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DINARESGURUS.BLOGSPOT.COM_________________

Tuesday, November 20, 2012

BETWEEN POSITIVE AND LOOTING IN THE APPLICATION, 21 NOV


Between positive and looting in the application!!

Raised the issue of deletion of zeros from numbers the Iraqi currency, a package of questions we have, we those who important Cabrna fact we do not know about economic phenomena even those affecting our daily lives, is that part simplex of the iceberg huge floating in bushing water thicket المتلاطم, and man, of course, enemy Majhl, so Adding puzzled citizen conflicting opinions between قادح and مادح, Atqazv two firing pin and the ball المادح between them amid uncertainties that damage to the ordinary citizen and المشوبة concerned about his future, waiting to take his hand out of the woods knowledge.
We entered this battle to illustrate the idea of ​​the deletion of zeros from the Iraqi currency figures through investigation the following ..
Achieve: Hussain Quraishi
Mohammed Jabbar 40 years working Ttara, suffer from the lack of small denominations in our daily interactions with people, such as a class (twenty five dinars) or category (Fifty dinars). Take, for example a simple tray Alchkat b (two hundred and fifty dinars) and contain this enclosure (ten cans) citizen may tubeless to this number of Alchkat but will be forced to acquisition this number of Alchkat because he does not have the cash denominations smaller than with the two hundred and fifty dinars. I watered you a simple example Alchkat, and there are a lot of materials that are sold (quarter حاجتين's) and possibly (four needs for more than a quarter). The truth is, I do not know more than that which is in the hands of Iraq's economic relations with other countries.
Asmaa Mohammed Hamid (42-year-old housewife) expressed puzzled over this issue by saying: I do not know how it can make such a thing at a time are linked by a network of (deliberations Economic كالديون and advances) How will fulfill them to people I do not know!!!
For information on the implications of this case on the market, both remained zeros or not, Haorna a number of economists and specialists:
Press competent in economic affairs Laith Mohammed Reza يشيرالى there two among economists on this topic, Some enthusiastic project to delete the zeros and is based on a number of arguments indicating it would limit the size of the money supply and facilitate the process of trading in the currency which would reflect positively on the overall the national economy, in addition to side media, which raises the value of the Iraqi currency Simia he would express face new Iraqi, and the other direction reduces the importance of this action and hinted that this measure formality or in other words is a change in the label only and does not have any negative impact on trading or even the value of the currency, and the operation will be limited to only the opinion of those on the deletion of zeros and change the names of currencies. The opinion of Dr. Majid picture expert in the Iraqi Central Bank, which between that there a number of reasons called the competent authorities to taking this decision, including: the existence of a number of zeros to numbers Iraqi currency seems illogical, but a loss in many cases, the large number of confusion that gets discouraging currency trading, as well as continuing high inflation rate of Iraqi criticism, it is necessary to delete the three zeros for rational numbers and trading dinars healthy easy.
Purely accounting process
And shows the picture that in the case of the ratification of the decision Vsaakb issuing Coins small of the Iraqi dinar, such as class 250 fils / 100 fils / 50 fils and others, thus changing unit dealing in Iraqi dinars, as will numbers very low, Valtrliun becomes billion, and a billion have million and one million ( 1000) dinars, and a thousand dinars become one Dinar, and thus, the process accounting purely and reap economic benefits including: increased market confidence in the Iraqi dinar and the ease with which are traded and which is still wrought verbally when many of those who shorten the process of buying and selling a thousand dinars and say dinars, or half a dinar Thus, as well as that this process leads to the possibility of drawing a fixed pricing policy for public and private sector, and it can help to reduce inflation of the Iraqi currency. Complements the picture by saying: in the case of complete study decision to raise zeros and forwarded to the authorities vested in the approval is issued a new currency high specification is tamper-proof and traded in Iraqi banks for a long period of up to two years, so do not have a confusion in the market, and this is absorbed existing currency gradually and replaced by new, clearer picture: that the operation does not harm them on one, whether they are depositors at banks or outside, currency should the new equal value existing currency, for example, currency twenty-five thousand dinars equal currency twenty-five dinars new currency thousand dinars current equal to the dinar New, as well as the U.S. dollar exchange rate which is equal to the current currency thousand one hundred and seventy dinars price on the new currency dinars and one hundred and seventy fils only.
Deal verbally dinars per
Through a questionnaire to a sample of citizens shows that the majority is eager to return dinars yesterday, especially those who lived glory and golden era when he was worth more than three dollars, and which confirms that the survival of dealing verbally dinars per Although smaller currencies in the current dealings (250) dinars as between Dr. Suri , and that the experience of the project to delete zeros does not cause any harm to anyone. Parasitism due zeroes on the Iraqi dinar to the days of hyper-inflation, which came on the value of the national currency as a result of previous wars and the subsequent international sanctions destroyed the Iraqi economy and Iraq Currency referred to as paper presses of the former regime were issued in huge quantities without a lid.
But the relative stability of the national currency and the return link Iraq to the global economy and provide a reserve of foreign exchange thanks to oil exports, all encouraged the central bank to consider the deletion of zeros, but Advisor to the Governor Central Bank the appearance of Mohammed Saleh describe the system of cash payments current system miserable as the largest denomination in which no more than twenty dollars worth of pointing out that this provision on the installation of the Iraqi currency issued by the central bank after a five-year study. Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge cautioned his part to bumps facing changing the currency and delete the zeros including the risk of fraud and increase the demand for goods for fictitious reasons resulting from the payment of dinars instead of a thousand dinars, as now. But adviser Central Bank Governor appearance of Mohammed Saleh criticized this fear of fraud rings, calling it look bleak reminder that other countries proceeded to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil without being its economy to shocks and therefore Iraq not engaged in water unknown or walking in by no one يطرقه of before.
Persuade the central bank to wait
Advisor to the Prime Minister for Economic Affairs pointed to the high costs of reprinting new currency, stressing that attempts will be made to persuade the central bank to wait in his plans in this regard. But adviser central bank governor said: that the currency exchange and the deletion of zeros decision taken by the executive and approved by the legislature and that the project will not be implemented hastily, but will be taken a number of factors into consideration before you start to implement it, including the date of the financial year and the strength of the national economy among other indicators. The appearance of Mohammed Saleh expressed optimism about the prospects for the development of the Iraqi economy, stressing that the reform of the currency system is strongly linked economy and that the goal of such a move is to restore the Iraqi dinar to its former strength. The keeping conclusion with economic analyst Bassem Jamil Antoine, who believes that the switch Iraqi currency to hold inevitable calling fulfilled the necessary conditions for the implementation of the process, particularly the security and political stability, noting that over time until the mid-eighties was the Iraqi dinar equivalent of more than three dollars U.S.. Antoine hinted that raising three zeros will lead to an exchange rate of one dollar per dinar.
http://www.beladitoday.com/?iraq=%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A5%D9%8A%D8%AC%D8%A7%D8%A8%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%B3%D9%84%D8%A8-%D9%81%D9%8A-%D8%A7%D9%84%D8%AA%D8%B7%D8%A8%D9%8A%D9%82!!&aa=news&id22=21806

