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DINARESGURUS.BLOGSPOT.COM_________________ _______

Wednesday, October 3, 2012

I WILL ASSURE YOU WE ARE IN A GREAT POSITION TONIGHT, 3 OCTOBER



9:20 PM [Soonerfan62] GUYS I CAN'T IMAGINE A BETTER TIME TO COME IN CHAT THAN WHEN THE DEBATES ARE GOING ON. SINCE I KNOW ALL OF YOU ARE BORED, I THOUGHT I WOULD COME IN AND HAVE SOME FUN.

SQ AND I HAVE BEEN CHATTING AND LAUGHTING AND HOPE ALL OF YOU ARE IN A GOOD MOOD TONIGHT BECAUSE I SURE AM.

I HAVE BEEN ON THE  phone  ALL DAY AND I AM REAL EXCITED ABOUT WHERE WE ARE AT. TONIGHT THOUGH I AM NOT GOING TO MENTION WHO I HAVE TALKED TO BECAUSE IF I DO, I WILL BE HAMMERED BY SOME AT 3S THAT I HAVE NO INTEL AND DEPEND ON ALL THE OTHERS TO PROVIDE ME.

SORRY GUYS, BUT I    THE FACT THAT I CAN TALK TO ALL PROVIDERS, FROM ALL SITES.

I BELIEVE THAT IS THE WAY WE ALL SHOULD BE. I WILL NOT TALK ABOUT RATES OR DATES BUT I WILL ASSURE YOU WE ARE IN A GREAT POSITION TONIGHT AND WITH THAT SAID, LET'S CHAT.
  9:22 PM [bouv] Soonerfan62    too late I am getting the mop now  

9:22 PM [captaincaveman] Soonerfan62 So nice to see you. I missed your chat last Thursday night.

9:22 PM [Soonerfan62] GE ALL

9:22 PM [RVPLEASE] Soonerfan62 what's your opinion on gag orders?

9:23 PM [Retchie08] Soonerfan62 ..    & BLessings..Woooooooo Hoooooooooooo ..GO SHABBS  

9:23 PM [Soonerfan62] RVPLEASE NONE

9:23 PM [vote4rv] hey soonerfan62 the Llano has water again. It is a lovely site as I was afraid we would be the new Iraq.

9:23 PM [Soonerfan62] mountainman MY OKLAHOMA BUDDY

9:23 PM [RVPLEASE] Soonerfan62 you mena you have no opinion or there are no gag orders?

9:23 PM [Soonerfan62] RVPLEASE NO GAG ORDER
9:24 PM [Soonerfan62] feda MY FRIEND HOW ARE YOU?

9:24 PM [sananddan24] Soonerfan62 are we there yet?

9:24 PM [Soonerfan62] composer55 U2 BUDDY

9:24 PM [vote4rv] Soonerfan62 do you think they will ask the date and rate in the debate?

9:24 PM [feda] Soonerfan62    doing good and it is wonderful to see you
9:24 PM [Soonerfan62] sananddan24 REAL, REAL CLOSE

9:25 PM [Soonerfan62] feda TYVM

9:25 PM [MtnStar] Wow -so are we all watching the debate and playing in here? and look - all our great mods
9:25 PM [Tenizen] Soonerfan62 I feel you there.

9:25 PM [Soonerfan62] vote4rv  

9:25 PM [Retchie08] i wonder when that Smart Card was Swiped, How Many Pennies feLL outta that ATM...  

9:25 PM [deb2blessed] I figure the gag stuff is just self imposed silence...

9:25 PM [mountainman] Soonerfan62 still looking forward to our lunch

9:25 PM [Soonerfan62] mountainman ME TOO BUDDY, WELL OVERDUE

9:26 PM [RVPLEASE] Soonerfan62 Mike Trout or Miguel Cabrera for MVP?
  
9:26 PM [Soonerfan62] IS CRUISER ON?

9:26 PM [Soonerfan62] RVPLEASE TROUT

9:27 PM [dinar4golf] Soonerfan62 been working on the game for that post    visit to sawgrass and pebble beach. Got any idea when I can make those tee times?

9:27 PM [RVPLEASE] Soonerfan62 nop    first time I disagreed with you  

9:27 PM [Soonerfan62] dinar4golf I WOULD LIKE TO PLAY THIS WEEKEND

9:27 PM [dinar4golf] Soonerfan62 that would be good for me as well.

9:29 PM [blue skies] Soonerfan62 That goes without saying.. We are da best....  

9:29 PM [deb2blessed] Soonerfan62 amen....SweetQuees is the very best!!!!!

9:29 PM [feda] YES thank you ..SweetQueen  

9:29 PM [highlander65] Soonerfan62 AMEN - and       !!!!!!!!!!!!

9:29 PM [vote4rv] yea where else can u go skinny dippin in the moat...oops did I let some intel slip

9:29 PM [Waiting] Soonerfan62 i agree

9:29 PM [bouv] Soonerfan62       Yes it is!! We  love  Sweet Queen

9:29 PM [mpool900] Soonerfan62 agreed...whether it be a friend, prayer or a recipe..   

9:30 PM [mawbell] Soonerfan62 Hey hun--good to see you....thank you for coming on....just to know we are not alone

9:30 PM [Soonerfan62] highlander65    PRECIOUS

9:30 PM [barb] Soonerfan62 absolutely Respect is an awesome concept we like it!!!    SweetQueen  

9:30 PM [oldrichguy2b] I just did a facebook search for International Smart Card and they do have a page. It's in arabic so I don't know if this means anything or not. Any ideas?

9:31 PM [Soonerfan62] mawbell YVW NEVER ALONE

9:31 PM [ram1] Soonerfan62 have you heard anything about the smart cards being activated?

9:31 PM [goldman] oldrichguy2b there is a translator on the page

9:31 PM [Soonerfan62] ram1 YES

9:31 PM [MtnStar] oldrichguy2b on sight has a trnslation tab below postings

9:32 PM [Soonerfan62] weneedit :)

9:32 PM [composer55] Soonerfan62 You can jump in anytime     

9:33 PM [Soonerfan62] REMEMBER SMART CARDS ARE ONLY IN IRAQ

9:33 PM [Soonerfan62] composer55 I'M READING  

:33 PM [Soonerfan62] poopypants REALLY

9:33 PM [okrocks] Soonerfan62 a person in US used a smart card here... how?

9:33 PM [RVPLEASE] Soonerfan62 Soonerfan62 can you briefly summarize what the Smart Cards are?

9:33 PM [ram1] Soonerfan62 Do you think we are on a 72 hold or maybe 10 days like Kuwait?

9:33 PM [Retchie08] Soonerfan62 .. for iRaqi's worLdwide

9:33 PM [Soonerfan62] inspiredbyLOVE GOOD TO BE HERE

9:34 PM [Soonerfan62] ram1 NO

9:34 PM [Jester] Soonerfan62 i was told that the lower denoms were released in the green zone today... any confirmation on that?

9:34 PM [mawbell] Soonerfan62 so where do you think we are?????????

9:34 PM [Soonerfan62] Jester NO COMMENT :)

9:34 PM [ram1] Soonerfan62 Great can you add anything else?

9:35 PM [Soonerfan62] ram1 YEA, I'M 63 NOW

9:35 PM [Jester] Soonerfan62 tyvm

9:35 PM [geoworld] Soonerfan63 - You did say its now Soonfan63 -That would make you a 49 Special like me..:airplane:

9:35 PM [ram1] Soonerfan62 You are a funny guy. Nice to have you here tonight.

9:35 PM [berberboy] Soonerfan62 triple crown winner, 1st in 45 years and you say trout?

9:36 PM [Soonerfan62] berberboy BEST ALL AROUND PLAYER IMO

9:36 PM [Retchie08] Soonerfan62 .. am 53..Born in Muskogee & PLayed FootbaLL @ Musk. High & NEO... Go SOONERSSSS

9:37 PM [keiji] Soonerfan62 do you beleve Iraq is following a script right now and that a    date has already been established?  

9:37 PM [Soonerfan62] composer55 GOOD FOR HIM BUDDY, GOD BLESS

9:37 PM [sananddan24] SoonerFan62 please feel free to share with us what you can

9:37 PM [Soonerfan62] keiji YES

9:39 PM [Soonerfan62] sananddan24 OK I WILL, MANY THANKS TO MADAME WU AND HER TEAM AND THE IMF, UST, UN, BIS, AND ALL THE OTHERS THAT HAVE WORKED COUNTLESS HOURS TO GET THIS DONE FOR US

9:40 PM [poopypants] Soonerfan62 what do you think of people gagging themselves:bliss:

9:40 PM [Soonerfan62] poopypants EATING TOO FAST

9:40 PM [woodguy 6250] Soonerfan62 do you see this before middle of this month

9:40 PM [Bravo] Soonerfan62 Is it done?

9:40 PM [greek1212] Sooner do u think it is done

9:40 PM [Soonerfan62] woodguy 6250 NO COMMENT

:40 PM [Princess M] Soonerfan62 so do you feel we are there and  rv  will be seen between now and a 72 hours?

