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Sunday, February 3, 2013

FAITH, THE IRAQI DINAR WOULD SOON RETURN TO WHAT IT WAS BEFORE, 4 FEB

[BLUEDOG] FAITH......................"the DINAR traded in global financial directory sites on the recovery of the currency and that there is a future for the Iraqi dinar and would .......SOON RETURN....... to what it was before >>>>>>>>1980<<<<<<< BECAUSE of the GLOBAL DEMAND.... in the...... GLOBAL FINANCIAL MARKETS"....................................................... Said today by ..............The HEAD of the DEPARTMENT of BANKING and Finance Ministry............................... AMEN

THE CURRENCY GAME WILL START TONIGHT, 3 FEB

[TERRYK] MORNING ALL YOU CRAZY PEEPS
[TERRYK] YOU READY FOR THE GAME TODAY
 [TERRYK] I’M TALKING NOT ABOUT THE FOOTBALL GAME EITHER
 [rgone]    Howdy T!    
[TERRYK] I’M HEARING THAT THE CURRENCY GAME WILL START TONIGHT
 [TERRYK] HEY RGONE
[TurboMan]    hello
[TERRYK] I’M HEARING THAT ALOT OF EYES IN THE FAR EAST WILL BE AWATCHIN
 [TERRYK] I HEAR THAT IRAQ IS READY
[TERRYK] I HEAR THAT WE WILL SEE AN RI RATE
[TERRYK] WITH A LITTLE TO ADD
 [TERRYK] I HEAR THAT WE WILL SEE THE VDN 
[TERRYK] I HEAR WE ARE THERE
[TERRYK] THEN I WOKE UP
[TERRYK] WHAT A DREAM
[TERRYK] NO REALLY I HAVE HEARD THAT THIS AM
[TERRYK] CALLS
[TERRYK] HAD TO DO THAT 
[TERRYK] UP AND DOWN THING
[TERRYK] SORRY PENCER
[TERRYK] WHAT A DREAM
 [TERRYK] I’M HEARING THIS PEEPS 
[golferiam]    Is there a difference to us if it is an RI vs an RV/RE?
[TERRYK] THE BALANCE OF THE PACKAGES GO OUT TODAY AND TOMORROW NO LATER THAN WED THIS COMING WEEK IN FULL DELIVERY....
[TERRYK] WITH THAT SAID I HAVE BEEN TOLD THAT THE RV WILL OCCUR BEFORE THE END OF THAT ACTIVITY
[TERRYK] TODAY IS THE 3RD
[TERRYK] THAT MEANS BY THE 5TH
[TERRYK] NO LATER WHICH IS TUESDAY
[TERRYK] BUT I GOT A SNEAKING FEELING AS I SAID LAST WEEK
[TERRYK] WE WILL SEE IT TONIGHT AND HAVE FUN MONDAY
[TERRYK] SO LETS SEE WHAT THE DAY BRINGS
[TERRYK] OFF TO THE SHOWERS IF I GET ANYTHING I WILL BE BACK
[TERRYK] GOD BLESS

Iraqi dinar would soon return to what it was prior to 1980 due to global demand: Banking and Finance Ministry Head, 3 FEB


Iraqi dinar would soon return to what it was prior to 1980 due to global demand: Banking and Finance Ministry Head

Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar
02/02/2013 11:45:00
The head of the Department of Banking and Finance Ministry Hilal Taan diminishing quantities of central bank reserves of gold does not affect the price of the local currency.
He said in a statement to the National Iraqi News / Nina / today: “The basket cash reserve covering currencies do not include the gold only, but depend on the dollar and the pound sterling and the euro, in addition to gold bullion.”
He said: “The Iraqi dinar has been a week before the beginning of the deal by one of the sites of the U.S. because of the high currency reserves to more than $ 67 billion is evidence that the Iraqi currency backed by a strong balance can not be influenced by declining gold bullion.”
He pointed out that “the dinar traded in global financial directory sites on the recovery of the currency and that there is a future for the Iraqi dinar and would soon return to what it was before 1980 because of the global demand in the global financial markets.”
The Iraqi Central Bank denied reports by the media about the low reserves of gold, stressing that it saw stable over the past several months.
He said in a statement yesterday he was “no truth to the news reported by some media on the low bank reserves of gold,” stressing that the reserves now total 29.790 tons.
The International Monetary Fund (IMF) revealed in a report last week, said Iraq cut its gold reserves by a quarter to reach 29.9 tonnes in November 2012, pointing out that the reserves in September and October of last year reached 39.4 tons.

