August 16th 10am

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GodLover:  Quick question or two. We had read that the citizens will start receiving oil revenue profits (HCL) September 5th. We have also seen many entities being paid, assuming at current rate. With that said, why are some thinking that if the rate does not change prior to Sept. 5th, it would cause anger from the citizens? Just trying to understand how that event is any more significant than previous?

HappyGolfer:  I think I can touch the surface on this one they are a proud country, a rich country Iraq needs this ri for it’s psychological well being, Iraq’s are winners IMO

Harley1:  The citizens aren’t concerned with the rate change as it will not directly affect them. Their concern is with the value of their currency, ie it’s purchasing power which impacts their quality of life.

The income they will derive from the HCL is like a paycheck from the country’s sale of oil, and I suppose you could say that an increase in currency value or purchasing power is like a big fat pay raise.

Baxter  first part of Dinar Perspectives call on Deleting the 3 zeroes:

Baxter  ..... its worth the listen.... they have a guest explaining the delete the zeroes....... 



Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Wednesday Night  8-15-18  

chattels  Tuesday, August 14, 2018
Iraq Says It Will Only Follow Partial Sanctions On Iran

http://musingsoniraq.blogspot .com/2018/08/iraq-says-it-will-only-follow-partial.html

chattels  http://musingsoniraq.blogspot .com/2018/08/iraq-says-it-will-only-follow-partial.html

chattels  Iraq is also a major source of hard currency for Iran. The Central Bank of Iraq carries out weekly currency auctions, and has never been able to adequately regulate them. The U.S. has pressured Baghdad about these auctions for years, most recently because the Islamic State was using them to raise funds.

The Central Bank responded with a number of measures, but none has been adequate to stop IS or Iran and other countries from buying dollars. In 2012 for instance, the New York Times ran a story that Tehran was using Iraqi banks to skirt sanctions and buy dollars.


Fullsail: IF we remain Flexible with Our Plans.... then we can be better prepared for the UNexpected and get the most out of our situations

Tishwash: Moody’s upgrades ratings of 14 Vietnamese banks

Moody’s upgraded the long-term local and foreign-currency deposit and issuer ratings of Vietcombank.

Viet Nam News

HÀ NỘI — Moody’s Investors Service on Tuesday upgraded the ratings of 14 Vietnamese banks, driven by its upgrade of Việt Nam’s sovereign rating to Ba3 from B1 late last week.
Under the latest rating actions on Việt Nam’s banking industry, Moody’s upgraded the long-term local and foreign-currency deposit and issuer ratings of Vietcombank, BIDV and VietinBank.