9:41 PM [Soonerfan62] Bravo :)

:42 PM [2012jesus] woodguy 6250 read between the lines

9:42 PM [Soonerfan62] woodguy 6250 IMO ABSOLUTLY

9:42 PM [barb] newheart2012 I think you better wear your Depends, to this procedure..RV seems to be    might close and of course    for complete success

9:42 PM [woodguy 6250] Soonerfan62 thank you

9:42 PM [Princess M] Soonerfan62 can u advise us did iraq received the smart cards today

9:43 PM [Soonerfan62] Princess M YES

9:43 PM [oucrazy] Soonerfan62 . . . are the smart cards activated?

9:43 PM [mountainman] woodguy 6250 IMO we will see it soon stop trying to get Sonnerfan to give a date

9:43 PM [newheart2012]    barb why should I wear depends?

9:43 PM [Soonerfan62] oucrazy YES

9:43 PM [oucrazy] thnx

9:43 PM [Soonerfan62] mountainman    MY FRIEND

9:44 PM [MsMagnolia] Soonerfan62 I sincerely thank you. Are you married?

9:44 PM [leftylucy] Soonerfan62 Why do you think we are closer tonight than yesterday?

9:44 PM [Soonerfan62] MsMagnolia NO

9:44 PM [shybabi] Soonerfan62....Will this finally and truly be our last weekend Pre
  
9:44 PM [sananddan24] Soonerfan62 is there a possibility it can be held up by some unknown reason?

9:44 PM [oucrazy] Retchie08 . . . that's what I'M thinkin'!!!!!

9:44 PM [Soonerfan62] leftylucy YES

9:44 PM [trooperb] Sooner. Your :). Are like a wink to a blind man. I like what ur not saying.

9:44 PM [mountainman] Soonerfan62 you're very welcome my Oklahoma buddy

9:44 PM [Soonerfan62] shybabi NO COMMENT

9:44 PM [captaincaveman] Soonerfan62 What's gonna be you luxury play toy post RV? Fast car? Fast golfcart?

9:44 PM [Soonerfan62] sananddan24 ALWAYS

9:45 PM [Retchie08] oucrazy .. Been Sayin' iT aLL Day..bt , What do i Know...  

9:45 PM [Soonerfan62] captaincaveman CHURCH

9:45 PM [Aliro] Soonerfan62 good answer

9:45 PM [Princess M] Soonerfan62 but in your opinion do you see the possilblity of a hold

9:45 PM [Soonerfan62] Princess M NO

9:46 PM [Soonerfan62] Princess M YVW

9:46 PM [sananddan24] Soonerfan62 great answer!

9:46 PM [maj] Soonerfan62 ptl

9:46 PM [Princess M] Soonerfan62 i feel you need a  

9:46 PM [Soonerfan62] Princess M    HUGS

9:46 PM [highlander65] Soonerfan62       we  love  you very much!!

9:46 PM [Retchie08] Soonerfan62 .. Are The Bank Codes stiLL the PLan ?

9:46 PM [Soonerfan62] highlander65 :)

9:47 PM [Soonerfan62] Retchie08 GROUP CODES, NOT BANK CODES

9:47 PM [caution] Woohoo, first time on today and I see Sooner!!!

9:47 PM [Princess M] Soonerfan62 I    group codes

9:47 PM [Soonerfan62] FRV THANKS

9:47 PM [Retchie08] Soonerfan62 .. Thnx 4 the cLarification..BLessings 2 Ya

9:47 PM [Soonerfan62] Retchie08 THANKS

9:48 PM [sananddan24] Soonerfan62 are you hearing good on the VND?

9:48 PM [deb2blessed] group codes to be used at the bank---right?

9:48 PM [keiji] Soonerfan62 do you have info that says banks are still on high alert looking for this?  

9:48 PM [okrocks] Soonerfan62 do you know if FWB and studley will still have that cc?? thanks

9:48 PM [Soonerfan62] sananddan24 YES

:48 PM [Soonerfan62] okrocks NOT IN THE PLANS YET, TALKED TO FWB TODAY

9:48 PM [ram1] Soonerfan62 Are you hearing double digits?

9:48 PM [musiccitylady]    yall

9:49 PM [Soonerfan62] ram1 NO COMMENT

9:49 PM [greek1212] Vnd and iqd still go together?

9:49 PM [ram1] Soonerfan62 I had to try  

9:49 PM [Soonerfan62] Shipcomingin HEY BABY

9:49 PM [keiji] Soonerfan62 do you have info that says banks are still on high alert looking for this?  

9:49 PM [Soonerfan62] ram1 :)

9:49 PM [mountainman] ok all of you stp trying to get Sooner in trouble by asking dates or rates

9:49 PM [Soonerfan62] keiji VERY

9:49 PM [Soonerfan62] keiji VERY

9:50 PM [gotterdone]    Soonerfan62! Can u explain the importance of the smartcards?

9:50 PM [Princess M] Soonerfan62 imo I feel in my heart we are there and we need to pray for the  

9:50 PM [Soonerfan62] gotterdone MUST HAVE IN COUNTRY    TO RELEASE SMART CARDS

9:51 PM [jack1977] Haha Im back    everyone..... still no rv,,,, work work work thats my life dang it.....

9:51 PM [sailman] Soonerfan62 Soonerfan62 SweetQueen Have you heard from jonnywg lately -- how is he doing --- any info for canadian friends???

9:51 PM [Retchie08] oucrazy .. May need to ship 2 Me ..Fedex OVERNITE !!  

9:51 PM [Soonerfan62] sailman I HAVEN'T

9:51 PM [greek1212] Sooner VND n IQD still going to go together

9:52 PM [Soonerfan62] greek1212 MUST

9:52 PM [deb2blessed] Soonerfan62 just don't understand--if that is the case with the smart cards--how can they keep it hidden from the rest of the world?

9:52 PM [sananddan24] Soonerfan62 if the VND goes with the iqd and we have to wait on the banks to cash in the Iqd ... Will we be able to cash the the VND immediately

9:52 PM [Tenizen] Soonerfan62 WAAAAY too dangerous to have double dipping

9:52 PM [Soonerfan62] deb2blessed THEY CAN'T

9:52 PM [vote4rv] uh oh repeal and replace dodd frank listen up

9:52 PM [Soonerfan62] sananddan24 SAME TIME

9:52 PM [goldman] PLEASE...NO POLITICAL DISCUSSION

9:52 PM [Retchie08] Talkin about DoDD Frank on Debate Now

9:53 PM [Soonerfan62] Tenizen YES

:53 PM [Tenizen] deb2blessed Please remember what Shabibi said: He wanted the Iraqi people to enjoy atleast 1 day of their own currency before the rest of the world.

9:53 PM [Bravo] MIG is doing the debate

9:53 PM [musiccitylady] Tenizen he did?

9:53 PM [deb2blessed] Tenizen ok--that makes sense

9:53 PM [Shipcomingin] Tenizen he said that

9:53 PM [Soonerfan62] Tenizen GOOD POINT

9:53 PM [greek1212] So if they can't hide it and cards are active we shall have our blessing very very soon

9:54 PM [Retchie08] Tenizen .. Correct

9:54 PM [Tenizen] So, it is what it is. IF the smart cards are released, then its a great sign. But we will see where we stand at the end of the week

9:54 PM [2012jesus] iraq loves fridays

9:54 PM [Retchie08] vote4rv .. Yeah..i Hear Ya....YIKES

9:54 PM [musiccitylady] Tenizen yep

9:55 PM [Waiting] Tenizen Soonerfan62 Did not know that

9:55 PM [ram1] Tenizen Did not know that

9:55 PM [chrivers] http://youtu.be/gFC8sDTXlng JOURNEY "Wheel In The Sky"

9:55 PM [Retchie08] They're gettin' into the Meat of iT Now

9:55 PM [Princess M] I am watching the debates...rep whan to repeal

9:55 PM [kimskennelklub] vote4rv hon if you would like to talk about the debate pls take to im or to freedomland, politics are not allowed in the mainland thanks

9:55 PM [oucrazy] Retchie08 pass the steak sauce!!

9:56 PM [Princess M] dod/frank?

9:56 PM [Soonerfan62]    YA GUYS , BUT HAVE 9:00 CALL WILL BE BACK IF ANYTHING ELSE TONIGHT. BE    WE ARE THERE IMO. THANKS TO ALL THE GREAT MODS AND THANKS FOR THE WARM CHAT. GOOD NIGHT ALL

9:56 PM [jack1977] I am so lost right now... who what and where ....  

9:56 PM [bluestarlite] Soonerfan62 Thanks for being here! You always bring a lot of Light into the room!  

9:56 PM [greek1212] Thx sooner n mods

9:56 PM [ram1] Soonerfan62 thank you for coming in

9:56 PM [deb2blessed] Soonerfan62 good night and thanks so much

9:56 PM [sananddan24] Soonerfan62 we were told that we have to wait on our appts for Cashing in the iqd but can cash the VND imediately

9:56 PM [Princess M] Soonerfan62    for being here  

9:56 PM [Retchie08] oucrazy .. Ajou OK with U ???

