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Saturday, February 7, 2015

EXOGEN UPDATE, 7 FEB


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    Stressed Prime Minister Haider al-Abadi, Saturday, he will announce next week a new initiative aimed at strengthening the Iraqi economy through the support of the private sector, pointing to the allocation of funds in the federal budget to repair the devastation caused by "Daash" a number of cities in Iraq.Ebadi said in a speech on the sidelines of the Munich Security Conference, "The government will work to reduce burdensome regulations and the privatization of some companies owned and encourage domestic and foreign investment," adding that he would announce "next week for a new initiative to strengthen the Iraqi economy through the support of the private sector." Abadi added, "We seek to repair the devastation caused by Daash Although we in the midst of war with the organization," noting "the allocation of funds from the budget to complete it." It is noteworthy that the prime minister Haider al-Abadi, arrived, the first on Thursday to Germany at the head of a ministerial delegation on an official visit, to discuss the development of relations between the two countries and the efforts of the international coalition against al "Daash", which German Chancellor Angela Merkel met with the Iraqi community, and delivered a lecture at the Institute Cropper, also met today in Munich Kurdistan Region President Massoud Barzani.
    http://tinyurl.com/msmeuzg

KTFA CHAT UPDATE, 7 FEB

KTFA:
islandg1211 :The curfew was "put into place by US troops in 2003." My point exactly. Doesn't anyone else recall Frank discussing why, for legal reasons to meet the definition of sovereignty, the US had to pull out prior to Article VIII and the RV? We had this discussion back in December 2012.

Some of us actually do have notes that far back. Lifting the curfew, IMO, not only sends the message that Baghdad is safe and secure, but SOVERIEGN.

I've been wondering if and when we will be told that Iraq has a holiday during our three-day Presidents' Day holiday. Dr. S may want a three-day holiday. Just wondering.

Frank26:   Greetings KTFA Family:  I'll try to make this short.
....
YES ........ The curfew lifted is good but not because security has increased BUT to increase it.

I will explain deeper on Monday's CC.

As for 2:30 today ........ Yes ......... It took a pen that Prez got 8 to 9 days ago.

You need to know about the next 3 days OR LESS ........ Should take us to Monday so we can explain the event on Wednesday to come.

We said they would NOT tell You ......... But trust me ...... Abadi is dying to tell You the mula is POURING IN LIKE A WATERFALL at this very nano second. THAT ACTION ........ IS SECURITY !!!

For what?

The Economic Reform of Iraq.

Also have to tell You about Ports .

A Cherry taste to the Port?   No ...... Just on Top of it.

Finally ......... All will be in ARABIC.    DELTA ........ Yours.

KTFA     Frank....... The others are saying ....... What?

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

Aggiedad77:   Hello Family…..Remember.....the BEST is yet to come!!!

Thanks for sharing Frank…..Aloha   Randy

DINAR IRAQ & DONG VIETNAM UPDATE, 7 FEB

DINAR IRAQ & DONG VIETNAM :y Own Prediction (To Believe It Or Not):- New Iraqi Dinar (IQD) will revalue to at least USD 1 to USD1.50, a suitable exchange rate based on the country current foreign currency exchange reserves, gold reserves, total monetary supply, national debts to GDP ratio, etc.
Time frame for possible revaluation happen will anytime now till June 2015. If after June 2015 still not happen yet, that means most likely been postponed to early next year. Just a revaluation sudden changes of exchange rate most likely will happen either on 1st Quarter or 2nd Quarter of the country financial year. Impossible will dragged till 3rd or 4th Quarter.
IQD will also most likely will happen immediate when current security problem inside country already been under control or ISIS been defeated, all area seized by ISIS before been taken back by Iraq Government.
Exact date nobody can know for sure, unless got insider news from CBI. The RV rate will sudden changes then few hours later, news just announce. Impossible will issue out news inform when RV first, to prevent panic buying situation worldwide.
The minimum rate RV range is also taken into consideration minimum rate required to combat and eliminate dollarization problem inside Iraq, the situation whereby its citizens more tendency to use USD in daily transactions.
The first RV rate will coexist for first 2-3 years until all currency supply worldwide hold by worldwide investors been taken back exchange return to CBI. After 2-3 years, exchange rate will eventually rise back to previous all time high rate of USD3.22 or more. IQD will continue by managed floating rate by CBI, by gradual growth RV first to USD 1 or over then eventually after 2-3 years return back to USD 3 over rate.

