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DINARESGURUS.BLOGSPOT.COM_________________

Wednesday, September 5, 2012

RAY POST, 5 SEPT

9-5-2012 Ray : Since Steve is still in the middle of the ocean, I am making this post today. I know a lot of you were disappointed when September 1 came and went with no RV. I was too. I was able to get in touch with some of my contacts today and have the following information for you. Shabibi had a press conference and explained to all the people what happened. When the banks went to open the boxes to get the new dinar out and get ready to start exchanging for the old dinar, they discovered a printing error. The printer used the wrong art work and printed the currency without the kurdish language on the currency. The kurdish government came unglued when this was discovered. It only had English and Arabic on it and not the Kurdish language too. Shabibi tried to convince the Kurds to go ahead with this currency anyhow due to the cost of printing it and the cost of all the advertising that had been done already. They refused.

 Shabibi is now having a printing company in Germany and one in London reprint all the currency with the kurdish language on it too. All the banks in Iraq that have the misprinted dinar are in the process of destroying it now. Shabibi is meeting with Maliki, the finance committee of Parliament and Parliament early next week to discuss the RV. He told the media that an announcement will be made on TV September 15, giving the new date of the RV. He will then be leaving for the big financial conference in London on September 18 & 19. Also, after that meeting, Saleh will be meeting with the IMF in London and giving them the new RV rate.

 Also, I was able to get an update on Talabani. He was scheduled to meet with Maliki in Baghdad on September 2. His health got bad and he flew back to Germany and is in the hospital again. He said he is going to try and come back to Iraq either September 10th or the 11th and meet with Maliki then and set a time for the National Conference.  His doctors are warning 12:50 PM [Angel] His doctors are warning against it. We will have to wait and see. I don't believe this will affect the RV either way. I hope this encourages everyone to hold on a little longer. Shabibi is still working on this and it will be done. We will know for sure on September 15. My contacts will be watching for this announcement and will let me know right away. Until then, stay calm and know that God is in control. Blessings, Ray

LORIC, SSO SCOOBY, CGMOM POST, 5 SEPT

9-5-2012 LoriC: There are a lot of rumors out there right now but not too many that I believe.  I think we're still waiting for the National Meeting and Talbani to recover. I think the US delegation will arrive as soon as he does also.  I'm concerned that his health may be worse than they are letting on but he's still supposed to return soon.  I think as soon as he does things will turn in our favor very quickly. The GOI is working on the HCL draft and nominating the Defense Ministers so they will be in a good position once the President returns. It's taking longer than we want but I think we should be very hopeful about a resolution soon!!

9-5-2012 SSO_Scooby: If folks are trying to put this rv/ri with our elections, people need to step away from the cyber edge. The UN has to vote on those last things in Chapter 7 for Iraq/Kuwait posted in this forum yesterday. Iraq and Kuwait have been talking, trying to come to different agreements on their outstanding issues. But trying to connect this rv/ri to our election, have not seen any proof. If someone has something to connect the two, show me please. And there will be Kurdish language on this new currency, that's a fact.

9-5-2012 Cgmom70: Looking at the articles there are things that need done. Most say out of Iraq's hands or in the banks. If it was we wouldn't be on the site right now, we would be enjoying our money. Follow the articles there leading us to the RV imo. I can say for myself I would not hold my breath for the rv tomorrow with what needs done yet. I haven't lost any sleep over the rv in almost 2 years and I'm only on here maybe twice a month if that. Knew would not happen at all in August. In September I've wavered my thoughts. I can say very highly it could happen in September but we will see how the next two weeks play out.  We can only pinpoint a certain time frame but to say now, tomorrow or by 5pm, that is crazy.

MILLIONDAY CHAT, 5 SEPT


Millionday RobinRedHed and Fresh Wednesday Round Table Chat: 

** Be sure to join our daily chats at 6:30 PM EST and our Round Table Chats every Monday, Wednesday and Friday at 1PM EST at PeopleInvested.com **

[millionday] Transfer the Kuwaiti ambassador to Iraq Ali insured greetings of the Emir of Kuwait and the Crown Prince and Prime Minister to President Jalal Talabani, wishing him back safe and sound from a treatment trip. This came during a meeting with President of the Presidium of the Republic Naseer al-Ani, the official office of the Kuwaiti ambassador and his entourage. The presidential statement said on Tuesday: that the two sides discussed the prospects of Iraqi-Kuwaiti relations and ways of developing and escalating rates of resolving the outstanding issues between the two countries.

