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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, October 1, 2012

STILL WAITING FOR CALL, IM PRETTY EXCITED AND NOT DRUNK, 1 OCT


[TERRYK] HEY ALL NO NEW NEWS
[TERRYK] STILL WAITING FOR CALL
[TERRYK] IM PRETTY EXCITED
[TERRYK] AND NOT DRUNK
[michigander0131] tk   not really i think cbi is waiting to see what plays out with infrastructure law and amnesty law shabbibi would really like to see malliki not be able to get full reign on the money that the rv will bring but thats my take on it
[TERRYK] HHHHMMMM
[TERRYK] SO THE COUNTRY PEOPLE SUFFER BECAUSE HE DOES NOT WANT ONE MAN TO HAVE THE GLORY
[ateam] Since the CBI is "Privately Owned" like the Fed Reserve Bank here in USA, the powers that be have not or do not plan to make a change yet...
[TERRYK] ATEAM U KNOW WHO OWNS CBI
[TERRYK] DONT U
[ateam] The same owners of the CBI and the Federal Reserve bank are the giant banking cartel headed by a figure head Bernake
[ateam] yes
[TERRYK] LITTLE LOWER ON THE POLE
[TERRYK] NOT BERNAKE
[TERRYK] WELL YES
[ateam] as is the first Privately owned bank in Lybia
[TERRYK] BUT NO
[ateam] Libya
[ateam] Bernake is a chairman of the board, he's the FIGURE head

[TERRYK] THATS CORRECT[TERRYK] WHAT US BANK HAS CONTROLING INTREAST 
[TERRYK] DO U KNOW

[stevhens777]  tk  May i ask a question? How can people in one part of the country cash out and yet still go on and order more dinar at the same old price?
[wealthpoint] JP MOrgan
[TERRYK] NOT MANY KNOW THIS
[TERRYK] NOPE
[ateam] And while the Rebels had enough time to fight Libya, they suddenly also had enough time to OPEN the first Central bank of Libya
[TERRYK] THEY CANT STEVHENS
[ateam] how convenient
[TERRYK] ITS IN THE AGREEMENT
[jsimmons] BOA
[TERRYK] SO I TOLD
[ateam] It's international banks
[michigander0131] and i believe that shabbib would rather let them wait a little longer than let him reall make them suffer if he gets full power of the money look at what he has done since he was put into power //absolutley nothing
[TERRYK] SO IS IT CHASE
[ateam] Much older than any here
[TERRYK] OR CITI
[iamsoready] wf
[TERRYK] NOPE
[TERRYK] DO SOME CHECKING ALL
[TERRYK] CHASE 
[jsimmons] The vatican bank
[TERRYK] CITI
[TERRYK] CHASE
[TERRYK] CITI
[TERRYK] CHASE
[ateam] The international banking cartel built the Fed reserve in 1910 wtih the Meeting on Jeckyl Island and by 1913 Had their stooge Woodrow Wilson pass the Federal Reserve ACT of 1913
[TERRYK] CHASE
[cjswest]    thanks for the dinar you gave away for the    contest 
[TERRYK] AH YOU READ THE BOOK
[TERRYK] IM PROUD OF YOU
[TERRYK] WELL I WILL SAY THIS ATEAM
[TERRYK] THIS TIME ITS NOT THAT CLEAN
[TERRYK] ITS BEING CONTROLED BY THE UST AND OUR PRESIDENT
[ateam] not Shabibi, he's a talking head as is Bernake for the board of directors
[TERRYK] WHAT I WAS TOLD TODAY BACKED WHAT I BEEN SAYING FOR OVER A YEAR
[ateam] Deeper than that    
[TERRYK] THIS IS A POLITICAL
[cjswest] federal reserve bank?
[TERRYK] STAGE
[ateam] Deeper and more behind the scenesTERRYK 
[TERRYK] TO HAVE THE PROTICAL CHILD WIN AGAIN
[ateam] the UST is a puppet as is the president of the real power
[TERRYK] OH I KNOW ATEAM
[TERRYK] I KNOW WHERE IT STEMS FROM
[michigander0131]    so if it doesnt happen by nov then what
[TERRYK] BUT IM NOT ABLE TO SAY
[ateam] The real power will never be shown and you're not going to hear CLUES from the talking heads
[TERRYK] BUT IF YOU WANT TO GET INTO THE LIME LIGHT REAL FAST GO AHEAD
[ateam] Who really knows when the Powers that Be will do anything....it's not about reseting the worlds currencies
[ateam] that goes against the PLAN
[TERRYK] ITS A GROUP THAT IS NOT TO BE IN EXISTANCE ANY LONGER
[TERRYK] A GROUP THAT HAS KT IN IT

[TERRYK] THATS ALL I WILL SAY
[TERRYK] I HAVE TO PLAN AS IF IT DOES NOT HAPPEN NOW DONT I
[TERRYK] IM NOT A PERSON TO WAIT TILL THE LAST MIN
[TERRYK] UNLIKE SOME
[stevhens777]   tk who exactly would be cashing in people in reno?
[TERRYK] WHO KNOWS

