[20:47:01] Tf: we are waiting here still…
[20:47:12] Tf: this year is winding down…
[20:50:35] TRC: Kurdistan going to sell gas to Europe
[20:50:44] Tf: yes, I saw that
[20:50:52] TRC: huge revenue maker
[20:51:14] Tf sent an audio message: Drumroll
[21:01:16] TRC: never imagined Kurdistan would be on verge of signing a gas deal with Europe so soon
[21:01:41] AMG: well my December rv potential thoughts are vanishing by the day lol
[21:02:05] AMG: yes, that surprised me too……….
[21:02:57] TRC: said.. pipeline was almost completed thru Turkey..
[21:04:21] TRC: they must have been working under cover
[21:04:29] TRC sent an audio message: Laugh
[21:06:25] TRC: rv can happen anytime. we don’t know, and there wont be any hints at or before that moment
[21:06:58] AMG: very true….no clues
[21:07:39] TRC: especially the further along this goes
[21:09:49] TRC: putting more things into place all the time
[21:12:18] AMG: the super-sized jigsaw puzzle is almost complete
[21:14:42] Suharto: December 15th will come, nothing happen yet?
[21:15:41] TRC: some are talking about custom tariffs, but nothing official yet on date
[21:16:15] Suharto: still just talking trc? hmm they like talking without action
[21:16:49] TRC: one guy was complaining.. saying it will cost too much to implement
[21:16:55] TRC: lol
[21:17:08] TRC: saying it will cost 1 billion dollars
[21:17:21] Suharto: whom who the guy complining?
[21:17:39] TRC: but another said it will cost Iraq billions if they don’t activate tariffs
[21:17:50] Suharto: 1 billon dollars is too small for Iraq
[21:17:54] TRC: :whistle:
[21:18:05] Tf: that’s it, TRC
[21:18:31] TRC: they are discussing things to media , as unnamed sources
[21:19:01] TRC: they stirring the pot to the media
[21:19:03] Tf: it is costing Iraq more to delay the rv, Suharto
[21:19:27] Suharto: agreed Tf
[21:19:36] TRC: many do not want to change
[21:19:49] Suharto: IMO they must sooner to rv
[21:19:54] Tf: yes
[21:20:11] Tf: IMO, Iraq wants this more than we do..
[21:21:09] Tf: TRC, I was thinking….it seems some of the politicians in Iraq don’t see the big picture…
[21:21:17] Suharto: I think who don’t want change who has gain in this status quo
[21:21:34] AMG: IMO those who do not want change are either scared of the change or clueless
[21:21:41] TRC: they have deals on importing junk from outside Iraq
[21:21:43] Tf: the new GOI is shaking things up….
[21:21:47] Suharto: Politician like to like not thinking
[21:22:12] TRC: new tariffs and WTO rules will ruin their businesses
[21:22:45] Tf: yes….progress
[21:23:16] Tf: I don’t believe those who don’t want this will be able to stop it….
[21:23:31] Suharto: TRC, trader doesn’t like tax or tariff or who making decrease their profit
[21:23:46] TRC: especially during Maliki’s term , lots of shady deals with iranian companies
[21:24:23] Suharto: but we must believe Abadi, he don’t want Iraq get deeper in economy crises
[21:24:36] TRC: new tariffs and WTO rules will pretty much shut down 50% of iranian imports
[21:25:05] AMG: Abadi appears to be a good man ………. for Iraq and it’s people
[21:25:12] Tf sent an audio message: Drumroll
[21:25:17] Suharto: TRC, about tariff law being to implement, has it effect for Iran?
[21:25:39] TRC: yes
[21:25:45] Suharto: As far I Know Iraq bought goods from Iran
[21:25:51] TRC: iranian goods are cheap
[21:26:08] TRC: Iraq is flooded with them
[21:26:23] Suharto: I think Iran don’t like tariff law because their goods will be expensive
[21:27:04] TRC: yes
[21:27:18] TRC: they cant sell them to GCC
[21:27:27] TRC: turks dont want them
[21:27:40] TRC: they are member of NATO and EU
[21:28:02] TRC: Pakistan is most likely biggest trader
[21:28:15] Suharto: I seen arab don’t like Iran
[21:28:22] Suharto: except Syria
[21:28:24] Tf: like we said before…..it’s complicated….