[millionday] The statement added: that Issawi praised the role of the Kuwaiti ambassador to strengthen relations between the two brotherly peoples, pointing out: that the two countries along to each and linked by connections clan and family rooted, stressing: that the Iraqi people aspire to remove all obstacles that stand in the back and ties the relationship between the two peoples.

[millionday] so this is the meeting to end the kuwait issue 
[millionday] A statement by the Presidency on Tuesday: that Abdul-Mahdi expressed his pleasure successfully surgery for knee President Talabani, as well as the success of this therapy, which is nearing its end, wishing back auspicious to the president to start a new phase of direct efforts and national, in order to unite and bring the views consider and resolve issues of concern to the present and the future of the political process and democracy in the country. The statement added that he was during the meeting, which was attended by Fred Yassin Iraq's ambassador Previous in France, discussed the overall situation of public and efforts to address controversial issues, where he stressed President Talabani on the need to be responsible national and put the supreme interests of the Iraqi people at the forefront of priorities

[millionday] in other words he needs to go home
[millionday] i agree

[millionday] The Iraqi National Alliance discussed, during its regular meeting yesterday evening under the chairmanship of Dr. Ibrahim al-Jaafari, the political developments in the country, and evaluate the atmosphere of the openness and calm committed by all parties, which gave the reform project way to move in a steady pace. A statement by Jaafari's office said: "the importance of working to unify positions towards the laws proposed in the House of Representatives was emphasized and speeding up to legislate them due to its necessity to complete building constitutional institutions

[millionday] The Alliance stressed "the need to strengthen the national security, and resolute response to terrorism by supporting security forces, and work to develop their capacity to reduce the repercussions of regional crises as well as the need to unify the political and the national media speech ". The Alliance, in its meeting said that serving the citizen, and providing the requirements of living are the Alliance's legislative and executive priorities. The political body of the National Alliance decided to form committees to follow the detailed of laws discussed

[millionday] this is good>>. for business too ,, Electricity Ministry announced that "Baghdad is currently Provided with electricity power 12 hours a day. Spokesman for the Ministry said to NINA Today: "The ministry provides provinces, nearly / 12 - 13 / hour of electric power daily except the province of Kirkuk, which provides b / 200 / MW of Kurdistan."/

[allinxpress] millionday Last Tuesday we wree told the HCL and Amnesty laws were a priority to pass in the house. Do you happen to know why they werent passed? Also.. did you see that the House of Reps is off until 9/11?
[millionday] the hcl is refered to a committee that is working on writing the finsihed law and the amnesty was on the table to be passed and some of them didn t show up so it is to be passed this week

[millionday] The news agencies quoted sources described Palmtalaah saying: "The meeting complements social Erbil, Najaf will be held in the resort of Salahuddin in Kurdistan coming days, "he said, adding that Iyad Allawi contact with Muqtada al-Sadr, and they agreed to hold this meeting in the week, but the lack of access chest to Baghdad for the meeting to the next few days." But Kurdish leader stressed that "quieter surrounds the political arena at a time quo pending the return of President Jalal Talabani mid Sept. and his call for dialogue and the National Conference.

[allinxpress] Iraqi parliament will reconvene Sept 11; Will discuss Chapter VII obligations Posted: September 3, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics Tags: Ba'ath Party, Baath, Chapter VII, Council of Representatives of Iraq, Iraq, Iraqi Revolutionary Command Council, Mahmoud Othman, Republic of Iraq, United Nations Security Council Parliament lifted its 11 September after the vote on the 3 laws and the completion of reading the four draft laws Monday, 03 September / September 2012 17:09 {Baghdad: Euphrates News} House voted at the nineteenth, which was chaired by Qusay al-Suhail, first deputy head of the House of Representatives and in the presence of 199 deputies Monday on three laws and extend the work of the Office of the elections for 15 days while finished reading the first and second of four laws . The Council adjourned its until Tuesday of next week on 11 September the current. At the beginning of the meeting, according to a statement of the Department of Media has postponed the Presidency vote on
[allinxpress] the draft legal Supreme Judicial Council and the Federal Supreme Court , based on the desire of the heads of blocs in order to allow more time to complete the dialogues about them . of his part Qusay al-Suhail said Federal Court Act requires two-thirds and full compatibility between the political blocs, pointing to the critical importance of legal being the differ from the rest of the laws . by another voice Council on a proposal third amendment to the electoral law of provincial and district and respects No. (36) for the year 2008 The report of the Legal Committee for not owning a Central Bureau of Statistics data on population and other necessary information for the preparation of voter registration and elections are held as scheduled .

