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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, January 2, 2018

DINAR GURUS UPDATE, 2 JAN

1-2-2018  Newshound Guru Mnt Goat …This information I am hearing is real this time and I am hearing great things from the CBI. I am hearing from my CBI contact they are going forward this time and can not afford to stall it again.  However here is the problem: The CBI is now working closely with the US Treasury to release it. This is the ONLY holdup right now….My advice is to just wait and watch….its coming folks…..!!!!!!  Tic Toc, Tic Toc we are on a clock! [Post 2 of 2]

1-2-2017  Newshound/Intel Guru Mnt Goat 
 Wow! January 2018 has arrived. HAPPY NEW YEAR everyone! Seems like we have been waiting for this timeframe for a VERY long time. It is here now and we are witnessing history being made. I want everyone to know I am not predicting a date for an RV. What I am attempting to do is to give you my BEST possible evaluation of the situation now at hand according to the data presented to us…I know for a fact the new ATM machines are programmed only to handle the newer lower denomination category notes… I know for a fact that some banks still don’t have the software tested and worked out for their machines to be online yet. This is an ongoing project. They hoped to have them all up and running by the end of 2017… [Post 1 of 2]

1-2-2018   Newshound Guru Enorrste   Article:  "Iraq launches ATM mail service (ATM)"   The import of the article seems to be that the user of the ATM will not get cash back at all but instead will get a credit on a plastic card.  This will allow the CBI to destroy the larger bills as the value rises.  In other words these ATM machines aren't going to be like the ones in the US, where you put in a plastic card and get paper cash back.  It is just the opposite (that's my take, anyway) where you put in the cash and get credit onto your plastic card.

1-2-2018  Intel/Newshound Guru Frank26  ...IOO...THEY WILL COME OUT AT 1 TO1…OR LESS NOW... THEY WILL FLOAT…THEN CAP...

1-2-2018  Intel Guru DR. CLARKE  In our very last Opinion Today, we believe what you seek, will happen Very Soon. Is that vague enough, yet direct enough for you? Regardless, this all will soon pass, in utter happiness & celebration, dwarfing any frustration, disappointment, anger, resentment, blame and confusion.  It will just be a memory.  Exactly When? We don’t know…Today, will be the last time we ever share our Opinions…for it’s now time to go on to New Things..Good Luck, and have a Very Exciting & Eventful January & 2018. THANK YOU.  The Best is Yet to Come!

1-2-2018  Intel/Newshound Guru MilitiaMan  Has there been an auction within the last 24 - 48 - 72 hours?  I don't think so. With this suggesting it is time to stop... Ceasing them is huge and that is what it appears happening and directly... imo

1-2-2018  Newshound Guru tman23   "I expect to be " short " from the holidays and making a deposit if I can find money to do so :)" ... In the past Iraq held markets closed up to the 6th after the new year...... I wait until tomorrow [Today]...not next week or next month........ NOW or NEVER....Tomorrow [Today] is opening day.........lets see how they lift the zeros...

1-2-2018   Newshound Guru Enorrste   Article:   "The damaged cash currency is a problem for the Iraqi citizen"   The fact that a large number of notes are damaged gives the CBI an excuse to draw them in so that they can be destroyed.  The way to do this is to convince people to deposit their old notes into a bank.  By doing so the people still have the value of the money without having the actual notes, which could then be destroyed by the CBI, thus lowering the money supply and putting upward pressure on the value.  Whether this is the plan or not remains to be seen but it is clearly not in the CBI's best interest to just reprint more large notes at this time.

To Float or Not - "Controlled" - Tues. AM KTFA Thoughts, News w/ Frank26, 2 JAN

KTFA

WMK » January 2nd, 2018


Ok, IMO this is talking about not doing a free float but a managed float instead or also known as dirty float. (see article below)

It's based on supply and demand in the markets but is kept in check by the CBI. I think it's supposed to deter the 'hold it til it goes higher' (aka us) crowd and encourage quick exchanges so as not to run up the value too high. 

Fenway » January 2nd, 2018

I agree WMK, though I believe what we've been told about the managed float vs. a free float is to prevent Kuwait's experience of a runaway rate after their revaluation.

Frank26 » January 2nd, 2018

DANG !!! ............ YOU GUYS ARE GOOD ................ 

Don961 » January 2nd, 2018

What is the floating of the national currency and what is its economic impact on the life of the citizen?


2018-01-01

There are two types of float.

First, your float and the second float the vector. 

The first is to leave the national currency exchange rate determined by the market. Increased demand for the dollar in the domestic market leads to a rise in the dollar exchange rate compared to the local currency, while the decline in demand for the dollar means a decline in the dollar exchange rate in the domestic market.

The situation is very similar to the days of the global economic boycott against Iraq after the occupation of Iraq by the State of Kuwait, where the exchange rate of the US dollar compared to the Iraqi dinar was preceded by only the German mark during the Second World War. 

The exchange rate of the Iraqi dinar relative to the US dollar has decreased from 2.8 dollars per Iraqi dinar to 5,000 Iraqi dinars per US dollar.

Determining the currency exchange rate just like setting the price of the tomato in Alwa Green, in Baghdad. The increased supply of these leads to a decline in the market price, while the low supply in the market leads to a rise in prices.

The second type is the same as the first type, except for the intervention of the central bank when the value of the local currency exchange is lower than the planned rate or the local currency exchange rate rises above its level. Any local currency exchange rate against the dollar, for example, must be at a minimum and above the national currency.

The oil state can not float its currency towards the world currencies. For a simple reason, it is the oil-exporting governments that monopolize foreign currencies because they are the largest exporters of commodities in the country and thus they own the hard currency, so it is in their interest to protect their local currency from collapse. If importers are not provided with goods and services from difficult currencies. 

Oil countries receive oil revenues in foreign currency. By providing this currency to local importers, these countries can finance their imports of goods and services. Iraq, for example, is increasing its balance of dollars through its oil exports to the world markets, and then put the collected currency in the local commercial banks to pay the bill of imports of goods and services.

To clarify the idea more, let's assume that the Iraqi government decided to monopolize all that it receives from the oil revenues, which represent 95% of Iraq's total exports. This government decision means depriving the national economy of 95% of the country's foreign exchange earnings. Hard currency, representing private sector exports in the country. 

Of course, the availability of 5% of the hard currency will not be enough to pay the cost of imports of goods and services needed by Iraq in one year. What will happen to the Iraqi national economy? In this case, traders and those in need of hard currency (patients who want treatment outside the country) will have to buy hard currency from the market (cashiers), leaving the Iraqi citizen to buy what he needs from foreign currency as determined by the market of prices called (dinar float). 

