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DINARESGURUS.BLOGSPOT.COM_________________ _______

Friday, May 31, 2013

DINAR GURUS UPDATE, 31 MAY

5-31-2013  Newshound/Intel Guru BGG   CH7 is not as important as anyone thinks...in fact, shortly after an RV iraq would likely qualify to be removed from CH7 (financially - at least)...

5-31-2013  Intel Guru TerryK    DID YOU ALL SEE THAT IRAQ ANNOUNCED LAST NIGHT THEY ARE OUT OF CHAP 7.  [is there a guestimate about the timeframe now? Hours, days, or immediateIMMEDIATE, ANY TIME.

5-31-2013  Intel Gurus SteveI, OCrush & Ray   we know the 2013 budget was not opened yet.  Not because the actual budget holds the new rate but the pay scale law holds the rate and this is done by releasing the new lower denoms.  With the laws passed and ready to be passed, it is Iraq's time to move forward.  You all now are wondering what next, well, the RV is next.  [post 2 of 2]

5-31-2013  Intel Gurus SteveI, OCrush & Ray     the Bremmer initiative...was put forward as law back in 2003, so they could release the new dinars (the one's we hold) and adjust the pay scale to it.  The cabinet on Sunday (May 26, 2013) are disqualifying this CPA law and bringing forward the new pay scale law.  This new pay scale law, just like in 2003,  will introduce the new Lower Denoms and set the new pay scale:))  It is happening again 10+ years later!!!

NESARA UPDATE, 31 MAY

Nesara BlogSpot Update: John MacHaffie: 

RV/PP NEWS REPORTS COMING IN OF CASHING IN ACTIVITIES, NO VOUCHERS IN RENO AND ATLANTA. 500 MILLION DINARS OR MORE INVESTORS ARE BEING INVITED TO EXCHANGE.

JL OF THE REPUBLIC TREASURY WAS IN HONG KONG TUESDAY TO PARTICIPATE IN THE GLOBAL SETTLEMENTS SIGN OFFS. HE ALSO SIGNED OFF AN AGREEMENT WITH THE GALACTICS FOR FUTURE TECHNOLOGIES ACCESS.

PP (PROSPERITY PROGRAMS) MAY JUST ABOUT BE AT YOUR DOORSTEP. WHEN THEY GO OUT - EVERYTHING HAPPENS INCLUDING PUBLIC RV.

