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Wednesday, December 5, 2012

PROJECT DELETE ZEROS DISCUSSION: THIS WILL NOT BE AN OVERNIGHT RV , BUT A FLOAT, 5 DEC


KAPERONI:  Well, I dont think this is anything new if you believe this is a two-step process..  1. raise the value, 2. officially remove the zeros/new currency (Article & Link at end of Post )

Wednesday, 05  2012   Alsumaria News / Baghdad

The Central Bank of Iraq, Wednesday, that the project to delete the zeros from the currency will not be in the next year, at the request of the wait made by specialized committees in Parliament.

The governor of the Iraqi Central Bank and the Agency Abdul Basit Turki, in an interview for "Alsumaria News" that "تريثا occurred in the decision to delete the zeros and the currency exchange," noting that "the timing of the start of the project has not been determined until today, but it will not be over the next year 2013 ".

Turki added that "the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament called for the need to wait in the project, so as to provide appropriate time and circumstances."

KAPERONI:  Well, I dont think this is anything new if you believe this is a two-step process..  1. raise the value, 2. officially remove the zeros/new currency.

 KAPERONI CONTINUES:   So IMO, this just confirms this will not be an overnight RV like so many want to believe, but a float.  With them coming out and stating this, I think we have to now look at early 2013 sometime Jan-April for the float to begin.  Which may very well be Feb just before the IMF Stand-by-Agreement expires.

But then again, this could all be smoke and the thing hits tomorrow..lol

Central Bank announces Trath draft deletion of zeros at the request of the Parliament

ARTICLE LINK

KAPERONI:  "the timing of the start of the project has not been determined until today, but it will not be over the next year 2013 ".

Turki added that "the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant     


KAPERONI:  I just find those two statements very contradictory considering the circumstances in Iraq.   Everyone is fully aware of the economic situation in all areas.   Delaying this event seems to only accomplish one thing, which would further deteriorate the achievements made in the economy and create more poverty, less employment and civil unrest.  Maybe that is what Maliki wants....who knows.

PGLD:  Your posts make perfect sense and logic tlar. The fundamental issue at hand is that greed, corruption and immorality rule the day. It's not about what should happen, or what they ought or need to do. It's about what pleases those in power and serves their best personal interests. 

The proof is in the pudding. What is the last example of Iraq doing something in the best interest of the people, much less the rest of the world? I accept this as fact, because it is fact, not opinion. Do I hope they continue on this path? Of course not, but I am a realist and this is the reality.

KAPERONI:  The one interesting fact that is still outstanding is the torn, worn out dinar.  The articles that addressed this in Sept and Oct stated that the first week of Nov they would start issuing replacements.  To this date, I am not aware any such process.  Therefore, this article seems to hold even more gravity when you consider the condition of the dinar in country.

ARTICLE  LINK
TERRY:  "Turki added that "the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament called for the need to wait in the project, so as to provide appropriate time and circumstances."

So, what is the appropriate time and circumstances???  My guess is we will never know until the money is in our pockets. The more I learn the more I don't know.  These people are driving me crazy.

FIRST ARTICLE IN POST & LINK:

The Iraqi Council of Ministers decided, in (16 October 2012), the prime BSA Abdul Basit Turki tasks central bank governor agency, meanwhile, announced the Supreme Judicial Council, in (19 October 2012), for the issuance of an arrest warrant for former Fed governor and a number of officials in corruption cases.

He revealed Iraqi Central Bank Governor Sinan al-Shabibi issued an arrest warrant, the (November 6, 2012), on the detention of 20 employee of the bank, demanding release about them, also considered that the bank has refused the government's attempt to dispose of its reserves is the cause of the dispute, stressing that his conflict with the Government policy in the fight against inflation.

The Parliamentary Finance Committee suggested, on August 9, 2012, on the San Attorney Haitham al-Jubouri be direct delete zeros and the currency exchange during the month of July of next year, and as shown, the central bank has removed all fears, it confirmed that the government will support this project after providing Baijayate and disadvantages.

A member of the Economic Commission parliamentary Hussein Mura'bi in (Sept. 23 2012), that the confusion in the monetary policy makes the country lose about eight million dollars a year, while warning that the issue of deletion of zeros will facilitate the mafia money laundering steal billions without feeling state, called to examine the impact on the general situation.

He accused the Central Bank, (12 September 2011), government agencies of obstructing monetary reform and vowed the persecuting, blaming those entities responsible for exposing the financial interests of the country to danger.