In this case, the size of the hard currency will be very small compared to what the country needs, and importers will run to buy the quantities they need at very high prices. The rise in foreign exchange rates against the local currency means higher prices for imported goods and services. ​

​As long as Iraq imports at least 75% of its needs of goods and services, a wave of price increases will sweep the country (inflation) to the extent that the prices of most goods and services will be outside the citizen's ability to pay, and will exacerbate public anger and become the government the target of demonstrations and protests . 

And this is why the oil countries choose to put a large part of the hard currency they receive from the value of oil sold to importers and those who need foreign currency. The availability of hard currency in the country means the stability of prices in the markets of goods and services, the stability of the value of the local currency in relation to world currency prices, and the security stability of the country. 

Non-oil countries and countries that can not export natural resources and manufactured goods often have to borrow to buy the goods and services they need. These are countries that Donald Trump likes, as he imagines, can bribe them to pass Foreign policy. 

Classical economic theory did not address what would be suffered by countries that lacked natural resources or countries that did not have an export production base, but assumed that increasing the trade deficit of a given country meant increasing the country's demand for foreign exchange and depreciation of its local currency. 

This decline in turn will give the country an opportunity to enhance the competitiveness of its products in the global market, increase its exports, increase demand for workers, reduce its imports, and finally disappear the trade deficit. This theory was in place until the world recession of the 1930s, which proved that the economy can not be reached without a state intervention.

The repetition of economic cycles made it difficult to accept classical economic theory even by the most powerful politicians and economists. Imagine what would happen to the global economy if the US Reserve Bank, European central banks and Western governments did not intervene to save the global economy from the Great Depression that hit the global economy in 2007 and 2008? The US government has supported the national economy by $ 1 trillion and has been forced to legislate new laws to monitor the movement of the local economy, as well as having to accept the closure of giant companies. 

There is one hope for the floating of the oil countries' currencies, when the oil sector becomes small and ineffectual, a very unlikely prospect given the current economic and political conditions in the oil-exporting countries. 

As long as there is no hope that the oil sector in the oil-exporting countries is not a leader in national development, these countries will continue to rely on the sale of oil, and will remain other economic sectors neglected, and will remain the oil sector is the leader in the national economy, and will remain the national currency away from market fluctuations . link

Stand4Christ » January 2nd, 2018

I have some IMO thoughts I would like to share concerning what the CBI is trying to project ......

The deal is, even if they planned to float, they are not going to tell the public about it, because if they RI at a fixed rate, and tell the public that they will float, will that not encourage several things to happen?? For instance ........

-- IQD investors like us might hold too long before selling our IQD, hoping for higher rates; when a massive selloff of IQD happens soon after they float, it will spell troubles to CBI

-- If international spectators and big whales know they are going to float, and they presume Iraq will have a bright future, will not that encourage them to hoard IQD ASAP (even after its initial RI) ??? And they too will likely suddenly do a massive IQD selloff as IQD price rises further during the float period.

From the perspective of CBI, I believe they would rather IQD investors like us to sell most of our IQD during their fixed rate (what's the point of holding IQD longer if the rate will be the same, right??), and CBI would rather no one will hoard IQD (either before or right after RI), so that after when they begin to float, nobody will drain their reserve ...... when float, if suddenly there are more people who will sell IQD than those who buy, CBI will have to step in with their reserve, and will have to buy back IQD in order to sustain its market price.

Therefore, I believe they have a plan to float soon after the RI, but they simply flat out lie about "not going to float".

These are my IMO thoughts

Frank26 » January 2nd, 2018

INDEED ............... FOR YOUR IDEAS ARE OUR CC NOTES FROM NOVEMBER WHEN WE SHARED IOO .............. THEY WILL COME OUT AT 1 TO1 THE SOMEWHERE INSIDE OF 72/78 ........... OR LESS NOW ........... THEY WILL FLOAT .........THE CAP AT .............. WELL...............LOOK AT YOUR NOTES.

TY KINDLY FOR YOUR OPINION AND ASSESSMENTS FROM THE RI TO THE RV.

WE REFLECT EACH OTHER ................


Apmcrx » January 2nd, 2018

Iraq reveals its reserves of hard currency and excludes floating the dinar

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.

Alaq said in a press statement today that "the reserve of the Central Bank of foreign currency is currently 48 billion dollars." 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

Frank26 » January 2nd, 2018

NOT ON THE VIDEO ............ BUT ON OUR LAST CC ............. I ASKED THE QT ............ WHY BIS IRAQ THE ONLY NATION ON EARTH TELLING THE IMF AND UST ................... HOW MUCH RESERVES THEY HAVE ??? 

THOSE NUMBERS ARE NEVER GIVEN OUT BY A COUNTRY ......... OR LIED ABOUT.

WHY?

BECAUSE AN RI INTO AN RV .............CONTROLLED ...........REQUIRES IT...........IMO........(smile)

ChrisC » January 2nd, 2018

I am not sure why everyone is running this old article this morning, but I believe one of the requirements of Article 8 is that the currency is NOT restricted and therefore open to movement created by the market. 

The only point that Iraq will be able to control is opening HIGH in the first place and then if the market takes it up from there (like Kuwait) then they will just have to deal with it. 

There was an article that I read many years ago proposing that the only way to eliminate the abuse of the George Soros types was to open as high as possible and not give them any room to whipsaw them....hence the efforts of TAG. 

Their assets have been assessed and the IMF knows what they are worth and what they can handle. Iraq is a consuming society from the world and a regional producer, therefore they benefit by having a currency that is high. If they were a country that makes tennis shoes and clothing then they would benefit by having a lower value currency. 

Remember what Walkingstick told Frank...all this foot dragging was them arguing for a higher open.

Frank26 » January 2nd, 2018

B ... I ... N ... G ... O ..................... AND BINGO WAS HIS NAME...............

Will » January 2nd, 2018

If they open high there will be a massive selloff which could plummet the value.

ChrisC » January 2nd, 2018

Same thing that happened to Kuwait or virtually any other stock. I traded stocks for a living for a while and I can tell you most likely when they debut their currency there will be a run up. It is human nature to want something new. 

There will be people with varying experience that will sell all along the curve on the way up. 

It also depends on whether the "trade dinar for oil" story is true. If there really has been a prearranged deal between various governments and Iraq, then the shock to Iraq has already been accounted for and therefore will not be a shock. 