TK CHAT UPDATE, 31 MAY

[TERRYK] SORRY WAS MAKING A BAGEL AND COFFEE 
[TERRYK] WITH ORANGE JUICE 
[Hummingbird] we don't have wait for them to catch dinner 
[TERRYK] IT?S ALL GOOD 
[TERRYK] SO WHAT?S GOING ON 
[berry]  if they got out of 7 I thought they had to rv first 
[TERRYK] well SO MUCH FOR US THINKING HUH 
[TERRYK] MAYBE THEY HAVE 
[BigEngine]  We look for it every weekend.   
[TERRYK] NO WE LOOK FOR IT EVERY DAY AND ONE DAY IT WILL BE HERE 
[TERRYK] I?M SITTING ON MY PADIO EATING A BAGEL BIRDS ARE SINGING, SUNSHINE, DOG IS DRINKING WATER AND LIFE IS GOOD, COME ON RV
[TERRYK] 72 WARM WHAT A WONDERFUL DAY FOR A RV 
[_Visionary1]  Is there a black van outside your house? 
[TERRYK] NO A RED TRUCK THAT IS NOT MINE 
[TERRYK] I AM BACK JUST WATCHING THE ROOM 
[TERRYK] WAS TALKING WITH MY BROTHER ON SKYPE 
[TERRYK] WHAT A NEAT TOOL THAT IS SOMETIMES 
[justneedy] arizona49 Today my wife retires after 21 yrs at the school, I need an RV bad today, she doesn't even know about the Dinar, I need an RV to surprise with a retirment present.   
[arizona49] justneedy omg, how have you kept this from her this long? she will be surprised   
[TERRYK] SHE KNOWS DKG 
[dkg]  if this doesn't happen this weekend what is the longest time that this could continue to go 
[TERRYK] THERE IS NO TIME SCHEDULE 
[TERRYK] I DONT KNOW WHAT OTHERS ARE CHIRPING ABOUT 
[TERRYK] ALL I KNOW IS THAT I AWOKE WITH THAT ARTICLE IN MY EMAIL 
[TERRYK] AND TOLD U ALL ABOUT IT 
[noah]  Are you back in Houston? 
TERRYK] NO SITTING AT HOME TAKING IN THE DAY 
[TERRYK] WORKING OUT OF MY HOME 
[TERRYK] THE LIFE THAT IS GREAT 
[beach]  I want to thank you for all the intel you have found out for us. Me and MikeH will always think of you as one of our close friends ..thank you thank you. we will see you in Vegas.. 
[TERRYK] THAT SOUNDS GREAT BEACH 
[TERRYK] IRAQ ANNOUNCE OUT OF CHPT 7 
[rocketman]  do u think IQ out of chapter 7? 
[TERRYK] I DO 
[TERRYK] GOES WITH WHAT I WAS TALKING ABOUT WED NIGHT CALL 
[Berean] so is there a guestimate about the timeframe now? Hours, days, or immediate 
[TERRYK] IMMEDIATE 
[TERRYK] ANY TIME 
[wtfnow]  missed previous post.....Did u say official announcement that Iraq is out of chap 7? 
[Precious] Zebari said at a press conference in Baghdad, "we were able to cancel the majority of resolutions against Iraq, and ended all sanctions and conditions that were imposed on our country, so it became our freedom of movement and act with our money and our dealings Iraq and returned to its natural state." 
[TERRYK] YEP WTF 
[TERRYK] PRECIOUS DO U HAVE THE WHOLE ARTICLE 
[TERRYK] TO POST 
[TERRYK] WITH LINK 
[Precious] yes 
[TERRYK] IT?S ON MY OTHER LAPTOP 
[Precious] will post 
[TERRYK] CAN YOU POST IT PLEASE 
[Precious] Committee that the central bank told us that it will implement a new plan to raise the value of the Iraqi dinar against the U.S. dollar. A member of the Committee Faleh Djiashi?s (IMN) said that ?the central bank told the Finance Committee representative that an action plan will begin to apply early next June, will be capable of lifting Iraqi dinar exchange rate against the U.S. dollar?., And added that ?the central bank to work on reducing the number of Companies that deal with it and put the money in the auction, which will reduce the value of the dollar and reliance on monetary policy open without procedures and controls are complex and open wide field in front of the government banks ?. 
[Precious] She added that the $ 11 billion dollars remained harmless to pay for getting us out of Chapter VII, though unfair compensation for guilt did we commit him, but it is a drop in the ocean to what was given to Kuwait from the territory of Iraq and hacker water areas within the territorial waters. 
[TERRYK] WHATS IT SAY 
[TERRYK] TELL US 
[Precious] 30-05-2013 June 2013: Secret procedures for recovery of the dinar against the dollar With the continuing decline of the dinar against the dollar since the Central Bank sales and change management, informed sources said that the Central Bank will start next month with the opening of documentary credits in banks to the dollar exchange rate dinar to normal and prevent a recurrence of the situation of exchange rate volatility. He said economic expert close to the Bank?s future today (Wednesday 19 may 2013) ?the Central Bank decided to start procedures to limit the dollar?s rise versus the dinar including opening documentary credits in Government and private banks?, indicating that the Bank now refuses to disclose details of some procedures as will be confidential for fear of exploitation of some of the beneficiaries of an auction to sell the currency. The expert added that the Central Bank hopes to make the exchange rate under (120) DT through new procedures which will begin next month. And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to around 1290 DT was stable at 1210 and is the highest rate of exchange-rate mechanism for the last two years. 
[TERRYK] WATCHING YOU ALL CHAT GIVES ME PLEASURE KNOWING THAT THIS SITE IS DOING WHAT ITS INTENDED FOR 
[TERRYK] CHAT 
[TERRYK] I THINK I WILL KEEP IT OPEN AFTER THE RV 
[TERRYK] SO YOU ALL CAN CHAT WITH EACH OTHER AS NEW FAMILY MEMBERS 
[TERRYK] IT?S LIKE A SAFE HOUSE TO GO TO 
[TERRYK] KNOW 
[TERRYK] IT?S DONE NOW AMAZING 
 [TERRYK] IT HAS UNTIL THAT DATE FOR THE BALANCE PAYMENT 
[jonjobe7]  Wont we all be going to TCB?? 
[TERRYK] WE WILL HAVE BOTH 
[TERRYK] DUE TO NOT EVERYONE WANTING TO GO OVER TO THE OTHER SITE 
[TERRYK] WELL MAYBE I WILL FORCE THE ISSUE 
[TERRYK] COME TO THINK OF IT 
[TERRYK] YOUR RIGHT JONJOBE 

STEVEI UPDATE: THE NEW PAY SCALE LAY THAT WILL INTRODUCE THE NEW LOWER DENOMS, 31 MAY

SteveI:  Greetings again.