CBI wants the trading across the board, 1 OCT



Expert: the exchange rate of the dinar against the dollar will fall more in the coming days by the actions of the Central Bank of effective
30.9.2012 | (Voice of Iraq)
Baghdad (news) Chief Economist Majid picture, that the U.S. dollar in freefall and Sesawe Iraqi dinar exchange rate in the next few days, praising measures the central bank “successful” to reduce the dinar exchange rate against the dollar. said Suri (of the Agency news) today Sunday: One of the important factors for the high exchange rate of the dollar against the dinar in the summer months the past is the high demand and tight supply and exploitation of banking companies for citizens to raise the price of the dollar, prompting the central bank to increase supply in the currency auction. added: that the success of actions the central bank to reduce dollar against the dinar would make dollar equals Iraqi dinar per the next few days. confirmed the picture: the decline of the dollar was limited only to demand cash and not remittances, noting that the transfer obtained by the merchant through banks and banking companies circulated at the official rate, The cash demand by citizens through banking offices fell to its dependence on the supply and demand factor.
http://www.sotaliraq.com/mobile-news.php?id=72841#ixzz27wuhAqCc
[Shredd] grashopa i like his comments and agree the whole reference to the price/exchange rate could simply be referring to the target of getting back to a true 1166
[Shredd] because it hasn’t been for a while
[Shredd] the article that I commented on had language that seemed to talk about much more
[Shredd] than the one we saw a few days earlier about the auctions
[Shredd] so, we’ll see
[Shredd] but the cbi wants the trading across the board
[Shredd] to be consistant
[Shredd] they’ve made that clear
[Shredd] so, we may see a “success” article soon that trading is back to 1166 and they are all happy
[Shredd] while we roll our eyes
[grashopa] but…….if they did go to 1-1………….that would insure equal trading……….right?
[Shredd] it will still be a managed float, so not necessarily
[Shredd] see, and that’s why I commented beyond the point of auctions
[Shredd] i mean if any of you have travelled abroad
[Shredd] you may know that when you want to exchange money
[Shredd] you may get a different rate
[Shredd] depending on who you cash in with
[Shredd] this is normal
[Shredd] so, why the big focus for the CBI if their target is to simply return to 1166 in the auctions
[Shredd] not sure
[Shredd] i think it is more than that
[Shredd] reform
[Shredd] get the procedures down
[Shredd] consistent
[Shredd] which sets the stage for a more stable platform
[Shredd] for the changes we are all looking for
[Shredd] whether managed or free
[Shredd] imo, shabbs wants to know that when this rate changes
[Shredd] it’s not gonna be all over the place
[Shredd] you know?
[Shredd] don’t want to shake confidence right out of the box
[Shredd] and this consistency is not for the merchants imo
[Shredd] it’s bank to bank, maybe traders too
[Shredd] that’s a shoe that fits imo
[Shredd] hope that makes sense
[Shredd] over here in the US
[Shredd] you see this consistency
[Shredd] when our FX desk trades
[Shredd] we have three levels
[Shredd] the real rate
[Shredd] the quib rate (qualified institutional buyer)
[Shredd] and the street rate
[Shredd] i called them and discussed a while back
[Shredd] very structured while back
[Shredd] shabbs is the boss when it comes to banking compliance for his country
[grashopa] it does…………..but what about the” single window ” they spoke of before?…………and that all exchange would be through the CBI…ONLY
[Shredd] so, to me, all the auction articles about lowering the trading rate points to that
Shredd] well, the word “window”
[Shredd] in banking
[Shredd] refers to the trading window
[Shredd] which again verifies my thinking (two cents worth, i know )
[Shredd] so, trading
[Shredd] simply means the auctions
[Shredd] and his target to return to a consistent 1166
[Shredd] reform this sucker
[Shredd] so when we see movement
[Shredd] either managed or free, it will act as expected
[Shredd] that Majid economist seem to be talking about more than the trading imo
[Shredd] 1. “high demand and tight supply” – although this can affect the auctions, the cash being traded in the auctions is cyclical….supply and demand is more powerful when in the context of daily transactional use….citizens, businesses and daily banking (which we see mentioned later in this article!).
[Shredd] 2. “the success of actions the central bank to reduce dollar against the dinar would make dollar equals Iraqi dinar per the next few days.” – ah, there it is again…the wonderful word “equals”!! …..and even better, it says in the next few days. Now, I know, I know….we’ve seen that phrasing before….but look back in history….I know that at least in a few cases, when that phrase was used, that was the intent, but then unexpected delays happened.
[Shredd] 3. “The cash demand by citizens through banking offices fell to its dependence on the supply and demand factor.” – I had to read this line a few times but to me, this is saying that the demand by the citizens of the dollar to take care of their daily needs has now come to a point that it is collapsing because of the successful work of the central bank to dry it up on the streets. Read that line over and over and see if that makes sense
http://www.sotaliraq.com/mobile-news.php?id=72841#ixzz27wuhAqCc
[Shredd] USD is drying up
[Shredd] IQD is in poor condition
[Shredd] the M2 lower denoms are ready at the gate
[grashopa] so……you are saying….a currency vacuum?
[Shredd] grashopa a necessary step and a brilliant one by shabbs
[dezertheat] Shredd so what would be the next step?
[campdav] Shredd] the M2 lower denoms are ready at the gate
[tobyboy1] Shredd The dollar sales been down recently also
[Shredd] dezertheat well, imho, the auction reform is getting a lot of focus right?
[dezertheat] right
[Shredd] remember the auctions go away when the dinar is internationally traded
[Shredd] nobody is talking about that fact
[campdav] Remember the arts that the Auctions would be done July 1
[grashopa] …….so….IYO……when this does RV…or, or …… will the auctions stop………or reverse, to selling dinar instead of usd
[Shredd] so, why all the focus on stability in the auctions if the dinar is going to be internationally traded soon?
[campdav] Good Q
[Shredd] no, when the auctions stop, the CBI will make their money like other banks do
[Shredd] net interest income on ivesting cash balances
[Shredd] inter-bank
[Shredd] short term investment funds
[Shredd] that’s how all banks “make money
[Shredd] investing all our balances
[Shredd] every day
[Shredd] but they can only do that
[Shredd] once the dinar is internationally recognized
[Shredd] we do this at my bank
[Shredd] every day
[Shredd] STIF = short term investment funds
[Shredd] liquidation funds in other word
[Shredd] that’s why your bank has a “cutoff” in the afternnon
[Shredd] because they sweep those funds and invest them
[Shredd] cbi can’t do that now
[Shredd] not that they don’t want to
[Shredd] the recipient banks can’t do it
[grashopa] so….what I’m getting from this is…………..just go to 1-1 ….and all the auction spread variences will go away…….immediatly, with the auctions going away…..
[campdav] Shredd they can’t do it until the artifical program rate is removed
[Shredd] sort of…..either reform the auctions or continue managing the float (1-1 or otherwise)
[Shredd] go to a free float, have an internationally recognized dinar
[Shredd] campdav correct
[lightingcslt] Shredd sounds good to me do it
[Shredd] a while ago, i posted a discussion on “will iraq be on the forex”
[Shredd] and in there, i added a list of the countries not on it
[Shredd] those countries are the ones we don’t do intra-bank trading for STIFs
[Shredd] kind of a simple thing
[Shredd] and if you think about it
[Shredd] it makes sense, right?
[Shredd] can you see a multi-billion dollar bank
[Shredd] trading cash at an instable an inconsistent rate?
[Shredd] heck no
[Shredd] that’s why the CBI has been getting some glares
[Shredd] “c’mon shabbs, regulate the auctions across the board”
[Shredd] so, again,
[Shredd] in my most humble opinion
[Shredd] from reading all this and learning here
[Shredd] a continued managed float
[Shredd] makes more sense
[tobyboy1] Shredd So why is HSBC considering pulling out they internatonal Bank?
[Shredd] tobyboy1 well, we saw articles both ways on that
[tobyboy1] Shredd then not sure if they pull out
[Shredd] i have not seen any news for a while on them
[dezertheat] Shredd is the IMF is the only one who can remove the artifical rate?
[Shredd] i’ll defer to bondlady on that one but i believe only the CBI can. IMF advises.
[dezertheat] oh ok
[Shredd] I’ve been chewing on this for awhile
[Shredd] so, I hope I’m not too confusing!
[Shredd] you know guys
[Shredd] in a nutshell
[Shredd] we win either way
[Shredd] right?
[Shredd] managed or free
[Shredd] if managed,
[Shredd] we have a ton of aritcles pointing to a buck
[Shredd] next budget will not have 000
[Shredd] amazing
[Shredd] dinar will be replaced in the next two months article
[Shredd] and if free float
[Shredd] like we’ve said
[Shredd] it will be awesome to see that horse run
[grashopa] what put a sense of urgency on this to me, is the currency vacuum going on right now
[Shredd] the market will eat it up
[dezertheat] grashopa yes i agree
[Shredd] grashopa you are spot on
[Shredd] so true gras
[Shredd] and that is not opinion
[Shredd] that is fact
[Shredd] supply
[Shredd] and
[Shredd] demand
[Shredd] like the economist Majid said
[campdav] Love that supply/demand ratio
[Shredd] we win either way
[lightingcslt] yes supply very short right now
[Shredd] right lighters
[campdav] Oh lordy let it float baby
[DDF] Yay Shredd and thank you….gotta love BL’s corner
[Shredd] i’m gonna wait and see
[Shredd] just like any good investor
[Shredd] study now
[Shredd] watch for trends
[Shredd] like bondlady has been teaching us all along
[Shredd] and then make an educated decision on when to pull the trigger
[danatisgi] Shredd could you tell me what “M2″ refers to…mental blank here !!
[Shredd] danatisgi the printing from 2003
[danatisgi] Shredd thanks !!
[lightingcslt] Shredd now we are in m3 arent we?
[lightingcslt] or just about
[Shredd] would be nice to see proof of printing, that’s for sure
[lightingcslt] Shredd lds?
[sisterbreen] and fils
[Shredd] yup
[lightingcslt] Shredd imo they must have them shabbs wouldn’t be stupid enough to pull the supply off the streets without having back up
[Shredd] right
[lightingcslt] just don’t have the new ones with kurds printing on them
[Shredd] right
[lightingcslt] folks we are just about there
[grashopa] well…………………today is the beginning of Q4
[ladydk] lightingcslt so do you think the printing is done?
[lightingcslt] ladydk not with the kurds language on them imo
[laura] That’s what I love about this site. You all are postive, yet informed and realistic…. thanks!
[ladydk] you think then that they will be using some stuff they printed 10 years ago?
[lightingcslt] laura yw thanks for being here
[laura] lightingcslt It’s my pleasure!
[lightingcslt] ladydk if and thats if which imo they have lds printed not just out in the streets yet
[ladydk] lightingcslt ty
[lightingcslt] ohhhh teamwork
[lightingcslt] ladydk yw
[campdav] lightingcslt If this was a trading floor I would have to say that we had a pretty heavy trade day so far
[lightingcslt] campdav for sure
[Shredd] campdav about the trading floor….
[Shredd] are you referring to Kap’s 17 day thing?
[campdav] Shredd Just commentiong on the board moving pretty quick today
[Shredd] ah
[dezertheat] Shredd yeah what is that he’s referring to?
[dezertheat] I thought that was weird
[Shredd] dezertheat i remember a long time ago i was chatting with my dad about the possibility of a slow crawl to a buck and beyond
[Shredd] and was telling him it was all good
[Shredd ]because we’d be able to sell whenever we wanted
[Shredd] and possibly to an entity outside of a bank
[Shredd] seems logical that a broker for example
[Shredd] would offer an earlier buy
[Shredd] kinda like when you win the lottery
[Shredd] take monthly payments of xxxxxx
[Shredd] or
[Shredd] take a smaller lump sum now
[dezertheat] oooooh I get it
[Shredd] you ‘pay’ for your impatience
[Shredd] but it’s legal
[dezertheat] i like that too
[Shredd] heck, we manage those monthy payout accounts at my bank
[Shredd] very interesting cool stuff
[dezertheat] very cool ty for sharing
[Shredd] anyway, i’m waiting for the best return possible
[Shredd] maybe cash in a little to party with lighters though
[Shredd] Shredd –out