[allinxpress] Never seen a body of government take so many days off.... what a joke.

[millionday] they are not convened the items on the table are -- til next tuesday while they bring four other laws
[millionday] they are meeting so i know they are not off --
[allinxpress] millionday I disagree

[templejc] Hello All ... Question ... what is you alls perspective regarding the delays (at least that is what I am seeing) in Iraq. It seemed that they were moving - very fast last week - then someone put the brakes on - thanks
[allinxpress] look at what it says: The Council adjourned its until Tuesday of next week on 11 September the current.
[millionday] ok --
[ROBINREDHED] templejc DNC?.....LOL
[millionday] templejc i agree -- i see that maliki has called for the meeting and it looked as though that was it but seems we are waiting on talabani
[NUMBERS] ROBINREDHED lol
[templejc] millionday - do you think it has been delayed since the US sent some peeps over there?

[templejc] perhaps that does not fit into the mix - I just do not know
[millionday] i think the news is minimizing what is going on and they are dealing with kuwait there and chapter 7 and

[templejc] it is like - a 180 degree turn
[templejc] millionday - ok

[millionday] the re seems to be no news of economic movement but last night we found that the national credit system and cards debit/credit are being introduced for inside and outside of iraq
[millionday] so
[tjohnson1400] millionday afternoon, didn't talabani resign?????
[millionday] i think that we are waiting on talabani and the nc if we have to wait
[millionday] no
[ROBINREDHED] millionday i am bewildered but his absence
[millionday] i think they are not telling us the news going on during the us delegates visit
[Dianne777] an article said the other day that they were working to get ch7 lifted by the eoy and then the next next speculation that it would be done in 2-3 days, comments on that?
[millionday] he is to be back nextr week meaning ours
[templejc] millionday - I agree ... I did see that Biden did say that he would go over there to Iraq once T gets back in town. Biden was at the DNC last evening - I kind of wish they would let Iraq just get it done IMO
[cornsnake64] millionday in poker you never show your hand right
[millionday] i think they are working on it right now -- kuwait just arrived today
[templejc] millionday - that is good
[millionday] i agree

[Angel] [MrsBeansandRice] Posted Today, 10:56 AM Good morning everyone. Since Steve is still in the middle of the ocean, I am making this post today. I know a lot of you were disappointed when September 1 came and went with no RV. I was too. I was able to get in touch with some of my contacts today and have the following information for you. Shabibi had a press conference and explained to all the people what happened. When the banks went to open the boxes to get the new dinar out and get ready to start exchanging for the old dinar, they discovered a printing error. The printer used the wrong art work and printed the currency without the kurdish language on the currency. The kurdish government came unglued when this was discovered. It only had english and arabic on it and not the kurdish language too. Shabibi tried to convince the kurds to go ahead with this currency anyhow due to the cost of printing it and the cost of all the advertising that had been done already. They refused. [MrsBeansandRice] Shabibi is now hav

[Angel] Shabibi is now having a printing company in Germany and one in London reprint all the currency with the kurdish language on it too. All the banks in Iraq that have the misprinted dinar are in the process of destroying it now. Shabibi is meeting with Maliki, the finance committee of Parliament and Parliament early next week to discuss the RV. He told the media that an announcement will be made on TV September 15, giving the new date of the RV. He will then be leaving for the big financial conference in London on September 18 & 19. Also, after that meeting, Saleh will be meeting with the IMF in London and giving them the new RV rate. [MrsBeansandRice] Also, I was able to get an update on Talabani. He was scheduled to meet with Maliki in Baghdad on September 2. His health got bad and he flew back to Germany and is in the hospital again. He said he is going to try and come back to Iraq either September 10th or the 11th and meet with Maliki then and set a time for the National Conference. His doctors are warning

