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Friday, October 14, 2016

"Value of the IQD" - Fri. AM TNT Thoughts/News

TNT

Fireball92:

I read and listen to others who interpret the news. This year in July, the IMF gave Iraq until November to finish their steps to be article 8 compliant and we know what the last step is!

As well, it's been discussed by a few that the IQD exchange rate may not be suddenly elevated to $3 Plus but may be taken International , then float to it reality rate which it is thought would be rapid. It is rumored that this rash of sudden, I'm scheduled holidays is a window they may release the IQD to International at about 1000 to 1..... so with bated breath we wait

Yada:
The value of the IQD in Iraq is already at the eqivilent rate of $3.71 in country so there wouldn't be any sudden increase of the dinar,,,just has to be accessible to us is what we are awaiting…. The $3.71 is the value of the dinar in our country,,,not in theirs,,

Sdinlwas1995:
Yada- is that 3.71 a published rate or guru rate? Big difference, please clarify

Yada:
sdinlwas1995,,when Ray stated the standard rate was use in the report that was submited to the IMF Excs is what their current currency in Iraq would equate to in the US,,,many are confused to think the rate in Iraq has a $3.71 value and doesnt,,their value is their value that was increased as far back as June/July,,,that value is equal to our $3.71 here,,

sgdlaney,,,,IF there was a GCR as some are boasting,,,the dinar would be the linchpin to activate it,,,,,others outside this room, and frankly some are bringing it in here to, that the GCR will activate the dinar and all currencies will be asset backed in the process,,,,,,,,,,,,so deceptive and misleading,,,,,,IMO


As Ray has stated,,why hasn't the other currencies gone ahead and revalued? because the currency with more value hasnt been set as international yet,,,,THAT is whats taking place now,,

Google Basel III and you will not find any reference to any currencies being asset backed,,it references the banks having to back the values of their banks with assets and currency is not covered

Elmerf123456:
Units of Iraqi Armoured 34th Division head towards #Mosul.. Daesh the end is near! #Iraq

#Iraqi Prime Minister @HaiderAlAbadi and #Kirkuk Governor Dr. Najmaldin Karim holding a press conference in Kirkuk ahead of Hawija Operation Daash days numbered.

Dr Abadi inspecting military units and security and military leaders meet in Kirkuk and meet with tribal and conservative leaders and visit the village of Al-Bashir Strike Set!

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