THERE IS A SMALL GROUP IN RENO THAT CASHED IN LATE THIS AFTERNOON, 1 OCT

[TerryK] Chatroom:  October 1, 2012 6:38

6:38 PM [TERRYK] MORE NEWS--ANOTHER CALL.  SEEMS THAT THERE IS A GROUP AND THIS GUY LEFT A MESSAGE THIS MORNING AND I DID NOT PICK IT UP.  BUT HE CALLED ME AGAIN,  [and] SAID THERE IS A SMALL GROUP IN RENO [that] CASHED IN LATE THIS AFTERNOON.  

IN OTHER WORDS, [it] JUST HAPPENED. WE ARE TYING TO GET THE DETAILS.  PLEASE TREAT AS RUMOR. WHEN TINA GETS BACK IN ALL , MAKE SURE YOU TELL HER TO GET THE CALL READY. SHE IS IN SCHOOL RIGHT NOW. OK?

6:39 PM [iamsoready] Thanks .   Did they give a rate?

6:39 PM [TERRYK] NOPE  AND DOES IT REALLY MATTER?  IT IS WHAT IT IS-- RUMOR. OK, WILL BE BACK WHEN I GET MORE. LATER…

DINAR GURUS UPDATE, 1 OCT


10-1-2012  Newshound Guru Doc  A third article addressed the exchange rate.  It is quotes as "that the success of actions the central bank to reduce dollar against the dinar would make dollar equals Iraqi dinar per the next few days".  While encouraging we need some caution here.  First this did not come from the CBI and second we have seen articles stating events would occur "in the coming days" on to see nothing occurring for months.  What is interesting is the reference to the dinar equal to the USD.  We note here that this is further proof the high rates of $3+ quotes by some are pure fantasy.  This and other recent articles continue with the 1 to 1 scenario.  We continue to maintain $1 is the mostly likely cap for the initial rate out of the gate.  [post 2 of 3....stay tuned]

10-1-2012  Newshound Guru Doc   There were three very good articles that came out over the weekend that give us much encouragement.  The first is was quoted as "Allawi will meet Monday or Tuesday with President Talabani to discuss the political issues, and the implementation of the agreement (Arbil - Najaf).   Allawi will discuss in detail with Talabani, what will be put at the National Meeting, and the importance of what should be asked and agreed upon."  We see from this that 1) Ebril issues are very much center stage and 2) so is the National Meeting.  We also learn from this that the National Meeting has NOT been held despite rumors this weekend. The second article is quoted as "Kurdish Natural Resources Minister Ashti Hawrami confirmed that Baghdad transferred payments to international oil companies working in the region", reports Bloomberg News.  Again this is very encouraging in that we seem to be getting movement on the Ebril issues.  Maliki appears to be playing ball once again.  [post 1 of 3....stay tuned]

10-1-2012  Newshound Guru 8Ball   Article:  "Urgent .. Adjournment of the House of Representatives, to the ninth of this month for lack of quorum"    yes...the one thing that is a guaranteed with Iraq is that it will be delayed.

