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Thursday, November 29, 2012

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PROJECT DELETE ZEROS DISCUSSION, 29 NOV


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

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

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

http://translate.google.com/translate?langpair=auto|en&u=http%3A%2F%2Fwww.burathanews.com%2F

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FULL ARTICLE & LINK

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

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

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

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

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

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Delete the zeros MUST be at the beginning of a fiscal year - Supporting Archived Article

Delete the zeros MUST be at the beginning of a fiscal year - Supporting Archived Article


SEPT 6, 2012 - Does the project will remain a dead letter permission as described by Central Bank Deputy Director Mohammad Saleh appearance? .... Was the decision to delete zeros of the Iraqi currency in many opinions Pro and con, economists believed that the resolution would lead to the collapse of the national currency and some other that he would return to the country with great interest and unfortunately its await as a joint venture between the Government and the Central Bank. As long as the Government seeks to postponed due to security concern, it could not be implemented this year or the year after – as Deputy Director of the Central Bank — the timing is very important in this case and that its implementation must coincide with the beginning of the fiscal year, so you will not find a space for implementation this year inevitably ... Regrets for the delay of the country's economic performance will improve efficiency as long as currency and reduce the influence of big numbers, monetization needs to cash large and small groups will be dealing with categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to the categories below as dinar (half dinars and quarter-dinars) and (50 Fils, 25 Fils).Source

SEPT 6, 2012 - The policy of the Central Bank — by Salih to the stability of the dinar against the US dollar,likely equal the price of the Iraqi dinar against the US dollar over the next two years after the implementation of the project to delete the three zeros Iraqi currency. Source


AUG 29, 2012 - A few steps has been taken up by the country to stabilize the economy of the country. The government has decided to make adjustments in the currency. Since 2007, the government has been discussing about removing 3 zeros from its currency. It means that 1000 dinars of this time, will become 1 dinar in near future after the change is implemented. This is one of the most controversial issues, but till now the change is scheduled to happen in the year 2013. This change in the dinar will ensure that the country will have a stable currency and a stable economy. Source

         *AUG 10, 2012 - Juburi, said Finance Committee draft supports the deletion of zeros and the currency switch, the Government must be involved in this project as responsible for the country's fiscal policy ", likely to be direct in this project by July next year 2013". Source (see below, July is off limits because its in the middle of a fiscal year) 

AUG 20, 2012 - Saleh drew the interest of the Exchange must be with the new fiscal year, "the Iraqi Government's accounts cannot be registered in the same year, two forms of financial values"Source

AUG 17, 2012 - The CBI said seeking to reduce the use of cash (CASH) in the country, because of the challenge of geography and security issues that make money transfers within the country difficult and risky. The Bank said in a statement carried by the official (independent Iraqi news agency) "go endeavour to automating reconciliations for checks and payroll and activate automation systems e-card, to keep more cash in bank accounts". Source

AUG 17, 2012 - Said the Iraqi Central Bank: "The dollar selling to banks aimed to withdraw liquidity from the market as is the case in which the majority of the world's central banks and the bank said in a statement yesterday:" The majority of markets where price official price parallel, the World Bank seeks to minimize the difference between the two rates through inspection teams, to comply with the instructions of the Central Bank, which sells the dollar to all government and private banks and branches of foreign banks, not the banks civil just pointed out: "The policy followed by the Bank since 2004 and so far is one of the successful policies, as has cut inflation from 50% to 5.8% and a drop in prices and stability result tools that were in place and that was investing night and deposits of maturities / 7 and / 14 and /30 days of the dinar, in addition to investment and night deposits of maturities / 7 and / 30 and / 90 / days of the dollar "..
Indicating that the Bank canceled tools mentioned except deposits to order 7 days of the Iraqi dinar only to encourage banks to grant credit for industrial projects, agricultural and residential and pointed out that the monetary policy was welcomed by the International Monetary Fund. Source
AUG 18, 2012 - She stir up against you is to adopt the Iraqi Center plans and scientific programmes in order to create the stability of the dinar against the US dollar, with the civil almsark welcomed the Central Bank took over responsibility for overseeing national allowance system PBX, foreign companies will bring great prosperity in the work of the banks. She explained: the PBX system will serve as a national focal point in which all feed into bank accounts throughout the year and will settle the bank accounts of the creditor banks and condemned for not falling banks a financial loss. The PBX system will enrich the national banking sector from dependence on foreign companies and would reduce Melasma and risk of dealing with foreign companies. Source

