,
DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, September 18, 2012

London Day One Video

TERRYK CHAT, 18 SEPT

TERRYK] IS THE ROOM STUCK
[TERRYK] WHATS GOING ON PEEPS
[TERRYK] WHAT ARE WE ALL DOING TONIGHT
[TERRYK] DONT TELL ME YOUR HERE AND PLAYING POKER
[TERRYK] I AM
[mangiabuona2] tk   its very quiet
[TERRYK] HA
[TERRYK] I GOT SOME BIG NEWS
[TERRYK] BUT IF WE DONT HAVE PEEPS
[TERRYK] OK U ALL KNOW
[mangiabuona2] lets go peeps let tk know your here
[TERRYK] I GOT THIS CHINA SOURCE RIGHT
[TERRYK] HAVE NOT HEARD FROM THEM IN MONTHS
[TERRYK] THIS CAT IS IN THE INNER CIRCLE
[TERRYK] FOR WHAT EVER THAT MEANS
[TERRYK] SO HE CALLS ME LATE LAST NIGHT
[TERRYK] AND WHISPERS
[TERRYK] TK
[TERRYK] I GOT NEWS FOR U
[TERRYK] I THINK IM DREAMING CAUSE I WAS IN BED SLEEPING
[TERRYK] WAIT FOR IT
[TERRYK] HE SAYS
[TERRYK] SO I FINALLY WAKE UP
[TERRYK] SO HE TELLS ME THIS
[TERRYK] I HANG WITH ALOT OF FAT CATS
[TERRYK] SO THIS GUY TELLS ME THE WORD ON THE STREET IS
[TERRYK] WED NIGHT IS OUR NIGHT
[TERRYK] WE SHALL SEE
[TERRYK] TREAT IT AS A RUMOR
[TERRYK] BUT A GOOD ONE
[TERRYK] THESE ARE THE DATES WE WERE TOLD LAST MONTH

Recommendations for Iraq’s accession to the World Trade Organization, 18 sept


Recommendations for Iraq’s accession to the World Trade Organization


09/19/2012 12:00 am
Held at the Ministry of Commerce meeting of the National Commission on the accession of Iraq to the World Trade Organization, headed by the Minister of Trade Khairallah Hassan Babiker and includes members from all Iraqi ministries relevant.
According to a statement from the ministry had received “Future of Iraq” copy that “has been discussed a number of items in the context of to join the World Trade Organization and achievements, has been discussing the item on file initial offer of goods has been done as the final 100% was filled with tables offer the first of the goods and all its contents, including the notes to the entry into force tariff law No. 22 of 2010. “
the statement said “The committee discussed the ratios customs ceilings that will display theme to negotiate first before member states of the World Trade Organization as a key files on a tour of negotiating third, also will be sent a first presentation of the goods after obtaining the approval of the National Committee and adopted by the official government” .
said, that “among the items discussed by the meeting the issue continue to update the legislative plan in coordination with the Legal Department of the General Secretariat of the Council of Ministers and the notice of the Committee with an update of the laws and draft laws contained in the Plan of Implementation of legislative.”
The statement noted, “The meeting went a number of recommendations guarantee them obtain the approval of the National Commission on the accession of Iraq into the World Trade Organization to send a file initial presentation of goods to the World Trade Organization and start preparing negotiating team which NEGOTIATE the file that will be formed from members of the Committee on the file first presentation of the goods and the members of the National Commission on joining. “
He , “The meeting stressed the members of the National Committee of the need for cooperation and coordination with the Ministry of Commerce in order to expedite the examination and updating of files required by the World Trade Organization with the need for coordination and cooperation between the National Committee member and the members of the sub-committees, especially with regard to the work of the Committee on file trade in services, as He also recommended the need to communicate and take advantage of the U.S. Agency for International Development (USAID) and its projects as a hand to help Iraq to join the World Trade Organization (WTO) and the creation of the required files. “
http://bit.ly/QYl59M

And an economic point of view .. Project deleting three zeros and cash transaction costs, 18 SEPT

And an economic point of view .. Project deleting three zeros and cash transaction costs

On: Wednesday 19/09/2012 07:56 am



 d. The appearance of Mohammed Saleh 

In light of economic conditions and volatile financial and inflationary pressures that has befallen our country before, and led to negative effects on the regularity of the commercial market and labor markets and production and citizens' standard of living, has generated many distortions in the structures and economic relations,

And among which was Seen block cash, many zeros, of little value, and in a manner not commensurate with the future developments in the present and future of the Iraqi economy, which requires finding a solution to these conditions and offal, and these solutions reform management system currency through restructuring and the deletion of zeros to control the flow and manage the cost of the money supply in an optimal manner.
The trading bloc cash exporting more than the 37 trillion Iraqi dinars to the various groups as reflected by the number of securities traded $ 4 billion and banknotes are the product of a long period of inflation and economic decline, rising for example index of consumer prices base 1993 from 100 to 200,000 in the midst of the year 2003, which means that the item was sold for 100 dinars became sold for 200,000 dinars ... And so on. And under such circumstances, the deterioration of the value of the currency category increased rates greater than 25 dinars to 25,000 dinars, which means that inflation is added zeros.
* Does not fit the current denominations with the current economic situation and the next.