10-1-2012  Newshound Guru SWFloridaGuy   I don't think they will get out of Chapter 7 without first moving forward with their economic reforms. I don't think they will move forward with their economic reforms until they have a power sharing government in place. [Do you have an opinion about the article explaining that the dinar will equal the dollar in the next few days?]   It's a very encouraging article but I'm naturally skeptical and waiting to see rate movement for myself. There has been a lot of encouraging news lately though and taken collectively, it's hard not to feel that Iraq is definitely making progress.   

10-1-2012  Intel/Newshound Guru Poppy3   As sources had reported and I reported to you, the RV should have taken place last night or today but Allawi walking out Saturday because of the schedule of votes has caused this delay. It is good for us this time because Maliki was trying to get the amnesty vote first and would have given him free reign and he could do much as he pleased and they couldn't prosecute him. He and Talabani are meeting today. Could settle this issue. 

10-1-2012  Newshound/Intel Guru BGG   Article:  "Hamid al-Mutlaq demanded the government to resign due to their failure in running the security file"   This is a new twist – Mutlaq (the Deputy PM – behind Malik) and Maliki have been at odds before. Looks like things are heating up again. IMHO – Mutlaq is putting some pressure on to get things headed the right direction – Maliki giving up the Security Ministries would be almost as good as him resigning. Maybe better.

10-1-2012  Intel/Newshound Guru Poppy3    it is my understanding as of last night all of the main issue's have been settled and agreed on and they are down to only a very few decisions and the voting procedures is the main one. The meeting today may solve that one...voting sequence still not set. Talibani and Allawi to meet today . If they can settle this dispute and agree with Allawi this time he needs to stand his ground and get the vote done on the power sharing before the amnesty Law. We are in a good position and it is exciting they have never taken a break they continue to meet daily and coming to terms with many of the issues.   keep the smile on your face your, blessing is very close.

10-1-2012  Intel Guru Blaino  News today [Sunday] indicated that the dollar will equal the dinar in the next few days, few is usually 3 - 5,  not weeks, but days, according to yahoo translator. Oil contracts were to be paid today...you have to have a tradable currency...need to have some serious money.   I know that we have been on dinar level 5 for more than a month and a half, but I have not gotten anything that did not say it was imminent.

10-1-2012  Newshound Guru Mailman17  THE FACT THAT THE GOI IS RELEASING MONEY TO THE KURDS TELLS ME THE 2007 HCL IS VERY MUCH ALIVE AND QUITE POSSIBLY ALREADY A DONE DEAL,  JUST NOT ANNOUNCED.  IN OTHER WORDS THE GOI AND THE KURDS ARE ON THE SAME PAGE, FINALLY
.

I DONT KNOW WHAT HAPPENED, 1 OCT


TERRYK] SORRY ALL THAT THIS DID NOT GO DOWN LAST NIGHT
[TERRYK] GOT WORD THAT UST RELEASED
[TERRYK] DONT KNOW WHAT HAPPENED
[TERRYK] WHEN I SAY RELEASED NO LONGER IN LOCKDOWN
[TERRYK] OH OK
[TERRYK] PACKAGES WERE DELIVERED BUT FOR SOME REASON AND NO ONE KNOWS WHY
[TERRYK] IT DID NOT HAPPEN
[TERRYK] WE ARE CHECKING TODAY
[TERRYK] WELL YOU SHOULD SEE ALL THE HATE MAIL I GOT
[TERRYK] IM ONE OF THE MOST HATED PERSONS IN NORTH A
[TERRYK] I THINK
[TERRYK] ACCORDING TO PEEPS I HAVE RUINED THEIR LIVES
[TERRYK] BY TALKING ABOUT THE DINAR
[TERRYK] GO FIGURE
[TERRYK] ALL I DO IS PASS ON THE INFO THATS OUT THERE
[TERRYK] AS RUMORS
[TERRYK] OK GOT TO RUN FOR NOW
[TERRYK] GOD BLESS
[TERRYK] JUST WANTED TO UPDATE YOU ALL WHAT WAS GOING ON OR LACK OF 
[TERRYK] OCT 15 NEXT DATE

Member of Finance Committee: GOI does not have sufficient information on how dropping the zeros will control money laundering, 1 OCT


Member of Finance Committee: GOI does not have sufficient information on how dropping the zeros will control money laundering


Parliamentary Finance: the government does not have sufficient information on the deletion of zeros

Ali Salman – 09.30.2012
Member of the Finance Committee criticized the parliamentary on Alsjeri, what he described as “getting lost in the monetary policy adopted by the Central Bank of Iraq.”
Said Alsjeri in a press statement: “The Finance Committee is very concerned about these blunders, especially in the area of ​​foreign currency exchange and the price differential to buy between the central bank and the black market.”
He said: “That led to the emergence of a senior currency traders took advantage of the situation to reap annual profits of up to about 8 / / billions of dollars.”
He said: “The government is not possess sufficient information about the project to delete the zeros adopted by the Central Bank, based on the law / 54 / for the year 2004, while the House of Representatives is constitutionally interested party as the deletion of zeros is a change of the currency legally.”
http://bit.ly/Ozpjqk

Iraq’s VP looking with Bank Ki-moon on ways to remove Iraq from Chapter VII, 1 OCT

