Thursday, January 21, 2010
DAVEP POST - Dinar Vets 1/21/10
The person who convinced me to invest in dinars is a "quasi" expert on Iraq. He told me today, his opinion of course, Shabibi has adjusted the exchange rate every year for the last 5 years, last year on Jan 17. He will adjust the exchange rate again. This adjsutment will be in the next few days...probably before the end of the month... so ..will he adjust it the standard 10-15% he has done the last 5 years....according to my friend, probably not...due to budget concerns, and other issues discussed in this forum, an exchange rate adjustment is not strong enough for the situation as it exists today. An RV is necessary...somewhere in the $`1-$1.50 range...now...this is one man's opinion who has insight and information concerning the issues...however...it is no more valuable than perhaps yours....but I trust his judgement.
FED TO END OVERSEAS DOLLAR 'SWAPS'
JANUARY 21, 2010, 2:47 P.M. ET.
By JON HILSENRATH
The Federal Reserve is on track to end a program, begun during the financial crisis, that provides U.S. dollars to institutions overseas through foreign central banks.
In the depths of the crisis, the Fed shipped more than $500 billion overseas through arrangements with other central banks, in exchange for their currencies. Such lending is down sharply and officials expect to end the program according to plan on Feb. 1.
As of January 13, the Fed held $5.9 billion in dollar "swap" agreements with foreign central banks, down from $63 billion in early September and $583 billion in late December 2008 as the financial crisis was worsening.
Before the crisis, many foreign financial institutions depended on short-term money markets to borrow dollars to fund their holdings of U.S. dollar assets, like mortgage-backed securities. These markets froze when the crisis hit and many foreign banks and investors found themselves short of the dollars they needed to finance their holdings.
The central banks stepped in, with the Fed offering dollars to foreign central banks like the Bank of England and the European Central Bank, which in turn lent dollars to financial institutions in their local markets. The move helped to stem the credit-market panic.
The Fed said in December it was "working with its central bank counterparties to close its temporary liquidity-swap arrangements by February 1." With the Fed's next policy meeting coming on Tuesday, Jan. 26th, and Wednesday, Jan. 27th, it is likely to formally announce plans to shut the program down.
http://prudentinvestor.blogspot.com/2010/01/wsj-fed-to-end-dollar-swaps-with-other.html
By JON HILSENRATH
The Federal Reserve is on track to end a program, begun during the financial crisis, that provides U.S. dollars to institutions overseas through foreign central banks.
In the depths of the crisis, the Fed shipped more than $500 billion overseas through arrangements with other central banks, in exchange for their currencies. Such lending is down sharply and officials expect to end the program according to plan on Feb. 1.
As of January 13, the Fed held $5.9 billion in dollar "swap" agreements with foreign central banks, down from $63 billion in early September and $583 billion in late December 2008 as the financial crisis was worsening.
Before the crisis, many foreign financial institutions depended on short-term money markets to borrow dollars to fund their holdings of U.S. dollar assets, like mortgage-backed securities. These markets froze when the crisis hit and many foreign banks and investors found themselves short of the dollars they needed to finance their holdings.
The central banks stepped in, with the Fed offering dollars to foreign central banks like the Bank of England and the European Central Bank, which in turn lent dollars to financial institutions in their local markets. The move helped to stem the credit-market panic.
The Fed said in December it was "working with its central bank counterparties to close its temporary liquidity-swap arrangements by February 1." With the Fed's next policy meeting coming on Tuesday, Jan. 26th, and Wednesday, Jan. 27th, it is likely to formally announce plans to shut the program down.
http://prudentinvestor.blogspot.com/2010/01/wsj-fed-to-end-dollar-swaps-with-other.html
MINISTER FOR PLANNING (IBA): You Have to Enable the Private Sector and Stimulate Foreign Investment
Minister for Planning (Iba): You Have to Enable the Private Sector and Stimulate Foreign Investment
2010-01-20 09:10:36
BAGHDAD (Iba) .. The Minister of Planning and Development Cooperation Ali Ghalib Baban "the need to head programs this year to reactivate the private sector and seek to drive foreign investment to enter the local market."
Baban said, told the independent press (Iba) on Wednesday that "the operationalization of the private sector can achieve significant growth so that it is able to provide thousands of jobs and means of voluntary movement in the productive sectors especially government. Stressing the need to stimulate foreign companies to invest overseas and move towards commencement of projects. "
"The new year, the state is seriously considering not to rely only on oil wealth to fund its budget Assembly. Pointing out that the deterioration and confusion in oil prices could make the state is unable to revive the economic reality."
And between the doors, "said the ministry has adopted the social security scheme similar to what is happening in developed countries, which guarantees to every Iraqi citizen a decent life and to ensure against deficits, unemployment and disease. Pointing to seek cooperation with some foreign expertise to develop a project in order to make the right decision and to achieve a prosperous future the country. "
It should be noted that the minister called on local administrations to the provinces to begin the preparation of reconstruction plans five-year development, the government intending to implement from next year, and work to establish an industrial city in each province. (End) / 20 / p /.
http://translate.googleusercontent.com/translate_c?hl=en&u=http://www.ipairaq.com/index.php%3Fname%3Dinner%26t%3Deconomy%26id%3D20146&prev=/language_tools&rurl=translate.google.com&usg=ALkJrhgbQwT9fE4drZKEM4K9lhNwxeDSCQ
". Minister of Planning and Development Cooperation Ali Ghalib Baban, it is necessary to move programs for this year to reactivate the private sector and seek to drive foreign investment to enter the local market. "
". Baban said that "the operationalization of the private sector can achieve significant growth so that it is able to provide thousands of jobs and means of voluntary movement in the productive sectors especially government."
و". Baban said that "the new year, the state is seriously considering the lack of dependence on oil only to finance the overall budget," indicating that "the continued deterioration and confusion in oil prices could make the state is unable to revive the economic reality."
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.radiodijla.com%2Fcgi-bin%2Fnews%2Fdisplay.pl
2010-01-20 09:10:36
BAGHDAD (Iba) .. The Minister of Planning and Development Cooperation Ali Ghalib Baban "the need to head programs this year to reactivate the private sector and seek to drive foreign investment to enter the local market."
Baban said, told the independent press (Iba) on Wednesday that "the operationalization of the private sector can achieve significant growth so that it is able to provide thousands of jobs and means of voluntary movement in the productive sectors especially government. Stressing the need to stimulate foreign companies to invest overseas and move towards commencement of projects. "
"The new year, the state is seriously considering not to rely only on oil wealth to fund its budget Assembly. Pointing out that the deterioration and confusion in oil prices could make the state is unable to revive the economic reality."
And between the doors, "said the ministry has adopted the social security scheme similar to what is happening in developed countries, which guarantees to every Iraqi citizen a decent life and to ensure against deficits, unemployment and disease. Pointing to seek cooperation with some foreign expertise to develop a project in order to make the right decision and to achieve a prosperous future the country. "
It should be noted that the minister called on local administrations to the provinces to begin the preparation of reconstruction plans five-year development, the government intending to implement from next year, and work to establish an industrial city in each province. (End) / 20 / p /.
http://translate.googleusercontent.com/translate_c?hl=en&u=http://www.ipairaq.com/index.php%3Fname%3Dinner%26t%3Deconomy%26id%3D20146&prev=/language_tools&rurl=translate.google.com&usg=ALkJrhgbQwT9fE4drZKEM4K9lhNwxeDSCQ
". Minister of Planning and Development Cooperation Ali Ghalib Baban, it is necessary to move programs for this year to reactivate the private sector and seek to drive foreign investment to enter the local market. "
". Baban said that "the operationalization of the private sector can achieve significant growth so that it is able to provide thousands of jobs and means of voluntary movement in the productive sectors especially government."
و". Baban said that "the new year, the state is seriously considering the lack of dependence on oil only to finance the overall budget," indicating that "the continued deterioration and confusion in oil prices could make the state is unable to revive the economic reality."
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.radiodijla.com%2Fcgi-bin%2Fnews%2Fdisplay.pl
FRANK26 POST - KTF Missions 1/21/10
I am different with my intel ……….because of what happened last Monday and I tried to explain it the four days prior to this past Monday. I kept drilling the point daily that on the 18th they would fulfill the one year requirement of keeping their currency stable without any fluctuation, burp, hiccup whatsoever and they did it! What happens when you graduate from school……….they give you your diploma. Iraq graduated from the school of hard knocks in financing this past Monday……….and IMO………they received their diploma of CH7. That opens a completely different set of events to unfold. Now you may say to yourself Frank………where’s the link to prove that such documents have been signed sealed and lifted? Silly rabbit……….you know better than to ask me that……….just wait a few days and you will see what I am talking about. It is my history. It is what has caused KTFM to be successful in the way we share intel. An exodus of dinar information seekers have come in our direction. I get communications of all forms from some of the most amazing people on this planet. When I told you to pray for John Hillerman, who played Higgins on Magnum PI, last week………..I was very sincere. So I carry a great responsibility on how I share intel because there are so many out there that have gravitated to our forum. They say that silence is golden ……….does not my silence give you a feeling of something golden soon to come? Regardless of how I share my intel with you Family………..I have noticed how you old timers that have been with me from the very beginning are not letting the thousands of newbies in the recent weeks fall to the side. I am made aware of the pm’s that you are exchanging with each other to keep them up to date. When they laugh at me at other forums for my style…….most of you simply smile. Last night I had so much fun with all of you. When I told you I had to leave at 11:30pm I was touched by the response. Truly we had a wonderful time playing with numbers. IMO……..enough time has gone by and I am ready to take you to my blue couch. The following actually happened today. But it was on my blue couch.
Ring ……..ring.
Yes this is Frank……..can I help you?
Frank this is xxxxx ………..I’m outside in my car because I had to swing by 5th/3rd and since I was in your neighborhood I was wondering if I could come in and talk to you for a little bit?
Greetings good friend…………you’re outside? In my parking lot?
Yes I’m really sorry but I was wondering if I could talk to you about what Obama did at noon today.
Yes of course you can come in.
Knock, knock.
Hi …….come on in. Please take your shoes off and sit with me on my couch. I know what you are talking about and I actually saw O today on CNBC. Actually he was on all of the stations at noon today. Why are you so troubled about it?
*%#@^&………..O!
Whoa…….wait a minute………chill. I did not vote for O but you must learn to respect his office. It is a position that all Americans should respect. But why are you so mad at what he said today on tv?
Frank while the man was up there explaining at his news conference that he was changing policies that banks use ………half of the screen was showing that every stock across the board was plummeting downward. One stock after another was being shown with arrows pointing down. His statement to change how banks are going to have to run their business…….scared Wall Street! It scared me too.
Friend………it scared you because you have stock in the market. But did you listen to what he was telling the banks of the US?
Well…….at first I was…………..but all I kept seeing where the charts on the left side of his head so I stopped listening to him and started counting my portfolio.
