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Instead of complaining, YOU have Boots on the Ground ... nice job Risk
that 16M is dated majorly, or is that date of its posting wrong.
thats a good thing!
hmmm - the MACD and Pro are looking sweet. It is still accumulating nicely, while TRIX and STO are showing + pressure.
we will have a turn
I should add on IDCN, I see that 3 month SAR reversal on Think Or Swim platform.
IDCN - 3 month SAR has reversed
It surely "Appears" that way
I hear your words. I have been trying to learn what you guys know, but have been failing. I will get there one day. I know you have been trading for a long time. I was thinking you wee a strait shooter. I am a strait shooter and HAVE NOT pumped any stock to gain myself back out. If I am wrong I apologize, but like I said I am a strait shooter.
I am seeing the MACD, RSI, SMA-50, SAR, ... READY
But my lack of experience is playing with me.
I have lost again, one of these days I WILL NOT
So now YOU are holding insider info. Not only that you are POSTING INSIDER INFO, to a public forum!!!
lol ... the only thing this stock is good for is NOTHING ... I would not even trade it
and our money is now closed
Burgers closed as of Tuesday ...
Got the word this morning that Burgers closed as of Tuesday night. Can't seem to operate any business Sassy Lassie closed almost a year ago and now Nurgers. Of course a business is not going to stay open as long as you have people working there saying F--- this and F--- that among many other nasty words and that is what was going on, they all swear including Ann (Joh's signifcant other), she talks like a long shoreman.
The building Burgers is in and also his other business is on the market for sale and has been for about 3 months now. I figure eventually hewill leave town especially if his mother passes away which at present I understand she is doing fine.
you obviously do not know others here!!!
that is correct, that is the biggest misnomer of all. Owning a stock and selling does mean you can't sell and then re-buy it. I believe the word is compound!!!
lol you are kidding correct!!! 95% of pinks are just that... SCAMS. The only reason you trade them is because of the high percentage. That in itself is the only reason they exist. I lost my a$$ not knowing this, yet you come along acting like you know all, and are all knowing. Pinks ARE NOT a long term investment ... PERIOD
Testing 123
Shabibi denied plans to “lop”, Dinar Exchange rates may be reviewed soon.
Hat tip to Sonny, thanks for the email!***
Iraqi central bank governor interviewed on monetary situation
Read more:
Personal opinion: I think this is an interesting article for various reasons. #1, Shabibi addresses the LOP issue. According to that article from XE, Iraq plans to drop zeros by the end of the year. I keep saying there is no backing for this article, but of course it keeps getting brought up.
Well, there’s Shabibi himself DENYING that they have plans to drop the zeros in any timeline! Moral of the story? XE is good for rates, but when it comes to news… we should be skeptical of the opinionated articles they put out.
Also in that article, Al-Shabibi lets us know that the current monetary policy is always on a 3-6 month timeline, meaning it is revised or reviewed very often.
Next:
State of law adheres to Maliki’s nomination, INC waves of introducing one candidate to prevent votes dispersal
Friday, June 4th 2010 11:10 AM
Baghdad, May 4 (Aknews) – “The State of Law did not nominate a compromise candidate to replace al-Maliki to resolve disputes with National Coalition about the Prime Minister post, while the latter hinted about nominating one person to prevent the dispersal of votes,” says a member in State of Law led by the outgoing PM Nuri al-Maliki.
“State of Law does not have any candidate other than Nuri al-Maliki and the claims about a compromise candidate for our list to replace al-Maliki are not true,” Khalid al-Yawar has stated today.
Read more:
*** Clarification: This is an older article, but the facts and statements are still relevant. Shabibi has never rescinded these statements, and the policies are still the same. The article also shares that the CBI is not in 100% control of the rate on the Dinar, the IMF has agreements with the Iraqi Government. Sorry for the confusion!
Iraqi central bank governor interviewed on monetary situation
Asked to discuss the global economic crisis and whether it has been contained, Al-Shibibi says this crisis is enormous and "will result in a relatively large recession in both advanced and developing countries." He explains that the crisis originated in the United States as a result of the real estate mortgage problem caused by easy-term loans to encourage individuals to buy real estate, and who later were unable to settle these loans. He adds that because these loans were guaranteed by insurance companies, these companies were obliged to repay the loans to the banks and, thus, some of them became bankrupt along with some investment banks. Concerning the rescue efforts, Al-Shibibi says: "The 700 billion US dollar issue is actually the beginning, because the pumping of this cash into this sector has yet to prove that it was a successful measure." He adds that "the other solution that should have been followed is moving to the real economic sectors; that is, all these sums of money should have been used to finance real issues," explaining that the bailout helped settle certain marginal issues only.