[21:28:54] Suharto: so if complicated our rv still holding up
[21:29:12] Tf: If we only knew everything that has been involved with this dinar revalue process….
[21:29:31] TRC: Pakistan is sunni , Iran is shiite.. so might be difficult trade
[21:29:57] Tf: yes, Suharto…..Iraq must move forward….they can’t stay where they are now….
[21:29:59] TRC: Iran exports lots to Russia most likely
[21:30:34] Tf: the dinar must be given a rate….
[21:30:41] Suharto: I hope more simplest for us
[21:31:52] Tf: a viable, tradeable rate…..a rate to hold its own on the international currency exchange…
[21:31:55] Suharto: btw, how is budget news now?
[21:32:16] TRC: Iraq wants to do more business with Jordan and GCC..
[21:32:28] Suharto: Abadi want the new budget must be done before new year?
[21:32:50] TRC: so increasing their exchange rate and activating tariffs will increase trade with gulf
[21:33:17] TRC: still working on budget
[21:33:28] Tf sent an audio message: Drumroll
[21:33:35] TRC: oil was down again today to 61 dollars
[21:33:58] Tf: yes
[21:34:12] TRC: cabinet still not sure at what price to set oil at in budget
[21:34:21] Suharto: trc, if Iraq have more than 33 trilion dinars in circulation, do you thin we can get high rate if dinar being rv?
[21:34:34] Suharto: *think
[21:35:55] TRC: we don’t know actual size in circulation
[21:36:10] TRC: those numbers could be flawed
[21:36:53] TRC: see there may be many damaged banknotes in bank’s basements across Iraq
[21:37:27] TRC: in Kirkuk alone was stated there is IQD15 billion in basements of banks
[21:37:38] TRC: worn out
[21:37:38] Tf sent an audio message: Drumroll
[21:37:50] Suharto: I seen the damaged only small denoms only
[21:38:21] TRC: for some reason, CBI never had these damaged banknotes destroyed over the years since 2004
[21:40:07] Suharto: news being quiet now
[21:40:17] TRC: so cash in circulation may be much less after damaged currency is destroyed
[21:40:35] Tf: Suharto, don’t you think that the Iraqi people have worn out the higher denoms?
[21:40:53] Suharto: TRC, do they use dual currency in their market place?
[21:41:27] Suharto: I seen in tv, they use dollar for daily transaction
[21:41:40] Tf: at the dinar’s present rate….they have to have a truckload of small denoms to purchase….
[21:42:16] TRC: in Kurdistan they used the dollar because of the conflict with Baghdad previously
[21:42:35] Tf: so…I can see that Iraq has many worn out higher denoms….
[21:42:36] TRC: Baghdad would not give them any money
[21:43:13] Tf: the deal between Erbil and Baghdad speaks volumes….
[21:43:57] Tf: both are winners….IMO
[21:44:41] Suharto: loved read that tF
[21:44:49] Tf sent an audio message: Drumroll
[21:45:04] TRC: yes Barzani loves new government under Abadi
[21:48:15] Tf: everything TRC taught us to look for in this dinar revalue process is unfolding before our eyes…..day by day….
[21:49:47] Tf: How he knew it…..is beyond me…but, he told us…..and it is happening just like he said it would….
[21:50:40] Tf: Thank you, TRC
[21:50:54] Tf: :bow:
[21:52:26] TRC sent an audio message: Are you sure?
[21:54:07] Suharto: how long do we wait now?
[21:54:34] Tf sent an audio message: Oh ohh!
