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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, August 30, 2012

DINAR CHATTER , 30 AUGUST


Dinarfor2: I have my own bank story and just can't believe what happened.

I went into the local bank this morning and cashed a $50 check for some cash. When i handed it to the teller she asked me how i would like the bills back and without a single breath i said i would like the new US treasury bills. She looked me right in the eyes and said they haven't been released just yet and there not bills there notes... I just looked right back at her and said I guess i will just have to wait a little longer. She said yes, just like the rest of us. I gave her a huge smile and left the bank with an uplifting feeling that I/We all need to have once in a while.  dinar4two

[xyz] right now busy day is sept 12th for europe. http://www.bloomberg.com/tv/

[xyz] 'Drink Less, Work More', Billionaire Tells Non-Rich http://finance.yahoo.com/news/drink-less-more-billionaire-tells-152654355.html

[2012jesus] annieh not a intel person just playing with wcw ,,my bro ,,but cruiser said sept 1st or sooner,thats what iam hearing ,just got call

[WCW] 2012jesus just got a call today are tomorrow is our day

 [2012jesus] annieh WCW told all

[annieh] 2012jesus tomorrow????? time?????? hahaha

[2012jesus] annieh same as CRUISER before sept 1 st 
[annieh] 2012jesus different sources?

[WCW] kimskennelklub from 2cdt till 5 cdt all us banks are open and from 11cdt till 8 cdt they are all closed .  THATS HERE IN THE USA

 [WCW] Tradewind i just wish that i could push the button

WCW] If it has already rv ‘ed it can show up at any time it does not make any differance if banks are open or closed

[barb] WCW I am aware Hawaii is part os US ust do not understand why this is relative to the CE as this is a world event involving many countries

WCW] barb because the rate here in the usa will not be the same as everywhere else s because our s is tied to oil thats why this rv is different

[pmw1973] barb imagine ....the EVENT has already happened....we cant see it yet

[ [eagles4] barb My understanding only the USA has individual investors, Maybe thats the reason

[barb] WCW tyring to wrap my brain around this.. not trying to argue, so this is going to reflect a gold back currency in the US in lieu of a fiat currency?

[WCW] barb yes there is a lot going on behind closed doors to get this done it’ s differant

NuffSaid] WCW the rate will be the same for all from the CBI site.

thankful] Bank Exchange Packing List for Long Drive and potential Overnight: so far we have large casual purse, dinar, other currency, 2 forms ID, bill with address for residence proof, full gas tank, trail mix, water, receipts, change of clothes, flat shoes, toiletries, self defense gear. That about it?

[thankful] Ahhh! laptop, cell phone and chargers!

 [justaguy] thankful And the "code" lol

[2012jesus] Higherground iran is done , and we should see rv soon

[HIGHERGROUND] 2012jesus amen

 [2012jesus] HIGHERGROUND thats what i was told tonight /tomorrow ,,just like CRUISER saying before or on sept 1st,, praying

 [HIGHERGROUND] 2012jesus that is awesome....news...

 [2012jesus] jetpack praying

[longhornhusky] Does anyone know what Bernake is going to talk about? IS it QE-3 talk? Stocks fell on Thursday after several days of muted trading as investors took a defensive posture before Federal Reserve Chairman Ben Bernanke's much-awaited speech on Friday.

[foggy01] longhornhusky Bernake will say nothing, but markets will react to the expression on his face. Just watch!

[blessedandhighlyfavored] Per Tony at PTR that there supposed to be an announcement in Iraq today but it is not the RV announcement....hmmmmm....I wonder what it could be then.....any thoughts on this one anyone????

 [weneedit] Could be the news about the small bills and coins

[blessedandhighlyfavored] weneedit Yes he said it on yesterday on PTR call so we shall see today.....

DINAR GURUS UPDATE, 30 AUGUST

8-30-2012  Newshound Guru Adam Montana    It's been known and established for quite some time now that there is a plan to re-evaluate. Along with a re-evaluation comes a need to redenominate - with a higher valued currency must come lower denominations in order to continue physical cash transactions.

8-30-2012  Intel Guru Checkmate   the level of this confirmation of things we're hearing today are kind of INTERESTING... I won't go into detail but to say we know the banks have been saying things for a long time and now we are hearing it from different parties and entities that are verifying it...there is a lot of movement in the last 24 hours...of things we would see if we were moving forward...I'll leave it at that...we have heard this level of stuff before all to wake up 3 or 4 days later and no one is talking...so it is a little different tonight...some of the places we are hearing are interesting.

8-30-2012   Intel Guru BOBGETZ6    With the news of the coins being ready to be distributed, but on hold, the first of the month looming, I know something big is about to happen. There is much, or so I have heard, going on in the background as well as a lot of money moving around. China and other countries have purchased enormous inordinate amounts of gold over the last month or so. I believe we are in for a big change and my gut feeling is how could it not be now? This is not a prophecy of a date, just a well thought out view of my own.

