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    GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

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    GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Wed 07 Oct 2015, 16:18

    Hi....

    A member commented via email that there isn't enough discussion about the news, etc. in the forum.....One of the problems with doing that is we have such a small group....so let's try to use this topic to discuss articles in general.....or just comment, etc....if you see an article you would like to comment about and/or get others' opinions about, do not start a new topic for it.....rather just copy and paste it in this topic and comment.....I will start as I commented on an article earlier today....

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Wed 07 Oct 2015, 16:21

    MikeT wrote:

    Parliamentary Economy: Investment Law required run rate of 70% of employment in Iraqi projects

    2015/10/7 10:31

    [Baghdad-where]
    She said the economic and investment commission in Parliament, said that "the amended Investment Law No. 13 of 2006 will give great facilities to investors, and is required to run 70% of the Iraqi labor in the projects."

    Said committee member Burhan Mamouri told all of Iraq [where] that "the important investment and Iraq desperately need a law being passed circumstance Mali awkward and difficult and it is today that does not depend only on the financial budget on oil imports only, but work on maximizing state resources from other sources."
    He added that "there are companies and ministries dependent on the work, particularly in the field of investment, so it must be approved this law in this period," referring to "the existence of a personal intervention prevented passed in the last sessions."
    He explained Almamori "for the law of investment rate is unique for every country in the world in terms of facilities and encourage investment, and within which the granting of loans to investors and their right to international prosecution if there is a dispute in the execution of contracts, and those supporting them to work in Iraq and ensure their rights," he said. " This law of important laws have been adopted and take advantage of investment laws in neighboring countries and stress that he will meet the ambitious investors. "
    He continued, "There are also limitations and conditions on investors run the Iraqi labor and be represented in the projects of more than 70%."
    He pointed to the Committee of Economy parliamentary member that "the law is an existing originally but there ill for application to the presence of obstacles and routine to the adoption of the single window and he should give facilities for investors, because most of them left and the failure to invest in Iraq because of the deadly routine in state institutions, so our work to amend the investment law and found solutions, but The challenge is corruption. "
    He added that "the investor and because of the security conditions and corruption experienced by Iraq that made him does not risk his money, but we put in law the right to international arbitration to resolve disputes to encourage the investor to ensure their rights, no more, and there is no fear in this aspect, and this does not affect Iraqi sovereignty, it is a conflict law solution is not teams, whether local or international courts. "
    Almamori stressed that "investment is the only way to get Iraq out of this difficult economic situation, and this depends on properly and serious application of the law and the elimination of corruption that exists in all state institutions."
    He pointed out that "after the law was passed in the House of Representatives, there will be a positive step in the field of investment in various infrastructure projects and achieve the quality of the investment boom, if the law were working properly."
    The Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani said at the parliamentary session on Monday that "the draft law amending the investment law, satisfies all aspects of the debate was an agreement to hold a joint meeting between the Commission of Economy and Finance Committee on 14 of this month to mature and vote the law on 19 of the same Month ".anthy 2



    IMO Investment Law (s) is crucial....money is waiting to pour into Iraq in the form of companies coming in to do business and other forms of investing, etc....but protections are needed.....will be huge IMO when these things are done....slow as molasses but I am optimistic....cautiously....... Cool



    PLEASE DON"T QUOTE THE WHOLE POST WHEN REPLYING....JUST ADD A REPLY OR THIS TOPIC WILL GET TOO BIG....LOL
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Seck on Wed 07 Oct 2015, 19:09

    Zig wrote:
    IMO Investment Law (s) is crucial....money is waiting to pour into Iraq in the form of companies coming in to do business and other forms of investing, etc....but protections are needed.....will be huge IMO when these things are done....slow as molasses but I am optimistic....cautiously....... Cool



    PLEASE DON"T QUOTE THE WHOLE POST WHEN REPLYING....JUST ADD A REPLY OR THIS TOPIC WILL GET TOO BIG....LOL

    Zig you right on that AT&T just got a contract to over there.