[21:55:12] TRC: as long as it takes
[21:56:00] TRC: we have no choice
[21:56:03] TRC: do we
[22:01:27] Suharto: I seen Kurdistan will cover Europe needs for gas
[22:02:56] AMG: Yes, Kurdistan has gas (lol) and Europe needs it
[22:02:59] AMG sent an audio message: Laugh
[22:03:25] TRC: southern Iraq has more gas.. but pipeline has not been built yet to Kurdistan.. to be able to export
[22:03:51] TRC: to Europe..
[22:05:30] TRC: construction it seems goes faster in Turkey than Iraq
[22:06:26] AMG: that should improve for Iraq – with a budget and real rate
[22:06:58] TRC: the big plan is to export gas from Basra region
[22:07:56] TRC: for years just getting gas from oil field to power plant in Iraq was alot of work.. getting it to Europe even larger challange
[22:08:34] TRC: Iraq is importing gas from Iran, because Iraq’s infrastructure to move gas etc. is not up to par
[22:09:45] TRC: but Kurdistan is a notch above it seems
[22:11:26] AMG: yes, probably because Kurdistan was protected during the Gulf War
[22:12:48] TRC: there is still sunken ships in waterway on iranian border
[22:13:07] TRC: working on removing them
[22:13:48] TRC: most iraqi waterways are now clear of marine junk
[22:14:31] TRC: but the area on iranian border, has not had made anY deals to remove it, til now
[22:21:48] TRC: talk of building a bridge, and railway line across that waterway
[22:24:03] TRC: the bridge planned is a suspension bridge, but they got to clear the sunken vessels away
[22:24:29] teledive: wow that is a large undertaking…
[22:24:41] TRC: wanting to have direct connection from Iran right around gulf to Dubai
[22:24:57] TRC: by high speed rail
[22:26:05] TRC: but there are some political issues as well
[22:26:09] TRC: :*-/
[22:26:10] teledive: that is a large dream
[22:27:10] TRC: lots of plans
[22:27:12] teledive: but do-able
[22:27:13] TRC sent an audio message: Laugh
[22:27:46] TRC: Basra has plans to build building to compete with Dubai’s skyline
[22:28:14] TRC: there is picture, on the website here
[22:28:30] TRC: shaped like a guitar
[22:28:42] teledive: Dubai built that which is admired by all…
[22:29:38] Tf: “where there is no vision, the people perish”….
[22:30:10] TRC: the Basra building will be 100+ floors, but dont know how many years that will be
[22:31:24] teledive: vision is one thing they are envisioning the impossible dream!…just kidding tf that would be a true statement
[22:31:40] TRC: Basra stock market, and the times square is almost completed in central area
[22:31:52] teledive: yahoo
[22:32:19] TRC: Basra supposed to be economic center of Iraq eventually
[22:33:55] TRC: outside Basra the largest stadium in Iraq is located
[22:34:09] TRC: was finished last year
[22:34:24] TRC: holds 65,000
[22:34:35] Suharto: so Basra will become economic growth zone for Iraq
[22:34:43] TRC: as well as many new hotels
[22:34:57] TRC: and a smaller stadium
[22:35:29] TRC: the main stadium is surrounded by water
[22:35:54] TRC: got to walk on specified walkways
[22:36:22] TRC: there is many pictures and a video on here, website
[22:36:34] TRC: if you search for it
[22:37:18] Suharto: it means Iraq ready for rv
[22:38:38] TRC: when they do build something in Iraq it is top notch
[22:38:59] TRC: beautiful stadium
[22:40:56] TRC: Basra is relatively far from where the terrorists are causing issues
[22:41:21] teledive: they fight with the best of them but they play hard to!
[22:41:22] TRC: so they should be able to follow thru as long as they get the funding
[22:42:22] TRC: they are also building the largest sea port in western asia
[22:46:29] TRC: but for now Kurdistan is leading in infrastructure development
[22:46:53] teledive: same here…lol
[22:47:25] TRC: Basra took alot a damage during the previous three wars, it epicentre of all three
[22:47:44] TRC: not so much terrorism
[20:47:01] Tf: we are waiting here still…