DINARESGURUS.BLOGSPOT.COM_______________

Sunday, March 1, 2015

DINAR IRAQ & DONG VIETNAM UPDATE, 1 MARCH

DINAR IRAQ & DONG VIETNAM :LET US NOT FORGET, THIS QUOTE…
Shabibi: “We aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies and we are endeavoring and serious in this regard, but added that this process is not easy and simple and depends on the supply and demand of Iraqi dinars.”

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Chatroom Log Thursday
Posted on February 26, 2015 by TRC
[19:51:06] AMG: how was your day
[19:51:15] TRC: good
[19:51:36] TRC: whats new
[19:52:00] AMG: interesting post on the 50 dinar note
[19:54:43] AMG: the talk of the town
[19:59:27] AMG: what are your thoughts relating to the 50 IQD note??
[19:59:34] When is RV?
[19:59:34] Do we have date and rate
[20:00:15] TRC: they never announced before, about printing new 50 with new security features,
[20:00:53] TRC: so assuming, only the larger notes would get the new security features,
[20:01:46] TRC: the current 50’s will cease to be used after April 30th, and will no longer hold value
[20:02:21] AMG: saw some folks with 50’s starting to panic
[20:02:35] TRC: the 250,500 and 1000 and up are supposedly
[20:03:24] TRC: yes I thought at one time of getting some 50’s too, as to be safe if there was a lop
[20:03:31] AMG: the 50 is the only note i don’t have………………99% have 3 zeroes
[20:03:41] TRC: obviously there will be no lop
[20:04:04] AMG: yup
[20:05:41] TRC: I am sure the dinar dealers are getting swamped
[20:05:57] AMG: the 50 was useless anyway at this time and before
[20:06:20] TRC: I am waiting in quewe now , asked the obvious question, waiting for response
[20:06:43] AMG: ohh
[20:07:59] TRC: iraqi banks will accept them at current value
[20:09:27] TRC: now we must ask the obvious question, what is CBI up to
[20:09:34] TRC sent an audio message: Drumroll
[20:10:28] AMG: been thinking that all day……………………..several scenarios
[20:10:33] AMG sent an audio message: Drumroll
[20:13:29] TRC: can only assume, that rates may be different on current large IQD banknotes, than what is official value, after a revaluation
[20:13:49] TRC: when exchanging outside Iraq
[20:14:54] TRC: a new currency being released at latter date, with new 100,50,25 being released
[20:15:03] AMG: possibilities boggle the mind
[20:20:19] design: it really does AMG…..
[20:20:24] TRC: a new currency being released after April 30th
[20:21:27] AMG: I missed that one TRC
[20:22:13] TRC: I am making a scenario
[20:23:15] AMG: brb………keep that thought lol
[20:24:02] TRC: seems dinartrade/xchange of america is stumped too, still waiting for response
[20:24:12] TRC: Emoticono grin
[20:24:23] TRC: am in chat there
[20:31:52] design: lol
[20:35:47] AMG: please hold
[20:35:51] AMG sent an audio message: Laugh
[20:36:21] TRC: no official response on that yet
[20:36:53] TRC: the helper had to ask the boss, he had to ask his boss
[20:36:58] TRC sent an audio message: Drumroll
