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Thursday, January 16, 2014

ANGELIC POST FROM TNT FORUM, 16 JAN

Angelic posted in chat at 8:30 p.m. est.
JUST TALKED TO UNCLE TONY AND HE SAID TODAYS CALL WAS BOTH GOOD AND BAD. THE 3 LETTER GUYS LOVED IT BUT THE BANKS HATED IT. THE BANKS AND THE 3 LTR GUYS ARE IN MEETINGS TONITE AND I WILL LET YOU KNOW THE RESULTS TOMORROW ON THE REGULARLY SCEDULED TIME, AND ON THAT CALL YOU WILL GET THE SECOND HALF OF THE REAL DEAL REVEAL. THE BLAME GAME , THE DENIAL AND THE ACCUSATIONS ARE FLYING HI SINCE THE CALL. I WILL DO MY BEST TO HAVE A COURSE OF ACTION FOR US TOMORROW.

BLUWOLF POST, 16 JAN

Just Stop It - Bluwolf Thursday Night Post

People who deceive good people turn them into unwanting liars, but if it fits there purposes or agendas they just don't care who they hurt.

They by their disinformation have created confusion, chaos, mayhem and bad bank sportsmanship. They have aroused the masses making them do uncalculated and some what stupid intents or reaction to this bunch of lies making it so that even the providers are confused and this was the soul purpose.

I see no changes whatsoever on any category that pertains to this international release, I notice a lot of folks going silent ( nda ) and this is a good sign. 
  The official UST elected clearance house ( bank ) is awaiting patiently for there Go, my group its leader and all the rest of us are doing the same. So that is where we seriously are at.

Be in peace knowing that nothing has changed, you just cannot say that I didn't warn you about the greedys malintended and deceiving expressions both by the greedys in bank and dirty politics.

Please be wise and analysis everything said and if it doesn't smell good then don't eat it.

There are many lawyers who are dinarians and they are just waiting to see the intentions of how this thing is coloured, if the the exchange is different ln rate like some are saying preference for the elite and a low rate for us you can bet that there will be the cause for the biggest class action lawsuit ever given on a currency exchange,

Word to the wise is even illegal to even dare mentioning it on these sites so providers be on alert for what you have mentioned is unreal and unjust to all and honestly I do not think that bank or political party involve will dare to have 28 million dinarians sticking a class action lawsuit down your throats so be advised.

 This is the way I am seeing this at this time I just hope that these folks desist from feeding out this malintended misinformation  for it is stupid of you to even think  that we are like you STUPID.

 Be wise and get it done and we want all the correct 800#, it is about that time that you show us respect, I or we do not expect any less. Are we clear.

