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"On the Verge" - Wed. PM KTFA Thoughts, News w/ Frank26 9/26/18

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"On the Verge" - Wed. PM KTFA Thoughts, News w/ Frank26 9/26/18

Post  Ssmith on Thu Sep 27, 2018 7:57 am

KTFA

Article:
“Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth”

DELTA » September 26th, 2018


THE UNKNOWN PARTIE IS THE CBI BY ITSELF...…. THEY DID THAT IN PURPOSE !!!

SO MY Q TO YOU FAMILY...... WHY CBI WILL DO THAT? GOOD JOB SAMSON

Boxman » September 26th, 2018

Sarcasm alert…..Bad news, Iraq is so poor they cannot even support the 500 dinar notes on the street...lol Or conversely, as Delta is asking, could this be the prelude to the CBI issuing replacement currency in the coming weeks in the form of lower classifications of currency...inquiring minds want to know...hehe

Tckc2 » September 26th, 2018

Delta, very interesting question. IMO, to wet their appetite

DELTA » September 26th, 2018

NO.....THEY DON'T EVEN HAVE ENOUGH WATER TO WET IT..rotfl…….

Kloebe » September 26th, 2018

Thank you Samson. IMO this is HUGE! In a positive way. The crises will end within two weeks AFTER the Central Bank PUMPED quantities of small groups. Maybe I’m wrong, but this stood out to me!!

Dena » September 26th, 2018

..... and by the time we see it in print........Its already done...

Frank26 » September 26th, 2018

ONE REASON ................... TO CONTINUE TO EDUCATE THE CITIZENS AND TO TELL THE INTERNATIONAL WORLD .......... TO HAVE CONFIDENCE IN THE CURRENCY AND THE MR OF THE IQD.

THIS IS NOT FOR MY KTFA KONA FAMILY .................. BECAUSE MOST OF YOU TRUST MY OPINION. THIS IS FOR THE NET .......... ....... HEY YOU OUT THERE .................. I TOLD YOU SO !!! !!! !!! LOL

FOR ANYONE THAT WANTS DESERT FROM MONDAY CC ..................... C U 2NITE AT 8 PM EST WITH WIL .................. THEN AT 9 WITH PART 2.


Samson » September 26th, 2018

Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth


26th September, 2018

Intelligence sources revealed on Wednesday unknown sources accused of being behind the "crisis" of small monetary groups "Fakkah."

She stressed that these parties are buying the amount of 100 thousand dinars from the small cash categories at 110 thousand dinars, which is denied by an economist, stressing that the Central Bank of Iraq will solve the "crisis" during the next two weeks.

Since the beginning of this year, the local market has witnessed a suffocating crisis in the availability of small denominations of coins (1000 dinars, 500 dinars, 250 dinars), until the price of one hundred thousand dinars of small currencies worth 110 thousand dinars.

Intelligence sources said that "unknown and unknown bodies, whether internal or external, are behind the scarcity of small cash groups from the local market."

"Since the first half of this year we have observed a new situation in the Iraqi market, the purchase of one hundred thousand dinars of small cash categories of 110 thousand dinars in the categories of more than five thousand dinars and above."

The sources attributed this to "an attempt to reduce the value of the Iraqi dinar against foreign currencies, so that whenever the small groups disappeared, dealing with the higher categories, and thus become the last categories is the currency traded in the market."

However, economic expert Hammam al-Shamma said that it is not so and what is happening now is a "temporary situation." He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis."

"The phenomenon of small groups is small because of the frequent circulation and need by small sellers, so they are sold at a price higher than their relative value and when the market is available, the crisis ends."

Al-Shamaa denied that there are "parties behind the crisis of small cash groups," adding that "the crisis will end within two weeks after the Central Bank pumped quantities of small groups."

Drivers of public transport, shop owners and markets told Al-Ghad Press that they are facing a "real crisis" in providing small cash groups and are often embarrassed both by their customers and public transport drivers, who said the crisis affected their daily income.

A number of the drivers of the medium transport buses (Koster) and small (Kia), some of them buy the 25 thousand dinars of small groups at a price of 27500 dinars.