MONDAY EXCHANGE SHOULD START TODAY AT 4 OR 5 PM CST, 3 FEB

[WCW] monday exchange should start today at 4 are 5 pm cst cause it s monday in alstrialia

[cruiser] jetpack because it needed a real value. If not other countries would have come in and bought Iraq. 

[Digs] WCW if it's Monday in Australia.. do they know who won the Game on Sunday?? 

 [greasee5] cruiser exactly, a guy like soros, or others would own the whole country

[jamajacks] Digs That info will be found in the Saturday Evening Post! lol

[okrocks] doneium, richium, gratefulium, funium

[greasee5] okrocks you forgot bankium lol

 [cruiser] greasee5 that is my point. Also why did they not do it on Dec. 25, 2012 and all of the other previous dates if the currency did not matter??

 [greasee5] cruiser right!

 [greasee5] cruiser they needed to wait until value was added

[geoworld] cruiser When I was a DRILL SGT I was a leader and trainer of men--I would really like to retrain the leaders of the Word about Fiat Money :superlachen: :superlachen: 

 [cruiser] greasee5 would seem to be a great coincidence.

[greasee5] cruiser yes that is for sure!

[cruiser] geoworld no need, it will be a thing of the past.

[plastyxman] cruiser with 67.5 billion shares offered how can it be anything but a penny stock. 

 [geoworld] cruiser Think they learned their LESSON?

 [greasee5] cruiser or else like you said, it could have been done anytime before

[cruiser] geoworld no need, it will be a thing of the past.

[plastyxman] cruiser with 67.5 billion shares offered how can it be anything but a penny stock. 

[marmee] I went on CraigsList Iraq and there are no apartments to rent. Darn.

[geoworld] cruiser Think they learned their LESSON?

 [greasee5] cruiser or else like you said, it could have been done anytime before

[2mater] cruiser when this is all over think you could share just what it is you do for a living - curious - you're so conservative

[cruiser] plastyxman that is what is in writing. But could it be not true??? 

[2mater] cruiser forgot to add that i think you're very very smart

[cruiser] 2mater you would be disappointed.

 [cruiser] greasee5 some will alway doubt. Nothing can be done about it. Without the proof they will never believe. It is just human nature.

 [greasee5] cruiser yes of course, hence some live in the show me state lol

 [2mater] cruiser now that's funny

[huntress] good morning all - cruiser i think you are a stock broker lol

 [cruiser] huntress not even close.

BY MONDAY RIGHT?, 3 FEB

[TERRYK] KEEP IT GROUNDED IM WAITING ON A CALL AS WE SPEAK,,,,,,THIS MAYBE THE NIGHT
[TERRYK] I CANT TELL U ANY MORE
[[TERRYK] OTHER THAN SOME ARE CALLING SAYING THEY SEE ACTIVITY
[TERRYK] OVERSEAS
[[TERRYK] SO LETS SEE WHAT THE NIGHT BRINGS
[TERRYK] AND TOMORROW IS SUNDAY
 [TERRYK] FOREX UPDATE
[[TERRYK] I DID SAY BY MONDAY RIGHT
[[TERRYK] SO IM OFF TO SLEEP
[TERRYK] GOD BLESS YOU ALL
[[TERRYK] I DONT CARE IF THEY BASH
[TERRYK] THAT MEANS THEY ARE NOT BASHING SOMEONE ELSE

THE RV HAS OCCURRED BUT HAS NOT YET SURFACED AT OUR RETAIL LEVEL, 3 FEB


[hub] capt ron more than ever...........flashing in the last post above stated he was told it happened thursday,,,,thats exactly what my contact said and he has nothing to do with any chat, blog, or anything here.........so,,,,,his is professional opinion.............

[hub] i misspoke,,,his is not opinion, its his biz to know

[capt ron] I spoke on the phone yesterday with someone from intel4U.....she has a contact at the US Treasury....

[hub] capt ron all ears

[911gts] we in the money soon

[capt ron] ...and that individual is saying 'done'.

[capt ron] There are at least five streams of info (that to me appear to be independent from one another) saying that the rv has occurred but has not yet surfaced at our retail level.
[hub] capt ron as much as you travel, you know currencies all over this world revalue everyday,,,,,the $ changes 2 or 3 times a day, so this is not an unusal occurance, it just has never involved people such as us , not on a financial scale like this is expected to do,,,,so , this is normal,,and bring on normal.............

capt ron] It could be that all five are mistaken or will be surprised by some unknown new sand in the gears, but absent that, we sure seem to be there.

 [hub] capt ron i believe that 100% that we are there...

