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DINARESGURUS.BLOGSPOT.COM_________________

Sunday, December 16, 2012

I BELIEVE WE ARE COMING TO THE END POINTING FOR SOMETIME AFTER FIRST OF YEAR, 17 DEC

michigander0131] )CBI Board permits the CBI governor power to raise the value of the dinar Posted: December 16, 2012 in Iraqi Dinar/Politics Sunday, December 16, 2012 Council authorized the management of the Central Bank of Iraq the new governor Abdul Basit Turki powers raise the value of the Iraqi dinar against other foreign currencies early next year announced his intention to raise the value of the dinar against the dollar from 1120 dinars to the dollar to thousand dinars, in preparation for a project to replace the currency currently in circulation with new ones after deleting three zeros .
http://alhayat.com
[Dee1031] michigander0131 so is this article saying beginning of Jan?
[michigander0131] Dee1031 looks like sometime first of year/ what ever they mean by early next year
[michigander0131] either way / I believe we are coming to the end 
[michigander0131] thats all i wanted to share good article still pointing for sometime after first of year //
[angellite] Was there a date that said prior to Feb 25? Or did I make that up?
[michigander0131] angellite well the iraqi stock exchange wants to go international in february //so in order for that they should have a currency worth something i would think

DINAR GURUS UPDATE, 16 DEC

12-16-2012  Newshound Guru SWFloridaGuy    this coming Tuesday (12/18) the UNSC has scheduled a consultation regarding Iraq's continued commitment to full implementation of its outstanding obligations under the relevant Chapter VII UNSC resolutions. This could just be a formality and nothing of any importance. I only give this some credence because just two weeks ago the council members reaffirmed the importance of Iraq achieving international standing equal to that which it held prior to the adoption of resolutions pertaining specifically to it.

12-16-2012  Intel/Newshound Guru Poppy3    GLORY GLORY GLORY !!!!!!!!! The courts now have passed the laws where if MALIKI is voted out he can't delay everything by filing a suit against his removal ... This is a obstacle we would have surely faced if they had voted him out prior to this. With this news and the ERBLE agreement to be voted on Monday which will remove about 2/3rds of maliki's power things are looking very good right now. THEY APPEAR TO HAVE A URGENCY TO GET EVERYTHING COMPLETED AS FAST AS POSSIBLE.  I AM REALLY GETTING EXCITED. This is huge great news for all of us, glory glory glory .

12-16-2012  Newshound Guru Kaperoni  I had a long conversation over the float with the facilitator back a few months ago, i wish i could say more, but they assured in all aspects that a free float would be just fine for Iraq...what I learned and been taught is the dinar will free float from where it is now as they say by.."market forces".   I dont know if it really matters to us.  Like I said, i dont care how they do it, as long as its going up.   And the good news is, it seems that is about to happen.

12-16-2012  Newshound Guru Enorrste   Article:  "Received the Commander in Chief of the armed forces of Prime Minister Nuri al-Maliki written questions from the parliamentary committee responsible for investigating suspicions of corruption in the arms deal from Russia."  This could be the crack in the dam for Maliki if it can be shown that he was involved directly in the corruption.  It could well lead to impeachment hearings against him.  Time will tell.

12-16-12   Newshound/Intel Guru BGG   Article:  "Rikabi: National Meeting became an urgent national need and on the political parties to sit at the dialogue table"  It’s good there is finally some talk of a National Meeting again – really good news!!

12-16-2012  Intel Guru TerryK   SO YOU ALL READY FOR THIS TO HAPPEN.  IM HEARING GREAT STUFF.  GOT A CALL THIS AM THAT THIS...HAS BEEN SIGNED OFF TODAY AND THIS IS A IRAQ PERSON SAYING THIS TO ME.  WHAT IM HEARING IS THAT WE ARE TO SEE IT TOMORROW [SUNDAY] NIGHT ...TREAT IT AS RUMORIT IS TO BE ON FOREX ABOUT 7, FOREX IS ON AT 5, BUT NOTHING REALLY UPDATES UNTIL 7...BUT DONT TRY TO GET TECHNICAL WITH A TIME... ITS GOING TO HAPPEN AT NIGHT.  [do you know if it's going to be free float or managed on the iqd]  free float, what i was told yesterday.   im hearing 1 to 1, 25k note = 25,000 usd.