 For example, before the outbreak of the Iraq war - Iran was the category of 25 dinars equivalent to $ 75, purchasing power parity,

 the time or the equivalent at present 300 thousand dinars. We have added inflation in the country over three decades zeros to the currency, and although it did not raise those zeros of the purchasing power of the largest class of the currency, is 25 thousand dinars, which is equal to $ 21 a day. We need today to restructure the currency. Valasfar large means large block of cash in circulation today approximately $ 30 trillion dinars, which requested the circulation of cash directly to the cost of large-counting and what it takes from the time and spatial properties and security. In the price system, is price is the value, expressed in cash, and then the cost structure and wage and salary payments and Akiem transactions, however, all became not commensurate with the country's need to cash management system, consistent with the restructuring of the real sector and price levels reached. The country needs to monetary system easy to handle and small groups and large reflect the cost of the real structure. (See details later in the margin of the page).

And notes that during the period 1990 - 2007 increased inflation index of consumer prices to 400,000%, and with a view to simplification, an item was sold for one hundred dinars before the start of the war in Kuwait in 1990 became sold for 400,000 dinars in the year 2007. Note that the value of the Iraqi dinar twice and fell sharply during the period 1990-1998 at a rate more than 99% against the U.S. dollar. The first drop was in 1990, and drop the other was in 1997, and increased by 93.2%, making grossing decline in Iraqi dinar exchange rate against the dollar by (minus 99.99%) at the end of the year 1998, and that during this period alone Inflation in the record CPI 45000%.

Taking what we learned that inflation means himself prices cash money price on goods and services (ie, how much money we need to swap package of goods and services .. Whenever increase the amount of money allocated to the swap on the package itself means that there inflation or a rise in the price of money). Noting that the value of money is inversely proportional to the price of money, and that price is the value of goods and services expressed in cash *.


(*) Social studies indicate that the average Iraqi doctor's monthly income was not worth the purchasing power in the nineties of the last century but to buy 30 eggs and 20 piece chicken baked in that month, and over the years the economic blockade. Also, a lot of workers in different institutions may quit work because monthly return does not cover transportation costs to the workplace. And do not forget how they are created distorted markets in the country bartered materials used furniture and durable goods and clothing to buy flour or sugar and fill the minimum needs of families for food. And the agricultural sector itself as a sector food producer has deteriorated mess, since the seventies of the last century because of the deterioration of the countryside and a Bria oil immersion in public office and the militarization of the country, during the period 1972-1982, for example, the average annual growth in the agricultural sector (minus 1.1%). While the rate of growth in the sector between the years 1962-1972 has reached 7.1% annually. With the show that all commodity sectors witnessed a deterioration in the growth over the years nineties especially the agriculture and industry sectors.


Today, average per capita income rose Iraqi annual gross domestic product to more than $ 5,300, after he was no more than $ 750 before the year 2003. And the average government employee income is nearly double the average per capita income of GDP and an estimated $ 10,000 annually.


Since the money is anything agreed upon the community to become a medium of exchange and a store of value and unit account, the money (legal) issued by the monetary authority under the law and with the power of discharge of the receivables, seen as a social institution Social Institution, where increasing the efficiency of the economy and its operations to move the exchange efficiently those social institution any money, and vice versa. Continuous inflation have led to higher currency of 23 billion dinars in 1991 to approximately (30) trillion dinars at the present time, and the largest category currency rise from 25 dinars to 25,000 dinars over time. Thus, drawing inflation figures of new currency traded add three zeros which increased the amount of cash operations in nominal and arranged the production costs in large quantities, accompanied operations, storage, and distribution of promised, sort and check to accompany her, and levels doubled, helped the growing operational risks associated with Operational Risk
Under price stability and optimism in Iraq Development, it became necessary to hold radical reform on the system of currency management, and that re-structure commensurate with the price structure new different and stable levels of wages and salaries, which differed significantly from the last thirty years, as well as dealing block large cash weak components so are the largest category currency is worth only U.S. $ 21 at present. Noting that the rise in gross domestic product of Iraq from $ 140 billion at year-end 2011 to more than $ 230 billion at the end of 2015, will raise the money supply exported from 37 trillion dinars to about 70 trillion dinars. And weak structure in the currency structure as mentioned above may take adds cost called the cost of cash transactions in terms of trading, whether between individuals themselves, individuals and banks within the banking system itself.


