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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, February 26, 2015

MILLIONDAY & MY LADIES UPDATE, 27 FEB

Millionday: HERE IS A GREAT ANNOUNCEMENT THAT ONE OF THE MEMBERS HERE SENT ME -- THANKS HUN
Millionday: Under the auspices of the Iraqi government of national reconciliation .. (Baghdad Declaration) .. Location: Baghdad (House of Representatives - House of the People)
When: Month February 2015
The name of God the Merciful
National Reconciliation (Declaration of Baghdad)
Introduction: national reconciliation project in Iraq depends on a comprehensive settlement and the principle of no victor, no vanquished and open a new page lead to bring security and stability and build a state of institutions according to the constitution. Style of dialogue and mutual acceptance and rejection of the fight against violence and terrorism under a tent State also depends aims of the project, which opens a new page to the care and compensation for the victims of all the previous stages through legislation and allocation of resources for this purpose, drawing on the support of the international community.
Millionday: NOTE -- ACCORDING TO THIS -- THE NATIONAL RECONCILIATION DECLARATION WILL BE WITHIN THIS MONTH -- WOW

Millionday: WOW THAT IS HUGE AND WITH ALL WE ARE SEEING AS WELL WITH THE MONTH OF MARCH BEGINNING -- HOLD ON TO YOUR HAT


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MY LADIES:  GOOD THURSDAY EVENING EVERYONE. NOVA AND I DECIDED TO DO A CALL THIS AFTERNOON INSTEAD OF TRYING TO POST EVERYTHING THAT’S BEEN GOING ON.

THERE IS JUST SO MUCH GOING ON THAT WE NEED TO ADDRESS.

 I MUST SAY TO OUR ROOM I AM SO VERY HAPPY TO SEE THE LEVEL OF UNDERSTANDING YOU HAVE ALL GROWN INTO.

I SPEAK FOR NOVA WHEN I SAY SEEING THIS ROOM SO CALM AND SO UNDERSTANDING OF WORLD EVENTS AND BANK EVENTS AND EVEN IRAQ EVENTS MAKE ALL WE DO WORTH WHILE.

WE REALLY ARE AN EXCELLENT TEAM ALL OF US AND IT SHOWS. I’VE HEARD IT SAID IT TAKES A VILLAGE SOMETIMES AND RIGHT NOW I AM SO PROUD OF OUR VILLAGE.
....
SO TO RECAP -ON THE CALL WE COVERED THE 50 DINAR NOTE, I READ YOU THE PDF FROM THE CBI WEBSITE WORD FOR WORD, SO YOU HAVE THE INFO AND YOU MAY DO WITH IT WHAT YOU WANT.

HERE IS THE PDF FROM THE CBI.
http://www.cbi.iq/documents/press%20for%2025-2-2015.pdf

WE DISCUSSED WHEN WE THINK THEY WILL TURN ON THE NEW SYSTEM BASED ON THIS SAME PDF AND WHAT THE CBI JUST TOLD US.

WE DISCUSSED THE DINAR MOVING FROM THE CENTRAL BANK IN BAGHDAD TO THE CENTRAL BANK IN KURDISTAN IN ANTICIPATION OF PAYING THE KURDS NEXT WEEK.  LINK
WE DISCUSSED THE TARIFFS, AND THE TAXES, AND CUSTOMS, THE TOP AND THE BOTTOM OF HCL AND EXPLAINED WHAT SELF SERVICING COMPANIES WERE.

SO FOR ALL THOSE THAT MISSED THE CALL OR COULD NOT BE WITH US HERE IS THE PLAY BACK PLEASE ENJOY.

DIAL IN PLAY BACK 712-775-7039 PIN CODE # 637708

DOWNLOADABLE LINK

https://www.freeconferencecallhd.com/playback_breda.html?n=DnyJW/dphy4

LOVE TO ALL……MY LADIES AND NOVA.

FORMER U.S. ARMY INTELLIGENCE OFFICER DISCUSSES RV AND FEDERAL INCOME TAX HOAX, 26 FEB

FORMER U.S. ARMY INTELLIGENCE OFFICER DISCUSSES RV AND FEDERAL INCOME TAX HOAX
LISTEN TO FORMER U.S. ARMY INTELLIGENCE OFFICER "COLONEL FISHER" - (START AT 53 MINUTES):

Clarifies ZIM symbol, exchange limit, groups, tax on exchange
He also explains the government income tax hoax as described by Peter Hendrickson in ‘Cracking the Code’ – “It’s all a scam!”
At 57:30: "This should happen, I would say, within the next three or four days."
Comments from a Skype chat room:
"The call was on Wed night (US) and Barbara is actually the lady asking most of the questions on the call. Start from the 53 min mark from when a guy calls "Fisher" calls in. "Fisher" I am told is a retired Army (Colonel) who worked in Intelligence and does free-lance intelligence work now.
A lot of great info on the dinar, dong, the groups (Admiral Group is mentioned), whale cash outs, the new financial system and when it kicks in, timing of the RV, Iraq budget status and much much more.
Listen to every word - it's brilliant intel and will help you think through your exchange strategy. Feel free to share.”

FRANK26 & INDYGUY UPDATES, 26 FEB

Frank26:   just came on from a tiring night of this 50 subject and was eager to ...... Share.

Try to recall what DELTA and I said about private planes on Monday's CC. Then recall what an article said on this same subject 24 hours later. Now ........ With that established ...... Again. Allow me to ask You about what the private planes contained. LD's ...... We shared.

So......... IF I was The CBI and was about to distribute LD's let alone further sub divisional fils of COINS then this is exactly what I would do. Because they are needed when 000's are lifted. 1166 works well with 000's but NOT with LD's and coins.

You see........ Friend ...... There is no other lower denomination. Hence You start with THIS 50 as EITHER replacing it OR ........... MAKE CHANGE. LOL ........ Actually in more ways than one..... LOL. You see ........ They will destroy the lowest and replace it with even lower categories of currency such as ......... I's ... 5's ... 10's and coins of 1/4 ... 1/2 ... 3/4.