EXOGEN UPDATE : DIRECT INTEL, 7 FEB

S3A
  • On or before the 14th the Iraqi budget will be activated and monetary reform will begin.

    Five days left to wait before Feb 12 to continue to cope with all the angles and the maze of events.
    Clues to what is about to happen are hiding in plain site. 
    Keep an eye out and you will be able to connect the dots.
    • Saturday Afternoon Clues.......

      5 Days Left for the Iraqi Budget to be Public

      Our blessing should be arriving before or up to the 12th of the month (next week)

      Beware of events that MIGHT NOT Look or Sound accurate. The Truth is Hidden In Plain Site

      Lots of different angles to consider

    TISHWASH POST FROM TNT :Economists renew demands for the implementation of the deletion of zeros during the current year, 7 FEB


    See Remember yesterday I said don't panic that person said don't delete zeros now here to day we have the demand to delete the zeros!   

    BAGHDAD / JD / .. renewed a number of experts and MPs specialists in financial and economic affairs requiring them to begin proceedings preliminary implementation of the project to delete the three zeroes from the currency this year, because of its great importance to the Iraqi economy and the currency of the local, as well as to reduce the large digital accounts burden treasurers and facilitate the work of accountants in the transfer count numbers.
    He says the parliamentary finance committee member Abdul Qader Mohammed, said the project to delete the three zeroes from the currency is one of the important projects and necessary that need to be implemented, what ails the Iraqi currency from inflation figures, which prompted traders and owners of capital Iltjon to the dollar in the deal instead of the dinar and this is harmful The last of the national currency.
    He said Mohammed told / BD /: that the central bank must take initial steps to implement such a large strategic project starting this year and will be applied in accordance with the stages and specific period of time, to support the national currency and the Iraqi economy.
    He pointed out: that the Finance Committee and the House of Representatives supporting the President of the Central Bank and his work, stressing that the Finance Committee prepared that provide all the help and advice of the Central Bank in order to ensure the success of the implementation of this project, and strengthen the Iraqi currency's strength and restore its prestige in front of the region's currencies.
     
    For its part, renewed member of the Committee on Economy and Investment parliamentary Nora Albjara, claim the central bank determine the timeframe for the implementation of the project to delete the zeros from the currency, the fact that the project is one of the important projects the long-awaited years ago because of the security situation.
    Albjara she told / BD /: that the committee had met with the governor of the central bank earlier and I discussed with him about the project to delete the three zeroes, noting that the central bank governor said that the project will be implemented over the next four years.
     
    She added that the ground suited the current climate and appropriate to implement the project, for the central bank to start Bouktoath preliminary implementation of the project through the promotion and printing currency and to identify and establish a mechanism for how the issuance of the new currency and old pull.
     
    The economic expert on behalf of Jamil has confirmed that the deletion of zeros from the currency is a restructuring of the coin, and to alleviate the large digital accounts burden treasurers, and alleviate the burden of accountants in counting the transfer of numbers, "but he pointed out that" this is not the time to replace the currency, and that the lack of security and economic stability in the country, but must be a mechanism to start the procedures for the initial implementation of the project.
    Jamil told / BD /: that the project is important and necessary and must be implemented in the country while creating a conducive environment appropriate to the situation and in order to support the local currency and the national economy.
    The central bank has decided to implement the project to delete three zeros from the currency in early 2013, but the previous government refused to implement it and asked to wait to implement it until further notice. / End / 8 /

    MY LADIES CHAT UPDATE :Abadi :"Next Week He Will Put the New Economic System Into Play", 7 FEB

    MY LADIES:  Support the dinar   2/7/2015 0:00

     BAGHDAD - morning  called economic researcher state just to support the dinar exchange rate against the dollar over the insider only in local currency and away from the dollarization of the market because of the negative impact on the economy.