ALOT OF THE PP HAVE BEEN PAID LAST NIGHT AND THIS AM, TONIGHT IS THE NIGHT, 16 DEC

[TERRYK] SOURCE JUST CALLED.
[TERRYK] THE CALL I HAVE BEEN WAITING FOR.
[ok2bhappy] So updating currencies by 7:00 pm east 4:00 pacific ? Maybe
[TERRYK] ALOT OF THE PP HAVE BEEN PAID LAST NIGHT AND THIS AM.
[TERRYK] THEY ARE EXCITED AND TELLING ME IF THERE IS A NIGHT FOR THIS TO HAPPEN
[TERRYK] TONIGHT IS THE NIGHT.
[TERRYK] THERRE
[TERRYK] BAMMMMMM
[tina] we pray
[TERRYK] OK ALL I WILL BE BACK LATER, GOT TO GET SOME WORK DONE.
[TERRYK] GOD BLESS YOU ALL.

Iraq: the Central Governor authorization validity lift «» dinar, 16 DEC

Iraq: the Central Governor authorization validity lift «» dinar


Baghdad-Naseer goldfinch Sunday 16 December 2012 Authorized the Board of Directors of the Central Bank of Iraq Governor Abdel Basset Turki new powers to raise the value of the Iraqi dinar against other currencies early next year, after the former Governor Sinan Al-Shabibi judicial supplements these powers and mechanisms against the law and harmful to the economy of Iraq.

The «Central» mid-year announced its intention to increase the value of the dinar against the dollar from 1120 DT dollars to 1,000 dinars, the currency exchange project is new after deleting three zeros. The judiciary issued on 19 October last year an arrest warrant against Al-Shabibi and senior bank staff in corruption.

Al-Shabibi said in a media statement that "these powers are not given to one person to decide what he wants, but should examine issues relating to monetary policy, including reducing the dollar, as well as prices and inflation, and taking into account the price and exchange rate developments in local markets. He said the Bank's Board of Directors decides the policy after examining carefully as the top of the Bank and not the Governor.

Prime Minister Nuri al-Maliki confirmed on 5 November last the big warheads will fall in the Central Bank issue, pointing out that he is not acting Iraqi funds and no information on their size or places of deposit. Turkish replied exclusives Al-Shabibi said the Bank Act permits the Governor in Council as the Chief Executive Officer shall conduct the day-to-day operations».

He Economist Imad Al Aboud told Al Hayat that "most observers of the central issue of corruption have a presentiment of the results of investigations by the Parliamentary Committee, fearing procrastination as its predecessors. He added: "the investigation leaked to the media revealed some very important facts, including the dominance of 10 civil banks only on selling and buying dollars in the Bank to auction their drawns during the past eight months to about $ 30 billion, pointing to «other no less important breaches included within the investigations, including fake transfers approximately $ 56 million for specific companies, but without identifying who was behind these companies or banks.

Asked about raising the value of the dinar, he stressed that "everyone knows that the value of a country's currency is determined by global markets the central controlling Commander talmserf on hard currency coming into the market and prices».

Al Aboud said the Central Bank and Government officials in their efforts to enhance the value of the dinar, stressing the need to have real value, not just numbers has no effect, what is the point of raising the value of the dinar while the purchasing power per capita will remain unchanged or will be.

And invited the parliamentary Economic Committee member Nora Al Salem to include lifting the value of the dinar currency replacement project to be started next year, confirmed for «life» to «no central action is a storm of objections and turn things to exchange accusations politically exploited, and thus can be referred to Parliament for feedback and approval».

And effectively raise the value of the dinar, stressed that ''the Iraqi citizen is looking for numbers rise and fall, but what is the use of what most important to restore the purchasing power of the dinar, against inflation of the economy during the past few years. The «very expensive rates spiked and consumer response is difficult, and negatively affected the food basket, any increase in salary rates plunging prices, thus moving the proceeds only to secure a living».
Link

RAISING THE VALUE OF THE IRAQI DINAR EARLY NEXT YEAR (2013), 16 DEC

12-16-12 WheresMyRV: Iraq - Permit the governor the power to raise the value of the dinar. "Council authorized the management of the Central Bank of Iraq the new governor Abdul Basit Turki powers raise the value of the Iraqi dinar against other foreign currencies early next year."