Here is another of my cookies.............. IOO ...... The 50 will be made into change for The Citizens inside while outside ......... You will get a new rate to return ET Home.

KTFA Frank


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INDYGUY: :Family The below is IN MY OPINION ONLY

This is a move by the CBI that I would expect days before a major move (re-pricing). If I remember correctly the Iraq citizens (I believe Kuwait as well) were given a limited time frame (a month or two) to exchange the old Sadaam and Kuwait notes for the new ones that they use now.

After that time frame they were of no value. I believe this is what we are seeing.

Delta said on the conference call that IHO it would re-price before March 1st. With the passing of laws this week, this two month window introduced, the moving of money to Kurdistan, the taxes and tariffs being implemented on March 1st, the CBI auctions stopping plus the jets, cleaning of dash/isis and many more events, It appears IMO as well to be the case.

This chapter is closing with the last couple of sentences in your life...How will the next chapters in your life read? We have learned to have patience while we wait.....I recommend using those to make great sound decisions in the chapters to come.

A major "Thank You" to Frank Tink, Walkingstick (I salute you sir), Delta, and all those who contribute on a daily basis.  

INDYGUY

DINAR GURUS UPDATE, 26 FEB

2-26-2015   Newshound Guru My Ladies    I THINK STILL WE NEED TO SEE MONEY BEFORE THESE IMPORTANT LAWS ARE EVEN READ IN THE HOUSE.   JUST IN NOW...THE AGENDA FOR THE NEXT PARLIAMENT SESSION, SATURDAY THE 28TH AT 11AM.  GUESS WHAT FOLKS THOSE VERY, VERY, VERY, IMPORTANT LAWS THAT THE CABINET FINISHED AND JABOURI IS CALLING ON TO HURRY UP AND READ, WELL THEY ARE NOT IN THERE AGAIN.   I DON'T THINK WE EVER SEE THEM GET PASSED BECAUSE IF WE ARE CORRECT IN OUR LINE OF THINKING THEY NEED TO FUND FIRST.  [post 2 of 2]

2-26-2015   Newshound Guru My Ladies
   THE 24 HOURS HAVE PASSED AND THE BUDGET IS AN OFFICIAL LAW...THEY SAY THEY HAVE APPROVED THE ALL THE FINANCIAL ALLOCATIONS OF THE BUDGET AND THEY ARE GOING TO START IMPLEMENTING THEM.  WE SEE THEY HAVE THE ENTIRE PLAN WELL THOUGHT OUT, BUT NOW TO IMPLEMENT IT IS SOMETHING ELSE. WE WILL SEE MUCH ACTION IN THE COMING DAYS BUT HOPEFULLY THEY WILL ADJUST THEIR CURRENCY FIRST...
THE CABINET HAS THE IMPORT LAWS TO VOTE ON SENT TO THEM ON TUESDAY, THE NATIONAL GUARD LAW, THE INVESTMENT LAW, THE AMNESTY LAW AND YET IN TODAYS SESSION THEY READ A BILL FOR PAVING THE STREETS? HUMMM SORRY FOLKS BUT THAT STILL DOESN’T PASS THE COMMON SENSE TEST.   [post 1 of 2...stay tuned]

2-26-2015  Newshound Guru Arthur   Q. Are we really close or are we waiting on June or further out?  IMO based on everything I see and am hearing from our Arteam we are closer than close.  Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely.  The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime.  This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of  the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget.  All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq. [Post 2 of 2]

2-26-2015   Newshound Guru Arthur   People are asking me the same questions over and over so I will address them now. Q.  Is the HCL done?  A. NO It is not done and anybody saying it is either misinformed or doesn't understand the process. They have agreed to agree on many parts of it and still working out the bugs on other issues....there can be no fully implemented budget and subsequent revaluation without it.  Q. Is the budget in the Gazette?  A. NO.  The budget has been outlined in the law review of the MOJ site and has been signed, ratified, and agreed upon at every level but not placed in the official Gazette for immediate implementation and disbursement of all provincial funding.  It can't be be for obvious reasons but if it were, and still at the 1166 level we would all know it and it would not be anything to be excited about.    [post 1 of 2....stay tuned]

2-26-2015   Intel/Newshound Guru Poppy3
   I AM TELLING YOU THE PROCESS IS MOVING AS FAST AS THEY CAN GET IT DONE. THIS WEEK, NEXT WEEK OR 30 DAYS FROM NOW, IT IS WHAT IT IS. THEY KNOW THE DETAILS AND THEIR JOB AND THEY HAVE ALL ASSURED ONE ANOTHER THEY ARE GOING TO FINISH.  NO DATE IS A DEADLINE BUT THE PROCESS AND WHEN IT IS FINISHED WE WILL ALL BE BLESSED. IRAQ WILL BE SAFE FOR MCDONALD’S, CITI BANK, DOMINO’S OR FORD MOTOR CO. OR ANY INDUSTRY TO DO BUSINESS IN. THEIR MONEY WILL BE HIGHLY VALUED AND TRADEABLE AROUND THE GLOBE.   LET ME ASSURE EACH OF YOU THE WAIT IS SHORT AND THE BURDEN HAS BEEN LIGHTENED – WE CAN SEE THE PROGRESS AND HAVE BEEN ASSURED OF THE BLESSING COMING.  [post 2 of 2]

2-26-2015   Intel/Newshound Guru Poppy3    JUST IN....MANY ARE LOOKING AT THIS INVESTMENT AND WHAT IS HAPPENING ALL WRONG…THINKING SOMETHING OR SOMEONE IS HOLDING THIS BACK. THAT IS THE FARTHEST THING FROM THE TRUTH.  I HAVE A KEY PERSON THAT IS BEYOND REPROACH IN HIS STATUS AND INSIDE POSITION. HE HAS EXPLAINED THE PROCESS THEY ARE IN IS A PLANNED AND AGREED UPON PROCESS. ABADI, JUBOURI, BARZANI AND ALL THE LEADERSHIP HAVE AGREED ON IT, APPROVED AND THEY ARE CARRYING OUT STEP BY STEP.  I BEEN INFORMED TODAY THE FINAL PHASE OF THE PROCESS HAS STARTED.   IT WILL PLAY OUT AS IT IS SUPPOSED TO PLAY OUT.  FORGET ALL THE MINOR DETAILS OF THIS LAW OR THAT REASON – IT DOESN’T MATTER TO THE END RESULTS.  [post 1 of 2....stay tuned]

2-26-2015   Newshound Guru wmawhite
   tic toc, tic toc...that is the clock that is ticking at the CBI, BIS and at all of the central banks around to world as the CBI prepares to make their next and final move...JIMO.