Asked whether the Iraqi economy will be affected by the global economic crisis and how great this effect will be compared to advanced and developing countries, Al-Shibibi says the effect of this crisis differs from one country to another, noting that Iraq's concern is over the drop in the demand for oil. He adds: "The sharp drop in the demand for oil has greatly impacted the revenue of these countries, but on the other hand and since oil is evaluated by the US dollar, a partial compensation has materialized," explaining that the net effect is less than what was estimated.
Asked about the relations between the Central Bank and the Iraqi government, Al-Shibibi says: "Although the Central Bank is part of the state's system and works alongside the government, it has its own independent policies," explaining that some of these policies cut across the government's course of action, but at the same time "they stabilize the exchange rate, increase reserves, and contribute to other matters that benefit Iraq and the Iraqi society in general." He also explains that the Central Bank is actually a bank for reserves, which controls foreign and local bank reserves, adding that by maintaining the stability of currency, the Central Bank helps the government "to plan its expenditures securely."
Rahim notes that some accuse the Central Bank of adopting strict policies in order to control inflation, and others justify these policies saying that these policies are dictated by the IMF, and he asks Al-Shibibi to comment.
Al-Shibibi says this matter should not be exaggerated, noting that the Iraqi Government, not the Central Bank, has an agreement with the IMF,and the Central Bank implements the government's monetary policies.
He adds that the IMF sets terms in every agreement it signs with every country, and "while negotiating with the IMF, we try to make these terms as easy as possible. At the same time, we try to impose certain matters on the IMF," explaining that these negotiations aim at reducing 80 per cent of Iraqi debts. He adds that when Iraqi debts are reduced by this percentage, the budget costs will decrease and the speculations concerning its implementation become more certain. He says: "The 80 per cent reduction in debts, which we were able to obtain from the Paris Club, is the highest percentage ever given to a middle-income country in the entire world."
Asked to explain in return for what, he says in return for policies that Iraq should implement.
Rahim also notes that the IMF asked the government to raise the price of oil derivatives and to postpone payment of the difference in salaries that was due following the recent salary increase, and he asks Al-Shibibi to explain the Central Bank's position on this. Al-Shibibi says "the IMF policies were in line with the objective to curb inflation," explaining that their outcome was for the benefit of Iraq, particularly in strengthening the purchasing power of the Iraqi dinar, which should remain under control at all times. He adds that "the Central Bank's general monetary policy is not a long-range policy; rather, it is revised every six or three months in order to monitor where things are heading." Rahim says that what is happening in Iraq today is that local banks are collecting Iraqi dinars from the market and depositing them with the Central Bank in return for a certain interest; thus, making profits at the Central Bank's expense, while they should be lending money to companies and individuals to invest in various sectors. Al-Shibibi confirms that this is the case, explaining that the Central Bank's main objective is to maintain the stability of the currency.
Asked whether the studies on inflation prepared by the Central Bank conform to the studies prepared by the Iraqi Central Apparatus for Exemption, because some believe that there is a disparity between the two, Al-Shibibi says: "The brothers in this apparatus and the Planning Ministry provide us with data on inflation; we then make our calculations to find out the rate of the core inflation on which we build our monetary policies, which aim at maintaining monitory stability," adding: "We take this data, but we design the policy." He explains that while preparing these studies, the Central Bank takes into consideration the outcome of the budget's expenditures in terms of the production attained from such expenditures.
Asked to explain whether recent salary increases approved for civil servants have caused an increase in the cost of living or inflation, Al-Shibibi says inflation should be treated by further spending from the budget," explaining that "inflation is actually a real fact, rather than a monetary issue," which means that it is caused by certain sectors that fall under the authority of the Planning and Finance Ministries. He adds that the Central Bank can only interfere when production results from budget expenditures. Asked in what way the Central Bank will interfere, Al-Shibibi says "it can interfere in the monitory policy, such as raising interest rates, holding back liquidity, or raising exchange rates. It is a firm policy in order to handle the current situation." Rahim notes that the Central Bank has reduced the interest rate to 15 per cent. Al-Shibibi confirms that it has done so, because things have improved. Asked whether this reduction took place as a result of the global economic crisis, Al-Shibibi says it is more related to the efficiency in implementing the budget by the Finance and Planning Ministries as well as the various concerned sectors. He explains that the Central Bank is against adopting strict policies, but is currently doing so until expenditures become more productive.