DISCUSSION OF DELETE ZEROS ARTICLE, 20 NOV


TLAR:  I see this as a very pro RV article.  As far as 1000 dinars now being equal to one dinar after the change, I don't see any confict.  This is not a lop.  Dr. Bakri was hired by the CBI to educate . ( More TLAR comments below)

Delete the zeros .. Between positive and looting in the application!!
Raised the issue of deletion of zeros from numbers the Iraqi currency, a package of questions we have, we those who important Cabrna fact we do not know about economic phenomena even those affecting our daily lives,

is that part simplex of the iceberg huge floating in bushing water thicket , and man, of course, enemy Majhl, so Adding puzzled citizen conflicting opinions between and  Atqazv two firing pin and the ball between them amid uncertainties that damage to the ordinary citizen and  concerned about his future, waiting to take his hand out of the woods knowledge.

We entered this battle to illustrate the idea of ​​the deletion of zeros from the Iraqi currency figures through investigation the following ..  (snippet  here  full article & link below)

SADIE:  Thanks Kap,...Float or not , I love that last sentence.   1. to 1.
JOEG:  lots of nice words, but where's the GOI's commitment?  I'm trying to no longer get excited over these kinds of articles.  They're nice to see, but....  Instead, I'll try to save my excitement for when people close to Maliki all begin singing the same tune about the plan being implemented. 

I've gotten excited and done the chicken dance too many times only to be knocked back to reality.  No more chicken dancing until I see multiple Maliki puppets all singing the same tune about how great "delete 3 zeroes" is.  Who is Antoine? 

An econimic analyst for whom?  That's like saying, "economic analyst joeg says it's a good idea." 

Last paragraph still talks about delays for various reasons including the time of the year and the economic strength.  A key question is, how do the Iraqis measure their poltical and economic stability/strength?  Their idea of stability/strength may be entirely different than mine.  For example, according to my measuring stick, I'd say we're 20 years from an RV/float, but their measuring stick may say they're stability/strength are just fine.

 I think a key is, if it doesn't RV/float by early Jan13, then we're in for more long and agonizing waiting, like another year at least.  Just my opinion.  Ho hum (sigh).

BREEZIN:  This sounds like a LOP article in the paragraph entitled "Purely accounting process".  We of course do not believe that was Shabibi's original plan.  I am hopeful that the no-confidence vote will get Maliki out of the GOI and pave the way for Shabibi coming back to the CBI.

Hence until that happens or at least something more positive ... I think delays are a actually a good thing.  JMHO

SCALP:  Pressure back on...as shabby himself said....new currency needs to come out at the start of a year not during it, im scared because like joeg i think were looking at 1/1/13 or 1/1/14 :( If shabby thinks its too much work and messes everything up putting out currency during a year then we have no hope of these other clowns being able to do it, they took the best man for the job out and his advice was that it needs to go down at the start of a year...........time is against us. Until shabby gate happened I was 90% sure we would have seen a new rate by now or using 1/1/13 as a back wall. Now for float end of year for straight rv. pressure pressure prssure.

Joeg how it is in Iraq by thier standards they are pretty stable. These guys will not discuss something unless there can be a big argument and falling out over it...its how they do things, they love a good fight and if they are not fighting it isnt important.

I have a few freinds in Iraq working and one said just recently business are opening all the time, its booming over their and my other freind said all the problems lie with the goi, they cant even issue visas without flucking it up.

I truly believe this is the best you will get it in Iraq, there will always be violence and there will always be massive fighting between the political groups, its just how they rock & roll

CHEEVO:  they can say 1 to 1 all they want but what are they gonna offer for the EXCHANGE of old dinar for New dinar !!! let's hope they honor our 3 zero dinar at 1 to 1 !!!!

KAPERONI:  Cheevo, we have some pretty compelling documentation that support that Iraq will honor the dinar at it's face or printed value at whatever the foreign exchange rate may be.   You reference to old dinar vs. new dinar makes no sense.  It is just one dinar (NID).

CHEEVO:  Kap i was referring to our 3 zero notes we hold now to the newly printed low denoms that are going to be introduced next year...(supposably)....the exchange ratio between them.

BYE THE SEA:  Cheevo, here goes my feeble attempt to explain what Kap had said. The old and new are the same, lower denons or not......Any type of new currecny would call for a new currency code such and NID, ie New Iraqi Dinar. There isn't one.

Therefore, as they did with Saddam, Iraq honored all of the old notes at face value, so we should expect the same if we had to cash them in. For now, all we really want is the value of the exchange rate to rise, and we can change them to Dollars.

 Of course, if you want to exchange them for Lower denons, then you could do so, and as of today, expect to get an even exchange for your transaction. Hope this helps......

CHEEVO:  i think i understand now...thanks bye the sea and kap.....i knew nothing about the currency code situation...

TLAR:  Joeg,  the last paragraph of this article seems to imply that both the legislature and the executive branch are on board.  The statement is from the present advisor to the govenor of the bank, Saleh.  The statement reads as follows"

" But adviser central bank governor said: that the currency exchange and the deletion of zeros decision taken by the executive and approved by the legislature and that the project will not be implemented hastily"

 I see this as a very pro RV article.  As far as 1000 dinars now being equal to one dinar after the change, I don't see any confict.  This is not a lop.  Dr. Bakri was hired by the CBI to educate . 