Do you like green tea? This is my favorite………..it has little pieces of popcorn in it……….tastes so good. You want some?
WHAT?!
I’m going to answer your question ……..but I need you to relax first and take a deep breath. Now take a sip of this and listen to me. You have dinars don’t you?
Well of course I do……..you know I do!
Then you should know better friend. You reacted impulsively to what O said ………..because of what you saw. Now stop and think ……..remember when he said he does not want the banking system to carelessly spend their profits? How he doesn’t want them to recklessly use their investments? He especially doesn’t want them to pay out those ridiculous and selfish bonuses to their executives. He wants them to have a better accountability of their money and big brother is going to watch them a little closer which temporarily caused Wall Street to take notice and react with their buying and selling. Wall Street’s actions to what O said this afternoon are merely reflexive not permanent. Now here is the big key my dear friend that you and so many other financially struggling people missed. IMO……..the banking industry in a matter of weeks will be …………..dealing with many customers that are going to exchange their IQD’s . These banking institutions are going to make a serious amount of money via the spread. Can you imagine if the same freedom that devastated the banking industry last year was allowed to run rampant once they got a hold of these profits? IMO………..O……..is in the right place to know what is about to happen to the IQD and he wants to limit banks from doing something stupid again this time around.
That’s good Frank.
Aaaah………but let me ask you ……….is the tea good?
LOL…………yes it sure is. Can I ask you another question?
Can you refrain from not asking?
LOL………I could but I would rather not.
Then ask dear friend.
You changed your style ever since last Monday. You and I have been friends for many years ………..isn’t there anything you can share with me that you won’t share with others on your forum?
If I had dinar …………….for every time I heard that.
I’m sorry………..I better go.
Not until you are done ………with your second cup as I share with you. Try to understand that there are things right now that are none of our business and we really shouldn’t be talking about it. Isn’t it enough for me to tell you that on the 18th ……….this past Monday ……….Iraq graduated in all qualifications to lift CH7. If it were true ………then I would be silent wouldn’t I? I would encourage you to stay in constant prayer………wouldn’t I?
Well ……….that’s exactly what you did since last Monday.
Do you need to be told more?
You go by faith Frank…….I go by links.
Calm down. Have you not noticed that all I have given you since Monday is nothing but articles? Tell me good friend what else can I tell you?
I want to know what your team is telling you.
Things that if I shared with you……….would only prove how stupid I am. These are very, very sensitive times. I like telling stories……….would you like one that’s almost 48 hrs old?
Heck yes!
Last night a soldier called me that now resides in the states. He told me that his pastor had just called him 5 minutes ago to give him intel. Keep in mind that this pastor was a 1st Sergeant in the Army at one time. My soldier ………upon returning from Iraq……..gave his pastor, last year, $600,000 dinars and told him to hold on to them and pray. This pastor was accompanying another pastor friend of his to have supper at a couple’s home that are part of his congregation. While the two pastors and the couple were having supper a phone call came to the lady of the house from Iraq. It was her cousin. Her cousin ………….is a
Colonel! He knows she has dinars and rarely calls if ever. He told his cousin that he had some special info to share with her and her husband. He gave her a date and a rate. (actually …..I gave you the date in yesterday’s posting within my words I believe in the second to the last paragraph but everyone seemed to have missed it.) Of course she became emotional and the husband inquired about the facts. The husband and the two pastors sit at the dinner table listening to the conversation on the telephone…………with the Colonel. When the call ended………my soldier’s pastor makes it known to everyone else in the room that he possess dinars. Needless to say……….there was great jubilation. The only one that didn’t possess any was the couple’s pastor. I would venture to guess ……….that he has some by now.
WOW!!! That’s a great story.
Yes……….it is isn’t it? But I’m not done. Do you want to hear more of the story?
Yeah……..I mean ……….yes Sir.
Hmmm………..politeness………….I like that. This morning my soldier calls me to update me on this story full of intel. He said that his pastor, who still has military connections………..received 4 phone calls that evening into the early morning hours from Iraq. He still keeps in contact and each one of them felt like a hammer hitting a nail deeper into the wood. Each call repeated what the Colonel had told his cousin.
Thank God……….is there more to this story?
Oh yes………..but that’s suffice.
So what’s the rate and the date?
Go to my postings as I was having fun with the Family last night……….and you will find the area code. Clue : minus 2 pennies.
Man you never give a straight answer do you?
No………because many try to follow me.
Well can you tell me the date?
Funny how people can accept an area code with little repercussion but to give a date………has a tendency to seem sacrilegious at times. When I give an open window of opportunity as intel to be taken to the Lord in prayer……….one or two would rather throw me out that window. But if I tell you that I find great interest from the 29th to the 6th of February would that satisfy you? A week is a week…….is a week.
What in the world does that mean?
You bought your dinars from Ali didn’t you?
Yes most of them why?
Do you know that Ali has a bank in Iraq and all the paperwork for it is done? You will soon be able to deposit your money into any bank you wish when you exchange with him and that includes his new bank. Clue: why is there no open sign in his bank if all the paperwork is done and he can officially open?
I have no idea………why?
IMO………there is no need to turn the overhead on right now. But the nano second that you see the sign flipped over from closed to open at his bank……….IMO………we are inches away from the announcement.
Hey! That’s interesting.
Hey! You want some more tea?
Can I just ask you one more question?
If you do I will never share my tea with you again. Don’t push it. LOL.
Oh……..okay. It was wonderful visiting with you. Thank you Frank.
It was my pleasure ………to fill your cup of tea.
Ring ……..ring.
Yes this is Frank……..can I help you?
Frank this is xxxxx ………..I’m outside in my car because I had to swing by 5th/3rd and since I was in your neighborhood I was wondering if I could come in and talk to you for a little bit?
Greetings good friend…………you’re outside? In my parking lot?
Yes I’m really sorry but I was wondering if I could talk to you about what Obama did at noon today.
Yes of course you can come in.
Knock, knock.
Hi …….come on in. Please take your shoes off and sit with me on my couch. I know what you are talking about and I actually saw O today on CNBC. Actually he was on all of the stations at noon today. Why are you so troubled about it?
*%#@^&………..O!
Whoa…….wait a minute………chill. I did not vote for O but you must learn to respect his office. It is a position that all Americans should respect. But why are you so mad at what he said today on tv?
Frank while the man was up there explaining at his news conference that he was changing policies that banks use ………half of the screen was showing that every stock across the board was plummeting downward. One stock after another was being shown with arrows pointing down. His statement to change how banks are going to have to run their business…….scared Wall Street! It scared me too.
Friend………it scared you because you have stock in the market. But did you listen to what he was telling the banks of the US?
Well…….at first I was…………..but all I kept seeing where the charts on the left side of his head so I stopped listening to him and started counting my portfolio.
Do you like green tea? This is my favorite………..it has little pieces of popcorn in it……….tastes so good. You want some?
WHAT?!
I’m going to answer your question ……..but I need you to relax first and take a deep breath. Now take a sip of this and listen to me. You have dinars don’t you?
Well of course I do……..you know I do!
Then you should know better friend. You reacted impulsively to what O said ………..because of what you saw. Now stop and think ……..remember when he said he does not want the banking system to carelessly spend their profits? How he doesn’t want them to recklessly use their investments? He especially doesn’t want them to pay out those ridiculous and selfish bonuses to their executives. He wants them to have a better accountability of their money and big brother is going to watch them a little closer which temporarily caused Wall Street to take notice and react with their buying and selling. Wall Street’s actions to what O said this afternoon are merely reflexive not permanent. Now here is the big key my dear friend that you and so many other financially struggling people missed. IMO……..the banking industry in a matter of weeks will be …………..dealing with many customers that are going to exchange their IQD’s . These banking institutions are going to make a serious amount of money via the spread. Can you imagine if the same freedom that devastated the banking industry last year was allowed to run rampant once they got a hold of these profits? IMO………..O……..is in the right place to know what is about to happen to the IQD and he wants to limit banks from doing something stupid again this time around.
That’s good Frank.
Aaaah………but let me ask you ……….is the tea good?
LOL…………yes it sure is. Can I ask you another question?
Can you refrain from not asking?
LOL………I could but I would rather not.
Then ask dear friend.
You changed your style ever since last Monday. You and I have been friends for many years ………..isn’t there anything you can share with me that you won’t share with others on your forum?
If I had dinar …………….for every time I heard that.
I’m sorry………..I better go.
Not until you are done ………with your second cup as I share with you. Try to understand that there are things right now that are none of our business and we really shouldn’t be talking about it. Isn’t it enough for me to tell you that on the 18th ……….this past Monday ……….Iraq graduated in all qualifications to lift CH7. If it were true ………then I would be silent wouldn’t I? I would encourage you to stay in constant prayer………wouldn’t I?
Well ……….that’s exactly what you did since last Monday.
Do you need to be told more?
You go by faith Frank…….I go by links.
Calm down. Have you not noticed that all I have given you since Monday is nothing but articles? Tell me good friend what else can I tell you?
I want to know what your team is telling you.
Things that if I shared with you……….would only prove how stupid I am. These are very, very sensitive times. I like telling stories……….would you like one that’s almost 48 hrs old?
Heck yes!
Last night a soldier called me that now resides in the states. He told me that his pastor had just called him 5 minutes ago to give him intel. Keep in mind that this pastor was a 1st Sergeant in the Army at one time. My soldier ………upon returning from Iraq……..gave his pastor, last year, $600,000 dinars and told him to hold on to them and pray. This pastor was accompanying another pastor friend of his to have supper at a couple’s home that are part of his congregation. While the two pastors and the couple were having supper a phone call came to the lady of the house from Iraq. It was her cousin. Her cousin ………….is a
Colonel! He knows she has dinars and rarely calls if ever. He told his cousin that he had some special info to share with her and her husband. He gave her a date and a rate. (actually …..I gave you the date in yesterday’s posting within my words I believe in the second to the last paragraph but everyone seemed to have missed it.) Of course she became emotional and the husband inquired about the facts. The husband and the two pastors sit at the dinner table listening to the conversation on the telephone…………with the Colonel. When the call ended………my soldier’s pastor makes it known to everyone else in the room that he possess dinars. Needless to say……….there was great jubilation. The only one that didn’t possess any was the couple’s pastor. I would venture to guess ……….that he has some by now.
WOW!!! That’s a great story.
Yes……….it is isn’t it? But I’m not done. Do you want to hear more of the story?
Yeah……..I mean ……….yes Sir.
Hmmm………..politeness………….I like that. This morning my soldier calls me to update me on this story full of intel. He said that his pastor, who still has military connections………..received 4 phone calls that evening into the early morning hours from Iraq. He still keeps in contact and each one of them felt like a hammer hitting a nail deeper into the wood. Each call repeated what the Colonel had told his cousin.
Thank God……….is there more to this story?
Oh yes………..but that’s suffice.
So what’s the rate and the date?