Regarded as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011), that the lifting of the zeroes from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering economic, warning of "mafias currency" is preparing to rig the trillions Iraqi dinars to replace them in the light of the upcoming changes.

Noteworthy that some economists believe that Iraq is currently formatted for the deletion of zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability.

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.4.hathalyoum.net%2Firaqnews.php%3Faction%3Dsit%26cd%3D2%26sid%3D99128

KEEP THE FAITH AND THE PRAYER'S GOING UP, 5 DEC

12/05/12 [..OKIEOILMAN] I AM AWAITING THE I.R.S. NEW 159 PAGE RULEING TODAY THAT MAY ADD 3.8% ADDITIONAL TAXES TO WHAT THE PRESENT CAPITOL GAIN'S TAXES ARE PRESENTLY. THIS NEW RULEING AS I UNDERSTAND IT WILL BE APPLICABLE ON CAPITOL GAIN'S AND DIVIDEND'S, WHICH WILL AFFECT MANY OF US. AS I GET A CHANCE TO STUDY IT WHENEVER IT BECOMES AVAILABLE I WILL SHARE MY UNDERSTANDING OF THE APPLICATION AND WHETHER IT APPLIES TO ALL OF US AS INVESTOR'S. I HAVE NO NEW INTEL ON THE TIMING OF THE R/V. I AM KEEPING CURRENT ON THE INTEL AS IT APPLIES TO EACH OF US. PLEASE KEEP THE FAITH AND THE PRAYER'S GOING UP---OKIE

Breitling Report Wed 1252012

DINAR GURUS UPDATE, 5 DEC


12-5-2012  Newshound Guru Med   THAT WOULD MEAN THAT THE GOI WILL HAVE TO ACTUALLY SET UP SOME KIND OF TAX SYSTEM TO GENERATE REVENUES TO SUPPORT THAT VERY VERY EXPENSIVE GOVT.   THIS IS WHY MALIKI WAS TOLD IN LATE FALL OF 09 TO CUT SALARIES AND TO ALSO CUT THE AMOUNT OF IRAQI'S EMPLOYED BY THE GOI THAT THEY HAVE,  APPROX. 10 X THE AMOUNT OF PEOPLE WORKING FOR THE GOVT THAN IS NEEDED  FOR A COUNTRY ITS SIZE.   ALSO,  IRAQS BUDGET IS INCREDIBLY HIGH COMPARED TO OTHER COUNTRIES OF SIMILAR SIZE.  MALIKI DOES NOT WANT TO LOSE THOSE REVENUES. 

12-5-2012  Newshound Guru Med    MY #1 REASON FOR WHY MALIKI DOES NOT WANT AN RV RIGHT NOW - IN ORDER TO ENTER THE FREE MARKET ECONOMY  IRAQ MUST GIVE UP ALL RIGHTS TO ANY COMPANY PRODUCING REVENUES.  THEY CAN NOT HAVE A CONTROLLING INTEREST IN ANY COMPANY, OIL, GAS...NO MORE THAN 49% OF THAT COMPANY.

12-5-2012  Newshound Guru Adam Montana   and finally, 3. The announcement of AsiaCell coming onto the ISX... there is a LOT of speculation on AsiaCell - does it signify an RV, does it have anything to do with the RV at all? I say no, but it IS a good indicator that things are STILL going the right direction.  We've been watching this investment for 10 years now, and although it really looks like things are wrapping up at an accelerated pace... there's no law that says it can't go another 10.  (I'm not saying I think it WILL go another 10! I'm just saying anything is possible)...one last thing... a warrant was also issued for Saleh.  Saleh has recently been mimicking what Shabibi was saying before his warrant was issued so it is very easy to see that the GOI (Maliki personally?) may be issuing warrants and warnings to everyone opposing an RV.
[post 4 of 4]

12-5-2012  Newshound Guru Adam Montana    I'm certain that Shabibi's actions (putting a l0p ahead of an RV) had a lot to do with him being removed. Now that he is not able to stick his nose directly in the business, I would like to see Maliki move forward at an accelerated pace to raise the value significantly. (If Shabs comes back after the value is raised and is put in charge of maintaining the stability of the new rate, I'm sure he will do a good job.)  [post 3 of 4....stay tuned]

12-5-2012  Newshound Guru Adam Montana     2. Changing the currency, deleting the zeros, raising the value, etc. We are seeing a few opposing articles - some say that they plan to swap out the currency in January, others say that's not going to happen. Here is why:  The bank has been a supporter of simply removing the zeros. They feel they have inflation and volume of currency under control. Removing the 0's without changing the value is a straight bunny-ear - no value is gained, no value is lost, but what IS lost is two things: The money it takes to needlessly reprint currency, and the potential to recapture lost wealth.   [post 2 of 4....stay tuned]