12-16-12 SDM22: Ground is prepared for the process of lifting the zeros from the currency in 2013. "The officials at the central bank, as well as some politicians and economists, urged the government to delete the zeros from the currency, and the issuance of a new currency denominations large cash, in addition to a small Coins."

"Observers say the government really intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar, but economists played down the importance of this step, considering that the cost of raising the zeros will be greater than the benefit expected from the lifting of zeros."

Tamimi said in a press statement that “the process of lifting the zeros from the currency in 2013 depends on the nature of the policy of the new central bank governor,” adding that “according to the previous vision of the bank is supposed to be raised.”  


12-16-12 Highlander: "The governor of the central bank of Iraq was given the power to cut the sell price of USD by the board of directors of central bank. This will increase the value of IQD in the market."

It is possible that they are talking about ways to bring the market value of the dinar in line with the set exchange rate of the CBI. We will just have to wait and see as all week they have been talking about adjusting of the auctions in these articles and who can participate as well which would bring more competition to the market which will lower the spreads and effectively move the street value while the exchange rate set at the CBI stays right where it is.

WE ARE TO SEE IT TOMORROW NIGHT, 16 DEC


TERRYK] GUESS THE BOSS HAS TO COME IN TO WORK

 [TERRYK] WHATS UP ALL

 [TERRYK] HAPPY SATURDAY TO YOU ALL

[TERRYK] SO YOU ALL READY

 [TERRYK] FOR THIS TO HAPPEN

 [TERRYK] IM HEARING GREAT STUFF

 [TERRYK] PACAKGES BEING DELIVERED

 [TERRYK] TODAY

 [TERRYK] GOT A CALL THIS AM THAT THIS HALL HAS BEEN SIGNED OFF

 [TERRYK] TODAY

[TERRYK] AND THIS IS A IRAQ PERSON

 [TERRYK] SAYING THIS TO ME

[Jamaica30] So we there tomorrow?

 [TERRYK] WHAT IM HEARING IS THAT WE ARE TO SEE IT TOMORROW NIGHT


 [THJ] TERRYK Have ya heard anything about the Global Settlements?

 [TERRYK] TREAT IT AS RUMOR

[JAD] TK is that from a strong contact?????

 [TERRYK] YES IT IS

 [TERRYK] HEY SHELBY

 [TERRYK] THIS WAS A GLOBAL SETTLEMENT PP

 [TERRYK] THEY ARE OUT

 [TERRYK] TODAY AND TOMORROW

 [TERRYK] IS WHAT I WAS TOLD

 [TERRYK] BUT WHO REALLY KNOWS RIGHT

 [TERRYK] BUT ONE THING FOR SURE

 [TERRYK] IM GOING TO MISS COMING TO THIS SITE TO SAY HELLO

[TERRYK] I HAVE A BUNCH OF VETS I SPOKE WITH LAST WEEK

 [TERRYK] THEY ARE ALL CRANKED UP

[TERRYK] MAYBE THAT WILL GET THEM OFF OF CENTER

 [TERRYK] AND LET THIS HAPPEN

 [TERRYK] BUT WHAT IM HEARING IS THIS LITTLE RUMOR

 [TERRYK] IF THIS IS HELD OFF FOR ANOTHER TWO AND A HALF WEEKS IT FALLS INTO THE NEW YEAR

[TERRYK] THEN O HAS THE FULL YEAR TO GET HIS 40% ON CAPITAL GAINS TAX LAW IN PLACE

[TERRYK] AND THEN IT CAN BE RETROACITVE

 [garfield]    - excellent work thank you, any idea where it will show tommorow night or just by word of mouth

[TERRYK] IT IS TO BE ON FOREX ABOUT 7

[TERRYK] FOREX IS ON AT 5

[TERRYK] BUT NOTHING REALLY UPDATES UNTIL 7


[garfield]    - thanks Terry are you burned out yet

[TERRYK] I AM

[TERRYK] BUT HANGING IN THERE

[TERRYK] THATS WHY IM NOT ON AS MUCH

[ok2bhappy] 7 eastern?