9:57 PM [Readynow] Soonerfan62 thank you so very much

9:57 PM [Princess M] goldman sorry

9:57 PM [MsMagnolia] Soonerfan62 Thanks for brightening our night!

9:57 PM [oucrazy] Retchie08 . . . sure!!

9:57 PM [caution] I can't wait to read everything Soonerfan62 responded too. It's too hard to follow on chat when you log-in in the middle.

9:57 PM [composer55] Soonerfan62 thank you for coming in, enjoyed it very much, God Bless

9:57 PM [Soonerfan62] sananddan24 APTS FOR BOTH

9:57 PM [Retchie08] oucrazy .. & PorterHouse Med Rare

9:57 PM [Tenizen] Well, I sure hope those smart cards were released.  

9:57 PM [ecinks] Soonerfan62 God Bless

9:57 PM [goldman] Princess M THANKS

9:57 PM [bouv] Soonerfan62    for coming into the    tonight, we    you and God Bless you

9:57 PM [blue skies] Soonerfan62 Thank you so much for coming in to visit, you put a smile on everyone's face. God Bless and we all    you.

9:57 PM [barb] Soonerfan62 Good to see you thank you for coming tonight to visit with us.

9:58 PM [captaincaveman] Soonerfan62 APTS for both at the same time, right?

Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012


Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012


Kaperoni looks at the RV, free float, and CBI issues.
I thought I would try and put together something that tells us where we are at…

In recent days, many articles have surfaced that have changed the landscape of the Event. Whether a RV, or free float, it appears that changes are in the works.
Here is what I see has happened…

I believe last year, and again this Spring (April) the CBI’s plan was an “overnight” RV at 1 to $1 or about. This was confirmed in the SIGIR report, and various articles. We even had a video from economists in Iraq stating this was a “Staging Rate”. Which makes sense in many ways for Iraq to bring their currency to an international level, start the process of de-dollarization, and move the economy and investment forward.

Unfortunately, the GOI and particular the CoM has been adamantly against this plan from the beginning and stopped it. Thanks can go out to Maliki for this, as it’s his GOI and his CoM, which also included his economic advisor. They issued many statements as reasons why this should not proceed with included; it would drain Iraq’s reserves, extensive counterfeiting, corruption, etc. In any event, they got their way, despite the CBI’s autonomous independence. I think this plan was pretty much dead within a few weeks after the April incident.

In June 2012, the CBI held a high level Symposium attended by economists, banking experts, the CBI etc. To come up with a new solution to achieve the same results...which is raising the value of the dinar to move the economy forward. A new plan that would address the complaints from the GOI, CoM and prevent them stopping monetary policy and progress. That plan was kept under tight wraps until just last month when videos and articles started to surface from the June Symposium. 

At DinarAlert, this team was aware of some of the new details, which we shared as we found them out. Details, which included a change from the RV, to a free float. This information was sketchy at best as we don’t know if this is an inter-banking (institutional) float, or FOREX float, but non-the-less we shared what we knew. We discussed how this would occur which brought in a ECN network, or Market Maker which was coined “facilitator” by Enorrste – the professor and boy was he right on! Nobody else in this investment had a clue to the information we had. In fact, many disregarded it. Thought we had lost our mind or refused to comment and kept pushing the RV.

In the last few days articles have surfaced which in my mind no doubly put an end to the RV which would have been part of the “delete 3 zeros” Event. This quote confirms it… “taking into consideration that the Iraqi dinar is covered by more than sixty billion dollars can be increased day by day, which eventually lead to the disappearance of zeros automatically one after another and publicly come back to this topic again after several years of seeing positive returns that emerged due to the prudent policies and legislation.” And this one from the Arab Monetary Fund… “Confirmed the Arab Monetary Fund said Iraq from among the countries which depend on the system flotation orbit currency exchange,” and this final one… “He Alkrasna adopt all of Iraq, Tunisia, Algeria, Mauritania and Sudan system "floating orbit of exchange", where value is determined currency in the market, according to the forces of supply and demand, and the government to intervene when necessary to re-route the exchange rate, in line with a set of criteria including the status of the current account and currency reserves foreign, depends both Egypt and Yemen floating exchange system.”

There is clear indication that the decision was made to put off the new currency change (the one with Kurdish language) to 2014 or even 2015. I no longer think there is any chance that “staging rate” will occur. For the very reasons the GOI/CoM is against it.

With this new plan, came many logistical issues. I believe the Iraqi Banking Conference was a chance to finalize some of those issues with the participants needed to make this ‘new plan” work. A free float of the dinar to begin in very short order. As for currency in Iraq, the CBI already had smaller denominations from the original set of currency, which can be issued as the dinar rises. And a recent article about the condition of the current state of the dinar in Iraq tells us these two things… “And adds that the benefit the next two months will witness the withdrawal of currency damaged and replaced with new ones from the reservoir replacement and compensation,” and “He points out that there are other solutions to include them central part of its future plans in the project to delete the zeros from the currency, which include put metal coins of small denominations as part of a restructuring of coins in Iraq, which are of greater benefit in use among citizens.” So there is a plan to support the currency as the rate rises in value.

The problem with this plan is it infuriates the GOI, primarily Maliki because he has not been able to stop the progress the CBI wants to implement supporting the economic growth within Iraq. As a result, Maliki has gone on a “witch hunt” to find some sort of corruption within the CBI. Even going as far as to create a special committee to investigate the CBI. Maliki’s own party MP Jubouri has stated on numerous occasion he is certain that there is corruption within the CBI and they will expose it. This in my opinion, is a clear attempt to not only stop the CBI’s plan, but to take over control of the CBI. Which would be disastrous in many ways if they succeed. Over the last few days, they have announced a “final report” was completed in this investigation. And today, this quote came out from the White block, which is clearly part of the Maliki’s offensive move to stop the CBI… “Mayahi announced that the Committee's report will waste heads large and influential figures in the central bank, in addition to a number of banks.”

This does not leave us in a real good light. Though a new plan is in place, for a free float of the Iraqi dinar, it is clear, Maliki does not want this to proceed and is doing whatever he can to stop it. Will he have success? Only time will tell.

I encourage this post to be shared. The key here is to get this information out. To get the gurus off the high rates, fake dates and convey the facts of what is really happening in this investment. Though it is not the news we all want to hear it is reality and reality is better than crazy rates, dates, and false promises of substantial wealth overnight. There is huge potential for this to still workout in our best interest, as the dinar rises in value over time (1 to $1 is very realistic in short order) in the new “free float” mechanism. As long as Maliki does not interfere.

Kap

BLAINO POST, 3 OCTOBER


Blaino: PLANETEERS! DINARIANS! FRIENDS AND THOSE READING THIS ELSEWHERE.... GREETINGS AND STANDBY FOR NEWS:::::::::::::::::::

Blaino: I HAVE BEEN WAITING SOME HOURS NOW FOR ADDITIONAL NEWS FROM THE FRONT........ AS I ALERTED THOSE OF YOU WITH TEXTING SERVICE HOURS AGO...

Blaino: WE SEEM TO BE CONTINUING INTO THE "QUICKENING" AND THE CONVERGENCE OF MANY MARKERS THAT WILL HAVE TO BE PUSHED THROUGH THE WINDOW OF REALITY AND ONTO THE OTHER SIDE....

THE POST RV OR SIGNIFICANT INCREASE SIDE.... BASED ON SIGNIFICANT INTEL, I'M TAKING SOME ACTION::::: STAY WITH ME THROUGH THE TURNS HERE!

THERE IS FRESH NEWS REGARDING MALIKI AND PARLIAMENT.

THE IRAQI KURDISTAN ALLIANCE IS CURRENTLY GETTING BUTTERED UP BY MALIKI AS REGARDS SEVERAL INFRASTRUCTURE CONTRACTS AS A CARROT TO ATTEMPT TO AMELIORATE THE STRESS AND TENSIONS BETWEEN THE PARTIES.... WILL IT WORK?
AS OF NOW, $42B IN CRITICAL INFRASTRUCTURE IMPROVEMENTS ARE IN LIMBO SINCE THE KURDISTAN ALLIANCE WITHDREW IT'S MINISTERS FROM THE BATTLEFIELD BEFORE THE VOTE COULD BE ACCOMPLISHED.

THIS FORCED A DELAY WHICH MAY BE RESOLVED ON THURSDAY... BUT THE POSTPONEMENT WILL BE THROUGH TUESDAY.... WHEN THEY RECONVENE.

IT'S NOT THAT THE KURDISTAN ALLIANCE DOESN'T WANT THE IMPROVEMENTS, IT'S THAT WALKING OUT ADDS TREMENDOUS PRESSURE ON "DEALS MADE" AND THOSE IN THE WORKS.... (FOLLOW THE MONEY!)