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Thu 15 Oct 2015, 16:10

    butterfly wrote:

    Parliament plans to vote on the investment law next week


    Thursday October 152 015 14:45


    Deputy speaker of parliament Humam Hamoudi, Thursday, for the determination of Parliament to vote on the investment law next week, stressing to resolve all contentious points regarding the law.

    Said Hamoudi in a statement received Alsumaria News, a copy of it, he presided over the "last meeting of the committees of the economy, investment and financial Alniabaten the presence of the President of the board of investment Sami al-Araji, was discussed the second amendment to the law of investment before voting on it in the House of Representatives session for next Monday."

    Hamoudi stressed "the special law to solve all points of contention, and to facilitate and support the process of investing in different stages, particularly in the residential, industrial and agricultural area."

    Hamoudi was confirmed earlier, the need to accelerate the adoption of the investment law, pointing to the importance of law in the activation of the national economy.


    IMO this will be "huge" if they can get it done!!

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Tue 27 Oct 2015, 12:25

    Seck wrote:
    butterfly wrote:
    10/27/2015

    Print new currency one of the options that the government would resort to it to face bankruptcy





    BAGHDAD / JD / .. ruled out a number of experts and specialists in the financial and economic affairs the country's vulnerability to financial bankruptcy in the event of continued decline in oil prices, noting that Iraq has a large cash reserve and coming to the big his business cards production and export of crude oil increases, while underlining that in the event the country's vulnerability to bankruptcy government will resort to several options, including printing new currencies to address the crisis by the inflationary financing to create futures economic movement.

    An official source at the Central Bank, said that "the country's vulnerability to financial bankruptcy is unlikely for several reasons, including that oil prices fall, but not up to Zero, as well as that Iraq is on the verge of significant increases rates of export of oil, as well as Iraq Atlk large cash reserve from which to create development projects as it is now in the Central Bank's program of six trillion developmental dinars, in addition to the existence of other non-oil resources can be activated such as agriculture , tourism, industry, taxes and other ", adding that" Bankruptcy is exposed to him under an international economic blockade, or states that it was fighting a major war.

    "The source, who requested anonymity, told / JD /:" There are several options on the table with the government in the event that the country Financial filed for bankruptcy, including external borrowing from international banks as well as the printing of Iraqi currency and create inflation, stagflation, or the so-called funded budget to inflation, and this would convey the bankruptcy of the state to the community, as well as it will create layers in society wealthy layer and layer crushed and dramatically.

    "He explained that" This option is bad because it will create a futures economic movement and located him severe accumulations, including the deterioration of the dinar exchange rate against the dollar and creates ill-high distribution of cash currency in the market becomes runaway inflation economy, the government may resort to this option, but not completely, but partially.

    "The expert Alavtsada lion Mohammed Ali warned of resorting to a proposed Iraqi currency printed in the case of the country's vulnerability to financial bankruptcy, stressing that he could not repeat the nineties of the last century, the experience of the fact that Iraq at the time was the subject of the economic blockade and the international limited currency on the local trading depending on what is sold in the markets of local produce, as well as limited Iraqi economy and then on the internal circulation.

    Mr Mohamed Ali told / JD /: "Iraq today is fully dependent on import, so the reprint currency would not work in dealing with any economic problem."

    He called the economic expert to develop an effective and radical solutions from which to contain the crisis and the lack of impact on society.

    For his part, an expert on financial affairs spokesman Hadi al-Tamimi, there are many solutions that can be resorted to in the event that the country's economic crisis Kberh may lead to bankruptcy, to encourage deposits and increase profits and the granting of loans by the Central Bank in accordance with the development programs to create an economic movement, in addition to supporting the private sector and make it a competitor for a year.

    He said al-Tamimi told / JD /: "The launch additional Iraqi currency into the market could be a solution but it will cause great economic inflation will have future implications for the economy and will affect the dinar exchange rate against the dollar , it is partial and timely solution to the crisis, but for a limited period not exceeding 18 months. "

    The former Iraqi regime resorted to printing additional Iraqi currency, and put on the market during the nineties of the last century, when Iraq subjected to an economic blockade of an international led to financial bankruptcy and stop the economy in the country ./anthy/ 8 /

    This news report is very telling in that it is someone's opinion on what to do with inflation.