AUG 16, 2012 - the Bank canceled the tools mentioned with the exception of deposits to term of seven days for Iraqi dinar only to encourage banks to grant credit for projects of industrial, agricultural and residential, and drew that monetary policy has been welcomed by the International Monetary Fund. Source
AUG 11, 2012 The parliamentary financial warns of economic crisis ... And next year's budget will be in the new currency She explained that "the recommendations issued by the Committee of finance to the Central Bank include issuing new Iraqi currency during the next yearand other recommendations relating to indebtedness upon completion of the new currency."  On the subject of"petrodollar distribution to citizens pointed out Najib" there is text in the budget gives authority to the Government to grant the surplus of oil profits to citizens after issuing instructions from the ministries of finance and planning, banner that delay distribution is due to return supplementary budget to Parliament by the Government.Source

AUG 11, 2012 - Iraqi Central Bank, foreign exchange reserves rise to 67 billion dollars, adding that these reserves are the largest in the history of Iraq, noting that these reserves is one monetary policy to reduce inflation in Iraq. Deputy Central Bank Governor Mohammad Saleh appearance that "Iraqi Central Bank reserves of hard currency rose to 67 billion dollars, up from 63 billion dollars at the end of may", stating that these "reserves are the largest in the history of Iraq".  Source

AUG 7, 2012 - the House of Representatives received a formal letter from the Central Bank containing details of the project to delete the three zeroes from the currency and calls for its application early next year, saying there is no objection large by the House of Representatives on the implementation of the project that the country is still is poised to replace the national currency. Source

AUG 6, 2012 - The Committee also discussed the papers received from title research service/our green economy to achieve sustainable development and reform of environmental indicators highlighted the fact Iraqi oil to discuss adding the book received from Central Bank of Iraq, containing the position of the dollar sales for may 2012 banks, the book received from the Central Bank, containing the draft restructuring of currency/project delete zeros. Source

AUG 3, 2012 - A member of the parliamentary finance committee, Najiba Najib, in a press statement, said that there is a tendency by the legislature with the support of the Central Bank's policy to restructure the Iraqi currency and delete zeros at the beginning of next year. She explained that this issue began to mature day by day for the members of the Finance Committee and the Economic Commission, noting that preparations for the central bank to implement the project under way, but it is incomplete yet. They pointed out Najib, the Deputy for the Kurdistan Alliance, that the project will be implemented over two years by government banks, and will be part of the new currency coins of small denominations. Source

July 29, 2012 - The parliamentary Finance Committee said earlier that the process of replacing delete zeros from the currency and will be gradually beginning next year, noting that the process takes two to three years. Committee Member said Hasan aozmn said the Central Bank will begin to withdraw the current currency next year start gradually and keep the current currency trading to give citizens sufficient time to Exchange ". He aozmn Exchange and delete zeros successful and useful for the Iraqi economy through its success in several other countries, pointing out that "process will contribute to ease carrying banknotes to the citizen and will not have any negative impact on the economy (according to him). The parliamentary Finance Committee announced early this month that next year's budget in the new currency will be 2013 after deleting three zeros from the current currency, saying that the reluctance of traders and trading companies behind the Iraqi currency the Central Bank adopted draft delete zeros. Source

July 28, 2012 - Deputy Central Bank Governor Mohammad Saleh appearance that» three zeros deleted project of Iraqi currency in need of a new financial period, because all accounts start with the new currency and accounting notebooks may be registered in a currency different from the currency in which the beginning of the year «recorded. »  Start the deletion of zeros from the currency in mid-2013 is the proposal with members of the Finance Committee in the Chamber of Deputies but the Central Bank held talks on the proposal and found it may not start with the project in the middle of a new fiscal year.  Source

July 24, 2012 - Shabibi "The main reason for the process to delete the zeros due to the economic stability experienced by the country and large cash capacity in the Central Bank." And on the currency auction Shabibi said: "The operation as a window to enter the foreign currency and raise the value of Iraqi dinar."