 [TERRYK] BUT DONT TRY TO GET TECHINICAL WITH A TIME

[TERRYK] YOU CANT DO ANYTHING WITH IT ANYWAY

[TERRYK] UNTIL THE NEXT DAY

[TERRYK] ITS LIKE PEEPS WANT A INSTANT TEXT

[TERRYK] WHY

[TERRYK] ITS GOING TO HAPPEN AT NIGHT

[TERRYK] MOST DO IN THE AM TIME FRAME

 [TERRYK] IM SO READY FOR THE NEXT CHAPTER

[TERRYK] I THINK IM GOING TO SLEEP FOR A WEEK

[TERRYK] GETTING OVER THE FLU THING I THINK

 [BBADriver] not sure, think that yesterday kinda dampenened a lot of spirits

[kmiller68] just waiting for you to call it

[TERRYK] YEA I THOUGHT IT WAS FUNNY THE OTHER DAY

[TERRYK] I WAS READING THIS POST ABOUT OKIE

[TERRYK] AND HOW LONG HE HAS BEEN AT THIS

[TERRYK] AND HOW SOLID AND BLA BLA BLA

[TERRYK] THRU THICK AND THIN

[TERRYK] AND I LAUGHED

[TERRYK] IF HE WENT THRU WHAT I HAVE GONE THRU

[TERRYK] AND WITH THE THREATS

[jasme56] your skin must have toughened up by now terry k

[TERRYK] IT MAKE ME CHUCKLE

[TERRYK] IT USED TO BOTHER ME

[THJ]    Sort of like that makes three of us. Remember the DV days?

[TERRYK] WHAT OTHERS SAID AND DID

[TERRYK] IT JUST BOUNCES OFF NOW

[TERRYK] AND VISION

[TERRYK] AND NOW I PRAY FOR THOSE THAT POUNCE

[TERRYK] AND JAB

 [TERRYK] YEA THAT SITE RECURITED ME FROM ANOTHER

[TERRYK] BUT ITS ALL GOOD

[TERRYK] ADAM TRIED

[TERRYK] ADAM MEANS WELL

[TERRYK] STARTED OUT SAME PATH, BUT LIKE US THERE IS A COST WITH DOING THESE SITES

[TERRYK] I JUST DECITED TO PAY FOR IT OUT OF MY POCKET

[TERRYK] WHERE HE CHARGES FOR THINGS

[THJ]    When did Oike start at Frank26 site?

 [EnoughAlready] Between you and AQ the intel being provided is Sound!!

 [TERRYK] I DONT KNOW HER

[TERRYK] I TEND NOT LOOKING AT OTHER INTEL..

 [TERRYK] I DONT WANT IT CROSSED

 [TERRYK] I WAS ASKED TWO DAYS AGO

[TERRYK] I WAS SIGNING SOME CONTRACS

[TERRYK] CONTRACTS

[TERRYK] AND THEY SAID MAN YOU BETTER GET YOUR SIGNATURE DOWN

[TERRYK] I SAID WHY

[TERRYK] PICTURE SIGNING POST RV

[TERRYK] I LAUGHED

[TERRYK] BUT THEN THOUGHT YOU KNOW THEY HAD A POINT


 [EnoughAlready] I'm seeing on the UN web site they did a update sf 05:00 this morning, do they update 7 days a week? Sorry if thus was asked previously

[TERRYK] I HAVE BEEN TOLD THAT YES THE UN SITE DOES A FREQUENT UPDATE

 [Gullwing]    Just think your not here by chance, but by God's choosing. His hand formedyou & made you the person you are. He compares you to no one else-. You are one of a kind. You lack nothing that his Grace can't give you . He has allowed you to be here at this time in history to fullfill HIS SPECIAL PURPOSE for this generation !! Pls. ecuse the cap's

 [firecarl] it's going be some crowing eating if this week falls apart ... off to Palm Beach ...see ya...