Remember, we are selling to the UST if I have my story straight. Like Frank says, this is all IMO.

Frank26 » January 2nd, 2018

F ... R ... A ... N ... K ................... BUT BINGO WAS STILL HIS NAME ................lol

TNT CHATTER , 2 JAN

TNT

MountainMole:

Tony said Sunday that according to him the best time for this to go would be after Friday 4PM EST when the Forex shuts down and reopens on Sunday 5PM EST

Carlosisan:
what friday was tony referencing, 12/29 or 1/6

Alb:
This Friday coming up…. Tony said that that would make more sense to him than bringing it out in the middle of the week but again we do not know the exact date

Bama57:
keep in mind it's already here we are just waiting for the banks to flip the public switch

Leader4God:
Does anyone know what time Forex opens

Nanniemom:
According to GMT, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT.

Lena:
I have a question for anyone who thinks they understand my question. If the dinar has a new value in Iraq, why does it not show up with that value on the CBI???

Demcoit:
because then it would solidify the realty and they will not show it on the cbi without make it live. the world would go crazy if cbi went first…. should be some time on cbi shortly after the rate hits and they do a system update

Fuze:
Lena, because the new rate has not been made official and public yet. For example, how has citi-bank been buying and seeling the dinar since December 2016 for it's customers without the IQD being and internationally PUBLICLY recognized currency, the UN just removed sanctions publicly December of 2017...

GoodTimes1:
It's Jan 2, oh gee whiz what a surprise! Iraq is Still playing Games and we are still waiting for the RV

Bringitontony:
Goodtimes, I believe it's NOT Iraq holding it up. Our banks had been given the green light for us to go, but they wanted Iraq to enjoy it first...we don't know for how long that would be..hang in there. 

RV/INTELLIGENCE ALERT - January 2, 2018

The frequency of intel has decreased drastically since New Years as several sources have nothing new to report.

Cabal criminals are being processed through Gitmo to conclude the mass indictments/arrests. The rest are "disappearing" in "accidents".


There is some resistance on the RV front. Greedy 3D matrix brainwashed bankers (cabal or not) are attempting to profit from the RV event -- they are being charged with fraud, previous crimes, or threatened to cooperate.


Despite the resistance, there is nothing delaying the RV at this point (since cabal criminals are still being processed).


The RV is simply on hold by the Alliance, there is no physical cabal interference. The cabal are now completely powerless.


Insider sources await confirmation for the completion of the mass indictments/arrests before declaring victory.


Once victory is declared, the Alliance opens the RV flood gates.

Steffen Rowe/Tank "Reasonable or Prudent Man Seeks Justice" - GCR/RV SPEAK Intel Update 1/2/18

SPEAK INTEL
"Reasonable or Prudent Man Seeks Justice"
1:29 PM EST
1/2/2018


• December 24th, 2017 Steve Mnuchin decided they'd just wait and let everything go the day after Christmas. 

What was the cost of that decision? 17,286 Lives were taken by starvation

• December 26th, 2017 Sanctions against Iraq were lifted and that was the go signal for Monetary Emissions, 800#s and exchanges to begin. While the Elders, and others had to make decisions about whether or not they were going to have enough food to make it through a few more days, the Bankers and UST decided to go on vacation and finish the rest when they got back. 

How much did that vacation cost the Sovereign People of Earth? 69,144 lives were lost from starvation from then until today. 

• Banking codes from each country were put in on Saturday night. Master codes were put in last night for the two to connect and activate the system. Last night being the actual time the assets could legally, accurately and finally be connected so all the pieces are in place. 

Orders went out from the Pentagon at noon today that 800#s and bank exchanges should begin IMMEDIATELY.

• We have already begun the final stages to file suit, and we've gathered the evidence necessary to file, argue and win definitively, two Rico Suits; one for the people who purchased currency, and one for the people who were told it was a scam and didn't purchase currency. 

• At this point you already know law suits are inevitable. These suits will be held in place to support the UST and the Banks perform on time TODAY. We are your best opportunity to do damage control on this matter. 

Reasonable / Prudent Man Law and Legal Definition
"...determine whether someone acted with negligence. This hypothetical person exercises average care, skill, and judgment in conduct that society requires of its members for the protection of their own and of others' interests. The conduct of the reasonable man serves as a comparative standard for determining liability..."

https://definitions.uslegal.com/r/reasonable-prudent-man/

• As I have stated repeatedly, I have already given you the opportunity to conduct yourself properly as any human with a conscience would, but instead you went on vacation. So we are following though as promised. 

• However, getting this done today would certainly be a great start to making the negotiations more amiable and in the best interests of humanity

• For every day you delay even for reasonable cause lives are lost. There have been 319,791 lives lost due to starvation alone since I published the article "The Deadliest Weapon Ever Made". Even if you WERE unaware of the impact of your nonperformance before, you have been made aware for long enough now that you're left without an excuse. 

• With every delay we have more time to gather names from inside your organizations to ensure you're all held responsible for reckless, willful, and wanton misconduct, as well as crimes against humanity which appear to include genocide. 

• A Class Action Registration Page will be posted later this evening for the people of Puerto Rico, to enable the 2 million people who listened to Beny's Show on New Years Eve to have a comprehensive opportunity to join the class in action. We will post the link when it is ready. 

• The energy bringing in this new age is often referred to as the Divine Feminine, Gaia, Mother Earth, Mother Nature, the Woman Cloaked in the Sun, or what ever it may be that helps you personally appreciate a time of peace over a time of war. I just wanted to point out that the symbol for "Justice" has always been a woman.

SEEK JUSTICE HERE
https://projectspeak.net/class-action

*TANK*

TNT TIDBIT, 2 JAN

MountainMole:  Tony said Sunday that according to him the best time for this to go would be after Friday 4PM EST when the Forex shuts down and reopens on Sunday 5PM EST

Carlosisan:  what friday was tony referencing, 12/29 or 1/6

Alb:  This Friday coming up…. Tony said that that would make more sense to him than bringing it out in the middle of the week but again we do not know the exact date

Bama57:  keep in mind it's already here we are just waiting for the banks to flip the public switch

Leader4God:  Does anyone know what time Forex opens

Nanniemom:  According to GMT, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT.
....
Lena:  I have a question for anyone who thinks they understand my question. If the dinar has a new value in Iraq, why does it not show up with that value on the CBI???

Demcoit:  because then it would solidify the realty and they will not show it on the cbi without make it live. the world would go crazy if cbi went first…. should be some time on cbi shortly after the rate hits and they do a system update

Fuze:  Lena, because the new rate has not been made official and public yet. For example, how has citi-bank been buying and seeling the dinar since December 2016 for it's customers without the IQD being and internationally PUBLICLY recognized currency, the UN just removed sanctions publicly December of 2017...