[911gts] from what i hear, no stopping the rv express

[Plowboy] 911gts woo hoo

ANALYSIS OF SHREDD, 3 FEB


[Shredd] ok, so i have a topic for discussion what denominations are the reserves in, dollars or dinar

[lightingcslt] Shredd dollars

[Shredd] ok, bring in your supporting proof

[tlm724] Shredd that exceed (70) billion U.S. dollars.

[Shredd] tlm724 tyvm

[lightingcslt] Economist: crisis regions of the dollar and the euro will not affect the value of the Iraqi dinar Follow-up - and babysit - ruled out economic expert Abdul Sattar al-Hashemi, influenced by the exchange rate of the Iraqi dinar fluctuations in global markets in America and Europe.

Hashemi said: The Iraqi dinar is immune from the global economic crisis will not be affected because it covered with large cash liquidity of hard currency that exceed (70) billion U.S. dollars.
  He added: that the exchange rate of the dinar began improving and recovering from what it was in the past, especially after the necessary procedures and necessary taken by the central bank on how to balance market in dollar amounts raised through the auction sale of hard currency. He continued: as well as making a new policy to keep gold and this is what would be a safe haven to keep the money and to support the Iraqi dinar  : LINK

[Shredd] ok, so tlm724 if the reserves are in dollars,when the exchange exceeds the dollar the cbi stands to gain from the premium in the exchange, right?

[lightingcslt] yes

[tlm724] a tremendous amount Shredd

[Shredd] tlm724 yes, so might this fact be a motivation when it comes time to pay the imf ?

[lightingcslt] the 23rd i beleive

[tlm724] Feb 23rd is when the first payment is due $123 million dollars

[Shredd] tlm724 a drop in the bucket really

[tlm724] its pocket change shredd

[Shredd] right, in today's value so, sure the expense would be much smaller, but the motivation for the exchange to swing above the dinar wouldn't really matter too much to be before this payment is due, right tlm724 ?

[tlm724] correct

[Shredd] right, so all the hubub about a revalue before the 23rd has little credibility right? tlm724

[tlm724] well i am still thinking about that, maybe we can expound on that

[Shredd] i'm just working through it in my head, that's all

[tlm724] ok Shredd lets talk through it but i can see your point

[Shredd] the fact remains that a higher exchange than par would economically benefit the cbi, i think we both agree to that

[tlm724] yes

[Shredd] but the "bill" to the imf is sort of small

[tlm724] it is small comparatively speaking

[Shredd] right, but will the due date and the amount be a motivator, i guess that's the question

[Shredd] now, the arguement might be easier to be made for the UNAMI protection date

[tlm724] Shredd i don't believe the amount is the issue

[campdav] Shredd IF I might say that the SBA had a stipulation in addition: it was so they could adjust their exchange rate in addition to.......................

[Shredd] tlm724 right, can't be

[tlm724] Shredd and never was

[Shredd] right, so a non-issue

[tlm724] Shredd one motivation that people overlook is Iraq becoming a donor country also

[Shredd] right, an eventual donor

[Shredd] so on to May, not sure how much of a potential loss/expense iraqi may have once the protection is removed but that date may be a good motivator to enhance the strength of the reserves

[lightingcslt] Shredd yes so they do it before then and the sooner the better to make more

[Shredd] [campdav] Shredd IF I might say that the SBA had a stipulation in addition: it was so they could adjust their exchange rate in addition to....................... can you bring that in?

[Shunshine] How can they be movitated if they have no protection?

[Shredd] Shunshine well, if they have a potential expense for lawsuits, leins, etc.....they may want their reserves in dinar to exceed what they have in dollars

[lightingcslt] Shredd i thought they were exonorated from most of them

[Shredd] debts, yes

[Shunshine] So does this mean there is still money left for them to use,if need be.

[Shredd] Shunshine at the time of the extension, yes

[Shunshine] ok ty

[Shredd] tlm724 the cbi confirming their gold reserves was interesting

[rsp1] why's that?

[tlm724] Shredd yes

[Shredd] rsp1 part of reserve wealth and not subject to fiat exchange

[tlm724] Shredd let me show the official announcement from CBI

[rsp1] Shredd What is a fiat rate?

[Shredd] fiat is paper money not based on amount of gold to back it

[rsp1] ty

[tlm724] The Declaration on official news agency SANA quoted the media about the decline in gold reserves Iraqi Central Bank A declaration issued by the Iraqi central bank media reported on the low (gold reserves Iraqi Central Bank thus confirms the Iraqi central bank that Its reserves of gold witnessed stable past months are now to 29, 790 tons, so necessary to note ) Iraqi Central Bankhttp://www.cbi.iq/documents/Announcemen31-1-2013.pdf     LINK

[Shredd] Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves, ie gold.