THERE IS SOME KIND OF PRETEXT INVOLVING MORTGAGING OIL TO FOREIGN CORPORATIONS WHICH MORE LIKELY RELATES TO "FAMILY CORRUPTION" OF THOSE INVOLVED (CABINET LEVEL) WHO WILL BE CHARGED WITH ASSESSING SOME ASPECTS OF THESE INTERNATIONAL COMPANIES BEFORE GRANTING ACCESS TO THE WORK OF THESE CONTRACTS, AS WELL AS PLANS REVIEW AND APPROVAL....

(READ THAT AS: RIPE FOR GRAFT, PAYOLA AND EMBEZZLEMENT!)

THE TOTAL COST OF THE ITEMS IN THE PROPOSAL IS $42B... WATER AND SANITATION PROJECTS, $5 BILLION IN EDUCATION PROJECTS, 10 UNIVERSITIES WITH INTERNAL DEPARTMENTS AND LABS, PORTS, RAILWAYS, AGRICULTURE & IRRIGATION, DAMS, DESERT RECLAMATION, BORDER POSTS, YOUTH AND SPORTS PROGRAMS, HOUSING FOR THE POOR AND SO ON.

Nouri al-Maliki AS IT NOW APPEARS THAT UNLESS AND UNTIL MALIKI AND THE ALLIANCE GETS IT TOGETHER ON THIS... WE ARE ON HOLD.

SO, THE ACTUAL NEGOTIATIONS ARE MOST LIKELY TO OCCUR ON THURSDAY BUT IT'S NOT 'FINISHED' UNTIL THE VOTE, WITH ALL PARTIES PRESENT, (A QUORUM) HAS BEEN ACCOMPLISHED.

THERE IS ANOTHER ASPECT TO THESE DEALS... A NON-PAYMENT GUARANTEE.... BACKED BY 'GOVERNMENT' FUNDS.... STARTING TO SEE IT CLEAR

ANOTHER HUGE HOLE IN THE "SYSTEM" THAT COULD ALLOW FOR MASSIVE CORRUPTION AND MISUSE OF FUNDS, AS WELL AS PAYLY?

OFFS AND EVENTUALLY POOR QUALITY WORK THAT FAILS TO RENDER GOOD SERVICE, OR IN THE CASE OF CONSTRUCTION... COLLAPSES.

THEREIN LIES THE STALL!!! WE CANNOT GET A VOTE ON ANYTHING ELSE.... TILL THIS AT LEAST IS OVERCOME. THIS IS ONE OF THOSE ISSUES CHOKING THE BOTTLENECK ALL THINGS "RV" NEED TO PASS THROUGH.

LET'S HOPE THIS IS ONE OF THE LAST REMAINING MARKERS WE NEED TOGET PAST...

Jalal-Talabani
THE ALLIANCE IS LEVERAGING THEIR VOTES ON THIS AGAINST GETTING A MINIMUM 17% OF  ALL THESE PROJECTS TO BE PLACED IN THEIR REGION.... AS WELL AS EFFECTIVELY SHUTTING DOWN PARLIAMENTARY OPERATIONS IN THE MEANTIME.

AGAINST THIS BACKDROP OF DRAMA AND INFIGHTING.... I AM EXTENDING THE CURRENT "PASS" UNTIL 8PM BAGHDAD TIME ON TUESDAY. THAT WILL BE NOON TIME HERE (CENTRAL TIME) AS THEY ARE  8 HOURS AHEAD OF CENTRAL TIME, US.

DO NOT REGARD THIS "HOLD" AS A REASON TO BE NEGATIVE OR UNHAPPY.... ACTUALLY THIS IS THE OPPOSITE, ONE OF THE LAST STOPPERS OR MARKERS WE NEED TO PASS.... AND WE WILL!   BLAINO

DINAR GURUS UPDATE, 3 OCTOBER


10-3-2012  Newshound Guru Enorrste    there is a difference between "changing the value" of the IQD (either free float or RV), on the one hand, and "removing the three zeros", on the other hand...the talk about delaying the removal of the three zeros until 2014 DOES NOT CONCERN US since we don't care when they remove the large notes in Iraq.   All we care about is the RATE CHANGE.  The bottom line is this: the change in the rate MUST precede the removal of the three zeros. Therefore, Saleh has no problem moving the date back on the removal of the three zeros to 2014. Why? Because he knows that they will all disappear automatically from the market when the RATE changes to $1, or more. This means that the date of 2014 could be 2024 for all he cares. The notes will disappear as soon as the rate gets to $1 or more!   he drops another hint to us to allow us to see that the process of removing the three zeros is NO LONGER TIED to the RATE!

10-3-2012  Intel Guru Blaino  Shabibi is the best central bank person in the last 100 years, we just don't like his timelineWe wonder what are they doing and what are they waiting for. Lots of moving parts and if they are not lined up properly, it comes to a stop. The confluence, the convergence is coming about...Lots of pressure. Lots of events they are trying to get done.

10-3-2012  Newshound Guru Kaperoni   They are not waiting another year to begin.   They will wait IMO before they officially "delete the zeros" but the float will begin soon to raise the value naturally based on demand and that is all we care about.  This is absolutely necessary to move forward economically, enter the WTO, ISX, and start to bring in the investment needed to rebuild.  Remember the condition of the current currency?  No doubt in my mind that the dinar will rise in value very soon which will allow them to use the smaller denoms that they already have.  It has been a tough ride for us for sure...keep in mind we spent years searching, debunking the 3 + initial rate, to get to a 1 to $1 rate...then a "staging rate", only to get information of free float.  It for sure has been an evolution. 

10-3-2012  Newshound/Intel Guru BGG  to use the term delay implies we had a solid date to begin with – we never have. This is event driven – not date driven (for me) – there is no guarantee of any delay (for sure).  To me – that’s good news.

10-3-2012  Newshound Guru Adam Montana   October 2 two things happened - my Iraqi sources tell me that it was leaked that the budgetary committee was going to go NUTS if there was no plan to officially implement an immediate strategy to raise the value of the dinar when the HCL was resolved, and it threw a wrench in everything.  October 3 that announcement was officially made - they are demanding an inclusion for "financial development".  I, for one, was literally on the edge of my seat most of yesterday waiting for some more news to break. Unfortunately we don't have it yet, but nonetheless - HOW EXCITING!  My opinion is that the thing to watch is the HCL. As soon as they resolve that, we are THERE. [post 2 of 2]

10-3-2012  Newshound Guru Adam Montana   if you've been paying attention to the news, you've got to be as excited as I am...as recently as October 1 we have a TON of articles talking about a "mechanism" to resolve the HCL. For those that are unfamiliar with how arabic gets translated, a "mechanism" is generally a contract...that means that earlier this week they ALMOST signed this thing into law. [post 1 of 2....stay tuned]

10-3-2012  Newshound Guru Med   SALEH DOES ANNOY ME A LOT BUT I MAY HAVE UNDERESTIMATED HIM.  I THINK WHAT HE IS DOING IS NEEDED TO BLINDSIDE ALL, TO MAKE PEOPLE FEEL THEY ARE GONNA DO IT AGAIN AND HOPE TO GET PEOPLE TO GIVE UP.  HE HAS MADE WAY TOO MANY PROPER STATEMENTS ABOUT THE REASON FOR THE DELETION AND WHY IT IS HAPPENING AND NOW CBI IS NOT INTIMIDATED.  NOR ARE THEY UNDER ANY OBLIGATION TO THE GOI TO SAY CAN WE.    PARLIAMENT DECIDED THAT ALREADY AND THE PARLIAMENTARY FINANCE HAS ALSO ALREADY GIVEN THE OK TO GO FORWARD.  IF ALL IS STILL FACT AND WE DONT PUT ANY TRUTH IN WHAT SALEH SAID AND WE ARE WITHIN 2 -3 MONTHS OF AN RV. THE 2013 BUDGET IS STILL HUSH HUSH.