GoodTimes1:  It's Jan 2, oh gee whiz what a surprise! Iraq is Still playing Games and we are still waiting for the RV

Bringitontony:  Goodtimes, I believe it's NOT Iraq holding it up. Our banks had been given the green light for us to go, but they wanted Iraq to enjoy it first...we don't know for how long that would be..hang in there.

Zim’s gold plan slated, 2 JAN

Barnabas Thondhlana

Plans by the Harare administration to use gold reserves to anchor the reintroduction of the much-derided Zim dollar have caused concern.

The move comes as the country battles severe, and worsening, shortages of both the surrogate currency - the bond notes - and US dollars, amid fears the dying economy is hurtling towards the lows of 2008 when Zimbabweans became “multi-billionaires” but pitifully poor overnight.

Zimbabwe ditched its worthless currency and switched to the multiple currency system in 2009.
....
Picture
The announcement also came as economists warned Zimbabwe’s average income levels were at their lowest in more than 60 years, with 76% of the population living below the poverty line. In addition, the country’s sovereign ratings have plummeted shockingly. Zimbabwe was classified recently as the poorest country in Africa, amid company closures and high levels of unemployment.

In last week’s surprise announcement, state media quoted mining minister Walter Chidakwa as saying the government was working on “a plan to establish a gold reserve set to anchor the introduction of a local currency”, which would see the resurrection of the Zimbabwean dollar.

The plan, being modelled around the $200 million African Export-Import Bank facility, which backs bond notes - and whose legal processes were already said to be before parliament - was aimed at mitigating the country’s acute liquidity and cash crunch.

“Naturally, in order to support the future introduction of our own currency, you want to have mineral resources that you hold in reserve.

“We have discussed this matter with the Reserve Bank of Zimbabwe and because most of the gold that is currently held is in private hands, we need to get our own companies operating,” Chidakwa said.

This was despite reserve bank governor John Mangudya having said market conditions would not be right for the return of the Zim dollar any time soon.

Former finance minister, Tendai Biti said: “These zombies, devoid of reasoning, want to introduce toilet paper as money just to save their necks. But the conducive economic fundamentals are lacking.

“Firstly, it is beyond absurd to think you can build $2 billion in gold reserves in this country (as the government has suggested)."

Opposition leader Morgan Tsvangirai’s MDC also warned against rushing the Zim dollar back into the market.

“The Zanu-PF regime is a renegade outfit that is capable of doing anything hence the bankrupt plans to bring back the Zimbabwe dollar.

“Remember, the national economy is comatose and Mugabe and his Zanu-PF regime are only concerned about holding onto power," MDC spokesperson Obert Gutu said. "These people don’t give a damn about the suffering of the majority of Zimbabweans.”

https://www.africanindy.com/business/zims-gold-plan-slated-9336623
RBZ Exposes “16 Categories Of Illegally Expatriated Money” Covered Under 3-Month Amnesty

January 2, 2018 4:15 PM
Picture
RBZ governor John Mangudya has announced revealing 16 categories of illegally expatriated forex:

Illegally Expatriated Foreign Exchange and Assets

Illegally expatriated foreign exchange and assets should be declared to the Bank or the affected person’s bankers on “a no questions asked” basis.

An application for amnesty should be filed with the Bank or through the affected person’s bankers and such application will be treated with confidentiality. The Application form is obtainable upon request from the Bank’s Exchange Control Department or any authorised dealer.

For the avoidance of doubt, the foreign exchange or assets to be repatriated under the amnesty includes foreign exchange or assets obtained from Zimbabwe and expatriated through acts or omissions such as: –

(a) Export of any currency above permissible
thresholds;

(b) Smuggling of gold and other precious stones;

(c) Non-repatriation of export proceeds due to the country;

(d) Undervaluation of exports and overvaluation of imports and retention of the funds offshore;

(e) Trade misinvoicing by importers to evade customs duties, VAT, or income taxes;

(f) Non-return of temporary exports and disguised exports of samples;

(g) Payments for imports of goods and services whose corresponding value has not been received into the country;

(h) Remittance of funds used for investments offshore without Exchange Control approval;
(i) Offshore retention of funds realised from sale of local assets e.g. shares in local companies to foreign residents;

(j) Offshore retention of investment income such as dividends, profits and management fees due to the country;

(k) Remittance of funds for repayment of fictitious offshore loans;

(I) Management fees and technical fees;

(m) Settlement of purchase prices offshore, for an immovable property situated in Zimbabwe;

(n) Operation of illegal offshore bank accounts by individuals and companies funded from Zimbabwe;

(o) Offshore retention of sale proceeds realised from smuggled goods or minerals; and
(p) Any unauthorised offshore retention of funds without Exchange Control approval.

Dr JP Mangudya
Governor

1 January 2018

https://www.zimeye.net/rbz-exposes-16-categories-of-illegally-expatriated-money-covered-under-3-month-amnesty/

KTFA UPDATE, 2 JAN

Hammy14:  REMEMBER ALSO FRANK TOLD US THAT THE IMF INSISTED ON A 1:1 RATE.  NOW, MAYBE THE 2ND SET OF BOOKS SATISFIES THAT REQUIREMENT, WHO KNOWS, BUT WE'VE BEEN TAUGHT IT WILL BE 1:1 TO START.

PERSONALLY, I HAVE ALWAYS FELT LIKE THE MOST LOGICAL THING TO DO IS TO ENTER THE INTERNATIONAL MARKETPLACE AT YOUR TRUE VALUE...WHATEVER THAT IS...AND THEN MANAGE IT FROM THERE.

DON'T ALLOW FOR BIG SWINGS, EITHER UP OR DOWN.  KEEP IT ON A MANAGED FLOAT AND CONTROL IT.  BUT THAT'S JUST ME.  LET'S SEE WAHT THEY DO. 

ChrisC:  Remember, if I have it right, 1:1 is the RI (in country), 3:1 or perhaps 3.33, is what they are interested in RVing at.