8-30-2012  Intel Guru Tony   The coins have been given to the merchants but are not to be used until after the 1st of September.  There are still requirements that need to be met.  There are meetings of Parliament, votes being taken, announcements to be made during the rest of the week…this is what my sources are saying.  We have our dignitaries over there as well as dignitaries from other countries and they are not there to sightsee. My understanding there was a huge problem that was holding this up and it was resolved.  There are things happening to conclude this.  We are in a very good place.  

8-30-2012  Intel Guru Gary   We do know that the coins are being disbursed.  It’s important to understand that at the level of the IQD at this time, the coins are pretty much useless.  We also know that people are receiving in the mail smaller bills as they purchase IQD. 

8-30-2012  Intel Guru Checkmate   This has been ready for many, many months.  Someone is holding it up and what is the reason?  In this holdup, we have seen some banks getting weaker, who benefits from this, who wanted this to happen?  The IQD is ready to revalue.

STLOU, REVBO, CHRIS, PUCKSTER & PAT POST, 30 AUGUST


8-30-2012 Stlou: Iraq will not get the dinars we hold. Instead, they will be gathered/collected/cashed in at our local banks (or whomever you decide) and will be eventually sent to the US Treasury, where they will be held as foreign reserves by the US Government. Remember, Iraq has stated (via Shabibi) that the dinar will be eventually used as a "reserve" currency. Over here, that would pertain to foreign reserves, which, in turn, will strengthen the value of the USD. It also will be used (the higher denoms), for inter-bank transfers. 

8-30-2012 Revbo: Why would everything become 1000x more expensive in Iraq? Just as Bakri said, as the dinar becomes more valuable, products and services retain their inherant value. The price just loses three zeroes. i.e. If a car costs 20m dinar now, it will cost 20,000 dinar post-RV. It seems pretty disingenuous of the writer to say that the price of everything stays the same after the money changes. That's just basic economics. A house in the US cost $5000 50 years ago. As our money became less valuable, the price of the same house went up. 



8-30-2012 Chris (Response To IBN): Go take a peek at the Iraqi Defense Funds pdf files for each month. Iraq is still under chapter 7. The money is placed in a cauffer then an amount is destributed back to Iraq. They do not have full control of their monetary assets as of yet. So their budgets are under the microscope of the IMF as well as US. So when you hear someone say it is out of Iraqs hands they are partially correct when they say its in Iraqs hands they are partially correct. Goals have to be met, political and financial, (so that would be Iraqs part) in order for IMF and World Bank to make their move (the out of Iraqs hands portion). Thus why Iraq was given an additional stand by agreement time of 7 months starting in August 2012. 

8-30-2012 Chris: So again, no one has addressed the issue of big 4 banks handing out bank accounts specifically for the IQD speculation. I would assume that if the revalue is a known scam it would be illegal for banks to offer such accounts. Secondly the Iraq Defense Fund was also reflecting oil revenues for the month to the tune of 9.5 billion alone in April. Just the oil. Then you see stacks of gold in an article from kurdistan. Again, perhaps I am a dense investor who knows nothing about macroeconomics, yet when you add all of Iraq's assets it most assuredly is greater than the USD. While our gold coffers nearly empty, our gdp is an embarassment, our debt is off the charts. The current value of the dollar looms at .82¢compared to stronger nations partial thanks to the federal reserve hyperinflating the dollar with every qe3. Forget the federal reserve, the IMF and world bank runs the show. Iraq has contractual obligations to fulfil with the US and IMF. Look at the list that offered debt forgiveness or monitary relief to Iraq to help expand…esp in these Paris Club agreements. Japan, China, why? China is sending a delegation to Iraq to invest. Back in 2008 Citibank stated in a “Doing buisness in Iraq” investors guide, “In 2008 the Iraqi Dinar sharply appreciated but is currently being managed at the current rate." The information is out there, but most would rather banter than do the leg work.  

8-30-2012 10urout (Response To IBN): I have spent my adult life studying, teaching, and selling investments, economics, and their strategies for 38 years. I have taken courses in analyzing the back ground of investments and their viability. My journey has taken me to research mega investments that required “wrappers” which did not allow me room for error. I have also applied these same principles to this currency and history. Sorry to say the author of this article is so off base I am embarrassed for him. This sounds like so many that have already been in print that gloss over the possibility of this event which has happened more than once in history; however, back then no Internet to allow the common man a heads up, so only the rich and connected were able to take advantage of past quiet historical events. It is apparent this author totally ignores the words from Governor Shabibi, PM Maliki, the IMF, the UN, the World Bank, the WTO, Middle East countries and their Central Banks, and many Central Banks of Europe. Even my banks know of the revaluation of the Iraqi Dinar and Vietnam Dong. The forest is on fire with this coming event, yet some cannot see a forest blaze because they are on the other side of planet earth. Sorry to have been so harsh, but I am sick and tired of individuals who do not bother to do their homework. I could have said more, I choose not to, my point is clear enough. 