July 23, 2013 - The CBI predicted delays in putting the new currency early next year and to developments and discussions with the Government. Prime Minister Nuri al-Maliki demanded earlier with the Bank to wait with his work and put it in the currency changeover from January of 2013. Central Bank Governor Sinan Al-Shabibi: "put the currency early next year is uncertain because of the recent discussions and debates with the Government". Al-Shabibi said "it would be in the process of cooperation with the Government." Central Bank Governor noted that the continuing currency switch, and the previous dates for remaining but developments have delayed. The Bank confirmed the earlier: "ask the new currency would be 1/1/2013, despite Government demands a wait operation"The World Bank official letter to Cabinet explaining pros switch currency market and money supply and exchange rate increase and other issues. Source

July 23, 2013 -  Central Bank currency reserves have so as to cover the deletion of zeros Shabibi: noting that the Central Bank has a reserve currency enabling a process delete zeros and coverage. Al-Shabibi said that the main reason for the deletion of zeros due to the country's economic stability and the ability of large cash at the Central Bank. And on the auction currency between Al-Shabibi said the operation as a window to enter the foreign currency and raise the value of Iraqi dinar. Source

July 16, 2013 - the Bank attributed the reasons to delete the zeros of the first three reasons that the deletion of zeros will be an opportunity to #1 add new properties to the Iraqi currency to prevent potential counterfeiting of the new currency through the use of high security specifications, thereby increasing the confidence of stakeholders (public institutions) as a result of reduced or no cases of counterfeiting. He said #2 the second reason that the deletion of zeros will lead to reduction of alakiam digital currency financial walmahasbet and the play of reduce the time and effort and cost required to complete financial transactions and accounting as well as the possibility of reducing the number of banknotes in circulation, especially if the banknotes were printed in large groups. ". The reason #3 the third Ankh enhances the possibility of maintaining the exchange rate of the Iraqi dinar against foreign currencies gained the confidence of its clients. Source

July 12, 2012 - Najib announced (the third of July, current), that the budget next year 2013 will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Bank Central project to delete the zeros. Jubouri revealed on 15 May 2012, that the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012 the direct printing of new currency in different categories. Source

July 11, 2012 - Economic Committee confirmed the continuation of the old currency for the biggest time possible will be replaced early next year, stating that the banks will pull all old currency market and inject new currency charge. Rep. Committee Abdul Hussein ressan told future news agency reporter today, Wednesday, said: "the Central Bank in accordance with court plan strategy prepared in advance to replace the currency in coordination with the financial and Economic Committee and the relevant authorities both in the Executive or Legislative Council, include withdrawal of old currency for almost two years and delivered to banks which in turn will deliver the currency to the Central Bank over the past ten years of destruction". He said: "the new currency will be offered to the market by early 2013, as well as the presence of old currency that will operate over ten years ago, and that the new currency after two years will be available in local markets after the end of the old currency. Source

July 8, 2012 - Fayez said in a press statement: that the deletion of zeros will help citizens to ease trading and exchange currency and ease of download categories a few cash in purchasing goods and goods. He added: the operation would raise the moral value of the Iraqi currency and does not leave any damage or danger to the Iraqi economy. And: the Iraqi currency will be pumped to zeros deleted market and will work with the old currency to the old currency is withdrawn permanently from citizens. Source

July 1. 2012 - Iraq market for securities befriends a software to develop its work / NASDAQ OMX /Arabic & English for use in 2013 the Board of Governors with honest company (NASDAQ OMX) a software license (Ticker Tape System) for the Iraq market for securities to broadcast real-time information in the Hall (Online) on two screens they prepared for this purpose in Arabic and English. Source

DINAR GURUS UPDATE, 29 NOV


11-29-2012  Newshound/Intel Guru BGG   Article:  "Parliamentary Finance: the next budget will be free of zeros"   If this is true...once the budget is made public, it won’t take a math wiz to figure out what the number is going to be. HANG ON!!

11-29-2012  Newshound Guru Adam Montana   [With all the corruption, mismanagement of funds, border entry problems, unemployment of people, non-agreeing parties of the different sects, and the overall disagreement between President Talabani and the Prime Minister Maliki on the HCL implementation, do you really think that the country of Iraq is indeed set up for and ready for the RV to happen now?]    Yes I do.  Corruption is not unique to Iraq, and corruption does not PREVENT profits from being made or successes occurring.  Maliki and Talabani may have a disagreement, but like every other disagreement - there is room for compromise. This is simply part of the PROCESS that we are part of - disagree, argue, delay, compromise, move forward.   obviously we don't like the first 4 parts of that process, but nonetheless - the 5th part gets done and eventually we will get to the finish line depsite the delays, corruption, and disagreements.  And at the end of the day as long as our runner gets across that finish line, who really cares how many times he tripped on the way there?