Hammy14:  WELL, I CERTAINLY HOPE YOU ARE RIGHT!!!!  AT ANY RATE, NO PUN INTENDED, WE ARE ALL JUST WAITING ON THEM TO BECOME TRADABLE.  JUST GET IT STARTED, AND WE WILL ACT ACCORDINGLY.
....
************

JesusLovesBaseball:  To pay the salaries of retired military personnel for the current January

Tuesday, January 2 2018 - 8:22 PM

Smart card

The National Pension Authority began to pay the salaries of military retirees for this January.
The head of the body Ahmed Abdul Jalil told the newspaper that it was "direct payment of salaries of retired military for the meal of January 2018 through the banks of Rafidain and Rashid and the Iraqi Bank of Trade and smart card company."

He stressed that "can retirees card holders smart card card review centers to receive their salaries, and retirees manual exchange review branches of banks to receive their salaries according to the days of exchange.   LINK

************

Samson:  Half a million imaginary voters in Kurdistan, including Syrians and Turks

 2nd January, 2018

Al-Hayat Newspaper published a report on the elections in the Kurdistan region, warned by the deputies and politicians in the region of the consequences of running early elections in the Kurdistan region before cleaning up the register of voters, while called on the adviser of the Security Council of the province of Baghdad to abandon the language Threats and responses to calls to initiate dialogue.

"The opposition forces of the government are questioning the voters' record of not canceling the names of tens of thousands of dead, claims of names of the children of the disputed areas, and Kurdish refugees from Syria, Iran and Turkey, as well as those under 18 who are not eligible to vote," the paper said.

"The illegal increase is estimated at about half a million voters, or about 30 seats, if 18 thousand votes per seat," she said.

The head of the Islamic Union in the parliament, the province Bahzad Zebari, that "the information and data in our possession indicate an abnormal increase in the voter register between 1992 and 2005, recording an increase of 75 thousand voters each year, while the highest ceiling must not exceed 55 alpha".

"Between 2013 and 2017, the increase was 979,000, an average of 194,750 voters per year, while there was a significant increase of 202 voters between 2014 and 2013," Zebari said.

"If we increase the natural increase rate to 85 thousand, the number of voters must exceed two million and 490 thousand, that is, there is a difference of about 760 thousand voters compared to the current record data of up to three million and 250 voters."

He reported that "there is a discrepancy in the data of the government ministries regarding the percentage of population in the region."

Zebari pointed out that "the population according to the data of the Ministry of Planning for 2012, was 5 million and 300 thousand, while the data of the Ministry of Commerce (according to the ration card) was referring to 4 million and 500 thousand.

The head of the bloc in the parliament of the region that "the difference between the two ministries of 800 thousand voters, and as we calculated data of the ministries, the population in 2012 was 4 million and 900 thousand people, which means that the rate of population increase in the region is 2.7 percent, The current population is 5 million and 732,000. "

"According to the 2012 data-based formula, the data for the subsequent years and the rate of increase above show an increase of 760,000 voters under the current register of 3,250 voters."

"The most important obstacles to the elections are the presence of thousands of dubious names, including the names of the dead, the duplicate, and others," said Zana Said, the leader of the Islamic Group.

He said that "if the government and UNHCR can solve the dilemma and clean up the record within a short period, it will be possible to hold elections in the proposed three-month period." He pointed out that "violations in the register since 2010, as there are duplicate names of the Peshmerga forces and security services, The biometric system has not yet been applied in the region. "

The adviser to the Security Council of the region, pleased Barzani, called, according to the report, the Kurdish forces to "resolve their differences to protect the interests of Upper Kurdistan," noting that the best options to achieve this is the holding of general elections.

He pointed out that "the region receives the new year at a time when the tax is paid by a democratic process (referendum secession) after sacrificing the precious and the good in order to push the evil of the region through the fight against terrorism." Accusing "the rulers of Baghdad to adopt the method of imposition and force and not to recognize the right of the natural people of Kurdistan."

Barzani called on "to stop the threat and intimidation and impose collective punishment, and respond to the call for dialogue as a way to resolve differences away from the language of war," as he put it.   LINK

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Apmcrx:  Contracts and agreements .. The most important economic (range) follow-up for the year 2017

o Baghdad / Zahraa al-Jassim

Exit Iraq from the seventh item and open the atmosphere are the two most prominent events

With the important political events that took place in 2017, including the victory of Iraq to bring out an organization from the areas he controlled in 2014, the economic events were no less important than the "(range) role in the follow-up of many files for the oil sector - Industry - Agriculture Tourism - Transport, in addition to the file of the banking sector, which witnessed a clear development through a number of decisions and procedures reflected clearly on its performance.

Although the impact of oil was clear on the overall economic events in the world with the continued freeze of the Organization of the Petroleum Exporting Countries, which has clearly contributed to increase prices to the highest level in two years, Iraq has continued to develop its fields and its oil, where he called for companies to discover other border patches, 7 billion for the ten months of 2017, which contributed to reducing the proportion of the deficit forecast for the budget of 2018, which is still subject to discussions and differences between the blocks inside the parliament, the seal of the year by lifting the embargo on the Iraqi airspace, and Iraq

out of Chapter VII .. 2017 Exit the chapter the seventh

where he acknowledged m Council of International Security in late 2017, that Iraq and in another of its obligations regarding the decisions of the seventh item, which is destined to provide opportunities for encouraging foreign investment in Iraq after more than forty years of great conflicts and the decline in economic development and progress, and will launch money.

Oil

2017 extension of oil pipelines call for companies to invest and increase revenues

The Ministry of Oil in 2017 called on international companies to invest through the implementation of a project to extend a new pipeline for oil exports from the fields of Kirkuk to the Turkish border, and invited German companies specializing in the oil and gas industry to participate in projects The development of the oil and gas industry, with the call for foreign and Arab companies to invest in this sector, with the signing of memorandums of understanding and several contracts for cooperation between Iraq and other countries in the oil field.

Oil Minister Jabbar al-Luaibi on 27-11-2017 called on foreign companies to offer oil and gas exploration in 9 border points, stressing that it is an important step towards adopting a new commercial model and financial terms different from the previous licensing contracts. He also announced that his ministry has achieved financial revenues Amounted to 48.880 billion dollars, an increase of 7 billion in only 10 months of the year.

2017 witnessed a significant decline in the budget deficit for the first time

The parliamentary financial revealed a decrease in the budget deficit for the year 2018 by 13 trillion dinars after it was 27 trillion, because of the recommendations of the International Monetary Fund, which put Iraq in the right way in the management of state funds and government expenditure pressure, Oil than expected, in addition to the growing sources of financial revenues in the budget, and the optimization of non-oil resources.

The implementation of the "e-government 2017

has begun the Ministry of Communications, the implementation of the phases of the project," e-government ", which links the state departments each other via the Internet spider, which contributes to the paperless way it and reduce the operating expenses of the state and the general civil interests by not less than 3-5% Of GDP, as confirmed by a financial adviser.