** Unto demand for the U.S. dollar (especially the category of $ 100) is an urgent need to settle the cash transactions in the domestic market beyond the control of monetary policy to the fact that market is looking at transactions into categories largest currently unavailable but embodied category U.S. currency large for easy carry and circulation to reduce the cost of Trading cash or cash transactions. So the Iraqi monetary system has become an urgent need to reform the administrative system of cash payments to be there GROUPS high purchasing power of cash in circulation, easy pregnancy and acquisitions, in order to facilitate exchanges cash for transactions or trading purposes. Noting that the imbalance in the structure or installation of the current monetary units has depth of problems (the state) which arranged undesirable effects on the effectiveness and performance of monetary policy.
In Sweden, for example, having now one of the best systems of cash payments in the world, however, the cost of cash trading of counting, transport and storage of the coin, costing the national economy accounted for 4% of the GDP of Sweden. How we compare this in a country like Iraq shall be managed so amounts cash tremendous weak structure, which adds cost cash transactions perhaps up to 8% or more of GDP, a burden borne by the individual in his dealings which took reduces the efficiency of cash as a social institution support to institutions economy including different market, as evidenced by the limited large cash transactions to pay in U.S. dollars, which means bringing other country in the currency trading to prop up cash transactions because of falling efficiency and installation of the current monetary bloc.


And raises the multiplicity of zeros on the denominations with declining purchasing power has enormous difficulties, including the difficulty of expression for the monetary value, as well as difficulties monetary operations itself and technical problems in the recording of statistical data and registration in the accounting books and changing computer systems and systems adjustments, as well as show prices figures long difficult sometimes even counters or digital devices read Asfarha in gas stations or other digital devices.


On this basis, there is a need to reform the system of cash payments through the following advantages:
First - on the horizontal plane: deleting three zeros.
- Convert 37 trillion dinars to 37 billion dollars by deleting three zeros from the current currency and replace new currency
which facilitates handling arithmetic with numbers are less numerous in terms of accounts of the federal budget, the budgets of banks and companies, as well as balancing family cash (individuals) without arranging any change or alter the monetary income or wealth for natural persons and moral, as well as the lack of impact on the contracts and obligations between natural persons and legal entities all. On this occasion, like David Hume (a pioneer of the science of economics preschool classic in his famous political debate or political debate Political Discourse, published in 1752) the impact of price levels par with a high amount of money, such as the transition from figures Romanian to Arabic numerals (which figures English now), this move does not change the basic principles of arithmetic or mathematics. High amounts of money leads to higher prices for the same without the impact on the results of the real economy.


Secondly - the vertical plane: restructuring and currency composition
- Whereas the large category of $ 25,000 dinars are alone (two-thirds of the volume of securities traded) the issuance of larger groups mean reduction of four billion banknotes currently in circulation and converted into an equal number (01.18) billion banknotes. As Stakhtzel large groups of currency nearly 80% - 90% of the total issued new categories to trading (such as 50, 100,200 new dinars).


Based on the above, the cost of cash transactions between individuals and banks and between individuals themselves natural or moral, inevitably fall in terms of the costs of counting and checking. Given the fact, that the banknotes traded eroded the average over a period of five years, which means replacing enormous mass weak structure and consequent costs typographical specifications high security is another burden borne by the issuing authority cash is a relic management system cash, generated economic downturn former became not fit and stability and the desired economic progress. In conclusion, the reasons for changing currency current express the fruit of economic stability and the success of policies CBI in maintaining stability, and of the stability of the dinar and falling inflation to the rank of one decimal and build foreign reserves support of the Iraqi dinar levels never achieved during the last thirty years, and that The cover of the Iraqi currency. Add to improve the system of cash payments and make it leave adhesion and installed in the past and actual اختلالاته economic and reconstruction on the future of economic development and real and nominal givens. So, has prepared the Iraqi Central Bank's strategy long-term viable future when there is appropriate opportunity and gradually, according to the clear instructions and regulations guiding, providing protection of the rights and interests, including fits and stage boom coming and expected economic growth, as will increase the average per capita income in the coming years to more than once, and will step steps towards economic progress, which requires a reform of the waste stages of inflation and may require some legislation in this regard.

 deputy central bank governor 


http://translate.google.com/translate?sl=ar&tl=en&u=http%3A%2F%2Falmadapaper.net%2Fnews.php%3Faction%3Dview%26id%3D72395

DINAR CHATTER, 18 SEPT


3SIntel Topic: The world suffers a lot. Not because of the violence of bad people, but because of the silence of good people! – Napoleon

[Blaino] STANDBY FOR NEWS AND INFORMATION!!!!!!!! ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: HELLO EVERYONE.... "STUFF"CCOMING DOWN.... "STUFF" COMING DOWN.... 3 MINUTES::::::::::::::

[Blaino] MORE FOLLOWS [Blaino] PANDA EXPRESS COMMUNICATES AGAIN....

