member of the coalition of victory Aqil al-Ridini, Monday, 6 August 2018, on the existence of regional and international support to keep the outgoing Prime Minister Haider Abadi as prime minister for a second term.

"It is difficult for an alternative figure as prime minister to accept the acceptance of regional and international states because these countries, represented by America, its axis, Iran and its axis, have common interests with Iraq," he said in a statement.

On the other hand, he explained that "this year's elections did not result in a large bloc that could produce a prime minister directly without returning to national agreements between the winning alliances that have to be formed to form the largest bloc and thus the formation of the government and the selection of the three presidencies, including the Prime Minister "He said.   LINK


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