Investment

The reconstruction of the liberated areas was one of the topics that were highlighted intensively and continuously. At a time when the United States and the international community were working to secure grants for the reconstruction of liberated Iraqi cities, it was worth more than $ 115 billion. Reconstruction grants exceeded $ 115 billion , And showed that the opportunities for foreign investment in Iraq is latent and long-term "As the country holds huge oil resources with the need for large reconstruction projects, in the hope that this will be achieved after the conference of donor countries to be held early next year, the range also followed the positive changes in economic relations between Iraq and Saudi Arabia and the Saudi opening to Iraq, Al-Falih after several visits that the two countries will develop appropriate mechanisms to achieve economic partnership, and with the opening of border crossings headed more than 44 Saudi investment companies to participate strongly in the Baghdad International Fair in preparation for contributing to the reconstruction process.

File water

A severe water crisis hit the Iraqi provinces 2017 On 29-11-2017 A report for "(range) that the acute water crisis that hit most of the Iraqi provinces affected by the concerned, on large areas of agricultural land, while the heroes provincial councils that are trying to acquire on water quotas in various ways without taking into account the neighboring provinces rights.

as instructed the Minister of resources impact the implementation of a project to invest in water flowing from Iran in 2017, at the time of Agriculture and parliamentary water announced near the start a project to invest in water flowing from the border areas with Iran, which will be in the form of a channel to assemble Water inside the Iraqi border to solve the water problem by securing the quantities to be used for drinking and agriculture, an expert pointed out that the first five - year plan for Iraq is the tasks of activating the productive sectors such as agriculture and solve the water crisis.

Transport file

open skies and seek to buy planes to increase sea and land ports revenue was the most prominent events of the transport sector for the year 2017, Where the Ministry of Transport confirmed that the aircraft Ukrainian the "15 aircraft", which was agreed upon in a way the lease will enter service next year, after the completion of administrative procedures and offer The Aviation Authority confirmed that the benefits of opening the Iraqi airspace will include several economic sectors and return to the state treasury with financial resources estimated at 70 million dollars annually, which is maximizing the resources of the non-oil state.

Between the last report of the Border Crossings Authority, that the volume of revenues received from these outlets amounted to 60 billion dinars in the month of November last year, a significant increase from the previous year. The lifting of the embargo on Iraqi airspace after the closure of four years, as it was very important to increase financial revenue To the Ministry of Transport and the Aviation Authority has indicated that the benefits of opening the Iraqi airspace will include multiple economic sectors.

The file of the banking sector

meetings, including several officials and specialists in the banking sector followed by the range, as was the most important reports in 2017/12/28, where the first time Rafidain Bank ATM service to withdraw money from anywhere, which was considered an economist an important step in the direction While continuing to grant loans to various groups of society, in addition to the central announcement of the establishment of a loan fund that can grant 10% loan to finance infrastructure projects of the country, while working to settle salaries for employees in the private and public sectors of economic development, and the announcement of a new project To provide d To local banks 10-25, with Iraq issuing sovereign bonds for the first time to deal with the global capital market.

Wishes for 2018.

Finally , with the relative improvement in electricity after the application of the government system of privatization despite repeated them objections, obsessed with the elimination of unemployment and file external debt and loans that confirmed the International Monetary remains that it will rise to $ 132 billion next year, one of the most important concerns of the respective personnel in economic affairs , At a time when most of them call for the need to move towards maximizing non-oil resources in the hope that the year 2018 will see a recovery in this aspect, which is equivalent to the income of oil, which still depends more than 95% of the size of Iraqi budgets.

http://almadapaper.net/ar/news.....
Samson:  What are the implications of VAT in Saudi Arabia and the UAE ?
2nd January, 2018

Saudi Arabia and the United Arab Emirates (UAE) began yesterday to apply a value-added tax of 5% on a range of goods and services. Economists believe that taxes, whatever their nature, will affect consumers' purchasing power.

The Gulf states, the two largest economies in the Arab region, have only applied the GCC agreement to impose VAT on schedule.

This comes at a time when Oman, Kuwait, Bahrain and Qatar apply value added tax to varying dates.

VAT is an indirect tax paid by the consumer, and is imposed on the difference between the purchase price of the factory and the selling price of the consumer.

The introduction of VAT is an attempt to strengthen and diversify non-oil financial revenues, as oil prices fall, the Gulf's main source of income.

Budget deficit

The imposition of taxes and the increase in fees and prices, regardless of their nature, will automatically affect the purchasing power of the consumer and savings rates, and will affect the volume of remittances for expatriates, as in the Gulf, says financial analyst Kamel Wazna.

He added that if the UAE economy can withstand to some extent the consequences of taxation, his Saudi counterpart will be affected negatively at the moment because he is living in a recession that requires the introduction of incentive policies and not tax, according to the economic perspective.

"Taxation in Saudi Arabia is something new that citizens have never done before, so it is an additional burden on them. However, he pointed out that the tax rates in the Gulf region remain the lowest at the global level.

Wazna said the problem is not the imposition or rate of value added tax, but an indication of the possibility of imposing more taxes in light of the continued budget deficit, which is not used by consumers in the Gulf.

For other Gulf states that have deferred the application of the tax, it has not ruled out that its decision should be related to caution or fear that it would adversely affect their economies or lead to political repercussions.

For his part, General Manager of Namaa Financial Consultancy Company Taha Abdul Ghani said that the introduction of the value added tax as well as the increase in fuel prices in Saudi Arabia will lead to a wave of high prices, which will affect both the citizen and the resident.

He added that tax revenues will contribute to the Saudi budget and reduce the deficit, but it will affect the corresponding market demand and then levels of production, which will open the door to expectations of further contraction of the Saudi economy.

Abdul Ghani believes that the postponement of the application of value added tax in the other four countries came on the back of fear that the crisis of the siege of Qatar to crack the Gulf House and then the end of the economic and tax decisions of the GCC countries.

In the light of this, he wondered about the reasons that could lead to the application of value added tax or any other joint decisions, while three Gulf states - Saudi Arabia, UAE and Bahrain - are surrounded by Qatar.

Saudi Arabia expects growth of 2.7% this year, after shrinking 0.5% last year.

The most important tax-free goods and services in Saudi Arabia are remittances, which will be imposed on remittance fees, according to the Zakat and Income Tax Authority.

Saudi Arabia has not exempted basic food commodities from the tax, while exempted government education and imposed on the private.

