Baghdad (newsletter).The leadership said in a State of law coalition and the National Alliance Deputy//Haitham Al-Juburi said Iraqi list security ministries candidates names will, within a couple of them, Khaled Al-Obeidi,
At the same time referring to: the National Alliance will get the Ministry of national security and intelligence apparatus is the Kurdish Alliance or vice versa.
The House voted by a majority vote of confidence in the Government of Prime Minister Nouri al-Maliki without security ministries on 21 December last year.
The Agency said Al-Juburi of the newsletter) News Tuesday: the National Alliance did not discuss the names of the candidates nominated by the ministries of the Interior and national security, and the Iraqi list have not been sent for this moment, the names of candidates for the Ministry of defence.
National Deputy said: during the next two days, the Ministry will submit candidates, including former candidate, Khalid al-Ubeidi, Minister of State Adam Al-Juburi, is expected to ask Vice President Tariq al-Hashimi, adding that the Ministry of national security, it does not determine the fate of resolved and national intelligence receives the Kurdistan Alliance, or vice versa, or become a Directorate under the Ministry of the Interior.
It was housed within the clusters, National Alliance, have agreed to submit candidates for the Ministry of the Interior and defence next week to Parliament, the Assembly affirmed the need to resolve the issue of the US withdrawal at a meeting of leaders of the political blocs in the home of President Talabani.
Held late Monday at the headquarters of Prime Minister Nuri al-Maliki, the National Alliance meeting in the presence of all the leaders of the Alliance.
A source at the National Alliance (News News Agency): the coalition leaders agreed on the need to submit the names of candidates for the ministries of defence and aldtkhlihh of Parliament soon, preferably next week or the next, before entering Parliament, holiday, which starts on the 19th of August next.
Source: the meeting discussed three important issues (strategic policy Council, the security ministries, the US withdrawal), where it was agreed that the extension of the US forces, and discussion of the topic at the meeting of leaders of the political blocs in the home of President Talabani, did not take the theme into policy Council at the meeting.
The source pointed out: the National Alliance leaders agreed that they will listen to the rest of us withdrawal from the blocks and then will make their position on this matter.
The source said: the leaders of the bloc stressed the need to resolve the issue of security ministries soon./finished/7 n. p.
LINK
Showing posts with label allawi. Show all posts
Showing posts with label allawi. Show all posts
Tuesday, July 26, 2011
Saturday, July 16, 2011
Short Update
Ok all,
I originally started this blog for friends and family members only. I did a couple write-ups, such as http://dinarcentral.blogspot.com/2011/05/why-dont-we-hear-about-this-on-news.html?m=0 that a couple of major Dinar related sites got a hold of, and bam! I started getting hits from other places and it grows everyday. Over the past couple of weeks I have received a few emails from readers thanking me. I appreciate these emails as it tells me I'm helping people, which is indeed my true passion! I am not a "guru" nor do I want to be. I simply aim to provide news as it relates to our investment and views from a normal investor point of view. Thanks again for the emails. Remember the email address is dinarcentral@gmail.com.
Now, where are we currently? Well, it all depends on who you listen to. Personally, I like to follow everything that I can so that my circle of knowledge and views are of a more broad spectrum for my own benefit. In order to do this, I must also follow the rumor mill, but news is still the most trustworthy source on info in my eyes. The proof is simply in the fact that the Dinar has NOT revalued to date, and there have been thousands of predictions from "rumors" stating such things as "it is done" or "it will be done this week" or "we should see it by..." and my favorite one was a certain someone waking everyone up in the middle of the night a month or so ago to claim "it has happpened".. bla bla bla! Guess what? They are all WRONG to date! More recently, articles have surfaced that do indeed show some great progress, though there usually is a contradicting article not to far behind them. I have said all along that at SOME POINT, there would be some smoke and mirrors surfacing. The thing that bugs me is, most people take every article that seems a bit negative on the face, and call them ALL smoke. This has been the case for a LONG time. Now, based on the progress that has been made and the factual news we have all read, there is certainly reason to believe that NOW might indeed be a time for some misdirection. To what degree? Who knows!
So let's take all this and ball it up together and see what we have... My opinion, we are closeer than we ever have been, and we get closer every day. When will it happen? I have no clue, but I will say that based on my experience in this investment, these last few details or "check boxes" are certainly the most difficult to hurdle. There certainly is major progress being made, but we are clearly NOT done if we read the news. I would not be surprised if it went on for a couple months or so. Maybe I'll amend that statement as the days/weeks progress. BUT, based on what I'm seeing, I think it to be the case.
We most certainly could be there, but we will not know until it's all over. I have a lot of friends and family that call me daily about this investment, and I have been giving them my take on this. I do NOT want to ASSUME it's done, I have no real concrete reason for believing that. What I will say is this, it has been stated many times by Shabibi that this is a STRATEGIC plan. So is war for example, it requires the element of surprise in order to protect the country initiating the action, and give them the advantage. If a country decides they are going to war, do they come out and ANNOUNCE it first? NO! They GO TO WAR, and THEN they address their actions. This can easily be compared to that in my opinion. In addition, just like Phoenix3333 said on his show the other night, this is a ONE shot deal. There are NO do overs! It has to be done ONCE and it has to be done PERFECTLY all at once, at the perfect time. What is the perfect time? I have no clue what so ever!