[TERRYK] I DONT EAT CROW FIRECARL

[TERRYK] I PASS ON WHAT I GET

[TERRYK] AS I GET IT

[TERRYK] IF ITS NOT TO YOUR LIKING ,

[TERRYK] THEN GET IT SOMEPLACE ELSE

[TERRYK] BUT I ASSURE YOU THIS

[TERRYK] YOU WILL GET THE SAME ELSEWHERE

 [TERRYK] PULL UP A SEAT

[TERRYK] COME ON IN

[TERRYK] THE SOUCES ARE WHAT THEY ARE

[TERRYK] THEY GET INFO

[5:23:48 PM] Bud Atkins (BBADriver): [TERRYK] THAT IM SURE PUT THEIR SPIN ON THINGS

[TERRYK] BUT I PASS ON WHT I THINK IS THE CURRENT

[TERRYK] YOUR ALL ADULTS

[TERRYK] TAKE WHAT YOU WANT

 [EnoughAlready] I met with my CPA this afternoon (he holds IQD and VND) and he stated for probably the 10th time there will be NO TAXES on the exchange. He also stated people thinking they can escape StateInvime Tax be ayse there going to a state to Exchange currency that has no State Income Tax is just bad intel there receiving.

 [TERRYK] I WILL SAY THIS

[TERRYK] I USALLY HAVE 3 COMPUTERS GOING THE NEWS, INTERNATIONAL RADIO AND TWO PHONES PLUS MY CELL GOING

[TERRYK] SO YOU CANT SIT THERE AN GO MAN THIS GUY SUCKS

[TERRYK] IM TRYING

[chrivers] is tonight what u r hearing or r we gonna have to wait til Monday?

[terryk] no chrivers sunday

[terryk] im hearing its all done

[terryk] waiting for something to say go

[terryk] or someone

[terryk] rates are what they are

[terryk] they are all over the place


[chrivers] ok... but not just to show on forex, right? Banks first...

 [terryk] well we are fast approaching 100,000 registered memebers

 [superdj567] tk..do you know if it's going to be free float or managed on the iqd

[terryk] free float

[terryk] what i was told yesterday

 [terryk] why i told you the blessing may come out small

[terryk] but will rise fast


 [chrivers]  so we should sit on it if it if comes out small??

[Midnight Blue] tk, you seem to have a high level of confidence tonight. Do you?

[terryk] i would cash a little to get heatlth

[terryk] then play it

[terryk] its always going to be strong

[chrivers] so even small is gonna be good..

[terryk] im heariing 1 to 1

[chrivers] nope, not gonna happen

[terryk] 25k note = 25,000 usd

[chrivers] higher....

 [chrivers] at least kuwaits or better!!

[terryk] hope your right chrivers

 [chrivers] trust me on tht one!!

[iamsoready]  would it be safe to hold iqd instead of putting it all in us $ ?

[Midnight Blue] tk, do you think it will start rising before end of year,so we still can get better rates and lower capital gains tax?

[terryk] i have the projected rate chrivers which should be real

 [terryk] but im telling you what they are toying with [terryk] and im getting this from way up [bbadriver] no tina, only last nite late

[terryk] they want to flush out trillions of dinar first

 [duffy2] tk: FootForward has always said that he has seen the U. N. document that states that Iraq has to have at least a 1 to 1 rv or higher in order to get released from Chapter 7. Have you heard that too??

[chrivers] well that might be the case, but it won't remain there then

[terryk] yes duffy

[terryk] that is the lowest

[chrivers] what about vnd??

[duffy2] There are several now saying they are hearing no tax at all. Currency to Currency. and Kuwait had no taxes on their rv. So, maybe they are correctg!!!!! Topic: our hearts and prayers go out to the families of the ones lost this week

[terryk] duffy i have been saying that for years [terryk] its a currency exchange

 [chrivers] agree with u totally!!! What about vnd,   ??

[terryk] chrivers i think its going to be over 2

[terryk] right now its showing at .478 [terryk] everywhere but forex

[duffy2] Even though you are seeing .478???

[terryk] yep

[chrivers] so the vnd would be higher than the iqd?? Doesn't sound right... but i def will take tha 2.00!!! 

[terryk] you not understanding what im saying chrivers

[chrivers] i think at laest 1.12

[terryk] your going bla bla bla in your head

[chrivers] i know atfirst dear...

[chrivers] no i'm not!