12-5-2012  Newshound Guru Adam Montana  There are three items to mention on the "state of the dinar"  1. Tomorrow, Thursday, Ki-moon will be in Baghdad and it appears there is a heavy emphasis on Chapter 7.   Ki-moon will meet with Talabani and Maliki...this is a ONE DAY visit, which basically means there isn't a lot of negotiating, strategizing, or anything else going on - it's a "Hi how ya doing? Can we sign this thing yet? GREAT!" type of meeting. (Or it's a "No, we need another week to get Erbil wrapped up...either way, things are going the right way!)

12-5-2012  Newshound Guru SWFloridaGuy   Ban Ki Moon is making a trip to Baghdad tomorrow and claims that one of several items on the agenda is to remove Iraq from Chapter VII. If true, this is excellent news for the dinar community. The UN Secretary-General, who is meeting with President Talabani and Prime Minister Maliki will also hold a joint meeting at the Conference Palace with the parliament speaker and heads of blocs and parliamentary committees.  Ban Ki Moon said that "Iraq wants to get out of the provisions of Chapter VII of the UN Charter, but I strongly encourage the Iraqi Prime Minister to speed up the closure of many important files in the fastest time possible."   I'd have to agree with the Moon on that one. The US Secretary of Defense also met with Maliki to abetment a solution to the Baghdad/Erbil political crisis. 

12-5-2012  Newshound Guru 8Ball  Article:  "Talabani will ask the National Alliance change Maliki upon his return to Baghdad"    Maliki maybe stonewalling again leaving them no alternative to pull down the Maliki government due to lack of effort...the twist on this is that they are only asking for Maliki to be replaced so they may have Shiites within Maliki's party saying its not us and Maliki is acting alone...Kuwait is coming to sign all agreements and Iraq must be organized would be my guess.

12-5-2012  Newshound Guru Med    IF FOR ONE SECOND ANYONE THINKS THAT I AM NOT 100% POSITIVE THAT THIS IS GOING TO END GOOD FOR US, YOUR WRONG.  I TRULY BELIEVE THAT WE ARE NOT OUT OF THE RV RACE FOR THIS YR.   I DO EXPECT THEM TO DO A CONTINUOUS RATE INCREASE AND PAUSE AN INCREASE AND PAUSE AND KEEP IT GOING UNTIL THEY ARE AT THAT ONE TO ONE THEY ARE LOOKING FOR.

12-5-2012  Newshound Guru Med   I WAS SO SURE AND I MEAN SURE AS COULD EVER BE THAT COME JAN 1 WE WERE DONE...I WAS AS CLOSE TO 100% AS A PERSON CAN GET BEING CERTAIN.  WE WERE THROWN A CURVE HERE BUT WE HAVE HUNG SO TOUGH THROUGH WHAT HONESTLY MANY OF THE BIG INVESTORS WHO DEAL IN WALL STREET WOULD HAVE SAID SCREW THIS BUT THIS IS IT FOR US,  THIS IS OUR ONCE IN A LIFE TIME CHANCE.
  

Dong RV’ed in Europe, Obama met with the IMF and talked to Maliki, 5 DEC


12-5-2012 Intel/Newshound Guru Poppy3 Another rumor is the Dong RV’ed in Europe. Sources have not validated this as of yet. I was told it was showing on bank screens around the globe except for in the U. S. Take this as rumor. I can’t believe that they can RV in one country and not the rest. I’m very encouraged as there is a lot of talk around the globe about what is about to happen. Hopefully they get the laws passed & get them done quick. There are so many articles saying January 1, they have to get things done prior to January 1 for anything to happen in the 1st of the year. I am looking for a lot to be accomplished this month.
12-5-2012 Intel/Newshound Guru Poppy3 Parliament is to vote on 3 laws today & complete the discussions on the 2013 budget. There’s a lot of things pointing to they are going to get this done. I received on Nov. 30th from three different sources that the Dong was to go on Dec. 1st. & the rest was to follow. Obama met with the IMF and talked to Maliki over there asking them to hold off to the 1st of the year so he could get more taxes & China blew a stack, they were totally upset. They wanted us to have money to buy goods. It has been agreed upon that he will step out of the way when he goes on vacation which I think is the 16th, 17th of this month. This came from reliable sources, but I still have this as rumor.