Go to my postings as I was having fun with the Family last night……….and you will find the area code. Clue : minus 2 pennies.
Man you never give a straight answer do you?
No………because many try to follow me.
Well can you tell me the date?
Funny how people can accept an area code with little repercussion but to give a date………has a tendency to seem sacrilegious at times. When I give an open window of opportunity as intel to be taken to the Lord in prayer……….one or two would rather throw me out that window. But if I tell you that I find great interest from the 29th to the 6th of February would that satisfy you? A week is a week…….is a week.
What in the world does that mean?
You bought your dinars from Ali didn’t you?
Yes most of them why?
Do you know that Ali has a bank in Iraq and all the paperwork for it is done? You will soon be able to deposit your money into any bank you wish when you exchange with him and that includes his new bank. Clue: why is there no open sign in his bank if all the paperwork is done and he can officially open?
I have no idea………why?
IMO………there is no need to turn the overhead on right now. But the nano second that you see the sign flipped over from closed to open at his bank……….IMO………we are inches away from the announcement.
Hey! That’s interesting.
Hey! You want some more tea?
Can I just ask you one more question?
If you do I will never share my tea with you again. Don’t push it. LOL.
Oh……..okay. It was wonderful visiting with you. Thank you Frank.
It was my pleasure ………to fill your cup of tea.
CBI - IRAQ IS A LAW OF ELECTRONIC BANKING
Source: Dar Al-Hayat - 21/01/2010
«Central» Iraq is a law of electronic banking
The Director-General of the unity of the banking and credit of the Central Bank of Iraq and Idi Walid Abdul-Hussein said in a statement to the «life», the central bank is a law of electronic banking, and submitted to the State Advisory Council for discussion and approval, in addition to preparing a new system of payments helps to provide advanced banking services, referring to the topic to facilitate handling of the provisions of Article 28 of the Banking Act which identified some activities are not allowed for private banks, and try to correct them to serve the Iraqi economy and banks.
He pointed at a seminar organized by the company «the money for electronic banking services» to discuss products, electronic banking and banking constraints in Iraq, the central bank has developed a system of 5 points, raising the level of assessment allows the banks that provide quality services, which assist him in obtaining a loan contract with an external State agencies and funds referred to him by «Trade Bank of Iraq».
He stressed that the central bank seeks to enhance the contribution of banks to GDP, which currently does not exceed 7 per cent.
He called on Chief Adviser to the Prime Minister and former oil minister Thamer Ghadhban, to «a more vital role to the finance sector and banking activity which is a very important sign, in domestic economic activity», and to develop financing mechanisms required for development in the country. He explained that the private sector has an important and vital, particularly in the banking activity in the mechanisms and the introduction of modern methods.
http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.iraqdirectory.com/DisplayNewsAr.aspx%3Fid%3D11358&rurl=translate.google.ca
«Central» Iraq is a law of electronic banking
The Director-General of the unity of the banking and credit of the Central Bank of Iraq and Idi Walid Abdul-Hussein said in a statement to the «life», the central bank is a law of electronic banking, and submitted to the State Advisory Council for discussion and approval, in addition to preparing a new system of payments helps to provide advanced banking services, referring to the topic to facilitate handling of the provisions of Article 28 of the Banking Act which identified some activities are not allowed for private banks, and try to correct them to serve the Iraqi economy and banks.
He pointed at a seminar organized by the company «the money for electronic banking services» to discuss products, electronic banking and banking constraints in Iraq, the central bank has developed a system of 5 points, raising the level of assessment allows the banks that provide quality services, which assist him in obtaining a loan contract with an external State agencies and funds referred to him by «Trade Bank of Iraq».
He stressed that the central bank seeks to enhance the contribution of banks to GDP, which currently does not exceed 7 per cent.
He called on Chief Adviser to the Prime Minister and former oil minister Thamer Ghadhban, to «a more vital role to the finance sector and banking activity which is a very important sign, in domestic economic activity», and to develop financing mechanisms required for development in the country. He explained that the private sector has an important and vital, particularly in the banking activity in the mechanisms and the introduction of modern methods.
http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.iraqdirectory.com/DisplayNewsAr.aspx%3Fid%3D11358&rurl=translate.google.ca
KAPERONI POST - Dinar Vets
Kaperoni's assessment to a RV.... Ok..today I wanted to get some factual information leading for or against a currency RV. Much of this is already known but is nice to have it listed. By RV'ing, Iraq can have an International tradable currency with buying power. In order to achieve this, they must follow some IMF guidelines. Not necessarily in order...
- DDSS provides the dissemination of information of international banking information. A requirement. (Started back in Nov, 2009)
- Iraqi poverty program, announced last week
- Visit from the World bank - yesterday
- Upgrading banking connectivity - much of it done
- Reuters' deal (may or may not be a factor)
- Fixed rate for a year..completed. IMF site now states Iraq exchange rate is NOT fixed. Read it somewhere in these docs...http://dsbb.imf.org/Applications/web...strcode=IRQ#AB
- Implementation of a ERM Exchange Rate Mechanism (thanks SBX for your hard work). According to media, this is done or in the works.
These all add up to the fact that the CBI has done what is needed to take the Dinar international. In my opinion, they are close or done completing those requirements. This may not be all of the IMF requirements. This though does not mean they will RV today or tomorrow, or a month from now. In my opinion, the RV is now a political thing. It may be an election event, or it may be decided based on the new poverty program results 6 months from now, or the signing of the HCL (Hydro Carbon Law). In any event, I think the CBI is doing there part.
I would like help with this project. The next part is find out what it takes to bring a currency online and international. Be it via FOREX or not. It is just a party? What work must be done to make it available internationally and traded/exchanged? Apparently the CFTC overseas currency investing and they may have the answers
http://www.cftc.gov/
- DDSS provides the dissemination of information of international banking information. A requirement. (Started back in Nov, 2009)
- Iraqi poverty program, announced last week
- Visit from the World bank - yesterday
- Upgrading banking connectivity - much of it done
- Reuters' deal (may or may not be a factor)
- Fixed rate for a year..completed. IMF site now states Iraq exchange rate is NOT fixed. Read it somewhere in these docs...http://dsbb.imf.org/Applications/web...strcode=IRQ#AB
- Implementation of a ERM Exchange Rate Mechanism (thanks SBX for your hard work). According to media, this is done or in the works.
These all add up to the fact that the CBI has done what is needed to take the Dinar international. In my opinion, they are close or done completing those requirements. This may not be all of the IMF requirements. This though does not mean they will RV today or tomorrow, or a month from now. In my opinion, the RV is now a political thing. It may be an election event, or it may be decided based on the new poverty program results 6 months from now, or the signing of the HCL (Hydro Carbon Law). In any event, I think the CBI is doing there part.
I would like help with this project. The next part is find out what it takes to bring a currency online and international. Be it via FOREX or not. It is just a party? What work must be done to make it available internationally and traded/exchanged? Apparently the CFTC overseas currency investing and they may have the answers
http://www.cftc.gov/
ALI SENDS MESSAGE: LISTEN UP...
Neno Today, 04:57 PM
... Just got informed by Ali as he wanted all to know that he checked into a guy going by the name of Jerry Brew mer-(?????) or something to that tune, that is reaching to dinar holders and telling them he can beat Ali's rate with buying your dinar now for .75 and says he is in a office in California.
Ali was alerted of this as I am sure by a investor with great concern. Ali decided to contact a Friend in that area that went over to check out this place and was told by a landlord that he hasn't been around in a few days. The guy is asking that you make photo copies of your dinar and then send him the dinar.
First, Ali has no rate as the CBI is the only rate. Ali went another step further to find out about this guy and got some info on the dude out of Maryland, that he has been apart of three other scams done to people. So beware.
Look folks, you have to use good judgment and if you do not know something, ask someone. prefer if it is to do with a mentioning that "Ali Said", as this guy is saying, are anything to do with "Dinar Trade", which a BIG NAME to swindle folks when using, that you come to the board or call Dinar Trade to find out.
Ali, I are any other good citizen do not want to see you fall for a SCAM but, it is your fault if you do. So that is the best play we can provide is to go to the Horse. I am ask to make this available to all as we can not investigate everything and really do not have the time to do one. So if you would just call first before every doing anything, you will get the Truth if, it has a association to Dinar Trade.
This was just a friendly gesture to all passed on from the Man..
... Just got informed by Ali as he wanted all to know that he checked into a guy going by the name of Jerry Brew mer-(?????) or something to that tune, that is reaching to dinar holders and telling them he can beat Ali's rate with buying your dinar now for .75 and says he is in a office in California.
Ali was alerted of this as I am sure by a investor with great concern. Ali decided to contact a Friend in that area that went over to check out this place and was told by a landlord that he hasn't been around in a few days. The guy is asking that you make photo copies of your dinar and then send him the dinar.
First, Ali has no rate as the CBI is the only rate. Ali went another step further to find out about this guy and got some info on the dude out of Maryland, that he has been apart of three other scams done to people. So beware.
Look folks, you have to use good judgment and if you do not know something, ask someone. prefer if it is to do with a mentioning that "Ali Said", as this guy is saying, are anything to do with "Dinar Trade", which a BIG NAME to swindle folks when using, that you come to the board or call Dinar Trade to find out.
Ali, I are any other good citizen do not want to see you fall for a SCAM but, it is your fault if you do. So that is the best play we can provide is to go to the Horse. I am ask to make this available to all as we can not investigate everything and really do not have the time to do one. So if you would just call first before every doing anything, you will get the Truth if, it has a association to Dinar Trade.
This was just a friendly gesture to all passed on from the Man..
IRAQI PRIME MINISTER CANDIDATE COMING TO WASHINGTON D.C.
Maverick Ahrar Party Leader Ayad Jamal Aldin to Address Iraq's Stability, Iranian Influence and the Upcoming Elections
WASHINGTON, Jan. 21 /PRNewswire-USNewswire/ -- Iraqi Prime Minister Candidate and vocal leader of the brand new, anti-corruption Ahrar Party, Ayad Jamal Aldin, will meet with policy makers and the media during a visit to Washington D.C. the week of January 25th. Jamal Aldin gained international praise for his outspoken and principled views and his willingness to speak the truth even if it put him in harm's way.
A member of the Iraqi Parliament, Jamal Aldin is the only candidate who has consistently stood up to a corrupt political system in Iraq and Iran's undue influence on the country. And, he is the only Shia cleric calling for one, secular Iraq. Jamal Aldin formed the Ahrar Party in 2009 as a new beginning in Iraq - a party free of corruption that seeks a united, strong secular government that serves the people's interests and focuses on security, jobs and basic services like electricity and running water.
Iraqi national elections have been set for March 7, 2010. Jamal Aldin stands to play a major role in the upcoming election and is waging a major campaign.
Jamal Aldin will be in Washington D.C. from January 25th to the 28th. He will be available to the media on Thursday, January 28th, at the National Press Club at 2:00 PM or by appointment earlier in the week for individual interview requests.
