DELTA says If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3.
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DELTA says If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3.
by Ponee on Tue Aug 04, 2015 3:22 pm
Delta
I do have the confirmation...one bond does exist...a domestic bond.
For every dollar that you are going to buy...the price is 1095 dinar on those bonds...you may not see that in the news because that happens internally within the banks.
From August 2 until 31st the CBI is doing this to raise some liquidity and capital for the financial ministry in Iraq.
Those bonds mature in 1 year. In one year...financial ministry has to pay you the money plus about 6% interest.
I think it’s disappointing that the CBI is doing this to the citizens because we all know what’s going to happen. Say 2 or 3 months the value increases...imagine how upset they will be? In my opinion...we may not see any changes in the month of August because of those bonds.
I don’t think the CBI would pull the trigger while selling those bonds. In my opinion - nothing will happen in August. If the CBI sells the bonds fast...they could increase the value.
The only thing left is the currency reform. They must lift the 3 zeros and move forward. In my opinion...you will never see an international bond without the currency reform. We will not see an international rate without currency reform.
The IMF told Iraq a long time ago...they stated specifically...they will help Iraq if they implement the tariffs and lifting the value of their currency.
The tariff...they are implemented. For the IMF to give the emergency loans...they know what’s going on.
The reason why I’m excited...it’s impossible to increase things with 20% taxes without increasing power of purchase. If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3.
I’m very, very excited! I’m very anxious to see what happens this September.
I do have the confirmation...one bond does exist...a domestic bond.
For every dollar that you are going to buy...the price is 1095 dinar on those bonds...you may not see that in the news because that happens internally within the banks.
From August 2 until 31st the CBI is doing this to raise some liquidity and capital for the financial ministry in Iraq.
Those bonds mature in 1 year. In one year...financial ministry has to pay you the money plus about 6% interest.
I think it’s disappointing that the CBI is doing this to the citizens because we all know what’s going to happen. Say 2 or 3 months the value increases...imagine how upset they will be? In my opinion...we may not see any changes in the month of August because of those bonds.
I don’t think the CBI would pull the trigger while selling those bonds. In my opinion - nothing will happen in August. If the CBI sells the bonds fast...they could increase the value.
The only thing left is the currency reform. They must lift the 3 zeros and move forward. In my opinion...you will never see an international bond without the currency reform. We will not see an international rate without currency reform.
The IMF told Iraq a long time ago...they stated specifically...they will help Iraq if they implement the tariffs and lifting the value of their currency.
The tariff...they are implemented. For the IMF to give the emergency loans...they know what’s going on.
The reason why I’m excited...it’s impossible to increase things with 20% taxes without increasing power of purchase. If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3.
I’m very, very excited! I’m very anxious to see what happens this September.
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Re: DELTA says If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3.
by Toby1 on Tue Aug 04, 2015 7:09 pm
I thought i was reading a post from august 2011. What a crazy statement. One of many of Deltas. He knows nothing.
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Re: DELTA says If Iraq came out at .85 or 1 to 1...that is not the true value. The true value is over 3.
by Kevind53 on Tue Aug 04, 2015 9:58 pm
Pretty much, yea ...
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