Asked whether the removal of three digits from the Iraqi currency is a step aimed at curbing inflation, Al-Shibibi says this issue has nothing to do with inflation, but the concerned parties are taking this issue into great consideration and giving it precedence over other issues, such as the implementation of certain monetary policies and reserve investments. He adds: "We monitor the value of the Iraqi dinar vis-A -vis the US dollar, which is relatively stronger than the dinar," noting that the digits issue is currently under serious review. Asked whether there is a timeframe for making a decision on this issue, he denies that there is, explaining that this depends on the circumstances and the exchange rate policies.
Rahim notes that the Central Bank has fixed the exchange rate for the US dollar and that it is the only party that controls any increase or decrease in this rate, and he asks Al-Shibibi to confirm this. Al-Shibibi confirms that this is true, "because managing the exchange rate mainly helps in curbing inflation. The system by which we determine the exchange rate is called 'managed float system,' which means that the price of the dinar is kept floating but is closely monitored so that it can be managed whenever a tangible change occurs." He adds that this floating system is linked to the supply and demand for the US dollar, explaining that the Central Bank is obliged to guarantee 100 per cent of the demands by Iraqi banks for the US dollar; otherwise, they might buy it from other local sources at a cheaper price, resulting in the presence of more than one price, which is against the bank's current policy. Asked whether the Central Bank has sufficient amounts of foreign currency to meet the market's demand, Al-Shibibi says that the bank is obliged to meet the demand in full, adding: "We believe that our reserves are sufficient to meet such demand." He explains that any request for foreign currencies that takes place in the currency auction is reviewed carefully before it is approved, requiring the Central Bank to always make foreign currencies available. He notes that the Central Bank receives requests for foreign currency in amounts ranging from 150 to 200 millions daily, [currency not specified], which means that it should be able to meet this demand. He explains that exchange rate fluctuation is more dangerous than any drop in the exchange rate.
Nice Job Rich C.
they r doing a shake,
6 month AND 3 month
looks like another uptick ready
I believe we will see past .002
spank that assk
IDCN - Reversal on 6, 3 months
ohhhhh YA!
We have reversed ...
and six month is looking good
lolo you just keep monkyen around ha ... lolo
The 24 Trillion removed is what has been bought back over the years at the auctions. they put it right back into circulation. They still have a M1 number of 40 Trillion and an M2 number of almost 50 Trillion now.
WayneC777 - and you STILL post info with NO BACKING!!!
No way it will RV.
WayneC777 - even when they say it will ... Captain Deceptain
It will lop just as they have been saying for years it will. Early 2011 probably... as long as the Gov is settled.
WayneC777 - and again you post no facts, just misleading holes that can not be backed
Wayne... lop if just a slang term. It called redenomination or rebase. Just because an article doesn't say lop means nothing.
Look at the UNC study that I have linked many times.
WayneC777 - You have Never provides links ... only hearsay
It is a study of all of the lops, redenominations in the last 30 or so years. Search for the word lop in it. It's not in it once. so by your reasoning that paper is not about lops.
WayneC777 - we all know what LOP means genius. But its obvius you have no understanding of its value
I hear you bud, but there are those that really that just do not know enough, and have the insite like we do.
SO! ...
1 - Core inflation is at 3%
2 - Radification has happoned
3 - 70% IQD liquids removed, 24 trillion out of 28 trillion Circulation
4 - 5 Trillion back into:
… now we are supporting Iraqi economy through supporting industry and services…
- construction loans for farmers
- especially housing projects giving real estate banks 300 billion ID for building housing units
- ministries of foreign affairs
- ministry of interior,
- ministry of trade
- loan to the ministry of electricity worth of 5 trillion ID and
- loan to the ministry of industry worth of 24 million us dollar to rehabilitate its companies.
... WHY WOULD THEY LOP ...
Oh! yes we are bud. And those that have sold because of fear mite want to rethink their decision. They have NOT RV'ed yet, but are ready to pull the trigger it appears!!!
And Now Radification on the Election recount has now also been PR'ed. Now the seating of parlament is next. I think they they already are ahead on this one.
Yes now let see what excuse Aero and his boys can say to this ... this is SO FUNNY!!!