DISCUSSION OF TLAR & OTHER, 5 DEC


TLAR:  I think this article is very telling.  Shabibi was accused of creating the conditions that led to the sale of more USD while collecting trillions of dinar.  Turkri appears to be doing the same thing while denying it..  He is stating in this article that "he is only supplying the needs of the market. 

Central Bank denies the existence of factors help to increase demand for the dollar in the market

Denied the central bank governor and Abdul Basit Turki Agency agents that help to increase demand for the dollar in the Iraqi market and thus raise prices locally.

Turki said that "the central bank provides any amount required within the markets, and that, of course, specific targeting a price ceiling and added that the bank controls the movement of the currency and prevent smuggling."

"The dollar is officially 1166 and the bank sells the added commission only 13 dinars for the banks, which in turn provided by controls at 1189 Iraqi dinars."    LINK

TLAR CONTINUES:  The CBI is responsible and controls the amount of USD that is sold at auction.  Turkri has control and if they wanted to they could change this trend to buy USD.  The definition today of "supplying the needs of the market", means selling USD to anyone requesting it I guess.

 It looks like the CBI, under Turkri, is again following in the footsteps of Shabibi and is using the auctions to collect dinar.  I expected that the sales of USD under Maliki's bank would be curtailed .  This was supposedly their biggest complaint against Shabibi. 

It is beginning to look like the only thing to have changed with the CBI is ownership.


WEDREAM:  "The dollar is officially 1166 and the bank sells the added commission only 13 dinars for the banks, which in turn provided by controls at 1189 Iraqi dinars." i hope cbi adds better than reporters do 1166+13 = 1179

SCALP:  Word on the street is that this guys abacus was broken......Treat as rumour please as I am not 100% privy to all the information and I cant divulge too much as I will break the rv again. Please don't spread to other boards, this is sensitive information and should remain only on this board.

Pls, I dont want loads of PM's and emails asking me for more information about this, I can not say any more than I already have. PERIOD NUFF SAID, The landing gear is not down, I say again, the landing gear is not down.......I will say however, that the landin gear is trying its best, it's a little stiff but with some lube it should come down perfectly very soon.......you can take that to the bank!

DISCUSSION OF MED, 5 DEC

Med (17:34:17): IF I MAY I WANTED TO CLARIFY SOMETHING
TAPPER2: go for it

Med:  IT MAY HAVE SOUNDED  OR IT MAY HAVE SEEMED THAT I WAS GIVING SOME NEGATIVE NEWS ON THE TRANSLATIONS IT IS WHAT IT IS AND I CANT HELP THAT BUT IF FOR ONE SECOND ANYONE THINKS THAT I AM NOT 100% POSITIVE THAT THIS IS GOING TO END GOOD FOR US YOUR WRONG

I WAS SO SURE AND I MEAN SURE AS COULD EVER BE THAT COME JAN 1 WE WERE DONE I AM NOT*** YOU I WAS AS CLOSE TO 100% AS A PERSON CAN GET BEING CERTAIN

WE WERE THROWN A CURVE HERE BUT WE HAVE HUNG SO TOUGH THROUGH WHAT HONESTLY MANY OF THE BIG INVESTORS WHO DEAL IN WALL STREET WOULD HAVE SAID SCREW THIS BUT THIS IS IT FOR US THIS IS OUR ONCE IN A LIFE TIME CHANCE
  WE ARE SO USED TO THINGS IN THIS COUNTRY GOING BAM BAM BAM AN ITS DONE LOOKING BACK INTO OUR OWN HISTORY WHICH IS THE BEST TO USE WE DECLARED IN DEPENDENCE IN 76 TOOK 18 YRS TO WRITE OUR CONSTITUTION BEFORE IT WAS RATIFIED

THE GUYS DID IT IN A YR I THINK OR LESS AND HONESTLY IT IS VERY WELL WRITTEN AND IT WAS TO SERVE THE PEOPLE BUT WE THE U.S. PUT OUR MARBLES IN THE WRONG HANDS

I TRULY BELIEVE THAT WE ARE NOT OUT OF THE RV RACE FOR THIS YR I DO EXPECT THEM TO DO A CONTINUOUS RATE INCREASE AND PAUSE AN INCREASE AND PAUSE AND KEEP IT GOING UNTIL THEY ARE AT THAT ONE TO ONE THEY ARE LOOKING FOR