Put your minds at ease knowing that you are in a once in a lifetime investment, you should be HAPPY regardless of when it happens. Do NOT count on this to happen by ANY certain time! Do NOT sit around and wait for it to happen to pay your bills or bail you out of a jam! Do NOT take the rumors seriously as you can not afford to! DO thank god that he put you in front of this once in a lifetime opportunity! DO thank the person that introduced you! DO get your plan and strategy together so you are ready to execute it at a moments notice!
It's like Christmas is coming, only we don't know when :) Be happy and excited, the time will come! Maybe sooner than later, but maybe not. WE SHALL SEE!
Thanks to you all for reading and supporting this blog!
DinarCentral
dinarcentral.blogspot.com
dinarcentral@gmail.com
I originally started this blog for friends and family members only. I did a couple write-ups, such as http://dinarcentral.blogspot.com/2011/05/why-dont-we-hear-about-this-on-news.html?m=0 that a couple of major Dinar related sites got a hold of, and bam! I started getting hits from other places and it grows everyday. Over the past couple of weeks I have received a few emails from readers thanking me. I appreciate these emails as it tells me I'm helping people, which is indeed my true passion! I am not a "guru" nor do I want to be. I simply aim to provide news as it relates to our investment and views from a normal investor point of view. Thanks again for the emails. Remember the email address is dinarcentral@gmail.com.
Now, where are we currently? Well, it all depends on who you listen to. Personally, I like to follow everything that I can so that my circle of knowledge and views are of a more broad spectrum for my own benefit. In order to do this, I must also follow the rumor mill, but news is still the most trustworthy source on info in my eyes. The proof is simply in the fact that the Dinar has NOT revalued to date, and there have been thousands of predictions from "rumors" stating such things as "it is done" or "it will be done this week" or "we should see it by..." and my favorite one was a certain someone waking everyone up in the middle of the night a month or so ago to claim "it has happpened".. bla bla bla! Guess what? They are all WRONG to date! More recently, articles have surfaced that do indeed show some great progress, though there usually is a contradicting article not to far behind them. I have said all along that at SOME POINT, there would be some smoke and mirrors surfacing. The thing that bugs me is, most people take every article that seems a bit negative on the face, and call them ALL smoke. This has been the case for a LONG time. Now, based on the progress that has been made and the factual news we have all read, there is certainly reason to believe that NOW might indeed be a time for some misdirection. To what degree? Who knows!
So let's take all this and ball it up together and see what we have... My opinion, we are closeer than we ever have been, and we get closer every day. When will it happen? I have no clue, but I will say that based on my experience in this investment, these last few details or "check boxes" are certainly the most difficult to hurdle. There certainly is major progress being made, but we are clearly NOT done if we read the news. I would not be surprised if it went on for a couple months or so. Maybe I'll amend that statement as the days/weeks progress. BUT, based on what I'm seeing, I think it to be the case.
We most certainly could be there, but we will not know until it's all over. I have a lot of friends and family that call me daily about this investment, and I have been giving them my take on this. I do NOT want to ASSUME it's done, I have no real concrete reason for believing that. What I will say is this, it has been stated many times by Shabibi that this is a STRATEGIC plan. So is war for example, it requires the element of surprise in order to protect the country initiating the action, and give them the advantage. If a country decides they are going to war, do they come out and ANNOUNCE it first? NO! They GO TO WAR, and THEN they address their actions. This can easily be compared to that in my opinion. In addition, just like Phoenix3333 said on his show the other night, this is a ONE shot deal. There are NO do overs! It has to be done ONCE and it has to be done PERFECTLY all at once, at the perfect time. What is the perfect time? I have no clue what so ever!
Put your minds at ease knowing that you are in a once in a lifetime investment, you should be HAPPY regardless of when it happens. Do NOT count on this to happen by ANY certain time! Do NOT sit around and wait for it to happen to pay your bills or bail you out of a jam! Do NOT take the rumors seriously as you can not afford to! DO thank god that he put you in front of this once in a lifetime opportunity! DO thank the person that introduced you! DO get your plan and strategy together so you are ready to execute it at a moments notice!
It's like Christmas is coming, only we don't know when :) Be happy and excited, the time will come! Maybe sooner than later, but maybe not. WE SHALL SEE!
Thanks to you all for reading and supporting this blog!
DinarCentral
dinarcentral.blogspot.com
dinarcentral@gmail.com
Sunday, July 3, 2011
CBI announces the presence of seven branches of international banks in the country
http://translate.goo...knews/2/249742/
CBI announces the presence of seven branches of international banks in the country
02/07/2011 16:16
Baghdad, July 2 (Rn) - The Central Bank of Iraq, Saturday, that the number of branches of foreign banks in the country of 7 branches.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the number of foreign affiliates in Iraq hit 7 branches and 7 partnerships with private banks which operate in accordance with licensing law No. 94 of 2004."
"The Central Bank of Iraq works on attracting more international banks to raise the level of banking in the country to foreign Ttoiralaguetsad integration and global banking."
