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Early Tuesday Morning:
TNT:
Tuesday UPDATE for November 15, 2016 Permalink Economy News / Baghdad ... Recorded foreign currency markets in Iraq, on Tuesday morning, a stable dollar exchange rate against the Iraqi dinar. And record the market price at the Baghdad Stock Exchange at 130,250 thousand dinars for one hundred dollars. The buying and selling prices of the dollar in the banking companies were
:
One hundred dollars = 130,250 dinars sale price The purchase price of one hundred dollars = 130,000 Iraqi dinars With an approximate rate of .0007, it appears that the dinar has become the Jeffersons (Well, we're moving on up!) LOL...... THE RATE NEEDS TO GO DOWN BEFORE IT CAN GO UP......WAIT FOR IT......PROGRESS IS IN THE MAKING. :-)
Mangelo: Folks today is a day we are hoping for a rate increase {RV} so all day expect Intel and information regarding the rate,, set back, you don't have to understand because you really don't care! Most of all of us only care when can you go to the bank...so keep waiting and appreciate the information hopefully it's coming
QueenBee: Ray just said the price in dinar has to drop for it to move up so this is good news
Spartyville: as if it is negative 1182...goes to zero...anything above zero is positive heading in the right direction
Capt.Willie: Perhaps this is the Iraqi equivalent of Kuwait's "We're not going to RV today" and BAMMMM, they RV'd.
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Frank26: The Budget for them is incorporated ... UNIFIED ... notice the Kurds don't complain about anything anymore ... RECONCILIATION ... the FLAG has been lifted for all of Iraq ... all tribes, religions, sects ... bringing them together.
Dear God!!!!!!!!!!!!!!!!!!!!! Middle eastern countries don't typically do this ........... unless they are about to make a lot of money.
This NATIONAL RECONCILIATION is BIGGER than anything in IRAQ right now ....... INCLUDING OUR INTEREST IN THE IQD.
Without this ........ you'd have nothing.
UNITED with ONE NATIONAL GOAL ..... no wonder they're bringing in their 3 zeros!
The EXPECTATION is there! Greater today than in the last month.
To me ... the monetary reform ... add value ... THIS YEAR in 2016 ... GREATER than EXPECTED in the rise of the IQD ... or 2017 will be retarded.
The IMF NEVER said a word about 2017.
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FrostyTheSnowman: Here's tonight's HIGHLIGHTS ...
*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
Frank26:Please pay attention to what we have tonight.
If I don't see attention to our work ... then I see no need to share our work.
I'm not throwing a tantrum or anything like that.
I thank you for your support ... I'm not angry ... it's just my exacerbation.
The 6th ARTICLE that came out was absolutely INCORRECT.
The definition of the 3 zeros, is being told to every citizen in Iraq.
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China Weakens Yuan To Eight-Year Low
AFP November 15, 2016
China only allows the yuan to rise or fall two percent either side of the daily fix
China on Tuesday weakened the yuan's fix against the dollar to a nearly eight-year low as the surging dollar put further pressure on the unit, complicating Beijing's efforts to manage it.
The central People's Bank of China set the value of the yuan -- also known as the renminbi -- at 6.8495 to the greenback, down 0.30 percent from Monday's fixing, according to data from the Foreign Exchange Trade System.
The unit has reached a series of six-year lows in recent weeks in the face of a greenback rising on expectations of sharper US interest rate hikes, with President-elect Donald Trump pledging during his campaign to ramp up spending and cut taxes.
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The below posts were in our 10pm Newsletter
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Post From Dinar Updates Chat Room Excerpts & Highlights
Dinar Updates Monday PM Chat 11-14-16 Part 3 of 3
larrykn says():Parliamentary economic reasons the dollar rise versus the dinar
November 14, 2016 | 7:43 pm - views: 64 watch
The Iraqi position network
The Parliamentary Committee on the economy and investment said Monday, causes of high dollar to Iraqi dinar, for the second consecutive month in markets amid the economic crisis plaguing the country.
Answer truthfully, Committee member Najib said that "there is a large and growing demand for dollars monthly estimated three billion dollars," indicating that "the possibility of the Central Bank under the low income compared with demand, not exceeded 2 billion and 500 million dollars."
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11/14/2016 0 Comments
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday PM Chat 11-14-16 Part 2 of 3
Alembic86 says to clay():What I saw as interesting for our investment was this:
So far the jihadists' defenses have been breached only in the east of the city.