MANY THINGS HAVE TO BE TAKEN INTO CONSIDERATION WHEN AN ARTICLE IS POSTED IN THE IRAQI MEDIA WHO IS THE MORON SAYING IT AND IF IT FIRST FROM THE NA IT IS 75% A LIE

AN IF IT COMES FROM THE NA AND THE DAWA FROM THE NA IT IS 100% A LIE

YOU CANNOT ENTER THE FREE MARKET WITHOUT A TRADEABLE CURRENCY YOU CANT USE A CREDIT CARD FROM IRAQ WITHOUT A TRADEABLE CURRENCY

NONE OF THE G20 COUNTRIES WILL ACCEPT PAYMENT FROM IRAQ UNLESS IT IS PAID WITH A CONVERTIBLE CURRENCY NOW I SEE THE U.S. IS SPONSORING A COME IN AND SEE IRAQ FOR BUSINESS'S FROM THE U.S. 70 TO BE EXACT

WE MUST HAVE A REASONCUZ ON FIRST GLIMPSE THINGS **** THERE

Med: TY OK MOVING RIGHT ALONG THERE WAS NO WAY THE PRESIDENT WAS GOING TO LET ALL THESE WONDERFUL MEN AND WOMEN WHO SACRIFICED FOR IT TO BE FOR NOTHING IF IRAQ FELL TO A DICTATOR

CAN YOU IMAGINE THE ANGER THAT WOULD ERUPT IN EVERY AMERICAN TOWN I FIGURED WHEN I HEARD THAT WE OFFERED TO REDEPLOY NTO IRAQ ABOUT 10 DAYS AGO THAT WE HAD TAKEN A REVERSE ON POLICY

REMEMBER THOUGH REMOVING MALIKI IS GONNA PUT THINGS ON A TEMP HOLD TO REGROUP IF THERE IS AN INTERIM I BELIEVE THAT WE WILL SEE AN RV BEFORE OR BY JULY

AND THE TRADE OFF FOR CHAPT VII MAYBE THAT THE NA REMOVE MALIKI CUZ WITH HIM THE CHANCES OF HIM BEING REMOVED ARE VERY SLIM VERY SLIM AND TOO BAD IF WE HOLD THEM HOSTAGE WITH THAT LEVARAGE

breezin: Med, what if Maliki decides he just won't leave ... regardless of the NA's decsion to replace?

Med: NO CLUE

stlou: Ban Ki Moon..visits Kuwait 5th/6th

Med: THIS WILL COME DOWN TO IF THE MILITARY SUPPORTS HIM THEN MY BELIEF IS THIS WE WILL REMOVE HIM WE WOULD HAVE TO

stlou: Kuwaiti Prime Ministers visits Iraq to sign agreements with Iraq next week, and Iraq/Kuwait are on the UNSC agenda the 17th

Med: IT WOULD BE OUR RESPONSIBILITY OK STOP I AM NOT DONE OK I AM DONE FOR NOW I FORGOT WHAT I WAS DOING I AM GONNA GO PLAY WITH THE PUPS LATER DS

breezin (18:22:17): Hey med, I wanted to apologize for interrupting you earlier

Med: NP BREEZIN

breezin: I got a call and had to drop

Med: I JUST LOOSE MY THOUGHTS AND I GET FRUSTRATED IT IS NOT ANYONES FAULT IT IS JUST PART OF WHAT I HAVE AND IT P*SSES ME OFF LOL YOU ARE ALL GREAT PEOPLE

breezin: Well we appreciate you VERY much

Med: AND I AM SORRY IT TOOK IT OUT ON ANYONE I KNOW AND I YOU ALL VERY MUCH STLOU DOES A FANTASTIC JOB ALSO AND YOUR COMMENTS IN THE FORUMS ARE SPOT ON AND I APPRECIATE IT

breezin: Thanks

Med: YW I JUST KNOW THIS IS GONNA WORK OUT I CANT FATHOM IT NOT OK BBL TAKE CARE ALL

breezin: You too

Med:OH ONE THINGPEOPLE IF YOU HAVE SOMETHING BOTHERING YOU LIKE BREEZIN ASKED

OR WAS IT STLOU ABOUT MALIKI NOT LEAVING ASK IT I LOVE TO BE TESTED GIVE ME YOUR BEST SHOT HONEST YOU ARE NOT GONNA HURT ME OR FLUSTER ME I HAVE BEEN POUNDED BY THEM ALL LOL BBL  MED OUT

surfsidedan: Med, i read were the IMF said that Iraq has to be a doner country in 2014, wouldn't they need

