DELTA: WE KNOW SHABIBI SAID IN THE PAST THAT THE GOAL IS TO MAKE THE IQD LIKE IT USED TO BE IN 70-80 ..AROUND $2.85 BUT AGAIN WE DON'T KNOW IF THE PLAN STILL THE SAME ...
McDan: Delta do You know if that is $2.85 SDR rate or the exchange rate. My question would add if it is the SDR rate to get the exchange rate ( you would need to multiply the $2.85 times the SDR rate of about $1.38 to get the exchange rate ? IMO )
DELTA: HI MCDAN..2.85 DOLLAR TO IQD ..NOT SDR..
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Saturday Night 6-1-19
Tigger http://www.dinardaily .net/t85449-parliamentary-economy-iraq-has-a-golden-opportunity-to-increase-its-oil-production
1 Jun 19, 02:24 PM Tigger The Iraqi ambassador to Tehran: Saleh transfered an Iranian “message” to Saudi Arabia ..
This is its content 06/01/2019 Baghdad today _ follow-up BAGHDAD (Reuters) - President Barham Salih conveyed an Iranian "peace" message to Saudi Arabia and Bahrain, Iraqi ambassador to Tehran Saad Jawad Kandil said on Saturday.
DELTA: 8 | Currency and Price Stability
The government’s monetary policy since 2003 has focused on maintaining price stability and exchange rate predictability.
The inflation has remained in the low since 2010. According to the CBI, the inflation rate is 1.4% (2015 estimates), while the World Bank estimates 2015 at -1.2%, and the country’s international reserve volume also has decreased due to the sharp decline in oil prices.
The independence of the CBI suffered a setback in January 2011 when former Prime Minister al-Maliki won a court ruling that placed independent institutions, including the CBI, under the control of the cabinet.
In January 2012, the CBI raised the exchange rate of the Iraqi dinar to $1.19, causing a huge crisis that led the Supreme Judicial Council to issue an arrest warrant for CBI governor Sinan al-Shabibi in October 2012 on charges of corruption.
Re-posted just in case our Exchange Appointments are really close!!!
From Virginia Gentleman VELOCITY OF MONEY
I know I don't have to state the obvious...GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.
As we get ready to punch it in, please remember to act like you've been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.
Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.
Don't hoard it, and on the other hand, don't waste it or give it all away. Save, invest, and spend wisely.
Bodyman: We have run the marathon and just waiting to receive the awards…. and as with any marathon, for some it has been brutal, but the rewards are worth it
Lena: There was an article that I think by Tish that talked about Article 140 still need to be put into law to bring more stability to Iraq. I also still believe HCL needs to be passed as well as Moving into Article Vlll. Now maybe all of this can happen in one session or could have already been put into law but it has not been reported.
Tishwash: Article 140 is passed, it is the law the hold up now for the people that it affects is the implementation of it. We are no longer waiting for Article 140 to be passed or approved
Wrider22: Thanks Tishwash! That's good news as well!