2-26-2015   Newshound Guru Millionday   IT LOOKS LIKE THEY ARE ASKING FOR EXECUTIVE ORDERS WITH HCL -- FROM BASRA...THEY ARE ASKING THE PRESIDENT TO MOVE FORWARD WITH THE HCL PER AGREEMENTS MADE.   [Does the HCL have to be done before they can do anything with the Dinar?]  THAT WOULD BE UP TO THE PLAN THEY HAVE FOR THE COUNTRY... THE TIMELINE THEY ARE WORKING WITH HAS NOT BEEN RELEASED TO US -- WE DONT KNOW THE DATE...THEY...ARE WORKING VERY HARD TO MOVE FORWARD -- ABADI PROMISED TODAY TO THE CITIZENS THAT THE ECONOMIC CRISIS WOULD END -- THAT IS A HUGE STATEMENT.

2-26-2015   Newshound Guru OOTW 
 well the budget, in full, is posted at the ministry of justice site - today [Wednesday] - it's an active law.

2-26-2015   Newshound Guru Tlar   The CBI just released the pressure on this side of the equation by announcing they would again sell dollars to these banks, but just to cover remittances.  What they have yet to resolve is the liquidity problem in these same 32 banks.   Until they can resolve the liquidity issue for these banks, Iraq remains in critical mass IMO.  IMO they just don't have enough dinars to open the budget at 1166.  To me that says something has to change before March 1st when they implement the tariffs and taxes, not 45-60 days down the road To me they can't stay where they are, they have to move forward with monetary policy change or this problem will exacerbate.  [post 2 of 2] 

2-26-2015   Newshound Guru Tlar  
 The CBI made at the least a temporary strategic decision to start selling the dollar again to the banks to cover the remittance side of what was the auctions When they pushed the responsibility for remittances over to the independent banks and cut off the auctions at the same time, they essentially left the bank with few options and almost no way to obtain the hard currency needed to pay these imports with.  On the one hand they said you have to now pay for international orders and imports but we won't sell you the USD to be able to pay for it.  This immediately pressurized the system because potentially it stood to bring purchases to a stand still if not fixed

JEFFREY639 POST FROM TNT :ZIM or ZWN or ZWR: CAN WE OR CAN'T WE?, 26 FEB

    • Jeffrey639 said
      01:10 PM Feb 25, 2015
    On today (Wed. 2/25) Tony did a good job of clairfying that the legitimate codes for the Zimbabwe Dollar are (or will be) the ZWN or ZWR.  He did not clarify which symbol or 3-letter code is used with which currency denomination.  But my BIG question is, "CAN WE, OR CAN WE NOT EXCHANGE THE ZWN OR ZWR FOR USD YET?
    This is the burning question that no one asked.  confuse
    Adept1 said

    01:14 PM Feb 25, 2015
    I just got a confirmation by email that ZWR is the code to ask for at the exchange for the higher zim rate relating to 2008, series AA, 50 trillion and 100 trillion notes.  And Tony actually answered your question on the call -- some banks say yes, some no, someone he knows actually exchanged, but most of us will have to wait until it's been announced in public, internationally -- and that is tied to the RI / RV / GCR.

NEWS ZIMBABWE :US$1 for Z$35,000 rate for Zim dollar compensation, RBZ, 26 FEB

THE central bank will use the rate of one U.S. dollar to 35,000 Zimbabwe dollars as it moves to demonetize the local currency and compensate account holders who lost their savings when the government introduced multi-currencies in 2009.

Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya told Xinhua in an interview Monday that everybody who had an account as of December 2008 would be awarded a blanket five U.S. dollars per account regardless of whether or not there was any credit in their bank balances.
Mangudya's comments allay fears that had beset the banking public which suspected that the RBZ wanted to credit the accounts with only five U.S. dollars and disregard the balances in the accounts at the time of the introduction of the multi-currencies.

The Confederation of Zimbabwe Industries also issued a statement recently urging the RBZ to fully compensate account holders.
"The five U.S. dollars is the minimum but we're going to be using the United Nations rate of one U.S. dollar to 35,000 Zimbabwe dollars. We have revalued it from one U.S. dollar to 35 quadrillion dollars," Mangudya said.
"This explains why the figure (to demonetize) has risen from the initial six million U.S. dollars to 20 million dollars," he added.

Former Finance Minister in the inclusive government Tendai Biti had indicated that six million dollars would be required to compensate account holders affected by the abandonment of the local currency in favour of mainly the United States dollar and the South African rand.
Other currencies acceptable in the banks are the Australian dollar, British pound sterling, Botswana pula and to a limited extent the Euro, Indian rupee, Chinese yuan and Japanese yen.

The local currency was literally made moribund in 2009 when the government sought to arrest runway inflation which then stood at 231 million percent at the last official count, even though unofficial figures put it at 4 billion percent.
To cope with inflation, the RBZ redenominated the Zimbabwe dollar in 2006, 2008 and 2009, with the highest being a 100 trillion dollar banknote printed on bond paper after the German company which used to supply it with the special paper stopped doing so because of economic sanctions imposed on the country.
The central bank would also occasionally slash the zeros from the notes amid concerns from businesses that the many zeros were crashing their computer systems.