10-3-2012  Intel Guru Blaino   WE ARE FINE!  JUST WAITING FOR THIS TO 'CLEAR'...SO WE CAN MOVE ON DOWN THE LINE A LIL FARTHER!  THERE COULD BE AN ADJUSTMENT TO THE 'TIME' OR THE HOUR...AS THE FOG LIFTS, WE WILL SEE.  WE CAN CLASSIFY THIS AS A "POLITICAL ISSUE" WHICH IS A TEMPORARY 'STOPPER' DUE TO THE SCHEDULING TO GET THE RELAVENT PARTIES TOGETHER TO DISCUSS, NEGOTIATE AND AGREE... WHICH THEY WILL DO! BUT THEY WILL NOT START TILL THURSDAY AM AND IT SHOULD BE A 1 DAY DEAL...METHINKS.  [post 2 of 2]

10-3-2012  Intel Guru Blaino   THERE IS A FRESH "DISTURBANCE IN THE FORCE" THAT PRECLUDES ANY SIGNIFICANT MOVEMENT TILL IT CLEARS.  SO, TO EXPRESS THAT REALITY...I'M TAKING PLANET AND DINARIAN DOWN TO ALERT LEVEL 4 AND DECLARING A PASS TILL THURSDAY EVENING, 8PM BAGHDAD TIME.  THIS IS NOT ANY REASON TO BE DE-MOTIVATED OR UPSET, IT IS A BETTER REFLECTION OF WHERE WE ARE "AT THIS MOMENT".  NOW, WHAT A "PASS" MEANS IS THAT DURING THE PASS, THE CHANCES FOR AN RV OR OTHER SIGNIFICANT CHANGE IN VALUE ARE REDUCED, NOT PERMANENT, JUST REDUCED TILL THURSDAY EVENING!  IF THIS CHANGES IN A SIGNIFICANT WAY, I'LL LET YOU KNOW.  [post 1 of 2....stay tuned]

10-3-2012  Intel Guru TerryK    I NOW HAVE A GAG ORDER ON ME, FYI.  I CAN'T TALK ABOUT DINAR FOR A WEEK, CAN'T.  THIS IS NO GAME, JUST LETTING U KNOW.   I CAN'T TELL YOU,  WHO I CAN'T TELL YOU  WHY.  ALL I CAN SAY IS I CAN'T TALK DINAR FOR 1 WEEK.   I CAN'T SAY ANYTHING, THAT IS NOT RUMOR.   I CAN'T AND WILL NOT GIVE ANY INFORMATION FROM MY SOURCCES, PERIOD.   I CAN TALK IRAQ ARTICLES BUT NOTHING FROM SOURCES.   I TOO THINK THIS IS BULL **** BUT IT IS WHAT IT IS...BITING TONGUE.  [Vnd? What is your opinion on that rate for the VND?]  SURE, HEARING .91
.   I JUST CAN'T TALK DINAR.   I KNOW THEY HAVE THE FUNDS BUT WHO KNOWS WHAT IT WILL COME OUT AT .
 


BLAINO,PHOENIX, CHATTELS,BGG, BUTIFLDRM, & MOUNTAINMAN POST, 3 OCTOBER


10-3-2012  Intel Guru Blaino   WE ARE FINE!  JUST WAITING FOR THIS TO 'CLEAR'...SO WE CAN MOVE ON DOWN THE LINE A LIL FARTHER!  THERE COULD BE AN ADJUSTMENT TO THE 'TIME' OR THE HOUR...AS THE FOG LIFTS, WE WILL SEE.  WE CAN CLASSIFY THIS AS A "POLITICAL ISSUE" WHICH IS A TEMPORARY 'STOPPER' DUE TO THE SCHEDULING TO GET THE RELAVENT PARTIES TOGETHER TO DISCUSS, NEGOTIATE AND AGREE... WHICH THEY WILL DO! BUT THEY WILL NOT START TILL THURSDAY AM AND IT SHOULD BE A 1 DAY DEAL...METHINKS.
THERE IS A FRESH "DISTURBANCE IN THE FORCE" THAT PRECLUDES ANY SIGNIFICANT MOVEMENT TILL IT CLEARS.  SO, TO EXPRESS THAT REALITY...I'M TAKING PLANET AND DINARIAN DOWN TO ALERT LEVEL 4 AND DECLARING A PASS TILL THURSDAY EVENING, 8PM BAGHDAD TIME.  THIS IS NOT ANY REASON TO BE DE-MOTIVATED OR UPSET, IT IS A BETTER REFLECTION OF WHERE WE ARE "AT THIS MOMENT".  NOW, WHAT A "PASS" MEANS IS THAT DURING THE PASS, THE CHANCES FOR AN RV OR OTHER SIGNIFICANT CHANGE IN VALUE ARE REDUCED, NOT PERMANENT, JUST REDUCED TILL THURSDAY EVENING!  IF THIS CHANGES IN A SIGNIFICANT WAY, I'LL LET YOU KNOW. 


10-3-12 Phoenix3333: Another Chapter 7 Issue Being Resolved for Iraq. "Iraq's delegation to the consultative meeting, held at United Nations Headquarters in Geneva on finding lasting solutions to the inhabitants of camp liberty, camp residents resettled in the presence of the Assistant High Commissioner for refugees Erika Feller, Martin Kobler, special representative of the Secretary-General for the United Nations in Iraq. The Undersecretary stressed during the meeting that Iraq has implemented all its obligations under the memorandum of understanding but did find however any practical steps that the Executive Office of the High Commissioner the registration procedures and interviews required States concerned and UNHCR to implement obligations after more than nine months."  Article http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ikhnews.com%2Fnews.php%3Faction%3Dview%26id%3D58572

10-3-12 Chattels: Mideast Money - Iraq dinar is short-term disappointment, long-term bet. "Many Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions. The logic of the dinar bulls is simple. Iraq's oil exports rose to 2.6 million barrels per day in September, their highest level in three decades; the country aims to hit 6 million bpd by 2017, which would put it close to Saudi Arabia's current level. Even if unstable politics, militant violence and bureaucratic inefficiency prevent that target from being hit, Iraq still seems to be on the threshold of an oil boom that will transform its finances. Inflows of new oil revenue could give the country big external surpluses and push state finances deep into the black by late this decade - the classic recipe for a strong currency."

10-3-12 BGG: Here's my next prediction - Parliamentary "interrogation" of this Education Minister is just the "pre-lims" for the "Main event" (Maliki's interrogation). They will look to see how the Federal Courts treat this event and go forward from there. They are running this next interrogation as a "test case" - bank on it. They are curious to see how intimidated the Judiciary is about being branded as "criminals."

10-3-12 Butifldrm: I hope these amendments are enough to satisfy the Kurds and the List. I guess we will have to wait until the 8th to find out. "In an effort to appease opponents of his law for infrastructure projects, pay Iraqi Prime Minister towards amendments respond to the objection of the Iraqi List and the Kurdistan Alliance in order to persuade them to end their opposition to him and vote for him in the House of Representatives next Tuesday." 

10-3-12 Mountainman: The parliamentary committee is working to complete article 140 as quickly as possible. Talabani made a promise that the political disputes will be resolved and that as early as next week we could see the reform paper agreed upon followed by a NC. The CBI has eased restrictions on USD sales to boost the IQD and eliminate the difference between the official and the secondary market price. All the top headlines of today are very positive and Iraq continues to march forward, a little slower than we'd like, but forward nonetheless. 

ADAM MONTANA CHAT, 3 OCT


[7:54 AM [Adam Montana] first - my thoughts and prayers for kcw's husband. We are told that it's nothing serious

7:55 AM [Adam Montana] dinarkicker will be filling in to post the questions, so don't get excited when you see someone other than kcw and I typing   thanks everyone

7:57 AM [Adam Montana] so on to Dinar – WOW

7:58 AM [Adam Montana] if you've been paying attention to the news, you've got to be as excited as I am. If you haven't been watching - I'll give a quick breakdown.

7:58 AM [Adam Montana] as recently as October 1 we have a TON of articles talking about a "mechanism" to resolve the HCL. For those that are unfamiliar with how arabic gets translated, a "mechanism" is generally a contract

7:59 AM [Adam Montana] that means that earlier this week they ALMOST signed this thing into law
8:00 AM [Adam Montana] October 2 two things happened - my Iraqi sources tell me that it was leaked that the budgetary committee was going to go NUTS if there was no plan to officially implement an immediate strategy to raise the value of the dinar when the HCL was resolved, and it threw a wrench in everything

8:01 AM [Adam Montana] October 3 that announcement was officially made - they are demanding an inclusion for "financial development"

8:02 AM [Adam Montana] I, for one, was literally on the edge of my seat most of yesterday waiting for some more news to break. Unfortunately we don't have it yet, but nonetheless - HOW EXCITING!

8:02 AM [Adam Montana] I didn't take time to count the amount of positive HCL related articles came out this week and last, but it is a STAGGERING amount

8:03 AM [Adam Montana] I guess at the end of the day, none of it matters until we can cash in... but my opinion is that the thing to watch is the HCL. As soon as they resolve that, we are THERE.

8:04 AM [Adam Montana] That's the weekly "State of the Dinar"... DK, whenever you are ready sir! Thank you for filling in for kcw this week, by the way :tiphat:

8:04 AM [Dinarkicker] new york kevin; So Sir, what is the real deal about all this talk about Iraq getting released from Chapter 7? What happened at the recent UNSC meeting in relation to this? Kuwait seems to be on board with a release from sanctions for Iraq.There seems to be more talk about this lately. There is even a little discussion about the HCL. What is the likehood that the HCL will be passed soon?

8:04 AM [Adam Montana] Thanks for the question NYK, I think you are on the right track here. I just gave a full opinion on the HCL. Regarding Chapter 7... has anyone noticed that there's not much news about it lately? I sure have. In my opinion, the reason is very simple. All of the requirements to be released from Chapter 7 have been fullfilled, and it's just a rubber stamp issue at this time. Therefore, they are focused on more important issues such as the HCL and the things necessary to regaining their wealth.