    This question was asked to doc Shabbi when he was ahead of the CBI.

    His answer was that a RV of the currency is one of the tools not to only tool but one of them that the bank would use to curb hyperinflation.

    Mr Zig could you transport this report with my comment into a thread that others can comment without have to comment in this thread. Thank you , also it is a test to see if you reading the thread and get this request lol


    Moved this here per Seck's orders.... tongue .....Please discuss if you wish..... study
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  butterfly on Tue 27 Oct 2015, 12:50

    Check the LAWS PASSED ZIG on the Investment Law

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Tue 27 Oct 2015, 13:04

    butterfly wrote:Check the LAWS PASSED ZIG on the Investment Law

    So it is passed??....or just amended?....that stuff is hard to follow....lol....at least for me....
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  butterfly on Tue 27 Oct 2015, 13:13

    Zig wrote:
    butterfly wrote:Check the LAWS PASSED ZIG on the Investment Law

    So it is passed??....or just amended?....that stuff is hard to follow....lol....at least for me....

    Read the very bottom of the LAW.
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  butterfly on Tue 27 Oct 2015, 13:17

    Article 20 of this law shall be the date of its publication in the Official Gazette.

    Reasons
    In order to facilitate the organization of work in the investment bodies and address some of the constraints shown by the practice when applying the Investment Law No. (13) of 2006, as amended, in order to create an encouraging and appropriate climate for investment in all sectors, and the granting of the exemptions, privileges and soft loans attractive to investors, with open space in front of ministries to share with the private sector (Iraqi and foreign) and mixed for the rehabilitation and operation of the subsidiaries to be reflected positively on economic development and reconstruction of Iraq.
    Initiated this law
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Seck on Tue 27 Oct 2015, 13:29

    butterfly wrote:Article 20 of this law shall be the date of its publication in the Official Gazette.

    Reasons
    In order to facilitate the organization of work in the investment bodies and address some of the constraints shown by the practice when applying the Investment Law No. (13) of 2006, as amended, in order to create an encouraging and appropriate climate for investment in all sectors, and the granting of the exemptions, privileges and soft loans attractive to investors, with open space in front of ministries to share with the private sector (Iraqi and foreign) and mixed for the rehabilitation and operation of the subsidiaries to be reflected positively on economic development and reconstruction of Iraq.
    Initiated this law

    Forgive me but I know a lot of peeps like to hang the RV on the investment laws, but it to me holds no water as to the CBI changes the exchange rate if the dinar. There are many countries that have and are investing in Iraq, since 2003 after the war. The restriction and the only restriction on the Dinar is it being open to speculation. Till this restriction is lifted , otherwise open to be a fixed float, float or the CBI just changed the exchange rate like they did a few years ago ( not one of those claiming to have people in the know had a clue it was going to happen )

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Tue 27 Oct 2015, 13:50

    Seck wrote:
    butterfly wrote:Article 20 of this law shall be the date of its publication in the Official Gazette.

    Reasons
    In order to facilitate the organization of work in the investment bodies and address some of the constraints shown by the practice when applying the Investment Law No. (13) of 2006, as amended, in order to create an encouraging and appropriate climate for investment in all sectors, and the granting of the exemptions, privileges and soft loans attractive to investors, with open space in front of ministries to share with the private sector (Iraqi and foreign) and mixed for the rehabilitation and operation of the subsidiaries to be reflected positively on economic development and reconstruction of Iraq.
    Initiated this law

    Forgive me but I know a lot of peeps like to hang the RV on the investment laws, but it to me holds no water as to the CBI changes the exchange rate if the dinar. There are many countries that have and are investing in Iraq, since 2003 after the war. The restriction and the only restriction on the Dinar is it being open to speculation. Till this restriction is lifted , otherwise open to be a fixed float, float  or the CBI just changed the exchange rate like they did a few years ago ( not one of those claiming to have people in the know had a clue it was going to happen )


    It is an important step to encourage those who have been fearful and hesitant to come in without certain "protections" IMO....as to what effects it will have on the currency.....we shall see....the CBI will react to what is going on in the economy of course....lots of variables...