[tlm724] brb going to get that IMF article

[Shredd] ok, ty

[lightingcslt] Shredd is that what they have?

JD/Baghdad/...The IMF announced on his agreement with Iraq which repaid its extended seven months until 23 February 2013 so that the Iraqi Government has implemented a series of measures in the country's exchange rate system.

The IMF statement that "changes the agreement expired on 23 July last was at the request of the Iraqi Government." "The total funding available for Iraq around 1.96 billion dollars.

The IMF Executive Board had approved on 24 February 2010 SBA contract for two years worth 38 billion SDR "about 58, 3 billion dollars and approved the extended for five months until July 2012 with the modification of Exchange based on a shift in funding needs.

The total resources currently available to Iraq in light of the agreement to the equivalent of 24, 1307 SDR "about 96 billion dollars. /Finished/22/ http://www.microsofttran/ ··· D%3D1450

[tlm724] so that the Iraqi Government has implemented a series of measures in the country's exchange rate system.

[Shredd] with the modification of Exchange based on a shift in funding needs

[lightingcslt] Shredd your take?

[Shredd] clear as mud lol, lets see what the google one is... and maybe compare  maybe it means the exchange of the original date to the new date or since it's capitalized  perhaps it is referring to the monetary policy and exchange of currency since it refers to shift in funding needs  but shift in funding needs i think is the direct object back to the shift in dates

[tlm724] google translation

[tlm724] The International Monetary Fund announced on arrival at an agreement with Iraq which extended its loan seven months until 23 February 2013 to the Iraqi government can implement a range of measures in the exchange rate regime in the country.

A statement to the IMF that "changes to the agreement which expired on July 23 last was at the request of the Iraqi government." The statement added that "the total available funding for Iraq amounts to about $ 1.96 billion."

It is noteworthy that the Executive Board of the International Monetary Fund had approved 24 February 2010 on the agreement Stand for two years worth 38.2 billion SDR "about 58.3 billion dollars," also agreed to extend it for five months until July 2012 with modified exchange based on the shift in funding needs ..

 The total resources currently available to Iraq under the agreement to the equivalent of 24, 1307 million SDR "about 96, 1 billion dollars." / End / / 22

http://www.dananernews.com/News_Details.php?ID=1450

[lightingcslt] he Iraqi government can implement a range of measures in the exchange rate regime in the country

[anthonlcs1] tlm724 So is this an old article?

[tlm724] August 4, 2012 but it applies now

[Shredd] so to me, the IMF extended the agreement and modified the dates based on the shift in their funding needs.   because it has to do with the stand by arrangement due on 2/23

[lightingcslt] Shredd well yes

[Shredd] we're just getting hung up on the usage of the word exchange, wish we could isolate that arabic word in the original text and see synonyms

[tlm724] Shredd let me try

[Shredd] its good to disect this and come to a unified position!

[lightingcslt] Shredd i agree exchange means different things

[anthonlcs1] lightingcslt so why is this article significant..if it is....still confused..

[lightingcslt] anthonlcs1 we are disecting it

[anthonlcs1] lightingcslt ok ty

 [Shredd] With adjustable exchange on the basis of the shift in funding needs.... now this is interesting notice the new word adjustable that comes from the original text hmmmmm i like this more

[tlm724] translation = withdraw, put out, turn away, vent, pay, pay away, receive, resolve, count, double, shrift, groan, earn, creak, scrape, dismiss

[Shredd] tyvm Miss T

[tlm724] all from one arabic word

[Shredd] so, see how NONE of the words mean an actual exchange

[lightingcslt] or pay away

[Shredd] or anything like a change hmmm, surprising

[lightingcslt] Shredd yes

[Shredd] but the word adjustable in front of it from the original phrase i pasted above then it brings a bigger meaning

[Shredd] an adjustable pay, an adjustable receive so on

[Shredd] well, it's cryptic at best, but could mean more than just a date extension

[RickeyT] Shredd If you bring in U.S. dollars, they adjust the currency to dinar, if you take out U.S. dollars, they adjust the currency given back based on the value of the dinar?

[Shredd] RickeyT well, not knowing who "they" are, the reserves are in dollars

[Shredd] and the conversation was about when the dinar exceeds the value of the dollar ,the exchange in the reserves would gain yes  this is why we have such a great group  we dont take assumptions, we dig and learn! love it

[tlm724] Shredd tyvm for showing several different sides on these topics