WHO: Ayad Jamal Aldin - Founder of the Ahrar Party
WHAT: Media Availability
WHERE: National Press Club
WHEN: Thursday, January 28th - 2:00 PM
About the Ahrar Party
Ahrar is a political movement for all Iraqis without distinction - bringing people together to rebuild a unified Iraq. Ahrar supporters have a common belief in Iraq's shared history and common destiny. Ahrar believes Iraq's best hope lies in the Iraqi people and not the politicians, who have failed through corruption and incompetence. Ayad Jamal Aldin and Ahrar believe in secularism and unity, regardless of religion. Ahrar was created in order to liberate Iraq's government from corruption; to liberate religion from the state; and to bring the Iraqi people together to liberate them from the tyranny of violence and poverty.
SOURCE Ahrar Party
http://newsblaze.com/story/2010012107580300002.pnw/topstory.html
WASHINGTON, Jan. 21 /PRNewswire-USNewswire/ -- Iraqi Prime Minister Candidate and vocal leader of the brand new, anti-corruption Ahrar Party, Ayad Jamal Aldin, will meet with policy makers and the media during a visit to Washington D.C. the week of January 25th. Jamal Aldin gained international praise for his outspoken and principled views and his willingness to speak the truth even if it put him in harm's way.
A member of the Iraqi Parliament, Jamal Aldin is the only candidate who has consistently stood up to a corrupt political system in Iraq and Iran's undue influence on the country. And, he is the only Shia cleric calling for one, secular Iraq. Jamal Aldin formed the Ahrar Party in 2009 as a new beginning in Iraq - a party free of corruption that seeks a united, strong secular government that serves the people's interests and focuses on security, jobs and basic services like electricity and running water.
Iraqi national elections have been set for March 7, 2010. Jamal Aldin stands to play a major role in the upcoming election and is waging a major campaign.
Jamal Aldin will be in Washington D.C. from January 25th to the 28th. He will be available to the media on Thursday, January 28th, at the National Press Club at 2:00 PM or by appointment earlier in the week for individual interview requests.
WHO: Ayad Jamal Aldin - Founder of the Ahrar Party
WHAT: Media Availability
WHERE: National Press Club
WHEN: Thursday, January 28th - 2:00 PM
About the Ahrar Party
Ahrar is a political movement for all Iraqis without distinction - bringing people together to rebuild a unified Iraq. Ahrar supporters have a common belief in Iraq's shared history and common destiny. Ahrar believes Iraq's best hope lies in the Iraqi people and not the politicians, who have failed through corruption and incompetence. Ayad Jamal Aldin and Ahrar believe in secularism and unity, regardless of religion. Ahrar was created in order to liberate Iraq's government from corruption; to liberate religion from the state; and to bring the Iraqi people together to liberate them from the tyranny of violence and poverty.
SOURCE Ahrar Party
http://newsblaze.com/story/2010012107580300002.pnw/topstory.html
CBI: INTEREST RATES IN BANKS STILL HIGHER THAN INFLATION INDICATORS IN IRAQ
Thursday, 1/21/2010
Central Bank of Iraq, on Thursday, that interest rates in banks are still higher than inflation indicators in Iraq, indicating that the reserve bank's hard currency to U.S. $ 42 billion.
The adviser said the appearance of the central bank governor Mohammad Saleh said in an interview for "Alsumaria News", "The interest rate at the bank, amounting to 7%, higher than the inflation that exists in Iraq, which has a 6% according to statistics of the Central Statistical Bureau for 2009."
Saleh added that "the setting of interest rates in the bank depends on the level of inflation, which reflects the basis for index of consumer prices excluded from transport costs and fuel depends on the supply rather than demand," noting that interest rates are affected by shocks and economic fluctuations. "
It was the Iraqi Central Bank to cut interest rates from 9 to 7% last June to fit with the decline in the rate of inflation, which reached 7% in 2009.
According to Saleh, the director general of statistics at the Central Bank that it was "lowering interest rates one point in time to the present 6% to match inflation, which is one of the right things and affects in the economic development in Iraq."
The Central Bureau of Statistics and Information Technology of the Ministry of Planning and Development Cooperation is responsible for setting the rates of monthly and annual inflation, which depends on the basis of indices for commodity groups of foodstuffs, beverages and tobacco, furniture, medicines and medical services to determine rates of inflation in Iraq.
Advisor to the Governor, denied the central bank should "lead the process of reducing the interest rate one point to leave the capital abroad," attributing to the fact that "interest granted by the banks abroad is simple does not exceed 0,05% compared with the awarding of Iraqi banks."
Salih stressed that "the Iraqi Central Bank reserves reached the time being, only $ 42 billion, not counting reserves, the Iraqi government, including oil revenues," pointing out that "the reserve bank and the Iraqi government reached 80 billion dollars in 2008 due to high oil prices $ 147."
The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.alsumarianews.com/ar/3/2415/news-details-%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2520%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A:%2520%25D8%25A3%25D8%25B3%25D8%25B9%25D8%25A7%25D8%25B1%2520%25D8%25A7%25D9%2584%25D9%2581%25D8%25A7%25D8%25A6%25D8%25AF%25D8%25A9%2520%25D9%2581%25D9%258A%2520%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%2520%25D8%25A3%25D8%25B9%25D9%2584%25D9%2589%2520%25D9%2585%25D9%2586%2520%25D9%2585%25D8%25A4%25D8%25B4%25D8%25B1%25D8%25A7%25D8%25AA%2520%25D8%25A7%25D9%2584%25D8%25AA%25D8%25B6%25D8%25AE%25D9%2585.html&rurl=translate.google.co.uk
Central Bank of Iraq, on Thursday, that interest rates in banks are still higher than inflation indicators in Iraq, indicating that the reserve bank's hard currency to U.S. $ 42 billion.
The adviser said the appearance of the central bank governor Mohammad Saleh said in an interview for "Alsumaria News", "The interest rate at the bank, amounting to 7%, higher than the inflation that exists in Iraq, which has a 6% according to statistics of the Central Statistical Bureau for 2009."
Saleh added that "the setting of interest rates in the bank depends on the level of inflation, which reflects the basis for index of consumer prices excluded from transport costs and fuel depends on the supply rather than demand," noting that interest rates are affected by shocks and economic fluctuations. "
It was the Iraqi Central Bank to cut interest rates from 9 to 7% last June to fit with the decline in the rate of inflation, which reached 7% in 2009.
According to Saleh, the director general of statistics at the Central Bank that it was "lowering interest rates one point in time to the present 6% to match inflation, which is one of the right things and affects in the economic development in Iraq."
The Central Bureau of Statistics and Information Technology of the Ministry of Planning and Development Cooperation is responsible for setting the rates of monthly and annual inflation, which depends on the basis of indices for commodity groups of foodstuffs, beverages and tobacco, furniture, medicines and medical services to determine rates of inflation in Iraq.
Advisor to the Governor, denied the central bank should "lead the process of reducing the interest rate one point to leave the capital abroad," attributing to the fact that "interest granted by the banks abroad is simple does not exceed 0,05% compared with the awarding of Iraqi banks."
Salih stressed that "the Iraqi Central Bank reserves reached the time being, only $ 42 billion, not counting reserves, the Iraqi government, including oil revenues," pointing out that "the reserve bank and the Iraqi government reached 80 billion dollars in 2008 due to high oil prices $ 147."
The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.alsumarianews.com/ar/3/2415/news-details-%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2520%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A:%2520%25D8%25A3%25D8%25B3%25D8%25B9%25D8%25A7%25D8%25B1%2520%25D8%25A7%25D9%2584%25D9%2581%25D8%25A7%25D8%25A6%25D8%25AF%25D8%25A9%2520%25D9%2581%25D9%258A%2520%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%2520%25D8%25A3%25D8%25B9%25D9%2584%25D9%2589%2520%25D9%2585%25D9%2586%2520%25D9%2585%25D8%25A4%25D8%25B4%25D8%25B1%25D8%25A7%25D8%25AA%2520%25D8%25A7%25D9%2584%25D8%25AA%25D8%25B6%25D8%25AE%25D9%2585.html&rurl=translate.google.co.uk
EXTRAORDINARY MEETING OF ARAB MINISTERS SUNDAY
Jan 21, 2010
Iraq: held in Cairo on Sunday
Information Committee conclude its work to lift items to the extraordinary meeting of Arab Ministers
القاهرة ـ اسراء خليفة Isra Khalifa Cairo
Concluded at the headquarters of the Arab League meetings Tuesday eighty-fifth session of the Permanent Arab media with the participation of Iraq and representatives from the ministries of information in the Arab States,
With The Council of Arab Information Ministers held an extraordinary meeting "Sunday" next.
Has prepared the Permanent Arab Committee for Information on a set of recommendations to be submitted to the Ministers on Information Minister Sinaqchehema two items are the creation of the Office for the Arab media and a draft resolution the U.S. Congress classification of satellite operators as terrorist organizations in the case of a contract with the channels classified as terrorist organizations.
The representative of Iraq at the Committee meetings Permanent Head of Media Relations at the National Center for Media Cabinet Shahir Omar "morning" that the committee discussed raising the 17 items, including an item of UNHCR and the congressional resolution to the extraordinary meeting, while the remaining items will increase to the regular session of the Council of Ministers of Information to be held in the month of June.
In regard to the establishment of the Office of the Arab media, the Standing Committee recommended the formation of a sub-committee of legal experts and media to complete the study, prepared in this regard include the observations received from the Arab States, the participation of all Arab countries and Arab institutions and bodies.
As far as the draft resolution the U.S. Congress, pointed out The commission promised to the draft resolution as interference in internal affairs of States on issues dealing with the media in accordance with national legislation, stressing keenness of the Arab countries to continue efforts to combat extremism, violence and incitement to terrorism and with the need to distinguish between terrorism and the right of peoples to resist occupation.
With regard to other items discussed by the Committee dealt with the establishment of an Executive Office of the Council of Arab Ministers of Information and follow-up to the new plan to move abroad in the Arab media and the Palestinian cause and Arab countries to support the media and the implementation of decimal participatory development for Media and Communication in the Arab region 2009 / 2018 and the intellectual center of the Arab Ministers of Information and the role of Arab media in addressing the phenomenon of terrorism
alsabah
http://articlesofinterest-kelley.blogspot.com/2010/01/sundsy-january-24-2010-cairo-iraq.html
Iraq: held in Cairo on Sunday
Information Committee conclude its work to lift items to the extraordinary meeting of Arab Ministers
القاهرة ـ اسراء خليفة Isra Khalifa Cairo
Concluded at the headquarters of the Arab League meetings Tuesday eighty-fifth session of the Permanent Arab media with the participation of Iraq and representatives from the ministries of information in the Arab States,
With The Council of Arab Information Ministers held an extraordinary meeting "Sunday" next.