Iraq’s VP looking with Bank Ki-moon on ways to remove Iraq from Chapter VII


01/10/2012 01:59
Search Vice President Dr. Khudair Khuzaie with the Secretary-General of the United Nations Ban Ki-moon in New York ways to get Iraq out of Chapter VII.
According to a presidential statement received «morning» a copy of it yesterday, that Khuzaie, along with Foreign Minister Hoshyar Zebari and the Permanent Representative of Iraq to the United Nations discussed with UN Secretary-General Ban Ki-moon, yesterday, Iraq’s international obligations towards the Security Council resolutions.
The student Khuzaie assisted by the Secretariat for the exit of Iraq from the provisions of Chapter VII, and the keenness of Iraq and Kuwait to address the remaining issues through dialogue and constructive cooperation. Statement quoted Khuzaie saying that «Iraq is very excited to resolve all outstanding issues between us and the neighbor Kuwait» added »We have what we Introducing to resolve these issues and we hope to return from the Kuwaiti side that offers more cooperation to end this file completely. said Khuzai that efforts to resolve these issues so far stalled despite all mutual visits between the two countries, calling on the secretary-general to exert more effort to resolve these issues .
As the price of Khuzaie positive role of the secretary-general support for Iraq on all levels. For his part, Secretary General of the United Nations Ban Ki-moon expressed thanks and high appreciation of the Iraqi government and stressed »We will do our best to help Iraq out of Chapter VII as soon as possible. Welcomed the Secretary year to help Iraq refugees Syrians and open borders in front of them, also praised the efforts and patience of the Iraqi government in dealing with the Ashraf residents and the process of transporting the organization to Camp Liberty. Elsewhere met Vice President Dr. Khudair Khuzaie Lebanese Prime Minister Najib Mikati in New York on the sidelines of the session 67 for Society General.
He Khuzaie during the meeting, according to the presidential statement, the importance of bilateral cooperation between the two countries to resolve outstanding issues, especially to solve the problems travelers Iraqis to Lebanese territory and the formation of joint committees to resolve these issues, stressing the need for unity in Arab attitudes toward sensitive issues because of its serious implications for the region. For his part, Mikati expressed his country’s desire to expand trade and economic relations between the two countries, especially in the field of oil and investment.
On the other hand research vice president Dr. Khudair Khuzaie with Ms. Leila Zerrougui, Assistant Secretary General of the United Nations High Commissioner for children and armed conflict humanitarian situation on the national and international levels. Praised Khuzaie humanitarian situation in the country, saying that «the humanitarian situation in Iraq has improved significantly compared to previous years» , calling on the international institutions to «pay more attention to the victims of terrorism of children, also provided Khuzaie formal invitation to Ms. Zerrougui to visit Iraq for the humanitarian situation in the country.
Khuzaie stressed the need to analyze the International Organization accuracy and objectivity in reporting by verifying the accuracy of the information contained by the competent authorities in the country Kozara Justice and Human Rights to find out what is really going on and deliver the true picture of Iraq to the world.
http://bit.ly/SgTe7w

MOUNTAINMAN, CY , BUTIFLDRM, UNCIRCULD POST, 1 OCT


10-1-2012 Mountainman: IMHO the statement from the CBI and World Bank about turning in dinars for dollars could be a sign they want to get the dinars off the street.

"The Bank also decided to double the sale of foreign currency ceilings sold cash to banks a week and decided to abolish foreign currency ceilings also sold banks on a daily basis, for the purposes of conversion."

Maybe this is one way they will reduce the money supply and prepare in country for the RV. If I was Shabibi, this is exactly what I would do prior to a big RV. This is just a hunch but it could be related.
  10-1-2012 CY: It looks like a National Meeting will be announced soon. I am hoping that this will be the case this week. I don’t think Talabani will announce a National Meeting unless he was pretty confident of success.

If Talabani continues to delay political resolution in Iraq, he is going to come under increasing pressure to do something or resign. If Talabani were to resign that would be OK too. Either way one would be progression towards the IQD RV in my opinion.

The RV will not occur until the politics gets straightened out which could happen very quickly on the optimistic side. Or there could be continual Maliki and Talabani delay upon delay. Talabani has definitely brought about delay upon delay which has benefited Maliki. After a while one is going to seriously have to ask themself which side is Talabani on. Either what is best for Iraq or for Maliki.

  10-1-2012 Butifldrm:
It's going to be very interesting to see Maliki and Allawi come to some sort of compromise. Erbil, should have been done 2010. Promises Maliki made, that he now call unconstitutional.

I am very excited to see how this whole thing plays out. Now is the time when we are going to see what's been smok'n mirrors and what been the truth.

10-1-2012 Uncirculd:
The problem with the infrastructure law is allocation of funds not being spelled out. So basically, Maliki can take that money and do what he wants with it. Like giving him a blank check.

Just like the electricity and other services and/or infrastructure. All have failed due to Maliki's shenanigans. Maliki needs money and he went to parliament to ask them to pass this law, but his ulterior motive was to get himself some more money. I guess his supply is running out.

10-1-2012 Kaperoni:
This week got off to quite a bank with an Economist article stating the dinar will equal the US dollar within a few days. 

BAN KI MOON OFFICIALLY TOOK THEM OUT OF CHAP. 7 AND HE SAID THAT IQD WILL BE AT LEAST = TO THE USD IN THE NEXT FEW DAYS, 1 OCT


9-30-2012  Intel Guru Hammerman Ban Ki Moon officially took them out of Chapter 7 and he said that the Iraqi dinar will be at least equivelent to the USD in the next few days.  Since last Thursday banks have expected this revaluation, they have people on overtime.  All the ministers are seated & I am still hearing that they did the National Conference but I can't prove it.  I am hearing they did announce the Erbil and the HCL.  I have seen with my own eyes documentation from the IMF & UST,  telling bankers to be on high alert of no less than 5 countries to revalue before midnight tonight.  Before that, banks were told to be on high alert for pending revalue of multiple countries.
About an hour ago [approximately 6:15 central] they sent out an alert of the pending revaluation of Indonesian countries.  So we wait and see.  Something should happen in the next few days, would it surprise me if it didn't, no, we have been here before. Sources in Iraq confirm that  official documentation from the CBI is stating that Iraq would be worth at least equivelent to the USD in 2 to 12 working days.  I am hearing that Bagdad will be blacked out tomorrow on intel coming out & security has been pumped up.  All news is good...we are close to the end of this ride.  Everything out of Iraq says they will be revalued in the next few days, time will tell. 

BLAINO CC TRANSCRIPT, 1 OCT


9:05 PM HisBlessed: WELCOME to the call it is going to be an exciting adn eventual night, so if you did not bring a pen and pencil, you might want to be prepared to take a note or two    some of the info is startingling some amazing and all thought provoking  so I am going to take some light weight steps and then build up from there  it is not unforseen but it is developing and it is significant
 
9:06 PM HisBlessed: there is a huge confluence of dates and things coming together and we are excited  I am filled with excitement and anticipation
 
9:07 PM HisBlessed: another reason to hold off the biggest info for a bit is my text softwaer was giving me some grief so the text went out a little bit late so want to get some of those folks the opportunity to get the text and get on the call 

while I am filled with excitement and anticipation, we do need to take a moment and realize that we have hit a benchmark in the world. Noteworthy and sad to say we have lost our 2000th person in afghanistan.     so we could still call ourselves a democratic republic still
   9:10 PM HisBlessed: so amongst all the excitement lets remember all that it took that we know about and all we don't know about that it took to get us here and remember that later when you have a pocket full of cash, what it took to get it.
 