 This is a huge bit of news but you need to read it and follow the logic. If you are not sure about this investment, then I have no clue as to helping you understand.

 This post is dedicated to Ocrush and Ray and another member I will not share. We have been able to confirm some very significant activities are willing go share then now.

 What we are presenting in this post is 100% factual. So when we reference something, it is fact not fiction and will post the link and article below in this post.

 So here is how my day started, I received a call from Ray (very early) that had some very positive news related to it. My first thought was, ok, what now.
  Then here is the news from this call.

 Ocrush:  First, I asked Diane to find me and send a post that was put together in January 2013 (below:)

-Next, I found the article that my cousin told me about.  This is the pay scale law that was discussed and brought forward by the cabinet.  The meeting took place on Sunday (May 26th).  

 If you notice the highlighted part it speaks about the Bremmer initiative that was put forward as law back in 2003, so they could release the new dinars (the one's we hold) and adjust the pay scale to it.  

The cabinet on Sunday (May 26, 2013) are disqualifying this CPA law and bringing forward the new pay scale law.

 This new pay scale law, just like in 2003,  will introduce the new Lower Denoms and set the new pay scale:))  It is happening again 10+ years later!!!!!  The reason I asked Diane to find me the past post, it shows what the pay scale law and releasing the new dinars.(the one's we hold)!

  Please read the third paragraph down to this link:)) 

http://govinfo.library.unt.edu/cpa-iraq/budget/March_Salaries.html


Noted In RED    Here is the article:    18 March 2004

Policy on Payment of Public Sector Salaries in March-April 2004

 This policy applies to all State employees and employees of State Corporations and other self financed entities. See below for more details.

Freeze on Hiring and Promotions.

In accordance with the August 5 CPA OMB memo, no Iraqi Ministry, agency, company or other government organization may hire employees at a level above the applicable end strength limit for that entity, as approved in the current FY04 National Budget (effective January 1, 2004), except as approved by the Interim Minister of Finance and the CPA Director of Management and Budget under the established procedures. Promotions are also temporarily frozen.

 Salary Scale. Salaries will be paid in new Iraqi dinar at the new salary scale, as set out in CPA Order No.30 dated 08 September 2003. 

All Ministries were funded to implement the new salary scale in January and were supposed have it completed by the end of February.

Any ministry that has transferred over to the new salary scale must be able to pay salaries from their salary budget including the additional 40% increase that was distributed by the Ministry of Finance.

It must be understood that all employees did not receive a 40% increase, but rather 40% of the total salary budget was added to cover those employees that will receive more under the new scale.

 All ministries must transfer over to the new salary scale as a whole ministry, as opposed to one department or governorate at a time. If the salaries are above the allotted amount then the ministries must redo the placement of employees in the new salary scale, no ministry will be given additional funds for salaries beyond the 40% increase. Employees will continue to be paid at the 4-tier scale until the transfer of the entire ministry is complete.

 State Owned Enterprises. Employees of State-Owned Enterprises (SOEs) receiving support from the Ministry of Finance shall be paid at the four-tier scale for February and all subsequent months until a formal decision is made regarding salary levels for employees of State-owned Enterprises.

Any differences in salary, stemming from the formal decision, shall be given as back pay for those months in which the difference was not paid for February and all subsequent months.

Any SOE not requiring funding support from the Ministry of Finance may choose to move working employees to the 11-tier pay scale and pay these employees accordingly.

 Facilities Protection Service. Effective 01 March all Ministries are responsible for the salaries and hazardous duty pay for their Facilities Protection Service (FPS) guards.

Ministries shall submit FPS payroll funding requests to the Ministry of Finance on a monthly basis in accordance with procedures described below. Coalition Provisional Authority Order No. 27 dated 04 September 2003 lays out guidance regarding the establishment and administration of the FPS.

 All ministries dealing with personnel providing security should refer to the Security Salary Matrix at
http://govinfo.library.unt.edu/cpa-iraq/budget/revisedsalarymatrix.pdf


 Back-pay and Recovery of Excess Pay. Employees who have not received their full salary entitlement for the previous six months shall be entitled to payment of the balance. Any double payment or overpayment of previous month’s salaries shall be deducted from February salary payments.