    MY LADIES:
     THIS IS WHAT WE WANT TO SEE HAPPEN, THE STABILITY IN THE DOLLAR / DINAR EXCHANGE RATE IN THE MARKETS IN IRAQ. PRESENTLY THEY ARE HOLDING WITH IN 20 DINAR AND THEY HAVE ENDED PRICE GAUGING.

    Adel said in a statement the "morning" is necessary to restore public confidence in the local currency, which has a lid large reserves of gold and foreign currency, and not underestimate the value to any other currency.

    MY LADIES:THIS IS THE STRONG RESERVES THE CBI HAS TO SUPPORT THE DINAR
    ....
    And stressed the need to restrict the dollar in the only foreign trade and expand handle local money in the trading of domestic trade between provinces or direct daily transactions in the markets between citizens and shopkeepers.

    MY LADIES: AND THIS SENTENCE IS CRITICAL NOW THEY ARE NOT ONLY TALKING ABOUT SETTLING GOVERNMENT DEBT IN DINAR BUT THEY BUT THEY ARE SAYING TO RESTRICT THE DOLLAR AND PROMOTE TRADE IN THE DINAR ONLY BETWEEN THE PROVIDENCES.

    It confirmed that the continuation of dollarization in Iraq harm the reputation of the dinar as much as would maintain public confidence in the dinar destabilizing to a large extent, indicating the need for attention to this subject by regulatory agencies and educate citizens not to be dragged into what is floating currency.

    MY LADIES: AND THIS IS GREAT TOO NOT ONLY ARE THEY SAYING TO USE THE DINAR BUT THEY ARE ALSO SAYING TO HAVE IT DRAGGED INTO WHAT IS A FLOATING CURRENCY SUCH AS THE DOLLAR. HUMMM THOUGHTS  ON THIS ANYONE??

    http://www.alsabaah.iq/ArticleShow.aspx?ID=86213

    MarineMom:
     I like the verbage, ... They are talking about educating (to me this speaks of preparing) the citizens... and the reference to support the exchange rate against the dollar... Sounds like they are ready for their currency to have some clout and are tired of the continuing dollarization or use of usd within country.

    MY LADIES:  MM: WHEN THEY SPEAK OF EXCHANGE RATE NOW THEY ARE TALKING ABOUT THE SPREAD AND COMMISSIONS, THEY WERE OUT OF CONTROL FOR A WHILE THERE WHICH IS WHY THEY JUST OPTED TO GO FROM 1186 TPO 1166 SEVERAL MONTHS AGO TO STOP THE DIFFERNCE IN EXCHANGE RATE.

    MrsJim524 the syntax is not great but it appears to me they are saying restrict the dollar to foreign trade and use the dinar for domestic trade between provinces.

    i would think we would be happier to see foreign trade done in dinar too

    MY LADIES
    :  MrsJim NO  THEY WILL ALWAYS SETTLE OUTSIDE IN DINAR AS PER THE LAW SINCE LAST YEAR.

    WE THOUGHT THE TURN OVER PROCESS FROM DOLLAR TO DINAR WOULD BE SLOW GOING, BUT THEY ARE TALKING ABOUT IT BETWEEN THE PROVIDENCES NOW TOO...VERY GOOD INDEED.

    MrsJim524:  so they are saying use dinar for all trade?

    MY LADIES:  YES  THAT IS WHAT THEY ARE SAYING

    BUT WHAT ABOUT THE LAST PARAGRAPH?? ANY THOUGHTS

    MrsJim524:  i'll take a stab at it - not only do they want dedollarization, they do not want the dinar floating

    Patti: 
     ML, sounds to me like the CBI is doing in-country damage control with the Iraqi people to re-establish trust with the banking systems.....and currency.   Building trust requires walking their talk, but the catch-22 they are in makes that challenging.  No $, no law or budget enactment.  They can't fulfil the promises made to the people without a repricing of the IQD.  (cash)

    MY LADIES: 
     PATTI THAT'S CORRECT TOO, THEY NEED TO FUND THAT BUDGET AND IN ABADI SPEECH YESTERDAY HE RE AFFIRMS THAT THE BUDGET IS APPROVED AND WILL BE ENACTED NEXT WEEK ALONG WITH MANY MANY LAWS...HE TOLD THE WORLD THAT YESTERDAY.