He said it this way.  "It takes 1000 dinars to buy a coke at present.  When the zeros are dropped it will take just one dinar to buy the same coke.  The 1000 dinar note under the new system will then buy 1000 cokes."  Everytime they discussed printing the new notes, they excluded the 1000 note.  In other words there is no plan to print a new 1000 note yet Shabibi has said the 1000 note will be the highest note still in circulation.

 His target was the 5,10 and 25000 dinar notes to collect.  I find that very telling.  The 1000 will still be used but not reprinted.  Probably because long term this note will probably be illiminated. To sum up, what is said in this article is accurate.  A 1000 note before will equal a 1 dinar after. 

The 1000 note, both Bakri and Shabibi made reference to, will still be in circulation as 1000 dinars which would put the new value on this note at $860.00 equivalency.

FULL ARTICLE:

Delete the zeros .. Between positive and looting in the application!!  19/11/2012

Raised the issue of deletion of zeros from numbers the Iraqi currency, a package of questions we have, we those who important Cabrna fact we do not know about economic phenomena even those affecting our daily lives, is that part simplex of the iceberg huge floating in bushing water thicket and man, of course, enemy Majhl,

so Adding puzzled citizen conflicting opinions between and Atqazv two firing pin and the ball between them amid uncertainties that damage to the ordinary citizen and concerned about his future, waiting to take his hand out of the woods knowledge.

We entered this battle to illustrate the idea of ​​the deletion of zeros from the Iraqi currency figures through investigation the following ..

Achieve: Hussain Quraishi

Mohammed Jabbar 40 years working Ttara, suffer from the lack of small denominations in our daily interactions with people, such as a class (twenty five dinars) or category (Fifty dinars). Take, for example a simple tray Alchkat b (two hundred and fifty dinars) and contain this enclosure (ten cans) citizen may tubeless to this number of Alchkat but will be forced to acquisition this number of Alchkat because he does not have the cash denominations smaller than with the two hundred and fifty dinars.

 I watered you a simple example Alchkat, and there are a lot of materials that are sold (quarter حand possibly (four needs for more than a quarter). The truth is, I do not know more than that which is in the hands of Iraq's economic relations with other countries.

Asmaa Mohammed Hamid (42-year-old housewife) expressed puzzled over this issue by saying: I do not know how it can make such a thing at a time are linked by a network of (deliberations Economic and advances) How will fulfill them to people I do not know!!!

For information on the implications of this case on the market, both remained zeros or not, Haorna a number of economists and specialists:

Press competent in economic affairs Laith Mohammed Reza  there two among economists on this topic, Some enthusiastic project to delete the zeros and is based on a number of arguments indicating it would limit the size of the money supply and facilitate the process of trading in the currency which would reflect positively on the overall the national economy, i

n addition to side media, which raises the value of the Iraqi currency Simia he would express face new Iraqi, and the other direction reduces the importance of this action and hinted that this measure formality or in other words is a change in the label only and does not have any negative impact on trading or even the value of the currency, and the operation will be limited to only the opinion of those on the deletion of zeros and change the names of currencies.

The opinion of Dr. Majid picture expert in the Iraqi Central Bank, which between that there a number of reasons called the competent authorities to taking this decision, including: the existence of a number of zeros to numbers Iraqi currency seems illogical,

 but a loss in many cases, the large number of confusion that gets discouraging currency trading, as well as continuing high inflation rate of Iraqi criticism, it is necessary to delete the three zeros for rational numbers and trading dinars healthy easy.

Purely accounting process

And shows the picture that in the case of the ratification of the decision Vsaakb issuing Coins small of the Iraqi dinar, such as class 250 fils / 100 fils / 50 fils and others, thus changing unit dealing in Iraqi dinars, as will numbers very low, Valtrliun becomes billion, and a billion have million and one million ( 1000) dinars, and a thousand dinars become one Dinar, and thus, the process accounting purely and reap economic benefits including: increased market confidence in the Iraqi dinar and the ease with which are traded and which is still wrought verbally when many of those who shorten the process of buying and selling a thousand dinars and say dinars, or half a dinar

Thus, as well as that this process leads to the possibility of drawing a fixed pricing policy for public and private sector, and it can help to reduce inflation of the Iraqi currency.

Complements the picture by saying: in the case of complete study decision to raise zeros and forwarded to the authorities vested in the approval is issued a new currency high specification is tamper-proof and traded in Iraqi banks for a long period of up to two years,

so do not have a confusion in the market, and this is absorbed existing currency gradually and replaced by new, clearer picture: that the operation does not harm them on one, whether they are depositors at banks or outside, currency should the new equal value existing currency, for example, currency twenty-five thousand dinars equal currency twenty-five dinars new currency thousand dinars current equal to the dinar New, as well as the U.S. dollar exchange rate which is equal to the current currency thousand one hundred and seventy dinars price on the new currency dinars and one hundred and seventy fils only.

Deal verbally dinars per

Through a questionnaire to a sample of citizens shows that the majority is eager to return dinars yesterday, especially those who lived glory and golden era when he was worth more than three dollars, and which confirms that the survival of dealing verbally dinars per Although smaller currencies in the current dealings (250) dinars as between Dr. Suri , and that the experience of the project to delete zeros does not cause any harm to anyone.

Parasitism due zeroes on the Iraqi dinar to the days of hyper-inflation, which came on the value of the national currency as a result of previous wars and the subsequent international sanctions destroyed the Iraqi economy and Iraq Currency referred to as paper presses of the former regime were issued in huge quantities without a lid.

But the relative stability of the national currency and the return link Iraq to the global economy and provide a reserve of foreign exchange thanks to oil exports, all encouraged the central bank to consider the deletion of zeros,

 but Advisor to the Governor Central Bank the appearance of Mohammed Saleh describe the system of cash payments current system miserable as the largest denomination in which no more than twenty dollars worth of pointing out that this provision on the installation of the Iraqi currency issued by the central bank after a five-year study.

Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge cautioned his part to bumps facing changing the currency and delete the zeros including the risk of fraud and increase the demand for goods for fictitious reasons resulting from the payment of dinars instead of a thousand dinars, as now.

