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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, October 21, 2013

EXOGEN UPDATE: LIVE INTEL STILL COMING, 21 OCTOBER

Posted by EXOGEN on October 21, 2013 at 11:37pm 
From Batman Call 10/21/13 @ 11PM EDT

1. Russia and Indonesia announced the GCR;
2. Alabama contacts said its going down now, he will be back in;
3. Another call said exchange tomorrow possibly;
4. Also the email i sent you all the tic report comes out tomorrow as well;
5. Another just reported it may be going down tonight;
6. Also another caller said in dc right now a lot of dignitaries at some building;
7. The IMF and Obama are having a p***ing contest as to who will announce it, which is affecting the rate;
8. Caller says it will be Tues or Wed so we're right in the middle of the timeframe;
9.LAW ENFORCEMENT

Law enforcement
 is on high alert because they want the CE done decently, orderly, etc. or arrests will be made for disorderly conduct. Get in/ get out and make your 2nd appnt;
10. Wealth Managers are ready to meet new clients at their homes, over lunch, etc.
11. Someone with contacts with the NY local sheriff-the sheriff is on high alert-want this to be orderly and will arrest anyone causing a problem

BLUEDOG POST: " THE RV IS HAPPENING, GOING DOWN NOW", 21 OCTOBER

10-21-2013   Newshound/Intel Bluedog  [via Batman & Alabama]  Received information from contact in D.C. that the RV is happening, going down now.

TNT CHAT, 21 OCTOBER

TNT:

[loechin] Here is what I'm told. Several weeks back I told you guys people were exchanging at around eight locations. I got the crap beat out of me but now you know it's true from Tony and others. I know several Senators who have exchanged and some who opted to wait. I'm excited to see the next several days and what they hold.

[catz] loechin is there any way they can deny us the ability to cash in? Like say the 30 days expired or printing a new currency? Thanks

 [loechin] catz No

[catz] Thanks

[dkg] I hope they let us rv and exchange before the 30 days dead line is up so we too get the high rate like the big whales
[jms] Ok I have a stupid ? How are some people cashing out and some aren't? I don't understand that......whales yes but a person came in today and said they cashed out...?

[annab] jms we are all not equal, if you gov connected, "lucky you" if not, you wait with us commoners

[drl]  loechin do you feel that there is a connection between Maliki's vist to Washington and the release even though it is out of Iraq's hands?

[loechin] drl No

[loechin] The heads of the CBI's met last week and signed and released the OK to do it so we are right on top of this.

[keiji] loechin did they in fact announce in Iraq that it was international?

[loechin] keiji I was told yes

(cherylpowell) when do you think this will end? –

 (loechin) This week

[keiji] loechin what do you think is really holding this up now since we're told everything is done and signed off? ty

 [loechin] keiji Nothing

[August] We are not waiting on anything but our day to exchange, and it is coming very very soon. Stay faithful.

[keiji] August is that a feeling you have? :)

[August] keiji, I am a researcher and yes.

[August] Don't get weary. The official process started on June 27th, when Iraq was released from chapter7. Technically it has been a short window up to today's date. Remember, how fast everything started moving after that? so so so close.

[August] I am so excited for us! This in my opinion will be a great week and before Nov 1st.  [August] every one of us should make sure our plans are airtight as much as possible.

TONY BLAST, 21 OCTOBER

TNT Tony Blast~ You asked for it and you got it.  

Special vistors just could not wait until the end of the month. 

Tonight could be a special night.  

DINAR GURUS UPDATE, 21 OCTOBER

10-21-2013   Newshound Guru Millionday   they said on the 13th that the economic reform law which is all inclusive was done -- this was not an article it actually is a governmental announcement...so now we need it launched in all forms...of course we are looking at some huge moves --- with all of the economic meetings and with where they are in the country and of course with their huge announcement of entering a free market economy...we are close --- we would have to be blind to not know by all of the official documents -- we are close -- does that mean a "hope" of today -- that means at anytime they can and we are waiting for them to do just that ---


