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Frank26 says there should be a change currency THIS YEAR
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Ethel Biscuit
Ponee
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Frank26 says there should be a change currency THIS YEAR
Frank26
ARTICLE: “The catastrophic corruption between banks and companies in the sale of the American Dollar is coming to an end.”
NINE EXAMPLES that CORRUPTION in IRAQ is being killed:
#1 -- The policing of the United Nation groups, new laws, new banking systems being implemented.
#2 -- The currency auctions are being monitored. That was the hole in the bottom of the ship.
#3 – No more false names / dead people / false companies, etc.
#4 – The USD needs to stop being used (MCP) – which has been used at the borders
#5 – No more false bills / PO’s.
#6 – No false accounts...
#7 – No more diffusion of payments to false areas (building fake parks, etc).
#8 – The antiquated banking systems had to stop
#9 – No more false passports to transport IQD out of country.
Bagdad, Basrah, Mosul, Erbil, Sulaimaniyah...These 5 cities are where the five Central Banks of Iraq are. We have 4 out of 5...secured...all that is missing is Mosul. In other words...the catastrophic corruption (think GOI/CBI) between banks (think Auctions) and companies in the sale of the American Dollar is coming to an end.” So, they are following the IMF’s instructions...inventorying their product (currency).
IMO … I believe we are going to see a budget...by the 3rd week of this month...and see a change in their monetary policy and a change in their currency...THIS YEAR! I’m not giving you a date...but before the end of this year...we are going to see a change.
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BONDS...in my opinion, it does appear that the USA will not back up the BONDS that the GOI wants to sell. Remember, back in December, the IMF told the GOI that they were going to help them – if they raised the value of their currency. Well, here we are...upon the prepuces of the monetary reform...and Abadi saying they have done everything...well...IF... you have done everything...they get LOANS don’t they?
I have not seen the CBI website show me a new rate for the IQD. They have not changed it officially. DO THEY WANT THE LOANS...the 640 Million Dollar Loan.
They will get that WHEN they raise the value of their currency...and if they don’t...they won’t get the BONDS. This is not bad news.
This is fantastic news!
10.05.2016
Last edited by Ponee on Fri Oct 07, 2016 6:31 pm; edited 1 time in total
Ponee- Admin
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Re: Frank26 says there should be a change currency THIS YEAR
Prepuces?
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Ethel Biscuit- VIP Member
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Mission1st- VIP Member
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Re: Frank26 says there should be a change currency THIS YEAR
Shut up, Spanky Franky-
Terbo56- VIP Member
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Re: Frank26 says there should be a change currency THIS YEAR
The US never said it would back the bonds, nor did they pressure Iraq to sell them. The IMF also did not tell they they had to raise the value of their currency to sell them or to get the loans under the standby agreement. Neither will the value of the dinar make any difference to the potential buyers. First, a bond investor does not give a rats ass what the value of the currency it is denominated is. They care about two things, risk and rate of return. Second, the bond is not denominated in dinar, but USD.
Let's talk about risk and return for a minute. Last year, Iraq had a B- Stable rating. They offered roughly 10% interest, sky high in today's economic environment. There were NO takers. Today their rating has been lowered to B- Unstable. Not a big change, but nominally worse. So IF they expect to sell any bonds, the are going to have to up the ante and offer something more, maybe 12-15%.
Now if your looking to make some money off of Iraq, don't mind a lot of risk, and have a big chunk of cash laying around, this would be a better investment than buying dinar.
Let's talk about risk and return for a minute. Last year, Iraq had a B- Stable rating. They offered roughly 10% interest, sky high in today's economic environment. There were NO takers. Today their rating has been lowered to B- Unstable. Not a big change, but nominally worse. So IF they expect to sell any bonds, the are going to have to up the ante and offer something more, maybe 12-15%.
Now if your looking to make some money off of Iraq, don't mind a lot of risk, and have a big chunk of cash laying around, this would be a better investment than buying dinar.
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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: Frank26 says there should be a change currency THIS YEAR
should wood could or may never all great choices frank
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