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Table of Contents

Dinar Updates Wednesday PM Chat  12-7-16   Part 3 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

Dinar Updates Wednesday PM Chat  12-7-16   Part 3 of 3
loop says():2017 balance between austerity and fiscal discipline
 
8/12/2016 0:00 BAGHDAD / Imad emirate raised the issue of the budget in 2017 in Iraq controversy among the public and interested parties and specialists about what next year 's budget is the budget and whether war or peace and reconstruction in the budget?
 
And apparently the prevailing view among the general citizens it austerity privilege budget, because of his campaign with it from the tax deductions from employees and pensions, as well as the existence of pressure to the terms of government expenditures in most aspects of public spending (except military and security), which reached the customizations ratio has about 22 percent , a record high in more than ten years, because of the difficult conditions and the minute that passes by Iraq.
 ...


Dinar Updates Wednesday PM Chat  12-7-16   Part 2 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

Dinar Updates Wednesday PM Chat  12-7-16   Part 2 of 3
templejc says():I need some help in explaining something - the article in dinar detectives from XXX and then from Delta explains the same article and get two different explainitions - what do you all believe about the FLOAT? One says yes and the other no? Help me out
 
baxter says():If today... it takes 39000 Rial to make a dollar and tomorrow it takes 3900 to Make a dollar.. how can that be a lop? it would be worth more.. wouldnt it?
Movack says():we wait for tomarrows market to see what affects it may have
 
clay says to baxter():thinking about ridding the 3 zeros like Iraq
clay says to templejc():CBI stated never a float
clay says to Movack():hey
 ...


Dinar Updates Wednesday PM Chat  12-7-16   Part 1 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

Dinar Updates Wednesday PM Chat  12-7-16   Part 1 of 3
SRW says():Iran has been throwing articles in the media.. Some Gurus took the bait.. Why invest in a country that supports terrorism.. That should be the first tell..
 
jeffjane says to rcookie():I wonder how soon they will sign the budget and get it in the gazette
 
jeffusa says to jeffjane():I wonder when my budget will be submitted
willie60 says():Bobby you guys are smacking it waaay out of the park. WOW
 
1bobby says to willie60():It's almost like news overload lol. But some have been here where there was NO news, so the overload is appreciated
 
willie60 says to 1bobby():Oh I'm one of them. Been around a long time and holding dinar since 2012
 
Doug_W says():10 yrs here
willie60 says to 1bobby():So glad to be here too
 
rcookie says():NO......IT WAS THE 2ND INSTALLMENT OF 3 FOR THE SBA 2016 LOAN.....AND 1ST REVIEW.......
...

Frank26 and KTFA Members Thursday Night 12-8-16

KTFA:

Don961:  This says there are plenty of banks already in Iraq ... 66 with 600 branches .... to handle the citizens' needs ... 90% of existing deposits are in government banks ... with 75% of those deposits belonging to the government ...
 
90% of the printed currency is outside the banking system ... so the issue still is to get the people in to the banks ... IMO  
 
Banking density


8/12/2016 0:00   Dr.. As Abdul Hadi

is the concept of banking density one adopted in the economic and financial analysis of banking indicators , which refers to the number of inhabitants per bank in the country, and thus whenever this indicator fell indicates that the spread of banking habits .

In the European Union record of this indicator (1500) inhabitants per bank Therefore it is better than in the United States which scored five thousand people for each bank, but the question how to analyze this indicator in Iraq?
....


Which Of These Would You Rather Have In Your Safe?

Let's say you have two equal size safety deposit boxes.
 
One box you completely fill up with stacks of $100 bills.
 
The other box you fill up with gold.
 
Which of the two is "worth" more?
 
It's easy to calculate. A stack of 100x $100 bills is 6.14 inches long, 2.61 inches wide, and 0.43 inches tall.
 
That's a volume of 6.89 cubic inches (112.92 cubic centimeters... and we'll use the metric system from here on out because it really does make more sense!).
 ...


The below posts were in our 6pm newsletter

Full KTFA Monday Night CC Notes 12-5-16  Part 2

Part 2:

Frank26:  This will be the very first budget implemented in the history of Iraq Family....they are making historical steps....they are making history with their budget.....they have never had an approved and voted on budget for their country....we are all over them....like skin on skin...we see everything....we see every little trick they try to do.
 
So we now look....what did I say not before the 15th....but the 15th and beyond....to the 1st.....the Mookla....I don't know....I hope so....to the 20th when Trump gets put in as President....I don't know.....somewhere in the middle of the first quarter....I don't know....but not before the 15th....but after.
 
