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Featured Post

"Regarding Responses to Released" - Guest Post by TICSB

Entry Submitted by The Ice Cream Shoppe Boys at 12:30 PM EDT on October 21, 2016

Monday, August 29, 2016

Dinar Updates Daily Chat Log for Monday 8/29/16 - Part 3

Dinar Updates Daily Chat Log

Part 3 - Featuring BGG

MrsBGG says to Holly1(9:37 AM):

Thank you so much!! He had to go. Am copying the whole thing and e-mailing it so he can look at the whole thing :) Thank you again!!

Holly1 says to MrsBGG(9:37 AM):


david334 says(9:37 AM):

ALAK ! Thx Holly

Baxter says(9:37 AM):


Baxter says(9:37 AM):


larrykn says to Holly1(9:37 AM):

thank you holly1 great news :)

david334 says(9:38 AM):

I am feeling happy(lol)

larrykn says to Holly1(9:38 AM):

just them talking about changing the value is exciting :)

larrykn says to Holly1(9:38 AM):

I like that word float too :)

larrykn says to Holly1(9:39 AM):

NEWSTIME is at 6:30pm CST

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”

Mon. 8/29 “After Call” – w/RCookie,

Mr White & Hutch

david334 says(9:40 AM):

Super Star Holly

Holly1 says(9:40 AM):


larrykn says(9:40 AM):

sounds like they want it in a basket of currencies

david334 says(9:41 AM):

It sounds like they want to bring it out at a rate hihgher than a $1 and the IMF peg is the reference basket

Holly1 says(9:41 AM):


dale says(9:41 AM):

Thank you Holly1

Baxter says(9:41 AM):


larrykn says(9:41 AM):

I hear that lol

david334 says(9:41 AM):

Oh dear Lored please

Holly1 says to david334(9:41 AM):


SRW says(9:41 AM):

Coming soon to a theater near you! :D

Woodywoodpecker says(9:41 AM):

thanks Holly

david334 says(9:41 AM):


Holly1 says to Woodywoodpecker(9:42 AM):


david334 says to Holly1(9:42 AM):


Woodywoodpecker says(9:42 AM):

you made me blush

Woodywoodpecker says(9:42 AM):


kalis says(9:42 AM):

holly you are the best

david334 says to Holly1(9:43 AM):

Nailed the key story Woodward and Bernstien

david334 says to Holly1(9:43 AM):

Watergate I am dating myself

larrykn says(9:43 AM):

they were talking about what Kawait did, didn't they reinstated at over 3 to 1usd

Holly1 says to Woodywoodpecker(9:43 AM):


Woodywoodpecker says(9:44 AM):


david334 says to larrykn(9:44 AM):

yes well lower but it moved to $3plus fast

Holly1 says to larrykn(9:44 AM):


larrykn says(9:45 AM):

what ever it is I likey :)

Holly1 says to larrykn(9:45 AM):


SRW says to Holly1(9:45 AM):

Well, I know a Bluebird that did! Woody crashed and burned! :D

Holly1 says to SRW(9:45 AM):


Woodywoodpecker says(9:46 AM):


Society says to larrykn(9:46 AM):

I think just saying unpeg from the USD and peg to a basket of currencies like Kuwait but difficult to do with the current US presence

david334 says to larrykn(9:46 AM):

They are saying you did it definitive evidence. Alak's was corresponding on the BGG site

Society says to larrykn(9:46 AM):

We have seen this discussed in the past

Holly1 says to Society(9:46 AM):


larrykn says(9:46 AM):

I really don't care what they come out at, just do it

(9:47 AM)jake1 was kicked out by jake1!

Woodywoodpecker says(9:47 AM):

amen larry

larrykn says(9:47 AM):

we all know whatever it is the dinar will rise :)

Holly1 says to larrykn(9:48 AM):


david334 says to Society(9:48 AM):

Probably Sistani blasted the US for the wrong reasons political stuff but suggested that we are holding back the econmic opportunity

david334 says to Society(9:48 AM):

but they'll get over it . Cause the big gun sovereigns are behind this plan

larrykn says to david334(9:49 AM):

I think what they are saying too is they realize that they are losing all kinds of money by not revaluing their currency and coming out to the world

SRW says(9:49 AM):

Yes we have and they are discussing the possiblilities of inflation and whether it could happen using a certain model to revalue their currency.

david334 says to larrykn(9:49 AM):

I agree. the $20 million auction !!!