Med: YES

busman: actully i can BS with the best of them,lol

Med: TO ME YES BUT LET ME RESEARCH IT OK DAN THAT WAS A GREAT ? AND ONE WE NEED TO CLARIFY

surfsidedan: Med, i read were the IMF told iraq that they had to be a doner country in 2014, wouldn't that mean that they have to have a tradeable currency

Med: YES I KNEW WHAT YOU MEANT DAN SORRY I BURNT MY SUPPER LOL TRYING TO SALVAGE IT DIDNT HEAR THE TIMER BBL OK AND YES DAN UNLESS THEY ONLY USE PETROL DOLLARS OK

surfsidedan: Thanks

Med: BUT DO YOU SEE MY POINT DAN THEY ALWAYS CAN USE THAT OPTION BUT IT FROM WHAT LANACHY TOUGHT ME IS A LAST RESORT THAT IS ACTUAL REVENUES FROM SALE OF OIL THE DINAR IS NOT IS IS BASED ON CURRENCY ASSETS AND THE RATING INTERNATIONALLY IRAQ HAS WHICH IS BELOW O.O GPA FOR IRAQ TO SUCCEED AND TO MEET ALL THE ASPIRATIONS THEY HAVE ECONOMICALLY

THEY HAVE TO HAVE A TRADEABLE CURRENCY I WILL GIVE MY #1 REASON FOR WHY MALIKI DOES NOT WANT AN RV RIGHT NOW HMMM NOPE I AM SAVING IT ANYONE EVEN HERE

givememick: YES SIR

dj51: I am

busman: :S

Med: OK #1

busman: and to join the WTO, need a tradable currency, is that correct med?

Med: DRUM ROLL YES IN ORDER TO ENTER THE FREE MARKET ECONOMY

busman: (Tp)best i can do for a drumroll

Med: IRAQ MUST GIVE UP ALL RIGHTS TO ANY COMPANY PRODUCING REVENUES THEY CAN NOT HAVE A CONTROLLING INTEREST IN ANY COMPANY OIL GAS ANY OF NO MORE THAN 49% OF THAT COMPANY THAT WOULD MEAN THAT THE GOI WILL HAVE TO ACTUALLY SET UP SOME KIND OF TAX SYSTEM

TO GENERATE REVENUES TO SUPPORT THAT VERY VERY EXPENSIVE GOVT THIS IS WHY MALIKI WAS TOLD IN LATE FALL OF 09 TO CUT SALARIES AND TO ALSO CUT THE AMOUNT OF IRAQI'S EMPLOYED BY THE GOI THAT THEY HAVE APPROX....10 X THE AMOUNT OF PEOPLE WORKING FOR THE GOVT THAN IS NEEDED  FOR A COUNTRY ITS SIZE ALSO IRAQS BUDGET IS INCREDIBLY HIGH COMPARED TO OTHER COUNTRIES OF SIMILAR SIZE

busman: i think the GOI got voted a raise today if i remeber right

Med: OMG

busman: then took off a week

Med: I MEAN JUST ABOUT EVERYONE IN THE GOI IS NOW MINIMUM A MILLIONARE AND THAT IS ALL THE WAY DOWN TO THE CLERICAL OR JANITORIAL THIS IS FACT MALIKI DOES NOT WANT TO LOSE THOSE REVENUES

I DONT THINK ITS UNREALISTIC TO SAY WE CAN EXPECT THIS TO HAPPEN WITHIN THE NEXT 12 DAYS, 5 DEC


DEBORAH LAYNE: Okey doke, I'm going out on a limb:

For the ISX to do what they're letting us know they're planning to do, they will have to be out of Chapter 7.
The date that they can do that will be December 15th. For them to get out of Chapter 7, they have to revalue the currency. So. I am concluding that the RV/RI is expected to happen between now and the 15th.

I'm not concerned about the politics much. They will be rattling sabers forever. It will take years and years to get a settled and reliable GOI. And if people like US know this, then certainly the PTB who have the ability and power to make this thing happen know it too. Pay no attention to the man behind the curtain.

I don't think it's unrealistic to say we can probably expect this to happen within the next 12 days.


ARTICLE: MORE COMMENTS AFTER ARTICLE

Iraqi telco Asiacell to launch IPO on Jan 3  By Matt Smith DUBAI | Mon Dec 3, 2012 


Dec 3 (Reuters) - Iraqi telecom operator Asiacell will launch its long-awaited initial public offering (IPO) on Jan. 3, a company spokesman said on Monday, in what is likely to be the country's largest-ever share sale.
Asiacell, a subsidiary of Qatar Telecom (Qtel), aims to sell a quarter of its stock in the IPO and will list on the Iraq Stock Exchange on Feb. 3, the spokesman said.