9:11 PM HisBlessed: when you walk out of that first exchange opportunity remember all those also with your tears of joy that sadness for those people  when you figure out what we are told by the government today .... lets not get caught up in teh moment without remembering  we are not as free as in marishess (sp?)
 
9:12 PM HisBlessed: here we go:
 
9:13 PM HisBlessed: interesting stuff happening, couple calls ago started talking about a failing dollar could allow for a substantial increase in teh value of the dinar against the dollar   and the news that was posted today indicating that the dollar will equal the dinar in the next few days    his other comment was that the success in reducing the value of dollar would make the $1 equal to 1 dinar in the next few days  few is usually 3-5  not weeks, but days, according to yahoo translator
 
9:15 PM HisBlessed: I think the translation into english is that supply and demand is starting to affect things inside the country   We are one of the few sites here that has been able to tell you things that you will be seeing that then later appear, which is why we bust our hump to keep our reputation

9:17 PM HisBlessed: do I have a crystal ball, of course not.  am I the smartest guy on the planet, not by a considerable stretch  we are just fortunate to have some really good contacts and I know that we have been on dinar level 5 for more than a month and a half, but I have not gotten anything that did not say it was fairly imminent    so news out of baghdad, oil payments will be transferred today

9:19 PM HisBlessed: this has been a very retracted problem out there   kurdistan and baghdad have been having problems because kurdistan has been writing contracts that baghdad says are illegal  when money starts happening and oil contracts... have to have a tradeable currency    need to have some serious  money
 
9:21 PM HisBlessed: had a lot of attendance in london, swore not to talk about teh value of the dinar  talked all round it, but as we told you weeks before that, there has to have been some action before that otherwise why would the countries go to the london meeting   then back to iraq and the carbon law, 9 years without one.   hopefully they can solve all that  solve the territorial thing

9:23 PM HisBlessed: kurdistan would like to be an autonomous region so one way to solve this is to fix the currerncy.    the kurds are using what is called the swiss dinar  because it is printed elsewhere   the swiss currency that was printed awhile back was not as easy to fake so it has been used.   so in the kurdish region they trade with it and then the convert it to the "new iraqi dinar
 
9:25 PM HisBlessed: then with the united nations where ban ki moon was talking with teh iraqi rep and told them to make things right with kuwait.
 
9:26 PM target: it is interesting to note that a case about a terrorist that was important was also dropped    so the timing of some of the stuff has been interesting   ban ki moon also told kuwaiti to do their part to get this fixed.
 
9:27 PM HisBlessed: we go back to parliament and the pariamentary source where there was an argument that broke out - a verbal debate adn argument from back under sadam that would forcibly prevent an iraqi from changing their nationality    you might remember guys making speeches about sadam getting 99% of the vote when it was illegal not to vote and also not to vote for saddam.
 
9:28 PM HisBlessed: getting back to this movement  Where Kurdistan may want to get away from Iraq  Kurdistan doen't want to be a part of it..  you may not remember when Saddam killed about 250,00 Kurds with his Biological , chemical weapons  : they are trying to do away with they ?? law.. didn't hear it  
 
9:31 PM HisBlessed: Turkey was critized for giving the VP of Iraq asylam..   Barzani/Talabani... wanted to get a stay and grant him immunity..   this is more proof that the Conference is getting closer..
 
9:32 PM HisBlessed: Maliki.. is seeking to strike a deal with Syria...  We have a Country...Iraq.. that is pledging military/air support... to Syria  how can a Country that is not soverign make deals like that???  that want Syria to turn over a leader of the resistance.   name ??
 
9:35 PM HisBlessed: They have a real fear of the Shite tribes in Syria being distroyed..  they have no problems with ruining actual historic sites..   In Afghanastan...they ruined a budda statue that was literally carved into the mountain...  Since they are not Shite in Syria they fear that all the shrines will be destroyed.. Jessie Ventura has stated that all the cause of these wars.. go back to religion..
 
9:38 PM HisBlessed: I have a little update on Banking...  This guys is an owner of a manufacturing .. 2 of his personal bankers have been very upfront with him the last months.. and they have been looking for this RV for a few months..    He says it is real...and he had asked me to help him with a different currency... He said be thankful, keep your mouth shut and be thankful that someone told you about this currency..
 
9:41 PM HisBlessed: Lets get in to the fairly heavy stuff..
 
9:42 PM HisBlessed: I have access to somer very serious financial minds and a fairly decent research staff.. this maybe a little dry but this is monumental for that last 100 years...  for those of you who don't know it... we have not had a budget in this Country in 4 years... Obama could not even get one vote in the sentate for his budget... Not even Harry Reid would vote for it....  Nor Nancy Pelosi.. either one would think vote for it... we are kinda have a sentate like the 1st star wars movie that then becomes the 4th one...our budget has a fiscal year...
 
9:46 PM HisBlessed: Today is the end of the fiscal year... Our government has been out of $$ since Sept,2008..we have just been passing a continuting resolution...after 12:00 am on Oct 1,2012... which is tomorrow.. we are on our own.. The country's of the world are going to the new basel 2 & 3 complaince... 

I told you a while ago.. don't be in a hurry to cash out... I was disconnected...I was telling you guys to not be in a rush to cash out... CBS show 60 min passed a bill in the middle of the night ..that was ilegall..  when we look at what is happening here with the Fed...  I shared with you a while ago .. about a movie...that was made...  The Federal Reserve could have just as easily been called the first bank of hobokins...    documentary of OZ.. about the Federal Reserve..
 
9:54 PM HisBlessed: the Federal reserve was given a 100 year lease which is up..  So get the Story of OZ and watch it.. So what this all comes back to.. is that it all comes back to a tremendous bottleneck..
 
9:56 PM HisBlessed: So what this all comes back to.. is that it all comes back to a tremendous bottleneck..  so as the pressure increasing it gets colder...  does it feel a little cold to you???
 
9:56 PM HisBlessed: Have you looked at the Job #'s
 
9:57 PM target: The Secret's of Oz http://www.youtube.com/w ··· q2E8mswI

http://www.youtube.com/watch?v=swkq2E8mswI
 
9:57 PM HisBlessed: This monumental Quicken of events that are going through this hole called reality
 
9:58 PM HisBlessed: there was a Spainish Policitian.. His Middle name was Maria
 
9:59 PM target: Blow up train and killed alot of people. If he won more could die. So he didn't win the election
 
9:59 PM target: Take a look at spain no. Falling about at the sceams. Like Greece.  : Ecomic problems all over the world. The combination of oppuriuty profit fear pride need and    ...combination of those factors  so shall it be required it shall be met.   All is going to need to shift ... the train is coming down the track and it can't be stopped. Many people see this happening.