[Blaino] THEY SAY THINGS "SHOULD" KICKOFF ON THURSDAY........ WE WILL ALL BE WATCHING....

Blaino] PLANET INTEL TEAM IS WORKING HARD TO CONFIRM.... BUT THAT'S A LIL DIFFICULT TO DO INSIDE PANDALAND....

 [Blaino] OBSERVATIONS:::::::::::::: SEEMS MANY OTHER SITES AND GURU'S ARE HEDGING THEIR BETS BY GETTING ONBOARD OUR RECENT ANNOUNCEMENTS.... ISN'T THAT FASCINATING! I HAVE SEEN SEVERAL ARTICLES FROM OTHER THAN THE USUAL SUSPECTS THAT APPEAR TO DISCUSS THE NEWS WE BROKE ON SATURDAY.....WATCH FOR THE BIG EMAIL THIS EVENING!
[trebor1859] target Thanks for the post. Not sure I understand it. I will look forward to the intel call tonight.

********

deb2blessed] it seems our dinar world has really changed---we used to ride the waves thru the week--hype on thursdays, quiet weekends, hope on mondays, now it seems it is all different....and since the providers are silent--well strange tos ay the least

[deb2blessed] but we all just keep on keepin' on---hanging on to hope for a better future! and there is HOPE

[Capt Ron] Everybody keep in mind today that. A) an iqd rv is a prerequisite for their release from Chapter 7 sanctions........ And B) release from Chapt 7 sanctions is NOT a prerequisite for the iqd rv.

[Capt Ron] Therefore I don't think we will get our good news from a speech at the UN, rather I think that the UN speeches releasing Iraq will reflect the knowledge that the rv has happened already.

[Ram1] Capt Ron So you don't think they will pass it in speech?

[Capt Ron] And when those UN speeches of Chap 7 release are being given, we will be at the various car dealerships not listening to TV.

[Ram1] Capt Ron So you think the speech will be a few days after it has already passed?

[Capt Ron] Ram, that might happen. But by then we will have already figured out that the banking world has rv'd the iqd!

[goin4broke] Cat-in-the-hat So I need to ask for my job back? Dangit, I hate jumping the gun. I know I'm suppose to wait for the official 3500th call of Rv by Okie. Sheesh!

[aberry] Capt Ron ch 7 is one of those things that will be agreed on behind closed doors and released at a later date

Capt Ron] I couldn't guess at the lag time between the rv and the UN formalities.

[aberry] Capt Ron do you think shabs would do this and be out of the country and not be at the cbi ?

[Capt Ron] aberry, I'm not sure. What is your view on that?

[aberry] Capt Ron i dont think he will and IF M is here in the US thats 2 of the leaders out of country

[Capt Ron] It DOES seem like at rv time, Shabs would be at the CBI under highly protective security arrangements.

[aberry] Capt Ron i just think there could be a agreement to release from 7 made but not be official till the rv takes place. shabs finishes in london wed afternoon hops a plane back to cbi and m goes back tonight so thurs is my thinking at the earliest

[Capt Ron] Good logic, good post aberry.

[aberry] Capt Ron well its logic and we are dealing with you know who so throw it out the window

[Capt Ron] yep. But 'pride of ownership' is a universal trait, and I agree that Shabs would WANT to be at the CBI for the release/execution.

[aberry] Capt Ron if it was me i would .......be the hero in iraqs peeps eyes go on tv and say look what i did for you

[Capt Ron] Would it also not be logical to expect to see all 3 Iraqi political leaders on the same stage when this is announced?

[aberry] Capt Ron i would think so M, S , T, B all together smiling have to the crowd oh what a kodak moment lol

********

[chrivers] NuffSaid don't listen to the crap about low rates... I think Hammerman is on the right track with the IMF and UST rate... :) jmho

[captaincaveman ] Anybody wanna know the date and rate?

[1biz4u] captaincaveman sure, you know it?