    Patti: So, just like us, the Iraqi people are waiting for actions that back up the promises.  Seems as if he's preparing the people just like you've been preparing us!  (clap)

    MarineMom: ML that's what I was refering to...in the last paragraph, when I said it looks like they are ready for the dinar to have some clout. They are saying how can it be respected  if they are using the dollar in country? When they warn about the floating currency, are they referring to the dollar?

    MY LADIES:
      YES MArineMom, I THINK THEY ARE REFERRING TO THE DOLLAR...BECAUSE THE DINAR DON'T FLOAT

    PrincessD
    :  That would be interesting to see what it does on the Forex and whether it will be a float. We have heard about Kuwait's float and it would seem that it would happen to the IQD as well. I honestly dont know how it wouldnt float with the investors jumping in.  I guess we will wait and be surprised.

    MY LADIES:  PRINCESS IF THE DINAR COMES PEGGED TO THE SDR AS WE THINK IT WILL IT WILL BE FIXED, NO SPIKES NO FLOATS.

    TO GO FROM 1166 TO 1 PENNY IS A HUGE UNHEARD OF SPIKE FROM THE BEGINNING, THERE WILL NOT BE FLOAT I'M SURE.

    Robert:
     ML I think they are saying they don't want the citizens to get ripped off from the various exchangers out there with floating rates as they see fit!

    Alan:
     ML,...............this quote confirms that the continued use of the dollar is harming the citizens as well the reputation of the dinar......"It confirmed that the continuation of dollarization in Iraq harm the reputation of the dinar as much as would maintain public confidence in the dinar destabilizing to a large extent,"

    MarineMom:
     educating citizens, asking people to use dinar instead of usd, concern about the reputation of the dinar... sure looks like they are preparing for something to me

    Alan: I believe this is preparing the public for the soon to come dedollarization throughout the country….OBTW......the only float is the large swings in the buy and sell prices on the streets.

    Folks,............the CBI needs to project confidence in the IQD...................letting it float/move around based upon world events will not project confidence. Instead, as the CBI has stated that they will defend the price of the IQD at all costs.
    In other words, IMO when the CBI states the value of the IQD it will be defend at whatever that value is.
    MY LADIES: SO THIS ARTICLE IS VERY GOOD AND RIGHT ON TIME WITH THE SPEECH HE GAVE YESTERDAY.

    DID EVERYONE LISTEN TO THE SPEECH OR JUST THE 25 MIN MARK OR WHATEVER?

    HERE NOW LISTEN AGAIN TO THE ENTIRE THING, THE MIDDLE PART ABOUT DOLLARS AND DINAR AND SUCH IS THE SAME FROM DAVOS BUT THE REST OF THE SPEECH IS ABOUT THE NEW ECONOMIC SYSTEM. DID EVERYONE OVERLOOK THAT?

    http://www.koerber-stiftung.de/mediathek/player/he-dr-haider-al-abadi-prime-minister-of-the-republic-of-iraq-gave-speech-in-berlin.html

    MY LADIES: GO BACK AND LISTEN TO IT PLEASE.

    HE IS SAYING THE BUDGET IS DONE,

    THE LAWS ARE DONE,

    AND THEY WENT THROUGH THE COUNCIL IN RECORD TIME.

    HE IS ALSO SAYING NEXT WEEK HE WILL PUT THE "NEW" ECONOMIC SYSTEM INTO PLAY.


    Dave: The PM announcing that he will initiate an economic system............. Speaks volumes

    MY LADIES: YES DAVE IT DOES...THE GOVERNMENT HAS THE DETAILS WORKED OUT AND THE CBI HAS THE MONEY WORKED OUT.

    JudahTribe8: GREAT GREAT GREAT NEWS!!!!!!!!

    PuddyTat: 
      YOUTUBE VERSION:  H.E. Dr. Haider Al-Abadi, Prime Minister of the Republic of Iraq, gave speech in Berlin - YouTube

    https://www.youtube.com/watch?v=-ldVdfdCGjk

    MrsJim524:  if you click "more" under the video you get a transcript

    KTFA CHAT UPDATE, 7 FEB

    KTFA:

    Frank26:  Hey CBI ......... How long does it take to get to The Core of The MR?

