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DINARESGURUS.BLOGSPOT.COM_________________ _______

Friday, November 30, 2012

BACK WALL IS NO LATER THAN JANUARY 2013, 30 NOV


5:46 PM [Dee1031] Hey everyone

5:46 PM [Bear5642] Greetings everyone   Yes is me the one that got banned from OOM
Well I can tell you are extremely close for the RV

5:48 PM [Dee1031] Bear5642 a huh
5:48 PM [cigarman] whats happening Bear 5642

5:49 PM [goodgrins] bear how close we been hearing that for years

5:49 PM [Dee1031] goodgrins amen

5:49 PM [Bear5642] I was banned from OOM because I challenged the bank codes

5:49 PM [Jamaica30] What's up Bear 5642

5:50 PM [Dee1031] Bear5642 that is a stupid reason

5:50 PM [Bear5642] I really can't share some of the info I have because some people would get in trouble especially me

5:51 PM [Dee1031] everyone has their own opinions on the bank codes

5:51 PM [Bear5642] It doesn't matter no love lost

5:51 PM [Jamaica30] Just give us a little tiny bit

5:51 PM [zoomzoom] Bear5642 I thoghy they were all for brotherly love

:51 PM [Bear5642] I have spoken to people way up and found that only one can be trusted

5:52 PM [Bear5642] That's with WFB

5:52 PM [jasme56] bear don't feel bad we will add you to the list of people that have been banned. OOM

5:52 PM [goodgrins] please tell me beforte xmas bear

5:52 PM [Bear5642] Oh wow thanks

5:52 PM [jasme56] it my way or the highway!

5:53 PM [Bear5642] i can tell you this it is not in Iraq's hands any longer

5:53 PM [goodgrins] so we are waiting for o to taxes us

5:53 PM [Dee1031] What screen is the dong showing a rate? Not bank screen?

5:54 PM [Bear5642] Both have been showing activity with test rates

5:54 PM [Dee1031] that has happened before tho

5:54 PM [goodgrins] how long has it been out of there hands bear

5:55 PM [jasme56] bear do you expect anything to happen this week end?

5:55 PM [Dee1031] it will happen when we least expect it

5:55 PM [goodgrins] well then it will never happen cause we expect it everyday

5:56 PM [Dee1031] goodgrins it is going to happen when we LEAST expect it

5:56 PM [Bear5642] I hate to say yes and it doesn't I have egg in my face. Remember I am a pastor so I don't lie or fabricate any intel. I have my sources and just got a new one born and raised in Iraq married to an Ameican in the USA

5:58 PM [Bear5642] GOODGRINS I know I'm frustrated also but I have great reason to believe we rcloser

5:58 PM [Dee1031] Bear5642 thank you for that but I am still staying grounded

5:58 PM [goodgrins] bear it alright when it happens we all we be blessed

5:59 PM [goodgrins] i was just hoping before xmas so i can help more people

5:59 PM [Jamaica30] Bear5642 just give us your back wall

5:59 PM [Bear5642] Wellim cooking a Cajun Dish for my family and I have to run. I am expecting a call this evening. U can thank cigar man for me coming in here. Good night and if I get the call I will share

5:59 PM [goodgrins] ty

6:00 PM [goodgrins] bear

6:00 PM [Bear5642] Back wall is no later than january 2013

6:00 PM [Dee1031] Hope you are right

6:01 PM [Bear5642] ME TOO  

6:01 PM [Dee1031] We've been waiting way too long

6:02 PM [jasme56] bear where do you see the front wall

6:02 PM [goodgrins] jasme56 he gave what he could please dont push

A RATE FOR THE DONG IS ON THE SCREEN, 30 NOV

12/30/12  [poppy3] just got off the ph with dewey and part of what is being said is true a rate for the dong is on the screen. it is not the rate being quoted they said he saw but it is better than we have been expecting. The bankers are saying it has been there for two days now but has not been activated. The rate is only visible to the peeps who have access to paid memberships . Now this while is very exciting it means zero till it goes active . This did not come from wells fargo and there was not a rate for dinar so someone has put words in DEWEYS MOUTH like they have mine many times. He is upset and rightfully so. Where this originated who knows but for now please refrain from posting it as it is now. poppy3

11/30/12 [poppy3] ogg --- dewey is a good friend and is a very very successful business man and owns three bank properties and is very closely tied to several other banks so for me if he says it's there than i assure you it is or was there. Poppy3                                                                                                                     
[poppy3] just in heard from my asia buyers about 30 min ago and they stated if the banker in asia know anything they would not share anything positive or negative just that they know zilch about any planned changes for the dong. They said all they have heard lately are just rumors that they will have a change in value in the near future??? Poppy3

DINAR GURUS UPDATE, 30 NOV


11-30-2012  Newshound Guru Doc   After reviewing the recent report of the Secretary-General concerning progress in Iraq our most recent opinion that the RV is not imminent is further solidified.  The most telling quote is in the summary of internal developments which stated "...political blocs pursued their consultations aimed at resolving the continuing political stalemate in Iraq.  While there were several initiatives in this regard, no tangible progress was made on any of them."  Basically this sums up our previous arguments that none of the key issues have been resolved and this report suggests they are still a ways away from resolution.  The report went on to highlight the tension between Maliki and the Kurds and in particular HCl.  As stated previously it appears it will take much more time for resolution.   [post 1 of 3....stay tuned]

11-30-2012  Newshound Guru LoriC   There is an important meeting next week with all the big hitters that may lead to the end of the political tensions and an agreement on the reforms. Allawi, Talabani and Barazani are coming together to unify their positions and the rumor is that they have already come to a consensus among themselves and that this is just to finalize it.

11-30-2012  Newshound/Intel Guru BGG   Article   "U.S. delegation participating in the meeting between the delegations of Arbil and Baghdad military"   This participation by the US was not invited – it was MANDATED!! They tried to let them sort out their own differences. It has not worked – now we’re stepping back in.

11-30-2012  Newshound Guru Adam Montana   There is always a chance that we will have to RUN to the bank and take whatever rate we can get. I feel pretty confident that if Iraq says "Ok the rate is now $1" - they will be able to maintain it and control the situation.  BUT if they lose control, chaos erupts, and the value starts sliding downward - it may be wise to simply take whatever you can get.