The demonetization of the local currency will be completed by June 30, 2015, allowing many people who had stashed the Zimbabwe dollar in its various denominations to finally discard it. LINK

SLH 1812 INTEL FROM S3A, 26 FEB


  • FYI, I just received word from my currency dealer that he has received word that the RV happened already TODAY. I do not have any confirmation of this, and he is waiting for the same, and is attempting to find out why we don't know about it yet--other than hearsay. Stay grounded, this is just hearsay at this point.  Blessings & Love!

ARTHUR UPDATE, 26 FEB

2-26-15 Arthur: Q. Are we really close or are we waiting on June or further out?  IMO based on everything I see and am hearing from our Arteam we are closer than close. Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely.

The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime. This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget.

All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq. 

DINAR IRAQ & DONG VIETNAM UPDATE, 26 FEB

DINAR IRAQ & DONG VIETNAM :THEY HAVE A SIGNED PLAN BY THE WORLD BANK AND IT HAS NOT YET BEEN ACTIVATED
THE ADOPTION OF THE MONETARY POLICY AND THE REFORMS WILL ACTIVATE THAT PLAN FOR IRAQ.
THEY NEED TO GO OVER EVERYTHING TO MAKE SURE THE ACTIVATION OF THE MONETARY POLICY AND REFORMS ARE ALL DONE CORRECTLY.
THEY ARE STATING HERE THAT THEY HAVE BEGUN THE FOREIGN REMITTANCE SYSTEM
THEY ARE MOVING FORWARD WITH THE PURPOSE OF THE BANK FOR THE STABILITY OF THE IRAQI DINAR EXCHANGE RATE AGAINST FOREIGN CURRENCY THROUGH EXCHANGE TO MEET THE NEEDS OF THE FUNCTIONS OF THE BANKING SYSTEM.
THEY ARE WORKING TOWARD THE REFORMS AND MONETARY POLICY BUT HAVE NO DATE AS TO WHEN.
THIS IS BEING STATED TO THE CITIZENS –VERY EXCITING.
CBI IS SAYING THEY ARE MOVING FORWARD WITH MONETARY POLICY — WHEN IS THE ???
THAT WE DO NOT KNOW.
******
This week is an interesting one. The budget is 100% done, which is exactly what we want. The CBI is mucking around with their auctions… and there’s a ripple effect happening right now, which will have an impact on the ISX and a lot more… but the fact that the CBI is changing things up has me asking questions, and I’m getting some VERY interesting responses. [ it appears that the budget has been passed and published in the Gazette. You have always talked about hca, budget, hcl and then rv. Would the hcl language be covered in the passed budget or should we be looking for an explicit law that will be passed and then also published in the Gazette?] It does appear that there was HCL-specific text in the budget, but the HCL has to be passed on it’s own. In other words, the budget supports the HCL, but the HCL will be a completely separate deal. With any luck, it will be dealt in short order!

DROPBOX LINK TO DOWNLOAD RV SPREADSHEET, 26 FEB

DropBox Link to Download RV Spreadsheet

Make sure you save it to you computer after you download.
This spreadsheet is a great tool to assist you with your Investments and Taxes.
I suggest you bring it (if possible) with you to your bank appointment.
Please be aware that I m not by any means a Tax expert. Please consult a professional to assist you in your taxes… Capital Gains Links…http://www.moneychimp.com/features/tax_brackets.htm ,http://www.moneychimp.com/features/capgain.htm
Enjoy Dinarians!

IRAQI DINAR 123 NEWS :CBI Cancels Currency Auction Sales, 26 FEB

Iraqi Dinar 123 News: – On Tuesday, the Iraqi Central Bank has closed the sale of foreign currencies daily auction. The media director of the Iraqi Central Bank Fadel Hussein issued a statement that in order to transfer funds, Iraq should cover banking offices, government banks and community, and to stop the bank involved in the auction of direct cash sale. He also added that this is not a conflicted conclusion; it is according to the budget bill 2015, which identifies the 75 million dollars per day auction amount.
He also pointed out that this is a part of policy of the Central Bank, in order to maintain the Iraqi dinar exchange rate constancy versus the U.S dollar, which has been guided to shorten the volume of daily sales auction. The Iraqi Central Bank sold billions of dollars a month in the previous years, but it radically reduced in the last few weeks. In the month of January, the CBI has sold more than 2.8 billion dollars. The bank sold dollars at the price of 1166 Iraqi dinars per U.S dollar, but the dollar price in the local market was 1220 dinars per U.S dollar with a difference of 54 Iraqi dinars.

S3A , TNT & KTFA CHATS UPDATES, 26 FEB

Stage3Alpha:

R&R > February 26, 2015 at 10:21am Great news today Exogen. So they sent money to the Kurds, they are expecting to pay salaries next week (which for them starts Sunday, 3/1/15), and at the same time the CBI says it's discontinuing the 50 note and replacing them starting March 1st

Coincidence? I DON'T THINK SO!!! Let's get it done!

If you thought there was a liquidity crunch in Iraq before, there's REALLY going to be one starting on Sunday.

We know almost all of the three zero notes inside Iraq have been pulled from circulation, and at the same time auctions of the USD stopped.

Citizens are making purchases in dinar are doing so with what few notes they have held on to. But take out the 50 and other small notes and how are they supposed to make change and/or do business?

This process is coming to an end .... FAST!
....
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R.V. / GCR
 February 26, 2015 at 9:39am   Globally, as of Yesterday all Quantitative easing has been STOPPED....TIMBER

marty > R.V. / GCR  to me this is HUGE. It means the beloved Rothchild's who USED to own 157 central banks globally are out of power and can no longer get money, the USA that missed global payments Jan 1, Jan 30, and Feb 17 is officially broke because the Feb can't print any fiat money. Also someone else owns the Fed. Could it be the REPUBLIC ? and the only way for the world to globally relieve their debt is ONLY through the GCR and NOW would be a good time to express the RV/GCR

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

TNT:

[sonlover]
 Any opinions on whether one denom of Zim is better than another? they all seem to be 2008 series, which I understand will become (or remain) worthless but I assume not until after there is an opportunity to exchange. I also wonder why XE is showing a rate at 1 ZWR to 13 cents USD when not everyone else is. Thanks!