IMO the BIS is very happy with the auctions and the software and the new way to do the auctions....the BIS is purely financial....they deal with banking...and then we have the World Bank....and then we have the IMF....they deal with a multitude of things....there are a lot of good happy 3-letter agencies in Iraq.
....


Full KTFA Monday Night CC Notes 12-5-16  Part 1 

KTFA:

Aggiedad77:  Heads up Family.....here are the MONDAY NIGHT CC NOTES......sorry for their lateness....enjoy   Aloha    Randy

*** 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!!! ***

CC Notes for Monday 12-5-2016

Frank26:  We are now ready to walk into our study of the Iraqi dinar.
 
Before I do......nobody knows the date.....nobody knows the rate....of this investment that we are involved with together Family but....I do have a desire....a responsibility to tell you that.....this is the season in which we represent the birth of Jesus Christ.....unfortunately to me the story of Christmas has been "Santa-tized".....too much to the point where it has been diluted...
....


Dinar Updates Wednesday  Late AM Chat  12-7-16   Part 3 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

Dinar Updates Wednesday  Late AM Chat  12-7-16   Part 3 of 3
Josie says():Question: I am a bit confused on the question of whether the Parliament is still in session or now on a Holiday after passing the budget ?
 
loop says to Josie():They are on break on.
loop says to Josie():now.
Josie says():Have they given a return date ?
 
dinarstudent says():is parliamnet off for holiday now
 
daytrader says to dinarstudent():Once they passed the budget, they were done. The new session should start about Jan 7.
 
dinarstudent says():ok no chance of rv until jan 7 correct if even then
 ...


Dinar Updates Wednesday  Late AM Chat  12-7-16   Part 2 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

Dinar Updates Wednesday  Late AM Chat  12-7-16   Part 2 of 3
rcookie says to 1bobby():THEY ARE TELLING EVERYONE.....YEAH...YEAH WE KNOW THE AUCTIONS ARE AND HAVE BEEN BROKEN AND BREACHED....AND THE PRIMARY ROLE OF THE AUCTIONS ARE TO MAINTAIN STABILITY OF IQD.....BUT....
 
THE ONLY WAY TO REALLY STABILZE THE IQD IN THE MARKETPLACE IS TO REDUCE THE DEMAND FOR USD.....AND YOU WONT REDUCE THE DEMAND FOR USD BY TURNING THE AUCTION FAUCETS OFF....
 
YOU REDUCE THE DEMAND "THROUGH STRUCTURAL CORRECTION OF THE IRAQI ECONOMY"....GIVE THEM SOMETHING BETTER AND MORE VALUABLE AND YOU HAVE INHERENT INCENTIVIZATION TO USE IT!!!....
 
rcookie says to sassy():I AGREE SASSY!...
 ...


Dinar Updates Wednesday  Late AM Chat  12-7-16   Part 1 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

Dinar Updates Wednesday  Late AM Chat  12-7-16   Part 1 of 3
slh good morning
slh5282 says():DOES ANYONE KNOW WHAT THE STATUS OF THE BUDGET FOR 2017 IS AT THIS POINT? i SAW ONE POST THAT SAID IT WAS IN THE HISTORY BOOKS NOT SURE IF THAT IS VALID.. iNFO PLEASE..
 
1bobby says to slh5282():They've published it
 
slh5282 says():SO DOES THAT MEAN THEY VOTE 3 TIMES AND IT IS DONE OR IS IT A TWO TIME VOTE?
 
slh5282 says():AND IF THEY PUBLISH IT DOES THAT MEAN IT WAS APPROVED BY PARLIMENT
sassy says():if it is in the gazette it is final
 ...


News, Rumors and Opinions Late Thursday Morning 12-8-16

KTFA:

BACKDOC:  AS IRAN HAS STATED EARLIER, THE TWO PAYMENT SYSTEM WILL BECOME ONE AFTER MARCH 20TH!  WHAT IS HAPPENING NOW IS A TRANSITION UNTIL THEN.  

THESE ARE IN COUNTRY CHANGES AND LIKELY COUNTRY TO COUNTRY BUT AFTER MARCH 20TH THE NEW DIGITAL REALITY WILL REVEAL ALL TO THE PUBLIC!   DOC   IMO

Walkingstick:  Iran plans to revalue, rename rial currency

Wed Dec 7, 2016

Iran plans to revalue its rial tenfold and revert to the currency's old name, the toman, according to a bill approved on Wednesday by President Hassan Rouhani's cabinet, the official Islamic Republic News Agency (IRNA) said.

https://financialtribune.com/articles/economy-business-and-markets/54998/gov-t-oks-toman-as-currency-unit  
....