[Angel] His doctors are warning against it. We will have to wait and see. I don't believe this will affect the RV either way. I hope this encourages everyone to hold on a little longer. Shabibi is still working on this and it will be done. We will know for sure on September 15. My contacts will be watching for this announcement and will let me know right away. Until then, stay calm and know that God is in control. Blessings, Ray

[Fresh] I brought this into the forums earlier this morning...
[ROBINREDHED] hstrymknwmn but in iraq ...TO iraqis, the exchange rate is irrelevant
[millionday] exactky
[Fresh] Oil up above $116 on stimulus hopes LONDON: Oil prices rose for a fourth day to over $116 per barrel, supported by hopes for further stimulus measures from central banks in the United States and Europe, and a slow production restart in the Gulf of Mexico after Hurricane Isaac. Front-month Brent crude futures were up 64 cents to $116.42 a barrel by 1019 GMT. US crude futures were up 70 cents to $97.17 a barrel from Friday’s settlement. US markets were shut on Monday for the Labor Day holiday. Analysts said the market was in a bullish mood ahead of a European Central Bank (ECB) meeting on Thursday and a two-day gathering of US Federal Reserve policymakers next week. “The main driver at the moment is the expectation around an ECB announcement on Thursday - investors are looking for some indications of more bond buying,” said Filip Petersson, Commodity Strategist at SEB Commodity Research. “They are also looking to see if the US non-farm payrolls on Friday will be bad enough to keep the door open for QE3.”
[hstrymknwmn] ROBINREDHED ok thank you...so really that news would not be world wide...correct?
[Fresh] so that part is "good" they are talking about some changes that may happen that would also happen during say an RV... but then I catch this later in the

[Fresh] ECB President Mario Draghi said on Monday that short-term sovereign bond purchases by the ECB would not breach European Union rules. This has raised expectations that on Thursday he will give details of a new debt-buying scheme to help deeply indebted eurozone members. “We will remain on an upwards price trend running into this ECB meeting on the back of these stimulus hopes, despite weakening fundamentals in the oil market,” said Carsten Fritsch, an energy analyst at Commerzbank in Frankfurt. He said the worsening economic outlook suggests a deterioration in oil demand whilst supplies remain ample. “Last week’s OPEC production survey signalled continued over-supply, Russian crude oil production in August was the highest since the end of the Soviet Union , and Iraq has ramped up oil exports to the highest level in three decades, so there is plenty of oil in the market at the moment,” he said. Fritsch believes oil prices are building up “correction potential” in the event that the central banks do not live up to expectations.
[hstrymknwmn] Fresh ty     

DINAR GURUS UPDATE, 5 SEPT


9-5-2012  Newshound Guru Doc  There are several points of misinformation that need addressed.  First the small notes and coins have NOT been issued.  There is absolutely no reason to until currency reform has been enacted.  Without currency reform the coins wouldn't even buy the paper wrapped around a piece of gum.  Secondly Shabibi's statement concerning the dinar having the highest value in the ME was always in context of his ultimate goal out in the future.  The context of initial rate has always been in the neighborhood of 1 to 1 which is a monumental feat in and of itself.  [Post 1 of 2...stay tuned]

9-5-2012  Newshound Guru Adam Montana    we are dealing with Iraq - King of Delays. They announced months ago that the new currency would be coming out in September - they were ADAMANT about it! Then they started retracting, and throwing out future dates... the question is "Why?"  Were they not ready? Is the HCL too far off? Is there an unseen hurdle to Chapter 7?  I can't answer any of those questions with an affirmative, because in my opinion they ARE ready, the HCL is NOT too far off...articles have been signaling to us that the HCL is nearing completion and has been nearing completion for some time now...and Chapter 7 should be a "rubber stamp" issue - it's ready to be done...so the answer, in my opinion, is simply this: ANY TIME NOW! 

