"Full RV Status" - Tues. PM KTFA Thoughts/News 11/6/18

by **Ssmith** Wed Nov 07, 2018 9:34 am

KTFA

DELTA » November 6th, 2018

Will Governance Attract More Investment to Iraq?

Working on the governance of joint stock companies and the separation of capital from executive management, the Iraqi Securities Commission, during its conference held in cooperation with the International Monetary Fund and the IFC, believes that they will achieve positive results in attracting investors.

"We believe in the importance of governance as a regulatory framework that works on the institutional work within the joint stock companies, leading to investment and business development," said Alaa Abdul Hussein Al Saadi, head of the Iraqi Securities Commission.

Not only that, but the conference saw a road map for the future of the financial and economic policies in Iraq , according to participants. "A broad outline and road map for the future of fiscal and economic policy in Iraq must be drawn up" said Abdul Rahman al- Shaikhli, a banking adviser.

The Securities Commission is working to complete the file of Iraq to join the International Securities Authorities Organization to promote investment in Iraq, which reflects positively on the overall national economy.

https://www.alsumaria.tv/

DELTA

Matthew1 » November 6th, 2018

Great call last night Frank! Like you said last night and last Friday, IMO RI very soon in 2018 after Article 2, and full RV status in 2019. An RI that leaves Iraq and goes International is what we need and want before we can have the full RV. RI = just over 1 to 1 with RV higher in/over/up to or sooner than 72 to 78 days after RI leaves Iraq's borders. IMO!

Mike100 » November 6th, 2018

Also what we have been taught an RI isnt for dinar holders IMO so.. that does take us into 2019 not sure why everyone is so worried though i think once the RI takes off an Rv should follow closely behind

Iggy » November 6th, 2018

that depends on if they ri at 1 to 1 or 1 to 1190...if they ri at 1 to 1 then it will be for everyone as a ri makes them international. 1 to 1190 changes nothing even if international...imo

Pattycakes » November 6th, 2018

You and me are of the same thinking. A friend of mine felt sad thinking that she couldn't cash out any of her dinars if they ri in 2018 and rv in 2019. I told her if Iraq RI at 1 to 1 or higher that makes them international so yes we can exchange. I hope i am right. If i am wrong anyone is free to give me their opinion. Thanks

S.Josh » November 6th, 2018

Technically, you can already exchange today (some banks do, as well as currency exchange companies) though the rate is tied to the current program rate.

IMO, RI = international.

When they RI, we will be able to exchange in any international bank that handles foreign currency.

When they RI, they will also be deciding and telling us what rate they'll go international at. The indicators and articles point to the intention of a 1:1 launch (stating they will be on par with the USD) followed by a controlled/managed float up until the point they decide to RV.

To me, these indicators have been the plethora of articles reinforcing their intent to drop three zeros, as well as the articles and evidence we've seen regarding the intent to issue small category notes and metals/coins again. It is my understanding the ATM network and banking system in Iraq has been primed for handling these small category notes.

No matter what the rate, when they RI, the IQD is internationally recognized. It will then be up to each to determine when the rate is at a point they feel inclined to exchange.

by **Jayzze** Wed Nov 07, 2018 2:07 pm

yes its full rv status really? what about the 140 hcl and of course getting out of chapter 7 to 8? I believe all that comes first. maybe in the next decade at best before rv, keep on dreaming while you listen to gurus lie

by **claud39** Wed Nov 07, 2018 4:01 pm

https://treasury.un.org/operationalrates/default.php

United Nations Treasury - The United Nations Operational Rates of Exchange

Disclaimer

The Operational Rates of Exchange listed herein are intended only for the internal record-keeping of the United Nations. No warranty of accuracy can be given and the United Nations shall not assume any responsibility in connection with the present publication of these rates.

The government of Venezuela introduced a new currency, Bolivar Soberano (ISO currency code: VES). The exchange rate between the old currency VEF and new currency VES is 100,000 to 1.

Please note that a rate with the newest effective date supercedes the previous or current rate. Also, On monthly revisions, all rates, whether or not changed, are listed. However, for mid-month revision, only the changed currencies will be posted. Please check the schedule below for the ad-hoc mid-month revision dates as well as monthly revision.

Please note that there is a mid-month revision in the rates of the U.N. major currencies and their linked currencies, Angola, Sudan, and Yemen for the effective date of 15 Oct 2018.