    Hmmm......... Give me a #@!% hammer and I'll show You.

    KTFA Family: I found it comical yesterday to note that the USA wants to increase our taxes in order to collect more revenue as the GOICBI prepares to pay the USA ......... TAXES.

    There are moments in The Universe's Chronology where major changes trigger off a combination of events.


    IMO ........ So was this to the IQD's MR. (Monetary Reform)
    ....
    THE USD that was just recently targeted for assassination has a lot of POWER and now due to THREE FACTORS .............. It has even MORE !!!

    There is ONLY ONE to twelve that COULD have demonstrated such POWER to the assassins ........... For ONLY ONE reason.

    Next?

    What does the dinar say to oil ? .......... Nothing.

    What does the OIL say to the DINAR?........ Show me the Money.

    OK.  KTFA    Frank.

    **********

    Frank26:  Family ........ Look at Your notes :

    "More than likely they will NOT tell You when the Prez signs the budget.........

    It MUST be fully at article 8 BEFORE it is opened to the INTERNATIONAL WORLD if not then Iraq will become an INSOLVANT STATE and that will spell investment disaster for You and I and .............. THE WORLD.''

    The planet WILL recover but in a desolate economic desert for many years to come before she will take a breath again.

    So much DIS-TRUST will be manifested in the Banking World.

    Wars will be the solution before any peace table to talk at.

    Individualism will become the norm ........ Closing borders of trade and communications.

    As a society our thinking will change not with prosperity but with paranoia against each other.

    Indeed......... Much is riding on this MR (Monetary Reform) of the IQD.

    As Much is expected by Many that have paid the price and now simply wait with the patience's of a sloth.

    Hmmm......... Tuff crowd this morning I see.

    Aloha Saturday ........ Take care.KTFA  Frank
    Briscom: I checked my notes Mr. Frank and I see that you did say towards the end of the CC that Iraq probably won't announce when the President signs the budget and when it will show up in the Gazette.

    Thank you for giving me the big-picture again. Still....my bp rises a little when I read this 'third-world nonsense' about who's playing 3-card monte with the budget.

    But you are right---the big-picture again...its just smoke because at this stage in that country's financial destiny--and the World's...its going to happen very soon now, Feb or March perhaps.

    Hope its Feb. Thanks for helping me to calm-down.

    ***********

    Strongcbm: 
     Now you got it my brother ..

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

    BigIron : 
     Iraq does not have 119 trillion dinar.

    ***********

    Frank26: 
     And to me ......... That is the Beauty of their incomplete mathematics.

    KTFA   Frank


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

    Robdel » February 7th, 2015, 2:51 pm  Here is the PDF for the meeting of the 20 CBI governors with IMF UPCOMING GLOBAL ECONOMIC CHANGES TO OCCUR

    http://www.imf.org/external/np/g20/pdf/2015/020915.pdf

    G R O U P O F T W E N T Y GLOBAL PROSPECTS AND POLICY CHALLENGES

    G-20 Finance Ministers and Central Bank Governors Meeting February 9–10, 2015

    Istanbul, Turkey

    DINAR GURUS UPDATE, 7 FEB

    2-7-2015   Newshound Guru Enorrste  This country will become a powerhouse for three simple reasons:  first, it is the "wild west" meaning it is the last and best opportunity for the big players to make some serious money.  Second, Iraq has, without question, the largest amount of "natural reserves" in the world...  And, finally, third, Iraq has the strongest currency in the world, even though its current value "appears" to be toilet paper.  Mark my words.  The float will change the world's economic structure.  I am not saying this alone.  I have Saleh to back me up.  To paraphrase:  "the dinar will become one of the strongest currencies in the world and will be held by them for a very long time as a world reserve currency."  I've been in this over 8 years now.  However, as we enter the last lap, please don't lose faith.  I am a true believer that anyone who hangs in for the next "phase", as Shabibi used to call it, will be rewarded, not only somewhat, but very nicely indeed.  Iraq will literally save the paper currency system.  It must.  The other option isn't affordable.

