August 5th 11am
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Federal Reserve Bank Of New York
​
*There is about $1.2 trillion dollars of U.S. currency in circulation.
 
*The Federal Reserve Banks distribute new currency for the U.S. Treasury Department, which prints it.
 
*Depository institutions buy currency from Federal Reserve Banks when they need it to meet customer demand, and they deposit cash at the Fed when they have more than they need to meet customer demand.
 
As of July 2013, currency in circulation—that is, U.S. coins and paper currency in the hands of the public—totaled about $1.2 trillion dollars. The amount of cash in circulation has risen rapidly in recent decades and much of the increase has been caused by demand from abroad. The Federal Reserve estimates that the majority of the cash in circulation today is outside the United States.
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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Late Fri PM 8-04-17  
 
BobS: 08/05/2017 0:00 Sadr looms the intervention of UN in the elections .. and calls to confine arms to the state of Baghdad / morning matched the political and popular, agreed on the need to choose a new Council of Independent High Electoral Commission of views, and to reconsider the election law , which parliament voted on the part of its paragraphs.
 
 While confirmed the three presidencies, the importance of choosing a new board of the Electoral Commission, the Presidency of the Parliament held today, a meeting to consider the law of provincial councils elections.
 
This comes at a time, which described the leader of the Sadrist movement, Muqtada al - Sadr, the adoption of the provincial council elections , as the current law as " the death of the aspirations of the people and their aspirations for reform."
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KTFA:

ZsaZsa10:  Following is a story from a very good friend of mine that I received on July 11.  Enjoy!

Just wanted to share a little story with you guys, Xxxxxxx is out of town working and while checking into a hotel, a Sargent from the US army was behind him waiting to check in.

He had just come back from leading his troops into battle against Isis in Mosul.

Xxxxxxx only asked him if he thought Mosul had been taken back and did he think Iraq would become international.

He relied, Ooooohhh Yessss, if you have some of that dinar money your gonna be just fine, in about 3-4 months.

Whats funny is Xxxxxxx never mentioned the dinar to him at all.
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What Determines the Value of Currency?


By Naima Manal
 
The value of currency is determined by its selling and purchase price as a commodity. This is affected by the amount of currency that is bought. When a currency is very popular and many people buy it, then its value increases. 

However, when a currency is not purchased often, then its value decreases.
 
Considerations
 
Currencies were once assessed by the gold standard, which compared currencies to the U.S. dollar and then to the value of gold. 
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KTFA:

Doc.K:  President Trump is on vacation until August 21st.

Iraq is supposed to have their budget revision done by August 21st

August 21st HEBREW CALENDAR  Rosh Chodesh Elul begins at sundown on Mon, 21 August 2017starts the month of elul.

Aug 23 Iraq starts pilgrimage to MECCA .  MAYBE THEY WILL NEED EXTRA  $PENDING MONEY $

Dhu'l-Hijjah or alternatively Zulhijja(Arabic: ذو الحجة‎‎; properlytransliterated, also called Zil-Hajj) is the twelfth and final month in the Islamic calendar. It is a very sacred month in the Islamic calendar, one in which theHajj (pilgrimage) takes place as well as the Festival of the Sacrifice
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