But adviser Central Bank Governor appearance of Mohammed Saleh criticized this fear of fraud rings, calling it look bleak reminder that other countries proceeded to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil without being its economy to shocks and therefore Iraq not engaged in water unknown or walking in by no one of before.

Persuade the central bank to wait

Advisor to the Prime Minister for Economic Affairs pointed to the high costs of reprinting new currency, stressing that attempts will be made to persuade the central bank to wait in his plans in this regard.

But adviser central bank governor said: that the currency exchange and the deletion of zeros decision taken by the executive and approved by the legislature and that the project will not be implemented hastily, 

but will be taken a number of factors into consideration before you start to implement it, including the date of the financial year and the strength of the national economy among other indicators.

The appearance of Mohammed Saleh expressed optimism about the prospects for the development of the Iraqi economy, stressing that the reform of the currency system is strongly linked economy and that the goal of such a move is to restore the Iraqi dinar to its former strength.

The keeping conclusion with economic analyst Bassem Jamil Antoine, who believes that the switch Iraqi currency to hold inevitable calling fulfilled the necessary conditions for the implementation of the process, particularly the security and political stability, noting that over time until the mid-eighties was the Iraqi dinar equivalent of more than three dollars U.S.. Antoine hinted that raising three zeros will lead to an exchange rate of one dollar per dinar.
LINK

DINAR GURUS UPDATE, 20 NOV


11-20-2012  Newshound Guru Breitling   Imagine Germany with all the devastation they had...Germany was back to pre-war level within 8 years, with the right policy.  So, when we look at Iraq, they have dragged their feet a little bit.  We know what they planned for their currency.  The U. S. took that model from Japan & Germany and from complete destruction, it took about 8 years to be back to pre-war level.  That's where the 10 years came from, they probably gave the 2 more years extra.  That has come up over and over, 8 - 10 years.

11-20-2012  Intel Guru Roger   I still hold the belief BOTH currencies will increase in value some day in the future when compared to the US Dollar.  At present, BOTH currencies are being artificially held low due to reasons known only to the few who control many things, but who have reasons for doing things aren't shared with anyone...Take it all for what it's worth...and be aware that just maybe some portfolio exposure in BOTH currencies could lend its reward sometime in the future.  [post 2 of 2]

11-20-2012  Intel Guru Roger   There's been considerable and growing interest lately in the Vietnamese Dong (VND).  Could it be that one day the VND actually outperforms and brings a greater return to holders of that currency than those who hold the Iraqi Dinar (IQD)? I personally haven't yet abandoned the potential the IQD will increase through a straight-up revaluation without a "re-denomination" wherein the "re-denomination" means the 3 zeroes are literally taken off the currency, but instead the term is to mean that the actual currency notes are physically being taken out of circulation (i.e. dropping of the three zeroes), which of course would mean a straight up RV with significant potential for increase in value. [post 1 of 2....stay tuned]

11-20-2012  Newshound Guru LoriC   Ban-Ki-Moon is headed to Baghdad to help broker the Chapter 7 deal. He's the UN spokesman so he will be speaking on behalf of the members wishes and all signs point to a swift exit for Iraq. Very exciting time for Iraq. There was also a positive report about Iraq possibly taking over as the leader in OPEC and that it would "make them one of the strongest states economically." Sounds good to me!!

11-20-2012  Newshound Guru Tlar    I would also say that Maliki found a sliver of a crack that allowed him to shiitecan Shabibi that thus far has worked, a thing he has been trying to do since early 2010.  He also is shrewd and smart.  As to how this affects our investment, IMO it does not effect it at all and most likely helps it.  The tension between the government (Maliki) and the bank (Shabibi) is over.  Maliki now has control of the bank.  Shabibi had already collected the trillions of dinar before he was removed.  That's a good thing.    [post 2 of 2]

11-20-2012  Newshound Guru Tlar   They are still blaming Shabibi for the drop in value of dinar.  Yes, he allowed fear to inter the street which in turn caused a buying panic of US dollars but IMO it was temporary and controlled, the purpose of which was to buy back as much dinar as possible around the middle east and Iraq.  Shabibi only let this go on because it was ultimately to the benefit of Iraq long term.  He saw this as an opportunity to repatriate trillions of dinar in a short period of time and 1189 per each USD he put out.  He bought back multiple trillions of dinar this way which after RV would save his country billions.  I would say that if this was Shabibi's plan he is a genius. [post 1 of 2....stay tuned]

11-20-2012  Newshound Guru Med  THERE WAS A REASON FOR TALIBANI'S 180 AND IT WASNT CUZ HE THOUGHT MALIKI WASNT DOING HIS JOB EVEN THOUGH HE WASN’T IT WAS LEAKED TO TALIBANI THAT MALIKI HAD PLANS FOR HIM AND IT WASNT TO STAY AS PRESIDENT.  HE FOUND OUT THAT MALIKI WANTS TO PUT A SUNNI IN AS PRESIDENT AND HE ALSO WANTS TO HAVE A CONFRONTATION WITH THE KURDS.  I SEE THAT MUTLAQ IS STATING NOW THEY HAVE MORE THAN ENOUH SUPPORTER FOR THE REMOVAL.

11-20-2012  Newshound Guru Adam Montana   I don't put any stock in these "announcements" of a timeline... they have been talking about replacing the currency since 2009, and they have given plenty of "dates", and none of them have came through.  
 I don't think they will release the new currency until they have a new rate, and they won't do that until the HCL is resolved.