11-29-2012  Newshound/Intel Guru BGG   [Will the VND go before the IQD? ] Anything is possible, but, IMO, I believe it's a little less than 50/50 chance that it will, all is predicated on the timing of the IQD.  We will probably have an RV before they get out of Chapter 7.  I do not see this going deep into 2013.  IMO, I think the rate will start in the low $3 & then go up in the $4 range in the first year.  It's possible it will start at $1, but I personally don't see that.  I think they will start it where they need it & go up from there.   I am more sold on this IQD investment than I ever have been, this is a very good investment.

11-29-2012  Newshound Guru Adam Montana    Regarding the "Certificate of Authenticity" - that's a fallacy most likely pushed by Dinar Dealers, which is no different than the "savings" card you get at your local grocery store.  If your dinars are authentic, then they will be traded with or without a Certificate of Authenticity or Sales receipt If you take Euros or Dollars to the bank, they don't ask for a receipt or Certificate - they verify that they are not counterfeit and they make the transaction. End of story. [Dinar Guru members received black light photos and DYI black light fake dinar tests 2 weeks ago...Not a member?  Get signed up in the blue box above!]

11-29-2012  Newshound Guru Tlar  I think we will see an RV sometime Jan - March but keep in mind, all of have made mistakes in trying to figure this out as to when it will happen.  
My opinion is based on...articles...and could change with the next series of articles presented.

HISTORY WILL REPEAT ITSELF SOON, 29 NOV


HISTORY WILL REPEAT ITSELF SOON. BY THE LAST COUPLE OF YEARS IN THE CLINTON PRESIDENCY HE MANAGE TO FIX THE SITUATIONS OF THE TIMES ( THE DEPRESSION AND DEBT ) , BUT DON'T THINK FOR A MOMENT THAT THE  MATH USED BY THE CONGRESS AND SENATE ADDED UP TO THE DIME

FOR IT DID NOT.  BUT THERE WAS SOMETHING OCCURING THAT HAD TO GET DONE THAT WOULD PLACE A BAND AID TO THE U.S. ECONOMY,  AND THAT WOULD GIVE THE PRESIDENT THAT WISH HE WANTED HIS LEGACY ( SOMETHING INHERITED FROM A PREDECESSOR, A HERITAGE ) .  THAT WHICH WAS OCCURING WAS THE REVALUATION OF THE KUWAITI DINAR AND YES THAT GAVE SURPLUSES AND A BAND AID TO THE U.S. ECONOMY.

NOW WE HAVE THE SAME SITUATIONS OCCURING WITH ANOTHER PRESIDENT BUT WITH ANOTHER CURRENCY THE IQD.
SAME DEAL NO COMPROMISE AND THE BAND AID OF THE PAST IS LONG GONE.  BUT WE NOW HAVE ANOTHER PRODUCT FROM THE SAME CONFLICT, ONE THAT ONCE IT IS PULLED OFF CAN AND WILL ACCOMPLISH THE SAME DEEDS AND CREATE THE SAME RESULTS THAT WAS OBTAINED BY CLINTON, AND THAT IS THE OBAMA LEGACY.

  AS YOU CAN SEE IT HAS TAKEN MORE OR LESS THE SAME AMOUNT OF TIME TO GET THE SAME RESULTS ( 10 YEARS EACH ON BOTH ACCOUNTS ).  WHILE IN THE CASE OF KUWAIT IT RV FIRST AT 3 + AND THEN JUMPED TO IN OR AROUND THE 7 + RANGE IN JUST 6 HOURS AND THAT MADE THE U.S. AND ALL INVOLVE BILLIONAIRES.

IN IRAQS CASE DUE TO THE ECONOMICAL DEMANDS OF THE MINUTE IT SHOULD APPEAR WAY INTO THE DOUBLE DIGITS PLACING ANOTHER BAND AID TO THE U.S. ECONOMY. EVEN THOUGH THERE ARE SOME MINOR DETAILS TO BE POLISH OUT ( TAXATION TO THE RICH ) IN ORDER FOR THE TOTAL PACKAGE TO BE COMPLETED,DELIVERED AND SIGNED.