9-5-2012  Intel Guru Ray   I know a lot of you were disappointed when September 1 came and went with no RV. I was too. I was able to get in touch with some of my contacts today and have the following information for you. Shabibi had a press conference and explained to all the people what happened. When the banks went to open the boxes to get the new dinar out and get ready to start exchanging for the old dinar, they discovered a printing error. The printer used the wrong art work and printed the currency without the kurdish language on the currency. The kurdish government came unglued when this was discovered. It only had English and Arabic on it and not the Kurdish language too. Shabibi tried to convince the Kurds to go ahead with this currency anyhow due to the cost of printing it and the cost of all the advertising that had been done already. They refused.  [part 1 of 3....stay tuned]

9-5-2012  Newshound/Intel Guru BGG   Article: "Maliki and Najafi agree to resolve named defense minister as soon as possible"   Najafi and Maliki are drawing close to a solution on the Defense Ministry position – one of the most pivotal issues to this investment.  Maliki thinking he has some control over Najafi is foolishness though – if Maliki keeps on with his antics Najafi will be the first one to pull the trigger. Bank on it.

9-5-2012  Newshound Guru Doc   We sit here pretty much at the same point we've been in for several months.  Yes, there does appear to be continued focus of the key issues like Ebril, HCl, etc.  Published articles continue to highlight this fact.  Simply put what we continue to need is resolution of these issues Hopefully Parliament will act aggressively toward resolution and Maliki will play ball...until then we contend we will continue to look for our holy grail.  


9-5-2012  Boots-on-the-Ground Guru WAR   Here is the information that I received from the bank manager Ali, why the banks were closed unexpectedly. It seems there were some sort of bank software upgrade that was completed on their international banking system. The bank managers name is Ali, which is a common name here in Iraq and in no way shape or form is he related to this individual from Dinar trade who just so happens to have the same name. One last topic; two individuals from Obama administration arrived last night, part of the strategic framework team that you have been expecting and have been reading about. Due to security issues I can not divulge their names at this time.

9-5-2012  Newshound Guru Adam Montana   Well, we're here! It's September 5 and this is the month that they said was going to be the big one!  I've been looking and searching and hunting and I can't find ONE reason why they can't do this now...if they are truly going to POP this RV this month, they aren't going to announce it - it's just going to happen...one thing we know FOR SURE is thatthey need the new currency ready before they can launch an RV. There is NO WAY to make change, perform daily transactions, or maintain normal business if they don't have those lower denoms...so as soon as we see concrete evidence that the lower denoms are circulating...that's when it is happening - not a moment sooner. 

9-5-2012  Newshound Guru Med      I THINK RIGHT NOW, UNLESS I HAVE TOTALLY MISREAD IT ALL, WE ARE GETTING EXTREMELY CLOSE.  

9-5-2012  Newshound/Intel Guru BGG    my honest opinion – I am very optimistic. We’re getting close.

9-5-2012  Intel Guru Footforward    Info is all over the place, misinformation, things are just crazy, even coming out of Iraq.  Biden went to Iraq, not even for a full day...he was not wanted there & turned around and came back.  There are some people there from the U. S., they have not delayed things.  They are expecting something to happen very quickly.  Good news on the Iraq front.  Audits were done in the banks, they closed the banks at the last minute to make sure coins and lower denoms are not missing, they are keeping tight tabs on exactly what they have.  That's why they had this bank holiday in Iraq. The information coming out of the banks on the American side of the pond is very, very, very optomistic, at a level I have never seen before.  They're definitely looking for something to happen right away.  I still expect the rate to be good, I expect it to be in the double digits.  As far as a date, I expect something right away, as early as this week.  Everything that needs to be in motion is in motion.  I can't find any source that tells me this will be delayed. 

BGG, RAY & TRINITY POST, 5 SEPT


9-5-2012 BGG: Article: "Maliki and Najafi agree to resolve named defense minister as soon as possible" Najafi and Maliki are drawing close to a solution on the Defense Ministry position – one of the most pivotal issues to this investment. Maliki thinking he has some control over Najafi is foolishness though – if Maliki keeps on with his antics Najafi will be the first one to pull the trigger. Bank on it.

9-5-2012 Ray (Part 1): Since Steve is still in the middle of the ocean, I am making this post today. I know a lot of you were disappointed when September 1 came and went with no RV. I was too. I was able to get in touch with some of my contacts today and have the following information for you. Shabibi had a press conference and explained to all the people what happened. When the banks went to open the boxes to get the new dinar out and get ready to start exchanging for the old dinar, they discovered a printing error. The printer used the wrong art work and printed the currency without the kurdish language on the currency. The kurdish government came unglued when this was discovered. It only had English and Arabic on it and not the Kurdish language too. Shabibi tried to convince the Kurds to go ahead with this currency anyhow due to the cost of printing it and the cost of all the advertising that had been done already. They refused.