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Tue 27 Oct 2015, 13:58

    butterfly wrote:Article 20 of this law shall be the date of its publication in the Official Gazette.

    Reasons
    In order to facilitate the organization of work in the investment bodies and address some of the constraints shown by the practice when applying the Investment Law No. (13) of 2006, as amended, in order to create an encouraging and appropriate climate for investment in all sectors, and the granting of the exemptions, privileges and soft loans attractive to investors, with open space in front of ministries to share with the private sector (Iraqi and foreign) and mixed for the rehabilitation and operation of the subsidiaries to be reflected positively on economic development and reconstruction of Iraq.
    Initiated this law


    Okay....thanks....I'm sure many in the Dinar community will now say we are very close to an RV....lol....every piece of news like this keeps people hooked on certain people...
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  butterfly on Tue 27 Oct 2015, 14:20

    I agree with Seck and I agree with Zig.

    Hold on, this is absolutely NO sign of a pending RV of the IQD.

    IT, the IQD, has to become international, then I think people can legally pee their pants.

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Tue 27 Oct 2015, 15:07

    butterfly wrote:I agree with Seck and I agree with Zig.

    Hold on, this is absolutely NO sign of a pending RV of the IQD.

    IT, the IQD, has to become international, then I think people can legally pee their pants.


    As far as I know it is not illegal to pee in your pants....just make sure they are dark pants so nobody will notice.... tongue
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Seck on Tue 27 Oct 2015, 16:47

    Zig wrote:
    butterfly wrote:I agree with Seck and I agree with Zig.

    Hold on, this is absolutely NO sign of a pending RV of the IQD.

    IT, the IQD, has to become international, then I think people can legally pee their pants.


    As far as I know it is not illegal to pee in your pants....just make sure they are dark pants so nobody will notice.... tongue

    Here is another thing to think about. When oil was at its all time high, Iraq had all this money coming in and the CBI lowered the value of the Dinar. When Iraq was coming out of chapter 7 people where hanging their hopes that this is when the RV would happen. When Maliki was thrown out of being the PM of Iraq the RV would happen. There has been so many that have been miss led by those who keep guessing or try to pin this on a event that when it is in plane black and white that the restriction on the Dinar have not been lifted. Also remember the weaker a countries currency is the better for them to rebuild the country. This gives the GOV more money to reconstruct the country's infostructer.

    In my opinion it is not the value of the currency going up in the country, it is the exchange rate that has to go up. The 2 are not the same, when the cost of buy goods come down then the value of the dinar goes up, the reverse happens when the cost of buying goods goes up. Neither one causes the exchange rate to change.

    All these bright scholars of the Dinar world are clueless as to what they think is going on with the RV or they are just running a scam on their members to keep charging them a fee lol. I for one do not care what the say or do as everyone who pays for nonsense are those who are standing in the line that says ( A Fool And Their Money Are Soon Parted ). This is my opinion and iam sticking to it lol.

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Tue 27 Oct 2015, 19:04

    Killjoy!....No wonder nobody likes you.... tongue


    Get the killjoy!!.....
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Seck on Tue 27 Oct 2015, 23:24

    Zig wrote:Killjoy!....No wonder nobody likes you.... tongue


    Get the killjoy!!.....

    The Government of Iraq’s monetary policy since 2003 has focused on maintaining price stability primarily by appreciating the IQD against the U.S. dollar while seeking to maintain exchange rate predictability. Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes.
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Seck on Tue 27 Oct 2015, 23:48

    Seck wrote:
    Zig wrote:Killjoy!....No wonder nobody likes you.... tongue


    Get the killjoy!!.....