He noted that "Iraq is a road map to strengthen the presence of a typical foreign banks in the country based on raising capital and developing banking services Interior, which aims to create a banking environment is characterized by competition."
He said "a few posts a foreign bank not fit with the nature of the Iraqi economy, which plans to open up to the global economy through the banking sector."
And select the CBI 250 billion dinars as a minimum for the establishment of private banks in the country.
The House of Representatives its first session the Banking Act legislation in 2007 to organize the work of private and state banks.
And the central bank of Iraq in February that he would give the number of licenses to establish private banks, stressing that the increase in banks will enhance the economic role of the country.
He denied the central bank in June 24 that the development of Iraqi private banks according to risk is confirmed by the Ministry of Finance regularly.
The total capital of banks, Iraqi Special billion and 600 million dollars now, other than that owned by the branches of Arab and foreign banks operating in the country.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Wanan of Jafar, the Open: Peace Baghdadi
CBI announces the presence of seven branches of international banks in the country
02/07/2011 16:16
Baghdad, July 2 (Rn) - The Central Bank of Iraq, Saturday, that the number of branches of foreign banks in the country of 7 branches.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the number of foreign affiliates in Iraq hit 7 branches and 7 partnerships with private banks which operate in accordance with licensing law No. 94 of 2004."
"The Central Bank of Iraq works on attracting more international banks to raise the level of banking in the country to foreign Ttoiralaguetsad integration and global banking."
He noted that "Iraq is a road map to strengthen the presence of a typical foreign banks in the country based on raising capital and developing banking services Interior, which aims to create a banking environment is characterized by competition."
He said "a few posts a foreign bank not fit with the nature of the Iraqi economy, which plans to open up to the global economy through the banking sector."
And select the CBI 250 billion dinars as a minimum for the establishment of private banks in the country.
The House of Representatives its first session the Banking Act legislation in 2007 to organize the work of private and state banks.
And the central bank of Iraq in February that he would give the number of licenses to establish private banks, stressing that the increase in banks will enhance the economic role of the country.
He denied the central bank in June 24 that the development of Iraqi private banks according to risk is confirmed by the Ministry of Finance regularly.
The total capital of banks, Iraqi Special billion and 600 million dollars now, other than that owned by the branches of Arab and foreign banks operating in the country.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Wanan of Jafar, the Open: Peace Baghdadi
Wednesday, June 29, 2011
http://www.upstreamonline.com/live/article264329.ece
BP inks $90m Iraq contract
BP has splashed out $90 million on a one-year contract at its huge Iraqi oilfield for a pair of oil infrastructure stalwarts.
Petrofac and China Petroleum Engineering & Construction (CPECC) have picked up the deal for inspection, repair and maintenance work at the giant Rumaila field in the south of the country.
UK-based Petrofac will, as leader of the contract, pocket $63 million of the funds, an announcement read today.
"Work will commence following a short transition and the scope of the contract covers rotating machinery, degassing stations and cluster stations," the announcement continued.
BP operates the oilfield which it discovered in 1953 and which is currently producing 1.3 million barrels per day of oil. The British supermajor is currently producing a total of 2.5 million bpd of oil in Iraq.
Chief executive Bob Dudley said earlier this month that he expects Iraq's likely output to be only half of the government's official target of 12 million bpd by the end of the decade.
Petrofac has already scooped one deal in Iraq this year after receiving a $240 million contract from the Shell-Petronas partnership for early production facilities at the giant Majnoon oilfield.
Monday, June 27, 2011
Deputy for the rule of law: resolving the contentious issues will be the one basket
Baghdad (news) .. The member of a coalition of state law and the MP / National Alliance / Ali Kurd, Husseini said resolving the controversy between the blocks, will be a basket and one.
The political scene in a state of tension that could lead to new agreements due to lack of understanding of Council policy strategy, which came across Erbil Convention that produced the Government called the designation of national partnership.
Husseini said in a statement (the Agency news) on Monday: “The Convention on the Erbil included the development of the National Council for the strategic policy, and not vote on the President of the Council within the parliament, pointing out that things are moral one between the political blocs are linked together, such as the security ministries and the National Council and the remaining items of table, grabs one basket. “
He favored the MP for the National: resolve these outstanding issues during the month, after discussing ways to implement the blocks.
Include the remaining items from the desk of Irbil, as they consider Iraqi; First, the balance in the ministries of the state. Second, the revival of the National Council, Third: Turn off the procedures for the accountability and justice, IV: Stop arrests without issuing warrants, V. nominate ministers security and a defense minister exclusively from the candidates in Iraq. VI: Presentation of the Rules of Procedure of the Council of Ministers and the government program for the ministries of the Council of Representatives to review it.
Sunday, June 26, 2011
International banking expert advises global banks to invest in Iraq, private banks to merge
June 26 2011
- Global financial companies want to invest but collided with challenges
- Three private banks on the way to integration
International banking expert stressed the need to integrate private banks now before the entry of foreign banks to invest in Iraq. Head of Board of Directors, murabaha consulting, finance, investment, Dr. Hassan Hamoui, based in London: the merger of banks would in future to impose conditions on any negotiations with any international package.