11-30-2012  Intel Guru Footforward   Iraq has not been removed from Chapter 7.  Some say they were, this is 100% false & is based on an old article that was published today [Thursday]. This is psychological warfare & it's going to continue until the RV occurs.  Also, the dong showing up with different rates is psychological warfare.  The tariff laws will go into affect after the RV happens.  If they did it before it would be disastrous for their economy.  If Iraq doesn't RV, they will be in dire straits. They need to have the dinar strong in order to be a strong nation.  You can't have a country that is thriving & using another countries currency.  It's going to happen, it's just a matter of when.  All my sources are looking for this now.  It should have already happened.

11-30-2012  Intel Guru SteveI   Now to address a possible rate, many boards will be very conservative and predict a one to one ratio, however, I will stand behind my thoughts.  Over a year ago the 3.22 was taken as a date...Well, that was blown out of the water.   If you go look at my past posts and research, you will find ample news documents and posts to assure you that it will not be anything but a rate that is consistent within the region.  So in summary, if you take all of the news articles and connect the dots, they are leading to one thing, and that is Iraq is and will bring their currency to a proud value that represents their assets.  Also, remember the very close oil sharing, among other things, with Kuwait. And what is the value of the Kuwait Dinar? Exactly. I need say no more.    [post 5 of 5]

11-30-2012  Intel Guru SteveI    the 2013 budget...Will or will it not contain the new revalued rate. If you all recall, it has been in print that the new budget will be in the new currency rate. It is also based on the $90 oil price.  I think another hint is all of the news regarding the lifting of the three zeros. They state it will happen at the beginning of the physical period. If you recall last month (October) the Economic Committee Members stated the rush to delete the zeros currency, and it must start early 2013.  So does this mean January 1, or thereafter. Now [Not ?]  really sure, but I have to wonder, if the budget is in fact using the new rate, it would be January 1st.  The 2013 budget has been read once and is ready for a second and final reading.
 We know that the new budget will start Jan 1st 2013.  

Iraq donor country after 2014

Iraq donor country after 2014 

The central issue shake expectations the deletion of zeros 
BAGHDAD - Laith Jawad 
Parliamentary varied expectations regarding the deletion of zeros from the currency between the continuation of the deletion process specific Pauqatha and affected by the issue of central bank and banking tensions that may lead to delay the process beyond the year 2014 declared that Iraq will turn into a donor country. 
Has confirmed the Economic Committee of the House of Representatives that the process of deletion of zeros and the dinar will be early next year after the end of the project procedures. 
Said committee member Ibrahim panic (time) yesterday that (the process of deletion of zeros will proceed according to its specified time without being influenced by the issue of the central bank because of all the procedures for the project expired since leaving only the execution). 
He pointed out that (deletion hold reformer of the dinar, which has suffered from inflation because of mistaken policy of the former regime, which added three zeros of the dinar to strengthen after a siege on the country the early nineties of the last century), explaining that (deletion will support and enhance the strength of the dinar globally and regionally), pointing out that ( process delete Similar got in many countries of the world to improve the economy and then this process will be great interest in Iraq). 
And on Iraq's transition in 2014 to the international donor Male panic that (Iraq, according to the available data now will be one of the most important donor countries in the world in the face of rising oil exports, as well as its contribution to the IMF and the growing economy). 
For his part, predicted a member of the Knesset Finance Committee good Auzmn that affect the issue of central bank and recent tensions banking on delayed replacement of the currency and delete the zeros to be implemented early next year. 
And Auzmn said in a statement yesterday that (the Finance Committee and the central bank announced earlier in the currency exchange and the deletion of zeros early 2013 but continued tensions case the central bank without finding solutions would delay the implementation of the project until after next year). 
He added that the (delay implementation of the project deletion does not affect the currency as much as affect the citizen weighty money supply and increase their numbers when trading in the domestic market), and explained Auzmn that (deletion of zeros will reduce the rates of current inflation resulting from increased money supply for the lack of supply of goods and services). 
With regard to the transformation of Iraq to the international donor central bank stressed that Iraq will turn to the international donor after 2014. 
The deputy governor of the Bank the appearance of Mohammed Saleh in a statement yesterday that the (World Bank request from Iraq to be a member of the International Atomic aid and become a donor her), indicating that (the government is considering topic in collaboration with the World Bank), and added the appearance that (grants offered by the bank International Iraq was left only a billion dollars, will be spent on the infrastructure of the country), and confirmed that (these grants and aid will end in the year 2014). 
He appearance that (the World Bank would be for Iraq after this year Bank of knowledge provides technical advice and expertise, training courses and development), stressing that the (bank put a watershed in 2014 to be so Iraq has exceeded the ordeal and will not be providing any assistance to him after this date) . 
AZQ01
http://www.azzaman.com/?p=16940

DELETE THE ZERO IN 2013, 30 NOV

Delete the zero in 2013; Iraq donor country after 2014;

 IMF standby agreement expires February 2013 & 

ISX live & International in 2013


November 1, 2012 


The central issue shake expectations the deletion of zeros 



BAGHDAD - Laith Jawad Parliamentary varied expectations regarding the deletion of zeros from the currency between the continuation of the deletion process specific Pauqatha and affected by the issue of central bank and banking tensions that 
may lead to delay the process beyond the year 2014 declared that Iraq will turn into a donor country. 
Has confirmed the Economic Committee of the House of Representatives that the process of deletion of zeros and the dinar will be early next year after the end of the project procedures. 
Said committee member Ibrahim panic (time) yesterday that (the process of deletion of zeros will proceed according to its specified time without being influenced by the issue of the central bank because of 
all the procedures for the project expired since leaving only the execution)

He pointed out that (deletion hold reformer of the dinar, which has suffered from inflation because of mistaken policy of the former regime, which added three zeros of the dinar to strengthen after a siege on the country the early nineties of the last century), explaining that (deletion will support and enhance the strength of the dinar globally and regionally), pointing out that (process delete Similar got in many countries of the world to improve the economy and then this process will be great interest in Iraq). 

And on Iraq's transition in 2014 to the international donor Male panic that (Iraq, according to the available data now will be one of the most important donor countries in the world in the face of rising oil exports, as well as its contribution to the IMF and the growing economy). 