    The Government of Iraq’s monetary policy since 2003 has focused on maintaining price stability primarily by appreciating the IQD against the U.S. dollar while seeking to maintain exchange rate predictability. Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes.



    BREAKING DOWN 'Currency Forward'
    Unlike other hedging mechanisms such as currency futures and options contracts – which require an upfront payment for margin requirements and premium payments, respectively – currency forwards typically do not require an upfront payment when used by large corporations and banks. However, a currency forward has little flexibility and represents a binding obligation, which means that the contract buyer or seller cannot walk away if the “locked in” rate eventually proves to be adverse. Therefore, to compensate for the risk of non-delivery or non-settlement, financial institutions that deal in currency forwards may require a deposit from retail investors or smaller firms with whom they do not have a business relationship.

    The mechanism for determining a currency forward rate is straightforward, and depends on interest rate differentials for the currency pair (assuming both currencies are freely traded on the forex market). For example, assume a current spot rate for the Canadian dollar of US$1 = C$1.0500, a one-year interest rate for Canadian dollars of 3%, and one-year interest rate for US dollars of 1.5%.

    After one year, based on interest rate parity, US$1 plus interest at 1.5% would be equivalent to C$1.0500 plus interest at 3%.





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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Tue 03 Nov 2015, 10:25

    butterfly wrote:

    03/11/2015

    Parliament legislation intended to protect the financial deposits in the banking law


    BAGHDAD / JD / .. announced the parliamentary finance committee, its intention to submit a draft to protect the financial deposit law in banks to the presidency of the parliament for discussion and vote.

    A member of the committee MP Jabbar al-Abadi told / JD /: "The Finance Committee completed the discussion of the protection of the financial deposit law It will submits it to the Presidency of the Council of Representatives for the purpose of reading to read the first and second and then vote on it, "likely" to vote during the next few days.

    "He added that" this law is one of the important laws which will encourage citizens and owners of capital to bid farewell to their money in banks, which will create an economic movement large in the country on the grounds that the law will provide the necessary funds on deposit protection and protected from loss, "./ ended / 8 /



    IMO this is huge....funny translation: " bid farewell to their money in banks".....lol

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Wed 11 Nov 2015, 11:58

    butterfly wrote:

    The central bank issued banknotes fifty thousand Dinars category


    Wednesday November 11 2015 14:45


    Announced the Central Bank of Iraq, Wednesday, for issuing a new banknote fifty thousand Dinars category, attributing this to the completion of the Iraqi Securities monetary structure and the development of high-class value in circulation, as he emphasized that it contains "structures against attempts at counterfeiting Balastantsak." he said Bank in a statement received Alsumaria News, "it was issued banknotes category 50,000 thousand dinars dimensions of 65 mm width, 156 mm length, which is dominated by light brown except Framework decorations that took bold color," adding that "the purpose of the issuance is to complete Iraqi papers monetary structure and the development of high-value category in circulation. "

    The bank said that "the banknote was printed using high-quality printing paper quality with a number of security and technical where the marks," noting that "the face of the paper include schematic picture of a paddle wheel Euphrates and palm trees in the middle and a picture of a Kurdistan Falls."

    Bank "The paper contains also security signs have been printed with ink Amonnatisa, in addition to the structures against attempts at counterfeiting cloning, "pointing out that" paper contains the marks for service Almkvovyin to know it in the form of a four horizontal straight lines, in addition to the watermark (horse's head) with a Palm Assyrian half imprinted in the face of the paper and the other half in the back.

    "He said the bank" back of the paper will include planning for the Iraqi Marshlands image include reed house and a number of fishermen and a group of animals (buffaloes and birds) and a picture of a palm Iraq with Tigris and Euphrates rivers planning within the map of Iraq, "explaining "The banknote has been painted with paint visor so as to extend the life of the paper and protect it from dirt and dust." The central bank had announced in 2013 its intention to issue coins small denominations of paper and other great categories written in Arabic and Kurdish.



    This is stirring things up in the Dinar community as you well can imagine....all kinds of opinions as to what this means for our investment, etc.....I really have no opinion.....could mean a number of things....but some will panic and some will think it is good, etc.....