9-5-2012 Ray (Part 2): Shabibi is now having a printing company in Germany and one in London reprint all the currency with the kurdish language on it too. All the banks in Iraq that have the misprinted dinar are in the process of destroying it now. Shabibi is meeting with Maliki, the finance committee of Parliament and Parliament early next week to discuss the RV. He told the media that an announcement will be made on TV September 15, giving the new date of the RV. He will then be leaving for the big financial conference in London on September 18 & 19. Also, after that meeting, Saleh will be meeting with the IMF in London and giving them the new RV rate. 


9-5-2012 Ray (Part 3): Also, I was able to get an update on Talabani. He was scheduled to meet with Maliki in Baghdad on September 2. His health got bad and he flew back to Germany and is in the hospital again. He said he is going to try and come back to Iraq either September 10th or the 11th and meet with Maliki then and set a time for the National Conference.  His doctors are warning 12:50 PM [Angel] His doctors are warning against it. We will have to wait and see. I don't believe this will affect the RV either way. I hope this encourages everyone to hold on a little longer. Shabibi is still working on this and it will be done. We will know for sure on September 15. My contacts will be watching for this announcement and will let me know right away. Until then, stay calm and know that God is in control. Blessings, Ray 


9-5-2012 TrinityeXchange: "Preparations for a meeting to pass the HCL." The United States and international community have moved in to hold Iraq's feet to the fire. They must perform what they promised to do according to the SFA. Passing the oil and gas law is not an option whimsically decided. According to contractual agreement, they will implement this law. We patiently wait.



Breitlings Wed Report , 5 sept

WAR, ADAM MONTANA, DOC, RAYZUR, EASYRIDER & FOOTFORWARD POST, 5 SEPT

9-5-2012  Boots-on-the-Ground Guru WAR   Here is the information that I received from the bank manager Ali, why the banks were closed unexpectedly. It seems there were some sort of bank software upgrade that was completed on their international banking system. The bank managers name is Ali, which is a common name here in Iraq and in no way shape or form is he related to this individual from Dinar trade who just so happens to have the same name. One last topic; two individuals from Obama administration arrived last night, part of the strategic framework team that you have been expecting and have been reading about. Due to security issues I can not divulge their names at this time.

9-5-2012  Newshound Guru Adam Montana   Well, we're here! It's September 5 and this is the month that they said was going to be the big one!  I've been looking and searching and hunting and I can't find ONE reason why they can't do this now...if they are truly going to POP this RV this month, they aren't going to announce it - it's just going to happen...one thing we know FOR SURE is that they need the new currency ready before they can launch an RV. There is NO WAY to make change, perform daily transactions, or maintain normal business if they don't have those lower denoms...so as soon as we see concrete evidence that the lower denoms are circulating...that's when it is happening - not a moment sooner.

9-5-2012  Newshound Guru Doc   We sit here pretty much at the same point we've been in for several months.  Yes, there does appear to be continued focus of the key issues like Ebril, HCl, etc.  Published articles continue to highlight this fact.  Simply put what we continue to need is resolution of these issues.  Hopefully Parliament will act aggressively toward resolution and Maliki will play ball...until then we contend we will continue to look for our holy grail.


9-5-2012 Rayzur:
Has it been reported yet that Athye will likely succeed Talabani, because Talabani is still in very poor heatlh with status that is not good? I know there are a couple of groups "waiting" for Talabani to get back so he can start up the National Meeting. Along with a couple other groups out there who feel this meeting is a vital precursor to the RV/RD/RB/RI. For those waiting for his return, it may be helpful to adjust your timepiece to include succession by Athye into the timeline of this process unfolding. And on other fronts, did anyone else catch that the Kurds are now thinking they would like a 24% share of profit instead of that pesky 17% that was mentioned in the Erbil agreement? It's not at all clear that this is or is not a show stopper, however it would appear that the longer they dink around with Erbil, the friskier the pens get in rewriting the terms. Seems they too want to play at revisionistic history. And that's my rumors for the day, as we all sit back and together watch what version of reality will unfold today.