For his part, predicted a member of the Knesset Finance Committee good Auzmn that affect the issue of central bank and recent tensions banking on delayed replacement of the currency and 
delete the zeros to be implemented early next year. 

And Auzmn said in a statement yesterday that (the Finance Committee and the central bank announced earlier in the currency exchange and the deletion of zeros early 2013 but continued tensions case the central bank without finding solutions would delay the implementation of the project until after next year). 

He added that the 
(delay implementation of the project deletion does not affect the currency as much as affect the citizen weighty money supply and increase their numbers when trading in the domestic market), and explained Auzmn that (deletion of zeros will reduce the rates of current inflation resulting from increased money supply for the lack of supply of goods and services). 

With regard to the transformation of Iraq to the international donor central bank stressed that Iraq will turn to the international donor after 2014. 

The deputy governor of the Bank the appearance of Mohammed Saleh in a statement yesterday that the (World Bank request from Iraq to be a member of the International Atomic aid and become a donor her), indicating that (the government is considering topic in collaboration with the World Bank), and added the appearance that (grants offered by the bank International Iraq was left only a billion dollars, will be spent on the infrastructure of the country), and confirmed that (these grants and aid will end in the year 2014). 

He appearance that (the World Bank would be for Iraq after this year Bank of knowledge provides technical advice and expertise, training courses and development), stressing that the (bank put a watershed in 2014 to be so Iraq has exceeded the ordeal and will not be providing any assistance to him after this date)


LINK



AGAIN I WILL PLACE A REMINDER ARTICLE HERE: 

The IMF extended loan Iraq until February 2013
08/04/2012
JD/Baghdad/...The IMF announced on his agreement with Iraq through which their loan extended for seven months until February 23, 2013 for the Iraqi Government to implement a range of actions in the exchange-rate regime in the country. The IMF statement that "changes the agreement expired on 23 July last was at the request of the Iraqi Government." 

The statement added that "the total funding available to Iraq nearly 1.96 billion dollars." The IMF Executive Board had approved on 24 February 2010 at the standby credit agreement for a period of two years worth of 38.2 billion special drawing rights, "about 58, 3 billion dollars" and also approved extended for five months until July 2012 with the modification of Exchange based on the shift in funding needs. Total resources currently available to Iraq under the agreement to the equivalent of 24, 1307 million special drawing rights, "about 96 billion dollars.


http://dananernews.com/News_Details.php?ID=1450

My observation on the two articles above and then some:
So we have an article from November 1st that says they will delete zero's early next year, and that as of 2014 Iraq is on their own and will become a DONOR country. We have an IMF article from August that has extended the standby agreement until February 2013, because it expired in July.... AND they said within the article that the extension was "to implement a range of actions in the exchange-rate regime". 

If the IMF agreement expires in February and they have also extended until July 2012 a modification of exchange based on shift in funding needed, and we have been told time and again by CBI that they can NOT delete the zero's in the middle of the year, ( 
http://dinaresgurus.blogspot.com/2012/11/delete-zeros-must-be-at-beginning-of.html 
) it has to be done at the beginning of their fiscal year... and we know that Iraq's fiscal year begins on January 1st, along with the article that came out a few days ago saying that the 2013 budget would be in new currency and free of zeros ( http://www.alaalem.com/index.php?aa=news&id22=48665t ) which they have said several times throughout the year of 2012, I just don't have time to look them up right now, but this has been a source of panic for parliament. . . that would give plenty of information for one to assume that January 1st or before, Iraq would need to make the move to switch the currency and be ready for the budget on January 1st and completed before the IMF deadline expires on February 23, 2013.

Unless the IMF comes out with yet ANOTHER extension... 

and ... DONT forget... December is the month that Kuwait has said, they will lift Iraq from Chapter VII. (See 
http://almadapaper.net/ar/ 
Which will allow CBI to be free to go international, something that could not be done while under sanctions... and speaking ofInternational..the ISX has been set to go online or live INTERNATIONALLY in Arabic AND English via NASDAQ software in 2013. You can find that (HERE: http://www.ikhnews.com/news.php?action=view&id=47253)   and HERE: http://dananernews.com/News_Details.php?ID=1539 ) And one more thing, in order for Chapter VII to be lifted, HCL will have to be complete according to the UN (SEE HERE : http://www.alsabaah.com/ArticleShow.aspx?ID=36499   ) OK, just wanted to share some pieces.

Blessings!
Miskebam

THE RATE OF IQD IS $3.22 WITH A UST HOLD & THE RATE OF VND IS $.45 CENTS WITH A UST HOLD TOO, 30 NOV

12:29 pm [newmonies] ::: just in from the wells fargo bank ::: dewey has seen the rates of the iqd and vnd on the bank screen at a wells fargo bank today ::: 
12:30 pm [newmonies] ::: the rates are as follows ::: iqd $3.22 with a ust hold ::: vnd 0.45 cents with a ust hold ::: the banker said the ust release could be today or tomorrow :::
[rocketman] [double b] take it or leave it, we will not justify this informatation to you ! Du does not provide or promote you with bogus intel, that is what we have for all of you right this minute !!!!!

It may be wise to simply take whatever you can get, 30 nov


11-30-2012 Newshound Guru Adam Montana There is always a chance that we will have to RUN to the bank and take whatever rate we can get. I feel pretty confident that if Iraq says “Ok the rate is now $1″ – they will be able to maintain it and control the situation. BUT if they lose control, chaos erupts, and the value starts sliding downward – it may be wise to simply take whatever you can get.

The time frame for a 1 to 1 exchange will take 12 to 18 months, 30 nov


11-30-12 PALLADIUM: Malaki is a control freak physco. He likes Shabibi’s plan, but he wants to be in charge and in control. Fine! Give the dictator the acknowledgement if that’s what he wants; as long as we get our 1 to 1 exchange rate. The timeline has changed apparently and we don’t know when in 2014.
Kap appears to be more correct about the float every day. Thank you Kap! The time frame for a 1 to 1 exchange will take 12 to 18 months though. That’s what I suspect Malaki is being told by economists and that may very well be more accurate. I would tend to agree with those economists.
It’s a safe bet that the float will be coming in 2013. It’s not what everyone wants to hear, but it’s reality. This article really is good news (though it probably doesn’t seem like it), because it confirms that the plan is still in place, it will happen, and it’s only the timeline that appears to have changed/been delayed (meaning it’s on Malaki’s timeline now).