A Case for the Vietnamese Dong... Could It Outperform the Iraqi Dinar?, 20 nov


All,
There's been considerable and growing interest lately in the Vietnamese Dong (VND).  Supplies are low, and there very may be a good reason for this renewed interest in the official currency of Vietnam.
Could it be that one day the VND actually outperforms and brings a greater return to holders of that currency than those who hold the Iraqi Dinar (IQD)?  Though such a statement at one time would be considered almost blasphemy, especially coming from Dinar Daddy, it's important we take a real look at what this "other" speculative currency is all about.
So, in the spirit of keeping an open mind and sharing potential scenarios, I'm laying out my thoughts on the subject.  Take them for what they're worth, if for nothing more than food for thought...
  • REASON #1 (LEVERAGE):  You can purchase far more VND for a dollar than you can IQD.  Currently, you can purchase 1163 IQD for every $1.  For the same $1, you can purchase 20,838 VND.  Leverage is always your friend when purchasing foreign currency, so long as there's a legitimate potential behind the speculation.
  • REASON #2 (GROWTH):  Though the country of Vietnam doesn't have the massive oil reserves of Iraq, they do have a currency that is actually internationally traded, and an economy that is actually growing.  Vietnam poses a real threat to other countries such as China and Korea due to the value of their currency tied with their manufacturing infrastructure that is only growing.  The basic fundamentals of Vietnam far outweigh those of Iraq at present.
  • REASON #3 (STABILITY):  Vietnam is far more stable than Iraq.  Need I really expound?  Can anyone really disagree considering the current US administration's decision to completely abandon security for Iraq over the past four years?
  • REASON #4 (GEO-POLITICAL PRESSURE):  Vietnam has a very powerful "big brother" in the region named China.  China is well known for its currency manipulation tactics in order to ensure they maintain an export edge in trading with the "West".  Vietnam has now grown to the point that the country does pose a threat to their "big brother" offering those same services and abilities; only their currency is even lower in value.  Should the US and the "West" succeed in getting China to increase its currency, which seems to be what even Obama is pressing for recently, there is little question that China will place enough pressure on ALL countries in their Asian region to equally move their currency values to be somewhat in line (or at least within shouting distance) with their own.  Geo-political pressure is a real thing, despite it not being a fundamental reason for changing the value of a currency.
  • REASON #5 (RE-DENOMINATION):  Should the Iraq Dinar receive it's much announced and anticipated "Re-denomination" wherein the three zeroes are literally "dropped" from the currency, a 25K Dinar note would become a 25 Dinar note. Some connections in Iraq have stated the Dinar would then be revalued over a period of time to up to 3 times the value, meaning the overall increase from the IQD would be approximately 3 times a person's investment.... An excellent increase by all standards but certainly nothing compared to what many have speculated would be the eventual increase of the Dinar.  Now take the Viet Dong, at a value of 20,000 VND for every $1, it won't take much of an increase to outdo the scenario posed above wherein the IQD is "re-denominated" then increased, giving it at most a 3 to 5 times value increase.
FYI, I personally haven't yet abandoned the potential the IQD will increase through a straight-up revaluation without a "re-denomination" wherein the "re-denomination" means the 3 zeroes are literally taken off the currency, but instead the term is to mean that the actual currency notes are physically being taken out of circulation (i.e. dropping of the three zeroes), which of course would mean a straight up RV with significant potential for increase in value.
Please know that this post is nothing more than my logical deductions tied to known information and unverified tidbits.  Also, please know I still hold the belief BOTH currencies will increase in value some day in the future when compared to the US Dollar.  At present, BOTH currencies are being artificially held low due to reasons known only to the few who control many things, but who have reasons for doing things aren't shared with anyone.
Take it all for what it's worth... and be aware that just maybe some portfolio exposure in BOTH currencies could lend its reward sometime in the future.
Go Awareness... Go Dong... Go Dinar!
Dinar Daddy

Iraq Remove Chapter 7 .. Minister of Human Rights confirmed during a meeting Msala internationally need to remove Iraq from Chapter VII, 20 nov

Iraq Remove Chapter 7 .. Minister of Human Rights confirmed during a meeting Msala internationally need to remove Iraq from Chapter VII
11/20/2012

Minister of Human Rights confirmed during a meeting Msala 

internationally need to remove Iraq from Chapter VII

Search and Human Rights Minister Mohamed Sudanese Xiaa 

with a high-level international coordinator for missing Kuwaiti
 Ambassador Gennady Tarasov bilateral relations between the
 two countries during a meeting at the ministry.

A statement from the Ministry today that "Sudanese confirmed

 Iraq's commitment to continue cooperation with Kuwait and the 
International Organization for ending file missing Kuwaitis by 
investing the positive atmosphere that prevails relations between
 Iraq and Kuwait, as well as the upcoming visit of the Secretary-
General of the United Nations Ban Ki-moon to Baghdad."

He added that "the time has come to remove Iraq from Chapter 

VII, and referral of missing Kuwaitis from its international 
bilateral cooperation under the supervision of a third party",
 adding that "the Kuwaiti side expressed during the meetings of 
the Joint Ministerial Committee agreed to issue United Nations 
of any decision out this file of international framework to bilateral
 cooperation. "

For his part, praised Tarasov, according to the statement "the 

great efforts made by the Ministry of Human Rights and its 
cooperation in the search for the remains of missing Kuwaitis 
and which come within the framework of the efforts of the Iraqi 
government to end this file, also praised the positive development
 of the bilateral relations between Iraq and Kuwait."

The statement continued, "Tarasov pledged that he will be

 members of the UN Security Council in his report Iraq's
 commitment to continue cooperation in the file of missing 
Kuwaitis, also convey the point of view of the Iraqi government
 to refer the file from its international framework as a prelude to
 remove Iraq from Chapter VII."

The United Nations Mission in Iraq [UNAMI] has announced the 

approval of Kuwait invest Taweidadtha in Iraq, and the Head 
of Mission Martin Kobler said in a press statement that "Kuwait
 agrees to transfer a large part of the compensation to the
 investment in Basra and a number of provinces."

Ties Iraqi - Kuwaiti described as positive development over the 

past few months, to end the outstanding issues between the two 
countries, and to remove Iraq from international sanctions imposed
 on it in the seventh item, before the UN Security Council.

The latest developments announced two countries to end the row

 and the final settlement of the issue of Iraqi Airways, said after 
Emir of Kuwait Sabah Al-Ahmad Al-Sabah on 23 October last
 Emiri Decree approving the financial settlement, after the two 
sides signed a final settlement by the Iraq to pay $ 500 million in 
compensation final to Kuwait Airways.