[captaincaveman ] 1biz4u yep. The date is September18,2012 and the rate is 1166:1 roflmao

[chrivers] 9.77 but I think even higher

[2012jesus] i been hearing from 3.70 up to over 20.00 pick one

[2012jesus] the rate will be 20.00 we hope and pray ,,

[craneman] 2012jesus 20.00:superlachen:

[chrivers] 2012jesus Ha!! lol U def think BIG, but it's all good!! lol

 [WCW] That s right low rates are of the ? High rates are coming high rates are coming

[NuffSaid] Is it confirmed Maliki is in NY for the UN meetings?

 [chrivers] 2012jesus ok, 12.00 :)

[captaincaveman ] 2012Jesus I'll take 20.00 rate since I get to pick lol

[2012jesus] flip a coin low or high rate

[captaincaveman ] I like the 42.00 rate that was once rumored

[WCW] Ya ll will be shocked and will need 911 when this is over hehehe

[chrivers] WCW Hope U know what U r talking about, sweets!!!! For ALL our sakes!!

[chrivers] captaincaveman yeah, I'll fall out of this chair if someone announces 42 as the rate!!! lol

[jetpack] If it comes out at $3.50-$5 feel blessed and get out IMHO :)

[Tenizen] jetpack I'm a gambler. If that is the market rate, I'm going to cash out a bit and wait.

[1biz4u] jetpack just tell us its coming today!

[jetpack] 1biz4u wish I could.  keep faith,  soon I think

[dilmus123] i hope that i can remember all that said a dime when it's over

[childofgod] WCW - I'm sure all will be shocked at the rate!

[childofgod] WCW This week looks good, no?

[Maryrose] WCW I am still trying to wrap my head around the fact that 1. I was told about this investment and 2. It made sense so we bought into it 3. that we could become very wealthy .

[chrivers] WCW I agree, soI won't be shocked if it's 12.00, but higher than 14.00, I will need CPR !!

[childofgod] Any word about the UN meeting?

[NuffSaid] childofgod there is no news on the UN website, however it may still be too early for the news to post on the UN site

[chrivers] Maryrose I know it's an awesome blessing from God, and still don't know why he picked me, except his word says the first shall be last, and the last shall be first, and I am the Head and not the tail, above and not beneath!!! Amen

weneedit] Last year at this time at the UN meeting what goals did they put on Iraq to accomplish and did they accomplish those goals ?

[NuffSaid] weneedit from what I remember it was mostly to fix the situation with Kuwait.

[weneedit] NuffSaid was it the boundaries and also the missing civilians ?

[NuffSaid] weneedit I believe so 

DINAR GURUS UPDATE, 18 SEPT

9-18-2012  Newshound Guru Doc   We find it incredibly interesting that the news is beginning to indicate a "free" float for the new currency.  It is also indicating that the initial rate could be somewhat less than 1 to 1.  While we find this interesting we need to point out this has not been stated by anyone in the CBI so we consider it as speculation to this point.  What we find as interesting is this does fit the model we have been postulating for several years now.  A lower rate with appreciation toward $1 over time allows Iraq and the CBI a much more favorable economic position.    [post 2 of 3....stay tuned]

9-18-2012  Newshound Guru Doc  As predicted we enter the economic summit in London without the RV in place.  This was easy to predict since Iraq has not put into place those key items to trigger currency reform.  However, the news out of Iraq continues to be very positive concerning those items Shabibi has repeatedly said he needed to see before currency reform.  The seating of a Defense Minister and passage of HCl appear to be very close.  This would go a long way to a fully seat stable GOI and the "business" of oil being resolved.  As we cautioned previously we have been "close" in the past according to the media only to be disappointed in reality. We are continuing to watch for concrete factual proof these items are not only in place but being executed by the GOI.  [post 1 of 3....stay tuned]

9-18-2012  Intel Guru Hammerman    WELL, SHABIBI IS IN LONDON AND SOME OTHERS (MALIKI) ARE HERE IN THE USA, TALABANI IS BACK AND WELL PLACED.  I BELIEVE LAST MINISTER WILL BE OUT PUBLIC TODAY.  HEARING THEY MAY FINALLY PUT NATIONAL MEETING OUT TO PUBLIC EVEN THOUGH ITS BEEN DONE.  A lot of tier movement in a positive manor...still hearing nothing of a floating rate, imo, it won’t be.  VND looking even hotter..new intel says it will go [with] the dinar and could be over 60 centskey words - could be.  There are major floods in Asia and they need this RV now and China is pushing harder than ever. I can’t find any negative out there once again...it really looks good for this month, all we can do is wait.  This all great great intel coming in...let’s hope it is all true...we are at the end.