8:06 AM [Dinarkicker] EC429 Can you please help clairfy what happens if one is still holding the present dinar notes and the new notes come out. Do you believe that we will have an option and opportunity to exchange the present notes for the new notes without "cashing out" if one wishes to keep the notes for a few years?

8:07 AM [Adam Montana] EC429 i sincerely hope that we are able to do that. If we can, we are in a position to make an immediate gain and then also make more gains as the value goes up.

8:08 AM [Adam Montana] The question is... will they let us do that? I don't think they will. I think we are going to get a 90 days to a year before they phase out the current currency.

8:09 AM [Adam Montana] If we are lucky, and if they are smart, they will allow the value to grow as they are exchanging old for new notes. The CBI can make a ton of money doing this. I explained it in my thesis on why I thought the rate will be between .10 and a dollar, FYI - check my blog for that article.

8:09 AM [Dinarkicker] waitingondinar Hi Adam, I read an article in the forum and it mentioned the lifting of the zeros being an automatic function created by the intake of money in Iraq. If this is how it will happen, are we in for another long wait until this is accomplished?

8:10 AM [Adam Montana] waiting, I think there is a bit of confusion on that. When they say "automatic", it's not as cut and dried as the english word - by that I mean it won't instantaneously happen. It will be the "next step", but it will take time for the process to complete. Hope that helps

8:11 AM [Dinarkicker] gross0612 Developing military ties with Russia seems likely to scuttle Iraq's commitments to US interests including the RV as to when/how- yes - no - maybe?

8:12 AM [Adam Montana] gross0612 - I don't think it's going to matter. Think of it like the fat kid in school. He might get picked on most days, but if he shows up with extra sticks of gum, the whole class is suddenly his friend  same with Iraq. They aren't dumb, they are going to build as many ties and relationships as possible  and when they show up with extra packs of gum, they are going to have a lot of friends.

8:13 AM [Dinarkicker] flyguy2323 I saw in one of the posts that they released some smart cards. I know that a lot of us were feeling that this would be a great indicator that the RV was close to happening. I just wanted to know if you have heard anything about the smart cards and if it really is an indicator for the RV. Thanks again for taking the time to address my question. Flyguy2323

8:14 AM [Adam Montana] That's something that's been twisted and misunderstood for a long time. The smart cards aren't an indicator of the RV.

8:14 AM [Dinarkicker] Mammaw Wow, some interesting questions. I assume by the time you get to mine you will have covered it all. Adam, there is a great deal of news. Some good and some that sounds not so good. Based on your read, does it still look as though things are moving as fast as they seem to be?

Is the Iran support reports going to hinder any advancements that are needed to get the RV completed?I am at that point again where I need to stop reading so much of the postings. There is so much of it and I am beginning to wonder what is really "good" news, and what is not.

Just an old woman ready for the end of this ride to be over. Very tired, as I am certain so many are in these times. Best wishes to you and all your staff, for all you do.

8:15 AM [Adam Montana] haha! Mammaw, I think we all get to that point at times! :lol:

8:16 AM [Adam Montana] The situation with Iran at this time is fair, I am not worried about them. I'm very optimistic right now given the current state of the Middle East and the positive news on the HCL

8:18 AM [Dinarkicker] mattjenrocky Good morning, Adam! BTW...you are awesome! You may have already answered this but do you think the violence that has erupted over this film has delayed the RV? Does it have any influence on what rate the IDQ will RV at? Thanks!

8:19 AM [Adam Montana] I stated before that it was a concern, but I think it blew over fast enough and is no longer an issue. :twothumbs:

8:20 AM [Dinarkicker] Francie26 There is a quietness that has settled over Iraq, over Baghdad, itself, and even over Dinar Vets. It's a stillness, like that of waiting; yet, I read that there is unrest in Baghdad, that the people who live there are anticipating something too, something that hangs limply in the morning Baghdad air, something which cannot be seen, cannot be touched, smelled, or heard, only sensed, something that creates a dull roar in the head, not from the ears, not from the air, but from a vibrational anticipation standing on its edge, a sense of waiting for "it." Adam, what is "it"? And when will "it" finally get here? Hey, Dad, are we there yet? Any tips, clues, or suspicions will be appreciated.

8:21 AM [Adam Montana] Francie, Edgar Allan Poe has nothing on you. No, we aren't quite there yet

8:21 AM [Dinarkicker] RV-2-Day Adam Follow-up to my question from last week regarding the ability to purchase 1M Dinar now at $1,000 vs recent price at $1,200. Your answer of it's market driven may be feasable. However, this price is based upon purchasing 25k, 10k, & 5k Dinar notes.

If I were to purchase the same 1M Dinar in 250 Dinar notes the price goes up to $3400, a 283% premium for the same total Dinar. This looks to be more than market driven. The sellers are dumping the high notes at aproximately 17% below cost and selling the lower denominations at an extrordinary premium.

Given as you say the price is market driven, why would anyone pay a 283% premium unless there is knowledge that the higher denominations will be of less value, or have a greater conversion fee percentage, and/or that maybe the lower 250 note will not require conversion.

Interested in your thoughts regarding why the extrordinary high price for lower denominations. Is there something going on behind the scene?

8:22 AM [Adam Montana] Good question, and well thought out. The one thing that you're missing here has to do with the lower denoms

8:22 AM [Adam Montana] Yes, I think there's a chance they may be more valuable than the higher denoms, but I think that chance is fairly small

8:22 AM [Adam Montana] what is VERY important at this current time is the "cost" of the dinars to the dealers    They obviously buy it for less than they sell it, so when a bunch of bad articles come out, they are able to reduce their cost because a bunch of people sell their dinar back.  that's one way that the price goes down

8:24 AM [Adam Montana] now that there are more dealers - *** isn't the only game in town anymore - everyone is simply reducing their margins. They are still making money, just not as much.

8:24 AM [Adam Montana] but back to the lower denoms... how many 250 notes do you get out of a 25,000 note?   100.  That means that a million dinars in 250's weighs ONE HUNDRED TIMES more than a million in 25,000's

8:26 AM [Adam Montana] since dinar isn't printed here in the US, the dealers have to pay shipping costs... higher weight = higher shipping costs, which means they have to charge more for the product

8:27 AM [Adam Montana] with that in mind... I really don't think a 283% difference in price for an item that is 100x heavier is that big of a difference in fact, it makes perfect sense

8:27 AM [Adam Montana] at this time, we are all waiting for the dinar to RV. The dealers are making money on it before the RV, so they are going to keep running their businesses until that announcement.

8:28 AM [Adam Montana] The amazing thing for them is that when the RV is announced, they are going to be in possession of a LOT of money... pretty stellar business plan if you ask me. :twocents:

8:29 AM [Adam Montana] None of that - the price of dinar, the weight of dinar, how much the dealers are making - NONE OF IT - matters a hill of beans to our investment. Iraq couldn't care less how much Ali or Ty or Jeff or any of the others are making - they are looking at recapturing a monstrous - yes, I said MONSTROUS - amount of wealth.  I'm just here for the ride :)

8:30 AM [Adam Montana] ok, that's it for me friends! As always - keep a level head. I'm excited right now, but that doesn't mean something won't happen tomorrow to push this back another year or two. I hope not, but it's always a possibility.  Best regards to you all

Reuters: Iraq dinar is short-term disappointment, long-term bet, 3 october


Reuters: Iraq dinar is short-term disappointment, long-term bet



 Iraqis still prefer hard currencies for many transactions

* But some foreign speculators see long-term opportunity

* External, budget surpluses could eventually boost dinar

* For now, central bank wants to keep currency stable

* Any major appreciation unlikely before two or three years

By Aseel Kami

BAGHDAD, Oct 3 (Reuters) - Many Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions.

The logic of the dinar bulls is simple. Iraq's oil exports rose to 2.6 million barrels per day in September, their highest level in three decades; the country aims to hit 6 million bpd by 2017, which would put it close to Saudi Arabia's current level.

Even if unstable politics, militant violence and bureaucratic inefficiency prevent that target from being hit, Iraq still seems to be on the threshold of an oil boom that will transform its finances.

Inflows of new oil revenue could give the country big external surpluses and push state finances deep into the black by late this decade - the classic recipe for a strong currency.

"As far as our investors are concerned, when they buy Iraqi dinars they do know it is a long-term investment. You know it takes time for a country to rebuild itself," said Hassnain Ali Agha, president of Dinar Trade, a U.S. dealer of exotic currencies.

Because the dinar is not freely traded by banks outside Iraq, online dealers of banknotes such as Dinar Trade are the only way that most foreigners can invest in the currency. The Las Vegas-based company says it sells as much as hundreds of thousands of dollars worth of dinars daily, shipping dinar notes to thousands of customers in the United States and elsewhere.

Agha said that because of optimism about Iraq's oil wealth, there had been solid demand for dinars since his company was founded in 2004, a year after the U.S. invasion which triggered years of political violence and economic turmoil.

Back in Baghdad, however, Iraqis themselves are not convinced. Many take what opportunities they have to change their dinars into hard currency, and conduct all but small day-to-day transactions in U.S. dollars.