During his participation in the meetings of the general body of the International Bank of Assyria, adding: that integrate financial power is competitive and fill requirements.. Pointing not to miss this opportunity because the ground is sufficient to integrate interested departments of the three banks started to communicate among themselves.
He hinted that the company registered abetl as Murabaha in Britain a financing institution and an investment consultant looking to Iraq and looking for an investment and we want to enter in the financial markets with either existing banks or in partnership with new banks or even ask new banking products as we participate in banking, we would like to point out that we adopt in our management on profit and look first for risk management and then enter another, meaning that any risk we can afford without affecting our financial and get our profit Investing in Iraq and disclosed that touch through discussions moderated by the Chairman of the Board of Directors of the Bank of Assyria depositary alhanzal that there are three difficulties impede the entry of large investments, despite bone opportunities in Iraq, the first Iraqi banks does not seem able to raise and improve the performance and the second constraint is the issue of solvency and challenge the other is how I invest, I know that sakoki is not acceptable and unacceptable aatmadati in government projects and there is a lack of experience in raising capital.
Promising opportunities in Iraq as a big piece of cake for all international banks that wish to contribute to building Iraq through opportunities and projects should address this matter.
And criticized the handling of private banks, wondering, how do we ask banks to develop their performance and I did not acknowledge their instruments or banking kvalatha? Isn’t this fledgling banks and Iraqi economic system certification certified under the resolutions of the State?
He promised the integration step sound and wise said that integration was one of the options and the best and quickest under the circumstances of the country and less costly, citing a representative of the Central Bank of Iraq which showed soft integration mechanism.
The representative of the Central Bank also spoke on article 13 of the Act on banks, which included steps to be followed when merging banks. Pointing out that integration is a global phenomenon, in Japan, for example, there were more than 60 major banks joined in a giant five banks and now leads the economic development in Japan and elsewhere in Lebanon also joined several banks became 60 banks after 19 banks. He explained that in Saudi Arabia thirty banks have merged into one bank is Saudi Commercial Bank and capital now amounts to us $ 500 billion and more than 1,300 branches throughout the world and is a giant lead development operations In Saudi Arabia and abroad.
Either the Executive Director of the securities market of Iraq Taha Ahmed Abdul Salam has reduced fears of integration and said that this is not the first operation there are mergers between companies in the 1990s these mergers covered by company law and articles of the law of private banks.
Abdul Salam called for the inclusion of securities market and Iraq and the Iraqi filing Centre to discuss the future of companies because they are in contact with this process and to overcome the challenges that may arise from actions to shareholders ‘ rights are reserved. repeated: that integration is not something impossible nor difficult and wished to have a body and market Centre role and presence in these meetings for technical reasons and important to know the future of stock belonging to shareholders after the merge.
Paragraph 8 of the agenda of the plenary to discuss the proposal included Ashur bank merger connector for development and Investment Bank and Union Bank with Bank of Assyria is raised this discussion turned to the WSOP accounted for 6 hours of discussion out of 7 hours per meeting to discuss the agenda of one hour.
Meeting in Jordan will be attended by Iraq, UN, IMF, World Bank as DFI Protection expires June 30
Financial control: the end of the mandate of the Development Fund for Iraq in the UN Security Council next Thursday
Detection of Supreme Audit mandate expires for the Development Fund for Iraq next Thursday June 30.
Detection of Supreme Audit mandate expires for the Development Fund for Iraq next Thursday June 30.
The Court, in a statement received news agency the future, a copy of it, he will be handed over files to the Development Fund for Iraq Committee financial experts after the end of the mandate of the International Advisory and Monitoring on the basis of Security Council resolution No. 1956 in 2010.
The statement quoted an official source in the bureau, said the Iraqi side will host the The last meeting of the International Advisory and Monitoring in the Jordanian capital Amman on Thursday day on 30/6/2011.
He added that the meeting will be attended by President of the Board of Supreme Audit and Chairman of the Committee of Financial Experts, members of the International Advisory and Monitoring, and representatives of the Secretary-General of the United Nations and the International Monetary Fund and the World Bank and the Arab Fund for Economic and Social Development, as well as the representative of Iraq at the International Council.
The Development Fund for Iraq was established after 1995 when the UN Security Council decided to allow Iraq to export oil for food, and converts the money seized has, based on the UN resolution to companies supplying food and medicine to Iraq at the time, as well as the organization of developmental programs after 2003.
Central Bank: deleting zeros from the currency of Iraq had nothing to do with the price or exchange rate
Well, ANOTHER zeros article that's gonna have everyone in a tizzy. Personally, I think they are doing their absolute best to confuse the situation the best they can. Either way, I'm ready for closure. How about you? lol.... My opinion is that this actually CONFIRMS NO LOP. Why? Because a LOP is a DEVALUATION and he clearly states here that the removal of the zeros does NOT effect the exchange rate, BY ITSELF ANYWAY! But guess what? Removal of the zeros followed by an RV DOES! AND if they are introducing LOWER DENOMS then I see only ONE WAY for the value to go... UP!