Bluwolf

EAGLE1 UPDATE, 16 JAN

Update For the GCR
I'll try to make this as brief as possible, but there are a number of things to discuss today.
As a preface to where I'm going today, let me take you back to a prophetic Word issued by Chuck Pierce perhaps as much as a year ago when he was in Beijing.  Speaking to a large group of economists and business leaders, Chuck prophesied that China (and I'm paraphrasing him here) would reverse its financial position in the world with the United States.  Holy Spirit has on several occasions prompted Chuck to prophesy with regard to a move of the Spirit in China, and he has visited the country on several occasions, being welcomed by both government officials and Christian leaders in the country.
Following that visit of a year or so ago and his ministry to this large group of economists, one of China's leading economists and a member of the current government stood in that same meeting and made a rather bold statement.  "From now on, China will begin operating financially after the model set forth by Jesus Christ."  (Again, I'm paraphrasing his comments since I don't have the text of that statement in front of me.)
Other prophetic leaders in the body of Christ have for the past years been speaking about a vast turnaround in China and a move of God to come that would transform the nation.
I'm not suggesting that we've seen this incredible change as of yet, and certainly the mainstream media only focuses its reporting on the international political wrangling between the U.S. and China, as well as China's efforts to influence the global currency reset.  That said, China has certainly become a driving force in the ongoing process to release the GCR.
For some time, now, we have been aware of a growing shift as the "button-pushing" capability has moved towards China.  We've already commented on some bond issues and bond-swap (or debt-swap) issues between the U.S. and China that have been a factor in the hold-up, and have also noted that American investors have (or may yet) held more Chinese debt than the Chinese government holds of U.S. debt.  Don't misunderstand or misconstrue what I'm saying here, please.  There have certainly been other factors influencing the delay of the Global Currency Reset including political events in Iraq.  With Iraq's currency being the pivot in this process, they certainly play a major role.
Again, I want to stress that this is far more than an Iraqi event, and if folks only keep their eyes on what is happening in Iraq, they will be misled.  Nevertheless, let me remind you that before Dr. Shabibi was so rudely and corruptly removed from his post as the Governor of the CBI, he several times made the statement that the CBI would need a three-day period in which to revalue the Dinar.  Some months ago, I made comment on one of Frank's CC's that I had been on the CBI website when they were testing out new WebPages in preparation for a new website.
I note this only because the CBI website has been down, and today is the third day the information -- at least on the English-language portion -- has not updated.  We saw the information completely removed, then saw the work being done on the Arabic side of the site, and then watched them put numbers back up on the English-language side in red.  The humor in the numbers on the English-language side is that they are the same numbers that were up prior to the take-down of the CBI site.  It almost appears that there was an auction today using the old rates, but when you compare today's numbers against the numbers of three days ago, they are identical; and the odds of duplicating to the last detail on two separate trading days are pretty remote in my opinion.
Moving along, we note that Vietnam's Central Bank has also been making significant changes to its numbers and its website.  When one realizes that China is a primary backer of Vietnam, this portends great significance.  Repeating something I wrote perhaps 15 months ago, PriceWaterhouseCoopers has projected that Vietnam is due to become the 17th largest economy in the world within the coming decade.  The revalue of the Dong should be of real importance to us in our strategic planning in the days to come, and it is possible (according to some of my sources) that the eventual return on the VND/VNN will outweigh the return on the IQD/IQN.
I've said all that to say this: Because of a number of political and economic events unfolding behind the scenes that I will not comment on in this post, it appears that there is significant cooperation taking place between China and Iraq in the timing of the RV/GCR release.  A number of people have asked me if Iraq will revalue its currency first, and then -- a few days or weeks later -- the GCR would be released.  The straight answer to this question is a resounding, NO!  With the potential return on the VND, the IDR and other revaluing currencies, a gap between the RV of the IQD and other currencies would spawn double-dipping on a scale you can't even imagine, and it could tip the balance of economic power in ways global economists shudder to think about.
Let's get to the end of this report, shall we?  All of the evidence in front of me suggests that China is going to pull the trigger on the GCR in cooperation with the CBI.  It is my position that we have seen a shift of the favor of God towards the Chinese, no matter how you might want to characterize this otherwise.  The timing of events behind the scenes is simply too coincidental to ignore.  Will they do that this weekend?  Could be!  Will they push it off yet a few days or even a week or more?  If I could personally talk to the central bankers who are all cooperating together in this move, perhaps I could answer that question more specifically.  Let's just leave it that the event is absolutely imminent.  I'll take it one step farther by saying that we are literally on a moment-by-moment basis.
I won't speculate on the various rates of the currencies -- we've done enough of that in the past -- but everything I've heard from within my sources (IMF, WTO, banks and USG agencies) tells me that the numbers have not shifted much from what I have previously discussed -- and I won't rehash that here.
Suffice it to say that everything has moved along, even if at a snail's pace, and after more than ten years of waiting through Basel III, Babylon II and international political and economic wrangling we are coming to a conclusion: one you will all appreciate!
Again, it is important to remind everyone that while we see many hands and many voices in this entire process, there has been one overriding force in bring this to conclusion and that is the Lord Jesus Christ!  The benefit to the Kingdom of God as this event matures is principally to fund the last great harvest of souls prior to Jesus' return.  Beyond that, it is a promise of God -- a covenant promise clearly stated in Deuteronomy 8:18:
"But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day."
Blessings on you,
Regner,