10-21-2013   Intel Guru TNT Tony    Realize that everything is in place. It could go anytime and this morning we heard the green light has been given the it's ready to go again. The celebration welcoming Iraq back into the global community is set for later this month. The rates are still high (27.87 - IQD, 3.87 - VNN, ZIM @ .22 and Rupiah @ 1.08). People are at the cash-out centers and call centers.  We are in a good place with good info and you could very well see this today, tomorrow, or before the celebration date, which is scheduled before the end of the month.  [post 2 of 2]

10-21-2013   Intel Guru TNT Tony   [via FlPatriot59]  [Who's hanging this up?]   This time it's China, USA and Iraq. As I said before, we keep getting the green light but something keeps coming up. Everytime they make changes or details of the agreement, someone else has to pay a penalty. Everything has to be adjusted. They do have a date of a celebration down the road, but I didn't take it as the activation date. It is this month...I'm afraid of it going another 24-48 hours because of something else that could mess it up again.  [post 1 of 2....stay tuned]

10-21-2013   Newshound Guru Kaperoni   Article:  "Secretariat of the Council on Foreign Minister authorizing up the issue of Iraqi funds deported from Kuwait"   they have not paid off Kuwait...some...like to make special presentations claiming they did.  Wrong!

10-21-2013   Newshound Guru Millionday   Article quote:  "the visit of Prime Minister Nuri al-Maliki of the United States of America will carry several axes, including the activation of the strategic framework agreement between the two countries"   ...the visit we are expecting at the end of this month is very important obviously...for the trade agreements to make sense and also the provision to be constitutionally compliant -- would tell us that a reality rate has to be before the activation or it would not work -- but as always we shall see.  so not far from all being done economically -- we have huge hopes for this week and the completion of a lot...the news rocks...

10-21-2013   Intel Guru TerryK  HERE IS WHAT I GOT PLAIN AND SIMPLE.
WF CONTACT HAS INTERNAL MEMO. HE...GOT THE MEMO EMAILED TO HIS PHONE. WAS ALL PUMPED AS HE HAS DINAR AS WELL.  INTERNATIONAL FLUXUATION  TOMORROW.  MANY INTERNATIONAL CURRENCIES FOLLOW RATE CHANGE PROTOCOLS.   JUST TOLD YOU WHAT I WAS TOLD. TAKE IT FOR WHAT ITS WORTH.

10-21-2013   Intel Guru Loechin   I'm still getting info...someone got their butt kicked.  So we will see the rv now...Won't say when now is, just being told now it goes.   Yes rates are great and ready...27.87 and 3.67 VNN.

TONY CC RECORDED LINK & NOTES, 21 OCTOBER

REPLAY    805-399-1500    409029#

BlogTalkRadio  RECORDED LINK

Notes by FlPatriot59 at I4U:

TNT CALL - 1:00 PM EDT - 10/21/13 ... STARTING NOW....T = TONY | C = CALLER

TONY - Let's go! Good morning, TNT Dinar! It's Monday morning, October 21, 2013 at 1:07 PM EDT. How is everyone? I know you're all superfantastic! Here's the news upfront then we'll do the Q&A.

T - The weekend was up and down. I did a blast on Saturday evening because there was so much noise out there. I tried to take a break from the info, but not let you guys go thru the weekend on the roller coaster. If I find anything I'll put it out there. But I won't do a blast or call if it's not important.
T - I'm getting PMs, emails, phone calls, etc. about what others are saying. I'm still working when I'm not working. But here we are. Everything is ready to go. The bank personnel did work this weekend and last night at 9PM they were told the RV would happen and at 9:30 PM they were frustrated. The rates are the same (within pennies). People are continuing to get paid. Some came in chat and said they had been paid out. It's true for the past 18 days - folks in DC and some not in DC.

T - Some were not paid and were told they weren't paid because they talked to me. But they WILL get paid. This is going to end and we are going to get paid. They do have a date of a celebration date down the road, but I didn't take it as the activation date. It is this month - it is to be celebrated this month. We could see the RV today or tomorrow. We'll go thru the process then the celebration will follow

T - Regarding the 800#s, there are 5 regions for the call centers. These call centers and 800#'s have not been released, even tho the call centers have had access to the systems. I know this because the cash out centers have been in place over the past month - my and my intel circle have had the locations. I've been there to talk to them, but I have not been paid out. They don't give out that info to call-center or cash-out personnel, the NDAs, info about the 25K cash-out, etc. WITHOUT this thing being ready to go NOW.