Central Bank: deleting zeros from the currency of Iraq had nothing to do with the price or exchange rate
Sunday, June 26, 2011 10: 43
LINK
Deputy Central Bank Governor Ahmad abrihi, "deleting zeros from the currency of Iraq had nothing to do with the price and exchange rate."
Abrihi said in a statement all Iraq [where] said Sunday: "some imagine that State want to influence the price or exchange rate (lowered or raised) by deleting the zeroes is invalid".
"Delete zeros had nothing to do with the price and exchange rate and add more categories to delete zeros do currency."
"It is not expected that skimming State to false awareness on economic life and promote illusions disrupt ".
It should be noted that "the plan to delete three zeros from the currency of Iraq is one of the proposed projects. Economists assert that this project will facilitate the cash transactions, because monetization in Iraq complicated; because of the varying currency difference between Iraqi dinars and United States dollar cash transactions may arrive to altrlionat it requires complex calculations to determine the outcome of those transactions in the profit and loss.
The Central Bank of Iraq had decided to restructure the domestic currency to develop payments system in the country, and begin implementing the long-term strategic project, specialize in the restructuring of the local currency of the payment system development.
The "IMF demands Iraq a number of economic measures, including privatizing banks and raise three zeros from the local currency debt and reparations which redirected rests with Iraq, if Iraq's desire to receive the support of the International Fund."Ended 23
Central Bank: deleting zeros from the currency of Iraq had nothing to do with the price or exchange rate
Sunday, June 26, 2011 10: 43
LINK
Deputy Central Bank Governor Ahmad abrihi, "deleting zeros from the currency of Iraq had nothing to do with the price and exchange rate."
Abrihi said in a statement all Iraq [where] said Sunday: "some imagine that State want to influence the price or exchange rate (lowered or raised) by deleting the zeroes is invalid".
"Delete zeros had nothing to do with the price and exchange rate and add more categories to delete zeros do currency."
"It is not expected that skimming State to false awareness on economic life and promote illusions disrupt ".
It should be noted that "the plan to delete three zeros from the currency of Iraq is one of the proposed projects. Economists assert that this project will facilitate the cash transactions, because monetization in Iraq complicated; because of the varying currency difference between Iraqi dinars and United States dollar cash transactions may arrive to altrlionat it requires complex calculations to determine the outcome of those transactions in the profit and loss.
The Central Bank of Iraq had decided to restructure the domestic currency to develop payments system in the country, and begin implementing the long-term strategic project, specialize in the restructuring of the local currency of the payment system development.
The "IMF demands Iraq a number of economic measures, including privatizing banks and raise three zeros from the local currency debt and reparations which redirected rests with Iraq, if Iraq's desire to receive the support of the International Fund."Ended 23
Friday, June 24, 2011
Iraq Said To Be Planning Currency Overhaul, Redenomination
Iraq Said To Be Planning Currency Overhaul, Redenomination
June 24, 2011 BAGHDAD -- A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL's Radio Free Iraq (RFI) reports.
Mudhhir Muhammad Salih, a member of the bank's advisory panel, told RFI on June 23 that in the short term, larger banknote denominations of the dinar will be issued to simplify major transactions.
He said that because so many Iraqis still deal mainly in cash, it is cumbersome to carry bags full of money to pay for expensive items like cars. The inconvenience leads people making such purchases -- as well as many entrepreneurs -- to use dollars for those kinds of transactions instead of dinars, something the government wants to end.
He added that large denominations equivalent to around $100 will be issued to simplify major purchases, and new coins and lower denominations will be introduced for smaller transactions.
In the longer term, Saleh said a redenomination is needed wherein three zeros will be dropped so that the 25,000 Iraqi-dinar banknote -- currently the largest denomination -- becomes a 25-dinar note.
He said the change is inevitable, considering the economy is expecting high growth in the coming years with a planned increase in oil production to finance reconstruction projects.
Saleh said there are currently some 29 trillion dinars in circulation in Iraq, represented by some 6 trillion banknotes of various denominations, most of them quite small. He said this also causes complications for the central bank and government, as well as commercial accounting departments.
Saleh said the monetary-restructuring plan was drawn up with the help of foreign experts and financial institutions, including the International Monetary Fund (IMF), of which Iraq has been a member since 1945.
The plan will soon be presented to the cabinet, which is expected to subsequently send a bill to parliament.
Saleh noted that until 1980 the Iraqi dinar exchange rate was 1 dinar/$3.3 compared to $1/1,168 dinars now due to hyperinflation that occurred during the latter part of the late ousted leader Saddam Hussein's reign.
http://www.rferl.org...n/24245867.html
Milliondays chat comments regarding this article..