9-18-2012  Newshound Guru Med    WE SAW JUST LAST WEEK HOW ALL WAS GOING FORWARD AND I THINK I AM RIGHT THAT THIS WILL NOT COME OUT OF THE GATE AT ONE TO ONE.  SHABS GOAL IS TO GET ONE TO ONE  BUT IT APPEARS THEY THINK IT WILL TAKE UP TO 2 YRS.  SO WE WILL BE LOOKING AT SOMETHING UNDER .50 CENTS TO BEGIN WITH.    BUT YOU DONT HAVE TO CASH IN, YOU CAN HOLD IT.  THAT IS MY TAKE AND MY OPINION.

9-18-2012  Newshound Guru Mailman17   THEY HAVE BEEN IMPOVERISHED FOR 30 PLUS YEARS, ANY RATE OVER A DIME TO THEM IS A GODSEND.   THEN, LIKE THE GCC SUGGESTED AND MOST LIKELY THESE LARGE BILLS WILL ALREADY BE TURNED IN THEY CAN FLOAT AND REAL QUICK...UP TO A BUCK AND REMAIN STABLE ALONGSIDE THE REST OF THE GCC GIVE OR TAKE A PENNY HERE.  THEN  DOWN THE ROAD LIKE THEY HAVE ALREADY STATED... LET THE MARKET TAKE OVER AND DRIVE THEM TO 3 OR BETER ALONGSIDE KUWAIT.  BY THAT TIME THEY SHOULD BE STABLE ENOUGH TO MAINTAIN IT AND LORD KNOWS THEY HAVE THE RESOURCES...THATS MY TAKE ON IT... STAY FOCUSED...WE TRULY ARE ALMOST THERE.    [post 2 of 2]

9-18-2012  Newshound Guru Mailman17    AS FAR AS THEM COMING OUT AT 10, 20 OR 30 CENTS, WE KNOW SHABS AND THE GOI DO NOT NEED MILLIONAIRES WALKING THE STREETS, ESPECIALLY 30 MILLION OF THEM.  BUT I FEEL THEY COULD BE COMFORTABLE WITH PEOPLE HAVING ENOUGH TO AT LEAST START A BUSINESS OR HAVE A DECENT BANK ACCOUNT.  THATS WHAT 10 CENTS OR A LITTLE BETTER WOULD ACCOMPLISH AND WITH THAT RATE  MOST WOULD HAVE TO TURN IN THE 3 ZEROED NOTES, DEFINITELY THE 5, 10 AND 25 THOUSAND AS THEY PROVE USELESS. [post 1 of 2....stay tuned]

9-18-2012  Newshound/Intel Guru BGG   Article:  "PUK [Patriotic Union of Kurdistan]: Talabani, Maliki meets tomorrow in Sulaymaniyah"   I guess Maliki put off his trip to the UN meetings in NY. I can’t blame him. I would be a little worried if I were him too – him leaving and Talibani coming back. Whatever they do while he was out could not be good for him.

9-18-2012  Intel Guru Hammerman   I can't find from any of my contacts where this will be a free float.  I heard this will be  abstract, abnormal, not  like any other revaluation you have ever seen.  People will control it under their rules and guidelines.  The rate I was told will be $3.00 to $5.00, it dropped a little, closer to $3.77 is what I was told.   UST & IMF people are telling me $9.77, after the meeting in London.  Federal judges have confirmed in the $9 range, I believe this is planted info, to throw us off.  I have been told that the rate is showing live and tradable at $3.77 in some ME countries for 3 days, this is unconfirmed at this time. Most of the people that I have talked to with intel say we won't get out of the month without an RV, 80% of these people say we won't get to next Monday without an RV.  Still hearing the VD will be $.23 to $.35.  Everything is sounding very positive.  [post 2 of 2]

9-18-2012  Intel Guru Hammerman   Everything is looking really, really good in dinar land.  The London meeting kicked off today and will get rolling on the 19th.  There were major movements in banks around the world.  Best I can see Talabani came back on Sunday morning and looks like the Defense Minister is picked...it's rumor that all this took place.  Saturday night they tried to push the RV through but some countries did not have enough gold, if this was to go to asset backed, I say if because this is still rumor about going to asset backed.  I have 8 solid confirmations that they tried to push this through twice on Sunday.  They had some serious technical  issues in some countries, one was the USA.  I think we really have a chance of an RV on the 19th or 20th if they can get some of these technical issues taken care of.  Heard that was planned and plotted because they really don't intend to do it until after the London meeting.  I only repeat what I have been told.  [post 1 of 2....stay tuned]

9-18-2012  Intel Guru BWM     ppl [people] are looking at the next couple of days for things to happen...something to consider timing-wise...just something to think about...if Maliki is in New York, and Shabibi is in london and Talabini is back in Iraq...what combination of "those" need to be in iraq when this happens...I don't believe that Iraq needs to "do" anything but I do feel like there will be a certain combination of leadership that wants to be there when it happens in their country...logically you'd think that at least Shabibi would want to be there when the CBI kicked over.