Has prepared the Permanent Arab Committee for Information on a set of recommendations to be submitted to the Ministers on Information Minister Sinaqchehema two items are the creation of the Office for the Arab media and a draft resolution the U.S. Congress classification of satellite operators as terrorist organizations in the case of a contract with the channels classified as terrorist organizations.
The representative of Iraq at the Committee meetings Permanent Head of Media Relations at the National Center for Media Cabinet Shahir Omar "morning" that the committee discussed raising the 17 items, including an item of UNHCR and the congressional resolution to the extraordinary meeting, while the remaining items will increase to the regular session of the Council of Ministers of Information to be held in the month of June.
In regard to the establishment of the Office of the Arab media, the Standing Committee recommended the formation of a sub-committee of legal experts and media to complete the study, prepared in this regard include the observations received from the Arab States, the participation of all Arab countries and Arab institutions and bodies.
As far as the draft resolution the U.S. Congress, pointed out The commission promised to the draft resolution as interference in internal affairs of States on issues dealing with the media in accordance with national legislation, stressing keenness of the Arab countries to continue efforts to combat extremism, violence and incitement to terrorism and with the need to distinguish between terrorism and the right of peoples to resist occupation.
With regard to other items discussed by the Committee dealt with the establishment of an Executive Office of the Council of Arab Ministers of Information and follow-up to the new plan to move abroad in the Arab media and the Palestinian cause and Arab countries to support the media and the implementation of decimal participatory development for Media and Communication in the Arab region 2009 / 2018 and the intellectual center of the Arab Ministers of Information and the role of Arab media in addressing the phenomenon of terrorism
alsabah
http://articlesofinterest-kelley.blogspot.com/2010/01/sundsy-january-24-2010-cairo-iraq.html
TALIBANI TO MEET ASSISTANT SECRETARY OF STATE DAVID WELCH
(Voice of Iraq) - 21/01/2010
The Republic of Iraq
Office of the President
Press Office
January 21, 2010
Met with President Jalal Talabani at the Peace Palace in Baghdad this afternoon Thursday, 21/1/2010, David Welch, Assistant Secretary of State, former U.S. and who now heads the Bechtel of oil and gas, and who has ties to a strong friendship with the president.
During the meeting which was attended by U.S. Ambassador to Iraq Christopher Hill and Foreign Minister Hoshyar Zebari, Minister of Water Resources Dr. Latif Rashid, President of the Office of the Presidency of the Republic Naseer al-Ani, the Iraqi president, speaking for the overall achievements and successes achieved through the liberation of Iraq, in the fields of security, economic and investment process and oil.
His Excellency praised the role played by Welch when he was an assistant to U.S. Secretary of State for Near Eastern Affairs in establishing harmony and brotherhood and peace in the Kurdistan Region, he added, "When you visit the Kurdistan Region will see many of the achievements and encouraging developments in the areas of promoting security, stability and democracy, and economic development and investment."
For his part by David Welch and his accompanying delegation were pleased to meet with the President, and happiness to achieve many successes and achievements throughout Iraq and inclusive of the Kurdistan Region, President Talabani thankful for their warm welcome and affection.
http://translate.google.com/translate?hl=en&ie=UTF-8&oe=UTF-8&langpair=ar%7Cen&u=http://www.sotaliraq.com/iraqnews.php%3Fid%3D56378&prev=/language_tools&rurl=translate.google.com
The Republic of Iraq
Office of the President
Press Office
January 21, 2010
Met with President Jalal Talabani at the Peace Palace in Baghdad this afternoon Thursday, 21/1/2010, David Welch, Assistant Secretary of State, former U.S. and who now heads the Bechtel of oil and gas, and who has ties to a strong friendship with the president.
During the meeting which was attended by U.S. Ambassador to Iraq Christopher Hill and Foreign Minister Hoshyar Zebari, Minister of Water Resources Dr. Latif Rashid, President of the Office of the Presidency of the Republic Naseer al-Ani, the Iraqi president, speaking for the overall achievements and successes achieved through the liberation of Iraq, in the fields of security, economic and investment process and oil.
His Excellency praised the role played by Welch when he was an assistant to U.S. Secretary of State for Near Eastern Affairs in establishing harmony and brotherhood and peace in the Kurdistan Region, he added, "When you visit the Kurdistan Region will see many of the achievements and encouraging developments in the areas of promoting security, stability and democracy, and economic development and investment."
For his part by David Welch and his accompanying delegation were pleased to meet with the President, and happiness to achieve many successes and achievements throughout Iraq and inclusive of the Kurdistan Region, President Talabani thankful for their warm welcome and affection.
http://translate.google.com/translate?hl=en&ie=UTF-8&oe=UTF-8&langpair=ar%7Cen&u=http://www.sotaliraq.com/iraqnews.php%3Fid%3D56378&prev=/language_tools&rurl=translate.google.com
MACATTACK POST - Dinar Vets 1/21/10
RV, is this for real?
First of all I am not an authority on the IQD, just a blue collar worker that was fortunate enough to get the honor to work along side the men and women of our great military.
In 2003 & 2004, I worked with K.B.R (Kellogg Brown & Root) in Iraq and Kuwait. I remember when we landed in Kuwait City airport I bought a combo meal from Burger King and it cost me almost $15usd. I was like what?? Therefore, I seen how strong the dinar was in Kuwait and later learned how it came to be.
With that in the back of my mind, I remember two very special occasions that happen while I was in Iraq, One was when we caught Saddam Hussein; they did party like it was 1999. One of the Iraqis told me it was their Christmas and that he would give his eyes to George Bush.
The other was the day that they took the old currency out of circulation and brought in the new. I need to let you know that where I was at was a new base, no TV, no internet, one or two cell phones was all that we had. You may ask why is this important or why do I care, well here is the thing. I didn’t have pumpers trying to sell me dinar, the Iraqis was so excited that I learned from them that they would not stay poor. I mean we were paying them $7usd a day to work for us. They explained to me how the new currency would revalue, would take at least five years or more.
So if you think this is a internet scam or just hype I hope that you can have a little more faith now knowing it didn’t start in some 14 year olds kids basement. Maybe that some rumors started there but hey what are you going to do, that part is just life. I laugh when someone says that they just bought dinars and that we need to be patient it is not a get rich quick over night. The people in Iraq have been waiting for a long time, so let us remember them and that the sooner this thing happens the better off they will be first. Then we can party like its 1999 all over again.
Romans 8:28 And we know that all things work together for good to them that love God,
First of all I am not an authority on the IQD, just a blue collar worker that was fortunate enough to get the honor to work along side the men and women of our great military.
In 2003 & 2004, I worked with K.B.R (Kellogg Brown & Root) in Iraq and Kuwait. I remember when we landed in Kuwait City airport I bought a combo meal from Burger King and it cost me almost $15usd. I was like what?? Therefore, I seen how strong the dinar was in Kuwait and later learned how it came to be.
With that in the back of my mind, I remember two very special occasions that happen while I was in Iraq, One was when we caught Saddam Hussein; they did party like it was 1999. One of the Iraqis told me it was their Christmas and that he would give his eyes to George Bush.
The other was the day that they took the old currency out of circulation and brought in the new. I need to let you know that where I was at was a new base, no TV, no internet, one or two cell phones was all that we had. You may ask why is this important or why do I care, well here is the thing. I didn’t have pumpers trying to sell me dinar, the Iraqis was so excited that I learned from them that they would not stay poor. I mean we were paying them $7usd a day to work for us. They explained to me how the new currency would revalue, would take at least five years or more.
So if you think this is a internet scam or just hype I hope that you can have a little more faith now knowing it didn’t start in some 14 year olds kids basement. Maybe that some rumors started there but hey what are you going to do, that part is just life. I laugh when someone says that they just bought dinars and that we need to be patient it is not a get rich quick over night. The people in Iraq have been waiting for a long time, so let us remember them and that the sooner this thing happens the better off they will be first. Then we can party like its 1999 all over again.
Romans 8:28 And we know that all things work together for good to them that love God,
EDDIEX POST - Dinar Vets 1/21/10
Information Dissemination
Wow...couldn't even log on for like a week and things sure have changed. Wish they'd change the key for the lock.
Well I had a lot of time to waste so I thought I'd post something.
Not really a rumor but don't know where else to go with it.
Here we go.
A lot of people have said a lot of things and a few have been passing that they have intel. Yet this intel never pans out.
There is a reason I always say do your research and pay attention.
People read US newspapers thinking that the paper is going to say "Iraq Revalue Coming". It will not happen that way. You should not be looking to US news for news on Iraq. Point blank.
Things don't work the same way over there, that they do in the US and people always seem to forget this.
There was a reason I posted that ERM article. Most people ignored it even after 4 other people posted it too. But I knew someone out there would see the significance. *stardogger took it and ran with it. *stardogger has an excellent post on the matter if people care to go look. Exchange Rate Mechanism does mean something.
Back to the people with "intel". Pay attention to what they say. They always blow in like a hurricane...and nothing happens. Pay attention to the guys who talk a lot but have nothing to back it up or if they don't know about major holidays in Iraq which are marked on all calendars. They take what news is out there and just regurgitate it in their own words. Or you have people who say they cashed in with Kuwait and don't know the value. Think about who you listen to.
There was a reason I posted a bunch of dates which made sense for a revalue and the next is January 23rd. I'm sure some people have already said it's going to happen and they have intel and whatever else. It's not intel. The GCC is supposed to be January 23rd and most think Iraq will be a part of it or revalue at the same time.
Iraq has come a long way in the past few months which leads to guesses, etc. Guesses are guesses but when someone says intel and they can't back it up or they're always wrong. Why do you still listen to them?
I made a guess of January 7th and backed it up. I listed a few possible other dates and backed it up. Didn’t happen but they were educated guesses and not “intel”. I have a guy who is high up in Wells Fargo and he says NOTHING. Like most of the other people in his position would. They could lose their jobs, etc.
Do your research, save yourself some headaches.
There are many breadcrumbs out there for you to follow. So why follow those who just want attention but provide nothing in return except lies.
Newest breadcrumb coming up. Budget should be coming very soon. GCC this weekend. Oil deals being closed and okayed. There is reason to believe it’s coming but it’s not coming because of intel. If those people knew it was coming then there would be more people buying them up.
The only intel most people have is in their computers.
All that crap intel also said it happened but wasn’t released. Or they tried to blame Obama for Iraq not revaluing. Just pay attention and follow along, weed out the ridiculous nonsense.
There are a lot of people out there ready to believe everything but you have to remember it’s an investment and not one like any other before it. But if you follow the breadcrumbs it looks incredibly close. But it could also be far away and you have to be prepared for that too.
Don’t spend your kids lunch money, the rent money or anything like that unless you know 100% that you can afford it. Do NOT take out loans or anything like that just for dinars.
Like Public Enemy said…don’t don’t don’t believe the hype.
Wow...couldn't even log on for like a week and things sure have changed. Wish they'd change the key for the lock.