[millionday] A LOP IS A TOOL THAT IS USED TO DROP THREE ZEROS ECONOMICALLY FROM A COUNTRY`S INFLATION -
[millionday] THEREFORE -- THE INFLATION HAS THREE ZEROS (MUST BE A 1000 OR ABOVE)
[millionday] SIT ON HANDS NOW
[millionday] THE CURRECNY HAS THREE ZEROS
[millionday] THE PRICES HAVE THREE ZEROS
[millionday] A LOP IS AN INFLATION TOOL
[millionday] THE INFLATION IN IRAQ IS 6.6% THERE IS NO POSSIBLE WAY FOR THEM TO LOP
[millionday] IF YOU DONT SIT ON YOUR HANDS -- YOU ARE GOING TO MAKE ME UPSET
[millionday] THE LOP IS USED WHEN ALL THREE ECONOMIC INDICATORS ARE SHOWING THREE ZEROS [
millionday] THE INFLATION PERCENTAGE
[millionday] THE PRICES
[millionday] THE CURRENCY
[millionday] IN THIS CASE THEY ARE NOT LOPPING
[millionday] THE REASON THAT IT IS CONFUSING SOME -- THEY REFUSE TO READ
[millionday] IF SOMEONE COMES IN HERE WITH THE COMMENT THAT IT IS GOING TO LOP -- KNOW THAT THEY ARE HERE FOR ONE OF THREE REASONS [millionday] 1) THEY ARE LOST
[millionday] 2) THEY DONT READ AND HAVE NO KNOWLEDGE OF ECONOMIC TOOLS
[millionday] 3) THEY JUST DONT LIKE HAPPY PEOPLE
[millionday] THEY CALLED THE CURRENCY "THE THREE ZERO CURRENCY" WHEN THE CHANGE WAS MADE IN IRAQ
[millionday] THE CITIZENS ARE THE ONES THAT READ THEIR NEWS
[millionday] THEIR NEWS IS WRITTEN FOR THE CITIZENS JUST AS OURS IS -- SO REMEMBER THAT WHEN WE ARE READING IT THEY ARE WRITING TO THEIR CITIZENS
[millionday] THE PRICES IN THEIR COUNTRY WILL REFLECT THE NEW CURRECNY
[millionday] IF YOU READ THEIR NEWS AS IF YOU WERE SITTING IN THEIR COUNTRY -- IT MAKES ALOT MORE SENSE --
[millionday] THE REPORTS OUTSIDE OF THE COUNTRY ARE NOT CONTRADICTING -- IT IS JUST MEANT FOR GLOBAL NEWS
[millionday] UNDERSTAND THE CONTEXT AND YOU WILL UNDERSTAND THE ARTICLE
[millionday] ALSO -- REMEMBER THAT WHEN KUWAIT RVD -- THE WORLD WAS TOLD FOR A WEEK THAT THEIR CURRECNY WAS USELESS AND WE DID NOT HAVE INTERNET ACCESS AS WIDESPREAD AS IT IS NOW -- OR THE INVESTORS THAT WE HAVE NOW --
[millionday] DO NOT CONFUSE LOP WITH THE REVALUE OF THIS COUNTRY -- REMEMBER WHAT WE HAVE SAID AT PD AND TRUST US
[millionday] 1) CURRENCY HAS THREE ZEROS
[millionday] 2) INFLATION HAS IT TOO (ABOVE 1000)
[millionday] 3) PRICES HAVE THREE ZEROS
[millionday] ALL AT ONCE
millionday] THANK YOU FOR YOUR RESPECT PLEASE RETURN TO YOUR REGULARLY SCHEDULED PROGRAMMING
June 24, 2011 BAGHDAD -- A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL's Radio Free Iraq (RFI) reports.
Mudhhir Muhammad Salih, a member of the bank's advisory panel, told RFI on June 23 that in the short term, larger banknote denominations of the dinar will be issued to simplify major transactions.
He said that because so many Iraqis still deal mainly in cash, it is cumbersome to carry bags full of money to pay for expensive items like cars. The inconvenience leads people making such purchases -- as well as many entrepreneurs -- to use dollars for those kinds of transactions instead of dinars, something the government wants to end.
He added that large denominations equivalent to around $100 will be issued to simplify major purchases, and new coins and lower denominations will be introduced for smaller transactions.
In the longer term, Saleh said a redenomination is needed wherein three zeros will be dropped so that the 25,000 Iraqi-dinar banknote -- currently the largest denomination -- becomes a 25-dinar note.
He said the change is inevitable, considering the economy is expecting high growth in the coming years with a planned increase in oil production to finance reconstruction projects.
Saleh said there are currently some 29 trillion dinars in circulation in Iraq, represented by some 6 trillion banknotes of various denominations, most of them quite small. He said this also causes complications for the central bank and government, as well as commercial accounting departments.
Saleh said the monetary-restructuring plan was drawn up with the help of foreign experts and financial institutions, including the International Monetary Fund (IMF), of which Iraq has been a member since 1945.
The plan will soon be presented to the cabinet, which is expected to subsequently send a bill to parliament.
Saleh noted that until 1980 the Iraqi dinar exchange rate was 1 dinar/$3.3 compared to $1/1,168 dinars now due to hyperinflation that occurred during the latter part of the late ousted leader Saddam Hussein's reign.
http://www.rferl.org...n/24245867.html
Milliondays chat comments regarding this article..