MAILMAN & ALBUNDY POST, 18 SEPT

9-18-2012  Newshound Guru Mailman17:AS FAR AS THEM COMING OUT AT 10, 20 OR 30 CENTS, WE KNOW SHABS AND THE GOI DO NOT NEED MILLIONAIRES WALKING THE STREETS, ESPECIALLY 30 MILLION OF THEM.  BUT I FEEL THEY COULD BE COMFORTABLE WITH PEOPLE HAVING ENOUGH TO AT LEAST START A BUSINESS OR HAVE A DECENT BANK ACCOUNT.  THATS WHAT 10 CENTS OR A LITTLE BETTER WOULD ACCOMPLISH AND WITH THAT RATE  MOST WOULD HAVE TO TURN IN THE 3 ZEROED NOTES, DEFINITELY THE 5, 10 AND 25 THOUSAND AS THEY PROVE USELESS.

9-18-2012 ALBUNDY: Wow folks. I get this important information about what delarue company have done from year 2003 - 2012. As we all see in 2003, De La Rue confirms that it is in discussions to assist in the production of banknotes for Iraq. That means that Iraq already printed the first banknotes in 2003 (that is what we have and hold now as current banknotes )through the delarue company. And, then from 2004 – 2012, delarue company have not announced until now that Iraq want to print a new banknote as we all hear that Iraq wants to RD their currency. That means Iraq has not intended to RD their currency ( remove 3 Zero/ LOP ) and GOI just talk and talk to scare away all dinar investor, like us, and doesn’t have any intention to RD at all ( this is what we all want it very badly). And, this is a good news for all of us as dinar investor and the more we all hear that GOI wants to RD very often, the closest we are to the RV.

TERRYK CHAT, 18 SEPT

 [TERRYK] OK ALL HERE IS THE NEWS FROM MY SOURCE TONIGHT

[TERRYK] SURE THEY ARE

[JACQUE47] tina give to amaddan for the charity

[tina] she needs it to pay for the lil red corvette

[TERRYK] WELL AT 3.86 A 50 DINAR NOTE WILL PAY FOR THE GlASS

[TERRYK] SO I WAS ASSURED THAT WE WOULD SEE THE RV THIS WEEK

[TERRYK] WED LOOKS SOLID AND WE ARE TO CASH IN THURSDAY

[TERRYK] ACCORDING TO SOURCE

[TERRYK] TREAT AS RUMOR

KAPERONI CALL WITH CONFIRMATIONS, 18 SEPT

Announced a short time ago and closely the implementation of the decision to delete the three zeros from the Iraqi currency, and that the project will be launched early next year and will continue for two to three years. , 18 sept


Announced a short time ago and closely the implementation of the decision to delete the three zeros from the Iraqi currency, and that the project will be launched early next year and will continue for two to three years.
Tuesday - 18 September 2012

Daylight / Economic Section announced a short time ago near the implementation of the decision to delete the three zeros from the Iraqi currency, and that the project will be launched early next year and will continue for two to three years.


He then appeared other comments announces lingered government to the implementation of this resolution and postponed to another date .. So is the project will remain a dead letter, as described by the Deputy Director of the Central Bank of the appearance of Mohammed Saleh? .... And received the decision to delete the zeros from the Iraqi currency a lot of opinions pro and con, there Economists believe that the decision will lead to the collapse of the national currency and see some last he would return to the country benefit the country It is unfortunate patient in its implementation because it is a joint venture between the government and the central bank.


 As long as the government seeks to postponed due to security concerns, it can not be implemented in this year or the year after that - according to deputy director of the Central Bank - 
Timing is very important in this case is also implemented, they must coincide with the beginning of the fiscal year, so you will not find space for implementation inevitably through this year .
. and regrets for the postponement of the project because it is economic benefit to the country as long as improve the efficiency of the currency and reduce the impact of large numbers, then dealing with cash needs into categories cash large and small, as will be dealt again categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to the categories of less than dinar (such as half a dinar) and (quarter of a dinar) and (50 fils) and (25 fils). 


which is confirmed by financial and economic expert at the Central Bank Majid picture that sees no difficulty in implementing the decision because it will help in process to reduce trading volume of currency in transactions large and will lead to fee pricing policy more accurate in the future as long as it will be dealing thousands and millions rather than billions, as well as its role in the detection of fraud earlier because the central bank will impose on banks to use modern techniques very to detect fraud. adds, "and the techniques that will be used in the printing of the new currency will be difficult to penetrate, but if behind that organized gangs or backed by the state because the specifications minutes and styles to be established by the central bank will be very strict. 