T - All of this is in preparation for something happening right now. We're getting down to the last part of it. If you put all of this together you should be excited! The rest of the days in the month look great for this to happen. Was it supposed to go on Friday? Yes - the last agreement put in place when the VP went to Iraq and the last agreement involving the RV between the USA, China and Iraq was questioned at the last minute and assurances had to be put in place.

T - I hate it when they say we have the green light then the next 48 hours they figure out something is wrong. I'd like them to give the green light and then it goes. I will tell you as of 30 minutes ago it has been cleared to go. The celebration has been scheduled for this month and I don't think we have to wait for that day for it to happen. It can go at any moment - today, tomorrow, Wednesday. I'm happy that, again, we have a green light. All bank personnel are in place and ready. People who are technically-involved are locked down at their stations.

Q&A FROM CHAT ROOM...


Q - What's the probability of the GCR being postponed until the 1st week of Nov when Maliki visits the US? A - it's possible he might share in the celebration of it.

Q - What's the next window? A - It starts today thru the end of the month. There's green light NOW and a celebration has already been scheduled for this month. In Iraq, today, they're being told their country will be the richest in the region and will have the highest currency in the coming days. That's occuring there and here today.

Q - Your contacts say they're trying to RV every few hours and it's a timing thing. Please explain. A - It was running and they've been paying folks. Nothing is wrong with the system. They just did not have full authorization.

Q - Will traders have the same rates as the banks? A - Guys, I get this question every call. We won't know until it goes "live".

Q - When we exchange a 25K note will we sign an NDA? A - I guess you will have to everytime you go in and exchange. How can one bank know what you did at another bank? I don't have the details. Dealers say they don't have the NDAs. As soon as I get those details I'll share it.

Q - How can we get reserves from Sterling within 30 days since they'll be swamped? A - They absolutely will be swamped. If you do an online sell it'll go faster. Individual appointments will be handled by Frank and other select personnel. The fastest thing is to go online, wire the funds to them.

Q - What if you CE for someone else - will they have to sign an NDA? A - I don't know but you should have a POA for them. Consult an attorney.

Q - Are the rates the same? A - The rates they are paying out the priviledged few are 27.87, 3.87 and 1.08.

Q - Any update on taxes? A - No update yet. You can start any kind of thread in the Forum to ask questions and compare answers.

"LIVE" CALL-IN STARTING NOW...C= CALLER | T = TONY


C - We've been hearing about these dates and that there will be delays with Maliki invited to the WH on 10/25. They probably won't make any announcements while he's not in-country (or any other the other honchos are out of Iraq). T - I haven't seen his schedule but I do know he's out of the country as of yesterday. Every country has an area where a foreign diginitary can come to and look like he's at home. A broadcast can be done at any time. They do it for security purposes. That's not a problem.

[FLPatriot59] NOTE from FLPATRIOT: anytime a foreign dignitary is at their embassy in DC, they are considered in their soverign country.

C - Who's hanging this up? T - This time it's China, USA and Iraq. As I said before, we keep getting the green light but something keeps coming up. Everytime they make changes or details of the agreement, someone else has to pay a penalty. Everything has to be adjusted. One change affects other things. This is the reality of it. Maliki wants a 3rd term, for example. IMF says they won't get involved in that. He's trying to negotiate that. China says they don't need to the money, they need oil. Everytime they can negotiate another 2, 3, 5% they do. But today, this hour, they're all in agreement. Iraq didn't make an announcement because when they did in the past it didn't happen and they looked like fools. Then China says they've already paid for this to be done and it hasn't happened so they demand more oil. But we know it's coming to an end and at some point somebody's going to stand up and say "enough is enough." But I do know a celebration is scheduled for this month.

C - Other sources have told me that dealers are not doing the market rate but CBI rate. Seems like you'll get better rates at the banks. Also, there might be 5-7 days' delay in getting reserves from dealers. T - Thank-you for your comments and info. I know you're a newspaper guy and I don't know at kind of story you're building. I've been chosen as the conduit since I'm straight with the truth. I've known for years there would be a bottleneck/delay. I've always had an issue as to what the dealer can do with what they said they can do. Buyer beware!

