“Swing and Miss” – Fri. AM TNT Thoughts/News 10-1-21



Well folks – do we have yet another “Iraqi swing and a miss” or did “we” stop it again? If we did, when or why would we ever allow it? If I were the President, I’d push the button and light up the economy in a big way. He sure needs some good news at this time….

DO NOT give up folks,,being the fiscal year ended today for Iraq, their new year starts 10-1-21 and will be with a new rate.  The number of things they achieved that positioned them to RI their currency is so great, that even a caveman can see it.

Hello yada, do you have any idea what this means, if it is at all significant? From https://cbi.iq/currency_auction -The results of the foreign currency sale window, Sunday 10/03/2021, and executed today -The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

Nothing of significance for our outcome. This is a list of what was transacted and at what rate. When they RI the rate, and that is all we need for them to do, it will be reflected in this report after the fact.

Supposedly the last hurdle was passed yesterday but here we sit with no news!

I feel like we are past the last 10 day window, looking back at the finish line. I think not delivering anything on time is endemic to Iraq. The button pushers just need to get up and push the button.

Food for thought……People Don’t Have A Strong Intuitive Sense Of How Much Bigger 1 Billion Is Than 1 Million…….1 Million Seconds Is 11 Days……1 Billion Seconds is 31.5 years

How many seconds is a trillion … It would take almost 12 days for a million seconds to elapse and 31.7 years for a billion seconds. Therefore, a trillion seconds would amount to no less than 31,709.8 years. A trillion seconds ago, there was no written history. The pyramids had not yet been built.

Iranian Toman falls to its lowest price in nearly a year

The US dollar continued to rise in the foreign exchange market in Iran, as the price of the US dollar in the Iranian open market reached more than 28,400 tomans.  (think 284,000 Rials)

This is the highest price of the dollar in Iran in the past 11 months.

Foreign exchange rates have risen in the past two months, since the government of Ibrahim Raisi took office, and the process of negotiations to revive the nuclear agreement has increased.

The rise in foreign exchange prices coincides with the publication of reports on the rise in the prices of various commodities.  link

Al-Rafidain clarifies about savings and current accounts

Al-Rafidain Bank explained, regarding savings and current accounts.

A source in the bank told {Euphrates News} that “the savings and current accounts are granted to citizens through the bank’s branches located in Baghdad and the provinces to deposit their money in exchange for interest  link

Source: Dinar Recaps


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