Well I had a lot of time to waste so I thought I'd post something.
Not really a rumor but don't know where else to go with it.
Here we go.
A lot of people have said a lot of things and a few have been passing that they have intel. Yet this intel never pans out.
There is a reason I always say do your research and pay attention.
People read US newspapers thinking that the paper is going to say "Iraq Revalue Coming". It will not happen that way. You should not be looking to US news for news on Iraq. Point blank.
Things don't work the same way over there, that they do in the US and people always seem to forget this.
There was a reason I posted that ERM article. Most people ignored it even after 4 other people posted it too. But I knew someone out there would see the significance. *stardogger took it and ran with it. *stardogger has an excellent post on the matter if people care to go look. Exchange Rate Mechanism does mean something.
Back to the people with "intel". Pay attention to what they say. They always blow in like a hurricane...and nothing happens. Pay attention to the guys who talk a lot but have nothing to back it up or if they don't know about major holidays in Iraq which are marked on all calendars. They take what news is out there and just regurgitate it in their own words. Or you have people who say they cashed in with Kuwait and don't know the value. Think about who you listen to.
There was a reason I posted a bunch of dates which made sense for a revalue and the next is January 23rd. I'm sure some people have already said it's going to happen and they have intel and whatever else. It's not intel. The GCC is supposed to be January 23rd and most think Iraq will be a part of it or revalue at the same time.
Iraq has come a long way in the past few months which leads to guesses, etc. Guesses are guesses but when someone says intel and they can't back it up or they're always wrong. Why do you still listen to them?
I made a guess of January 7th and backed it up. I listed a few possible other dates and backed it up. Didn’t happen but they were educated guesses and not “intel”. I have a guy who is high up in Wells Fargo and he says NOTHING. Like most of the other people in his position would. They could lose their jobs, etc.
Do your research, save yourself some headaches.
There are many breadcrumbs out there for you to follow. So why follow those who just want attention but provide nothing in return except lies.
Newest breadcrumb coming up. Budget should be coming very soon. GCC this weekend. Oil deals being closed and okayed. There is reason to believe it’s coming but it’s not coming because of intel. If those people knew it was coming then there would be more people buying them up.
The only intel most people have is in their computers.
All that crap intel also said it happened but wasn’t released. Or they tried to blame Obama for Iraq not revaluing. Just pay attention and follow along, weed out the ridiculous nonsense.
There are a lot of people out there ready to believe everything but you have to remember it’s an investment and not one like any other before it. But if you follow the breadcrumbs it looks incredibly close. But it could also be far away and you have to be prepared for that too.
Don’t spend your kids lunch money, the rent money or anything like that unless you know 100% that you can afford it. Do NOT take out loans or anything like that just for dinars.
Like Public Enemy said…don’t don’t don’t believe the hype.
XXXXXXX CHAT - 1/21/10
XXXXXXX: IT IS MY SITE AND IF I THINK SOMETHING IS WRONG OR INFORMATION IS WRONG THEN I MUST STRAIGHTEN OUT
XXXXXXX: NOW WE ALL MAKE MISTAKES
XXXXXXX: ACCEPTING THAT A MISTAKE WAS MADE AND THEN LEARNING FROM IT IS A SIGN OF MATURITY
XXXXXXX: NOW I MAY HAVE MADE A MISTAKE ONCE BUT CAN'T REMEMBER WHEN
XXXXXXX: BUT A YOUNG MEMBER WITH GOOD INTENTIONS GAVE A CHAT.
XXXXXXX: WHICH WAS NO PROBLEM
XXXXXXX: BUT I HAD NOT HAD A CHANCE TO READ IT UNTIL
XXXXXXX: AND NOW I MUST CORRECT THE FLAWS IN THAT CHAT
XXXXXXX: YOU ALL KNOW HOW SOME THINK WE ARE DESCENDANTS OF APES
XXXXXXX: AND THEY SHOW YOU THAT CHART WITH ALL THE HEADS
XXXXXXX: BUT THE ONE IN THE MIDDLE THAT IS NEEDED TO COMPLETE THAT THEORY
XXXXXXX: IS STILL ELUSIVE
XXXXXXX: SO WHAT IS IT WITHOUT THAT MISSING LINK?
XXXXXXX: ABSOLUTELY NOTHING
XXXXXXX: SO IF YOU HAVE A THEORY BUT THEN PULL SEVERAL PIECES OUT XXXXXXX: YOU SIMPLY CAN'T JUST PUSH IT IN CLOSER TOGETHER AND SAY WELL IT IS STILL GOOD
XXXXXXX: IT ISN'T
XXXXXXX: NOW ALL THE INFO I AM GOING TO SAY IS POSTED IN THE FORUMS AS ARTICLES AND LINKS
XXXXXXX: 1) THE BUDGET IS 20 TRILLION IQD OVER
XXXXXXX: THEY ARE NOT PAYING OR COVERING IT WITH INCREASED OIL PRICES
XXXXXXX: THEY ALREADY STATED THE WAY THEY ARE COVERING IT
XXXXXXX: IS WITH: THE IMF LOAN, DFI MONEY AND EXCESS LEFT OVER FROM THE 2009 BUDGET.
XXXXXXX: SO THIS IS FACT
XXXXXXX: NOW IF YOU ALL REMEMBER LAST YEAR
XXXXXXX: EARLY SPRING
XXXXXXX: OK WE HAVE TO STOP
XXXXXXX: THE SERVER IS GOING DOWN FOR A BIT
XXXXXXX: TO UPDATE TO SOME 7.60 OR WHATEVER
XXXXXXX: THEY JUST STATED IT YESTERDAY THAT IT WAS IN THEIR BUDGET
XXXXXXX: NOW THEY WANT IT AS A STANDBY
XXXXXXX: REMEMBER LAST YEAR
XXXXXXX: WHY WERE THEY IN THE WHOLE
XXXXXXX: BECAUSE THEY WENT AND COUNTED ON THE HIGHER PRICE FOR A BARREL OF OIL
XXXXXXX: THEN WHAT HAPPENED
XXXXXXX: IT PLUMMETED
XXXXXXX: OK SO WHO ARE WE TO BELIEVE
XXXXXXX: PARLIAMENT OR THIS GUY
XXXXXXX: GEEZ I KNEW THEY WOULD KILL IT
XXXXXXX: WELL SO MUCH FOR THAT
XXXXXXX: WELL SO MUCH FOR THAT
XXXXXXX: DID WE NOT SEE THAT THEY GOT 7 TRILLON IQD FROM THE IMF AND WORLD BANK
XXXXXXX: YES OR NO
XXXXXXX: NO CLUE
bearcat: What kind of credibility does "Fazel Nabi" have anyway?
XXXXXXX: NEVER HEARD OF HIM
XXXXXXX: YES AND NO WHAT
XXXXXXX: OK AKUNEWS IS FROM KURDISTAN IS IT NOT
XXXXXXX: IS IT POSTED ON ANY OTHER NEWS SOURCES
XXXXXXX: BOY THAT IS A KICK IN THE GONADS
XXXXXXX: OK I JUST ALSO READ THAT THEY ARE GOING TO MAKE AN EFFORT TO REMOVE IRAQ FROM CHAPTER VII
Breitling: WHEN?
XXXXXXX: OK IT HOLD
XXXXXXX: IT IS NOT THE REMOVAL OF CHAPTER VII
XXXXXXX: BUT REMOVAL OF THE ARMS SANCTIONS XXXXXXX: THAT IS ALL
XXXXXXX: IS IT POSTED ON ANY OTHER NEWS SOURCES
Breitling: HOW CAN THEY NOW NOT NEED THE IMF LOAN?'
XXXXXXX: THERE IS NO WAY THEY WILL BE RELEASED FROM CHAPTER VII UNTIL ELECTIONS
XXXXXXX: B THEY ARE SAYING LIKE LAST YEAR
XXXXXXX: WHEN THE OIL WAS AT 140 BUCKS
Breitling: OK
XXXXXXX: REMEMBER THEY COUNTED ON THAT RATE
Breitling: SO IT IS FROM OLD PROJECTIONS
XXXXXXX: AND THEN IT PLUMMETED
XXXXXXX: NOW THEY ARE COUNTING ON THE 80 BUCKS
XXXXXXX: NOT THE 60
XXXXXXX: WHICH WE KNOW IS A BIG MISTAKE
Breitling: RIGHT
XXXXXXX: ALSO THIS GUY IS SAYING THE IMF LOAN WAS ONLY A RUMOR
XXXXXXX: THIS IS REDICULOUS
Breitling: THATS NOT TRUE
XXXXXXX: BUT MAY NEED IT ON A STANDBY
XXXXXXX: IF I WERE THE IMF AND THEY HAD WASTED ALL THESE MONTHS
XXXXXXX: OFF TIME AND NEGOTIATIONS
Breitling: IRAQ WAS AUDIT AND GIVEN STIPS BASED ON THE PROSPECT OF A LOAN
XXXXXXX: AND THEN TO COME OUT AND OUTRIGHT LIE
Breitling: SOUNDS FISHY
XXXXXXX: THIS IS WHY INTEL CAN NEVER BE COUNTED ON
[XXXXXXX: THIS IS BEYOND EVER CHANGING DYNAMICS
XXXXXXX: WELL THIS PUT THE MANDATORY RV DOWN THE CRAPPER DIDN'T IT
Breitling: YES IT DOES
Breitling: MED CAN YOU IM ME ?
XXXXXXX: I CHECKED ALL THE ONES AND FOUND NOTHING
XXXXXXX: THAT IS A KURDISTAN NEWS PAPER
XXXXXXX: SO I AM LEARY OF IT
XXXXXXX: WHY WOULD AN UNDERLING SAY THIS
Breitling: MED
XXXXXXX: AND NOT THE MINISTER OF FINANCE WHO NEGOTIATED THE DEAL WITH SHABIBI
XXXXXXX: YES B
Breitling: FIRST PAYMENT ON THE 7 BILLION DOLLAR LOAN IS ON MARCH 17TH
Breitling: SO MY QUESTION IS
Breitling: DO THEY HAVE THE PAYBACK RATES TEH UN DEMANDED BACK IN DEC
XXXXXXX: I AM NOW MIFFED
XXXXXXX: WHO IS THIS GUY SAYING THIS
XXXXXXX: I HAVE NEVER HEARD OF HIM
Breitling: CAN YOU IM ME MED?
Breitling: OK v=Breitling: DOES NOT SOUND RIGHT
Breitling: INFACT I THINK THE GUY IS WRONG
Breitling: UNTILL WE GET MORE INFO
Breitling: NO NEED TO SPECULATE ON THAT INFORMATION
Breitling: THE U.N DEMANDED THAT IRAQ HAVE A PAYBACK PLAN FOR IMF LOANS AND SOFT LOANS
Breitling: AND MUST BE IN PLACE BY END OF MARCH
Breitling: SO DONT KNOW HOW THAT GUYS INFO EVEN RELATES
Breitling: WHAT DID MALIKI TELL THE UN B ACK IN DEC ?