[20:37:16] AMG: maybe, they’re putting a statement together……………cuz of all the interest
[20:37:45] AMG: that’s funny
[20:37:54] AMG sent an audio message: Oh Boy!
[20:40:41] TRC: as far as I can tell, they don’t buy 50 dinar notes
[20:41:09] AMG sent an audio message: Oh ohh!
[20:41:18] TRC: looked on buying currency page, they only have 5k, 10k, and 25k notes listed
[20:44:10] TRC: Kirkuk police headquarters announced on Thursday the arrest of the driver’s personal vice president of the former regime required by the Iraqi judiciary Izzat al-Duri, indicating that the detainee is a senior leader in Naqshbandi that led the league army
[20:44:56] TRC: this dude is still on loose unbelievable, 25 million dollar awards on his capture
[20:45:15] TRC: 2003, USA put bounty on his capture
[20:45:38] TRC: al-duri’s driver was captured today
[20:45:47] TRC: :whistle:
[20:45:56] TRC: where is al duri
[20:47:30] TRC: “the driver of Tikrit province, and had been working in the private security apparatus during the rule of Saddam Hussein, then later joined a group allied with Akechbdah Daash in Sunni areas of Iraq.”
[20:48:08] AMG: whoa
[20:49:31] AMG: maybe al duri is still hanging out there
[20:50:15] TRC: hard to believe
[20:50:36] TRC: he must have a very loyal crew protecting him
[20:50:53] TRC: republican guard
[20:51:18] TRC: maybe he is giving support to al baghdadi
[20:52:50] TRC: al duri was next in power to saddam , if anything happened to saddam , he was supposed to take command
[20:53:08] TRC: he is still on loose?
[20:57:14] AMG: scary
[20:59:36] When is RV?
[20:59:36] Do we have date and rate
[21:00:22] AMG: soon, no and no Emoticono grin
[21:00:31] AMG sent an audio message: Laugh
[21:01:32] AMG: before summer would be nice!!
[21:03:25] TRC: must be close
[21:12:00] TRC: The Cabinet Minutes fifth held regular on 03/02/2015 approve the recommendation of the Committee on Economic Affairs on the inclusion of goods and materials imported all Product those of the Iraqi public companies, and mixed, and private all customs tariff No. 22 for the year 2010 law, that this decision is implemented, starting from Date of 03/01/2015.
[21:12:04] TRC sent an audio message: Drumroll
[21:13:45] AMG: oh
[21:14:55] AMG: taxes will be high on tobacco, booze imported cars and so on
[21:15:24] design sent an audio message: Drumroll
[21:18:50] TRC: March 1st
[21:20:06] design sent an audio message: Oh Boy!
[21:22:37] TRC: lots of weird and interesting news
[21:22:42] TRC sent an audio message: Clear Throat
[21:33:48] TRC: so custom tariffs go into effect , same day the start of withdrawal of the 50 IQD banknote
[21:33:58] TRC sent an audio message: Drumroll
[21:34:11] TRC: makes you go hmm
[21:34:27] AMG: i like that ^.^
[21:34:54] TRC: things are happening, but we don’t know where we stand
[21:34:59] TRC sent an audio message: Laugh
[21:35:19] AMG: Looking forward to Sunday/Monday
[21:35:49] AMG: keep us confused is their goal
[21:36:47] TRC: Emoticono grin