I4U CHAT WITH SWEETQUEEN , 16 JAN

I4U:

 [..SweetQueen] GOOD AFTERNOON EVERYONE!!! PLEASE REMEMBER THAT GOD HAS THIS AND IT WILL BE ON HIS TIMING…JUST REMEMBER THOSE OF YOU WHOM SIGNED UP UNDER A GROUP WILL BE CONSIDERED TO HAVE A PRIVATE EQUITY EXCHANGE. JUST BE PATIENT AND WAIT FOR YOUR EMAIL..

[..SweetQueen] EVEN THE PRIVILEDGED THAT HAVE EXCHANGED THE RATES HAVE VARIED…. REMAIN GROUNDED AND IN CONSTANT PRAYER, I DO HAVE FAITH THAT THE EMAILS ARE COMING FOR THOSE OF YOU IN PRIVATE EQUITY EXCHANGE GROUPS.

[just4me] ..SweetQueen I have been told that some privileged exchanged at $1.50. To be honest, I can see that. but not the crazy 38+ rates.

[..SweetQueen] just4me I HAVE HEARD ALL KINDS OF RATES ON THE EARLY EXCHANGES.

[presley] From Debtarheelgirl... he only speaks of the public the wf Private Exchange is not ever spoken of by Tony or dc or anyone - its a private purchase under contract with wells fargo as the broker and does not fall under what tony says at all = Tony does not speak of the wf private exchange in any of what he is saying or posting - its no need even listening to him if you are signed up with the wells fargo private exchange group list. This private group offering is separate than what you hear the public will be getting, with premiums all around = use nothing he says to go for the private exchange at all please. Hugs deb

[presley] PapaBear asked me if i would post that for you all...

END OF CALL WRAP UP TONY CC, 16 JAN

TONY - I WANTED YOU GUYS TO GET THE INFO

WHY WE WERE SO EXICTED YESTERDAY AND NOTHING HAPPENED

I'M HOPING THINGS CHANGE TODAY

I HOPE THEY HERE US AND SOMEONE PASSED IT ON AND

AND THEY PASS IT ON AND ALL THOSE PEOPLE FROM THE DIFF AGENCIES WE TALKED TO THIS OORNING STANDS UP AND SAYS HEY ITS NOT RIGHT

WE ABUSED THEM A MONTH AGO,,,, ITS JUST NOT RIGHT

THEY MAY STILL HAVE THE RATE AVAIL FOR SOME OF USS BECAUSE I DON'T KNOW HOW FAST THEYRE FILLING UP THE QUOTA THEY HAD

STILL LOCKED INTO INT'L RATE AT MINIMUM

STILL KNOW WHAT THE INTERNATIONAL RATE IS

DC- WE ARE HIGHLY FRUSTRATED JUST LIKE YALL

I AM VERY MUCH A GLASS HALF FULL GUY

I'M OPTIMITIC AND YES ITS FRUSTRATING AND A HORRIBLE THING TO DO BUT HEY

BUT SAY HEY IF THEY ARE LETTING THESE PEOPLE GO

ENCOURAGE YOU TO SAY HAY IF THEY ARE LETTING FOLKS DO THIS, WE GOTTA BE CLOSE BEHING

AFFIRMATION IN THE LAST 24 HOURS IT IS HAPPENING QUICKLY

THIS IS FOR REAL GOING DOWN VERY QUICKLY AND RAPIDLY

IT IS JUST NOT OUR TURN

PAM – I WANT TO THANK DC FOR DOING THIS FOR US, OUR TEAM HAS BEEN PHENOMENAL AND THANK GOODNESS YOU’RE HERE TO GET THE MESSAGE ACROSS FOR US.