Holly1 says to larrykn(9:49 AM):

Abu Ahmed, the Iraqi

So the obvious rise in the value of the Iraqi dinar is not because it is linked to the Iraqi economy and prosperity or not, but rather the result of the close link to the US dollar

larrykn says to SRW(9:49 AM):

and what is their inflation at today ,,,,almost zero

SRW says(9:50 AM):


Holly1 says to larrykn(9:50 AM):

bu Ahmed, the Iraqi

So the obvious rise in the value of the Iraqi dinar

Holly1 says to larrykn(9:51 AM):

So the obvious rise in the value of the Iraqi dinar

larrykn says to Holly1(9:51 AM):

yes I see them saying they need to raise the value and are talking about what is the best way to do it

BGG says to kalis(9:51 AM):


BGG says to kalis(9:51 AM):

I got it...

Holly1 says to larrykn(9:51 AM):


larrykn says to Holly1(9:51 AM):

I agree :)

david334 says to larrykn(9:52 AM):

You pushed the stick aside .

MrsBGG says to david334(9:53 AM):

(y) you listened well :)

david334 says(9:53 AM):

Id rather be a cow than a human sometimes

david334 says(9:53 AM):


Holly1 says(9:54 AM):

Abeche today Dollar Iraqi Dinar

This talk is not my brother , economist scientific Danark today 's global value better than before because of the strong linkage to the dollar globally if the deterioration of the dollar to hit the dinar

larrykn says to Holly1(9:53 AM):

NEWSTIME is at 6:30pm CST

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”

Mon. 8/29 “After Call” – w/RCookie,

Mr White & Hutch

MrsBGG says to david334(9:54 AM):

You are valuable :)

MrsBGG says to larrykn(9:54 AM):

Thank you!!

MrsBGG says to larrykn(9:54 AM):

bbiab (})

larrykn says to MrsBGG(9:54 AM):

ok :)

kalis says to BGG(9:54 AM):


david334 says to Holly1(9:56 AM):

:o~(tears of happiness

david334 says to Holly1(9:58 AM):

This may be like the three point shot just before the clock runs out for me.

larrykn says(9:58 AM):

NEWSTIME is at 6:30pm CST

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”

Mon. 8/29 “After Call” – w/RCookie,

Mr White & Hutch

Holly1 says(9:59 AM):


larrykn says(10:00 AM):

Moves to restore money diverted

8/29/2016 0:00 BAGHDAD Alaa al - Taie

financial advisor to the Prime Minister, about the presence of motionless by the government in coordination with the United Nations, in order to recover millions of dollars smuggled out of the country during the years Almadih.otota revealed that step, according to government adviser appearance of Mohammed Saleh, during his speech »

Sabah» after the signing of Iraq to a memorandum of understanding with the United Nations, requires the involvement of international investigators to review and audit the files of corruption and prosecute those involved in them in a manner consistent with the internal preparations in the government 's program and the document of reform to fight corruption and restore the money smuggled out of the country

in order to achieve justice Alajtmaih.oukal Saleh, the great mobility «and unspoken »is underway in coordination with the United Nations and international investigators, and the support of the Iraqi government, the aim of the money smuggled restore, pointing out that these steps are part« of the national will adopted by the government of Prime Minister Haider al - Abadi, under its comprehensive reform, which aims to fight corruption and restore the people's money ».

financial adviser said, that the government 's understandings with the United Nations development program and investigators international in order to expand cooperation to restore the people 's money looted during periods favor of the nature of the tasks performed by UN investigators in the fight against corruption and money - back contraband,

pointing out that investigators missions the core is «review and scrutiny and the intersection of some of the well and the names and activities during the past ten years» explaining that the duration of the work of the investigators and the memorandum signed with the government, to carry out those tasks, set two years, subject to Tmdid.kma Saleh stressed, that the memorandum includes assisting Iraq in the detection of You corruption and prosecute those involved who have fled outside the country, and work to restore the money smuggled over the past years.

Holly1 says to david334(10:00 AM):


MrsBGG says to Holly1(10:00 AM):

He's out again :) E-mailed him the whole article :)

Holly1 says to MrsBGG(10:01 AM):

(v) TY..

larrykn says(10:02 AM):

Iraqi calls to investigate smuggling 700 billion dollars

4:01 AM

Baghdad/ Iraq TradeLink: Iraqi Parliamentary Financial Commission called the Iraqi government, in cooperation with international organs, to investigate the smuggling of 700 billion dollars since 2003 till now.

Member of the Commission Abdul Qadir Mohammed reiterated that the Iraqi parliament called, earlier, the government to exert efforts to discover the fate of Iraqi funds abroad.