[21:38:20] TRC: on another view of the scenario , the 50 IQD banknote is much too small , compared to say the size of a USD banknote
[21:38:48] TRC: now global ATM’s use standard size banknotes
[21:39:11] TRC: the Euro and the USD are basically same size
[21:39:15] AMG: yes, can we assume the new denoms will b of 1 size
[21:39:59] TRC: now lets just say the CBI is getting rid of the 50 banknote, just because it cannot be used in a global ATM machine
[21:40:16] AMG: my VND are same size I belive
[21:40:17] TRC: will issue another 50
[21:40:27] AMG: hmm
[21:40:39] TRC: maybe not right away
[21:40:51] TRC: but we have to wait and see
[21:41:40] TRC: the VND are small,
[21:41:40] AMG: :whistle:
[21:42:01] AMG: yes and they feel funny
[21:42:02] TRC: not sure if they are all same size
[21:42:07] AMG sent an audio message: Laugh
[21:42:15] TRC: only have one denom
[21:42:39] TRC: 100,000
[21:42:53] AMG: has 2 denoms
[21:43:47] AMG: 250,000 and 500,000
[21:44:04] TRC: but in the bigger picture, thats what CBI is doing, getting rid of the much too small 50, because of sizes of banknotes used in ATM
[21:44:21] AMG: is gonna visit them on Sat
[21:44:54] AMG: makes sense
[21:45:11] TRC: Rafidain bank manager said earlier this year, the deletion of the zeros need to be done to use the global ATM
[21:45:51] TRC: not sure what kind of set up they have now, with the ATM’s used now
[21:46:16] TRC: must only distribute one or two denominations
[21:46:34] TRC: 25000 and 10000
[21:47:55] TRC: the people who hold 50 IQD banknotes should call local bank or IQD dealer closest to where they are , if they have a large amount
[21:49:38] AMG: yup
[21:49:57] TRC: usually at any ATM’s I have used they release 20’s,
[21:50:14] AMG: same here
[21:50:48] TRC: but Iraq does not have a 25 dinar banknote, yet
[21:52:28] TRC: in a gradual redenomination/change over of currency from large denominations to smaller denominations it would be much smoother if all banknotes were same size
[21:52:50] TRC: to be used at ATM’s
[21:53:39] TRC: they have stated that the plan was to use global ATM
[21:54:02] TRC: international standards
[21:54:11] AMG sent an audio message: Yahoo!
[21:54:25] TRC: will throw out USD as easily as IQD
[21:54:53] TRC: so banknotes would need to be a standard size
[21:59:37] When is RV?
[21:59:37] Do we have date and rate
[22:09:59] TRC: thats all I got
[22:10:04] TRC: Emoticono gasp
[22:10:09] TRC: Emoticono grin
[22:10:22] AMG: :whistle:
[22:10:26] TRC: brain is empty
[22:11:22] TRC: now we know custom tariffs and rv was talked about, in connecting manner we will see if it comes to fruition
[22:11:45] AMG: :bow: yup
[22:20:25] TRC: quite a coincidence, custom tariffs begins same day the 50 IQD banknote starts being pulled
[22:20:34] TRC sent an audio message: Yell!
[22:20:44] Tf sent an audio message: Oh Boy!
[22:21:02] Tf: coincidence???
[22:21:13] Tf sent an audio message: Oh ohh!
[22:21:42] TRC: is it?
[22:21:57] Tf: no coincidence….IMO
[22:22:07] Tf: part of the plan
[22:22:38] Tf: the pieces keep falling in place….