IF YOU WANT CONFIRMATION, THIS IS IT

RAY -HAVE A GREAT DAY AND LOOK FORWARD TO SOME POSITIVE THINGS HAPPPENING

TONY – YOU GUYS CAN HELP ON THE BOARDS, TNT MEMBERS. GET THE MESSAGE ACROSS TO EVERYBODY THIS IS REAL, AND LIVE. THE BEST WAY TO THE MESSAGE ACROSS IS TO PAY TONY SO HE CANT TALK ANYMORE! LOL

I APPRECIATE EVERYONE AND I AM ALWAYS GOING TO DO THE BEST AND TELL YOU THE TRUTH AND WITH OUT ANY OTHER AGENDA

NOW OR POST-RV

AND DO THE BEST FOR YOU

ENJOY YOUR DAY, IF WE GET ANY FEEDBACK I WILL DO BLAST OR TWEET

SNAPS - WHAT TO TAKE AWAY IS THE RV IS STILL HAPPENING AND IN MOTION AS WE SPEAK.
TONY SAID IT IN THE MIDDLE OF THE CALL, AS AN AFFIRMATION.....WHEN IS ENOUGH ENOUGH!

OKIE'S POST MORE UPDATE, 16 JAN

3:00 pm cst [..OKIEOILMAN] GOOD THURSDAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. I WISH TO RETRACT AND CORRECT PORTIONS OF MY POST LAST NIGHT.

JUST THIS MORNING AS USUAL THINGS HAS CHANGED AGAIN. REGARDING THE SEPERATE BANKS NECESSARY FOR THE DINAR AND THE DONG, I HAVE LEARNED THAT IS NO LONGER NECESSARY AND THAT WHICHEVER BANK YOU CHOOSE WILL BE ABLE TO HANDLE ALL OF YOUR DIFFERENT CURRIENCIES.

ALSO NOTIFICATION THIS MORNING IS THE RATE IS STILL BEING DISCUSSED AND PROBABLY CUSSED. THE RATES POSTED LAST NIGHT WAS VALID BUT IT MAY/MAYNOT BE IN EFFECT NOW.

 THERE ARE CASH OUT'S TRANSPIRING IN DIFFERENT LOCATIONS ACCROSS AMERICA AND APPEARS TO BE ON A DISCRIMINITORY (SP) BASIS. PRESENTLY THERE ARE CONFUSION AS TO THE PROCEDURE FOR CASH OUT, WHICH AS I UNDERSTAND IS BEING WORKED OUT.

THE RATES GIVEN YESTERDAY MAY BE SUBJECT TO CHANGE. WE AWAIT FOR THE EXPLANATION AND INFORMATION ON HOW TO PROCEED WITH THE PROCESS, AND POSSIBLY THE RATE CHANGE. KEEP THE FAITH AS THIS IS GOING TO R/V, IT JUST MAY NOT BE EXACTLY WHAT WE EXPECTED BUT WILL STILL BE QUITE A BLESSING AT WHATEVER RATE DECIDED UPON.-----------BLESSINGS GALORE

DINAR GURUS UPDATE, 16 JAN

1-16-2014   Intel Guru Dinar Wishes   I was hopeful for this week to be the end of the road but sadly that reality seems to have been pushed aside again…It WILL HAPPEN, and it may take some time… I am looking for it before tax season is over.  Having said that, if it doesn’t happen by then I fear we are in a position of a LONG wait.  [Do you think this would have already happened if O [Obama] wasn’t in office?]   I will answer that by saying I know for a FACT it has been stopped with only moments for its time to launch.  I have every confidence it will be done but have no idea as to the timing.   [post 3 of 3]

1-16-2014   Intel Guru Dinar Wishes
   [Christine Lagarde just said on her press conference that central banks were responsible for the assets of their country to meet the value of their currency.  The oil, I thought, coming out of Iraq would value for a good amount – that does not count?]  They are under sanctions…Sanctions take whatever profit they create and divert them to the DFI funds.  [What is the DFI fund?It’s the operational fund set aside for Iraq to rebuild and run their country when they are finally free of sanctions… i.e., when they RV and have control of their currency.  [Do we know who holds the purse strings?]  The US and the IMF and the UN.  [post 2 of 3....stay tuned]