    2-7-2015   Newshound/Intel Guru Bluedog
       Article quote:  "...announced a group of academics and economists and businessmen Iraqis on Saturday the establishment of Iraq Economic Forum along the lines of international forums and global."   I  SEE A PROCESS HERE AND I HAVE SEEN IT FOR SOMETIME,  SALEH IS ABADI'S FINANCIAL ADVISOR...ABADI...WE KNOW ABADI'S BACKGROUND...SALEH IMO TALKS TO SHABIBI "AS" HE WORKED FOR HIM AND SHABIBI WORKS NOW IN AN INTERNATIONAL ARENA.  SO ABADI IS TAKING CLOSE ADVICE FROM THE CHAIN OF COMMAND...IMO.    THEY HAVE BEEN WORKING THIS PROCESS OUT FOR A LONG TIME AND FINE TUNING AS TIME GOES BY...SALEH IS MAKING SURE THAT ALL LAWS AND LEGISLATION IS IN PLACE FROM HIS CHAIN OF COMMAND AND ABADI IS LISTENING WELL AND PERFORMING BEAUTIFULLY...IMO.

    2-7-2015   Intel Guru Wife in the Know
        you are on the brink of witnessing Iraq's dreams and also your dreams coming true. These next few weeks should prove positive for this to happen. The exchange rate will be $3.42 as I have always stated...

    2-7-2015   Newshound Guru Kaperoni  Article quote:  "...discussion of tax compliance with the United States of America Agreement (Vta) and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship."  This is good news.   They clearly are preparing for global investment.  Looks like they don't plan to pass the law until Sept 2015.  Which may be more related to year-end reporting than timing of investors.  You do not do that unless you expect global investment.  Again, a great sign that Iraq is preparing to open the economy.

    2-7-2015   Newshound Guru Millionday 
      Article quote:  "Adel said in a statement the "morning" is necessary to restore public confidence in the local currency..."   SO THEY ARE RETURNING THE DINAR TO A RESTORED CONFIDENCE LEVEL TO NOT UNDERESTIMATE THE TRUE VALUE OF IT`S VALUE-- LOVE IT.  Quote:  "...indicating the need for attention to this subject by regulatory agencies and educate citizens not to be dragged into what is floating currency..."  SO AS WE SEE HERE -- THE PLAN IS NOT TO NOT FLOAT.

    2-7-2015   Newshound Guru Enorrste 
       ...the passing of the laws is essential for the future of big time investment in Iraq.  At the same time, the announcement of the 17 major companies signing contracts today means that the "dam" is about to break, regardless of the laws.  I am still convinced that the urge to invest in Iraq by the major countries is enormous, and that they are apparently convinced that Abadi will see to it that their "gamble" by entering early will pay off.    Abadi has a degree in economics.  He has invited Shabibi back to the CBI, who is also an economist.  These guys understand what is needed, and they will get the job done.  Abadi is moving like a racehorse to get balls rolling.  IRAQ IS POISED TO TAKE OFF, NOT IMPLODE!

    REDENOMINATION BILL REDISCUSSED (Ministry of Finance of the Republic of Indonesia), 7 FEB

    Jakarta, 21/08/2014 MoF (Fiscal) News - Discussion on the Bill (RUU)of Rupiah Redenomination will be re-discussed by the government, Bank Indonesia, / House of Representatives (DPR). This discussion had been suspended due to rupiah volatility last year. According to Minister of Finance M. Chatib Basri, the bill will be discussed until the end of the Parliament session period of 2009-2014.

    "It was suspended since macroeconomic situation remained uncertain," he said in his office on Tuesday (19/8). He explains that if the bill is passed, during the 6 years of transitional period set, the old and the new rupiah will be used equally. "However, it could be 10 years (of transitional period), depending on condition. There will be a period when both types of money (new and old) are circulating in the community," he explained.

    The minister focuses on the Law enactment, in which the implementation will depend on macroeconomic condition. "Anyway,first of all, the Law should be enacted," said Chatib. He also emphasizes that redenomination is not sanering as only three rear zeros are removed. Thus, after being redenominated, IDR1 is equal to IDR1,000. (as)LINK

    EXOGEN UPDATE : SATURDAY INTEL, 7 FEB

    S3A

    • From a MARKET HISTORY perspective, this WEEK was one for the RECORD BOOKS
      Be ABSOLUTELY PREPARED for activation by TUESDAY
    • So Exo.......