C - I'm not a newspaper guy, but a top bank intel contact said because the CBI is closed for a full week to the public there was still a ton going on in Iraq. T - The CBI rate may be high then drop down to the real rate.

C - How would you talk to the banker to negotiate the spread? T - Be upfront with him/her and tell them you know what the spreads are at the other banks. I would say, "I'll be perfectly honest with you. I've been to 2 banks and they will not charge me any fees ever but I like your bank best. Let's do this." The banks have been instructed to accommodate you and not let the money leave the bank.

C - As of 30 minutes ago it was clear to go. Who gave that? T - Info from a 3-letter agency.

TNT CALL - DISCUSSION ABOUT THEIR VEGAS TRIP ... Housekeeping issues!

C - Can you give more info about this celebration planned? What and where are they celebrating? T - It's here in the US and it's about Iraq becoming the strongest country in the ME and about the GCR.

C - When will the 30-day limit begin? T - My understanding is that it won't start until WE start. Yes, it did go out for 10/10 to 11/14, but that's my understanding.

C - Will all banks participate in the 25K initial exchange? T - Yes, my understanding is that all banks will allow this. We expect clarification when it goes live.

C - Are the same traps set if you try to negotiate the VND? T - I think only certain folks will now to negotiate that higher rate. If you're that priviledged then you should be all the way priviledged.

C - If I'm going to CE one $25K, how much can I walk out of the bank with? T - The most cash you can walk out of any bank is $10K. You can get more but you'll have to sign a FINcen form as well. The rest of it will be in your bank account.

C - I'm wondering about the celebration and how they can keep it quiet? T - They will be celebrating Iraq coming back into the WTO so the whole world will know they are a global power player in the region. It is scheduled for this month in DC.

C - How can a timed event like this continue to go without a public RV? T - This is what I explained earlier when they say a green light and then, oops, one more thing. So they go back and re-negotiate penalties for delays, more oil, etc. Some sites absolutely do get paid from dealers to send people to them to buy. What's not happening is that dealers are NOT getting paid by our gov't. They are private companies and do not work with or in conjunction with the govt. They are in position to make money but that's okay.

C - Some gurus are saying the 800#s are at the banks. T - I know the system is in place because I have the info. That's why last night they brought in the 3rd shift, not the 1st shift. They didn't know when it was to be released to us. They are there today hoping this will happen in the next 10 minutes. The system isn't the problem. They are ready to go.

C - Do you know who the politicians are? T - It's not presidents of the countries, it's their negotiators.

T- What we need is this to happen when they say it a go not a 24-48 hours when they get the green light. Right not, this morning, there is a green light and a celebration planned. This is typical of negotiations and it has to end somewhere.

CALLER IS SINGING TO TONY......

C - Could YOU have cashed out? T - I know peeps in the last couple of weeks...within 6 degrees...that could...talked to some this morning and last week but you are too close to the info and they don't want that to happen.

C - How long can they keep delaying this until somebody tells all the children to return to their corners if they can't play nice? T - This is not the first time but this morning everyone was playing nice again they are ready to go. It's just like political theater we say with the gov't shutdown. We knew how that would end and it did exactly like we said it would but they had to play out this politcal theater for the rest of the 99% of the country who doesn't know what you know.

T - There is an end day and they could change the celebration date, which was just recently set. I'm afraid of it going another 24-48 hours because of something else that could mess it up again. But right now we have the green light. The people in Iraq are not as frustrated because they've had money put on their cards and they are shopping. It's more money than they've seen in 10 years and they know more is coming. C - Do you honestly think this will go before Nov. 1? T - Yes, I do. I'm hoping it does and the info I'm receiving today is saying it will right today.

C - How are those who have exchanged being notified to come in? T - The "good ole' boy" network. It's not about their status in society but who they know. If YOU knew the right people, you too could be paid. It's not restricted to a certain level of people. I know exactly what the requirement is and the timeframe, but I don't even know the one person I need to know to get paid. I asked for a "Get Out Of Jail Free" card and they said "no!"