8-30-2012 Puckster_Guy (Re-Bloomberg Video): All the financial big shots are talking Iraq now. Just recently these guys were saying we were wasting our time and money there. How things change, I wonder who or what is changing their tune? All the better for us....GO RV 

8-30-2012 Pat (Response to IBN): Iraqs Foreign reserves are held at the Fed in New York. You are correct that the current currency regime is pegged to the US dollar but this could be changed. Most regimes never fully follow the pegged regimes guidelines. Im expecting Iraq to back their currency with AU in the future. Iraq’s current rate is false. Why? I don’t believe the CBIs financials at all. They have been reducing the money supply and the rate does not reflect this. Hard to trust this news agency since the owners and partners work for the Gov of Iraq. Very hard to be impartial.   



BLUWOLF CHAT, 30 AUGUST

Bluwolf chat 8/30/12  3:40 p.m. edt

[bluwolf] Well gotta get back,,ty janna mobile working fine now
[cjswest] bluwolf thanks for all you bring over, much appreciated
[Agent 007] bluwolf great!!!
[bluwolf] Thou everything is air tight (which is good) no negative news about any holdups have been given,,we are in a good position and on track..
[Agent 007] bluwolf that's good to hear -    
[bluwolf] Adios now
[Agent 007] bluwolf bye bye
[pencer1] bluwolf bye
[cjswest] bluwolf thanks very much, have a great day

TERRYK CHAT, 30 AUGUST

[TERRYK CHAT] 30 August 2012 2:20 PM

[TERRYK] SORRY FOR CANCELING THE CALL AT THE LAST MIN YESTERDAY. THOUGHT IT BEST FOR THE PARTY AND STORM  [HURRICANE ISAAC]  AND I WAS SICK AS A DOG--BAD FOOD .  [IT] WAS NOT IN THE CARDS TO DO THE CALL SO I HAVE SOME NEWS BUT I CANT TELL YOU ALL.  GO FIGURE.
[Agent 007] Sorry about that. 
[TERRYK] ITS GOOD NEWS AND WE WILL BE BLESSED SOONER THAN YOU ALL KNOW.  I WILL SAY THAT
[Agent 007] Amen.
[TERRYK] I DONT HAVE A RATE  BUT I HAVE A DATE. THAT’S WHAT I HAVE BEEN SAYING SINCE LAST MONTH. RIGHT SIS?  ANY TIME BETWEEN THE 23 AND THE 1ST.

[Agent 007] Right.
[TERRYK] I LIKE THAT DATE. YEA, THAT WOULD BE A LONG WAIT IF THAT’S THE DATE BUT THAT WOULD ONLY  MAKE  SENSE WHEN THE [IRAQI] COINS COME OUT. WHY WOULD YOU HAVE COINS IF THE DINAR WAS NOT WORTH ANYTHING?
[TERRYK] [JANNA]  YOU ARE MY SIS. SO, ARE THE COINS DIFFERENT FROM THE ONES THAT WERE ALREADY OUT AT ONE TIME?  SO, WHAT ELSE IS OUT IN THE NEWS? DID I SEE BLU ON?
[TERRYK] HEY BLU. WHAT’S NEW?
[bluwolf] Well , we wait for the codes.
[TERRYK] IS IT THAT CLOSE?  TELL US BLU.
[bluwolf] It is just a phone call away.
[TERRYK] I KNOW THAT,  I JUST CALLED A GUY.  IT’S LIKE “REACH OUT AND TOUCH SOMEONE.”
[bluwolf] And we are waiting for that info as we speak.
[TERRYK] SWEET!
[TERRYK] YOU GONNA CALL  JANNA SO SHE CAN CALL ME?
[JAD] TK, can you elaborate at all?
[Agent 007] Yes.
[TERRYK] SOUNDS GOOD TO ME.
[TERRYK] HEY SIS, GOT YOUR EMAIL AND I THOUGHT THAT WAS FIXED.
[bluwolf] Everybody in the intel world will be advised.
[TERRYK] I WILL TAKE CARE OF IT THIS AFTERNOON.
[Agent 007] No, nothing changed.
[TERRYK] THAT IS ____.
[Agent 007] Agreed TK.
[TERRYK] OK, GOTTA RUN.  JUST WANTED TO STOP BY.  GOD BLESS YOU ALL. BREAK. OVER.  LATER ALL.