In the UAE, the UAE Federal Tax Authority said the tax would include most goods, six telecommunications services and 10 e-services.

According to official estimates, Saudi Arabia is expected to reap the proceeds of value added tax in the first year of implementation, amounting to 23 billion riyals ($ 6.1 billion). While the UAE Ministry of Finance expected the value added tax to generate revenues of between 10 and 12 billion dirhams this year (2.7 and 3.26 billion dollars).

Ernst & Young expects Gulf states to generate revenues of more than $ 25 billion annually after the full implementation of value added tax (VAT) in all six GCC countries   LINK

Restored Republic via a GCR Update as of Jan. 2 2018

Compiled 12:38 am EDT 2 Jan. 2018 by Judy Byington

A. Jan. 1 2018 4:15 EST Intel Call, Yosef: HAS "Flashtel" Special Call w/ Yosef Today at 4:15 PM EST 1-1-18 www.humanangelservices.com https://iTeleseminar.com/104226600

1. The US dollar was put into bankruptcy on Jan. 1 2013 and then was given a five year extension. We could not RV until the end of that extension, which was today, Jan. 1 2018.

2. The US Government has been restored as of today, Jan. 1 2018.

4. There were Sovereign rates for private exchanges and Forex rates for public exchanges.

5. There were 7,500 to 8,000 Redemption Centers which would handle public exchanges.
6. Zim holders would be handled at military bases for reasons of security.

7. Last night Dec. 31 exchange personnel were chipped and sent to military bases. They would remain there on lockdown until our exchanges were completed.

8. Private redemptions would begin Jan. 2, go to Jan. 15, and won't go past Feb. 28.

9. Public exchanges would begin Jan. 16 when the Forex rates began. The Forex rates would change on a daily basis.

10. Jan. 16 was also when NESARA was expected to begin with the tax reform law being made public.

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B. Jan. 1 2018 5:49 pm EST Intel Alert: Operation Disclosure GCR/RV Intel Alert for January 1, 2018 https://operationdisclosure.blogspot.com/

1. The final stages of the Cabal cleanup near completion. Any remaining Cabal no longer pose any major threats.

2. What once was a tool used for military deception is now ready to be freed to benefit humanity: the RV.

3. There is nothing that can stop the RV from being released at this point.

4. Standby for final confirmations from insider sources of the cabal cleanup completion.

5. Expect the RV to happen suddenly at any moment afterwards.

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C. Jan. 1 2018 Top Mobsters - Bushes, Soros, Podestas - at Gitmo, Clinton Spilling the Beans, Fulford Report: "Top Khazarian Mobsters Renditioned to Gitmo" - Fulford Report (Excerpt) - 1.1.18 Benjamin Fulford, White Dragon Society

1. Happy New Year: Hundreds of top Khazarian mobsters, including the Bush family, have been renditioned to Gitmo.

2. Most of the U.S.-based top perpetrators of the fake “war on terror” have now themselves been renditioned to the U.S. Navy camp in Guantanamo Bay, Cuba, Pentagon sources say.

3. These include the Rothschild, George Soros, Peter Munk, Peter Sutherland, the Bushes, the Podestas, and many others.

4. The perpetrators may have been airlifted to Gitmo for military tribunals, as the Department of Defense spends $500M to upgrade the prison and send more military police and Marines.

5. Thirty congressmen will not be returning in the new year, the Pentagon sources say.

6. CIA sources also confirm that former U.S. President Bill Clinton, hoping for a plea bargain, is spilling the beans on people like former CIA head John Brennan, top U.S. Mossad agent Rahm Emmanuel, former Vice President Dick Cheney, and many others.

7. President Donald Trump proclaims Janaury 2018 to be “Anti-Slavery Month,”

https://www.whitehouse.gov/presidential-actions/president-donald-j-trump-proclaims-january-2018-national-slavery-human-trafficking-prevention-month/

8. Human trafficking centers around the world are being raided and shut down.

9. In Saudi Arabia, 3,000 child sex slaves have been freed, according to Russian FSB sources.

10. In the U.S., “there was a power outage on Dec. 27 at the “pedo heaven Disneyland,” as the place was raided by special forces fighting human slavers, the Pentagon sources say.

11. In apparently connected events, Washington Post heir Bill Graham and Jordan Feldstein, the brother of the actor Jonah Hill, died last week, the sources point out.

12. Julian Assange was extracted from the Ecuadorian Embassy to take down the Cabal, and he may be pardoned along with Mike Flynn, the sources add.

13. On Christmas day Dec. 25 2017, Delta Force raided a mansion owned by former President Barack Obama.

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KTFA UPDATE, 2 JAN

WMK:  Ok, IMO this is talking about not doing a free float but a managed float instead or also known as dirty float. (see article below)

It's based on supply and demand in the markets but is kept in check by the CBI. I think it's supposed to deter the 'hold it til it goes higher' (aka us) crowd and encourage quick exchanges so as not to run up the value too high.

Fenway:  I agree WMK, though I believe what we've been told about the managed float vs. a free float is to prevent Kuwait's experience of a runaway rate after their revaluation.
....
Don961:  What is the floating of the national currency and what is its economic impact on the life of the citizen?

2018-01-01

There are two types of float.

 First, your float and the second float the vector.

The first is to leave the national currency exchange rate determined by the market. Increased demand for the dollar in the domestic market leads to a rise in the dollar exchange rate compared to the local currency, while the decline in demand for the dollar means a decline in the dollar exchange rate in the domestic market.

The situation is very similar to the days of the global economic boycott against Iraq after the occupation of Iraq by the State of Kuwait, where the exchange rate of the US dollar compared to the Iraqi dinar was preceded by only the German mark during the Second World War.

The exchange rate of the Iraqi dinar relative to the US dollar has decreased from 2.8 dollars per Iraqi dinar to 5,000 Iraqi dinars per US dollar.

 Determining the currency exchange rate just like setting the price of the tomato in Alwa Green, in Baghdad. The increased supply of these leads to a decline in the market price, while the low supply in the market leads to a rise in prices.

The second type is the same as the first type, except for the intervention of the central bank when the value of the local currency exchange is lower than the planned rate or the local currency exchange rate rises above its level. Any local currency exchange rate against the dollar, for example, must be at a minimum and above the national currency.

The oil state can not float its currency towards the world currencies. For a simple reason, it is the oil-exporting governments that monopolize foreign currencies because they are the largest exporters of commodities in the country and thus they own the hard currency, so it is in their interest to protect their local currency from collapse. If importers are not provided with goods and services from difficult currencies.