C - Is there a possibility of exchanging more than 25K initially? T - not at the same location. You might possibly go to different banks. Right now they're saying one 25K note should last you until your appointment. They expect to run the majority of us through in the 1st 4-5 days.

T - We have the very best intel team out there. I'm proud of them and they dig and dig and dig. They were going crazy this weekend digging to stay on top of this. They are really good at what they do and I want to say publicly "thank-you" to them. Same to our Mods - they have the same needs and desires as you do to see this go, plus the added responsibilty to monitor the chat room and Forum so it runs smoothly for you.

C - Do you know anybody personally that has actually been paid? T - I don't know anyone personally who has been paid because they're too close to me. I do know of one person 1 removed.

C - The 25K note (and others) have English on one side and Arabic on the other side. What is behind this is the actual movement of USA to put this currency in place. T - I know where it was printed and who put it in place and the reason for the design structure it there and for the greater good.

C - Are you going to put the 800#s on your site? T - We will put the 800#s on the front of the site and have to move the rates into the Forum so we'll know only our members have access to them. These will be the basic rates.

C - Is Zimbabwe in the RV? T - Yes, I hear it is and the rate is at the bank, even though we were told initially it wouldn't go until January 2014.

C - Do you have any idea how long it will take from Sterling once you make the call and if the rate is the same as the bank, shouldn't you be able to just exchange it with them and wire it to your bank account? T - If the rates are the same, absolutely. Go online, make a sell order, and have them wire the funds to your bank. When you call the 800#s they're not going to ask you when you want your appointment - they're going to give you the next available appointment. Same with Sterling - they're trying to accommodate people on that same timeline. Plan on taking the first available date with both bank and dealer.

C - With the people cashing out early, what's to prevent the gov't from taking the rate down to the CBI rate? T - There is nothing to prevent that from happening, but those who cashed out early will have to pay back the difference.

C - Who is big enough to cause this to happen when everyone is in agreement? T - The people who are negotiating this for our country are big enough. O is not involved in it. It's the people to whom it has been delegated who are representing us. I don't know why it doesn't happen when they are all in agreement. It's not about us but about them satisfying things on a global level and egos.

T - I do think it will happen this month and I don't think the groups will get anything that we won't get. This morning rates even changed for them and the ways it was structured. The procedures are being fine-tuned. They are trying to level this and get it done in the 1st four days with people just going in and doing it. The one thing that bothers me is that the people are getting paid to set up the groups and then they say others won't get paid unless they are part of our group. The groups are only attached to WF. So if you don't want to be part of that group use a different email address and you're totally out of their system. If they would just be honest. A new group came out yesterday. When they do things like this it just stresses people out. They have to be getting paid or they wouldn't be pushing the group so hard.

  T - That's it for today. Realize that everything is in place. It could go anytime and this morning we heard the green light has been given the it's ready to go again. The celebration welcoming Iraq back into the glbal community is set for later this month. The rates are still high (27.87, 3.87, ZIM @ .22 and Rupiah @ 1.08). People are at the cash-out centers and call centers. If something extremely good happens I'll put out a blast. We are in a good place with good info and you could very well see this today, tomorrow, or before the celebration date, which is scheduled before the end of the month.

END OF CALL.

LOECHIN CHAT; " WE WILL SEE THE RV NOW: $27.87 FOR IQN & $3.67 FOR VNN" 21 OCTOBER

Oct 20 9:03 PM [Leoff] loechin - please provide uw with somelate night encouragement...
Oct 20 9:04 PM [loechin] I'm still getting info since I've been gone but like I said someone got their butt kicked
9:04 PM [Leoff] loechin - what does that mean? Are we 'close'...like tomorrow?
9:04 PM [loechin] So we will see the rv now
9:04 PM [Obsidian] loechin who got their butt kicked???
9:04 PM [Austin-Powers-For-PM] loechin Any hint of who got their butt kicked?
9:05 PM [loechin] So it will happen now guys
9:06 PM [ryan31] loechin now as in NOW NOW?
9:06 PM [davidu1957] I like now!!
9:06 PM [Leoff] loechin - 'Now' is when? Can you provide a more specific idea of date and time?
9:06 PM [mclarenr8] Thank u loechin
9:06 PM [loechin] Take the street rate guys please

