“Deleting Zeros” – Wed. PM KTFA Thoughts/News 7-14-21

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KTFA

FromBelgium » July 14th, 2021

Hi. Can someone please explain why articles about “deleting zeros from the currency” should make us feel excited?

Seriously, they are not saying “delete zeros from the exchange rate”, are they? I read the articles, but can’t find anything that points in that direction. IMO

I want to be excited too, like many here seemingly. And I do see that there is more and more chatter about the currency. But the one thing we all want to read – we want to delete zeros from the EXCHANGE RATE – we never see… IMO

Waiting for the next articles about the nscn’s now. If they come out, we will know exactly what will happen! IMO      Keeping faith

McDan » July 14th, 2021

What You do not see the Program rate that was set in October the first 2003  was .00047 etc.  now they want to delete the 3 zero and set the rate at .47 which is the SDR rate of Iraq .  

To find the exchange rate the IMF has a value of today of 1.4247 round up to 1.43 .  This rate can change 5 days of the week , because it is a weight weight to 5 country’s in a IMF basket.  The exchange rate comes from this SDR rate which give a close 1/1 rate to the USD and the New Iraq Dinar.  (In Country).

Outside of Iraq we are hoping to see the REER rate ( real effective exchange rate). The AMF will show a rate of 3 X The SDR of the IMF ( which will be the exchange rate for the Iraq Dinar outside of Iraq ) when the dinar is peg to different basket . IMO

Samson » July 14th, 2021

Iraq is fifth among the countries of the Middle East by the value of contracts awarded

14th July, 2021

“Med” magazine, concerned with economic affairs, revealed on Wednesday that Iraq came fifth in the value of contracts awarded in the Middle East in June 2021.

The magazine said in a report, that “Iraq ranked fifth in the value of contracts awarded last June,” noting that “it was awarded contracts worth $367 million, most of which were in the energy sector.”

Mead added, “Iran came first with a value of contracts awarded at $1.190 billion, followed by Saudi Arabia second with $1.170 billion, and Egypt came third with contracts worth 722 million, followed by Qatar fourth with contracts amounting to $560 million.”

In its report, MEED indicated that “Amman awarded contracts worth 350 million dollars in June, Kuwait awarded contracts worth 327 million dollars, while Bahrain awarded contracts worth 34 million dollars.”

Med Projects is a premier database for tracking projects in the Middle East and provides in-depth analysis in the form of excellent informational reports on the high-value markets and sectors in the Middle East and North Africa.  LINK

News of an Iraqi ship burning in the Gulf, killing its crew

14th July, 2021

On Wednesday, various media reported the burning of an Iraqi ship in the Gulf waters.

The media indicated that the ship was loaded with black oil, adding that the accident resulted in the death of the ship’s 9 crew members.

The causes of the fire were not mentioned, or the Iraqi government issued an official statement regarding the incident. LINK

Major fire breaks out at Interpol headquarters in Muthanna

14th July, 2021

The Directorate of Civil Defense in Muthanna announced, on Wednesday, that a large fire broke out at the headquarters of the International Police “Interpol” in the center of the province.

The Director of Civil Defense, Brigadier General Muhammad Jassim, said in a statement, “Two civil defense teams managed this afternoon to put out a fire that occurred inside the headquarters of the International Police (Interpol) in Al-Muthanna Governorate.”

He added that “the causes of the fire have not yet been known,” noting that “it caused great material damage inside the headquarters.”   LINK

Source: Dinar Recaps

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