10:03 PM target: What is the full effects..... Got some stuff from Wisdom and haven't gotten to review it all. I have talked about alot of it.  Wisdom...Maybe we will do another call tomorrow and get Wisdom to get on the call.

   10:04 PM target: q&a     *6 AND 1
 
   10:04 PM target: Blaino how soon do you think this will come togeather.

   10:05 PM target: Oh hold on. It looks to me like we could be in the short rows. Oh it sunday cash in on monday.   The next couple days look good. The pandaexpress is having a big national day and some holidays coming up. Bank inventory days over the next couple of day. Some maket changes

10:08 PM target: I have shared with a couple people. What about this and the other.
 
10:08 PM target: Iam looking into this national inventory day.....

   10:09 PM target: Kung Fug Dinar..... bank inventory day.... 8th physical fittness day in china....   So much has come around oct. Fiscal year thing. End of the Feds as we know it  Maybe they are doing an illumination
 
10:14 PM target: i know you want to hear 5.72 and cashing in tomorrow. But I can't but the best news I can give is the kurds got paid today....  All the Lt. Got togeather and spoke togeather laying the loose ground work for some discussion for the National Conference.
 
10:15 PM target: Tabaliana is back in town now.  Moon told them to put this stuff to bed.  I'm here to get you out of Chapter 7 quoted from somone ...???? I missed that.  Put all the bits and pieces togeather ... maybe something could happen.
 
10:18 PM target: At the conclusion of the National Conference. You have like a 24 hour window.
 
10:19 PM target: Blaino dosen't think I'm that big of a hookem that what I say could hinder the RV. Hey big guy.
 
10:19 PM target: next caller

10:22 PM HisBlessed: I DON'T KNOW OF ANY PLACE TO TRADE IN THE LARGER NOTES

10:23 PM target: VLR she puts them togeather. 1k notes, etc. They all go to the post office..
   
10:26 PM target: 708 caller
 
10:27 PM target: You have already answered my question about the float?

10:27 PM target: I think they will do on electric network
  
10:30 PM target: So called basket.... if thing has is the VND in it. All the countries is holding a basket of currency  US Basket has the K.Dinar was in our basket....   Back in the day.
 
10:30 PM target: There are so national basket of currency.

10:31 PM target: I'm not sure what it's going to do. The information keeps flip flops. Some may float there currency. 5 countries my float the currency. I missed the names.     Some of the countries my float also. VND might rv to get it out.. not sure.  before 1990 most folks didn't dabble in the stock markets.
 
10:35 PM target: In the short term I think we will see 2-6 cents possible 7 on the VND  I don't see the big number coming on the VND
  
10:38 PM target: You all answered on the chat room
    10:42 PM target: Bernanke will he be without a job. After midnight tonight.
 
10:43 PM target: I don't know if I would want to be the first mouse. I think a few house to distrubute to you all folks. To provide you all cash in information
 
0:45 PM target: Those that are going to bundle up dinar and ship to someone. Thinking they are going to get something. I wish you all good luck.
 
10:48 PM target: What if the do free float. 1.04 Why would any person or persons want to give anyone like 27.00 or 36.00 or whatever. but how can they do that with a rate of 1.04... Folks please be careful folks. Cause you could get hammered.

10:49 PM target: Once your dinar leave you..... it's out of your control. So please be careful.   Waiting to see what happens. waiting to see what's said on fox news. etc.    We are at the end of our fiscal year. Waiting to see what's going to happen
   
11:00 PM target: Blaino thank you. The how note. feds. fiscal year.....

I hear the coins are coming out tomorrow 100 and ?? they have been out. But they aren't worth anything.
  
11:03 PM target: How long can they keep wanting business etc. to invest and company but yet they can't talk about how to get paid. WHen they done the Financial Meeting that was in london.
 
11:05 PM target: There would not be any company that would commit to business etc. Lots of pre planning... why would a company want to build bridges, hotel. power company etc. if there weren't going to get paid. There is a lot of press coming down. ... Bottleneck, cork in the bottle
    
11:08 PM target: Hello good evening
 
11:08 PM target: Banks closing. which one. China situation.
 
11:09 PM target: Washington is closed until after the election.
 
11:09 PM target: Tropps heading toward washington

   11:10 PM target: Could them being closed up could it be related to the banking system changed.
 
11:12 PM target: If this comes out as a free float. How will the cash in be done

1:14 PM target: Lots and lots financal Inst. Credit unions, banks etc. There will be wavy points were you will be able to cash out your currency. Could do with armour car company etc..

11:16 PM target: If it's free float at 1.08 cash in some and hold until later.
     
11:18 PM target: Looks like we will be holding this for a while or other currency. Were do you find information about other currency. Etc. Blaino we will have some suggestion etc if your a member of planet dinar.

11:25 PM target: Henry from NC. Heard about the Federal Reserve. ..........
   11:27 PM target: Moneydr.
 
11:27 PM target: D ong could go seperate or with the Dinar. The dong will get put in the stack with the dinar. If the D ong wants to go it could. D ong is tradable. They may try to adjust its rate.
 
11:29 PM target: Blaino for Orlando Fl.
 
11:30 PM target: couple ? You thought the dinar would go into free float. How confident are you on the free float....
 
11:31 PM target: They have put announcement. But this could be smoke and mirrors. Back in nov. 2010 I said there was possible of this. Shabibi could go around alot of things and do free float.  He has alot of folks saying get this thing done.
 
11:33 PM target: What are you hearing on the D ong. 3-6cents may 7 cents....
11:36 PM ladyrace: Thank you Boss!
  11:37 PM HisBlessed:    BOSS
  11:37 PM target: Thank you Blaino
  11:38 PM ladyrace:    my dinarians!
  

Economics Committee: Report of the Special Committee on the Central Bank will be presented during the day, 1 OCT

Economics Committee: Report of the Special Committee on the Central Bank will be presented during the day


The time on Monday, 01 October 1 / Okrudolf 2012 

Baghdad / Orr News

Said a member of the Committee of Economy and Investment white bloc MP Aziz Sharif Mayahi that the committee formed in the House of Representatives with respect to audit and monitor the work of the central bank auction will submit its report to the Council in the days

Mayahi demanded in a press release today the CBI: "a new monetary policy keep pace with advances in the field of financial and banking sector in the world and change the current policy pursued by the central bank as threatening the local currency to deteriorate " .