A Little Fun (While we Wait)

 
WSOMN:

ADMINBILL:   20 WAYS TO MAINTAIN A HEALTHY LEVEL OF INSANITY

1. At lunch time, sit in your parked car with sunglasses on and point a hair dryer at passing cars. See if they slow down.

2. Page yourself over the intercom. Don't disguise your voice.

3. Every time someone asks you to do something, ask if they want fries with that.

4. Put your garbage can on your desk and label it "IN".

5. Put decaf in the coffee maker for 3 weeks. Once everyone has gotten over his or her caffeine addictions, switch to espresso.

6. In the memo field of all your checks, write "for smuggling diamonds".
....


The below posts were in our 10am newsletter

Bits and Pieces in Dinarland Late Wed.PM/ Early Thurs.AM

Early Thursday Morning: 

WSOMN:

ADMINBILL:  THURSDAY IS HERE AND WE ARE STILL VERTICAL AND SUCKING IN AIR. THAT IS A GOOD THING! IT ALSO MEANS YOU ARE STILL IN LINE TO BECOME A LIVING DINAR EXCHANGER SOON.

I WANT TO TAKE A MINUTE TODAY TO GIVE A BIG ROUND OF APPLAUSE TO THOSE GOOD PEOPLE THAT PROVIDE ME WITH INTEL, INFORMATION AND RUMORS ON A DAILY BASIS. THEY ARE THE REAL DEAL!

THE INFORMATION RECEIVED UP UNTIL LATE LAST NIGHT LEADS ME TO BELIEVE THAT THE PROCESS IS AS FOLLOWS:

1) ZIM IS A PLAYER WITH 100T NOTES THE PRIMARY NOTE TO EXCHANGE AT WHEN ACCEPTED.

2) THERE IS A POSSIBILITY THAT ZIM NOTES PURCHASED AFTER A CERTAIN DATE WILL NOT BE ACCEPTED (RUMOR ONLY).
....

Dinar Updates Wednesday AM Chat  12-7-16   Part 3 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

clay says to 1bobby():did they pass the budget
SRW says to 1bobby()():Was the Permeshga military added to the GOI military budget..
 
1bobby says to clay():I would say so. There's a published text of the budget in the forums. Around Article 9 they mention the Kurds amd 17%
 
clay says to 1bobby():thanks I thought I read that
 
1bobby says to SRW()():It was. The budget includes 23% Defense spending
1bobby says to clay():It's a long one that pretty much includes everything DU discussed leading up to completion
 
clay says to 1bobby():(y)
 
1bobby says to clay():(handshake)
clay says to 1bobby():what else do we need ({)
clay says to 1bobby():besides Mosul
 
SRW says to 1bobby()():Cool.. What I don't understand is the Basra region throwing a fit when that area will bring in huge non oil revenue.. Do these people not want to work? ({)
...

Dinar Updates Wednesday AM Chat  12-7-16   Part 2 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

subgirl says to rcookie():Iraq 's parliament voted on Wednesday, on the financial budget for the entire year 2017. yyyyyaaaaayyyyy!!!
 
loop says():Here is an article from MadDScout
 
risk5849 says():Nice to wake up to great news..... Parliament approved the budget in 2017 and end the legislative term

 LINK
 
loop says():Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more
...

Dinar Updates Wednesday AM Chat  12-7-16   Part 1 of 3

Post From Dinar Updates
Chat Room News Excerpts & Highlights

ol lar says():gm
ol lar says():  Peshmerga got thier way ,yea!
 
loop says():  Urgent .. Parliament vote on the allocation of a percentage of the defense budget to the Peshmerga
 
Wednesday 07-12-2016 | 3:09:22  Urgent .. Parliament will vote on the federal budget and end the legislative term
 
Wednesday 07-12-2016 | 3:14:49  Kurdish lawmaker is likely to agree on the budget and to add clauses to the agreement oil
 
History of edits:: 12.07.2016 9:42  {Baghdad: Euphrates News} guessed MP for the coalition of Kurdish blocs Majid Chenkali, blocs agree to pass a federal budget for next year 2017.
...

Highlights From KTFA Wednesday Night CC 12-7-16  Part 2

2 Comments 

Part 2:

Frank26: These ATM's have software inside of them ... the citizens open accounts to use the ATM Machines ... WOW!

The CBI believe that this is how you get the citizens to open accounts BEFORE the end of the year!  Freakin' brilliant!

If they increase the rate BEFORE the end of the year ... if citizens are going to acquire any currency ... they will have to have an account.

Contractor said ... about 4 years ago ... I noticed they brought in ATM machines ... but on the ATM's ... none of the RED LIGHTS were on.

What is inside of these ATM machines?  Lower Denoms!

They want to release these ... (MOOKLA) ... by the first of the year.

I am speechless ... lost for words CBI.