[millionday] A LOP IS A TOOL THAT IS USED TO DROP THREE ZEROS ECONOMICALLY FROM A COUNTRY`S INFLATION -
[millionday] THEREFORE -- THE INFLATION HAS THREE ZEROS (MUST BE A 1000 OR ABOVE)
[millionday] SIT ON HANDS NOW
[millionday] THE CURRECNY HAS THREE ZEROS
[millionday] THE PRICES HAVE THREE ZEROS
[millionday] A LOP IS AN INFLATION TOOL
[millionday] THE INFLATION IN IRAQ IS 6.6% THERE IS NO POSSIBLE WAY FOR THEM TO LOP
[millionday] IF YOU DONT SIT ON YOUR HANDS -- YOU ARE GOING TO MAKE ME UPSET
[millionday] THE LOP IS USED WHEN ALL THREE ECONOMIC INDICATORS ARE SHOWING THREE ZEROS [
millionday] THE INFLATION PERCENTAGE
[millionday] THE PRICES
[millionday] THE CURRENCY
[millionday] IN THIS CASE THEY ARE NOT LOPPING
[millionday] THE REASON THAT IT IS CONFUSING SOME -- THEY REFUSE TO READ
[millionday] IF SOMEONE COMES IN HERE WITH THE COMMENT THAT IT IS GOING TO LOP -- KNOW THAT THEY ARE HERE FOR ONE OF THREE REASONS [millionday] 1) THEY ARE LOST
[millionday] 2) THEY DONT READ AND HAVE NO KNOWLEDGE OF ECONOMIC TOOLS
[millionday] 3) THEY JUST DONT LIKE HAPPY PEOPLE
[millionday] THEY CALLED THE CURRENCY "THE THREE ZERO CURRENCY" WHEN THE CHANGE WAS MADE IN IRAQ
[millionday] THE CITIZENS ARE THE ONES THAT READ THEIR NEWS
[millionday] THEIR NEWS IS WRITTEN FOR THE CITIZENS JUST AS OURS IS -- SO REMEMBER THAT WHEN WE ARE READING IT THEY ARE WRITING TO THEIR CITIZENS
[millionday] THE PRICES IN THEIR COUNTRY WILL REFLECT THE NEW CURRECNY
[millionday] IF YOU READ THEIR NEWS AS IF YOU WERE SITTING IN THEIR COUNTRY -- IT MAKES ALOT MORE SENSE --
[millionday] THE REPORTS OUTSIDE OF THE COUNTRY ARE NOT CONTRADICTING -- IT IS JUST MEANT FOR GLOBAL NEWS
[millionday] UNDERSTAND THE CONTEXT AND YOU WILL UNDERSTAND THE ARTICLE
[millionday] ALSO -- REMEMBER THAT WHEN KUWAIT RVD -- THE WORLD WAS TOLD FOR A WEEK THAT THEIR CURRECNY WAS USELESS AND WE DID NOT HAVE INTERNET ACCESS AS WIDESPREAD AS IT IS NOW -- OR THE INVESTORS THAT WE HAVE NOW --
[millionday] DO NOT CONFUSE LOP WITH THE REVALUE OF THIS COUNTRY -- REMEMBER WHAT WE HAVE SAID AT PD AND TRUST US
[millionday] 1) CURRENCY HAS THREE ZEROS
[millionday] 2) INFLATION HAS IT TOO (ABOVE 1000)
[millionday] 3) PRICES HAVE THREE ZEROS
[millionday] ALL AT ONCE
millionday] THANK YOU FOR YOUR RESPECT PLEASE RETURN TO YOUR REGULARLY SCHEDULED PROGRAMMING
CBI declares its readiness to start deleting zeros from the Iraqi currency, and add the Kurdish language on the new
Friday, 24 2011
Central Bank of Iraq, Thursday, for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.
Central Bank of Iraq, Thursday, for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.
The adviser said the Iraqi Central Bank Governor appearance of Mohammed Saleh an interview with ” Alsumaria News “,” The zeros are added to the Iraqi currency during the last period, formed a cluster of large cash $28 trillion and 500 billion Iraqi dinars, nearly five trillion banknote, “noting that” the Bank has created all the supplies for the deletion of zeros from the currency ” .
Saleh added that “the process is one of the strategic functions of the Central Bank of Iraq,” adding that “monetary policy of the Bank based on the structure and reduce the volume of currency in a country moving to the stage of the economy.” Salih stressed that “the project to delete the zeros have been completed and will be presented to of the Central Bank of Iraq during its next meeting, and then will be submitted to the Council of Ministers to be presented to the House of Representatives for a vote, “pointing out that” the mechanisms of switching and changing the currency would be gradual preceded by campaigns to educate the citizens. “
Saleh continued that “the new currency that will be printed after the Delete the zeros will contain the Kurdish language in addition to Arabic, as well as some pictures that refer to the heritage and civilizations of Iraq and the symbols of scientists and thinkers the Iraqis. “
The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place in the 19 of June current readiness for the creation of all supplies to replace the Iraqi currency.
The Central Bank of Iraq, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, which was established as a bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, which is responsible for maintaining price stability and implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
Kaperoni's latest chat
You will need to actually READ this to fully understand it. It's AWESOME! I sure hope his translator is as accurate as he says...
I thought this was a good read and wanted to make everyone aware of it. I could not find where it had already been posted.
Kaperoni's last chat
[kaperoni] Hi Everyone. Welcome to ********* Chat.