He said: "There are a lot of indicators negative spotted in the work of the central bank, especially violations recent occurred in the process of selling and buying dollars in the auction and allow brokers to manipulate the price of the Iraqi dinar exchange against the U.S. dollar " .
revealed Mayahi: that the committee formed in the House of Representatives regarding audit and monitor the work of the central bank auction will submit its report to the Council in the days, which indicates initially for errors and significant violations occurred where the bank "


http://www.uragency.net/2012-03-11-16-31-52/2012-03-11-16-33-57/10477-2012-10-01-06-28-24.html

Arab League is considering the possibility of launching a single currency for the countries of the region , 1 OCT

Arab League is considering the possibility of launching a single currency for the countries of the region 



30/09/2012 12:40:05 



BAGHDAD (Iba) ... considering the League of Arab States, according to new information obtained by the Middle East, the possibility of launching a unified Arab currency in the coming years, a proposal made by the Union of Arab exporters and importers recently, where Union aspires through this proposal to be There's economic Arab Union and Mali.

It is expected to face the process of applying currency unified Arab major difficulties may hinder the application, but the hope Hassan Zaki, President of the Federation of exporters and importers Arabs, confirmed that what is happening in the region of the Arab spring will lead to positive results, including that there be a union unified Arab in regards to the economic and financial.

Said Zaki our proposal that there be a unified Arab currency, and will not rush the application or accelerate it, but we are committed to this proposal, adding European countries have a common currency, the euro, until now the proverbial, and the Arab states could launch a standardized process also whenever she wanted so.

The President of the Federation confirmed Arab exporters and importers during her remarks that the Arab single currency will facilitate the process of intra-regional trade and raise the value between the countries of the region, noting at the same time that the current situation in some countries in the region will not last long.

Zaki said «there will be a new mentality leads the Arab countries, and is this mentality that will contribute to the support of the launch of the unified Arab currency, indicating that the Arab League will have a significant role in contributing to the launch of the currency in the future.

In light of these developments, showed Arab sources on economic affairs, told «Middle East» Yesterday, optimism launch a unified Arab currency in the coming years, but these sources did not reveal the actual timing of the start of the launch of the currency, which means they are still in the process of study.

In the face of these developments, Dr. Salim Bajajh, financial and economic expert, that the application of a unified Arab currency is lead to encourage intra-regional trade, and said the fact that the proposed very positive, and if implemented will reap the Arab significant benefits because of it, but the application seems very difficult.

And was 4 Arab countries have moved urgently during the past few days to resolve the crisis of red meat in the region, targeting these four countries namely the Sudan, Egypt, and Saudi Arabia, Lebanon invest one billion dollars in projects breeding and fattening cattle, in order to achieve a ratio equal and clear between supply levels and demand in the meat market in the region, amid expectations that these results show moves within 12 months from now.

In exclusive statements obtained by the Middle East two weeks ago, confirmed Amal Hassan Zaki, President of the Federation of Arab exporters and importers, the Union began in the past few days in the work of alliances between four Arab countries aimed at increasing the production of sheep and increase the volume of supply in the markets of the region.

Said Zaki Arab world is in a crisis food, is expected to increase the size of this crisis worsened during the coming period, and under these circumstances there should be moves seriously to address this crisis and eliminated through alliances Arab, pointing out that the moves that led the four Arab countries (Sudan , Egypt, and Saudi Arabia, and Lebanon) plans to inject billion dollars for development of quarries Sudan and cattle breeding and fattening there. (Arab League to verify the death of Arafat).

And confirmed President of the Federation of exporters and importers Arabs to lower the prices of red meat and increase the volume of supply in the region is to be expected within 12 months from now, she said, live prices of red meat during the current period in areas overgrown too, and therefore there should be moves eliminate this inflation, and contribute to lower prices.

Zaki pointed out that the Arab countries pass through the current period a crisis of confidence in terms of intra-regional trade, indicating that they are in the form of the Union of Arab exporters and importers working during the current period to restore this lost confidence to the hearts of governments and Arab businessmen. Zaki added a return of confidence means the return of capital Arab immigrants, which we hope to achieve in the coming period, stressing that it does not detract any advantage Arab countries contribute to the increase of bilateral trade volume. (End)

http://ipairaq.com/index.php?name=inner&t=economy&id=60589

In the last global report of studies: Iraqi gangs launches largest counterfeiting operation to switch the currency in the world, 1 OCT

In the last global report of studies: Iraqi gangs launches largest counterfeiting operation to switch the currency in the world



Warned (Global Center for Development Studies) from the process to lead the deletion of zeros from the Iraqi dinar to a state of chaos in the national economy, especially as they are in the security conditions and the difficult political and complex. Confirmed Center in his report of the British capital London, that Iraq is suffering at the moment of counterfeiting gangs that operate, 

Day and night, for the printing of the dinar current and then replaced in the process described it will be the biggest fraud in the world. The Center said in a special report, that the money supply large existing today in the Iraqi market, which is estimated up to 30 trillion dinars will increase significantly during the period of the currency exchange , so that fraud rings spread in most Iraqi cities. According to the report, it is very difficult for the Iraqi government to reduce the activities of gangs counterfeiting, especially that some of these gangs succeeded in 2003 of theft devices printing currency from state institutions and managed fraud amounts exceeding 50 billion Iraqi dinars, and was also able to deposit part of them in some Iraqi banks, as happened with a bank in the city of Basra. A report (Global Center) that some of these gangs operate in the neighboring countries of Iraq and you enter counterfeit currency through smugglers or otherwise considered official commercial Kalmpadlat or by replacing the dollar. It is estimated that the International Center for Development Studies size cash reserve, which lost Iraq during only one month this year to $ 2 billion, which led to a clear reduction and significantly in value of Iraqi dinar, as it reached the limits of 1250 dinars to the dollar after the boat 1120 over the past year 2011 . and between the center in his report that the cost of switching the Iraqi currency will exceed the $ 150 million that I talked about government sources Iraqi to reach nearly $ 250 million, the cost of storing the old currency and destroy and replace revealed fake ones will be greater. predicted report Global Center for Development Studies rising inflation in Iraq significantly, especially during the period of currency exchange that will take place over two years. The report pointed out that the value of the Iraqi dinar will not see any increase or change that the goal of the deletion of zeros is only to facilitate cash transactions, saying that work to raise the value of the dinar require diversification of income sources and reduce imports to reduce the trade deficit and the reduction of external borrowing, which failed to Iraqi government achieved during the past years.

The new evidence
http://www.iraaqi.com/news.php?id=609&news=1