1-16-2014   Intel Guru Dinar Wishes   [What/who is the so called hold up?]   The problem with politics is politicians.   [Ours or theirs? Ours.  We hold the power as the ones who control the sanctions and also we control enough votes in the IMF to control that as well.  [What are the reasons for our government to hold it up for Iraq?]  It’s all about money…where we will spend it, who will spend it and how much goes to national debt…ETC.  [post 1 of 3....stay tuned]

1-16-2014   Intel Guru Winalot
    Looks like Iraq is charging different exchange rates to Arab countries than the rest of the world!!  This is very interesting.  I was re-reading The Exchange Rate of Foreign Currency in Economic Feasibility Studies, which has been around for awhile.  This document explains the difference between the true exchange rate of the dinar, and the "ammended exchange rate".   They are playing "you-scratch-my-back-I'll -scratch- yours" with other arab countries!   ...they are charging different exchange rates!!!

1-16-2015   Newshound Guru Adam Montana   
[IF you were an odds maker, what is the % probability that this ride will start to pay off in this new year?  And if it looks like it won't happen in this year, what year looks the best for a cash-in?]   I think it's funny you put it that way...because that's actually EXACTLY how I look at this whole thing...I constantly look at the odds. At the end of every conversation I have about the Iraqi Dinar, I think about one thing... "what are the odds that this currency will go UP this year?"  I won't pretend to know how high the Iraqi Dinar will go up this year, but I am willing to bet ANYONE that it WILL go up in the year 2014.  With that said, if you're on my side of this deal then you are on the winning side. I can't wait to see how much we win.

1-16-2014   Newshound Guru Tlar
  
Article:   "Iraq unlikely to remove zeros from the currencyRemember, everybody in Iraq has a vested interest in this project.  It has to be successful not just for Iraq, but every central bank that buys the dinar has to know that the CBI can support this.  The CBI cannot let the cat out of the bag because...it could wreck whatever their plans are with runs on the bank.  This change must have "shock and awe" for it to be successful.  It has to come as a complete surprise or it risks failure with Iraqi's second guessing and trying to take advantage.

1-16-2014   Newshound Guru Millionday   [the HUGE banking summit coming up is pretty much a conglomeration of these major sponsors to help Iraq grow their newly valued currency and also help all those involved in investments across a broad spectrum of categories. Am I correct?]   Iraq`s product (currency) is not worth a lot at all --- so in two weeks all the huge huge corp world bankers or store owners are coming to take part in adding Iraq`s currency to their market --- so the excitement would be that they are seeing that the value is worth the trouble and this advancement into the globe is going to be with the change in rate or they wouldnt be interested...that conference is full of the world of finance so i am truly excited --- huge players!!!

1-16-2014    Intel Guru Delta
   CBI IS PLAYING A CAREFUL GAME, THEY KNOW THAT EVERY ONE IS WATCHING, THEY ARE WORKING BEHIND CLOSE DOOR AS WE SPEAK. GET READY TO GET SURPRISE AS TURKI SAID A WHILE BACK.   IMO THE BUDGET WILL TAKE SOME TIME TO PASS THE PARLIAMENT AS USUAL, BUT THAT WILL NOT EFFECT THE RV.