[terryk] ok sit back

[terryk] understand

[terryk] ok put a towel in your hands

[terryk] i would have said mouth

[terryk] the vdn is not a rv

[terryk] the vdn is traded and sold now

[terryk] at wf [terryk] this would be a adjustment

[terryk] the dinar would be a rv with a float

 [terryk] based on investors driving it

 [terryk] but if the vdn came out at .05 im good with that too

[terryk] the vdn used to be @2.22


 [chrivers] what tha heck does that have to do with the value??? Value is value!!

[terryk] years ago

 [terryk] no not really chrives

[chrivers] and a reevalution is just an adjustment, the same as the other 195 countries reevaluating!!!!!!!

[terryk] there is a difference

[happyjack]  TRUE.....BUT i also think the chinese have helped keep their currency LOW....DUE to contracts

[terryk] depends on how you look at val

 [terryk] depends on how you look at value

[terryk] and what the value really is

[chrivers] no not Coming out!! It's already out, remember??

[chrivers] i'm not an idiot, and i was just making a remark about the iqd not coming out at 1 to 1...

[terryk] are you smoking gator tail chrivers

[chrivers] it's value will far surpass that of the VND.... fact

[chrivers] and Nope, i'll leave that to u!! toodles :)

[terryk] that is true the key word is surpass

[BigEngine]  You've been waiting for the blessing just like us. What is your gut feeling about your sources rumor about tomorrow night?

[terryk] i feel good about it

[terryk] just got off the phone a bit ago and everything is set

[terryk] so we wait

[terryk] ok all i gotta run

[terryk] i will be on later to chat tonight

[terryk] lets say around 9 pm central

[terryk] maybe we can do a q&a

[terryk] q&a thing

[terryk] god bless you all

[terryk] later

[terryk] rebel you and bba have the room

Finance Member: Lifting of the zeros in 2013 depends on policy of new CBI Governor, 16 DEC


Finance Member: Lifting of the zeros in 2013 depends on policy of new CBI Governor


Sunday 16 December 2012
Parliamentary Finance: ground is prepared for the process of lifting the zeros from the currency in 2013
Ruled out a member of the parliamentary Finance Committee, Majida al-Tamimi, the lifting of the zeroes from the currency in 2013, noting that “the earth is ripe for replacement.”
Tamimi said in a press statement that “the process of lifting the zeros from the currency in 2013 depends on the nature of the policy of the new central bank governor,” adding that “according to the previous vision of the bank is supposed to be raised.”
She pointed out that for its “not arrive until the day the book from the central bank about the process of lifting the zeros or postponed,” pointing out that “the ground is prepared for the process of lifting the zeros from the currency, especially if there is fear from entering the currency forged and replace currency original thus happens inflation allowance reduce Trading. “
The Cabinet decided in its meeting held on April 10 last patient in the application process of deletion of zeros from the national currency until further notice
Alternation Article:
Parliamentary Finance: ground is prepared for the process of lifting the zeros from the currency in 2013Sunday, December 16 1 / December 2012 06:01
Excluded by the parliamentary Finance Committee, Majida al-Tamimi, the lifting of the zeroes from the currency in 2013, noting that “the earth is ripe for replacement.”
Tamimi said in a statement told all of Iraq [where], “The process of lifting the zeros from the currency in 2013 depends on the nature of the policy of the new central bank governor,” adding that “according to the previous vision of the bank is supposed to be raised.”
She pointed out that for its “not arrive until the day the book from the central bank about the process of lifting the zeros or postponed”, drawing attention to the “ground is prepared for the process of lifting the zeros from the currency, especially if there is fear from entering the currency forged and replace currency original thus happens inflation allowance reduce trading. “
The Cabinet had in its meeting held on April 10 last patient in the application process of deletion of zeros from the national currency until further notice.
The Central Bank of Iraq, and on the lips of bank adviser appearance of Mohammed Saleh, has confirmed to [where] the need for Iraq to process administrative reform of the currency cash, and that the project to delete the zeros is a step comes as part of the country’s need to process administrative reform of the currency, in order to reduce the cost of cash transactions in the economic process, in addition to the need to provide small denominations coins used in daily circulation of small transactions.
The officials at the central bank, as well as some politicians and economists, urged the government to delete the zeros from the currency, and the issuance of a new currency denominations large cash, in addition to a small Coins.
Observers say the government really intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar, but economists played down the importance of this step, considering that the cost of raising the zeros will be greater than the benefit expected from the lifting of zeros.