May 31st 10pm

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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Thursday Evening 5-31-18  
Chattels    Reidar Visser @reidarvisser : Some members of the outgoing #Iraq parliament held another extraordinary session today ostensibly to discuss draft changes to the election law. Cannot mask the fact that they are trying to circumvent existing legal framework when complaining about results
Dave   kinda of ironic that they can now suddenly make quorum.....


Don961: We are looking for them (auctions) to be suspended ... because once the value of the reinstated dinar is on par with or greater than the value of the dollar , there will be no need for them to have a currency auction and sell so many dollars from the reserves ...

Like other currencies ,the dinar will be freely traded and used internationally for transactions ... currency swaps , etc . ... then the CBI reserves will increase , perhaps more gold purchased , but in any case add more value to further back and strengthen the value of Iraq's currency ....

As we have been taught ... this is one of the things that will happen concurrently with the release of the 2nd article and reinstatement ... imo

MeKong: Thank you Don,For those who have not kept up with their studies, Delta and Frank have told this to you many times,Iraqi businesses need USD to pay remittances for imported goods. Until the dinar is accepted internationally, the auctions must continue.
The move by the CBI to 1190 is definitely good news for us ... imo.