OKIE UPDATE, 16 JAN

.OKIEOILMAN] CINCH UP YOUR SADDLES AND HANG ON----THE RIDE IS SUPPOSED TO HAVE BEEN STARTED--AS PER LATEST INTEL---
PRAY HARD AND BELIEVE----BLESSINGS GALORE

TONY BLAST, 16 JAN

I will be doing a call at 2est. Pam calls it THE REAL DEAL REVEAL.
It will be the truth as I know it and as it has been explained to me today.
TNTDinar
1/16/14
TONY

SCREEN SHOT IQD- USD IN UK!!! FROM TNT FORUM, 16 JAN



1 IRAQI DINAR= 1.2008 USD DOLLAR

MILLIONDAY POST, 16 JAN

1-16-2014   Newshound Guru Millionday   [the HUGE banking summit coming up is pretty much a conglomeration of these major sponsors to help Iraq grow their newly valued currency and also help all those involved in investments across a broad spectrum of categories. Am I correct?]   Iraq`s product (currency) is not worth a lot at all --- so in two weeks all the huge huge corp world bankers or store owners are coming to take part in adding Iraq`s currency to their market --- so the excitement would be that they are seeing that the value is worth the trouble and this advancement into the globe is going to be with the change in rate or they wouldnt be interested...that conference is full of the world of finance so i am truly excited --- huge players!!! 

WINALOT CHAT: "IS IRAQ CHARGING DIFFERENT EXCHANGE RATES TO ARAB COUNTRIES", 16 JAN

[WINALOT] i just found some really interesting stuff...

 [WINALOT] Looks like Iraq is charging different exchange rates to Arab countries than the rest of the world!!

This is very interesting.  I was re-reading The Exchange Rate of Foreign Currency in Economic Feasibility Studies  ( link http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en ) , which has been around for awhile.  This document explains the difference between the true exchange rate of the dinar, and the "ammended exchange rate".  Please read above if you are not familiar with it.

Then I found this....

The Central Control Measures for Adjusting Market Prices on Project Inputs and Outputs

Below are the central controls for adjusting market prices to assess the project inputs and outputs of goods, services and employment, which are used to calculate the net present value and return on investment in the economic analysis that governs investment projects which costs exceed one million dinars in addition to other standards stated in paragraph nine (a) of the instructions
The central control measures for adjusting market prices for the project inputs and outputs of goods. 

 First: Outputs:

 The outputs are divided for evaluation purposes in the economic feasibility studies (calculating national profitability) to the following totals using pricing rules defined for each group:

 1.      Export commodities: these include all goods produced in the project and directed for export.

Pricing rule: evaluate these goods using the export price FOB (FOB) and convert the foreign currency to its equivalent in dinars using the amended exchange rate.

2.      Goods marketed locally that substitutes imports: these include what has been marketed locally at the present time in the form of alternatives to imports, meaning that establishing the new project leads to cessation or reduction of importing the same commodity. When there is a direct connection between project establishment and discontinue of importing the same quantity and quality of a certain commodity.

Pricing rule: evaluate these goods using the import price CIF (CIF) and convert the foreign currency to its equivalent in dinars using the amended exchange rate.

 3.      Basic goods marketed locally: this group includes goods that the state wishes to encourage its consumption such as bread, sugar and other consumer items subsidized by the state in addition to basic infrastructure services such as electricity, water, gas, transportation ...etc.

Pricing rule: the actual price in the local market plus the revealed subsidy. To address cases where there are concealed subsidies (determining the price without the cost of production) the pricing rule is amended by using the actual price in the local market or the cost of production, whichever is greater.

 Second: Inputs:

The same way, inputs are divided for evaluation purposes in the economic feasibility studies (calculating national profitability) to the following totals using pricing rules defined for each of them.

1.      Imported goods: this group includes all investment and ongoing imported inputs.


Pricing rule: evaluate this group of inputs using the import price CIF and convert the foreign currency to its equivalent in dinars using the amended exchange rate.

2.      Locally produced and exported goods: this group includes locally produced inputs, but that usually heading for exports.


Pricing rule: evaluate this group of inputs using the export price FOB (FOB) and convert the foreign currency to its equivalent in dinars using the amended exchange rate.

3.      Locally produced and marketed goods: this group includes all locally produced inputs either normal inputs (investment and ongoing), or inputs of basic services such as water and electricity.


Pricing rule: evaluate this group of inputs using the actual price in the local market excluding indirect taxes and add the revealed and concealed subsidies, if any.