11-30-12 KAPERONI: We have talked about this, and posted all the numerous economic effects the dinar value would have; everything from agriculture, to manufacturing and the ISX, tariffs, gas subsidies, food subsidies, bank financing. The list is getting really long.
IMO there is no way Iraq can wait very long before they make it internationally convertible. IMO, based on what I know, the rate will be a float and that gets the ball rolling.
Keep in mind the there is a substantial advantage to this float. It is a sure way to raise the value of the dinar (and the dinar out of country) some 7-10 trillion, that Iraq does not have to pay for.
Banks, speculators, etc. pay for it through the Forex and it ends up in central banks around the world. So Iraq sees the results (value) and the benefits (cost) of a float.
Removing the zeros will happen as a result of the float. As the rate rises, the zeros go away (remove the zeros).

***RV of Dinar ALMOST THERE PEOPLE!!! Chapter VII News CBI Currency Cha...

Iraq wants the deletion of zero’s in this budget, 30 NOV


Med (17:32:02): hey ds
surfsidedan: whats your take on the article to delete the 3 zeros in the year 2014
med: my take i will say this to all believe nothing of what you read and only half of what you are told
surfsidedan: i’ll go along with that
polarbear: and even less of what you see
med: a couple things let us start with shabibi about 18 months ago lanachy came to m e and he sold most of his dinar and bought gold he kept some the problem was shabibi he said shabibi was going to lop i never wanted to tell any of you
i was hoping it was bs but from what we are hearing for quite some time he was
it appears that the goi was not for it not that maliki was wanting to do us a favor but they knew that if they did lop it would have international and global ramifications and iraq cant handle that
i personally believe that they want the deletion of zero’s in this budget if possible do not expect a one to one and it is no longer a rate to trick people into cashing in
but i think iraq is going to first drop the rate maybe in the next ummmmm month or two right now the dinar based on the past years when it was pipping each month sonny and i calculated it should be around 800
that for first move would be a very good start not to cash in but iraq has never been on the market for about 40 yrs or so maybe it is 30 i think if it has success by not plummetting and is accepted and if it holds i expect another huge jump
but not in the opposite side yet i think this group realizes that moving about 2000 pips is beyond reality it will have to jump several times and then get within reach of the even before it crosses
if that were to be the actual road it goes then yes it is 2014 when it finishes
i surely will be able to watch that and wont become disalusioned ok so some food for thought you know i cant even program a budget for my own home and i can off the top of my head think of a plan feasible for an rv by 2014 pa…thet….ic
surfsidedan: i guess i’ll be working for a while
med: it depends dan i gave two moves one for the budget and one for the end of yr all in the same scenario and remember i know you you are one smart man you are too smart to bet on the dinar to put you into retirement by a specific timeline
we are on an adventure and right now we are in a hot air balloon over the earth above the clouds with a wind and a small leak no clue when it will hit
surfsidedan : roller coaster ride for sure
more chat added:
aunt gwennie (19:31:16): merry xmas everyone i just read med post, how depressing it is.
aj4now: well, i don’t need to be any more depressed….check ya all later
carrottop: what will be will be, we can’t change anything.
cookmarian: hey it just is what it is. a very long term investment. interesting to find out that shabibi was going to lop. i kind of feel like that would have been a dity trick after all the investment money so many have poured into iraq
if shabs is reinstated, would he lop ? i always tyhought the whole trigger pulling authority was in his hands. i don’t trust him where my best interests are concerned anymore
anyway. time to clock out at work. gn ds
med: depressed wth is there to be depressed about and i guarantee shabibi is not coming back man i dont know how some were raised or trained but i can see the light in almost any negative any depression my friends is your own fault not the dinar or iraqs
we took a risk you want to know the silver lining here what if shabibi was not removed and he did delete the zero’s on jan 1 and you found out it was a lop how depressed would you be then
being that would have been the end no more chances over we all go home there is life here we as americans are too used to having everything our own way
and it is true we do mostly cuz we are in control of our own destinies to a point and our futures being the opportunities this country does give the majority of the people nothing is wrong nothing at all what is happening was suppose to happen
it saved many from jumping off the bridge possibly in jan count your blessings here gang
silverstar360: how can anyone be depressed lets say u invested $10,000.00 you got 10 mil dinar now the rv comes in at .30 thats 3mill u no got now whats the down side i don’t see one at all regardless of what the rate is
med: ty
russell: thanks med
med: yw not done yet lol
silverstar360: u kno if i just double what i invested i be happy u cant get a 100% return anywhere else
med: right
rowboat: life is good ,med
med: it is rowboat
silverstar360: i done got down off my soap box
med: silver i thank you
silverstar360: yw
junebug: i guess maliki did us a great favor, after all….. now that shabbi is gone
med: fitter and i were talking about it only a few hrs ago he did unknowingly
fitter 1: oddly enough he did
med: one thing we have to remember this country was under a 30 yr dictatorship it owed hundreds of billions to everyone it was at war twice in 19 yrs
fitter 1: huum like us
med: and the second time it was decimated
junebug: maybe this is why it hasn’t revalued sooner,,,,,,,,,,, don’t need a lop lol
fitter 1: lol
med: yes then they got involved in the sectarianism that caused this to begin with one group the sunni’s led by hussein ran roughshod over the shia’s and the kurds
we blundered by not having an exit plan after occupation not like post war germany and japan
we then because of a campaign promise rushed to get out now realizing it was an error and has pretty much caused what is happening now
not that we started it but there had to be some kind of warning or red flag cuz we all saw it coming one thing remember i gave only scenario’s i never said it was true the lop yes but that no longer is an issue it was stopped
junebug: let us be thankful
med: now if your bummed cuz of that not sure what will make you happy
silverstar360: ice cream and cake
med: lol
tdk:
med: ok gang i have to get off my feet

PROJECT TO DELETE ZEROS DISCUSSION, 30 NOV

Project To Delete Zeros – Kaperoni & Members Discussion


BUGSY:  seems to me that they are saying hold up till they nominate someone to move forward with this...

nomination of a personal professional experienced high financial management central bank to maintain the stability of the Iraqi dinar, and balance the sovereign foreign currency.

now we know that raising the rate or setting out on float is part of the process, but are seeing them say that they are not starting the "whole process" or just the lifting of the zeroes?