AS YOU CAN SEE THAT IS IN PROCESS AS WE SPEAK, JUST PRAY THAT ALL INVOLVE PROMPT TO THE RESULTS. ANYWAY YOU LOOK AT IT WE ARE IN THE VERGE OF HAVING THE BEST CHRISTMAS AND NEW YEAR OF OUR LIFETIME.  BE BLESS ALL...  BLUWOLF

I THINK WE WILL SEE AN RV SOMETIME JAN-MARCH 2013, 29 NOV


11-29-2012  Newshound Guru Tlar  I think we will see an RV sometime Jan - March but keep in mind, all of have made mistakes in trying to figure this out as to when it will happen.  My opinion is based on...articles...and could change with the next series of articles presented. 

11-29-12 Flashing: Obama said after European markets closed yesterday that the two political parties can agree on a framework for a budget deal to prevent $607 billion of automatic tax increases and spending cuts from coming into effect in January.

My hope is to get this done before Christmas. As I said previously (several weeks ago) there are strong rumors that O wants everything done before year end. What we should look at: 1. Kuwait Parliament Meeting -December 1, 2. Iraq and Kuwait meeting to sign pending documents, 3. Meeting with UN, and 4. Obama and Congress final budget outcome.


11-29-12 Phoenix3333: Iraq and Kuwait agree on closing the file of final Airways. "The Iraqi government announced, Wednesday, reach the negotiating team on the Iraqi Airways file a final agreement with the Kuwaiti side to close it."

"The office of Prime Minister Maliki said in a statement, said that Maliki presided over a meeting of the foreign policy committee, noting that during the meeting, a comprehensive assessment of the issue of relations with neighboring countries, especially with the State of Kuwait and discuss the latest developments in relations between the two countries."


11-29-12 SocalDinar: UN Meeting on Iraq November 29th 2012 - "A historic opportunity is at hand for Iraq and Kuwait to normalize their relations and for Iraq to bring to an end its outstanding obligations under Chapter VII of the Charter. I urge both parties to pursue their efforts, with goodwill and a firm commitment to building on the progress that they have made to date, and to implement all agreements reached between them. Both I, and UNAMI under its Security Council mandate to facilitate regional dialogue, will continue to engage with both sides to support and sustain the necessary progress."

DISCUSSION OF BWM, 29 NOV


[BWM] Good Morning MIG...

[beenready] BWM How are you this fine day

[BWM] beenready up and about...

[beenready] BWM that's all we can hope for

 [beenready] BWM any new hope out there or is recaps up to date..lol

 [BWM] beenready lot's of speculation... and as you see, the usual "confliction" is going on in the articles about the zeros...

 [beenready] BWM are you on board with Jan 1st being the most likely of scenerios?

[beenready] BWM or better yet would you consider that your drop dead date of anything happening soon?

[BWM] beenready that particular date isn't really in my scenarios... I just don't see a "hard" date like that... it seems too easy IMO

[jtolsn] can i ask a ?

 [BWM] beenready had 3 different scenarios... can't really say that I've put a "hard" date on any of those tho... 
[BWM] jtolsn go for it...

 [jtolsn] if you 'x' amount to spend - which of the two would you buy? iqd or vnd?

 [beenready] BWM ..Thanks for answering...

[BWM] jtolsn good question... give me a second to give my thought process on that

[BWM] let's look at 1 million of IQD vs. VND... and we'll use retail pricing to keep it simple... so we'll go a 1050 for a million IQD and 80 for VND... so if the numbers keep coming up and we do the math... let's go 3.42 for IQD and .05 for the VND... so that's 3.42M USD for the IQD and 50k for the VND... now we look at the ROI%... for the IQD we take the 3.42M divide by 1050 and we get a return of 3257% for our million dinar... the VND is 50k divided by 80 and we get 625%... the key is at what level each come out at and what is the "breaking" point that the VND would have to reach to allow more return on the dollar than the IQD.. also your costs could reflect a higher return if you got a good deal

[jtolsn] bwn as a disclaimer, you are not a financial or tax adviser and your comments are strictly an opinion and are not to be construed as investment advice.

[freedom13] BWM minethinking says before jan1st closer to now then later

[Rally2invest] Was anyone surprised by the post on recaps about zimbabwe removing the zeros?