The company has until Dec. 25 to tell the market regulator the number and price of the shares it wants to sell.

Asiacell - given an enterprise value (equity plus debt) of $4.4 billion in 2011 by brokerage Nomura Holdings - received preliminary approval from Iraqi regulators to launch its share sale in August this year.

Morgan Stanley ceased to be a bookrunner on the IPO in September, signalling it will increasingly rely on local investors.

Asiacell and rival operators Zain Iraq (a subsidiary of Kuwait's Zain ) and France Telecom affiliate Korek had been required to float a quarter of their shares by August 2011 as part of their $1.25 billion licence agreements.

All have yet to do so and the planned share offerings would still be the first major IPOs since the U.S.-led invasion that toppled Saddam Hussein in 2003.

The Iraq Stock Exchange, whose listed stocks have a combined market capitalisation of about $3.7 billion, has a daily share trading volume of around $3.2 million. (Reporting by Matt Smith; Editing by Dinesh Nair and David Holmes) http://www.reuters.c...E8N35TT20121203

NEMESIS760:  Can anyone answer these for me:   Ist the ISX public already?
What is the difference between this and what they currently have??

SANDYF:  Correct on the first and none on the second.

People are making a big deal out of this but it is just normal evolution. The ISX normally closes for a week prior to the year so not surprising it has to be sorted by Dec 25th.

The fact that the ISX will be closed and that Dec 31st is the end of the financial year providesthe best window of opportunity for any significant changes.

Central Bank announces Trath draft deletion of zeros at the request of the Parliament , 5 dec


Alsumaria News / Baghdad
The Central Bank of Iraq, Wednesday, that the project to delete the zeros from the currency will not be in the next year, at the request of the wait made by specialized committees in Parliament.

The governor of the Iraqi Central Bank and the Agency Abdul Basit Turki, in an interview for "Alsumaria News" that "تريثا occurred in the decision to delete the zeros and the currency exchange," noting that "the timing of the start of the project has not been determined until today, but it will not be over the next year 2013 ".

Turki added that "the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament called for the need to wait in the project, so as to provide appropriate time and circumstances."

The Iraqi Council of Ministers decided, in (16 October 2012), the prime BSA Abdul Basit Turki tasks central bank governor agency, meanwhile, announced the Supreme Judicial Council, in (19 October 2012), for the issuance of an arrest warrant for former Fed governor and a number of officials in corruption cases.

He revealed Iraqi Central Bank Governor Sinan al-Shabibi issued an arrest warrant, the (November 6, 2012), on the detention of 20 employee of the bank, demanding release about them, also considered that the bank has refused the government's attempt to dispose of its reserves is the cause of the dispute, stressing that his conflict with the Government policy in the fight against inflation.

The Parliamentary Finance Committee suggested, on August 9, 2012, on the San Attorney Haitham al-Jubouri be direct delete zeros and the currency exchange during the month of July of next year, and as shown, the central bank has removed all fears, it confirmed that the government will support this project after providing Baijayate and disadvantages.

A member of the Economic Commission parliamentary Hussein Mura'bi in (Sept. 23 2012), that the confusion in the monetary policy makes the country lose about eight million dollars a year, while warning that the issue of deletion of zeros will facilitate the mafia money laundering steal billions without feeling state, called to examine the impact on the general situation.

He accused the Central Bank, (12 September 2011), government agencies of obstructing monetary reform and vowed the persecuting, blaming those entities responsible for exposing the financial interests of the country to danger.

Regarded as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011), that the lifting of the zeroes from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering economic, warning of "mafias currency" is preparing to rig the trillions Iraqi dinars to replace them in the light of the upcoming changes.

Noteworthy that some economists believe that Iraq is currently formatted for the deletion of zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability.

http://www.4.hathalyoum.net/iraqnews.php?action=sit&cd=2&sid=99128

Nujaifi: Ki-moon arrives in Baghdad on Thursday; Removing Iraq from Chapter VII on the agenda of his visit, 5 dec