SUNSPOT:  tlar, thank you for your analysis. I have a question for you. Once we see the free float begin and let's say the value of the dinar doubles in value from where it is today at 1166 to 583. Do you expect the dealers will experience a whole new wave of buyers for the dinar?

I know it's been said that there is not an unlimited supply of dinar. But it seems that all the dealers are never short on dinars to sell. I mean if I wanted to go buy a million USD of dinar I could. I certainly want the dinar to increase in value but at times it seems like this situation is too unreal and it also seems like it's the dealers that are the only ones profiting.
PALLADIUM:  I read this at 5 am this morning and thought about this all day.

This goes back to comments I have made that a float up to a 1 to 1 on par with the dollar would take longer than 3 to 10 months.

It appears only the timeline has changed, not the plan. Thank the Lord!!!

Malaki is a control freak physco. He likes Shabibi's plan, but he wants to be in charge and in control. Fine! Give the dictator the acknowledgement if that's what he wants; as long as we get our 1 to 1 exchange rate.

The timeline has changed apparently and we don't know when in 2014.

Kap appears to be more correct about the float every day. Thank you Kap! The time frame for a 1 to 1 exchange will take 12 to 18 months though. That's what I suspect Malaki is being told by economists and that may very well be more accurate. I would tend to agree with those economists.

It's a safe bet that the float will be coming in 2013. It's not what everyone wants to hear, but it's reality.  This article really is good news (though it probably doesn't seem like it), because it confirms that the plan is still in place, it will happen, and it's only the timeline that appears to have changed/been delayed (meaning it's on Malaki's timeline now).

ROCKINRICH:  im not sure if we should give any of these articles as much clout as we seem to be doing when  who knows what is true and what isnt  itll happen when it happens

TLAR:   Sunspot,  that's a hard question to answer.  I don't believe there will be a float.  I believe that there will be a 1 to 1 RV.  I believe that the dinar will come out of the shoot at this number then I think they will hold it there for at least 12 to 24 months.

The reason I believe is because of the study commissioned by the CBI to determine at what rate Iraq's dinar could be supported that was done in 2008.  That seems to be Shabibi's first plan he was following before he switched to just float the currency.

I believe the CBI has begun once again  following this plan.  The study concluded in 2008 concluded that the CBI could sustain a $1.13 value then went on to suggest that they hold it there, which means protect it at this level for 2 years.

Then after the suggested hold period, open it up to market conditions and let it float to where it wants to based on the market is at that time.  They anticipated that using a float and starting at $1 or close to it, it would go back to where it was before Saddam came into power at around $3.45.   Since  2008 when this study was done conditions have changed.

Oil production has increased but then so has the money in circulation.  I'm sure that those who keep these statistics as does the the IMF and CBI know what the ratios are today.   If I had to guess the dinar could now be supported at the level Shabibi was shooting for right out of the shoot, .86.

I have to believe this was a number Shabibi had decided upon working closely with the IMF.  It is obviously anticipated that once the dinar does go to a float the dinar will increase in value.

 As oil goes to 7 mbpd by 2017 the currency will be more valuable.  By 2020 they estimate 12 mbpd and again based on these levels of production,  the dinar should benifit immensely.

Assuming that they hit these targets I believe what politicians in Iraq have recently stated.  The will have the most valuable currency in the world.  Of course by then I won't be following the dinar.  I will sell out day one at .86.  I don't trust these camel jockies as far as you can spit them.  I assure you they will be glad to see me leave.

It will be a win win for both Iraq and me.  I'm sure this is not the answer you were looking for but this is my opinion of what will happen.

KAPERONI:  We have talked about this, and posted all the numerous economic effects the dinar value would have.  Everything from agriculture, to manufacturing...and the ISX.   Tariffs, gas subsidies, food subsidies, bank financing ... the list is getting really long.

IMO there is no way Iraq can wait very long before they make it internationally convertible.  IMO, based on what I know, the rate will be a float and that gets the ball rolling.

 Keep in mind the there is a substantial advantage to this float...it is a sure way to raise the value of the dinar (and the dinar out of country) some 7-10 trillion, that Iraq does not have to pay for.

Banks, speculators, etc. pay for it through the Forex and it ends up in central banks around the world.  So Iraq see the results (value) and the benefits (cost) of a float.

TLAR:  Kap you make a good argument for the float and there is some advantage to a float.  My question to you is if it going to be a float, why do the  new articles once again mention  "remove the zeros?"

 If this is not now the plan then I would think the Finance Committee, the CBI, the Ministry of Finance and members of the Economical committee would see this as counter productive.

For members of each of these organizations to be using this term when a float is the decision, we must assume that they are acting wrongly independantly.  The other reason could be they are speaking in concert because the plan is back to "removing the zeros"  Any thoughts on this?

KAPERONI:  Removing the zeros will happen as a result of the float...as the rate rises, the zeros go away (remove the zeros).

TERRY:  Tlar, you might want to keep in mind that Kap and Steve have talked with the facilitator and have actually been to the trading room.  They know that contracts were signed between the GOI and the facilitator and the CB and the facilitator.

 Kap stated on his last cc that even though Shabibi is gone the contracts are still in force and the plan is still to float the currency.  KAP even gave us more info about how sophisticated and intricate the whole program is and how truly large this event will be.

That from the facilitator.  Obviously KAP knows more than what he is telling us (who) but obviously he has a good reason to not share.  IMO  while you make a great case for your belief that they are back to the old plan.

I gotta go with Kap because he has some inside info that is awful important and relevant to this investment.  i really like your posts and you are obviously extremely knowledgable about what you say.  I personally gotta believe that it looks like a float to me!!!  You may be right, I guess we just have to wait and see.  Like you said, either way,  we be rich!!!

ARTICLES OF DISCUSSION LINKS

The current crisis, the central bank does not affect the deletion of zeros
LINK

Project deleting three zeros from the national currency will be during the year (2014)
LINK

SCALP:   So the float does fit in with these new articles now saying 2014 for the removal of zeros, so from these latest articles with a flat theory in mind we have about a year, maybe just under a year to wait before the rate gets up high enough to release the new currency at the start of a year.