9:06 PM [may5star] Please define "NOW"
9:06 PM [Obsidian] loechin what is the street rate?
9:06 PM [ninnypickles] loechin why???
9:06 PM [OkieGirl] loechin. Why street rate?
9:06 PM [jesusdidit2] $27.87
9:07 PM [loechin] Don't negotiate
9:08 PM [loechin] 27.87 and 3.67 VNN

9:09 PM [loechin] Won't say when now is just being told now it goes
9:11 PM [loechin] Yes rates are great and ready

TK CHAT: " MANY INTERNATIONAL CURRENCIES FOLLOW RATE CHANGE PROTOCOLS", 21 OCTOBER

10:25 PM [TERRYK] HEY ALL
10:26 PM [TERRYK] HAD TO COME IN JUST GOT A CALL
10:26 PM [TERRYK] THAT MADE MY HAIR STAND UP
10:26 PM [TERRYK] OH YEA I WAS LAYING DOWN AND ITS PRESSED THAT WAY
10:27 PM [TERRYK] OK HERE IS WHAT I GOT PLAIN AND SIMPLE
10:27 PM [TERRYK] WF CONTACT HAS INTERNAL MEMO
10:28 PM [TERRYK] INTERNATIONAL FLUXUATION TOMRROW
10:28 PM [TERRYK] MANY INTERNATIONAL CURRENCIES FOLLOW RATE CHANGE PROTOCOLS
10:28 PM [TERRYK] I JUST TOLD YOU WHAT I WAS TOLD
10:28 PM [TERRYK] TAKE IT FOR WHAT ITS WORTH
10:32 PM [TERRYK] LATE CALL FROM THIS WF DUDE
10:32 PM [TERRYK] FYI
10:32 PM [TERRYK] HE WAS VERY CONCERED CALLING SO LATE
10:33 PM [TERRYK] BUT HE JUST GOT THE MEMO EMAILED TO HIS PHONE
10:33 PM [TERRYK] WAS ALL PUMPED AS HE HAS DINAR AS WELL

STRAIGHT TALK CHAT: " HIGH ALERT FOR RV-THIS IS OUR WEEK", 21 OCTOBER

StraightTalkChat:

Topic: MULTIPLE SOURCES CONFIRM ON HIGH ALERT FOR RV - CAN POP ANY TIME - THIS IS OUR WEEK! - YOUR BLESSING IS COMING - REJOICE!!!

[TurtleIsland]  How to Turn 100 Trillion Dollars Into Five and Feel Good About It The Highest-Denominated Bill Ever Issued Gives Value to Worthless Zimbabwe Currency

By Patrick McGroarty and Farai Mutsaka 

Updated May 11, 2011 12:01 a.m. ET

A 100-trillion-dollar bill, it turns out, is worth about $5.

That's the going rate for Zimbabwe's highest denomination note, the biggest ever produced for legal tender—and a national symbol of monetary policy run amok. At one point in 2009, a hundred-trillion-dollar bill couldn't buy a bus ticket in the capital of Harare. 

But since then the value of the Zimbabwe dollar has soared. Not in Zimbabwe, where the currency has been abandoned, but on eBay.http://online.wsj.com/news/articles/SB10001424052748703730804576314953091790360

[GodNews] .Here's a link to TurtleIslands Zim Currency  http://www.bloomberg.com/markets/currencies/currency-converter/

BLC ADMINISTRATOR SHREDD CHAT, 21 OCTOBER

 BLC Administrator Shredd Chat 10/21/2013

[tlm724] Despite the White House end the Government shutdown crisis of America there is another crisis threatening the US economy is the US government debt ceiling height to record levels reached 10 trillion dollars, 

an amount much difficult in the absence of indicators of recovery of the US economy, threaten new economic crises threatening the dollar.
 The economic information center said in a press release received PUKmedia, copy, need work policy in Iraq in cooperation with the Iraqi Government to move Iraq from the dollar

that real economic risk has not experienced since the great depression in the 1920s which requires examination of alternatives to the dollar on the foreign currency basket

Iraq reserves contain the most stable Asian currencies like the Chinese Yuan to the euro and pound sterling, Japanese yen and other currencies are more stable than the dollar

add To promote the transformation of dollarization in the Iraqi market phenomenon to a basket of currencies through partial incorporation of these currencies in the beginning auction currency

and encouraging the Iraqi market for circulation through the payment of such currencies particularly for imports coming from countries that trade these currencies.