Procedure. All salary payments will be authorized by Ministry of Finance officials, acting in accordance with the established policy, through the Treasury account. Payments will be executed through the Rafidain and Rasheed banking systems, which act as the agent of the Ministry of Finance.

The Director General of Accounts of the Ministry of Finance will issue a circular to all Ministries and Departments setting out the procedure for the payment of March salaries.

 To obtain authorization for disbursement of funds for salary payments for both centrally financed workforces and for the employees of State Corporations and other self-financed entities for which they are responsible, Ministries, and their relevant Directorates are responsible for providing the following:

Accounting for previous month payments. Each ministry must provide payroll execution information to the responsible Accounts Departments at the local Treasury Office or Ministry of Finance.

 Information should include funds received, funds paid out, number of employees in each pay grade that were paid (by directorate) and the balance remaining. Unused payroll funds will be redeposited in the bank from which they were withdrawn and a receipt filed with the local directorate accounting manager.

 If, in previous months, payroll payments were inconsistent with Ministry of Finance guidelines at that time, the Ministries are required to provide relevant accounting of those salaries and emergency payments before additional funds can be released.

Information should include details of any such salary or emergency payments, including a list of names to which the money was paid. The Ministry of Finance should provide details on the previous month’s payroll execution by Ministry to the CPA Office of Management and Budget.

Requests for payment for current month. For administrative convenience, Ministries are to present a single report, and single request for release of funding for all their directorates/spending units, rather than separate requests for different directorates/spending units.

Requests for payment should include a cover letter written on official paper, approved by the three senior officials of the directorate/spending unit and signed by the Director General of Administration and Finance. The request should also include a spreadsheet with the names and grades of the employees to be paid.

If required payroll exceeds that of the previous month, the request for payment must be approved by the CPA Senior Advisor. Any actions that will cause the increase of more than 1% in the pay bill of a workforce over the level paid in August must be approved by the CPA Senior Adviser to the Ministry of Finance before the payroll can be executed.

 If the governorate demonstrates responsible payroll practices consistent with Ministry guidance, the Baghdad Ministry of Finance can delegate payroll management to the local branch of the Treasury, provided the Senior Advisor of the Ministry agrees.

 Executing payroll. Internal audit sections in each ministry shall review the payroll and salary process for conformity with approved methods for payment by the Ministry of Finance, as well as the integrity of individual payments.

In each accounting unit the three person committee shall oversee the distribution of salaries. The names of these individuals will be kept on file at the Agent Bank authorizing the release of funds. A post payment audit shall be performed by the Board of Supreme Audit wherever possible.

The Ministry of Finance shall issue authorization to designated banks to provide specified funds to named representatives of Ministries and Departments to pay salaries.

Presentation of this authorization, which may be transmitted electronically, at the designated bank, will release the specified funds to the named representatives for the purpose of paying salaries.

Contract employees will be paid from operating expenses, as provided through the budget, and not out of payroll.

 ************************************************************************************

 Now read this article that is dated May 27, 2013!! 

http://www.alsabaah.iq/ArticleShow.aspx?ID=47460

   Government begins preparing the new salary scale

 05/28/2013 12:00 AM

 Anger: the inclusion of the three presidencies staff

BAGHDAD - Omar Latif

 The government began to prepare him a new salary for employees includes added benefits work and the high cost of living and the seriousness of the certificate and increased allocation of marital and children. 

According to the head of the advisers in the General Secretariat of the Council of Ministers Thamer Ghadhban the peace new will include all state employees including staff of the three presidencies.


 Anger said in a statement singled out (Center Brief for the Iraqi Media Network): "The committee held its first meeting of the day yesterday (Sunday) to prepare him a uniform salaries of state employees.

 He did not Ghadbaan any information on what is in peace, however, reliable sources confirmed for "Center Brief for the Iraqi Media Network," that peace will increase in the salaries of most of the staff, and the allocation of work and the cost of living and a certificate and dangerous, with increased allocations marriage and children.

And on the extent to intercept the World Bank on peace new, said Anger: "It is not for the World Bank to do with the preparation of this peace or changes in it."

On the date of completion of the peace the new Prime advisory board that "there is work very long waiting for the Commission to prepare this peace.