[daz] sonlover THERE ARE FOUR SERIS OF ZIM. THEY HAVE DIFFERENT VALUS RELATIVE TO THE PERIOD OF PAST CIRCULATION...AND FUTURE VALUES MAY BE RELATIVE TO PAST CIRCULATION/BOOKKEEPING PERIODS...JURY IS STIL OUT ON THE FINAL RESULT...HANG LOOSE ……BE FLEXIBLE

[daz]  IM NOT SURE WHICH SERIES IS THE MOST VALUABLE OR EVEN VALID OR IF IT WILL BE AT THE END. MOST SOURCES SUGGEST THE 2008AA ARE THE BEST LONG SHOT. AND THE PRICE FOR ONE OF THOSE NOTES WENT UP TO $65 DOLLARS YESTERDAY AFTER THE CALL

[sunny] websites are still selling the 2008AA in the $40. range. That is one 100 T note. A year ago you could buy 450 Trillion for $29.95
KTFA:

walkingstick » February 26th, 2015,  Article 36 Redemption of currency

1. The CBI may decide to redeem banknotes or coins by issuing, free of charge, other
banknotes or coins in equivalent amounts
. A decision to redeem banknotes or coins shall be
issued in the form of a regulation of the CBI specifying the period during which the exchange
shall take place and the locations and times at which withdrawn banknotes or coins shall be
presented for redemption.

2. At the end of the exchange period, or at any other time specified by the CBI, redeemed
banknotes and coins shall be demonetized and cease to be legal tender.

3. The CBI shall notify the public, by publication in the Official Publication, of the banknotes
and coins that are legal tender.

http://www.cbi.iq/documents/CBILAW-EN_f.pdf

**********

Central Bank announces the withdrawal of 50 dinars a class of trading

said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months. The bank said in a statement received " Alsumaria News ", a copy of it, he was" given to stop the public from trading paper Cash category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004 ". The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will deposited with the bank and its branches for the purpose of being the equivalent value in the accounts we have. "

The Bank noted that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq." It is noteworthy that the bank CBI issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market.  LINK

**********

TF1564 »  GOOD MORNING AGGIEDAD........IS IT POSSIBLE THAT THEY WOULD ONLY REPLACE WITH ELECTRONIC VALUE IN THE BANK ACCOUNT. THAT SEEMS LIKE A GOOD WAY TO ELIMINATE AN ENTIRE DENOMINATION.......

READING THE ARTICLE I GOT THE FEELING THAT THEY WERE MOVING TOWARD GIVING "CREDIT FOR THE AMOUNT REDEEMED".. IN THIS WAY THE CITIZEN REMAINS WHOLE FOR THE AMOUNT THEY ALREADY OWN.

THEN THAT AMOUNT COULD BE CONVERTED TO A COIN OR LD PAPER.......OR AS THEY SEEM TO WANT TO HEAD TOWARD A CASHLESS ECONOMY. WHICH WOULD MAKE THE NOTES NOT NECESSARY....JUST THINKIN HERE...BLESSINGS

**********

Aggiedad77:
  FAMILY......here is a thought.....they give no details to HOW they intend to replace the 50 dinar notes....or what they will replace them with....2 20 dinar notes and a 10 dinar note?.......

OR......maybe this is the METHOD they will use to introduce the LOWER DENOMS!!!!!......

MAYBE.....will need to do some investigating.....if it is the LD's that are coming....they would not telegraph this intent to us I don't think....because it would have to mean a rate change too.....IMO.

Good Morning TF Great thoughts....yes that is also a possibility...and a means for them to push out more smart cards since so many Iraqis do not trust banks at this time and may not have bank accounts.....perhaps movement towards more e-banking....all good thoughts....as we continue to look for more concrete information as to what is really going on.

MY LADIES UPDATE, 26 FEB

MY LADIES:   GOOD MORNING EVERYONE

I HAVE A SHORT TIME FOR YOU TODAY THEN I'M OFF  SO LET'S GET STARTED,

 I HAVE SOME THINGS TO SHOW YOU SO LET ME GET THEM TOGETHER AND I'LL BE RIGHT BACK.

WE HAVE HCL BY THE WAY..

WE HAVE HAD IT SINCE 1/29 I'VE BEEN OVER THIS SEVERAL TIMES

SO LET'S SEE WHAT ELSE WE KNOW..
....
HERE IS THE ENGLISH VERSION OF THE BUDGET, WE'RE GOING TO COME BACK TO THIS A FEW TIMES THIS MORNING.

http://www.alsabaah.iq/ArticleShow.aspx?ID=85737

PARLIAMENT MET THIS MORNING AND HERE IS THE RESULTS OF THAT SESSION

http://ar.parliament.iq/LiveWebsites/Arabic/Container.aspx?PressReleasesID=14403

THERE WAS THE FIRST READING OF 2 LAWS REGARDING PAVING THE STREETS. THEY ADJOURNED AND S OIL IS UP AND GOLD IS UP AGAIN TODAY

SO FAR NO NEW SCHEDULE HAS BEEN POSTED.

Recovery of Brent crude contract today for up to $ 61 a barrel
http://alliraqnews.com/2014-06-14-07-34-14/168421--61-.html

Gold Price in Iraq and recorded a new high
http://alliraqnews.com/2014-06-14-07-34-14/168431-2015-02-26-06-55-32.html

ALL RIGHT SO FAR I’M SEEING THE PROMISE TO PAY MANY THINGS IN THE COMING DAYS

Urgent .. Finance Minister announces dues rice growers Exchange 
 http://alliraqnews.com/2011-04-18-02-57-37/168451-2015-02-26-08-22-20.html

Vice Kurdish demands regardless of financial allocations for the Kurdish Peshmerga forceshttp://alliraqnews.com/2011-04-18-02-57-37/168489-2015-02-26-09-38-13.html

Finance Minister announces employees of self-financing companies paying salarieshttp://www.khabaar.net/index.php/permalink/43131.htm

BUT SO FAR NOTHING HAS ACTUALLY BEEN PAID

DZ:
 So the payments can't be made at the current rate?