Central, Member of the parliamentary Finance Committee Naguib to Iraqi currency current limited categories don’t harmonize with balancing Iraq and encouraging investors not so yzetron to trading in foreign currency “.

Najib said told PUKmedia, said Sunday, “If there were coins of 200 or 250 thousand for the encouraging motivation improved monetary policy.”

“The current figure is difficult without study and without the reform of the economic and financial system in Iraq and current currency unlink Iraqi dinars to the dollar.

MP Najib stressed that “the disengagement of the Iraqi dinar to the dollar needs to raise the value of the Iraqi dinar and clear plans and strategies and the use of some economists.

Said Professor of Economics at the University of Sulaymaniyah Khaled Haidar to unlink the dinar from the dollar is not possible that the Iraqi economy is one-sided, that Iraq exported oil and imports most of its needs from abroad any dollar that exposed Iraq anyway to crises.

Haider in emphasized told PUKmedia, said Sunday that Iraq could seek to reduce a dinar to the dollar through increased domestic production and reduce imports from abroad to fill the growing demand caused by increased purchasing power relative to increase in population in the countryLINK

[tlm724] there is an alternate translation in the forum also ^^^

[Shredd] tlm724 the way I see the above is this...first of all, I see two concepts we need to differentiate, a peg to the dollar is one

[Shredd] and the other is Iraq's dual currency situation, this article above is addressing the latter, the dual currency situation

[Shredd] so, Iraq is constantly having to balance pricing between the two and fluctuations in the rate or threats to the stability of the dollar affects them more than other countries

[Shredd] so, in a way, this dollar instability is good for pushing the agenda of getting away from using the dollar as the primary street currency, they see it as risky

[Shredd] that is what this article is stating....

[tlm724] right I was talking about that yesterday

[Shredd] yes and I'm right there with you

[Shredd] the above is not talking about a peg, regarding a peg, Iraq's finance ministry along with the central bank will monitor the dinar exchange rate relative to the dollar's value.

If it falls below a certain range, they will buy dollars -- many countries do this typically in the form of U.S. Treasuries. This increases the dollar's value so it once again falls within the intended range.

If the dollar were to rise above the range, the dollars or Treasuries are sold to lower the dollar's value back within its targeted range.

This is how a peg works, so there is an effect but as Iraq has their own currency, they can adjust.

[Shredd] now, since the issues of the US debt are mentioned, we may as well briefly touch on that......

[Shredd] so long as an issuer can repay their debt and their aggregate assets do not lose their ability to meet their obligations, there is not a need for concern, that said, the rising debt is concerning, for sure, but the buyers of our debt are still in place because they get the nice returns

[Shredd] political extremist thinking will say that other global powers will call our debt or will stop lending out of concern about our debt, not so

[Shredd] again, so long as the US continues to meet it's debt repayment obligations, and they will, it's going to be fine

[Shredd] I'm not ignorant to see how spending in the US needs to be fixed, for sure, but we all will leave that to capitol hill .....not gonna have a political debate

[raindrop1] Shredd -tell that to the ill informed shredd !!!

[Shredd] borrowing and lending is what makes the wheels of global finance turn

[raindrop1] I'm tired of the fear mongering

[Shredd] the global powers need to lend to get the returns they get, the US is a lending country too. so anyways tlm724 , the above article is addressing the dual currency situation.... I stand in agreement with you!

[Shredd] raindrop1 agreed and what's funny.... is, those same people forget that the US will trade all the dinar they collect (as other countries will) when we all trade it at our banks.

[Shredd] a great stimulus indeed

[tlm724] Shredd tyvm !!!

[Shredd] anytime!