ENORRSTE POST, 30 AUGUST

8-30-2012 Enorrste (Response to IBN): This is sustainable because the current rate of the dinar in Iraq is artificially low. The rate was $3.50 during and prior to the Saddam Hussein regime. It was lowered intentionally by the UN in order to drive out the profitability of terrorism. I would ask this Question: In reducing the value of the dinar by 1000 times (or more, actually), why didn’t everyone flood into Iraq to invest and buy? Iraq’s economy should have boomed with everything so cheap, right? Yet that did not happen. We may therefore safely state that the premise of the poser’s question is inappropriate. The reason it is inappropriate is that the current rate is artificially low and it is NOT internationally tradable. Bottom line: investment in Iraq is currently made in DOLLARS, not dinars. End of argument. I will probably buy dinars at 1000 times the current rate because I believe that eventually (within a couple of years) the rate will reach $3.50, meaning that I will triple (plus) my investment again. This guy is ignorant! Sellers of dinars make a COMMISSION on the sale regardless of the rate. Their markup will remain the same WHATEVER the rate! Their profit is the same WHATEVER the rate! Duh! They are money exchangers. They are not in this for profit ON the rate. There are a number of people who have spoken affirmatively about the dinar as an investment.
 The poser of this question has not taken the time to find them. One was on TV last year claiming that it would be the best single investment in a lifetime (!) and he has a regular TV investment show that runs DAILY! He dropped the topic for some reason. We can only guess what it was, but I presume that he was told to “lay off” on dinar talk. Therefore we might not be surprised that there is little more among the normal investment community on this issue. I might add, incidentally, that I’ve been told that Trump has $30 million in dinars and that the Clintons have over $2 million in dinars. I have no reason to doubt this since the former was printed in USA Today over a year ago. Therefore, let’s ask the poser this question: If this is good enough for Trump, why isn’t it good enough for you?  Once again the poser is ignorant. The dinar is NOT traded on the open market, including the FOREX! Therefore, the premise of the question is false. Second, since all dinars are initially sold from the CBI, the CBI is therefore in control of supply. With a very limited market (physical dinar dealers only) it is quite easy for Shabibi to control the price. There is NO SPECULATIVE MARKET FOR THE DINAR!  I have welcomed challenges from dinar investors and have answered all who have dared to approach me on the issue. In addition, I take pride in being able to state without equivocation that we do not “bury” articles just because they appear to refute our position. In fact, we welcome ALL articles and deal with them just as we do anything else: honestly!

VIC POST, 30 AUGUST

vic1tgk] I have STATED MUCH NEEDED INFORMATION IN REGARDS TO UNITED NATIONS... MR.BAN KI MOON...DROPPED SOME HEAVY VERBAGE DOWN ON THE TOP BRASS...OF IRAN!!! WHAT THE NAM MEETING WAS SUPPOSE TO BE ...BACK-FIRED! IRAN, HAS BEEN EMBARASSED...AND NOW THE JIG...IS,UP!!! IN MY HONEST AND HUMBLE OPINION...WE ARE IN A POSITION...NEVER SEEN BEFORE IN THIS "PARTICULAR CURRENCY" . I SAW A BLACK -HAWK...FLY OVER MY HOUSE TODAY...MY YOUNDEST SON...WHOM HAS BEEN FORTUNATE TO SAY..HELLO TO HIS "UNCLE-OKIE" ASKED ME...DAD, IS THAT UNCLE OKIE! I SAID SON...WHEN UNCLE OKIE...FLIES...HE IS IN A BLACK JET!!! HE SAID...WHEN IS HE GOING TO FLY BYE... I SAID...SON HE WILL FLY BYE...VERY SOON, HOWEVER I DO NOT THINK WE WILL BE ABLE TO SEE HIM! HE SAID, WHY? I SAID... HE WILL BE UNDER THE COVER OF DARKNESS! HE SAID...IN STEALTH...MODE? I SAID...MOST PROBABLY!!! I SAID DO NOT WORRY, YOU WILL UNCLE OKIE... IN PERSON ON THE GROUND...AT THE DINNER TABLE!!! SO... THAT BEING SAID, MY SON ASKED... WILL HE BE AT MY BIRTHDAY? I SAID... I GUESS, YOU'LL HAVE TO ASK HIM YOURSELF!!! YOU THINK..

Tentative agreement on the adoption to use the 2007 draft law on oil and gas, 30 AUGUST