"It is said that Minister of Planning and Minister of Finance Agency, Dr. Ali Shukri detect him a new salary achieve justice among the staff of all government departments after reducing the gap between the salaries of grades.

said Shukri in an earlier statement" Center Brief for the Iraqi Media Network, "that" blessings of the new salary will take into account the certificate and give allocations on the basis of that and evenly, and addresses the problems created by the salary scale current and prepared by the civil governor of Paul Bremer,

 "noting that he" will also problems faced by employees in some ministries who feel injustice, as well as to avoid differences salaries between ministries and state institutions. "

  http://translate.goo...w.aspx?ID=47460

 Here it is:  wherever you read "peace" replace it with "LAW".

 In conclusion: we know the 2013 budget was not opened yet.  Not because the actual budget holds the new rate but the pay scale law holds the rate and this is done by releasing the new lower denoms.

 Follow history and it will set you FREE :)

 ************************************************************************

  Summary

  In summary of the above facts, there are a few we can not and will not share at this time. With the laws passed and ready to be passed, it is Iraq's time to move forward.

 There is so much more to share but we can not yet do this.  Most will read the news and say "so what"? After reading and verifying so much, we are finally there.

You all now are wondering what next, well, the RV is next. I have a new timeframe and will share that in our chat tonight.

 Now there is more, if you recall my post "Follow the money" we need to look at the ISX.

 Money:

 Hey Team:

 Another very interesting event on the ISX!  Asiacell has announced a cash dividend for stockholders.  The interesting part is the dividend says it is for 200% of 2012 profits, which should be approximately 66 dinar.  Based on the formal announcement below it says 2 dinar per share.  The math does not even come close.

 Asiacell Communications PJSC (TASC) approved in its GA meeting on May 22, 2013 to distribute 200% cash dividend (IQD2.0 per share) from its 2012 profit.

  Here is a thought from our ISX Analyst…………………: “a 200% dividend increase on the current value of the dinar 1160 would be a RV of 8.4 cents. Could this be a figure they are floating that takes into consideration the RV?

Remember there was an article that Asiacell stock holders could anticipate a 9.6 TIMES (not %) increase by the end of the year. I think Asiacell is factoring in the RV into their projections, IMHO!”


 This is huge, absolutely huge. Wake up folks.  God Bless, Steve

Steve from chat

[SteveI] Greetings  all 

[SteveI] So, did everyone have a nice weekend?

[SteveI] With respect to the August 5 CPA OMB, it was repealed on Sunday. This is huge.  

[Domino] SteveI That had to do with the previous pay scale correct?

[SteveI] What that did was not allow for the first time in history for the CBI to release the new lower currency. Huge

[SteveI] I know have a date.  Hang in there.  I am working my tail off to get you this, so relax.

[SteveI] It is all good. Or maybe upgrade to GREAT I am very happy.

 [SteveI] I am here for the facts. I just want you members to know that you are in a position of finally getting your dreams.

[SteveI] I have spent countless hours worrying about this for you guy's and how do I share the good or bad. So far, all good. These posts just do not appear out of thin air, it takes hours to put together.

[SteveI] I am here to share what we can. This is very costly financially but if it saves and builds hopes then it is worth it. One life at a time.

[SteveI] You all need to remember, this is not about SteveI, but we are a team

EAGLE1 UPDATE, 31 MAY

wonlady : I asked this question on the previous thread and it was not answered, so i will try again...for those of us who hold VND, would it be best to exchange those first after the RV and hold the dinar until the dollar settles? Inquiring minds want to know!! Thank you for replying!

Eagle1:  Good Evening!

I thought I had made this recommendation to folks here, but apparently my counsel was made in private PM's and emails. 


For people who live close to one of the major Wells Fargo centers where they are already prepared for the IQD (e.g., Miami, Atlanta, Dallas, Reno, San Francisco, Portland) it isn't as much of an issue, 
but for folks who live in smaller communities and only have access to the mid-size and smaller branches, there is likely to be a "trickle-down" effect.

That means you'll likely experience a delay of perhaps anywhere from a week to a month before they will be on board with the exchange process.

Most of the WF branches, however, are already prepared to exchange the VND. The reason for this is because the IQD has been under sanctions, and banks have generally promoted a very negative position on it.

The VND, on the other hand, has been readily available and sold through many, if not most, banks.

That said, if you have VND, you'll find it much easier to exchange than the IQD during the first few weeks, and it can serve you well if you can hold out during the period of revaluation of the Dinar until it reaches its target RV rate.

Blessings on you.

Eagle1