70% IQD liquids removed, 24 trillion out of 28 trillion Circulation
Manager of Rafideen bank: Iraq is the only country in the world where Money is carried in bags which worth 24 trillion ID out of 28 trillion ID and he added saying now we are supporting Iraqi economy
===============================
Manager of biggest Iraqi bank Abdul Hussein Alyasiry said that Iraq is the only country in the world where financial liquids being exchanged by bags pointing that there is governmental will to eliminate zeros from the currency to overcome the huge liquids
WayneC777 – SO! … if they are talking about removing the Zero’s from the street in bags, this shows AGAIN their conversation is talking in general about removing the larger bills and not a LOP…
Translated by IRAQdirectory.com - [5/25/2010]
Alyasiry said that the Iraqi currency which is in use now (or what we call financial liquids is very huge and it worth more than 27 trillion ID but unfortunately it is being exchanged by bags and there is no country in the world use bags to exchange its currency and that is why there is governmental intention to eliminate some zeros from the currency.
WayneC777 – AGAIN they are talking about a choice of wording. When removing the zero’s means removing the Bills out of circulations, not LOP’ing.
Corruption Operations:
Alyasiry said that there was big embezzlement operation happened in the main branch of Alrafideen bank in Basrah and that the embezzlement was set by the manager of Basrah private bank and in coordination with the main branch of Alrafideen bank in Basrah but we could reveal the embezzlement operation and in cooperation with the inspector general department and coordination with the ministry of finance the authorities arrested the manager of the bank Hassan kuba who wanted to flee Iraq but we were faster than him and with the help of the military intelligence we found him and right now he is in prison in addition to some employees in order to investigate them on charges of embezzling big sums of money. Alyasiry added saying minister of finance gave us big support in order to put the defendant on trial and we froze all the assets of the defendant and I have doubts that this person used these big sums of money for other purposes and now the defendant has to explain to the investigative authorities where is the money.
Alyasiry added that there were big corruption operations got revealed recently and that the authorities found out about people who receive salaries from more than one department so the authorities decided to stop the fake salaries and put the involved persons on trial.
Alyasiry who became Iraqi parliament member representing holy Najaf said that he will be member of the economic committee in the parliament and the first decision he will work to take is relieving Iraq from the burdens of the Seventh Item which harmed the properties and funds of Iraq on large scale. And he pointed that big sums of money were stolen from Iraq on the grounds of compensations and that many scammers claimed that Iraq is in debt for them or it has to pay compensations for them and they take the money in agreement with legal companies and unfortunately this is what Jordan done some time ago when it confiscated Iraqi funds deposited in Jordan on the grounds that Iraq owemoney to Jordanian tradesmen and this is totally wrong because the information that we received indicate that legal companies started to talk to tradesmen and individuals there and convince them to start lawsuits against Iraq and after they win the lawsuit they share the money and they took enormous amounts of money which was frozen in Jordanian banks under law 30 in Jordan. And regarding the Kuwaiti debts on Iraq Alyasiry described these debts as not objective pointing that these debts raise the reservations of Iraqi people who revolted against the president of former regime Saddam because he invaded Kuwait on 1990 and unfortunately most of Kuwaitis now hold hard feelings against Iraq and its people despite that the person who harmed them (Saddam ) harmed us also.
WayneC777 – Nice
Alyasiry clarified that Alrafideen bank suffered a lot in the past starting with the economic sanctions on 1991 and then the lootings that happened on the year of 2003. And he adding saying Alrafideen bank suffered big losses but I stood there and worked on keeping this institution, and by working with the Iraqi government now the bank became stronger than it was in the past and we turned the losses into profits where our profits in the year of 2006 reached 321 billion ID and 727 billion on the year of 2007 and…
WayneC777 – Read Very Close …
We succeeded in withdrawing 70 percent of Iraqi liquids which worth 24 trillion ID out of 28 trillion ID … and he added saying
… now we are supporting Iraqi economy through supporting industry and services…
- construction loans for farmers
- especially housing projects giving real estate banks 300 billion ID for building housing units
- ministries of foreign affairs
- ministry of interior,
- ministry of trade
- loan to the ministry of electricity worth of 5 trillion ID and
- loan to the ministry of industry worth of 24 million us dollar to rehabilitate its companies.
Alyasiry added saying that the work is ongoing now to reopen all the branches of the bank outside Iraq and also opening new branches of the bank in the;
- Gulf States, Europe, The United States, Iran, China and France.
- We especially have membership in the French Banks Union. And also in Brussels and Germany.
- Right now we have working branches in Bahrain, Sanaa, Abu Dhabi, Cairo, Alexandria, Beirut and Jordan.
the now new 3% inflation rate has been updated to show in the iBox. Nice job bud.