4.      Goods produced and marketed locally with the existence of excess or limited production capacity:
These goods include all inputs listed in paragraph - 3 - above, but with the presence of excess or limited production capacity.

Pricing rule: evaluate this group of inputs using the cost factors of production. And that is when there is excess production capacity. In the case where there is shortage in the limited production capacities evaluation should be by using the demand price. (This is normally higher than the cost price and reflects the willingness of commodity users for paying).

5.      Land: the land where the project will be established is supposed to be evaluated using the shadow price for the land element uttered by the revenue of the alternative opportunity, meaning what the community looses as a result of using the land allocated for the project, in other words, the shadow price for the land element is the marginal production value of the land without the project.

For the difficulty of assessing the marginal production value accurately it is replaced by the value of the land in the local market if it was purchased or by the annual rent if the land was rented.

The same rule applies even when the land is owned by the state and given free of charge to the project.

6.      Labor: distinguish between Iraqi and foreign labor used for the project, either during the construction or operating phase.

Foreign labor: foreign labor is handled the same way as imported inputs. For that, calculate actual paid wages in foreign currency or equivalent basis and convert to its equivalent in dinars using the amended exchange rate.

Iraqi labor:

1- Skilled: the average prevailing wage in the market is used.

2- Unskilled:  the average prevailing wage in the market for the construction sector is used.

Here is the BIGGIE in this article: 

"Pricing rule: evaluate these goods using the import price CIF (CIF) and convert the foreign currency to its equivalent in dinars using the amended exchange rate."

Link: 

http://www.mop.gov.iq/mop/index.jsp?sid=1&id=307&pid=295&lng=en

And last but not least.... (this is the one that will REALLY get ya)
Additional Foundations and Standards in Economic and Complementary Feasibility Studies

(Additional or complementary standards that are required to be used, that take into consideration the specificity of the distinguished concept of the overall economic development process adopted by the country).

As much as the matter is attached to the method of evaluating projects, the specificity of the distinguished concept of the overall economic and social development process including the standards connected to the national dimension for investments, the country’s standards and long-term strategic objectives linked to food and national security, strategic industries, transportation projects and joint Arab projects, can be identified as following:

1.        Socialist sector is a leading sector.

2.        Get the economy from a single economy to an open economy.

3.        Contribute to strengthen the country’s military force.

4.        Fairness in spatial distribution of investments.

5.        Achieving further steps towards the security of Iraq and the Arab nation.

6.        Technological development and technology transfer.

7.        The Iraqi economy is part of the Arab economy heading towards integration with it to the maximum limit.

The focus must then be aimed at achieving this concept of development practically, through transferring the above-mentioned definition to a set of rules that can be applied in the evaluation and comparison of projects, and the access to the required rules will be gradual and through [illegible] seven points above, as following :

1.      The Socialist sector is a leading sector: this means that the allocation of investments in a manner that would make the socialist sector a leading sector and capable of directing national economy as a whole, by economy means and in the  direction desired by the state which comes from the size of production sectors held be the socialist sector and types of production divisions it owns, therefore following foundations must be adopted:

a)     There are no non-economic restrictions on investment in the socialist sector, for that the responsible entities should not avoid accepting any project that is economically viable under the evaluation standards adopted in these instructions in the socialist sector.

b)     There is a minimum investment limit done by the state and affiliated entities in each division of the economic activity divisions and the plan assigns the volume of this limit, and commits concerned entities each according to its specialty by arranging proposed projects that compete under evaluation standards adopted to ensure this level of investment.

c)     There are some divisions that are exclusively left to the socialist sector.

2.      Moving the Iraqi economy from a single economy to a diversified economy, this principal is a general development one that means expanding and diversifying the divisions of industry and increasing agricultural production towards creating new sources of foreign currency. And reducing dependency on importing and creating new streams for financing government expenditure. There are paths for development that urge reaching the desired objectives in this regard by making the hub of economic activity local as much as possible. The assessment methods (traditional) greatly help in selecting a group of projects that strengthen the trend toward diversifying the Iraqi economy, projects with a higher rate of return in industry and agriculture make the production rate in the non-oil commodity sector to the total gross national product higher, and when using shadow prices especially for foreign currency the higher rate of return for these projects is attached with higher compensation of imports or increase of exports of non-oil source, or both.