Tentative agreement on the adoption to use the 2007 draft law on oil and gas

08.29.2012
announced the decision of the oil and gas in the Iraqi Council of Representatives, on Wednesday, an agreement in principle between the presidencies of the Council of Ministers and the Iraqi parliament on adoption of a draft law of oil and gas for the year 2007 for approval by the House of Representatives, adding that the Kurds supported that choice.
Committee was for the Unification of projects three laws proposed oil and gas emanating from the Iraqi parliament, had held its first meeting today to discuss the selection of one of those bills. noted that there are three bills currently in the Iraqi parliament, was presented first project in 2007, but due to the failure to reach a consensus on it hung in the House of Representatives, and the second project was presented by the Commission on oil and energy parliamentary, either third project has been sent to the House of Representatives in 2011 by the Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, however, none of these projects has not received approval of Representatives so far .
According to Mohammad Qasim told the Kurdish news agency (Rn), that “there is an agreement in principle between the presidencies of the Council of Ministers and the Iraqi parliament representatives of two major blocs within the House and two a coalition and Iraqi rule of law, on adoption of the draft law of oil and gas for the year 2007 for approval by the House of Representatives, a selection thrown support the Kurds. ” Mohammed said that “That agreement would facilitate the work of the Commission for the Unification of the three bills proposed oil and gas.”
The file oil and gas, one of the main outstanding problems between the Kurdistan Regional Government, and the federal government, in the absence of a law regulating the affairs of oil and gas in Iraq. :
http://bit.ly/O5Ksn2

CHECKMATE, DAN, BOBGETZ, PAT,SWFLORIDAGUY, 4APROFIT & BOBBY POST, 30 AUGUST


8-30-2012  Intel Guru Checkmate 
 the level of this confirmation of things we're hearing today are kind of INTERESTING... I won't go into detail but to say we know the banks have been saying things for a long time and now we are hearing it from different parties and entities that are verifying it...there is a lot of movement in the last 24 hours...of things we would see if we were moving forward...I'll leave it at that...we have heard this level of stuff before all to wake up 3 or 4 days later and no one is talking...so it is a little different tonight...some of the places we are hearing are interesting.


Thursday, August 30, 2012
DAN: MICRO INTEL UPDATE :

 He wasn't going to do this kind of an update... I don't normally tell you guys these kinds of things...we normally dont beleive it but the level of this confirmation of things we're hearing today are kind of INTERESTING... I won't go into detail but to say we know the banks have been saying things for a long time and now we are hearing it from different parties and entities that are verifying it... there is a lot of movement in the last 24 hours....of things we would see if we were moving forward.... I'll leave it at that...My frustration is we have heard this level of stuff before all to wake up 3 or 4 days later and no one is talking....so it is a little different tonight...some of the places we are hearing are intersting......... END of Intel update...


[BOBGETZ6] Good Morning MIG! I have nothing to report but I do have a feeling whether it is valid or not. With the news of the coins being ready to be distributed, but on hold, the first of the month looming, I know something big is about to happen. There is much, or so I have heard, going on in the background as well as a lot of money moving around. China and other countries have purchased enormous inordinate amounts of gold over the last month or so. I believe we are in for a big change and my gut feeling is how could it not be now? This is not a prophecy of a date, just a well thought out view of my own.

8-30-2012 Pat (Response to IBN): Iraqs Foreign reserves are held at the Fed in New York. You are correct that the current currency regime is pegged to the US dollar but this could be changed. Most regimes never fully follow the pegged regimes guidelines. Im expecting Iraq to back their currency with AU in the future. Iraq’s current rate is false. Why? I don’t believe the CBIs financials at all. They have been reducing the money supply and the rate does not reflect this. Hard to trust this news agency since the owners and partners work for the Gov of Iraq. Very hard to be impartial. 

8-30-2012 SWFloridaGuy (Response To IBN):
A PEP is one of many possible scenarios.  Another option would be for the monetary policy to target a basket of basic mineral and agricultural commodities. A broad-based commodity standard and not just limited to a single commodity such as gold which would help average out fluctuations.  As Bloomberg said in the video I provided: "Iraq is a great opportunity for investment. They have a quickly growing GDP, a quickly growing market and there's a great deal of growth in Iraq and we think the market will reflect that. Iraq is in a strategic location and as American investors, we should be looking to put money and resources there. Iraq still needs work but there are many sectors where there are incredible opportunities. Iraq is working through issues with the ISX as well and making progress." This statement is from Bloomberg, so if you have issues with their findings you will have to take it up with them. DMCC (the leading commodity and currency derivatives exchange in the ME, with electronic trading accessible from anywhere in the world) just recently reported that the IQD has attracted their attention and they are looking forward to the inclusion of the IQD (along with other currencies) into the global commodities exchange market. This article of course does not reference the mechanisms by which Iraq will achieve making the IQD a more convertible currency (RI, RD, RV etc.) but the fact that the IQD (among others) is on their radar as a currency that will add more "volume and value" in trades is an encouraging sign. Overall, I think we can all agree that Iraq is a country worth investing in and while we all recognize that there is no precedence  for a 100,000% large currency appreciation "shock" at once, there is a good chance we will prosper over time.  Investors who got in early have already seen profits.  In my opinion there are far more risky financial endeavors than holding onto the IQD (I'm certainly doing far better than those holding Facebook stock).  As with any investment, we cannot prove what the future holds and if it was possible to provide such luminous evidence there would be a serious problem with the process.  This is just my opinion, which may or may not be correct. 