"We have no trust in the Iraqi dinar - we feel afraid to save it. We trust the dollar more. The dollar does not go up and down, it is fixed," said housewife and mother-of-two Eman Saadeldine.


WILD SWINGS

The dinar has endured wild swings over the past three decades. In the 1980s, one dinar bought around $3, but economic sanctions imposed on Iraq around the time of the 1991 Gulf War sent the currency into decline and stoked inflation, which the government fuelled by printing money. By late 1995, $1 bought as much as 3,000 dinars.

After the 2003 invasion, the central bank intervened in the currency market to strengthen the dinar, using its supplies of dollars to manage the exchange rate.

But over the last several years, even as Iraq's oil production has expanded, there has been none of the appreciation for which speculators have been hoping. The central bank now sells dollars in daily auctions at a fixed price of 1,166 dinars, a level barely changed since 2009.

In fact, the dinar has recently faced downward pressure as a result of the international economic sanctions imposed on neighbouring Iran and Syria. Iraqi traders rushed to buy dollars to sell on illicitly to residents and businesses in those countries, which are hungry for hard currency.

The dinar fell as low as 1,280 in the open market this year before Iraqi authorities reacted by allowing two state-run banks and some private lenders to sell dollars, helping push the exchange rate back to around 1,200 currently.

Another factor counting against the dinar is the fact that the largest banknote is only 25,000 dinars. This often makes the currency unattractive to use in an economy where the banking system is primitive and deals are often done in cash.

Saadeldine recalls paying in cash for a new house in 2009.

"If our money had been in dinars, it would have been impossible for us to carry it. It was in dollars and we carried it in a small suitcase," she said.

The central bank has been considering plans to knock three zeros off the nominal value of banknotes to simplify financial transactions. This would not in itself increase the real value of the dinar, since prices would adjust in line with the redenomination, but economic experts say it could improve confidence in the dinar and thus boost its value eventually.

"It would increase trust in the dinar even though its value would not change," said Baghdad-based economist Majid al-Souri. "Indirectly, when trust increases there will be appreciation."

Earlier this year, however, the cabinet decided to suspend the technically complex redenomination plan until further notice, saying the economic climate was not suitable.

The biggest obstacle to dinar appreciation is the fact that for now at least, Iraqi authorities appear content with the exchange rate in its current range.

In a memorandum to the International Monetary Fund on economic and financial policies for 2011, written in March that year, the Iraqi government said it saw benefits in keeping the dinar stable.

"We believe that the policy of maintaining a stable exchange rate continues to be appropriate, as it provides a solid anchor for the public's expectations in an otherwise uncertain environment and in an economy with a still very low level of financial intermediation," it said.


LONG TERM

In the long term, however, Iraq's finances and economy may improve so dramatically that authorities feel comfortable allowing the dinar to appreciate under the pressure of flows of oil money into the country.

The IMF expects this year's estimated budget surplus of just 0.2 percent of gross domestic product to balloon to 12.1 percent in 2017. The country's balance of trade in goods and services, in deficit as recently as 2010, is projected over the next five years to shift to a large surplus of 11.3 percent of GDP.

Deputy central bank governor Mudher Kasim told Reuters that he expected redenomination of the dinar to go ahead in 2014 or later, by which time the amount of Iraqi currency in circulation would have increased significantly, making financial dealings in cash even harder.

In the long term, the central bank aims to make 1 dinar equal to $1 with a combination of redenomination and appreciation, although that will take over three years because of instability in the Middle East, Kasim said: "If not for the regional circumstances, we would proceed faster with that plan."

Some analysts think the appreciation could go further. Kamal al-Basri, research director at the Iraqi Institute for Economic Reforms, an independent research body in Baghdad, said he expected the dinar to stay stable for the next three years, but that afterwards it might strengthen beyond parity against the dollar, including the effect of redenomination.

For that to happen, Iraqi politics will have to stabilise, skill and education levels rise and the economy diversify so that it is not so heavily dependent on oil exports, he said.

Speaking at the Baghdad currency exchange shop that he owns, Ahmed Abdul-Ridha said the dinar's stability in the past three years was good, but it did not indicate the long-term trend.

"We wish the dinar's value would go back to what it was like before, when it used to equal $3 in the 1970s and even in the 1980s," he said.

"I expect that day will come. Why not? What we are going through is an abnormal condition...We are an oil country."

ANALYSIS OF ARTICLES RELATED DELETE ZEROS, 3 OCTOBER



Med (20:30:43): GANG    WE CAN DISCUSS ANYTHING    THE DINAR IS WHAT WE ARE HERE FOR    IF YOU HAVE A ?    ASK IT    I WILL SAY THIS   SALEH DOES ANNOY ME   A LOT    BUT I MAY HAVE UNDERESTIMATED HIM    I THINK WHAT HE IS DOING    IS NEEDED   TO BLINDSIDE ALL   TO MAKE PEOPLE FEEL THEY ARE GONNA DO IT AGAIN  AND HOPE TO GET PEOPLE TO GIVE UP

    Roadrunner: I think he has been "ploying" us for a long time.. He is so off the wall that it has to a tactic

    Med: I DO AGREE

    Roadrunner: one day this, the next day that

    Med:    HE HAS MADE WAY TOO MANY PROPER STATEMENTS    ABOUT THE REASON FOR THE DELETION    AND WHY IT IS HAPPENING    AND NOW CBI IS NOT INTIMIDATED

    Roadrunner: absolutely!!
     Med:    NOR ARE THEY UNDER ANY OBLIGATION TO THE GOI    TO SAY CAN WE    PARLIAMENT DECIDED THAT ALREADY    AND THE PARLIAMENTARY FINANCE HAS ALSO ALREADY GIVEN THE OK TO GO FORWARD   IT IS POSTED IN THE FORUM    THERE HAS TO BE A TIME    AND I THINK I STATED THIS A WHILE BACK   THAT THEY WILL KEEP THE BS GOING   TO CONFUSE AND FRUSTRATE    OK ANYONE    ASK AWAY  DONT BE SHY    I HAVENT BANNED ANYONE FOR ASKING A STUPID ?    IN YRS

    Roadrunner: "propaganda" as you and MM17 would say

    aj4now:    I could be the first.......    but......when do you REALLY think this will happen

    Med:    I TALKED TO MY WIFE TODAY ABOUT THIS  CINDY AND I WERE DISCUSSING THAT IF ALL IS STILL FACT    AND WE DONT PUT ANY TRUTH IN WHAT SALEH SAID    THEN DANJ IS RIGHT    AND WE ARE WITHIN 2 -3 MONTHS    OF AN RV    THE 2013 BUDGET IS STILL HUSH HUSH

    aj4now: thank you.......

    Med:    NOT LIKE PAST ONES    YW

    surfsidedan: Med can you explain what they mean about the banks allowing to sell $ 5000 with out conditions to the citizens of iraq, what are they selling Dinars or Dollars

    WASwearingen: 3 years ago the leak of 1,47 was released....why would now 3 years later shabs come out low when he was prepared to go with that figure

    Med:    YOU KNOW WAS    I HAVE ASKED MYSELF THAT MANY TIMES    HOW COULD HE HAVE    LOOK AT ALL THE PREP   THAT WAS STILL NEEDED   IT TOOK TWO YRS FOR THAT   HE CLAIMS IT  THAT HE WAS GOING TO    HONESTLY I JUST DONT SEE AFTER KNOWING ALL WE DO    HOW HE EVER COULD HAVE DONE IT    OK DAN

    WASwearingen: thanks

    Med:   LET ME READ THAT AGAIN   YW    DAN    WHERE IS THAT ONE POSTED

    surfsidedan: It was posted early today

    Med:    I ONLY SEE THREE UNDER NEW POSTS    AND DONT REMEMBER WHAT IT WAS POSTED UNDER

    surfsidedan: may have been yesterday

    Med: I THINK HARRY POSTED IT

    ranjoesgirl: http://www.dinarspeculator.com/showt...0-for-citizens  there you go

    surfsidedan: thank you ranjoesgirl

    ranjoesgirl: np

    Med:OK I READ IT AGAIN    THAT IS WHAT TOOK SO LONG    TO ME IT IS TAKING DINAR OFF THE STREET    ALLOWING FOR PEOPLE TO USE DINAR    THIS OPENING THE CEILING    WILL SPEED UP THE REMOVAL OF THE LARGE DENOMS   EVEN FASTER

    surfsidedan: why would a iraqi turn in dinars for dollars, doesnt make sence

    Med:SURE IT DOES DAN    WHAT IS THE CURRENCY OF CHOICE IN IRAQ    THE USD    REMEMBER THEY WERE DUMPING THEIR DINAR    ON THE STREET   TO TRADERS    RIGHT NOW THEY ARENT GOING TO BELEIVE ANY PROMISES

    surfsidedan: if he held on to his dinar would it not be worth more when they revalue so why would he get rid of it now

