August 4th 10am

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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Fri AM 8-04-17 
Spectra: I wonder when those iraq people will use those master cards?
Spectra: does anyone have the info? no i dont think its a RV when theydo! just wondering
Spectra: Investor demand was huge -- the deal was seven times oversubscribed. This enabled the lead managers to lower the indicated yield by 25 basis points to a final 6.75 percent. This is lower than what's available from a similar Ukraine bond, though it is well above the recent five-year issue from Greece, which trades at 4.6 percent.

The Effect of Supply & Demand on the Rate of Exchange
By Randolf Saint-Leger
Supply and demand for a currency fluctuates on a daily basis.

The foreign exchange rate for any given currency rises and falls based on a host of factors. Variables such as interest rates, inflation, government intervention, economic stability and monetary policy play a role in the supply and demand for a country's currency and the exchange rates relative to other currencies.
In general, high demand for a currency raises the value of that currency in the foreign exchange markets. Conversely, a large supply depresses the currency's value.
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Thanks PinkRoses for transcribing for us all tonight:


Bruce:  Welcome Everybody to the Big Call.  We are glad everybody has made it in tonight.  We appreciate you, the listeners not only in the United States and Canada which is the majority of our listeners, but we have listeners in Central America, South America, South Africa, Australia, New Zealand, Europe, Middle East, etc.

We appreciate all of our listeners. We appreciate Pinkroses who has transcribed our call for quite awhile now. We appreciate that.  It is a big help to us to put that Intel out like she does.  We appreciate that. 

Bruce:  Let us talk about Iraq.  We said on Tuesday call that the IMF meeting which was on Tuesday morning which was a success, and it was such a success that the IMF congratulated CBI of Iraq for providing what it was they needed to provide.

Emailed to Recaps: 

From Thursday Night “The Big Call”  8-3-17  Bruce Intel:

Bruce: The IMF congratulated CBI for providing what they had to.

We are hearing he Rate was approved by the IMF and that Iraq has 72 hours to release that date.

So Late tonight or tomorrow, we will hit that 72 hours.

We are hearing that the people with Qi cards had access to shared funds from oil and gas profits. (HCL 140?)

A stolen 150 million dollars worth of dinars was repatriated to the CBI this morning and it was believed to propel CBI to raise the rate of Dinar.

Iraq sold its bonds (that were gold backed) today. Iraq does not need money but they need a good credit rating.
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