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Friday, June 29, 2012

Central Bank wants Iraqis to drop the dollar in internal commercial transactions, 30 JUNE

Central Bank wants Iraqis to drop the dollar in internal commercial transactions


Azzaman, June 29, 2012

The Central Bank has decided to remove three zeros from the dinar, a move it sees essential to strengthen local currency and tempt Iraqis to stick to it.

For months, the bank has been mulling the issue but only recently it said a decision has been made and it was a matter of time to translate it into action.

“The knocking out of zeros will save Iraqis using massive sums of paper money in their transactions,” said Central Bank Deputy Governor Mudher Saleh.

Saleh, speaking in a seminar on currency organized by the High Institute of Accounting in Baghdad, assured skeptic Iraqis that the removal of zeros from the currency “shall not affect your earnings, wealth, financial and transactions, financial obligations and duties.”

He said, on the contrary, the Iraqi economy and Iraqi citizens were to benefit from the move.

The Central Bank, awash with hard cash reserves estimated at more than $60 billion, is working hard to boost the dinar’s value against major convertible currencies.

A firmer currency along with the removal of zeros has been among the bank’s priorities.

But Saleh said the bank was concerned to see the economy being dollarized and one target behind the new move was to lessen dependence on the dollar in domestic transactions and dealings by Iraqis.

A dollar is now worth about 1,200 dinars.

http://www.azzaman.com/english/?p=179

SOONERFAN, STUDLEY & FOOTFORWARD CHAT, 30 JUNE


GrannieAnnie] FOLKS PLEASE UNDERSTAND THAT THERE ARE THINGS THAT OUR INTEL GUYS JUST CAN'T SAY RIGHT NOW FOR SECURITY REASONS. SO PLEASE UNDERSTAND THAT AND DON'T BADGER THEM WITH QUESTIONS. THINGS WILL HAPPEN. WE JUST HAVE TO BE PATIENT. LOVE YOU ALL !!! LET'S PARTY TONIGHT !!!

Studley] thanks everyone.... I'm just here to help everyone understand currency better, you all are awesome

Soonerfan62] OK GUYS HAVE TO COME ON, NOT GOING TO LET studley HAVE ALL THE GIRLS. SORRY MY FRIEND LOL

[geterdone] studley Oh Wait a minute..........studley studley he's our man, if he can't tell us Soonerfan62 can......... :superlachen:

[1biz4u] Soonerfan62 got any info you can share with us??
[studley] Oracle stick with the VND and IQD, you r not going to get rate of return like it again, but I'm not a financial planner

[studley] ready4bank watch what the Euro has done, see the bump in gold and silver, and see the dip in dollar, the funding has been turned on, it is a process that seems to have started

keiji] Soonerfan62 Okie said he's on final approach. When's he going to land?

[highlander65] Soonerfan62 where is his plane?

[Soonerfan62] keiji highlander65 RIGHT BEFORE HE RUNS OUT OF FUEL

[honeybelle] Soonerfan62 hi just getting on what do you feel we are at?

[Soonerfan62] honeybelle honeybelle CLOSER THAN EVER

.Imagine] Soonerfan62 will the jet be landing tonight

 [Soonerfan62] .Imagine HOPE SO, BUT HAS A FULL TANK

[Soonerfan62] dinarfaith WILL GO WITH IQD, PERIOD

[19rue] Soonerfan62 Do you believe we will have a reason to celebrate the 4th of July for a reason beyond our independence day?

[Soonerfan62] 19rue WHATS BETTER THAN INDEPENDENCE

[Soonerfan62] blueblaze1962 Jorel INDEPENDENCE TO ME IS WORKING BECAUSE YOU WANT TO NOT BECAUSE YOU HAVE TOO, I WILL ALWAYS WORK BECAUSE I LOVE TO

[Serendipity] Soonerfan62 Did you see Vic1's post in OOM or on Dinar Recaps? What did you think?

[Soonerfan62] Serendipity YES I DID AND CONSIDER VIC1 A FRIEND AND LOVE HIM

BigDaddyTIm] footforward Then why do we have to hear all the hooplah about planes landing, talking to ground control, clearing runways........

[footforward] BigDaddyTIm because thats the way some people share it without being too direct. not all things appeal to all people. so no matter what we say or do someone isnt going to be happy

19rue] Soonerfan62 Have you had new intel or news today that gives you more hope for this weekend?

[1biz4u] footforward is there any chance we might see this tonight?

[footforward] bookings hey :) . 1biz4u can go any time. always a chance every night

[BigDaddyTIm] 1biz4u There's always a chance!

[Soonerfan62] GUYS THAT WAS OKIE, HE SENDS HIS LOVE TO EVERYONE AT INTEL4U AND SAYS HANG IN THERE, WE ARE ALMOST DONE

[keiji] Soonerfan62 is Okie connected to a solid, reliable source?

[Soonerfan62] keiji YOU'RE KIDDING RIGHT

[GrannieAnnie] keiji YES he is

[honeybelle] Soonerfan62 you know rate?

[honeybelle] Soonerfan62 will you come and tell us?

[ram1] Soonerfan62 Are rates still strong?

[Soonerfan62] ram1 STRONG ENOUGH FOR ME

[ram1] Soonerfan62 double digit strong for the IQD?

[Soonerfan62] ram1 WHAT HAVE I ALWAYS SAID?