NOVA: KEY WORDS THERE "PROMISE TO PAY"   GOOD MORNING ALL

DZ:  because in the past it was paid in USD and can no longer be paid in USD?

MY LADIES:
 DZ THE PAYMENTS CAN BE MADE AT THE CURRENT RATE BUT FIRST THE FUNDS AFE NECESSARY TO MAKE THE PAYMENTS AT ANY RATE.

THEY NEED TO FULFILL THE MONEY IN SIDE OF THE BUDGET AND THAT IS WHERE THE CONVERSION WILL COME FROM.

DZ:
 So are they kinda of in limbo at the moment as far as being able to fulfill the ability to pay their bills?

SAGER
: Good morning all. Promise to pay is very nice to see. It means they haven't distributed the money yet. I'm still looking for the reprice prior to them moving the money

MY LADIES:  OK SO I LOOKED AT THIS BRIEFLY LAST NIGHT AND READ IT WITH NOVA. IT SPEAKS VOLUMES AND TELLS US THE 24 HOURS HAVE PASSED AND THE BUDGET IS AN OFFICIAL LAW. LET’S BREAK IT DOWN.

Inspector of Finance: the launch of the Implementing Regulations of the federal budget

2/26/2015 0:00

BAGHDAD - Tariq al-Araji fired ministries of finance and planning instructions and implementation of the federal budget of the Republic of Iraq for the year / 2015 after being placed in the general framework of the strategy required by the current stage and confirmed most of the approved financial allocations in the budget to take advantage of the employment of energies in order to continue the cultural building sophisticated Iraqi society.

RIGHT HERE THEY SAY THEY HAVE APPROVED THE ALL THE FINANCIAL ALLOCATIONS OF THE BUDGET AND THEY ARE GOING TO START IMPLEMENTING THEM.

The included instructions prepared in accordance with the provisions of the federal budget Law No. (2) for the year / 2015 in its segment first necessary to coordinate ministries and departments is related to the Ministry and provincial councils and offices of inspectors general validity of the controls in the use of approved allocations in the budget, while the second section which included instructions and implementation of the federal budget for the year / 2015 and included Sections III and IV Angels and instructions and powers of the implementation of capital project expenditures (investment) for the year / 2015. 

It stressed the two ministries to comply fully with what is stated in this regulation in the public interest and to avoid trespassing on public money and thus exposure to legal accountability.

The inspector general of the ministry Maher Hussein Rashid In an interview with the "morning" that the ability of the Ministry of Finance to pay employees and retirees salaries.

Among Rashid said the ministry held a lengthy meeting chaired by Finance Minister Hoshyar Zebari in the presence of officials and stakeholders from the financial and bankers to find solutions and alternatives and treatments effective to fill the shortfall in the budget, explaining that one of the solutions to resort to buying hawala bonds in times that require this solution because the hawala bonds benefits, along with non-load of government banks an additional burden being shouldered the burden of some of the issues relating to companies self-financing private Cabinet decision last firing his dues in particular.

THIS SAYS THAT THE ABILITY TO PAY SALARIES IS IN HERE AND NOW THEY JUST NEED TO FIND THE FUNDS. THEY ARE LOOKING INTO BUYING BONDS AND GIING TO THE PRIVATE SECTOR OF BANKING LIKE FINANCE COMPANIES FOR FUNDING.

He stressed that the provision of liquidity will be from through the imposition of taxes and fees through the activation of the tariff in order to bridge the deficit, they returned the budget planning and no realistic being affected by fluctuations in the economic market and revenue, whether oil or other revenues, and expressed hope that the ministry develop effective treatments for this thing.

THEY ARE GOING TO GET IMMEDIATE LIQUIDITY FROM THE ACTIVATION OF THE TARIFFS AND TAXES

He said the inspector general of the Ministry of Finance that the budget provided on compulsory savings, which is subject to the instructions and regulations issued by the Council of Ministers, who said he still has not issued these controls and therefore much talk about premature, noting that the ministry pending the cabinet puts controls and instructions relating to savings compulsory being one of the paragraphs in the budget, stressing that salaries staff is a red line that can not be untouchable.

THEY HAVE THE ABILITY TO USE COMPULSORY SAVINGS OF THE SALARIES, (THAT IS WHERE THEY TAKE HALF AND PAY IT BACK LATER) BUT SO FAR THEY HAVE NOT HAD TO RESORT TO THAT.

He disclosed that the value of the amounts that had been stolen "Daash" guerrilla terrorist of the Rafidain and Rasheed, after tottering on the provinces of Nineveh and Salahuddin, Anbar, Diyala, exceeded 200 billion dinars, noting that the ministry has completed the investigation into the theft of Rafidain Bank and approved by the Minister of Finance, as the competent Bank rational process of achievement.

He also noted that this topic observer by the Integrity Commission and the General Secretariat of the Council of Ministers and the Prime Minister's Office and the security stakeholders.

Rashid counting Finance great ministry includes banks, taxes and retirement and customs and other departments sectors and is in contact directly with citizens, the cast on the office very big tasks, and is therefore the most important concerns simplification of procedures related to citizen service, and in line with the orientations of administrative reform adopted by the state in order to mitigate the actions of all the joints of the ministry as a service.

He noted that the most important criteria for the part of 2015 year plan centered the development of an integrated and solid data to Real Estate State base, indicating that there was a doubt to be some properties the state is marked in the Ministry of Finance records, what requests to make various proposals the fact that work in the Real Estate State saves bush prevention before the investigation and therefore there were several proposals approved by the minister raised to higher authorities within the recommendations of the blessed Integrity Commission which was considered part of the evaluation of the performance of the Inspector General.