8-30-2012 4aprofit (Response to Iraq-Business News):
WOW!! What am I going to report back to all the long term players in all of this? Some with 2 or 3 times the gains that they've made, as per long term holdings in their Dinars, the ISX/Iraqi Stock Exchange, Warka Bank Accounts, etc. I just can't imagine how these 7 questions could scare then NOW!  It was much worse over in Iraq when a lot of these good returns were being made...and then they stuck the rate of the Dinar for the last appx. 3 years...while everything in the U.S. for the most part...has TANKED!. While Trillions of dollars in oil development & infrastructure moved into Iraq as it stabilized, as they've been rated the top growth economy in the world as per the CIA World Factbook, not to mention so much more that could'nt even be written on a few pages! From what I'm seeing here and with a lot of the media is that they tell you what is good, while it is actually bad but yet they will tell us that something is bad while it's actually been good. Until the final bell has been rung as per the finality of this thing, what's the gripe? Especially if your losing in everything else, and hey, who in their right mind would spend the time to tear down something that hasn't been proven, or YET...why not just show us your own investments that are better, that you surely must know about, as you would most certainly have to spend just as much time studying a winner, so that we can leave this and follow you to it...as per being our winner too...(IF YOU TOOK THE TIME TO WARN US...DONT NEGLECT US...GIVE UP THE PRIVATE GANGBUSTER INVESTMENT YOU HOLD). For anyone to have all of the time in the world to worry so much over this...PLEASE...WE JUST GOTTA KNOW YOUR WINNING STRATEGY SECRETS TOO, AS PER WHAT IS THE BEST OR BETTER THAN THIS. IF YOU CAN'T THEN DONT TRY TO DISCOURAGE OUR WINNINGS SO FAR...PERIOD!!! For what is worth.  P.S. There are some that actually want to buy your/our dinars back. The spread is about the same both ways, coming or going, buying or selling (I"M HOLDING..SORRY, YOU CANT HAVE MINE).

8-30-2012 Bobby (Response To Iraq-Business News):
The author is obviously Did not do much research before putting pen to paper. Iraq has always had a higher currency than the usd, more than 3x in modern times. So what happens when the US devalued their currency, did all their wealth just disappear? Of course not. And why does Dr. Shabibi expect the iqd to be a foreign currency reserve for other countries? Because the value will stay at 1166? Of course not. Why do the major powers of the world including the US hold billions, and in the US trillions, of iqd. I bet the author didn’t even bother to research how much iqd the US holds. A simple FOIA form submitted to the treasury could have provided him that information if he really wanted to present a knowledgable piece..but he didn’t. Iraq is not revaluing its currency to something it never was. They are going to reinstate their currency to the value it previously held for many many years. They are just going to be given back what was taken from them. What is most laughable is that someone would be able to write a piece for this site, and have absolutely NO CLUE that the iqd is not traded on forex because it’s international status was taken away with the imposition of sanctions. This is the kind of amateur, hack journalism that should be saved for the National Enquirer or maybe Highlights for kids. Funny how all the naysayers quote articles that are a year old and written by the GOI. I wonder why nobody quoted the articles from last WEEK that used the words revalue. Dr. Shabibi made it very clear that dinars held outside the US will be held by central banks as a reserve currency. They will be redeemed for oil credits from the CBI. How do the lopsters explain Dr. Shabibi stating that the 25 k notes will be used for large transactions between banks? Not at 1166, that’s for sure. 

CBI completes economic feasibility study of retail electronic payments system, 30 august


CBI completes economic feasibility study of retail electronic payments system

30/08/2012 02:38
BAGHDAD / Center Brief for the Iraqi Media Network – announced the CBI for completing the feasibility study the technical and economic project credit card, while stressing he was waiting completion of evaluation and development agency U.S. so they can be awarded the tender to specialized companies.
said the deputy governor of the Bank the appearance of Mohammed’s (Center Brief Network Iraqi media) that “the project divided the national and have it on each bank to put points withdraw deposit Eartat to facilitate cash handling.” and added that “this effort Mbdhul of USAID, which funded part of the assistance provided to Iraq and the project is currently have.”
and stressed that this project “the establishment of infrastructure for the payments system and will go to an international company evaluate bids.” and explained, “needs this project to a company with an electronic system to manage points banks multiple in the country.”
system credit card combines points existing banks in the country to enable customers to access their account in anywhere and anytime.
This project is also known as “the development of retail electronic payments system.”
http://bit.ly/Pu08AF

How to Improve Economy of Iraq?, 30 AUGUST

How to Improve Economy of Iraq?

Iraq, August 29, 2012


In recent past Iraq has to go through a lot of hardships and 


recovering from such a situation is quite though, though not completely impossible. This country has taken up a lot of 

initiatives and worked very hard to improve its economy. The discussion here will be upon the ways through which Iraq can improve and reconstruct its economy, like where it should invest, where it has already invested, why alteration in the currency should be made and how alteration of the Iraqi dinar will change the course of economy in this country.