BLC DISCUSSION CHAT, 1 MARCH

BondLady and Admins Chat 02/17/2015 Gold !  (Reposted today in light of new article}


Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

02/17/2015      BAGHDAD / JD / .. is heading the Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves,

the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014.

A number of experts and specialists in the financial and economic affairs central bank's move to buy gold as positive the fact that gold is a safe cover for the local currency and maintains its value against foreign currencies especially at a time when the global economy is witnessing a decline in the growth of global markets, gold prices declined.

He says the parliamentary finance committee member Tariq Rashid, that the use of the Iraqi Central Bank to buy large quantities of gold probably will be used as a cover for the new currency, which purports Bank issued and is also used as a cover for the process of deletion of zeros from the Iraqi currency.
~~~
He Rashid told / BD /: that the process of buying these large quantities of gold is "a good gesture to the diversification of currencies and not limited balances at the central bank on the dollar only",

pointing out that gold is one of the balances guarantor of the Iraqi economy, which contribute to maintaining the value of the dinar Iraqi.

The President of the Economic Information Center Dergham Mohammed Ali said, that buying and selling gold operations by the Central Bank of Iraq is a cyclical process designed to optimize the investment of its reserves and diversify the assets of the guaranteed value.

He said Mohammed Ali told / BD /: that gold is a safe cover of the national currency and acquisitions during the low gold prices in world markets, as well as in the event of instability baskets currency values ​​and the decline in global economies, is a positive step because gold is a store a relatively safe value.

The World Gold Council announced (WGC), said that "the Iraqi Central Bank had bought 48 tons of gold during 2014, bringing the country's reserves of gold material by three times what it was during the year,"

adding that "enrich and diversify their reserves away from the dollar The US continues to be the driving force behind this activity. "

The Iraqi Central Bank announced, in 2013, on his quest to find a balanced ratio of gold with hard currency reserves, saying that whenever increases the size of the reserve ratio less than the contribution of the other ingredients.

It is noteworthy that the International Monetary Fund confirmed, in 2012, that Iraq had boosted its gold reserves to reach more than 31 tons, noting that Iraq bought 23.9 tons of gold in the month of August of the same year. / End / 8 /

http://www.dananernews.com/News_Details.php?ID=5549

[tlm724] Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

[tlm724] is heading the Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold,

[tlm724] kinda looks like the CBI is heading (maybe considering ) buying even more gold

[tlm724] especially after the decline in gold prices in world markets over the past months

[tlm724] true it's a great time to buy

[tlm724] in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency

[tlm724] I like this part safe value for the local currency, great back up to the dinar for sure and the more gold they have to support it the better for us

[tlm724] which purports Bank issued and is also used as a cover for the process of deletion of zeros from the Iraqi currency

[tlm724] purports means to have or present  

[tlm724] gold is gonna cover everything the CBI wants to accomplish with currency reform including the deletion of the zeros

[tlm724] that the process of buying these large quantities of gold is "a good gesture to the diversification of currencies and not limited balances at the central bank on the dollar only"

[rsp1] Diversify

[tlm724] not limited balances at the central bank on the dollar only"

[tlm724] brings the dinar up front with dollar allowing them remove the dollar imo

[tlm724] gold is one of the balances guarantor of the Iraqi economy

[tlm724] gold has the value needed to protect and guarantee the economy   Wink  its a safe haven for Iraq

[tlm724] which contribute to maintaining the value of the dinar Iraqi

[tlm724] The President of the Economic Information Center Dergham Mohammed Ali said, that buying and selling gold operations by the Central Bank of Iraq is a cyclical process designed to optimize the investment of its reserves and diversify the assets of the guaranteed value.

[tlm724] cyclical process that is basically making decisions as you go, as the circumstances change or your thought process changes or the surrounding circumstances change

[tlm724] the decision to buy gold is to protect the dinar not the dollar !

[tlm724] remember me saying that each action has a reaction ?

[tlm724] the action is buying more gold the reaction is protection of the national currency ! This is turn allows the CBI to continue with the currency reform

[tlm724] that gold is a safe cover of the national currency and acquisitions during the low gold prices in world markets, as well as in the event of instability baskets currency values ​​and the decline in global economies, is a positive step because gold is a store a relatively safe value