Doug_W says():just Bcause they have not yet been breeched does NOT mean significant progress is not being made
rcookie says():HERE IS THE OTHER BANKING CONFERENCE SOMEONE ASKED ABOUT THIS MORNING....NOVEMBER 2016 MIDDLE EAST BANKING FORUM....THAT IRAQ IS PARTICIPATING IN...
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday PM Chat 11-14-16 Part 1 of 3
rcookie says():Republic News reveals the 20 banking owned by Haitham al - Jubouri
Mon, 14 Nov 2016 17:17:38 # Algmehorah_uz It informed the agency of the Republic News from reliable sources on financial corruption run by the Attorney Haitham al-Jubouri, and through the use of his political influence to steal public money in ways to circumvent the law.
Through witnesses and sources, and some of the documents which confirmed that the MP Haitham al-Jubouri manages large Maver to steal public money from the central bank by 20 banking owned al-Jubouri, where he distributed those Chierfat four banks namely Investment Bank and the Bank of Babylon and the Bank of the Middle East and the Bank of Union, this process is managed by his partner called Ibrahim Baghdadi.
The sources explained that these Chierfat have lots of the dollar, which the central bank sells and estimated earnings billion dinars a day.
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TNT: (Earlier today)
Hitdoc : I got a Feeling that this week is the week........THIS IS OUR SEASON.......
Ecubucs : hitdoc! You just may be Right.... Many terrific events happening over the night!
JavaBean: ecubucs hi, what good events that happened overnight? could you elaborate to give us a glimmer of hope? Thanks
Ecubucs: What I've received sounds GREAT and very Positive to this getting Done and Soon....
Our source out of Iraq has given some "Superfantastic" news about the banking sector in Iraq
Ecubucs: I'm confident in our sources and this is what they are receiving from iraqi TV.
Folks, this is really good information but it doesn't mean the RV is happening tomorrow... But a steady growth to achieving it is well on it's way!
Yada: Ecubucs and hitdoc. Expecting us to go shortly as well.
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Notes From The Field By Simon Black
November 14, 2016 Santiago, Chile
Overheard in the Land of the Free
When I was in Texas over the weekend taking a quick break from a whirlwind trip around the world, I went to one of the biggest shopping malls in Dallas to buy a birthday present for the CFO of our agriculture business.
The mall is called the Galleria, and it's particularly interesting for shoppers because it has an ice-skating rink on the ground floor.
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KTFA:
MilitiaMan: Another precursor event to happen in the first quarter of 2017. In effect if they are going live in what we call the first quarter, it may be at anytime now, as in regard to our requirements for reporting trades, etc., in the USA, reporting for the first quarter is in process as of Oct 01, 2016, imo. In other words it may start at anytime now from here on out. It may not or won't have to wait until physical 2017 starts, imho. Regardless, well before they get to that point the need a value reference in the form of the 2017 budget that has been read twice now..
Blinkster: Excellent point, Militia_Man!!
Oh, and I don't remember them ever allocating a WEEK OFF (!!) Like they have...starts this week?
MilitiaMan: Lol. We all know that the IMF has an issue with holidays being so ever so abundant.. lol Another Fat lady? Ha
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The below posts were in our 6pm Newsletter
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rcookie says to BGG():ME THINKS THAT IS MAJOR SMOKE....AS FAR AS STARTING POINT...
rcookie says to BGG():WILL PROVE TO BE THE OPPOSITE...EPILOGUE TO THE PROCESS...IMO
BGG says():(lol)
BGG says():from your lips to God's ears!!
BGG says():BTW - several times I have commented, I am suspicious of the same...
rcookie says to BGG():WE HAVE SOOOOOO MUCH JUICY STUFF...THATNOT ONE OTHER ENTITY IS TALKING ABOUT IN DINARLAND....ANYWHERE...
BGG says():it's just weird they are this open - direct - and "forward looking" in their comments. Even giving something of a "heads - up" as to when...
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Dinar Updates Monday AM Chat 11-14-16 Part 1 of 2
Movack says(): Lets say each one of us in Dinar land have some sort of three zero note, weather it be a 1000, 5000, 10000, 25000 or the new 50,000 note. There are some out there that think they might be left holding worthless money at some point in the near future. I'm here to say you are very much mistaken.
The CBI has stated at the beginning of 2017 they will begin the removal of the 3 000 notes from the streets of Iraq in general day to day commerce, and why would they do this? It is simple, with new currency being introduced (lower demons) it would be like sending one your kids down to the market with a form of very large denominated currency that the shop keeper can not make change for on a 1or 2 Dinar item.
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For the complete article, please click title.
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Copyright © 2016 - All Rights Reserved - DRT Distribution, LLC
DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter or Facebook account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisers of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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