"Iraq is fully in need for these funds at this stage", he pointed out.

david334 says to larrykn(10:02 AM):

S&P rating worthless. They point to negative growth in 2017

kalis says(10:03 AM):

i am surprise rcookie or mr white not here ??

david334 says to larrykn(10:03 AM):

Sorry if they can just recover 20% they are flush. They are going to make an example of these guys because of the economic summit and no growth .

MrsBGG says to Holly1(10:04 AM):

you are welcome sweetie :)

david334 says to larrykn(10:04 AM):

Anti corruption is going to be a huge theme among G20 now

larrykn says to david334(10:05 AM):

I agree

Society says to Holly1(10:05 AM):

I believe they are saying the dinar is enjoying increased purchasing power solely as a result of the increased USD value and are fearful if the USD drops, so will the purchasing power of the dinar causing increased inflation.....if they peg to a basket, the effects of individual currencies against the value of the dinar are minimized.......

Holly1 says(10:05 AM):

Karbala news

# After Abadi approval for secession .. Barzani to visit Baghdad

SRW says to Society(10:06 AM):

I agree!!

david334 says to Society(10:06 AM):

but not at .0005. Thats a difference that makes no difference

Society says to Holly1(10:06 AM):

Remember, they are talking world economics not specific value ie 1182

Holly1 says to Society(10:07 AM):


david334 says to Society(10:07 AM):

I disagree that those communications were academic at this point

Society says to david334(10:07 AM):

No.....the USD has gone from approx .6 to .95 and the dinar has been pegged to it and has also therefore enjoyed increased value

david334 says to Society(10:10 AM):

It has moved up on a percentage basis a lot but going from .0008 to .0004 is not relevant to the relative economic value. The relative metrics are so out of whack unless u believe Iraq is disapearing the currency is grossly undervalued and the dollar overvalued

Society says to david334(10:10 AM):

If it takes less USD to purchase items now that the USD has gone to approx .95, it also can be concluded that it takes less dinar since pegged to the USD........however, if the USD value decreases, so will the dinar right along with it and thus result in inflation increase

david334 says to Society(10:11 AM):

How does inflation go up because of a decline in dependence on imports. Increasing domestic production increases income

david334 says to Society(10:13 AM):

Prices get reset to relect a valuation change thats the baseline. S&P said domestic demand was on its butt because of ridiculously low rel PPP

david334 says to Society(10:13 AM):

Take your bearish view and buy US treasuries

Society says to david334(10:13 AM):

Look at it another way, the Iraq economy predominayely functions on USD and imported products are bought using USD which is what necessitates the auctions to allow USD to enable their economy to function.....they are able to purchase more with less USD now that the value of the USD has risen sharply....

david334 says to Society(10:14 AM):

i dont care

david334 says to Society(10:16 AM):

The dinar has suffer from PP because of the us dollar with the decline in oil which is priced in $$$$

SRW says(10:18 AM):

My thinking is more in the middle of both of these comments. The dianar is valued at this time at 1182, so that is the what it is to purchase goods and it takes a wheel barrow right now to purchase anything with the dinar. On the other hand, if you use the dollar the purchasing power is greater and you don't have to carry a burlap sack to carry it in. Iraq needs to increase the value of their currency to help the people have a higher value of their currency.

Society says to david334(10:18 AM):

I was addressing the positions of the "friends" of Holly stating the dinar value has risen and that Kuwait pegged to a basket not just the USD......Their statements, not mine....

Society says to SRW(10:19 AM):

Agree,,,but apples and oranges as to the "friends" of Holly comments we were addressing

SRW says(10:21 AM):

I said currency at the end and I meant to say, for purchasing power. My Bad!

(10:22 AM)Holly1 was kicked out by Holly1!

Society says to SRW(10:22 AM):

As to the wheel barrow, the 50,000 and 100,000 change that if available and they have liquidity.....however, liquidity has been noted as a problem repeatedly in many articles

larrykn says to Society(10:24 AM):

I believe the true reason for those larger notes is to lower the note count before they bring out the lower notes an change the value

Society says to larrykn(10:24 AM):


larrykn says to Society(10:24 AM):

which all will take time, removing the higher notes will go on long after they change the rate

larrykn says(10:26 AM):

I think the ecards will bring in the mattress dinar, which will help with liquidity

larrykn says(10:28 AM):

NEWSTIME is at 6:30pm CST

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”

Mon. 8/29 “After Call” – w/RCookie,

Mr White & Hutch

Continue to Part 4
 | Link to Part 1


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