Chicago: Hearing USA is putting pressure on Iraq to impose sanctions on Iran, and this may be the holdup. Also hearing a delegation from the USA is in Iraq, not sure for what reason. Could this be the holdup?
Airam: Iraq is managing perfectly w/o the RV .....we have seen the videos of kurdistan Bagdad....everything is good and moving forward .....its been a yr since the elections....no goi ......they dont need it
Chicago: They do need it, because they're borrowing from everyone to make it.
Briona: Managing is one thing, thriving is another, and will take a massive input of investments. This will require a real currency that is actively traded.
Fuze: Airam, Iraq is not "managing perfectly" nations don't work very well when they can't use their own currency to purchase goods and materials in international commerce. A Nations currency not being fully tradeable is an economic hazard for that nation and inherently risky and easy to steal. Economics 101
Briona: Let this be the Final Friday....
MilitiaMan: Laundry list of thoughts of mine why we are going to the Bank so very soon, imo!
1) The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation." ~ March 20, 2019.. ""the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country"."
2) Mahdi stated that before June he would increase purchase power for the citizens.
3) An article from the Basra Branch of the CBI, told us that they were to facilitate exchange trade with all groups of currency. The spoke of lower denominations and small category notes, and all groups!! 3) IRAQ TRADE BANK to be operational, as the first international bank of Iraq, in Riyad Saudi Arabia come mid May.
4) Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow.
IQDCalls Chat Thursday Night 5-2-19
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Thursday Night 5-2-19
Foxmulder HANG TOUGH FOLKS
Foxmulder Dont sell , at some point the currency policy will change
Foxmulder I have met them all , the Christian ones are wonderful people
Foxmulder Even a few Muslim ones my best friends , when my first wife passed he tried to get me to marry one of his daughters
Goofus In all of my years -- I have only been able to only do two deals with them. Leased a house to 1 --- big mistake -- they trashed it. The other was really difficult to negotiate with.
THE BIG CALL WITH BRUCE THURSDAY, MAY 2, 2019, INTEL ONLY
TRANSCRIBED BY PINKROSES
Bruce: Welcome Everybody to the Big Call tonight.
I just want to say to everybody that I have been asked again not to go into rates tonight because the fact we are so close to what is going on. So, you know Tuesday I sort of talked a little around it, but did not get real specific about any specific rates. It is going to be the same thing tonight as far as that goes, but I do have a little information I want to bring to everybody.
Let’s start first of all with the fact the Iraqi Dinar and the USTN, our new currency, started to trading last night at 8pm EDT, and needed 12 hours straight of trading those two pairs together in order to get the rate of the dollar, our USTN, up versus the Iraqi Dinar. Now, the Iraqi Dinar has been off the screens for days now.
My thinking is if it is not back up tonight around this time, it should be up tomorrow morning I would think. So that is interesting that the trading needed to take place and it did last night.