So what? we are looking at a float starting next june july? or next october november? or do we think they will float it soon but its going to flaot up so slow that we dont have to worry about it for another year until its of a high enough value to release the new currency (small denoms)? which we know has to happen at the start of a new year.

Ive still got hope for a straight rv soon or early Jan, I dont much feel like waiting a whole nother year like this float theory suggests...not that I have a choice.

Unless of course we think that if we seen a float like NOW....it will get up to a good enough rate to release new currency in jan 2013.....but then, we have these articles stating 2014.

I really hope these 2014 articles are wrong because otherwise we may as well take a year long vacation from this investment.

I just cant see how a float would work soon by all that we know and then looking at these arts.

Hmmmf but what do I know?

I thinK we have 2 scenarios now.

1 - straight rv = we cash out very soon

2 - float = we have about a year or more to wait, probably jan 2014 when the rate is good enouggh to release the lower denoms

If im not wrapping my head around this properly please help me understand better :)

ALL IS PSYCHOLOGICAL WARFARE, 30 NOV


11-30-2012  Intel Guru Footforward:Iraq has not been removed from Chapter 7.  Some say they were, this is 100% false & is based on an old article that was published today [Thursday]. This is psychological warfare & it's going to continue until the RV occurs.  Also, the dong showing up with different rates is psychological warfare.  The tariff laws will go into affect after the RV happens.  If they did it before it would be disastrous for their economy.  If Iraq doesn't RV, they will be in dire straits. They need to have the dinar strong in order to be a strong nation.  You can't have a country that is thriving & using another countries currency.  It's going to happen, it's just a matter of when.  All my sources are looking for this now.  It should have already happened.

Thursday, November 29, 2012

OKIE ONLY POST'S WHEN SOMETHING OF RELEVANCE IS OCCURING, 29 NOV


OKIEOILMAN] THEY SAY A WATCHED POT NEVER BOIL'S--BUT TODAY THE STEAM IS CERTAINLY APPEARING OUT OF THE POT. THERE ARE HISTORIC EVENT'S OCCURING TODAY, NOT THE LEAST IS IRAQ BEING FREED FROM THE SHACKLES OF CHAPTER 7 WHICH WOULD IN TURN GIVE THEM THE SOVERIGNTY THEY HAVE BEEN LACKING AND THE RESTRICTIONS PRECLUDING THEM FROM BEING A WORLD RECOGNIZED TRADING COUNTRY .

THIS HOPEFULLY WILL BE THE CATALYST TO FINALLY GET THINGS OFF DEAD CENTER AND EXPEDITE OUR INVESTMENT'S. ALSO TODAY THE U.N. WAS TO VOTE ON STATEHOOD OF PALESTINE (WHICH CERTAINLY IS NOT PRODUCTIVE TO ISRAEL). SYRIA IS STILL ON FIRE, EGYPT IS REVOLTING AGAINST IT'S NEWLY ELECTED PRESIDENT THAT SEEM'S TO WANT DICTATOR STATUS. IT APPEAR'S THE ENTIRE MIDDLE EAST IS LIKE A AREA COVERED WITH BALES OF GAS SOAKED HAY AND HERE COMES SOMEONE WITH A MATCH. 

THE ENTIRE WORLD'S ECONOMY IS ON THE BRINK OF SOMETHING MONUMENTAL OCCURING AND WE HAVE THE PRIVLEDGE OF WATCHING HISTORY UNFOLD RIGHT BEFORE OUR VERY EYES. CARPE DIEM (SEIZE THE MOMENT). KEEP ALERT AS NEVER BEFORE AND WATCH THING'S PRAYERFULLY PLAY OUT IN OUR FAVOR. THERE ARE MANY RUMOR'S FLOATING AROUND TODAY AS USUAL AND YOU SHOULD USE DISCERNMENT IN SEPERATING FACT FROM FICTION. 

I AM STILL UNDER A N.D.A. AND HOPEFULLY BE RELEASED FROM IT SOON. --THEN AS PAUL HARVEY SAID--I WILL TELL YOU THE REST OF THE STORY. KEEP THE PRAYERS GOING UP AND KEEP THE FAITH. I WANT TO SHARE A REVELATION WITH YOU I EXPERIENCED DEEP IN THE NIGHT LAST NIGHT--I REALIZED I HAD ALL THESE YEARS BEEN PRAYING WRONG--I HAD BEEN PRAYING FOR SUSTANCE WHEN I SHOULD HAVE BEEN PRAYING FOR ABUNDANCE. (THERE'S MORE HERE THAN MEET'S THE EYE--THINK ABOUT IT).--GOD'S HIGHEST BLESSING TO EACH OF YOU----OKIE

 [..OKIEOILMAN] I TRUELY MISS MY DAILY POST'S OF CURRENT INTEL THAT I USED TO FURNISH MONTH'S AGO. I WAS REQUESTED BY AN OFFICIAL AGENCY TO NOT POST ANYMORE INTEL AS IT MAY HINDER PROGRESS IN OUR QUEST FOR RELIEF OF OUR FINANCIAL NECESSITIES. I CERTAINLY DIDN'T WANT TO MUDDY THE WATER OR BE A HINDRENCE THUSLY I DECIDED TO HONOR THE REQUEST OF SILENCE OF CURRENT INTEL. I HAVE BEEN CARRYING A GREAT DEAL OF GUILT BY SUDDENLY STOP POSTING BUT I FELT HONOR BOUND TO DO SO. I HOPE YOU APPRECIATE MY POSITION AND WILL MAKE ALLOWANCES FOR IT.

[..OKIEOILMAN] WHEN AND IF--THE GRADUATION LETTER IS TO BE POSTED--IT WILL BE POSTED HERE FIRST.

[..OKIEOILMAN] I PROMISE THIS-------YOU WILL BE THE FIRST TO KNOW WHEN SOMETHING FINALLY OCCUR'S

..OKIEOILMAN] I FEEL WE ARE VERY CLOSE TO OUR DESTINATION BUT I DO NOT KNOW EXACTLY WHEN THAT WILL BE. I WOULD LOVE TO GIVE DATES AND RATES BUT AT THE PRESENT I HONESTLY DON'T KNOW.