Rally2invest] I remember about 6 months ago, (ghost) simply stated, "dont forget zimbabwe is in the basket

[rango123] Rally2invest zambia kwacha

[Rally2invest] didnt think much of it, however if they are removing the zeros and Iraq is removing the zeros AND if the are acurate on it being January 1st...there might be something happening

[rango123] zimbabwe is home to the 100 trillion dollar bill they have alot of zeros to play with

[Rally2invest] rango123 dont know much about zimbabwe...just filed that info in my brain, and then clicked when I saw the article on recaps :) We know Iraq has not been acurate on their timeline, If zimbabwe is acurate and IF they are part of the same basket..

 [BWM] Rally2invest zimbabwe could be a true lop just because of the numbers on their currency, billion, etc.

[Rally2invest] BWM thanks!! you speak ROI % are you a real estate investor, currency?

[BWM] Rally2invest nope... have done some stock investing in the past... and have spent many hours over the last few years learning about this and other investments...

[rango123] Rally2invest zambia came out out said "by jan 1"

[rango123] also sounds like they are using dual currencies

[Rally2invest] rango123 USD?

ally2invest] BWM just curious, Im real estate. Just learning currency. And not to well lol

 [rango123] Rally2invest lopped along with non-lopped bills- kwacha

[BWM] Rally2invest really same principles when you looking at ROI... value changes, market analysis and such

[jtolsn] bwm right,. wasnt the vnd at $2 - eons ago?

[rango123] Rally2invest thats from what i read and concluded and that is assuming the article had a truthful bias regarding the kwacha

 [Rally2invest] BWM my challenges with currency has been the M0, M1, M2 and wondering if that will all change in the future

 [BWM] Rally2invest there are a number of currencies to look at... the problems multiply tho... ppl don't understand that currency "cashin" is a courtesy by banks... so where you can cashin some of the currencies that you might get into could get sketchy...

2013 Silver Price Forecast: Silver Will Perform Like Gold on Steroids


This past March, I asked a highly successful investment
 advisor what he thought about gold. Since he
 deals almost exclusively with very high net-worth
 individuals, his point of view was especially intriguing.

He confided to me that many of his clients had been 
asking for gold and gold-related investments over the
 past few years. I can't say that I was surprised. 

But what he told me next simply shocked me.

"Gold's much too volatile, it's too risky", he said. 
"Sure it's up, but I try to discourage my clients from
 investing in it." 

It simply floored me that he thought gold was too 
volatile. Gold is only up 580% since it bottomed
 in 2001, without a single losing year to date. 

That's not something you can say about the stock
 market or any other type of investment.

I can hardly imagine what he must think of silver, 
as silver prices are up by 725% since 2001. 

Today, silver is trading around $34, but our 2013 
silver price forecast now has the shiny metal going
 much, much higher. 

What will power that rise?

Since it's slaved to its richer cousin, all the
 fundamentals for higher gold would apply. 

I wrote about them yesterday in my 2013 gold price
 forecast

As history has shown, silver moves almost in sync
 with gold, but exaggerates its movements, both on
 the up anddown sides. That's why I like to think
 of silver as "gold on steroids". 



2013 Silver Price Forecast

For 2013 I think silver, like gold, will set a
new all-time nominal price record, likely reaching
as high as $54 an ounce. 

Despite silver's dependency on gold, it does have
some distinct fundamentals, too. 

In fact, here are my key drivers for silver prices
 in 2013:

  1. The Gold/Silver Ratio: Before the financial crisis,
  2.  the gold/silver ratio was around 50 (meaning an
  3.  ounce of gold would buy you 50 ounces of silver)
  4.  and trending downward. In late April last year 
  5. silver exploded higher, pushing the ratio down below 30. 

    That was short-lived, as silver's dramatic rise 
  6. was unsustainable. I had said so at the time. The
  7.  ratio recently returned to a high level near 60. 
  8. In 2013, look for the ratio to head back down again,
  9.  meaning silver will rise faster than gold.

    On a long-term basis, I think we'll see this ratio
  10.  move down closer to 20. So right now, silver is 
  11. looking rather undervalued relative to gold.
  12. http://moneymorning.com/2012/11/29/2013-silver-
  13. price-forecast-silver-will-perform-like-gold-on-
  14. steroids/