9-5-2012 Easyrider: They (CBI) have also alluded to coming out at a stage rate and the dinar gradually increasing a stage rate would most likely make sense to come out at around .86 and let the markets drive it up to above or at par with the U.S dollar. A RD at 1:1000 dinar would not make much sense what does that do for the people? once the people know they have value around the dollar it will drive the dinar up quick because they will start using the dinar instead of the dollar. Thats the ultimate goal for the CBI to get the citizens trusting the banks and use their own currency also like Kaperoni said on his CC the gold coins are assurance that if the citizens are reluctant on using the banks right away and putting their money with them they can exchange their dinar for gold coins that way they have real value not just in paper but gold as well.

9-5-2012  Intel Guru Footforward    Info is all over the place, misinformation, things are just crazy, even coming out of Iraq.  Biden went to Iraq, not even for a full day...he was not wanted there & turned around and came back.  There are some people there from the U. S., they have not delayed things.  They are expecting something to happen very quickly.  Good news on the Iraq front.  Audits were done in the banks, they closed the banks at the last minute to make sure coins and lower denoms are not missing, they are keeping tight tabs on exactly what they have.  That's why they had this bank holiday in Iraq. The information coming out of the banks on the American side of the pond is very, very, very optomistic, at a level I have never seen before.  They're definitely looking for something to happen right away.  I still expect the rate to be good, I expect it to be in the double digits.  As far as a date, I expect something right away, as early as this week.  Everything that needs to be in motion is in motion.  I can't find any source that tells me this will be delayed. 

MED CHAT, 5 SEPT


Med (6:58 AM)    YOU KNOW I WAS MULLING OVER THE MANY ARTICLES YESTERDAY   AND THEN WAS THINKING ABOUT THEM ALL NIGHT   EVEN THOUGH   NONE OF THOSE IN THE ARTICLES   I EVER HEARD OF   THE MAJOR THING THAT TO ME   I LIKED WAS THE FINAL SAY   IS WITH CBI

    38cabo: im with your thinking ... until i hear shabbs say something different im going with what he said

    Med:    I JUST CANT IMAGINE CAN YOU EIMK    THAT HE WENT FOR 7 PLUS YRS    AND THEN WOULD JUST GIVE IN    AND SAY    AH HECK    MALIKI AND HIS VILLAGE ******* ARE RIGHT

    GOP: Not likely
    Med: NO I AGREE GOP
       38cabo: the only way is if shabbs is smoking crack with the imf guys

    Med:   YUP    AND I KIND OF WISH SOME WOULD PAY A BIT MORE ATTENTION

    38cabo: giving maliki monetary control

    Med:    LIKE WHEN I SAID THAT THE RHETORIC    AND ATTACKS WOULD INCREASE    AGAINST CBI    AND SHABIBI    TO DISCREDIT HIM    ONE THING    AND JUST FOR MY OWN CURIOUSITY    EVEN THOUGH I AM USUALLY NOT    WHY    JUST WHY    IS THE NA SO AGAINST IT    WILL THEY GET CAUGHT MONEY LAUNDERING   HERE IS ONE POINT    I ALSO WANT TO MAKE

    GOP: lol

    Med:    WITH THE INCREASED BS IN THE MEDIA    THAT THEY CANT GET IT IN THE BUDGET    BLAH BLAH BLAH    WAS THIS JUST A PLOY    TO MAKE POTENTIAL    CONTERFIETERS AND SMUGGLERS    HESITATE

    cdjsilver51: hmmmmm

    Med:    THINKING THEY HAVE MORE TIME    AND THEN WHAM    THERE IT IS

    GOP: could be

    Med:    THE REASONS THAT HAVE BEEN ARGUED OUT BY THE NA    JUST DONT MAKE SENSE'    THEN THEY NOW IF YOU HAVE NOTICED    HAVE IMPLIED THAT DINAR THAT IS OUT NOW

    38cabo: the people of iraq have ti choose a side ... be a puppet of iran or stand up and prosper

    Med:    THEY SURE DO    OK BACK TO THE DINAR    IN RECENT ARTICLES BY THE NA    THEY HAVE IMPLIED THAT SOME MAY BE COUNTERFEIT    OR SMUGGLED    OR STOLEN    PERSONALLY    I THINK THEY ARE FULL OF ****

    GOP: I think the NA has not figured out yet, how to turn in all their stolen dinar..