And consists of Chapter VII of the 13 articles, and is resolution 678 issued

 in 1990 calling for the ousting Iraq from Kuwait by force, from the 
provisions of this chapter, Iraq is still under Tailth, because the survival
 of several issues outstanding, such as the remains of Kuwaiti citizens and
 prisoners in Iraq, and Kuwaiti property, including the archives of the Amiri 
Diwan, and the Crown Prince Court, and the issue of compensation and
 environmental oil, which is not only related to the State of Kuwait, but
 other Arab countries, and companies claim that they do not still have 
some rights.

Breitlings Tuesday Report 11202012

UST NOTES ARE COMING OUT, 20 NOV


BWM] remember if your “intel” (and I use that VERY loosely) has at least three uses of the words “has or will” in their statement and 3 different rates… yeah, well let’s just say laugh and move on
[txgirl] BWM you mean I can not go and cash in my dong for 46 cents tomorrow
[~PETERSMA] BWM Does that work like credit scores where ya just pick the middle rate and you’re good to go?
[BWM] ~PETERSMA no you ignore the poster and be glad you have more sense than an oyster
[BWM] that’s about the person who posted it’s IQ… oyster level
[~PETERSMA] BWM LOL
[puppygirl] BWM good thing oysters have thick shells
[BWM] well I can’t hang around long tonight… anyone got any questions, comments or otherwise
[Clutchgut] BWM Nope….not even any snide remarks….believe it or not lol
[hootie123] I have never received any money for my VND!! rofl
[BWM] Clutchgut well pooh..
[puppygirl] BWM any thoughts on this “Dinar RV Value – Treasury Dollars Ready – Post By Tom Gambill”?
[puppygirl] from recaps today
[hootie123] VND
[hootie123] Can’t type it
[BWM] puppygirl I read it several times… like everything else…
I can only try to put it in perspective… sometimes so many things we try to fit into our way of thinking… I can only say what I have heard going forward… as long as the FED is around… you will continue to see FRN’s
[puppygirl] thank BWM . Seemed like a lot of mumbo jumbo to me.
[BWM] the banks give two different stories…. honestly, I have a couple of banks that swear the UST notes are coming out and they heard this and that… I have other branches (SAME BANKS) that say there is NO WAY it can happen like it’s been discussed and this would take years and years
[puppygirl] so the confusion is everywhere!!
[puppygirl] In this era of deep debt for all countries, where are these assets to come from?
[txgirl] puppygirl when it comes to the RV I stay confused
[~PETERSMA] BWM Having worked at a bank for several years, I can see UST notes coming out and even possibly replacing FRN through attrition. However, until banks see major changes in their IT technology systems that communicate with The Fed everyday, it is not going anywhere anytime soon IMP
[puppygirl] talk about stealing from the future!
[BWM] it’s like everything else… you really can’t believe those things that ppl can’t back up… and right now the only pics circulating show the Federal Reserve Note on the $100 bill… until that changes OR TERE IS A PUBLIC ANNOUNCEMENT TO THE CONTRARY… you have to assume that something HAS to break with the FED… either extended or well, we’ll have to see
[~PETERSMA] IMO
[BWM] ~PETERSMA two completely different systems… it HAS to be some type of change… the FED is a privately held institution… the UST is part of the US Government… we “borrow” from the FED… hence, about 14 Trillion of our current debt basically… so to change to using the UST notes would require some serious issues to be resolved
[puppygirl] does the FED ever ask for collateral on these loans?? If so, what is this collateral?
[BWM] not to say that it couldn’t be or have been in the works for years… consider this, the FED goes under, and takes almost all our debt with it.. and there is a “reset” between the countries and China and Japan forgive the other 2.5 Trillion dollars of debt we owe.. feasibly, the dollar would again have value (since no real debt was assigned) and therefore at that point you COULD institute new currency as the UST would take over responsibility for the currency.. and thereby giving a period of time to “exchange” bills out but not going back to the FED.. to me, the FED resolution is the biggest issue
[puppygirl] does the FED have to go over the cliff in Jan 2013 ?
[~PETERSMA] BWM I suppose that’s what I was getting to. I see the notes as legal tender side by side until our banks can pull them out of circulation.
[BWM] puppygirl supposedly the FED’s contract expires in December… now, we don’t know if a written extension must occur or what guidelines there are for the dissolution of the FED… so we kinda just have to wait and see
[puppygirl] ~PETERSMA yes that makes sense to me. Can’t leave a vacuum.
[BWM] ~PETERSMA it’s possible… as long as the FED doesn’t exist because those are their (private) notes
[BWM] well… “sold/borrowed” etc. for our government
[BWM] I could see them allowing 24-48 months to make a changeover… but again, if the FED is still there… there is no reason for that
[puppygirl] BWM I guess I am asking if you see a big meltdown/crisis appearing at the FED before this reset can/will occur?
[~PETERSMA] BWM And that’s the “IT Angle” if the Fed is going to go under, go away, whatever, computer systems would have to be replaced and redirected to UST. That would be a telltale sign that change is afoot.
[BWM] puppygirl something HAS to happen… either an extension/renewal or dissolution
[BWM] ~PETERSMA here’s the headache.. this doesn’t effect the consumer… it would reak havoc with the merchants… just consider if you had two currencies worth different values at the same time…
[puppygirl] BWM so extension/renewal we would likely see no difference in daily affairs. Dissolution would be over time as adjustments (IT for example) are implemented and we would see it coming as the telltales would be evident. IMO a government would be advertising this to get folks ready for such a change.
[BWM] if the value of the FRN and the UST notes were even a half a cent difference in value.. things would be in an uproar
[puppygirl] BWM but the likelyhood of an uproar over this is low, as I see it.
[Katt] I have 2 questions BWM..
[Katt] 1) What is the date ? 2) and the Rate?
[Katt] i’ll probably get kicked for that
[ofish] Katt nov 31st jejeje
[puppygirl] Feb 30th
[Clutchgut] puppygirl lol
[~PETERSMA] Katt Katt the date is December 14th LINK
[wisewarrior] rofl rofl rofl
[Katt] ~PETERSMA lol !! u stinker!!
[BWM] Katt it won’t happen on NOV 31st, THAT I’m sure of… and the rate will not sound as stupid as the description that Hammoron gave on recaps
[puppygirl] Why would a gov’t stir the pot when they are so good at soothing the masses to keep them down?
[wisewarrior] puppygirl great question
[BWM] puppygirl will we even know what the resolution is? that’s an issue we just won’t know… could this just happen and we forget all about it?
[puppygirl] BWM now that sounds like gov
[puppygirl] thinking to me… let them forget it!!
[BWM] puppygirl you know.. ppl complain about the carrot dangling in front of them and the just hang a bigger carrot… you may feel like you accomplished something but you’re still not eating
[puppygirl] BWM ya but the bigger carrot smells better! LOL
[puppygirl] wisewarrior we have been talking about DinarRecapsLink
[cougar428] BWM how goes it say i saw on recaps yea i know but med said july is that realistic do you think they might drag it out that far
[BWM] cougar428 july really doesn’t hold any bearing for me… honestly, I would say by around February and if not then sadly I hate to say it… but it could be much longer after that
[puppygirl] BWM I am leaning that way too. Sad to say but it is the truth as I see it.
[BWM] but news has been really interesting the last 24 hours… so I have not given up hope on the short term yet
[BWM] well folks… any other questions or statements…
[wisewarrior] BWM we love you