[Spirit12] ..OKIEOILMAN lol you are typing better than most of us do!

[..OKIEOILMAN] SPIRIT--NOT BAD FOR AN OLE MAN WHO TYPES WITH HIS TOES IS IT?

[..OKIEOILMAN] I TOLD YOU ABOUT MY REVELATION THE OTHER NIGHT ABOUT PRAYING FOR ABUNDANCE RATHER THAN SUSTANCE DIDN'T I?--WELL--I RECEIVED ANOTHER WORD THAT IS NOT BIBLICAL OR IN THE SCRIPTURES BUT I THOUGHT TO MYSELF--MAYBE IT SHOULD BE--HERES THE OKIEISM--MAKE ALL YOU CAN--SAVE ALL YOU CAN--GIVE ALL YOU CAN-------

[..OKIEOILMAN] I HAVE TRIED ALL MY LIFE TO LIVE BY MY OWN PERSONAL CREDO--THINK LARGE--GIVE LARGE--THEN TURN AROUND AND WALK AWAY--

kajundinar57] ..OKIEOILMAN if we are all going to be financially stable why cant we have a big party,,,We could all meet in one place.....

 [..OKIEOILMAN] KAJUNDINAR57--WE WILL BE AT AN ETERNAL PARTY SOMEDAY---UP THERE!!!

[..OKIEOILMAN] IT FEEL'S SOMEWHAT RIGHT FOR A CHANGE JUST TO SHOOT THE BULL SO TO SPEAK WITHOUT CONSTRAINTS BEING IMPOSED UPON ME---KINDA LIKE PLOP PLOP FIZZ FIZZ OH WHAT A RELIEF IT IS---

..OKIEOILMAN] I RECEIVE SO MANY CALL'S DAILY WITH ONLY 3 QUESTIONS--WHAT'S THE DATE?--WHAT'S THE RATE?--WHAT'S THE DELAY--IT IS SO NICE JUST TO BE ABLE TO CONVERSE WITHOUT THESE QUESTIONS ARISING.

 [..OKIEOILMAN] HAVE YOU EVER NOTICED THAT OKIE ONLY POST'S WHEN SOMETHING OF RELEVANCE IS OCCURING??--THINK ABOUT IT--

PROJECT DELETE ZEROS DISCUSSION, 29 NOV


Tlar:  Don't dispair Sherry.  Remember the removal of the zeros project is at least a one year, start to finish project.  I personally do not believe that they will wait this long to start.  Abbas is giving his opinion only as indicated in the first paragraph of the first article when he says "probably".  Although being on the Finance Committee, it is not his decision to make.

  Just follow the CBI/IMF news.  The next round of articles will be more telling.  If they start to print the new smalls by the first of the year would tell me that remove the zeros is going forward the first half of the year (Jan-Jun). They most lilely would not print this currency a year in advance.

Article Of Discussion :
                Member of the Finance Committee: the current crisis, the central bank does not affect the project to delete the zeros .. And will be implemented through the year (2014)

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LESLIE:  The revalue of the currency will need to precede the deletion of the zeros (an introduction of new small notes) Maybe they want to "float" the value for a year prior to deleting the zeros.  As I understand it...they are two separate events

KELLYSUE: 
Thank you DA gang for all the insight!! I'm with Carrello, it is great to see articles again on "deleting zeros, timelines and printing new currency." Also, with Leslie.....in that Kap has stated time and time again, the RV/Float will have to occur WAY before the new currency is released. "As dinar investors, we will be long finished before the new currency is released. Great news!!"Oh Happy Day!!"
KAPERONI:  Kelly and Leslie are right on.....Here is what you are all missing.  Is in order for them to "delete the zeros" the dinar should be 1 to $1 or greater.  IMO, the float will begin soon which will begin the process of raising the value of the dinar.  If they are going to start 2014 using the dinar on the investment side of the budget, this gives them ample time to float it up until that day.

SCALP:  I just can't let go shabby saying new currency has to come out at the start of a year or it will be an accounting nightmare....if it's too much of a nightmare for the likes of shabby its going to be impossible for anyone else to try it. Makes me a little bit nervous that we are trying to make jan 2013 and then if not we wait a whole year!

Float needs to start now to get currency out by 1/1/13.....so I think its more likely we are looking at a straight rv.

Im nervous man, I always had hope that they could just do this thing when ever they were ready, any time of the year, but since shabby saying that I don't believe they can any more :(

Pressure is on and im feeling it, if we dont see anything early jan or before I think we all got a years holiday.

Someone please show me something that counters shabby's opinion on that it needs to start at the beginining of a new year/fiscal year, not suring it.

I really need to see it to chillax again.....I feel damn nervous!

before this M crapola with the CBI I knew we were there, but now.............

Not trying to be a debbie downer guys, I just cant get that out of my head and jan 2013 isn't that far away now.

Arts say currency is printing so I still have hope for 1/1/13 and a straight rv....but many here say its going to float, if so, surely we need to see it floating already...like now to get the currency out for the start of the year.. Panic panic panic :P

Hopefully this accounting nightmare is already worked out in the 2013 budget like arts claim the zeros project is included....that sure makes it look very good for 1/1/13 or before for float.

TLAR:   Scalp, you and I are of the same mindset.  Shabibi arrived at the float decision IMHO, because the government fought everything he tried to do. He was afraid to go against the government.  By now we should realize that he is not coming back.  So as the players have changed so to, may have the plan.

 We know the original Shabibi plan was to remove 3 zeros off the nominal rate effectivly bringing the value of the currency to .86 per dinar.  We know all preparations to make this change were done in October of 2011.  We know he did not pull the trigger as we have come to realize he could not.

 Shabibi is gone and now the articles coming out are again referring to removing the 3 zeros.  We know that the CBI is firmly in charge of the contracting to print the new currency as a result of the Finance Committee passing what they believed to be their resonsibility and right to give this decision to the CBI.

We know that the designs had been picked along with a printer because Shabibi had said they were ready to start printing in September with the target being January 1st  to start to remove the zeros.

We also know that Shabibi made a successful huge push in his last two months as head of the bank to remove as much dinar as possible.  This removal was the best kind because even though they had been removing the 3 zero notes since last year, all that was truly being done back then was just to replace these big notes for smaller notes leaving the same amount of the dinars still in circulation.