Published on Wednesday, 05 January 1 / December 2012
Said Iraqi Parliament Speaker Osama al-Nujaifi, Wednesday, that the Secretary-General of the United Nations will visit Baghdad from Kuwait tomorrow, hoping that the visit would contribute to ending the outstanding issues between Iraq and Kuwait.
Najafi said that “Ki-moon will visit Baghdad on Thursday from Kuwait,” pointing out that “the visit, we hope to contribute to the Collapse and finish the outstanding issues between the two countries and out of Iraq from Chapter VII.”
To that reported political source for “obelisk”, “The visit of the Secretary-General of the United Nations takes only one day,” noting that “the Secretary-General of the United Nations will meet President Jalal Talabani and Prime Minister Nuri al-Maliki will also hold a joint meeting at the Conference Palace with the parliament speaker and heads of blocs and parliamentary committees. “
The source, who spoke on condition of anonymity, that “the moon would discuss with Iraqi officials in the executive and legislative branches a number of issues, particularly the political crisis in Iraq and the situation in Syria, in addition to the political crisis in the country and the issue of removing Iraq from Chapter VII of the Charter of the United Nations” .
The Secretary-General of the United Almtaaln said in remarks before the visit that “Iraq wants to get out of the provisions of Chapter VII of the UN Charter, but I strongly encourage the Iraqi Prime Minister to speed up the closure of many important files in the fastest time possible.”
The Special Representative of the Secretary-General of the United Nations and head of UNAMI in Iraq Martin Cooper arrived in Kuwait, Tuesday, to post the reception of the Secretary-General Ban Ki-moon, who is visiting Kuwait from Qatar in the territory round include Iraq, Jordan and Turkey.
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A tale of two currency articles: One says currency change coming soon; Other says not in 2013, 5 dec


A tale of two currency articles: One says currency change coming soon; Other says not in 2013

Article 1: Change in Iraqi currencies
Iraq, December 1, 2012
Central Bank adviser Mohammed Saleh, said that the bank is serious in executing the deletion of three zeros from the national currency of Iraq in near future.
Salhan said that it depends on at the present time to shape the next government and parliament two new Saokhman upon themselves determine the mechanism under which the function of deleting the zeros from the Iraqi dinar.
He also said that deleting the zeros would contribute to the reduction of the size of inflation and also to the reduction to the size of money supply in the market of 26 trillion Iraqi dinars to near about 25 billion dinars, pointing that the Kurdish language is going to be added to the new currency as well as English and Arabic.
He added that the huge number of funds traded in the market let to get puzzled in the large commercial transactions and in the work of banks, adding that deleting three zeros from the Iraqi currency will direct to reform the management system of the national currency and thus develop and refresh the Iraqi economy.
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Article 2: Central Bank announces it will scratch the draft deletion of zeros at the request of the Parliament
The Central Bank of Iraq, Wednesday, that the project to delete the zeros from the currency will not be in the next year, at the request of the wait made by specialized committees in Parliament.
until today, but it will not be over the next year 2013. “
Turki added that “the deletion of zeros is a necessary and useful step to restructure the currency and the economy,” noting that “the relevant committees in parliament called for the need to wait in the project, so as to provide appropriate time and circumstances. “
The Iraqi Council of Ministers decided, in (16 October 2012), the prime BSA Abdul Basit Turki tasks central bank governor agency, meanwhile, announced the Supreme Judicial Council, in (19 October 2012), for the issuance of an arrest warrant for former Fed governor and a number of officials in corruption cases.
He revealed Iraqi Central Bank Governor Sinan al-Shabibi issued an arrest warrant, the (November 6, 2012), on the detention of 20 employee of the bank, demanding release about them, also considered that the bank has refused the government’s attempt to dispose of its reserves is the cause of the dispute, stressing that his conflict with the Government policy in the fight against inflation .
The Parliamentary Finance Committee suggested, on August 9, 2012, on the San Attorney Haitham al-Jubouri be direct delete zeros and the currency exchange during the month of July of next year, and as shown, the central bank has removed all fears, it confirmed that the government will support this project after providing Baijayate and disadvantages.
A member of the Economic Commission parliamentary Hussein Hotels Mura’bi in (Sept. 23, 2012), that the confusion in the monetary policy makes the country lose about eight million dollars a year, while warning that the issue of deletion of zeros will facilitate the mafia money laundering steal Billions without feeling state, called to examine the impact on the general situation.
He accused the Central Bank, (12 September 2011), government agencies of obstructing monetary reform and Vowed the persecuting, Blaming those entities responsible for exposing the financial interests of the country to danger.
Regarded as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011), that the lifting of the Zeroes from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering economic, warning of “mafias currency” is preparing to rig the trillions Iraqi dinars to replace them in the light of the upcoming changes.
Noteworthy that some economists believe that Iraq is currently formatted for the deletion of zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability
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