PHOENIX, LORIC, DINARDANA & ROGER POST, 20 NOV


11-20-12 Phoenix3333: Remove Iraq From Chapter 7. Minister of Human Rights confirmed during a meeting Msala internationally need to remove Iraq from Chapter VII. "Iraq's commitment to continue cooperation with Kuwait and the International Organization for ending file missing Kuwaitis by investing the positive atmosphere that prevails relations between Iraq and Kuwait, as well as the upcoming visit of the Secretary-General of the United Nations Ban Ki-moon to Baghdad." 

11-20-12 LoriC: Ban-Ki-Moon is headed to Baghdad to help broker the Chapter 7 deal. He's the UN spokesman so he will be speaking on behalf of the members wishes and all signs point to a swift exit for Iraq. Very exciting time for Iraq. There was also a positive report about Iraq possibly taking over as the leader in OPEC and that it would "make them one of the strongest states economically." Sounds good to me!!

11-20-12 DinarDana: This is a very important article which clearly points out that Maliki clearly does not understand the function of the CBI. He seems to think this function is to support the government. He in fact points out that the CBI is not responsible for the monetary policy, but states the constitution stipulates the Council of Ministers performs this responsibility.

Sadr basicially is stating this interference will collapse the economy. From all my studies of central banking and monetary policies I have to agree with Sadr, the Council of Ministers is not qualified in this profession to regulate the economy or the monetary policies. Iraq has a serious problem on their hands.

"Sadr charged the Iraqi government interfering in the work of the central bank without a destination right which threatens the collapse of the country's economy. Sadr said the country's economy is threatened and on the brink of collapse, especially after the intervention of prime minister job CBI unjustly, calling on parliament to work on save the economy of Iraq."


11-20-2012  Intel Guru Roger:  There's been considerable and growing interest lately in the Vietnamese Dong (VND).  Could it be that one day the VND actually outperforms and brings a greater return to holders of that currency than those who hold the Iraqi Dinar (IQD)? I personally haven't yet abandoned the potential the IQD will increase through a straight-up revaluation without a "re-denomination" wherein the "re-denomination" means the 3 zeroes are literally taken off the currency, but instead the term is to mean that the actual currency notes are physically being taken out of circulation (i.e. dropping of the three zeroes), which of course would mean a straight up RV with significant potential for increase in value.

   I still hold the belief BOTH currencies will increase in value some day in the future when compared to the US Dollar.  At present, BOTH currencies are being artificially held low due to reasons known only to the few who control many things, but who have reasons for doing things aren't shared with anyone...Take it all for what it's worth...and be aware that just maybe some portfolio exposure in BOTH currencies could lend its reward sometime in the future. 

DISCUSSION OF MED, 20 NOV


breezin (08:14:57): So Maliki wamts to get rid of Talabani
busman: he thinks that
breezin: Well he does not have the authority to do it by the constitution  but when has that stopped him?
busman: taking out advesary's one at a time, or he is trying

breezin: He needs to go
busman: breezin he is covered with teflon
breezin: Maybe ... but seems like everything is lining up well against Maliki  Now if Talabani would just call for the vote of no-confidence
busman: look how long it took the fbi to get john gotti  he can, but will he?

breezin: Agree. Is Parliament out for a few more weeks?
busman: they are in session right now
breezin: oh good
busman: meeting today

breezin: if Talabani would just act we may get this done sometime in our lifetime
busman: they say there is 222 deputies in the session, we will see
breezin: I have to believe the Erbil group can get it together this time
busman: med did you go to sleep?
  breezin, imho i still think no RV till the erbil is signed, jmo
Those that were on the fence before (like Talabani) seem to be strongly against Maliki now

Med (08:22:05): NO BUS I WAS READING THE DEBONING ARTICLE OK TDK

busman: to me it is hard to beleive anything they put out

Med: YES AND THE REASON BREEZIN

(turkey talk lol)

Med: NOW BREEZIN ON YOUR ?

Med: THERE WAS A REASON FOR TALIBANI'S 180 AND IT WASNT CUZ HE THOUGHT MALIKI WASNT DOING HIS JOB EVEN THOUGH HE WASN’T IT WAS LEAKED TO TALIBANI THAT MALIKI HAD PLANS FOR HIM AND IT WASNT TO STAY AS PRESIDENT

HE FOUND OUT THAT MALIKI WANTS TO PUT A SUNNI IN AS PRESIDENT AND HE ALSO WANTS TO HAVE A CONFRONTATION WITH THE KURDS

I SEE THAT MUTLAQ IS STATING NOW THEY HAVE MORE THAN ENOUH SUPPORTER FOR THE REMOVAL

ALSO MOVING RIGHT ALONG IT AMAZES ME HOW LONG IT TOOK FOR THE GOI TO REALIZE THAT ALL THAT MONEY AUCTIONED OFF DID NOTHING TO INCREASE THE VALUE OF THE DINAR