Breitling: IRAQ IS TO GO INTERNATIONAL IN 2010
Breitling: IT WAS A LETTER OF INTENT
Breitling: THE UN HAS STATED FOR OVER A YEAR NOW , IRAQ NEEDS TO BRING THE CURENCY INTO INTERNATIONAL TRADE
XXXXXXX: WAIT WAIT B
Breitling: K
XXXXXXX: THAT IS FOR KURDISTANS BUDGET
XXXXXXX: THEY HAVE THEIR OWN BUDGET
XXXXXXX: THAT IS TOTALLY SEPARATE FROM THE GOI
Breitling: YOU MEAN TEH ARTICLE ?
XXXXXXX: Kurdish PM to announce Kurdistan’s 2010 budget today-
XXXXXXX: THAT GUY IS FROM KURDISTAN
Breitling: OK TIME TO XXXXXXXATE MYSELF
XXXXXXX: NOT THE GOI MINISTER OF FINANCE XXXXXXX: I KNEW THIS WAS TURNING PSYCHO
Breitling: DUDE
Breitling: BE HONEST
Breitling: THAT SCARED ME
--------------------------------------------------------------------------------
XXXXXXX: Alaa al-Sadoun said Deputy Chairperson of the F
XXXXXXX: Parliamentary: Iraq has received a loan of $ 7 trillion dinars to cover the deficit XXXXXXX: Alaa al-Sadoun said Deputy Chairperson of the Finance Committee in the House of Representatives that the World Bank and IMF special drawing rights and made a loan to Iraq Bmlbg 7 trillion Iraqi dinars to bridge the fiscal deficit.
XXXXXXX: Said Saadoun, a member of the Accordance Front, said: "The fiscal budget deficit of 21 trillion Iraqi dinars. Sntdark and recycled it through my existing budget of the past year.
XXXXXXX: And the budget in 2010 was calculated on the basis that the price of a barrel of oil to $ 62,5, and the price The current oil is $ 73 a barrel. and this difference would reduce the fiscal deficit.
XXXXXXX: OK HERE IS A HEADS UP ON THE RV XXXXXXX: WAIT XXXXXXX: IRAN IS DROPPING 3 ZEROS XXXXXXX: TO INCREASE THE VALUE OF THE RIYAL
XXXXXXX: THERE IS NO WAY IRAN CAN HAVE A CURRENCY THAT IS WORTH MORE THAN IRAQS XXXXXXX: RIGHT NOW IT IS WORTHLESS XXXXXXX: RIGHT WITH THE DONG XXXXXXX: BRB
XXXXXXX: THE CURRENT EXCHANGE RATED IS 10005 TO 1 USD
XXXXXXX: IRAQ IS 1170 TO ONE
XXXXXXX: 1.00 IRR = 0.000100929 USD
kingwm: it is a lop, not a revalue
XXXXXXX: ARE YOU SURE KINGWM
XXXXXXX: DOES IT SAY LOP
XXXXXXX: OR ARE THEY REMOVING THE 3 ZEROS
kingwm: the iran money, isn't that what dropping 3 zeros means?
XXXXXXX: NO IT IS NOT NECESSARILY
kingwm: i read in an article today they were dropping 3 zeros
XXXXXXX: YES SO DID I
XXXXXXX: BUT HERE IS THE DIFFERENCE
kingwm: then i ,may not quite understand it fully
XXXXXXX: ARE THEY DROPPING IT OFF THE CURRENCY
XXXXXXX: OR OFF THE RATE OF EXCHANGE?
XXXXXXX: THERE IS A DIFFERENCE
XXXXXXX: THERE IS A DIFFERENCE
XXXXXXX: 1.00 IRR = 0.000100929 USD
kingwm: i dunno that, i hope that is a rhetorical question kingwm: because for some reasons the rial has depreciated and we should bring its real value back,"
XXXXXXX: OK HOLD ON
XXXXXXX: IT IS NOT RHETORICAL
kingwm: that statement amazed me earlier
kingwm: i wasn't sure, it looks like a lop to me, but i am a newbie
XXXXXXX: CUZ IT CAN HAVE AN ANSWER
kingwm: i meant rhetorical in the that you already knew the answer when you asked the question
XXXXXXX: HAVE YOU BEEN INVOLVED IN A LOP BEFORE
kingwm: nope
XXXXXXX: WHEN VN LOPPED
XXXXXXX: OR DEVALUED
XXXXXXX: SORRY BAD ONE
XXXXXXX: NOW IT COULD BE
XXXXXXX: IF THEY ARE IN HYPERINFLATION XXXXXXX: WHICH FOR THE LAST 20 YEARS THEY WERE
XXXXXXX: NOW UNDERSTAND WHETHER THEY LOP OR DROP 3 ZEROS kingwm: the artivcle says they don't understand why their currency has lost so much value XXXXXXX: BECAUSE THEY ARE ON THE OFAC LIST AND CONSIDERED A TERROR STATE
XXXXXXX: THAT IS WHY
XXXXXXX: REMEMBER A COUNTRY HAS TO WANT THEIR CURRENCY
XXXXXXX: THAT IS ALSO WHAT BRINGS IT VALUE
XXXXXXX: WHO WANTS IT TO TRADE WITH
XXXXXXX: THE US WON'T
XXXXXXX: BUT IRAQ WILL NOT BE ABLE TO STAND BY
XXXXXXX: AND HAVE THEIR CURRENCY VALUED THE LOWEST IN THE GULF
XXXXXXX: NOW REMEMBER
XXXXXXX: WITH THIS HAPPENING NOW IRAQ HAS LOST PURCHASING POWER WITH ANY TRADE AGREEMENT WITH IRAN XXXXXXX: IT NOW WILL TAKE MORE IQD TO BUY IRANIAN GOODS XXXXXXX: INSTEAD OF VISE VERSA
XXXXXXX: DOES THIS MAKE SENSE?
XXXXXXX: NOW WE HOLD OUR BREATH
XXXXXXX: NOW WE ALL MAKE MISTAKES
XXXXXXX: ACCEPTING THAT A MISTAKE WAS MADE AND THEN LEARNING FROM IT IS A SIGN OF MATURITY
XXXXXXX: NOW I MAY HAVE MADE A MISTAKE ONCE BUT CAN'T REMEMBER WHEN
XXXXXXX: BUT A YOUNG MEMBER WITH GOOD INTENTIONS GAVE A CHAT.
XXXXXXX: WHICH WAS NO PROBLEM
XXXXXXX: BUT I HAD NOT HAD A CHANCE TO READ IT UNTIL
XXXXXXX: AND NOW I MUST CORRECT THE FLAWS IN THAT CHAT
XXXXXXX: YOU ALL KNOW HOW SOME THINK WE ARE DESCENDANTS OF APES
XXXXXXX: AND THEY SHOW YOU THAT CHART WITH ALL THE HEADS
XXXXXXX: BUT THE ONE IN THE MIDDLE THAT IS NEEDED TO COMPLETE THAT THEORY
XXXXXXX: IS STILL ELUSIVE
XXXXXXX: SO WHAT IS IT WITHOUT THAT MISSING LINK?
XXXXXXX: ABSOLUTELY NOTHING
XXXXXXX: SO IF YOU HAVE A THEORY BUT THEN PULL SEVERAL PIECES OUT XXXXXXX: YOU SIMPLY CAN'T JUST PUSH IT IN CLOSER TOGETHER AND SAY WELL IT IS STILL GOOD
XXXXXXX: IT ISN'T
XXXXXXX: NOW ALL THE INFO I AM GOING TO SAY IS POSTED IN THE FORUMS AS ARTICLES AND LINKS
XXXXXXX: 1) THE BUDGET IS 20 TRILLION IQD OVER
XXXXXXX: THEY ARE NOT PAYING OR COVERING IT WITH INCREASED OIL PRICES
XXXXXXX: THEY ALREADY STATED THE WAY THEY ARE COVERING IT
XXXXXXX: IS WITH: THE IMF LOAN, DFI MONEY AND EXCESS LEFT OVER FROM THE 2009 BUDGET.
XXXXXXX: SO THIS IS FACT
XXXXXXX: NOW IF YOU ALL REMEMBER LAST YEAR
XXXXXXX: EARLY SPRING
XXXXXXX: OK WE HAVE TO STOP
XXXXXXX: THE SERVER IS GOING DOWN FOR A BIT
XXXXXXX: TO UPDATE TO SOME 7.60 OR WHATEVER
XXXXXXX: THEY JUST STATED IT YESTERDAY THAT IT WAS IN THEIR BUDGET
XXXXXXX: NOW THEY WANT IT AS A STANDBY
XXXXXXX: REMEMBER LAST YEAR
XXXXXXX: WHY WERE THEY IN THE WHOLE
XXXXXXX: BECAUSE THEY WENT AND COUNTED ON THE HIGHER PRICE FOR A BARREL OF OIL
XXXXXXX: THEN WHAT HAPPENED
XXXXXXX: IT PLUMMETED
XXXXXXX: OK SO WHO ARE WE TO BELIEVE
XXXXXXX: PARLIAMENT OR THIS GUY
XXXXXXX: GEEZ I KNEW THEY WOULD KILL IT
XXXXXXX: WELL SO MUCH FOR THAT
XXXXXXX: WELL SO MUCH FOR THAT
XXXXXXX: DID WE NOT SEE THAT THEY GOT 7 TRILLON IQD FROM THE IMF AND WORLD BANK
XXXXXXX: YES OR NO
XXXXXXX: NO CLUE
bearcat: What kind of credibility does "Fazel Nabi" have anyway?
XXXXXXX: NEVER HEARD OF HIM
XXXXXXX: YES AND NO WHAT
XXXXXXX: OK AKUNEWS IS FROM KURDISTAN IS IT NOT
XXXXXXX: IS IT POSTED ON ANY OTHER NEWS SOURCES
XXXXXXX: BOY THAT IS A KICK IN THE GONADS
XXXXXXX: OK I JUST ALSO READ THAT THEY ARE GOING TO MAKE AN EFFORT TO REMOVE IRAQ FROM CHAPTER VII
Breitling: WHEN?
XXXXXXX: OK IT HOLD
XXXXXXX: IT IS NOT THE REMOVAL OF CHAPTER VII
XXXXXXX: BUT REMOVAL OF THE ARMS SANCTIONS XXXXXXX: THAT IS ALL
XXXXXXX: IS IT POSTED ON ANY OTHER NEWS SOURCES
Breitling: HOW CAN THEY NOW NOT NEED THE IMF LOAN?'