He went Inspector General of Finance that the ministry and after the completion of inventory real estate operations of the State will develop specific controls on the most important of the allocation of land for investment, adding that the ministry simplifies topics related to investment to be Iraq's ground valid for investors in order to promote the reality service in it, pointing to the existence of a high coordination with the investment entities body relevant in this direction.

He said the ministry stressed the need to activate the tax settling accounts, especially with the companies and the private sector Winning and actors, and the fight against tax evasion through a package of measures, stressing that the directorates Customs less vulnerable to corruption of border crossings.

http://www.alsabaah.iq/ArticleShow.aspx?ID=87673

AND THE LAST PARAGRAPH SPEAKS TO ACTIVATING TAX SETTLING ACCOUNTS WITH COMPANIES IN THE PRIVATE SECTOR. SO WE SEE THEY HAVE THE ENTIRE PLAN WELL THOUGHT OUT, BUT NOW TO IMPLEMENT IT IS SOMETHING ELSE.

WE WILL SEE MUCH ACTION IN THE COMING DAYS BUT HOPEFULLY THEY WILL ADJUST THEIR CURRENCY FIRST SO WE CAN ALL MOVE ON FROM THIS.

I’M NOT SURE ABOUT THE REST OF YOU BUT I’M READY TO TURN IN MY IRAQI VISA FOR GOOD,,,LOL…

OK LET’S KEEP GOING.

**********

OK SO ON TUESDAY I POSTED THAT THE CABINET HAD PASSED MANY LAWS AND SENT THEM TO THE HOUSE FOR A VOTE RIGHT? WELL HERE IT IS AGAIN, LET’S HAVE A LOOK.

Araji: The government fulfilled its obligations and has succeeded in the development of important laws

2/26/2015 0:00  BAGHDAD - morning,

said Deputy Prime Minister Bahaa al-Araji, that the government has fulfilled its obligations and has succeeded in the development of important laws, national Kahars, accountability and justice of the Federal Court, noting that now the ball in Barlman.ozkr Araji Stadium after his meeting with Libyan Ambassador to Baghdad Naji Ahmed Shalgam, according to a statement by the Information Office, the "morning" received a copy of it, that "the government has fulfilled its obligations and has succeeded in the preparation of important national Kahars, accountability and justice of the Federal Court Rules projects," noting that "some people do not want political stability to continue."

Araji that "the majority of the items and close the deal the political needs of the laws and the Constitution to refer the bill after preparing the House of Representatives, "noting that" the ball is now in the court of Parliament to accomplish what referred government from the task of the laws. "

He said the Deputy Prime Minister that "terrorist gangs had approached the gates of Baghdad, and forced to defeat by a fatwa religious authority and the formation of the popular crowd forces in a timely manner and make sacrifices, "While pointed out that" the fighter who sacrifices himself on the battlefield, it is unreasonable that the killing of a citizen in Baghdad, "asserted that" there gangs exploit Government support for PDF crowd and the government is serious about ending its existence. "

He said al-Araji, "We are trying to turn to invest in many sectors, internal wars draining a lot of money," .aloargi revealed the Libyan ambassador, according to the statement, about Iraq's desire to "strengthen bilateral relations and coordination to eliminate the common enemy of gangs Daash terrorist ", and was described as" Daash "as" the enemy of all nationalities and not an enemy of religion or sect ", he stressed that" Libya dear to us, and exposed him of unfortunate events has pained a lot. "

In turn, praised the Libyan ambassador, According to the statement, "the Iraqi government directives that serve the interests of Iraq and Iraqis, and to highlight the spirit of citizenship to live Iraq safe stable."

 He stressed Shalgam, in another matter, "and the existence of efforts for reconciliation between the two governments in Libya," pointing out that "we believe that it wants to stand Vladf us toward reconciliation in our country. "

http://www.alsabaah.iq/ArticleShow.aspx?ID=87682

SO BASICALLY WHAT THIS IS SAYING IS THEY WANT A HARMONIOUS GOVERNMENT SOME ROUGH FOLKS ARE TRYING TO DISRUPT THAT BUT THEY ARE GOING TO CONTINUE WITH THE WORK AND WRITING THE LAWS TO FIX THOSE PROBLEMS.

OK WELL GOOD LET’S SEE, THE CABINET HAS THE IMPORT LAWS TO VOTE ON SENT TO THEM ON TUESDAY, THE NATIONAL GUARD LAW, THE INVESTMENT LAW, THE AMNESTY LAW AND YET IN TODAYS SESSION THEY READ A BILL FOR PAVING THE STREETS????

 HUMMM SORRY FOLKS BUT THAT STILL DOESN’T PASS THE COMMON SENSE TEST.

I THINK STILL WE NEED TO SEE MONEY BEFORE THESE IMPORTANT LAWS ARE EVEN READ IN THE HOUSE. BUT WE JUST WAIT A LITTLE LONGER AND SEE WHAT HAPPENS

BE BACK WITH MORE…..HOLD ON
HERE IS MORE ON THE LAWS THEY NEED AND CALL TO HURRY THEM UP…WELL WE STILL THINK WE’LL BE SEEING ALL THESE LAWS IN THE REAR VIEW MIRROR.

LET’S TRY NOT TO GET STUCK IN THE WEEDS ON THE DAY TO DAY, TO CLEAR THE CONFUSION I WILL SAY 1 MORE TIME, IRAQ NEEDS LAWS, HECK, I’LL EVEN AGREE AND  SAY THOUSANDS OF THEM EVEN.

BUT FOLKS THEY CAN’T PASS THEM ALL WITH OUT BEING ABLE TO FUND THEM. RIGHT NOW IRAQ CAN NOT AFFORD TO PAY ATTENTION LET ALONE ANYTHING ELSE.