WE KNEW THAT BY WHAT HAPPENED HERE REMEMBER WHEN THE PRESIDENT POURED ALL THAT FIAT MONEY INTO THE SYSTEM OUR CURRENCY PLUMMET OK GANG I HAVE TO GET MY FEET UP THEY ARE POUNDING I WILL BBL

breezin: Thanks Med

Med: YW TY FOR THE ? AND ALL YOUR COMMENTS BBL BYE ALL

UNIFIED RETIREMENT LAW DISCUSSION, 20 NOV


YOTA691:  400 thousand dinars minimum wage

Daini "morning": raising the Unified Retirement Law of the Parliament

BAGHDAD - Farah pumice

“Committee announced economic parliamentary the next few days will witness provide Unified Retirement Law to the House of Representatives.

said committee member Rep. Nahida Daini: that the law will increase the salaries of retirees but at least the slightest pension for the 400 thousand dinars.” (SNIPPET - Full article below)

HYDRANT:  am i misssing something ,400,000 dinars equals---$344.00 so if an rv came in at---.10 cents that would be $40,000.00 aint going to happen or they lower the minimun and then apply---or am i thinking wrong-----just asking----you op please

ROCKFL9:  An avg worker makes 2M dinar a year... Now look at it this way a bbl of oil today gives 100,000 dinar .. IF a .10 RV the oil will bring in only 900 dinar.. How will they balance the budget with that? Aint gonna happen! Pretty much says any RV will be low and slow.

MRMCWHIPIT:  Im sure if their currency RVd the amount would be adjusted.
DONTLOP:  all we have is what the iraqis are telling us through these forums .. and that is .

There will be two denominations of dinars ... new dinars .. and old dinars ..,, the new dinars will be worth 1000 times more than the old dinars .. so it depends on which dinars you have ..

I could be wrong ,, but i think thats what ive been reading over the last year ... how do other countries do it when they redenominate....i think the same way ..

There must be guide lines they must follow .. or anyone could just do anything .... and i definatly will run for president sayng i will rv the dollars to be worth one million dollars each ,, and i will win ..

Then ill make a quarter worth one billion dollars. and get re-elected .. .. no one will work any more ,, we would have to depend on goods and services to just magically appear on demand , with no workers ... and if they could magically appear , why would we even need money ..

Money is supposed to be something redeemable for goods or services .. not something you are entitled to because your poor .. when your poor you should be able to get a job or at least be able to farm the land without a tax man coming along and charging you , or you should be able to fish to eat without a license.. or hunt for food without paying a fine .. you should be able to build shelter without govt forcing you to move on or pay them taxes .. this was the american dream  ..

Daini "morning": raising the Unified Retirement Law of the Parliament

BAGHDAD - Farah pumice

“Committee announced economic parliamentary the next few days will witness provide Unified Retirement Law to the House of Representatives.

said committee member Rep. Nahida Daini: that the law will increase the salaries of retirees but at least the slightest pension for the 400 thousand dinars.”

They indicated that the latest draft existed was completed after the formation of a committee of four members of the parliamentary Finance Committee and other committees, as well as members of the national pension.

showed Daini said Unified Retirement Law was supposed to begin since two years, but why delay is that the national pension did not submit the draft law to the Parliament, especially when the law was approved by the government.

said Rep. that the retirement may put small sums such as increasing the salaries of retirees is not rise to the level of ambition, stressing that There are signatures of dozens of MPs from different blocks in order to speed up the approval, and expect to be approved in conjunction with the approval of the general budget for the year 2013. http://www.alsabaah....w.aspx?ID=39256

IMF Considering Australian & Canadian Currency As Reserves , 20 nov

Anchalee Worrachate and John Detrixhe, Bloomberg News
Nov 19, 2012

The International Monetary Fund said it’s considering classifying the Australian and the Canadian dollars as reserve currencies.

The two “are to be considered for inclusion” separately in the IMF’s “Currency Composition of Official Foreign-Exchange Reserves” data, the Washington-based lender said in a report published on Nov. 14. They’ve previously been included in an “other currencies” category in the COFER reports.

    The Australian and Canadian economies have been much more stable than the top economies in the post-financial-crisis era

The IMF plan comes as Australia and Canada have shown more signs of stability in the fallout of the 2008 financial crisis than the world’s biggest developed economies. While the U.S., to the U.K. to Japan have been coping with increasing debt loads, deficits in Canada and Australia are forecast to be below 5% of gross domestic product in 2012 and are expected to shrink.

  “It really helps to cement the stability of these currencies,” Ravi Bharadwaj, a market analyst in Washington at Western Union Business Solutions, a unit of Western Union Co., said in a telephone interview. “The Australian and Canadian economies have been much more stable than the top economies in the post-financial-crisis era.”

The Australian budget is forecast to show a surplus that is 0.1% relative to GDP next year, after a 3% deficit in 2012, according to the median estimate of economists surveyed by Bloomberg. Canada’s may shrink to a 0.6% deficit from 1.2%. The U.S. shortfall relative to GDP is forecast to contract to 5.7% from 7%.

Risk Appetite

“The Canadian and Australian dollars have been appreciating today, and that’s partly to do with the better- than-expected appetite for risk that we’re seeing across all sectors of financial markets,” Bharadwaj said. “The Aussie’s gain seems particularly strong and also based on the IMF decision to raise it to reserve status.”

The Aussie climbed 0.6% to US$1.0404 as 12:39 p.m. in New York after gaining as much as 0.8%, the most since Nov. 6. The Canadian currency advanced 0.5% to 99.65 cents per U.S. dollar.

The Canadian dollar, nicknamed the loonie for the image of aquatic bird on the $1 coin, has gained 2.5% against the greenback this year, while the Aussie has rallied 2%. Australian government bonds have returned 5.9% in 2012, compared with 2.6% for Canada’s debt and 2.8% for Treasuries, according Bank of America Merrill Lynch indexes.

‘Others’ Rise

“Elevating the Aussie and loonie to reserve status certainly helps to ascertain how global central banks are diversifying their currency holdings,” Bharadwaj said.

The share of global foreign-exchange reserves denominated in so-called other currencies rose to 5.3% in the second quarter, from 2% in 2007, according to IMF data published in September. The percentage of reserves denominated in U.S. dollars was 61.9% in the second quarter.

The IMF also counts the euro, the yen, the British pound and the Swiss franc as reserve currencies with separate data points in the COFER reports.

http://business.financialpost.com/2012/11/19/imf-considering-loonie-as-reserve-currency/