As Iraq is blessed with a huge amount of oil and gas, the country has relied upon this natural resource to deal with the broken 


down economy. Measuring 85% of the total economy, needless to mention that oil has provided the boost required for the recovery of the economic condition of the country. Iraq is among the top 5 oil producing countries in the world because of the huge reserve 

and production power, but it is not always true.

Just a few years back due to the war, the economy of the country was completely devastated and the country was looking for a way out. That was the time when the production of oil reduced significantly and the income of the country went down too. With some help from the United Nations, the country is back on the track and things are turning positive for it since then. Now, the country has reached the highest point in oil production in the last 30 years. Additional production will help the economy of Iraq to get improved quite a lot.

It is true that natural resource like oil is not to be counted upon forever. There may be a lot of supplies but the demand can get reduced. With the new technologies and the source of alternative fuels, the country is in need to find another strong and stable way to support and improve the economy in the future. A lot of the oil producing countries in the Middle East has used and invested their money in other sectors as well which can support them in the future. For instance, some of the countries are investing in their tourism industry. By converting their countries into important and attractive tourist attractions they are trying to reduce the dependency on an uncertain natural resource like oil or gas. Iraq should also be looking forward for something like this. It should invest money in sectors like agriculture which will provide sustenance in future.

A few steps has been taken up by the country to stabilize the economy of the country. The government has decided to make 

adjustments in the currency. Since 2007, the government has been 
discussing about removing 3 zeros from its currency. It means that 1000 dinars of this time, will become 1 dinar in near future after the change is implemented. This is one of the most controversial issues, but till now the change is scheduled to happen in the year 2013. This change in the dinar will ensure that the country will have a stable currency and a stable economy.

Till now Iraq has worked very hard to contain order and stability within its borders, but there is still a long way to go. The path it has taken is right, but still there is a need for searching an alternative route as well. A country that relies upon the natural resources too much has an uncertain future.

MICHIGANDER CHAT, 30 AUGUST


Michigander0131 5:26 pm edt  

[michigander0131] Jubouri warns submit a request to question bank governor in the event of not resolving the Commission's work Wednesday 29/08/2012

According to a member of the Finance Committee parliamentary Haitham al-Jubouri "the importance of resolving the committee in charge of following up the files of corruption in the Central Bank of Iraq."

Jubouri said that the committee set up by the chairman of the parliament of the heads of the committees of Finance and Economic parliamentary and Prime Control Bureau is now working to make sure the files and papers that prove the existence of operations of financial corruption in the Central Bank.
  warned he would request to question the central bank governor Sinan al-Shabibi in the House of Representatives in the event of the failure of the Commission to the desired results     http://almasar.tv/news.php?action=view&id=6133

[michigander0131] and here is kapparonis responce to parliament /interogating malliki//malliki is trying to pull his stuff again and hold everthing up. ( Haitham al-Jubouri has always been a "leaker" of information.

If you look back at recent months, he is the one who in January said there was 3 phases to "delete 3 zeros" and the 1st phase was complete. etc. So IMO, this guy likes attention.

 As for his motivation in this case, it is clear to me that Maliki and Shabibi are butting heads right now in regard to this event and the timing of it.

Maliki has tried to stop it, or postpone it (was successful in April according to the SIGIR report) and now he seems to have run out of time as Shabibi is moving forward with or without his help.

So, I think this is Maliki's way of trying to stop Shabibi and he is using his "attention" seeking MP to do it. Remember, just a few months ago, Maliki referenced replacing Shabibi and got nowhere.) --

[michigander0131] whoops parliament wants to interogate shabbibi

[michigander0131] right now malliki is trying to stop this rv /he does not want it/

[michigander0131] he wants it postponed/but shabs has said that he will go on and complete it/

[michigander0131] everyone have a good night/

Deputy for the National Alliance: paper reforms would be a "magic wand" to solve the problems after the return of Talabani , 30 august

Deputy for the National Alliance: paper reforms would be a "magic wand" to solve the problems after the return of Talabani 

{Ambassador: News} MP / National Alliance / Mohammed Kazem al-Hindawi, Appl reform after the return of the President of the Republic or assign him to head the alternative national conference, adding that the paper reforms would be a "magic wand" to solve the outstanding problems.

 Hindawi said: The paper reforms introduced more than two months ago after disagreements rocked the political process and called for political blocs outside the National Alliance and the reforms made ​​the National Alliance provides that paper to resolve outstanding problems.

 He added: that the National Alliance presented the paper in the absence of President Jalal Talabani, who sponsored the negotiations and called for the national meeting, but he left the country for health reasons, pointing out that the paper will have a presence on the ground after persuading political blocs reforms and the return of Talabani or assign a representative to chair the conference National.