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Thu 12 Nov 2015, 10:07

    butterfly wrote:The new 50K note:




    Nice photo....Thanks....will be interesting to watch what significance this has regarding our investment, etc.....it's always all about us in the Dinar community.....LOL.....this will spark tremendous speculation out there.....wonder if dealers will have them?....interesting.....never a dull moment..... Cool
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  butterfly on Thu 12 Nov 2015, 10:22

    I just checked with silvergreetings and they don't have it yet.
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  butterfly on Sun 15 Nov 2015, 19:43

    Did anyone notice that they are now mentioning printing 100,000 dinar banknotes?


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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Sun 22 Nov 2015, 13:25

    butterfly wrote:

    Central bank: an existing project to delete the zeros and the issuance of 50 thousand came to structuring currency


    Sunday November 22 2015 11:53


    The governor of the Iraqi Central Bank on the Keywords, Sunday, that the project to delete the zeros of the existing currency, pointing out that the issuance of 50 thousand dinars category came to structuring currency and do not affect inflation and rising prices.

    Keywords and said in an interview with a number of media, including Alsumaria News, said that "the project to delete the zeros of the currency is still there, but administrative conditions are not favorable for its implementation so far."

    He added Keywords, that "issuance of 50 thousand dinars came to structuring currency, the fact that the 25 A category is no longer suitable for trading compared to the monetary mass in circulation," explaining that "the new category Stsuhal transfer and conversion by banks and citizens process." He stressed the Keywords, that "50 Thousand category BD does not affect the inflation and rising prices, because the released are compared to the damaged currency. "The Central Bank of Iraq announced on Sunday (November 15, 2015), that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar , pointed out that the new currency not related to the financial crisis.



    IMO not enough people give their opinions/discuss these articles in general.....I find many articles difficult to read/understand because of the translations, etc....but this is interesting...seems to indicate that they are not increasing the money supply rather replacing old notes with higher denoms....some think that they will thereby reduce the money supply as people there exchange 2 25K notes for one 50K.....the 25K will be destroyed leading to a reduced money supply, etc.....of course conjecture rules in this community.....interesting nevertheless...... Cool

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Fri 01 Jan 2016, 12:23

    butterfly wrote:
    The largest shopping center in Basra (Basra Times Square Mall)

    The opening of the largest shopping center in Basra, at a cost of $ 162 million



    2016/01/01

    Long-Presse / Basra
    Opened in the province of Basra, on Friday, the biggest shopping center in the province, an area of 62 000 m 2 at a cost of $ 162 million, with the company executing near pointed to the implementation of the second phase of the center, foreign companies confirmed the provision of global goods in this center.

    Said managing director of the monastery executed the largest shopping center in Basra for the project (Bozrah Times Square) Thaer Abdul-Zahra in an interview with the (long-Presse), "The company opened mall project Basra Times Square on the night of New Year's Day 2016 Celebrations" noting "The total cost of the project amounting to $ 162 million."

    Abdul-Zahra added that "The project consists of two phases, the first is marketing the commercial complex, which has an area of ​​62 thousand square meters, consists of three floors, featuring an assigned where there are types of goods from international companies as has been done within the period specified has a 3-year," noting "The second phase is the hotel facilities, which will direct them in the coming days."




    Wow....but who has any money to shop there now??....they must have high hopes for the future.....hmmmmm.....Thoughts?
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  butterfly on Fri 01 Jan 2016, 12:33

    Zig wrote:
    butterfly wrote:
    The largest shopping center in Basra (Basra Times Square Mall)

    The opening of the largest shopping center in Basra, at a cost of $ 162 million




    2016/01/01  

    Long-Presse / Basra
    Opened in the province of Basra, on Friday, the biggest shopping center in the province, an area of 62 000 m 2 at a cost of $ 162 million, with the company executing near pointed to the implementation of the second phase of the center, foreign companies confirmed the provision of global goods in this center.