"On the other hand warns economist Tawfiq inhibitor of the collapse of the national currency in the case of the application of the decision to delete the zeros The three of them, pointing to the need to prolong the period of the currency exchange and not withdrawn the old currency and launch new direct, but doing so together in order not to cause harm to the economy or any direct impact on the living conditions of the citizens. Elsewhere sees inhibitor that process counterfeit currency is another reason its collapse and therefore warns that happens, especially as there are great bands and mafias currency capable of forging greater currency in Iraq. 

seen most citizens to decision deleting three zeros from the national currency look apprehension after accustomed pockets to carry the bank notes and large accustomed stakeholders were dealing with hundreds of millions . believes businessman Saleh weighted to delete the zeros will hurt the level of share trading in the Iraqi market for securities, because there are shares lost in case of deletion of zeros. works weighted in stock since 2005 and increased his passion for them when evolved using screens electronic, but does not hide his fear failure of dealing with them, especially since foreign bourse fall leads to block the signing of agreements with foreign investment companies, which believes that the change of currency will reduce profits. In response to these concerns, stresses, deputy director of the Central Bank, "the power of the Iraqi dinar, which became like a hard currency thanks to the policy of the central bank in control of the cash raised in the domestic market." He pointed to the existence of a large cash reserve of hard currency is kept to face the difficult circumstances that may occur in the country gives the strength of the dinar against foreign currencies. The central bank's policy is aimed - according to the benefit - to the stability of the exchange rate of the dinar against the U.S. dollar, likely equal to the price of the Iraqi dinar against the U.S. dollar during the next two years after the implementation of the project to delete three zeros from the Iraqi currency. 

http://translate.google.com/translate?sl=ar&tl=en&u=http%3A%2F%2Fwww.al-nhar.com%2Findex.php%3Faa%3Dnews%26id22%3D10063

Economist highlights feasibility of crossing out zeros from Iraqi currency, 18 sept

Economist highlights feasibility of crossing out zeros from Iraqi currency
Monday, 17 September 2012 23:38 


Baghdad (AIN) -The economist, Basim Jameel, criticized the officials who used to attribute the delay in implementing the process of deleting out zeros from the Iraqi currency to the "unstable security and economy situations."

Jameel stated to AIN "Everything in Iraq is subject to the resolutions and moods of the politicians," noting that "There is an item in the law of the Central Bank of Iraq that authorizes it to print and change the currency."

He continued saying "The deletion of zeros from the Iraqi currency is very suitable in this stage because it helps in eliminating the inflation caused by the huge amounts of currency notes in the Iraqi markets, besides it helps to ease the calculation process for currency notes."

He assured that "This step will not affect the purchasing power of the Iraqi currency."

"Adopting this step will be of great benefit for the foreign investors and the Iraqi Dinar to use it instead of the US Dollar which will positively affect the governmental banks," the economic expert assured.


The Council of Ministers has decided in its session of last April, 10th to postpone implementing the process of crossing out zeros from the national currency till further notice. 

http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=18717:economist-highlights-feasibility-of-crossing-out-zeros-from-iraqi-currency&catid=37:economy&Itemid=41

Iraq Finance Committee and IMF officials discuss fluctuating currency auction and exchange rate, 17 sept


Iraq Finance Committee and IMF officials discuss fluctuating currency auction and exchange rate

17/09/2012 12:00 am
BAGHDAD / future Iraqi
searched Parliamentary Finance Committee chaired by MP Haider al-Abadi and in the presence of members of the economic and investment commission with a delegation from the International Monetary Fund volatility winning the auction Iraqi currency and exchange rate and balance of 2013.
According to a statement of the Council received agency news copy last Saturday: that during the meeting discuss ways exist to stop oscillation winning in the exchange rate in the auction Iraqi currency and keep the price stable currency compared at the dollar, as well as discuss the process of smuggling money and how to combat it and the possibility of the Iraqi Central Bank to bridge the local market need of the currency and the federal budget for 2013.
For his part, Delegation IMF ready for their assistance in resolving these matters and strive to keep up with the work of the Central Bank of Iraq and its support in the work to maintain the Iraqi currency and the exchange rate to serve the citizen and the prosperity of the Iraqi economy
http://bit.ly/UjVuJP