      Your Picture Clues Mean either one of two Things!!!

      We're to look for China to:

      INFLUENCE our Opportunity for the 8th (Tomorrow)

      O R

      INFLUENCE The Public Rate to be @ $8

      Which I Believe Maybe the First Option

  • We read 8.16 from TerryK last week
  • TerryK is another that throws poop against the wall to see if it will stick....$8.16...some one is sniffing da glue bruh!
  • Not true, he has always said 8.16 weird but true. Consistent in that rate and calling the RV! I like him!
  • COULD VERY WELL BE THAT SHE IS TALKING ABOUT THE AVERAGE PERSON OFF THE STREET TAKING THEIR DINAR IN VERSUS A GROUP RATE. I WOULDN'T BE TOO CONCERNED WITH THIS.
  • Well 90% of us here are not part of a legitimate group, so I guess we will never see anything close to that even if it does exist.
  • WIFE IN THE KNOW UPDATE, 7 FEB

    Hello Everyone:

    It's been sometime since I posted my information. I know some of you have completely discredited statements regarding your investment in the Iraqi Dinar.

    Yes my timetable may have been a bit skewed but not incorrect, I come back in hopes of restoring your faith.

    Again you are on the brink of witnessing Iraq's dreams and also your dreams coming true.

    These next few weeks should prove positive for this to happen. The exchange rate will be $3.42 as I have always stated,


    I do have further information to substantiate this post. If given the opportunity via this site, I will expound upon it.Smile : )

    Wife in the Know

    Chinamasa urged to manage ballooning wage bill :Need of demonetize the Zimbabwean dollar , 7 FEB

    Key government stakeholders have advised Finance Minister Patrick Chinamasa to manage the country’s wage bill downwards to sustainable levels.
    Giving a report to the Portfolio Committee on Finance and Economic Development on the analysis of the 2015 National Budget by the stakeholders, the committee’s chairperson  David Chapfika said the stakeholders expressed concern on situation where 82 percent of the budget goes towards employment costs.
    Late last month Minister Chinamasa unveiled a $4, 2 million budget for 2015 with a major fraction of it projected to be channeled towards the ballooning wage bill.
    The stakeholders consulted by Portfolio Committee on Finance and Economic Development are Bankers Association of Zimbabwe (BAZ), Confederation of Zimbabwe Industries (CZI) and the Chamber of Mines (CoM).
    “It is neither prudent nor sustainable,” CZI noted during its meeting with the committee.
    He said the organisation welcomed in general, the protection measures, export incentives and other measures as enunciated in the budget.
    “The idea of establishing Special Economic Zones was applauded as a means of stimulating economic growth. The process of establishing these zones should however be more transparent and inclusive. The initiatives proposed by the Minister to use the regional best practice for determining the Poverty Datum Line (PDL) is welcome,” said Chapfika.
    He said the Chamber of Mines raised the concerns relating to issues that might render the mining as an unattractive sector for investment,” said Chapfika.
    “The Chambers’ issues revolve around erratic power supply, high royalty rates, taxes and charges payable to Fidelity Printers and Refiners. In addition to this, Government should adopt bold measures to address low investment in exploration activities.
    He said addressing the above measures would avert the closure of many mining enterprises.
    “There is a special task force that comprises the Ministry of Mines and Mining Development, RBZ and Fidelity Printers and Refiners, which was mandated to look into issues with the view of coming up with lasting solutions,” said Chapfika.
    He said BAZ commended the budget statement for the measures aimed at stabilising and restoring confidence in the financial services sector such as the recapitalization of RBZ, proposed assumption of RBZ debt, proposed demonetization of the Zimbabwean dollar and resuscitation of interbank facility among other issues.
    “There is need to educate the public about the new coins to ensure that confidence is instilled and to allay fears of the return of the Zimbabwean dollar. Related to this is the need to quantify the amount required to demonetize the Zimbabwean dollar balances and bring finality to the issue, thereby restoring confidence in the banking sector.
    “With regards to national debt, Government should urgently find ways of resolving it as this continues to significantly downgrade the country’s credit rating, thereby constraining access to concessional financing and international capital markets,” said Chapfika.
    He said manufacturing sector activity continues to decline due to inflexible labour laws, imports, the high cost of borrowing, obsolete equipment, among other challenges.
    “This is evidenced by capacity utilisation which declined from 39.6% in 2013 to 36.3% in 2014. Therefore, supportive policy interventions in promoting competitiveness of the domestic industry such as clothing manufacturers rebate extension, suspension of duty on milk powder and wheat flour, among others are commendable, as these measures have seen improvements in the capacity utilisation levels in the sub-sectors concerned,” said Chapfika. LINK