In the last few months he took advantage of the program rate/street rate to litterly remove trillions of dinar off the street and replaced them with USD.  This actually reduced the money in circulation, not just replacing the dinars with smaller denoms.  I've not seen any numbers of how much was actually retired but is you consider the bank was buying 250-357 billion dinars a day, that means they were removing at least a trillion dinars every 3-4 days during this period.

 Remember for each million USD the CBI sold they receive 1,189 billion dinars.   So assuming there really was 28 trillion dinar out as stated by the CBI a year ago and that Shabibi had initiated laws to make it illegal to take large sums of dinar out of the country, effectively nuetralizing monetary growth, and assuming that all 28 trillion were really in circulation, a portion of which was not just on pallets at the CBI, Shabibi did an excellant job of cleaning the currency market up in preparation for the removal of the zeros.  Remember the plan was to go to 1 to 1.

 So every dollar the CBI sold they received 1189 dinars back.  When the RV took place shabibi would have been able to buy back each dollar he just sold for 1 dinar.  So where are we?

Everything remains as it was before the removal of Shabibi, but now the government is firmly behind the bank even giving back some of the powers they usurped while Shabibi was in power.

 think we are still on target despite all the articles saying next April when the new government takes office or 2014 or whatever.  I think the momentum is there.  Article by article I see we are back to the removal of the zeros on day one, and I see the steps being taken to do this after the first of the year, 2013.  I also think Turkri will he permanently assigned as the govenor of the bank.

 He is learning on the job.   What I don't see is Maliki being removed by any vote of no confidence which believe it or not, I feel maybe a good for our investment at this time even if it is not good for Iraq.  All of the above - IMHO.

TLAR: 
 Part 2  I am not making predictions of any kind and I don't believe I have ever made any predictions.  I only read and interpret what I see and respect others opinions as equal to my own.

There are some sites that are quoting me as a info guru.  I  assure you I am not and quite honestly do not like being quoted  by these people because these sites do not print what I say in total.

They only print parts that fit their mold for their websites trying to sensationalize them.  I would ask you to please stop this.  I rexpect all of your opinions as I would expect  you to respect mine.  I am not 100% right as are none of you, so please I ask you to see my opinions for what they are, opinions only.   I have no contacts and no special knowledge. I'm just an opinionated SOB, nothing more.  Thanks for listening.

This situation is worse than an arubics cube.  If you can definitely figure this out please let me know.  Truth is theire is not bad opinion until these guys RV.  After that those who want to stick around and grade the opinions on who was right or wrong, can hang around to do so.  Me, I'm out of here 4 minutes after the RV. and quite honostly

KAPERONI:
  Just a reminder that both the WB and IMF expect Iraq to be a Doner state in 2014.  Had to see that, if they don't start now making economic changes.

TLAR: 
 Chris, the goal of the bank has always been to reduce the cash in circulation.  People in Iraq aren't real smart but that does not make them stupid.  Shabibi set up 10 banks to do the switch to the new currency and he bought 10 de la Rue machines to detect counterfeit currency as it came in.

He also gave strict instructions to these banks to take their time with each person coming in to switch, to set up bank accounts.  This assumes two things.  The first is that the average Iraqi will need a bank account and that he will not want to carry that much money around in his pockets.

 I ask you if you were an Iraqi, would you like to take your excess 25,000 dinar not to the bank, switch it for new smalls and carry it around with you?  I believe the average Iraqi will not because of fear of theft.

So he will most likely deposit the bulk of this money into the new account just specifically set up for him and only carry around a very small portion of this.

  If the same Iraqi just exchanged that 25000 dinar note, the government is estimating (hoping) that he will then start using the banks which is another stated goal which is supported by the banks desire to get him to start using credit cards and potentially start banking by phone.  25 billion is less the 10% of 26 trillion, meaning the bank expects that the other 90% will be deposites in the bank.  The 25 billion is an estimation and a desired number that they hope will be left in circulation.

IMHO Chris, this is not a lop.  25 billion has been the stated goal of the RV since the beginning as is reducing mistakes in accounting sheets, making change in the street, gettigng rid of USD, etc.

 RVing makes sense and most in government are coming on board.  The smart ones are already there.   Also remember Shabibi stated over and over that the  zeros will be removed off the nominal value (exchane rate).

SCALP: 
 Easiest explanation Chris is (now lets see if i can get it from my head onto paper, i have this trouble a lot :P ;) that the large denoms will be destroyed leaving just smaller denoms on the streets and they will need less denoms to buy what they want because the rate will be different which means the prices of goods will be different and lets also add that they also want these guys to start using the banks...ie debit/credit cards....and not pay for everything with a whell barrow full of dinar.

New smaller denoms + new rate + new pricing + new banking services = Less money in circulation, less money on the streets. Instead of needing 2 vans full of dinar to buy that new car they can now do it with the new higghher valued currency or buy it using their credit card.

Hope that got out of my head right, it's late and im tired...its summin like that. 2 years ago I could have explained this so much easier than I can now, its pretty hard to wrap your head around, you need to look at it as not from the outside of iraq but from the inside and as an iraqi citizen. it's very complicated and warps my brain just trying to write it down. im sure i will read this tomorrow when im a bit more alert and wonder wtf I was on about :lol: Im that tired that I cant even find that post by Chris, time for bed me thinks :o

FULL ARTICLE & LINK

Ali Abdullah - 11/28/2012 - 10:48 AM | Hits: 62

Ruled out a member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, the impact of the current crisis, the central bank on the project to delete the three zeroes from the national currency, stressing its implementation and probably will be based during the year (2014).

Abbas said in a press statement: The device of the central bank a large and complex, as it contains multiple sections, and a large number of financial experts and economists, therefore, strategic projects are not linked to a particular person in the bank (governor).

He added: that the draft reform of the national currency when three zeroes deleted them based sacking will not be affected by the Governor of the Central Bank because it is a strategic project general matter of the Iraqi people and the national economy.

He guessed Abbas: implementation of the project during the year (2014) as the central bank said no intention to implement the project to delete the zeros in (2013), calling for the nomination of a personal professional with news high financial management central bank to maintain the stability of the Iraqi dinar, and balance the sovereign foreign currency.

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