    Said managing director of the monastery executed the largest shopping center in Basra for the project (Bozrah Times Square) Thaer Abdul-Zahra in an interview with the (long-Presse), "The company opened mall project Basra Times Square on the night of New Year's Day 2016 Celebrations" noting "The total cost of the project amounting to $ 162 million."

    Abdul-Zahra added that "The project consists of two phases, the first is marketing the commercial complex, which has an area of ​​62 thousand square meters, consists of three floors, featuring an assigned where there are types of goods from international companies as has been done within the period specified has a 3-year," noting "The second phase is the hotel facilities, which will direct them in the coming days."




    Wow....but who has any money to shop there now??....they must have high hopes for the future.....hmmmmm.....Thoughts?

    Just like we have here, there are certain people that have money, and certain people that don't have money.

    sandyf
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    Posts : 259
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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  sandyf on Sat 02 Jan 2016, 21:02

    Zig wrote:
    butterfly wrote:
    The largest shopping center in Basra (Basra Times Square Mall)

    The opening of the largest shopping center in Basra, at a cost of $ 162 million




    2016/01/01  

    Long-Presse / Basra
    Opened in the province of Basra, on Friday, the biggest shopping center in the province, an area of 62 000 m 2 at a cost of $ 162 million, with the company executing near pointed to the implementation of the second phase of the center, foreign companies confirmed the provision of global goods in this center.

    Said managing director of the monastery executed the largest shopping center in Basra for the project (Bozrah Times Square) Thaer Abdul-Zahra in an interview with the (long-Presse), "The company opened mall project Basra Times Square on the night of New Year's Day 2016 Celebrations" noting "The total cost of the project amounting to $ 162 million."

    Abdul-Zahra added that "The project consists of two phases, the first is marketing the commercial complex, which has an area of ​​62 thousand square meters, consists of three floors, featuring an assigned where there are types of goods from international companies as has been done within the period specified has a 3-year," noting "The second phase is the hotel facilities, which will direct them in the coming days."




    Wow....but who has any money to shop there now??....they must have high hopes for the future.....hmmmmm.....Thoughts?

    Nothing new in that. Bangkok has shops that are said to rival New York but the minimum wage in Thailand is 300 THB a day(approx $8.5). In unregulated businesses many work for less.

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

    Post  Guest on Sun 17 Jan 2016, 12:15

    butterfly wrote:


    Member of the parliamentary economy calls for the activation of the five trillion loan and to accelerate the disbursement


    Sunday January 17 2016 17:55


    He called for economic and investment commission member of the parliamentary proof Mamouri, Sunday, to activate the five trillion dinars loan, which recently launched by the Central Bank and to accelerate spending it, as warned of the existence of a "conspiracy" aimed at the Iraqi economy.

    He said Mamouri in a statement received Alsumaria News, a copy of it, that "there is a big conspiracy against Iraq by some politicians who stand behind them, countries do not want to build factories or import a production line and keeps our country consumer of non-productive, "noting that" the economic situation is going through Today the country, makes it imperative for the state to activate the private sector, for the multiplicity of financial resources after oil prices tumbled. "


    He Mamouri, that "there is a way for Iraq to advance its economy, but by activating the industrial and agricultural sector investment and tourism sector", calling for "the need to encourage investment law and promotion in order to allay the fears of investors and attract to work in Iraq and build a strong investment system to support the national economy through the multiplicity resources and not rely on the basis of oil as a source of national income. "

    Almamori stressed the need to "activate the five trillion dinars loan to support agricultural and industrial banks and speed up disbursement to stimulate the investors in the private sector and give them the opportunity to contribute to the support of a market economy."

    The Central Bank of Iraq announced (September 7, 2015), for the launch of the largest start funding for lending programs in Iraq, noting that they belong to the financing of industrial, agricultural and housing sectors also supports small and medium enterprises and revitalizing the Iraqi economy.


    This I like....Get it going!....Yeah!..... Cool

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    Re: GENERAL DISCUSSION....MOVE ANY ARTICLE AND COMMENT....DISCUSS, ETC.

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