    ELIAM POST FROM TNT :Abadi said it again! 5 billion Iraqi Dinar = 440 million U.S. Dollars, 7 FEB

    ELIAM:Abadi said it again!
    5 billion Iraqi Dinar = 440 million U.S. Dollars
    Listen for yourselves from the 29th minute in his address to the Koerber-Stiftung Forum in Germany.


    If Abadi has made the same mistake as in Davos - I can only speculate why. Is he incompetent? Is he making a political statement to force the issue?

    The calculation works out to be around (just under) 9 cents per dinar. Again, obviously this is well below what we believe (are being told) it will RI/RV at - but then again 8/9 cents per Dong is also well below what we believe (are being told) the dong will revalue at also.

    So, do you think the two (mis)statements (9 cents per dinar and 8 cents per dong) are somehow correlated in the grand scheme of things?
    What do you think?

    Divingdiva :My calculator says this is 11.32 per dinar

    JHARGR13:Mine says 11.363636363636....  If you take 5,000,000,000 and divide it by 440,000,000...  Now my calculator could be manfunctioning again, it has been know to do that an I cannot talk a picture of it...

    PKG:It calculates to .088 per dinar, or rounded to .09 (9 cents).

    440 million ÷ 5 billion = .088

    ALLONE:Here's how I did it:
    5,000,000,000 * X = $400,000,000 (where X = the magical rate)

    x = $400,000,000 / 5,000,000,000

    x = .08

    ELIAM :Something to think about.
     
    Prime Minister Abadi stands before The World Economic Forum with a prepared speech in hand. In that speech he makes a DIRECT correlation between the value of the IQD and the USD.
     
    Whoops - he made a mistake. It plainly says in his notes 500 Billion Iraqi Dinars - but being a nervous politician standing before one of the world's most important economic forums he inadvertently says 5 Billion Iraqi Dinars.
     
    Do you buy it?
     
    Maybe he did make a mistake - but WHY would a DIRECT correlation between the IQD and USD find its way into the speech at all?
     
    Surely, Abadi would not make the same mistake TWICE - would he? I mean - just take THAT part out of the next speech so that Abadi doesn't do it again.
     
    But no - THAT part is kept in the prepared speech at the Koerber-Stiftung Forum in Germany also - and he makes the same mistake AGAIN?
     
    Is Abadi (or his script writers) THAT stupid?
     
    If you think it was NOT a mistake and you think that there is a good reason for insinuating a 9 cent conversion rate then, perhaps, you might see this in a different light. 
     
    No-one in the Dinar community believes a 9 cent dinar makes any sense - but like an 8 cent dong it does makes sense for an international community.
     
    Why else would Abadi make such a correlation to the world's economic elite?
     
    If the 8 cent VND rumour turns out be true - are you going to exchange your VND right away - first mouse?
     
    If the 9 cent IQD (Abadi instigated) rumour turns out to be true - are you going to exchange your IQD right away - first mouse?
     
    Just saying.

    FAITHB52:For most of you, think of it this way. If Abadi said 10 dinars equal two dollars, the equation would be 10 * X = 2, so you would divide the 2 by 10 and get $0.20 or 20 cents. Divide the $440M by the IQD 5B

    Dohall:Try this 25,000 / 1.oo USD/ 25,000 Dinar = .00004 value now
    = 440, / 5billion = much smaller than $11.0
    B52 is correct guys. don't rush to exchange

    ECCL19:440.000.000/5,000,000,000><X.88/11.32minus 25k+inflation/the sum = $3.58.... You guys just have it all wrong