[tlm724] the dinar is safe no matter what the currency baskets does because it is protected !

[tlm724] The World Gold Council announced (WGC), said that "the Iraqi Central Bank had bought 48 tons of gold during 2014, bringing the country's reserves of gold material by three times what it was during the year,

[tlm724] they have a boat load for sure, wasn't it like 90 tons total ?
 
[RCS1947] yes 90

[tlm724] adding that "enrich and diversify their reserves away from the dollar The US continues to be the driving force behind this activity

[tlm724] away from the dollar

[tlm724] away from the dollar

[tlm724] away from the dollar

[tlm724] what do you all think of that article ?

[rsp1] RV !
 
[rsp1] They're really making big moves now to see this to fruition. I love it!

[tlm724] *hallelujah*

[rsp1] I really love the part, "AWAY FROM THE DOLLAR"

[tlm724] yes thats great rsp1 !

[BondLady] remember they already said they had enough reserves to cover one and a half right?

[tlm724] yes ma'am forgot that part ty !

[BondLady] so now they have more  

[BondLady]despite giving the gov I think 6 billon to help with the budget

[BondLady] and I also might add this..its very rare in the past to see the CBI help the GOI in any way, shape or form.
 
[BondLady] the CBI got discouraged with the GOI because the GOI never did anything the CBI ever advised them to do per diversifying the economy ie: build up the private sector, do tariff taxes etc ..

[tlm724] tariffs start March 1st

[rsp1] which is all happening now.

[BondLady] grow and produce their own food, support the industries, remember all that and more ? See Abadis gov is doing all that or at least trying to

[BondLady] yes timmy its all happening now

[tlm724] yes ma'am it is !

[BondLady] so much so the CBI is looking at the GOI with different eyes now as far as a partnership to move Iraq forward onto bigger and better things !

More Added 2-28-15:

 Re: BondLady and Admins Chat 02/17/2015 Gold ! Today  2-28-15  at 2:19 pm

tlm724

28 2015 | 03:18 (translation = Saturday, February)

Iraq buys 36 tonnes of gold to the strengthening of the currency

BAGHDAD / .. of the Finance Committee in the House of Representatives on Saturday revealed, for the purchase of Iraq's 36 tons of gold bullion to strengthen the Iraqi currency.

Said committee member Ahmed Hama, told the "eye Iraq News," The Iraqi government has bought 36 tons of gold bullion to raise the value of the Iraqi currency in the global markets and thereby became Iraq is ranked 37 among the nations of the world. "

Hama added that the move to buy gold will lead to raising the efficiency of the Iraqi economy in the near future, a task and an initiative approved in some countries, economic, indicating that Iraq is ranked fifth among Arab countries. Finished / 5

http://aynaliraqnews.com/index.php?aa=news&id22=32801

Saturday, February 28, 2015

OILRAT, R.V / GCR & TNT CHAT UPDATE, 1 MARCH

Just spoke to one of my sources and he says a "Rider" to the budget (amendment to the original rate of the budget) should come out tonight, tomorrow or at the latest Monday......everything else is done (laws, HCL, etc.) and will be announced right after the RI/RV.....everything looks great folks.....stay positive folks, we are at the finish line.....JMO

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From TNT:
Robert001 : Big dinar holder banker and lawyer here in Central Texas were called by their banker in Houston and told to be at the bank in the morning to exchange

Desmo: Robert... Friend of yours?

Robert01: Yes...very notable people around here

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R.V./GCR:   February 28, 2015 at 7:39pm

Basil 3 on March 1

The Feds will turn over the Basil 3 contract to Congress on March 2

Congress convenes on Tuesday, March 3

This should be the trigger mechanism that witnesses the release of funds so the New Republic can stand up and operate

The TONA will then be in effect – no lawyers in Congress unless they surrender the BAR license

When ADM signs, the groups start

ALREADY BLESSED, BEN W. & MILLIONDAY UPDATES, 28 FEB

Already Blessed:  TONY AND DC ALREADY TOLD YOU THAT IRAQ SPENT EXTRA TIME AND EFFORT TO MAKE SURE THAT THEY COULD CONTROL WHICH AREAS AND BANKS WOULD GET THE $$$$ ....

MOSUL IS A TERRIBLE SITUATION BUT IT IS NOT A DELAY!

TONY SAID - 5PM EST SAT - EVERYTHING IS STILL GREAT - NO PROBLEMS - JUST WAITING! AS USUAL, IF THERE ARE ANY SIGNIFICANT CHANGES....HE WILL SEND OUT A TWEET!!!

BY THE WAY....TONY JUST RECEIVED CONFIRMATION THAT BANKS WILL BE ACCEPTING THE 5O IQD NOTE AT FULL VALUE!!! TNT


2-28-15 Ben W.
: My private Contacts from Iraq. THERE ARE NO MORE DELAYS. EVERYTHING IS STILL UP AND STANDING. IRAQ CANNOT DELAY ANY MORE. DON'T BELIEVE IDIOTS. WE STILL GOOD. 


2-28-15 Millionday: [Do you think our back wall is now pushed back 60 days to get the 50's in?] NO I JUST THINK THAT THEY ARE BEGINNING TO REDENOMINATE PER THE REPORT WE HAD TODAY ... TO REMOVE THE THREE ZEROS IS WHAT WAS SAID AND THE LACK OF USE OF THESE THAT WERE FROM THE 2003 SERIES ... JUST A FIRST STEP.