[cheeny] Soonerfan62 ..Was that OKIES final message of the night or is he still coming in for a landing....just got here

[Soonerfan62] cheeny WILL BE TALKING TO HIM MANY MORE TIMES TONIGHT

[Soonerfan62] GUYS GOTTA GO, NEED ASOME DOWN TIME TONIGHT, I WILL BE UP LATE AND IF ANYTHING DEVELOPES I WILL CONTACT SQ AND SHE WILL OPEN SITE, OK? LOVE YA GUYS AND HAVE A GREAT EVENING, IT HAS BEEN FUN

[charps84] Soonerfan62 If this thing blows up tonight, just wanted to tell you how much I've appreciated and enjoyed your company.

[Soonerfan62] charps84 TYVM

[barb] Soonerfan62 bye thank you so much

PUNISHER POST, 29 JUNE


6-29-2012 Punisher: This article alludes to a JULY 2012 RV!!! "Central Bank confirms the stability of the dinar in Ramadan. Th CBI said that the currency exchange rate dollar Iraqi currency would settle in Ramadan because Milan world food price low and not high. Central Bank watching foreign exchange rate policies to local currency which refer to foreign currency exchange rate to stabilize local in Ramadan because food in all flag States referred to the decline in prices. The Central Bank could equal dollar dinar but the only reason that Iraq's oil reserves which have an impact on the equality of those currencies. Finance Committee called for in the Iraqi Council of representatives from the Central Bank to reduce foreign currency exchange rate to reduce the prices of goods in the holy month of Ramadan."
Link http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.imn.iq%2Fnews%2Fview.13280%2F

TERRYK CHAT, 29 JUNE

[TERRYK] HEY ROOMIES.
[TERRYK] WHATS SHAKIN.
[TERRYK] IT'S 103 HERE TODAY.
[TERRYK] MY BUTTS ON FIRE.    
[TERRYK] WHOO HOO!
[TERRYK] HEY SIS.
[TERRYK] I THOUGHT I'D SHARE THAT WAYNOIAM.
[TERRYK] HEY BARB.
[ckelly2291] or amiga? 
[TERRYK] WHATS WITH THIS AMIGO STUFF.
[ckelly2291] friend in spanish.    
[TERRYK] ARE YOU SPANISH.
[TERRYK] I WAS JUST WONDERING. THE LAST AMIGO I HAD STILL OWES ME 10,000 DINAR.
[TERRYK] SO IF YOU WANTED TO BE MY NEW AMIGO YOU CAN JUST PAY ME WHAT THAT LAST AMIGO DID NOT.
[TERRYK] RIGHT STUD?
[TERRYK] OK HERE IS THE JUICE I GOT TODAY,
[TERRYK] AND THEN I GOTTA RUN.
[TERRYK] FIRST, 
[TERRYK] I HEAR THE DINAR HAS A VERY 
[TERRYK] VERY STRONG CHANCE TONIGHT. 
[TERRYK] IF THE DINAR DOES NOT GO,  
[TERRYK] CHINA IS GOING TO PUSH FOR THE DONG
[TERRYK] TO POP TONIGHT.
[TERRYK] THAT'S THE LATEST SCOOP I GOT THIS MORNING
[TERRYK] NOW I WILL SAY THIS.
[TERRYK] THERE IS SOMEONE IN THIS ROOM THAT HAS HEARD THE VERY SAME THING.
[TERRYK] BUT I'M NOT TELLING YOU WHO.
[TERRYK] SO THATS TWO DIFFERENT SOURCES I HEARD THAT FROM TODAY.
[TERRYK] SO WE SHALL SEE.
[TERRYK] OH,
[TERRYK] AND ONE OTHER THING.
[TERRYK] IF YOU'RE GONG TO GET SOME DONG VISIT OUR GUYS AT DINAR BANKER AND DINAR INC,
[TERRYK] THEY HAVE IT IN STOCK.
[TERRYK] AND THEY DO LAY A WAYS AS WELL
[TERRYK] I KNOW I JUST GOT MORE YESTERDAY.
[TERRYK] GO FIGURE.

BGG CHAT UPDATE, 29 JUNE


[BGG] flowerlady - I talked to Poppy just a little while ago.

[BGG] He hasn't heard anything new (as of a couple of hours ago).

[BGG] However, a bud of Poppy3's - who I've met thru luncheons had a broker contact him out of New York thinking they were watching the Dinar through the weekend.

[BGG] Not my info - as relayed to me from Poppy.

[BGG] Also I spoke with a couple of other contacts saying much the same...

[BGG] I don't have an extraordinary amount of confidence in this vein of thinking - you all know what I think would have to be happening for that to be legit.
BGG] Poppy did say he might come on a call for a bit tomorrow nite.

[Sugar Pie] does that mean we are having a call tomorrow night?

[Sugar Pie] sounds good to me

[BGG] Sugar Pie - that's pretty much what that means.

basejmpr99] Post RV call??  

[BGG] Don't know how confident I am - but I sure didn't want to be left out of that party.  

[repairman] BGG I wish something would break this drought

[BGG] repairman - you and me both partner.

BGG] Though I am POSITIVE the Bank packages (you hear about on the web) are completely full of BS - a very good contact told me today that his Wells Fargo wealth team offered to come out and take care of his local group - one on one (that was just yesterday)....

[BGG] Which is just one more reason I'm convinced you don't need a "special code" - they will come out and meet you - when the time comes.

makndan2] BGG    i read today that the euro rose in value today and they had a great day in stocks because of it. does this have anything to do with our investment in the dinar?

[BGG] makndan2 - doubt it.

[BGG] JMHo.