Jubouri urges the authorities to cooperate to accomplish laws

2/26/2015 0:00  BAGHDAD - morning

urged House Speaker Salim al-Jubouri, the need for cooperation of all authorities and bodies in order to speed up the task of law making, valuing the great efforts made by the State Council in providing consulting contributed to Tndij laws legislated by Parliament.

statement to his press office received a "morning" copy him, reported that "al-Jubouri, visited the State Council, briefed on the functioning of the Council and the Technical and logistical obstacles that lie ahead."

said al-Jubouri, during the visit, the need to "activate all avenues of cooperation between the authorities and bodies in order to speed up the important legislation of laws", promising to "exert all efforts in order to overcome all the obstacles that hinder the legislation of these laws."

House Speaker price, according to the statement, "the great efforts made by the State Council in providing consulting contributed to Tndij laws legislated by Parliament." For its part, expressed Presidency of the Council State Shura, according to the statement, about "pride and pride in this visit," asserting "it and council members are doing their best to provide all that would contribute to building a constitutional state institutions, including interest due on the homeland and its citizens."
http://www.alsabaah.iq/ArticleShow.aspx?ID=87681

**********

OK JUST IN NOW… THE AGENDA FOR THE NEXT PARLIAMENT SESSION, SATURDAY THE 28TH AT 11AM.

GUESS WHAT FOLKS THOSE VERY, VERY, VERY, IMPORTANT LAWS THAT THE CABINET FINISHED AND JABOURI IS CALLING ON TO HURRY UP AND READ, WELL THEY ARE NOT IN THERE AGAIN.

THAT’S RIGHT ....MORE FIRST READINGS ON LAND ORCHARDS AND EDUCATION HERE READ FOR YOURSELF

http://parliament.iq/details.aspx?EvID=10246

**********

NOTHING IS BEING LEFT TO THE LAST MIN, WE HAVE NO IDEA WHEN THEY WILL GET AROUND TO VOTING ON THESE LAWS AND I DON'T THINK WE CARE EITHER.

SATURDAY SESSION IS FOR NOTHING IMPORTANT JUST ANOTHER DAY OF PARLIAMENT IN THE OFFICE.

THE BIG LAWS THEY KEEP PREACHING ABOUT NEED FUNDS IN PLACE FIRST.

SO I DON'T THINK WE EVER SEE THEM GET PASSED BECAUSE IF WE ARE CORRECT IN OUR LINE OF THINKING THEY NEED TO FUND FIRST

THIS MEANS THEY NEED TO RE PRICE FIRST

THIS MEANS WE WILL BE OFF DOING OTHER THINGS

AND IRAQ WILL CONTINUE ON WITH BUILDING THEIR COUNTRY WITH OUT US.

SAGER:  AGREED ML!

MY LADIES:  I WILL BE BACK THIS AFTERNOON TO SHOW YOU HCL.

TLAR & MILLIONDAY & NEWS:Central Bank announces the withdrawal of 50 dinars a class of trading, 26 FEB

2-26-15 Tlar: The CBI made at the least a temporary strategic decision to start selling the dollar again to the banks to cover the remittance side of what was the auctions.  When they pushed the responsibility for remittances over to the independent banks and cut off the auctions at the same time, they essentially left the bank with few options and almost no way to obtain the hard currency needed to pay these imports with.  On the one hand they said you have to now pay for international orders and imports but we won't sell you the USD to be able to pay for it. This immediately pressurized the system because potentially it stood to bring purchases to a standstill if not fixed.
The CBI just released the pressure on this side of the equation by announcing they would again sell dollars to these banks, but just to cover remittances. What they have yet to resolve is the liquidity problem in these same 32 banks. Until they can resolve the liquidity issue for these banks, Iraq remains in critical mass IMO. IMO they just don't have enough dinars to open the budget at 1166. To me that says something has to change before March 1st when they implement the tariffs and taxes, not 45-60 days down the road. To me they can't stay where they are, they have to move forward with monetary policy change or this problem will exacerbate. 


2-26-15 Millionday: IT LOOKS LIKE THEY ARE ASKING FOR EXECUTIVE ORDERS WITH HCL -- FROM BASRA...THEY ARE ASKING THE PRESIDENT TO MOVE FORWARD WITH THE HCL PER AGREEMENTS MADE. [Does the HCL have to be done before they can do anything with the Dinar?] THAT WOULD BE UP TO THE PLAN THEY HAVE FOR THE COUNTRY... THE TIMELINE THEY ARE WORKING WITH HAS NOT BEEN RELEASED TO US -- WE DONT KNOW THE DATE...THEY...ARE WORKING VERY HARD TO MOVE FORWARD -- ABADI PROMISED TODAY TO THE CITIZENS THAT THE ECONOMIC CRISIS WOULD END -- THAT IS A HUGE STATEMENT.
*****
    • sounds like starting of Ld's
      • issued in the form of a regulation of the CBI specifying the period during which the exchange
        shall take place and the locations and times at which withdrawn banknotes or coins shall be
        presented for redemption.

        2. At the end of the exchange period, or at any other time specified by the CBI, redeemed
        banknotes and coins shall be demonetized and cease to be legal tender.

        3. The CBI shall notify the public, by publication in the Official Publication, of the banknotes
        and coins that are legal tender.

        http://www.cbi.iq/documents/CBILAW-EN_f.pdf


        Central Bank announces the withdrawal of 50 dinars a class of trading
        Thursday February 26, 2015 14:35

        Image

        said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months. The bank said in a statement received " Alsumaria News ", a copy of it, he was" given to stop the public from trading paper Cash category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004 ". The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will deposited with the bank and its branches for the purpose of being the equivalent value in the accounts we have. "

        The Bank noted that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq." It is noteworthy that the bank CBI issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market.

        http://www.alsumaria.tv/news/126132/%D8%A7%D9%84%D8%A8%D9%86%D9%83-...

        DS.....
        Central Bank announces the withdrawal of 50 dinars a class of trading
        26/02/2015 02:43 |

        Direction Press
        Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.

        The bank said in a statement received by "direction Press", a copy of it, he was "given to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004".

        The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will be deposited at the bank and its branches for the purpose of being the equivalent value in the accounts we have."

        He noted the bank that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq."

        It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. sa