XXXXXXX: THERE IS NO WAY THEY WILL BE RELEASED FROM CHAPTER VII UNTIL ELECTIONS
XXXXXXX: B THEY ARE SAYING LIKE LAST YEAR
XXXXXXX: WHEN THE OIL WAS AT 140 BUCKS
Breitling: OK
XXXXXXX: REMEMBER THEY COUNTED ON THAT RATE
Breitling: SO IT IS FROM OLD PROJECTIONS
XXXXXXX: AND THEN IT PLUMMETED
XXXXXXX: NOW THEY ARE COUNTING ON THE 80 BUCKS
XXXXXXX: NOT THE 60
XXXXXXX: WHICH WE KNOW IS A BIG MISTAKE
Breitling: RIGHT
XXXXXXX: ALSO THIS GUY IS SAYING THE IMF LOAN WAS ONLY A RUMOR
XXXXXXX: THIS IS REDICULOUS
Breitling: THATS NOT TRUE
XXXXXXX: BUT MAY NEED IT ON A STANDBY
XXXXXXX: IF I WERE THE IMF AND THEY HAD WASTED ALL THESE MONTHS
XXXXXXX: OFF TIME AND NEGOTIATIONS
Breitling: IRAQ WAS AUDIT AND GIVEN STIPS BASED ON THE PROSPECT OF A LOAN
XXXXXXX: AND THEN TO COME OUT AND OUTRIGHT LIE
Breitling: SOUNDS FISHY
XXXXXXX: THIS IS WHY INTEL CAN NEVER BE COUNTED ON
[XXXXXXX: THIS IS BEYOND EVER CHANGING DYNAMICS
XXXXXXX: WELL THIS PUT THE MANDATORY RV DOWN THE CRAPPER DIDN'T IT
Breitling: YES IT DOES
Breitling: MED CAN YOU IM ME ?
XXXXXXX: I CHECKED ALL THE ONES AND FOUND NOTHING
XXXXXXX: THAT IS A KURDISTAN NEWS PAPER
XXXXXXX: SO I AM LEARY OF IT
XXXXXXX: WHY WOULD AN UNDERLING SAY THIS
Breitling: MED
XXXXXXX: AND NOT THE MINISTER OF FINANCE WHO NEGOTIATED THE DEAL WITH SHABIBI
XXXXXXX: YES B
Breitling: FIRST PAYMENT ON THE 7 BILLION DOLLAR LOAN IS ON MARCH 17TH
Breitling: SO MY QUESTION IS
Breitling: DO THEY HAVE THE PAYBACK RATES TEH UN DEMANDED BACK IN DEC
XXXXXXX: I AM NOW MIFFED
XXXXXXX: WHO IS THIS GUY SAYING THIS
XXXXXXX: I HAVE NEVER HEARD OF HIM
Breitling: CAN YOU IM ME MED?
Breitling: OK v=Breitling: DOES NOT SOUND RIGHT
Breitling: INFACT I THINK THE GUY IS WRONG
Breitling: UNTILL WE GET MORE INFO
Breitling: NO NEED TO SPECULATE ON THAT INFORMATION
Breitling: THE U.N DEMANDED THAT IRAQ HAVE A PAYBACK PLAN FOR IMF LOANS AND SOFT LOANS
Breitling: AND MUST BE IN PLACE BY END OF MARCH
Breitling: SO DONT KNOW HOW THAT GUYS INFO EVEN RELATES
Breitling: WHAT DID MALIKI TELL THE UN B ACK IN DEC ?
Breitling: IRAQ IS TO GO INTERNATIONAL IN 2010
Breitling: IT WAS A LETTER OF INTENT
Breitling: THE UN HAS STATED FOR OVER A YEAR NOW , IRAQ NEEDS TO BRING THE CURENCY INTO INTERNATIONAL TRADE
XXXXXXX: WAIT WAIT B
Breitling: K
XXXXXXX: THAT IS FOR KURDISTANS BUDGET
XXXXXXX: THEY HAVE THEIR OWN BUDGET
XXXXXXX: THAT IS TOTALLY SEPARATE FROM THE GOI
Breitling: YOU MEAN TEH ARTICLE ?
XXXXXXX: Kurdish PM to announce Kurdistan’s 2010 budget today-
XXXXXXX: THAT GUY IS FROM KURDISTAN
Breitling: OK TIME TO XXXXXXXATE MYSELF
XXXXXXX: NOT THE GOI MINISTER OF FINANCE XXXXXXX: I KNEW THIS WAS TURNING PSYCHO
Breitling: DUDE
Breitling: BE HONEST
Breitling: THAT SCARED ME
--------------------------------------------------------------------------------
XXXXXXX: Alaa al-Sadoun said Deputy Chairperson of the F
XXXXXXX: Parliamentary: Iraq has received a loan of $ 7 trillion dinars to cover the deficit XXXXXXX: Alaa al-Sadoun said Deputy Chairperson of the Finance Committee in the House of Representatives that the World Bank and IMF special drawing rights and made a loan to Iraq Bmlbg 7 trillion Iraqi dinars to bridge the fiscal deficit.
XXXXXXX: Said Saadoun, a member of the Accordance Front, said: "The fiscal budget deficit of 21 trillion Iraqi dinars. Sntdark and recycled it through my existing budget of the past year.
XXXXXXX: And the budget in 2010 was calculated on the basis that the price of a barrel of oil to $ 62,5, and the price The current oil is $ 73 a barrel. and this difference would reduce the fiscal deficit.
XXXXXXX: OK HERE IS A HEADS UP ON THE RV XXXXXXX: WAIT XXXXXXX: IRAN IS DROPPING 3 ZEROS XXXXXXX: TO INCREASE THE VALUE OF THE RIYAL
XXXXXXX: THERE IS NO WAY IRAN CAN HAVE A CURRENCY THAT IS WORTH MORE THAN IRAQS XXXXXXX: RIGHT NOW IT IS WORTHLESS XXXXXXX: RIGHT WITH THE DONG XXXXXXX: BRB
XXXXXXX: THE CURRENT EXCHANGE RATED IS 10005 TO 1 USD
XXXXXXX: IRAQ IS 1170 TO ONE
XXXXXXX: 1.00 IRR = 0.000100929 USD
kingwm: it is a lop, not a revalue
XXXXXXX: ARE YOU SURE KINGWM
XXXXXXX: DOES IT SAY LOP
XXXXXXX: OR ARE THEY REMOVING THE 3 ZEROS
kingwm: the iran money, isn't that what dropping 3 zeros means?
XXXXXXX: NO IT IS NOT NECESSARILY
kingwm: i read in an article today they were dropping 3 zeros
XXXXXXX: YES SO DID I
XXXXXXX: BUT HERE IS THE DIFFERENCE
kingwm: then i ,may not quite understand it fully
XXXXXXX: ARE THEY DROPPING IT OFF THE CURRENCY
XXXXXXX: OR OFF THE RATE OF EXCHANGE?
XXXXXXX: THERE IS A DIFFERENCE
XXXXXXX: THERE IS A DIFFERENCE
XXXXXXX: 1.00 IRR = 0.000100929 USD
kingwm: i dunno that, i hope that is a rhetorical question kingwm: because for some reasons the rial has depreciated and we should bring its real value back,"
XXXXXXX: OK HOLD ON
XXXXXXX: IT IS NOT RHETORICAL
kingwm: that statement amazed me earlier
kingwm: i wasn't sure, it looks like a lop to me, but i am a newbie
XXXXXXX: CUZ IT CAN HAVE AN ANSWER
kingwm: i meant rhetorical in the that you already knew the answer when you asked the question
XXXXXXX: HAVE YOU BEEN INVOLVED IN A LOP BEFORE
kingwm: nope
XXXXXXX: WHEN VN LOPPED
XXXXXXX: OR DEVALUED
XXXXXXX: SORRY BAD ONE
XXXXXXX: NOW IT COULD BE
XXXXXXX: IF THEY ARE IN HYPERINFLATION XXXXXXX: WHICH FOR THE LAST 20 YEARS THEY WERE
XXXXXXX: NOW UNDERSTAND WHETHER THEY LOP OR DROP 3 ZEROS kingwm: the artivcle says they don't understand why their currency has lost so much value XXXXXXX: BECAUSE THEY ARE ON THE OFAC LIST AND CONSIDERED A TERROR STATE
XXXXXXX: THAT IS WHY
XXXXXXX: REMEMBER A COUNTRY HAS TO WANT THEIR CURRENCY
XXXXXXX: THAT IS ALSO WHAT BRINGS IT VALUE
XXXXXXX: WHO WANTS IT TO TRADE WITH
XXXXXXX: THE US WON'T
XXXXXXX: BUT IRAQ WILL NOT BE ABLE TO STAND BY
XXXXXXX: AND HAVE THEIR CURRENCY VALUED THE LOWEST IN THE GULF
XXXXXXX: NOW REMEMBER
XXXXXXX: WITH THIS HAPPENING NOW IRAQ HAS LOST PURCHASING POWER WITH ANY TRADE AGREEMENT WITH IRAN XXXXXXX: IT NOW WILL TAKE MORE IQD TO BUY IRANIAN GOODS XXXXXXX: INSTEAD OF VISE VERSA
XXXXXXX: DOES THIS MAKE SENSE?
XXXXXXX: NOW WE HOLD OUR BREATH
VICE COMMENDS THE GOVT'S ACTIONS FOR THE PROTECTION OF IRAQI FINDS ABROAD
Commended the President of the Finance Committee in the House of Representatives Alaa al-Sadoun the Government's actions to protect Iraqi funds abroad, which will end the mandate of the Development Fund for Iraq by the end of the year.
Saadoun said that the government's actions to protect Iraqi funds good, especially after doing the transfer of these funds from U.S. banks to other more confident. She explained: The Chairperson of the Finance Committee that the government also sought to remove Iraq from Chapter VII of the Charter of the United Nations.
http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://radionawa.com/(X(1)A(8BtcLj7RygEkAAAANTgwZmEwMzctOTBmMi00OGUyLTg1YTYtZmQ4MzRmNTUzNWU2cZU_kIwB7nEkWnecsNGLTIM5ZGE1))/ar/NewsDetailN.aspx%3Fid%3D73370%26LinkID%3D99%26AspxAutoDetectCookieSupport%3D1&prev=hp&rurl=translate.google.com&usg=ALkJrhiBVleOgfg8js6vZkCedTNN-BkT7Q
Saadoun said that the government's actions to protect Iraqi funds good, especially after doing the transfer of these funds from U.S. banks to other more confident. She explained: The Chairperson of the Finance Committee that the government also sought to remove Iraq from Chapter VII of the Charter of the United Nations.
http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://radionawa.com/(X(1)A(8BtcLj7RygEkAAAANTgwZmEwMzctOTBmMi00OGUyLTg1YTYtZmQ4MzRmNTUzNWU2cZU_kIwB7nEkWnecsNGLTIM5ZGE1))/ar/NewsDetailN.aspx%3Fid%3D73370%26LinkID%3D99%26AspxAutoDetectCookieSupport%3D1&prev=hp&rurl=translate.google.com&usg=ALkJrhiBVleOgfg8js6vZkCedTNN-BkT7Q
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