"We are facing a big problem with small currencies, but they are concentrated in the category of 500 dinars. Most of the passengers pay 1,000 dinars and they have 500 dinars left. We have the right to repay them, but from where we do not exist in the market, we have to pay them back, 1000 dinars) some of them do not take it and few take it, but the result both of us damaged, passengers pay 1000 dinars twice the fare, and the driver waives his wages. LINK

Salamon69 » September 26th, 2018

YEAH this is really huge and confirming! Interesting how in the article since they have a scarcity of the 500 dinar they gave the example of the passenger paying the cab driver 1000 dinar note. And then because the cab driver does not have the 500 dinar to give them change they let them ride for free. I think the cab driver knows that things are ABOUT TO CHANGE! Or they would not be so gracious. LOL

IObey777 » September 26th, 2018

I'm just remembering that Walkingstick told us that articles are about 2 WEEKS BEHIND!! IMO! So...that tells me..this 2 weeks may be almost DONE! Yes!!! 2nd part of that infamous article coming ANY DAY NOW!!! IMO!!! I'm thinking Sept is looking really good!!!

Sunkisesed » September 26th, 2018

Question (WHY CBI WILL DO THAT?) To force the RI Delta!

How did they word it? Central Bank CUT LARGE amounts... starts PUMPING [small categories] in the markets... gradually end the crisis" Without a RI/RV you don't end the crisis -- you actually add to it without revaluing the currency at the same time!! Can you only imagine how many bags of currency they would have to carry to the market if they don't reassign a reality value?????

You taught us that they don't dare bring these notes into the circulation without the RI, or it will put Iraq into hyperinflation overnight! Not only because of the note value, but from putting a large quantity of notes BACK INTO circulation, would negatively adjust the rate of the IQD and force it out of 2% compliance, if they don't revalue it just prior or at the same time as releasing the notes.

The cab drivers, shop keepers have been handicapped for months now -- we saw the article of them carrying huge trash bags full of currency and now this article either paying double for a cab ride, or the cabby doesn't get paid at all, because they can't make change!

I find it interesting - to say the least - they have put a limited time-frame on this plan!! The squeeze is on!

Samson » September 26th, 2018

Economist: Iraq is on the verge of a major economic renaissance


26th September, 2018

Guest of the seminar: Economic expert Dr. Alaa Al-Qusair - economic adviser to the Iraqi parliament speaker.

The German government sent the president of the European alliance and the representative of the two parties cdu and csu Thomas Parais to Iraq to meet with Prime Minister Haider Abadi , in order to develop joint plans for the establishment of investment projects aimed at promoting the infrastructure, job creation and elimination of unemployment, in addition to combating illegal immigration.

Siemens also announced on Sunday that Prime Minister Haider al-Abadi had handed over a road map to produce electricity in Iraq.

"The group has since held a series of meetings and received a positive response from the government," a spokesman for the German company said "Through our proposal, we aim to add 11 gigawatts of electricity in four years, provide thousands of jobs in the country, support anti-corruption, and develop skills and education among Iraqis

Ebadi has already announced a preliminary agreement with Siemens to rebuild and develop the country's electricity sector, which has been suffering from deterioration and neglect since the US occupation

Will European countries compete to invest in Iraq? Is the Iraqi environment suitable to attract investment and capital?

On this subject, guest of the program "Where the truth" on the radio " Sputnik " economic expert Dr. Alaa Al-Qusayr

"The German companies have considerable experience in the Iraqi industry. From the 1980s until 2003, there was a great role for Germany in building various Iraqi industries and on its military and civilian lines.

They have experience in restoring Iraq's infrastructure. The Iraqi government has to go ahead with contracting German companies to build projects. The strategy missing by Iraq, in order to promote economic reality, and will be started with Siemens to build the Iraqi energy system, the government today laid the first brick for these projects, knowing that the Iraqi government does not have sufficient expertise for the To deal with such large projects,where there is a lag in the field of economic culture, we need international companies that have banks, to be a mediator between the Iraqi government and foreign investors, the ability of Iraqi investment bodies are limited and unable to deal with investors

He continued: " Iraq is on the verge of economic renaissance and radical change in all its policies, and next to the stage to be the leading in the reception of such companies that have also realized this trend of Iraq, there is a change and awareness of the Iraqis that the backward administration in the institutions of the State that led to The emergence of these problems, and this change may come through demonstrations or through experience, and the new Iraqi parliament speaker is ambitious young and seeks economic change and tries to reunite all classes of society

"Through my experience, the direction of Iraq to invest will be towards Western European countries, such as Germany, France and Britain, and the United States will not have much room in the investment sector and infrastructure, but in the military areas LINK

Iobey777 » September 26th, 2018

Are you Kidding me?!!!!!! WOW!! "on the verge" as in..standing on the cusp..as in..we are there!!!! IMO!!! Yes, yes, we need International companies and BANKS!!! Oh yeah!!!
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