In addition to the above this trend can be strengthened by making the minimum required return in production activities of production machines in particular, and industries with innovative technologies less than the rest of the activities. This action is as considering the shadow price of the foreign currency made available through compensating imports or diversifying exports in the basic and heavy industry divisions higher than in other activities, which will increase national economy integration with itself.

3.      The economic development to contribute in strengthening the Iraqi military force: this goal also reflects on the evaluation mechanism and that is in reducing the minimum required return in divisions that produce military supplies or help in the producing them, as well as in projects of military uses.

4.      Fairness in spatial distribution of investments: preparation of the investment budget in away that ensures reducing disparities between developed and less developed areas in the country. It is known that any evaluated group of projects will be at the end listed in the annual investment plan budget and in the five-year investment plan, and the evaluation is done according to technical methods that become known. As indicated by these instructions. There are also methods for budget preparation that substance is selecting optimal group of projects within the imposed restrictions, the fairness in spatial distribution of investments between areas can be considered another restriction to be added to the restrictions that is fixed beside the objective indicator when preparing the budget. For example, the process of budget preparation is described: selecting a group of projects that make the net present value as high as possible with adhering to several restrictions for example: the total investment amount allocated for all purposes is not more than a certain amount. And the average investment per capita in each province is not less than 50% of the average investment per capita labor required for the implementing projects in the first year of the plan is not more than...... The foregoing means that the evaluation of the project must become part of a wider system which is the evaluation and selection of projects and the budget preparation.

5.      The development seeks to achieve further steps towards achieving food security for Iraq and the Arab world: and in this area are different kinds of grains of necessary agricultural commodities that development in Iraq and the Arab world should seek self-sufficiency from and be partial to investment projects that promote grain production. Grain shadow price requires – average dunum yield in the world / average dunum yield in Iraq x CIF price in foreign currency (it is converted to the local currency by multiplying it with the shadow price of the foreign currency).

6.      Technological development and technology transfer: as technology in the production method and technological development is the evolution in the production of earlier goods and services, or to develop new products, it will be all expressed as costs and revenues. The assessment methods (traditional) ensure calculating the economic impact of technology for that. But there is an impact of technology thst is not calculated in the project evaluation process which is the dissemination of experience and new skills and these should be considered as imports compensation of skill and foreign expertise is added to net revenues of the project. As for the effects of technology on the environment they should be viewed from two angles: first, the costs of cleaning up the environmental contamination caused by the project technology and these are added to the cost of the project itself if it involves equipment or treatment followed by the project. Second, when preparing the budget constraints add appropriate environmental conditions at the district level, which ensures no to select a group of projects that contradict the minimum terms, whatever the their returns are.

7.      The Iraqi economy is part of the Arab economy heading towards integration with it: this principle can be addressed on two fronts first joint Arab projects that should accept the plan where the average return on investment in it is lower than in country projects of similar divisions. Second, the country projects that import inputs or export product to and from other Arab countries. And to strengthen Arab economic integration under the project evaluation mechanism frame, the shadow of foreign currency required to import raw materials from the Arab world is less than that what is used for importing from foreign countries. In return, the price of the shadow of foreign currency, which is aggregated from exporting to the Arab world, is higher than that used to export to other countries. This procedure gradually reflects on projects that promote Arab economic integration. This action may have a positive measure that pushes for similar conduct in other Arab countries.

Link:  http://www.mop.gov.iq/mop/index.jsp?sid=1&id=309&pid=295&lng=en

Re-read the last paragaraph!  They are playing "you-scratch-my-back-I'll -scratch- yours" with other arab countries!  This is saying that they are charging different exchange rates!!!
Winalot