Oil countries receive oil revenues in foreign currency. By providing this currency to local importers, these countries can finance their imports of goods and services. Iraq, for example, is increasing its balance of dollars through its oil exports to the world markets, and then put the collected currency in the local commercial banks to pay the bill of imports of goods and services.

To clarify the idea more, let's assume that the Iraqi government decided to monopolize all that it receives from the oil revenues, which represent 95% of Iraq's total exports. This government decision means depriving the national economy of 95% of the country's foreign exchange earnings. Hard currency, representing private sector exports in the country.

Of course, the availability of 5% of the hard currency will not be enough to pay the cost of imports of goods and services needed by Iraq in one year. What will happen to the Iraqi national economy? In this case, traders and those in need of hard currency (patients who want treatment outside the country) will have to buy hard currency from the market (cashiers), leaving the Iraqi citizen to buy what he needs from foreign currency as determined by the market of prices called (dinar float).

In this case, the size of the hard currency will be very small compared to what the country needs, and importers will run to buy the quantities they need at very high prices. The rise in foreign exchange rates against the local currency means higher prices for imported goods and services.

As long as Iraq imports at least 75% of its needs of goods and services, a wave of price increases will sweep the country (inflation) to the extent that the prices of most goods and services will be outside the citizen's ability to pay, and will exacerbate public anger and become the government the target of demonstrations and protests .

And this is why the oil countries choose to put a large part of the hard currency they receive from the value of oil sold to importers and those who need foreign currency. The availability of hard currency in the country means the stability of prices in the markets of goods and services, the stability of the value of the local currency in relation to world currency prices, and the security stability of the country. 

Non-oil countries and countries that can not export natural resources and manufactured goods often have to borrow to buy the goods and services they need. These are countries that Donald Trump likes, as he imagines, can bribe them to pass Foreign policy.

Classical economic theory did not address what would be suffered by countries that lacked natural resources or countries that did not have an export production base, but assumed that increasing the trade deficit of a given country meant increasing the country's demand for foreign exchange and depreciation of its local currency.

This decline in turn will give the country an opportunity to enhance the competitiveness of its products in the global market, increase its exports, increase demand for workers, reduce its imports, and finally disappear the trade deficit. This theory was in place until the world recession of the 1930s, which proved that the economy can not be reached without a state intervention.

The repetition of economic cycles made it difficult to accept classical economic theory even by the most powerful politicians and economists. Imagine what would happen to the global economy if the US Reserve Bank, European central banks and Western governments did not intervene to save the global economy from the Great Depression that hit the global economy in 2007 and 2008? The US government has supported the national economy by $ 1 trillion and has been forced to legislate new laws to monitor the movement of the local economy, as well as having to accept the closure of giant companies.

There is one hope for the floating of the oil countries' currencies, when the oil sector becomes small and ineffectual, a very unlikely prospect given the current economic and political conditions in the oil-exporting countries.

As long as there is no hope that the oil sector in the oil-exporting countries is not a leader in national development, these countries will continue to rely on the sale of oil, and will remain other economic sectors neglected, and will remain the oil sector is the leader in the national economy, and will remain the national currency away from market fluctuations .   link

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Apmcrx:  Iraq reveals its reserves of hard currency and excludes floating the dinar

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.

Alaq said in a press statement today that "the reserve of the Central Bank of foreign currency is currently 48 billion dollars." 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

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Stand4Christ:    I have some IMO thoughts I would like to share concerning what the CBI is trying to project ......

The deal is, even if they planned to float, they are not going to tell the public about it, because if they RI at a fixed rate, and tell the public that they will float, will that not encourage several things to happen?? For instance ........
.
-- IQD investors like us might hold too long before selling our IQD, hoping for higher rates; when a massive selloff of IQD happens soon after they float, it will spell troubles to CBI

-- If international spectators and big whales know they are going to float, and they presume Iraq will have a bright future, will not that encourage them to hoard IQD ASAP (even after its initial RI) ???  And they too will likely suddenly do a massive IQD selloff as IQD price rises further during the float period.
.
From the perspective of CBI, I believe they would rather IQD investors like us to sell most of our IQD during their fixed rate (what's the point of holding IQD longer if the rate will be the same, right??), and CBI would rather no one will hoard IQD (either before or right after RI), so that after when they begin to float, nobody will drain their reserve ...... when float, if suddenly there are more people who will sell IQD than those who buy, CBI will have to step in with their reserve, and will have to buy back IQD in order to sustain its market price.

Therefore, I believe they have a plan to float soon after the RI, but they simply flat out lie about "not going to float".

These are my IMO thoughts

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Frank26: INDEED ............... FOR YOUR IDEAS ARE OUR CC NOTES FROM NOVEMBER WHEN WE SHARED IOO .............. THEY WILL COME OUT AT 1 TO1 THE SOMEWHERE INSIDE OF 72/78 ........... OR LESS NOW ........... THEY WILL FLOAT .........THE CAP AT .............. WELL...............LOOK AT YOUR NOTES.

TY KINDLY FOR YOUR OPINION AND ASSESSMENTS FROM THE RI TO THE RV.

WE REFLECT EACH OTHER ................
ChrisC:  I am not sure why everyone is running this old article this morning, but I believe one of the requirements of Article 8 is that the currency is NOT restricted and therefore open to movement created by the market.

The only point that Iraq will be able to control is opening HIGH in the first place and then if the market takes it up from there (like Kuwait) then they will just have to deal with it.

There was an article that I read many years ago proposing that the only way to eliminate the abuse of the George Soros types was to open as high as possible and not give them any room to whipsaw them....hence the efforts of TAG.

Their assets have been assessed and the IMF knows what they are worth and what they can handle.  Iraq is a consuming society from the world and a regional producer, therefore they benefit by having a currency that is high.  If they were a country that makes tennis shoes and clothing then they would benefit by having a lower value currency.

Remember what Walkingstick told Frank...all this foot dragging was them arguing for a higher open.

Will: If they open high there will be a massive selloff which could plummet the value
.
 
ChrisC:  Same thing that happened to Kuwait or virtually any other stock.  I traded stocks for a living for a while and I can tell you most likely when they debut their currency there will be a run up.  It is human nature to want something new.

There will be people with varying experience that will sell all along the curve on the way up.

It also depends on whether the "trade dinar for oil" story is true.  If there really has been a prearranged deal between various governments and Iraq, then the shock to Iraq has already been accounted for and therefore will not be a shock.

Remember, we are selling to the UST if I have my story straight.  Like Frank says, this is all IMO.