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Zobaie Sunday reveals names (involved corruption issues) in the Ministry of Finance, 30 august


Zobaie Sunday reveals names (involved corruption issues) in the Ministry of Finance


Baghdad / Orr News
A member of the Parliamentary Integrity Committee Talal Khudair Zobaie about to hold a press conference on Sunday, is the disclosure of the names of employees accused of administrative and financial corruption. He said that corruption cases far from the Minister of Finance, and that those involved in these cases are employees of the ministry and to varying degrees end up as director general at the ministry. He Zobaie saying: that portion of those employees working in the administration of customs, and the other in the joints of the ministry other, noting that the Integrity Commission will decisive action to prosecute those employees to convert their files to the Supreme Judicial Council to be decided in the negligence and bring them to the special courts.Confirming the presence of many witnesses and documents condemn the defendants, to receive their just punishment.

Committee economy: trade with Iran portend the collapse of the Iraqi economy, 30 august


Committee economy: trade with Iran portend the collapse of the Iraqi economy

Baghdad / Orr News
Parliamentary Economic Committee confirmed the high volume of trade exchange between Iraq and Iran to more than 10 billion dollars a year at the time of the Iranian currency has lost value in global markets threatens the collapse of the Iraqi economy.
The MP said Nahida Daini there was no country in the world economically successful or trying to build its economy through dealing with the state of global economy and warrior economic sanctions. They noted that the Economic Commission warned of any commercial deal at the moment with Iran due to economic sanctions imposed on it.
She explained that Iran is going through the same days that prevailed in Iraq in 1990 when he was punished economically and imposed restrictions on Danarh until it came to Iran now that Tomanha become worthless one does not deal. And a member of the Economic Committee showed that the countries of the world increase sanctions on Iran and Iraq raise the size of exchanges with her ​​even arrived at the current time to more than $ 10 billion annually.
Daini warned Iraq's acceptance of the invitation to deal with Iran in trade Iranian Baltoman, stressing that the Iraqi government files of Iran Jammelt in water, the economy and politics, border and fears of recurrence in this topic.
It added that Iraq's acceptance of a student who Iran means an annual loss of 10 billion dollars being can not take advantage of Altoman Iranian in all countries of the world due to economic sanctions, stressing that the Iraqi government will put itself in a tight corner if Jammelt Iran accepted the deal with Baltoman leads to necrosis of the Iraqi economy who suffers ups and downs for adoption only on oil exports.
Reported that the parliamentary economic committee will be discussed in the coming days the Iranian case to deal with Iranian Baltoman and high volume of economic exchanges with under economic sanctions imposed on it. She said the Commission will open a high-level investigation with any party in the Iraqi government deal with Iran Baltoman country either through trade land or sea or air and in every way.
Iran has called on the Iraqi government to deal with Iranian Baltoman instead of foreign currencies through trade exchange between the two countries to get rid of the weight of sanctions at the expense of the Iraqi economy.

Finance Committee calling for a timetable for the work of roof on the government to standardize the pay scale . 30 august

Finance Committee calling for a timetable for the work of roof on the government to standardize the pay scale 

BAGHDAD / Urs Tamimi
Student member of the Finance Committee secretary Hadi specify a time limit for the government to report unite him the salaries of state employees.

 Amin told Agency (UR) "students select a time limit for the work of the government on the preparation of a report unite him salaries of state employees, we want to see that she was 


able to provide him Alrwab or not."

 He explained that "the Commission that the government was unable to provide the Commission will report financial numbers in the Council Act unification of the pay scale," noting that "the Finance Committee did not receive anything from the General Secretariat of the Council of Ministers on the subject."

The government has set up a committee which shall prepare a study to consolidate peace 


salaries of state employees and an end to the phenomenon of large differences in salaries.
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MP Tahir: UN rule out intervention to resolve the political crisis .. popularly must pressure on the leaders of the blocks, 30 august

MP Tahir: UN rule out intervention to resolve the political crisis .. popularly must pressure on the leaders of the blocks

Baghdad (news) .. exclude MP / coalition in Iraq / Abdul Khader Tahir, that there will be UN intervention and international resolve outstanding problems between the political parties, he said, adding that bilateral meetings between leaders can resolve those differences. 
Tahir said in a statement (of the Agency news): The outstanding problems between the political parties are not serious to require international intervention and internationalist but there are security agreements between Iraq and the United States of America, but is not used in solving internal crises. 

He added: that the crisis will be resolved through bilateral meetings between political leaders and especially that there are dangers to come will accompany the changes that occur in the Middle East and everyone to make concessions in order to resolve the problems, noting that there were some politicians invest crisis to escalate. 

The MP for the coalition in Iraq: the lack of a solution to the current crisis is the Iraqi politicians and the people by means of pressure available such as flags, civil society organizations and popular currents.

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