    Med:    THERE IT IS    TY GOP    WAS WAITING FOR THAT    SADLY

    GOP: YW lol

    Med: I THINK IT IS THAT SIMPLE

    38cabo: great theory

    Med:   I AM LIKE HOW LONG IS IT GONNA TAKE   OR SOMEONE TO BITE   THERE IS SO MUCH   SO MANY PEOPLE GIVING THEIR SPIN IN IRAQ    ALL SINGLES    NO GROUP    NOTHING OFFICIAL    THEN YOU ARE LIKE     WHO DO YOU BELIEVE    THEN YOU HAVE YOUR MEDIA SOURCES    SAME THEIR    OK I HAVE TO GET SOME FRESH AIR    AND STRETCH    BBL    TY    MED OUT

    (thank you's)

    Med:  YW  ONE MORE THING  I THINK RIGHT NOW  UNLESS I HAVE TOTALLY MISREAD IT ALL  WE ARE GETTING EXTREMELY CLOSE   LATER

Economic commission to address activating ATM project and the sale of gold coins to the public through banks to support currency, 5 sept


Economic commission to address activating ATM project and the sale of gold coins to the public through banks to support currency

Expert: sell gold coins through the central bank will raise the value of the dinar .. Parliamentary Economic Commission seeks to activate ATM project
The head of the Economic Commission parliamentary Ahmed al-Alwani, said that his committee will address the relevant authorities in order to activate the project ATMs in the country.
Added Alwani (of the Agency news) on Tuesday: that this project, which was scheduled to work it for years in order to facilitate the receipt of financial dues to the citizen stopped for several reasons related to the reality of Iraq.
And stated: that the committee plans to address those responsible for activating the work to achieve the aspirations of the building developed banking sector, surprising «the absence of support experience previously.
The Alwani: that this experience worthwhile and was supposed support to keep up with developments experienced by the world, calling for benefiting from the experiences of other countries in this aspect ».
The ATM atm is one of the basics of modernity in the banking sector, and was scheduled to be circulated in Iraq since year 2008.
Elsewhere confirmed an economic expert Akram Abdel Aziz, that the central bank the idea of selling gold coins in the banks on the citizens will raise the value of the Iraqi dinar against the U.S. dollar.
said Abdul Aziz (of the Agency news) on Tuesday: The sale of gold coins from through the Central Bank and Iraqi banks will contribute to raise the value of the Iraqi dinar against the U.S. dollar by pulling dinar from citizens who agree to buy gold and lack Showing dinar in the Iraqi market that contributes to increasing the demand on the dinar and tight supply.
added: Iraq, according to statistics the central bank has rate up to (30) trillion Iraqi dinars block cash surplus led to increased supply and reduced demand and the depreciation of the Iraqi dinar against the U.S. dollar, indicating that the index liquidity money supply in Iraqi banks exceeded (51%) did not find their way to employ paid pressing toward raising the prices of goods and creating a state of inflation in the market economic Iraqi.
explained: The sale of gold coins will help to absorb inflation and the devaluation of the U.S. dollar against the Iraqi dinar and reduces pressure on the price of goods in the Iraqi market.
On the other hand confirmed the decision of the Economic Commission MP / coalition Kurdish blocs / Mahma Khalil, that all Customs Conventions concluded with Iran or others will not do any good for Iraq because of the enactment of the tariff in the country, indicating Thus agreements do not serve the national economy, but merely doors propaganda than to be a professional.
Iraq had signed a memorandum of understanding Customs joint venture with Iran in the Conference of the Non-Aligned which was held in Tehran with the participation of Iraq. Khelil said (of the Agency news) on Tuesday: The Federal Government refuses to work tariff, which was enacted in the House of Representatives in (2010), stressing there is a desire and serious by the Iraqi government not to deal Law tariff new and stay to work on the old law applicable since (1955).
added: that the memorandum of understanding customs agreement with the Iranian side will not serve the national economy as long as the Tariff Act New not implemented so far, stressing can not continue Work old laws because each time period different from that preceded every circumstance needs to appropriate laws him.
pointed to: that the national economy today differed greatly from what it was in the past or since the introduction of the Tariff Act Year (1955), pointing out that trade both with Iran, Turkey or Jordan increased significantly from the previous requires the application of the Tariff Act to protect the domestic product, is not possible for a country like that Iraq has the second largest economy in the region to no tariff law.
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