    Med:   BECAUSE THEY ARE NOT IN THE POSITION WE ARE   YOU HAVE POTABLE WATER   ELECTRICITY   A JOB

    WASwearingen: eating is a daily habit

    Med:   FOOD ON THE TABLE    YES

    surfsidedan: they have no faith in their currency

    Med:THEY ARE ONLY CONCERNED WITH LIVING DAY TO DAY  NO THEY DON’T

    surfsidedan: ok

    Med:    YOU RE THINKING LIKE A WESTERNER    WHICH IS NO BIG DEAL    JUST DONT DO IT EVER AGAIN    LOL

    surfsidedan: so their government is not looking out for their best interest

    Med: NOW DAN   YOU HAVE WATCHED THIS AS LONG AS I HAVE   AND YOU HAVE TO ASK THAT   LOL

    surfsidedan: sounds like they want to keep the poor , poor

    Med:    THERE R 2 CLASSES IN IRAQ    RICH   POOR   THERE IS NO MIDDLE    AND NO DEMOCRACY HAS SURVIVED    WHO DOES NOT HAVE A MIDDLE CLASS

ALERT LEVEL 4 DECLARING A PASS TILL THURSDAY EVENING, 3 OCTOBER



11:45 PM ladyrace: OK, SO... ALTHOUGH WE ARE IN G R E A T S H A P E!!!! THERE IS A FRESH "DISTURBANCE IN THE FORCE" THAT PRECLUDES ANY SIGNIFICANT MOVEMENT TILL IT CLEARS::::::::::::::: 

SO... TO EXPRESS THAT REALITY AND BE TRUE TO OUR POLICY HERE AND AT DINARIAN.COM::::: I'M TAKING PLANET AND DINARIAN DOWN TO ALERT LEVEL 4 AND DECLARING A PASS TILL THURSDAY EVENING, 8PM BAGHDAD TIME::::::::::::: 

THIS IS NOT.... NOT ANY REASON TO BE DE-MOTIVATED OR UPSET, IT IS A BETTER REFLECTION OF WHERE WE ARE ... "AT THIS MOMENT"..... SO ASKING YOU TO STAY GROUNDED BUT NOT DOING THE SAME IS NOT REALLY STAYING TRUE TO OUR DEAL HERE! IMHO
    
11:46 PM ladyrace: NOW, WHAT A "PASS" MEANS IS THAT DURING THE PASS, THE CHANCES FOR AN RV OR OTHER SIGNNIFICANT CHANGE IN VALUE ARE REDUCED..... NOT PERMANENT, JUST REDUCED TILL THURSDAY EVENING!
  11:47 PM ladyrace: THE SHINY SIDE OF THIS::::: EVERYONE CAN REST UP AND RELAX .... FOR 48 HOURS OR SO....
  
11:47 PM ladyrace: IF THIS CHANGES IN A SIGNNIFICANT WAY, I'LL BE HERE TO LET YOU KNOW, TILLTHEN...... CHAT!
  
11:47 PM ladyrace: YOU OUGHT TO SEE THIIS ELSEWHERE BY TOMORROW MORNING.... THEY WILL PROBABLY SAY SOMETHING LIKE "WE LOOK GOOD FOR THE WEEKEND!"
 
11:47 PM ladyrace: WHICH MAY OR MAY NOT BE ACCURATE! AS THE ORIGINATOR OF "HOPIUM".... PLEASE  HAVE A DOUBLE AND PASS THE BOTTLE.... WE ARE FINE! JUST WAITING FOR THIS TO 'CLEAR'.... LIKE WATER ACROSS THE ROAD, SO WE CAN MOVE ON DOWN THE LINE A LIL FARTHER!
 
  11:48 PM ladyrace: THERE COULD BE AN ADJUSTMENT TO THE 'TIME' OR THE HOUR.... AS THE FOG LIFTS, WE WILL SEE..... SOME OF THIS WAS RELATED TO FACTS FROM LAST NIGHTS CONFERENCE CALL!

  11:48 PM ladyrace: OK, WE CAN CLASSIFY THIS AS A "POLITICAL ISSUE" WHICH IS A TEMPORARY 'STOPPER' DUE TO THE SCHEDULEING TO GET THE RELAVENT PARTIES TOGETHER TO DISCUSS, NEGOTIATE AND AGREE.... WHICH THEY WILL DO!
 BU THEY WILL NOT START TILL THURSDAY AM AND IT SHOULD BE A 1 DAY DEAL.... METHINKS

    11:49 PM ladyrace: that's it so we rest easy until 10 am Thursday morning our time

Specialists seem afraid of the possibility of increase in the U.S. dollar exchange rate, 3 october


Specialists seem afraid of the possibility of increase in the U.S. dollar exchange rate



10/03/2012 12:00 am
After the announcement of the amended Central instructions currency auction
select the central bank set of instructions, said it is part of the drainage system free and open society, pointing out that these measures have been taken in order to activate and energize the daily currency auction to sell the dollar,
stressing The instructions included allowing banks and banks determine the sale price of the dollar to customers provided that they do not exceed the rate of sales per capita five thousand dollars, as well as canceling amounts of foreign currency ceilings sold on a daily basis for the banks, and the center of those actions which sees many of specialists in economic affairs importance as part of the monetary policy efforts to improve and revitalize the value of the dinar against other foreign currencies, criticized Attorney Haitham al-Jubouri not specify a certain price to sell the dollar, calling on the central bank to impose certain measures limiting the possibility of the high exchange rate of the dollar against the dinar, which reduced the risk of economic expert, Dr. Majid picture which indicated that the central bank has the necessary tools to counter any gains in the U.S. dollar exchange process, as well as its ability to strengthening of the dollar market demands.
central bank reiterated its commitment to maintaining the value of the dinar and stability as part of a policy aimed at the protection and growth of the national economy, said through a statement that the bank guarantees to meet the demand for foreign currency in full and not intersects with the anti-money laundering law.
central and announced according to the amended statement of foreign currency auction instructions as part of efforts aimed at moving towards a system free and open exchange, noting that this amendment will ensure cancellation ceilings amounts of foreign currency sold to banks day for the purposes of conversion, doubling the foreign currency ceilings sold in cash to banks a week, as well as granting banks the right to determine the price of buying or selling foreign currency to their customers, the void at the same time selections previous price listed by the bank earlier .
called central to sell the dollar by banks to customers at a rate not to exceed five thousand dollars per person, according to the identity of the civil case, hang at the same time the previous instructions that circulated in this regard to private banks.
turn Male Deputy Governor of the Central Bank of the appearance of Dr. Mohammed Saleh during his speech for the (morning): that those measures are taken in order to make way for the participation of the widest possible number of private banks in the daily currency auction, pointing out that such broad participation pour in the interest of meeting the needs of the market of hard currency, and preventing monopoly by speculators who seek to make a price difference between the exchange rate of the dinar and the dollar.
Saleh noted that the Iraqi market stabilized significantly in the past few months, stressing that dollar exchange rate over the stage he called (stage attacks currency) event during which a significant increase in demand for the dollar as a result of increased trade with neighboring countries, indicating that the exchange rate of the dinar is in these times within safe Bdil range procedures that the bank’s determination to be taken in order to reduce money laundering and currency smuggling.
Saleh said: that those actions which bent the Central Bank to be taken will be enough to hold significant deviations in the market and will reduce a lot of selling the currency in black markets, and in response to a question (morning) on make way for private banks put pricing to sell the dollar and the possibility that happens Anfelata it in the exchange rate Saleh said: I have seen previous periods set strict price controls by Central Bank to sell the dollar, but that did not witness restrictive controls in sales, which means that the actions that can be taken to impose specific pricing for the role may not be implemented optimally by the banks.
dollar had witnessed steady gains during the past few months before settling at a price of 1227 dinars to the dollar in the price of special Chierfat, and is led by the many stakeholders to the high values ​​of commodities and goods that are imported to the dollar, thus increasing rates Inflation, which called for many of those involved in economic affairs to the central claim to intervene to put an end to the increases, and seek to reduce the value of the dollar against the dinar.
turn praised MP Haitham al-Jubouri action taken by the central aim of reducing of currency smuggling operations, pointing out that the dollar exchange rate controls and seek to sell equation with the dinar is very important for the future of the national economy, is that Jubouri expressed during his speech for the (morning) fears allow the banks to determine certain price to sell the dollar to its customers, saying that this could lead to the control of banks and private banks on the exchange rate of the dollar and thus higher prices.
between Jubouri that the central bank is working to pump money back to the people first, So it is primarily the foundation trustee of all cases of washing, as well as the central demands of placing a special exchange rate to the dollar, and not leave it to private banks that could sell foreign currency prices as it deems appropriate, especially when it Looking for profitability more than anything else.
revealed money laundering office of the Central Bank of Iraq for the preparation of a new draft law to money laundering, according to the actual need for stage requirements and challenges, noting that the project will be forwarded soon to the House of Representatives. The Director of the Office of money laundering Khaled Cltag (Brief Center for the Iraqi Media Network) that his office “under the guidance of the Joint
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