[kaperoni] I truly feel blessed to have spent the last 6 months on this site with all of you, doing my best to provide accurate insight into this investment. Many of you know me from other sites and the years I spent reading and chatting about the dinar.
[kaperoni] Tonight’s chat will be my final chat.
[kaperoni] This information spells out the conclusion to the RV of the New Iraqi Dinar. The site has many great people who have worked very hard to make it a success,
[kaperoni] from Admin Bob, to Tgirl, LaDonna, ellie and so many more that have contributed in chat and the forums. I want to thank you all for the time you spent and the confidence you showed in this site and its members.
[kaperoni] Bob has opened a new Tab in the Forums for post RV information.. He is committed to keeping the site up for a period of time for each of you to share your stories, your experiences, and whatever else you wish to share with one another.
[kaperoni] The site will shut down at some point, but we both feel the next step is important, and everyone can learn from one another on that process, cashout fees, rates, banks, etc. Please use that Tab to communicate.
[kaperoni] Be assured that the information in this user database will be destroyed. ********* will not sell or give your personal information to anyone. That being said, I have mentioned
[kaperoni] to several that I feel it important that you change your email, and phone numbers. There is a high probability you will be solicited from other sites...
[kaperoni] if you are registered with others of course.
[kaperoni] Ok, lets get started.
[kaperoni] Many of you know I have a great friend who I met a few years ago. He is an Arabic translator and has many times interpreted the articles and links I have sent him.
[kaperoni] His contribution to figuring out this information is simply invaluable. His insight has simply again been invaluable to us a team working to achieve the same goal. He has my full trust and I have tremendous respect for his dedication.
[kaperoni] Thank you my friend the Arabic translator!
[kaperoni] Now, in recent days there have been several articles out pertaining to the dinar. Articles that say, in essence, the preparations are done and they are ready to move ahead with the new currency of Iraq…the lower denominations.
[kaperoni] Tonight, I will share the links to these articles and provide insight from my Iraqi translator friend. His translations often pick up information that the standard translator does not such as Google, Bing. etc.
[kaperoni] Here is the first article..
[kaperoni] Central decides to restructure the Iraqi currency
[kaperoni] http://www.microsofttran ··· 47913%2F
[kaperoni] Here are my friend's views…
[kaperoni] "This article basically states that CBI intends to release a new currency, and that this plan was agreed upon with CBI in conjunction with the IMF as part of Iraq's plan
[kaperoni] for strategic long-term economic development and that the IMF would continue to support the Iraqi economy."
[kaperoni] Do you see what he said?
[kaperoni] This is the plan for them to move forward as the IMF is their guidance.
[kaperoni] "The article states that the new denominations will reach up to 100 Dinars.
[kaperoni] This means that the highest bill that will be in circulation will be a 100 Dinar bill.
[kaperoni] The rate must be realistic with that note being the largest.
[kaperoni] There will be other smaller bills, but the article does not specify what they are going to be (if they will be 1, 5, 10, etc). They state that this will help with payments and purchases
[kaperoni] and make those transactions easier for people and for government transactions, such as paying for war reparations. The article also states that this is a change in tune from what was said earlier in the year, when the GOI denied that there
[kaperoni] would be any changes to the currency."
[kaperoni] Here is the next artricle… Advisor to the Central Bank's "by the people": "Structuring currency" includes lifting of the zeroes and the issuance of new categories
[kaperoni] http://translate.googleu ··· 583%2B%2
[kaperoni] From my translator friend...
[kaperoni] "This one also re-states what the previous articles have said and really discusses more of the reasons for the removal of the 3 zeros and the new lower denoms, which are the same
[kaperoni] reasons that we talked about before, such as giving more purchasing power to a smaller amount of notes (instead of big bills with little purchasing power) and facilitating private and government transactions and reducing inflation and
[kaperoni] strengthening the Iraqi economy, etc. "
[kaperoni] Now here is the last one…Pay close attention to this article….Maliki's meeting of independent bodies
[kaperoni] http://translate.google. ··· 66-.html
[kaperoni] We are going to key in on the bottom paragraphs here, as these are statements from Shabibi himself the head of the CBI….
[kaperoni] "The bottom statement, the one from Shabibi, states that there will be an upcoming change with the Dinar within the next week to no more than 10 days. He says that there
[kaperoni] will be lower denominations in the Dinar, and that he understands that people may be worried about how the new currency will work, but he says that there should be no reason for people to worry about it because it is all really simple mathematical calculations
[kaperoni] and they will quickly learn and get the hang of it. The last part to the statement is not well worded, but from what I understand it is something along the lines of they
[kaperoni] are waiting for a final vote (I assume he is talking about parliament or the council of ministers) and that all the people that were needed for the vote were not present, but they working to get it set up where everyone who needed to be
[kaperoni] present for the vote would be so they could vote and complete the last step needed."
[kaperoni] Ok, we now have confirmation of the RV window!
[kaperoni] More from my translator friend ...
[kaperoni] " It truly sounds promising to me! As I have mentioned when we've talked previously, I wouldn't be worried about the vote because CBI is independent and they have basically
[kaperoni] made up their mind that they are going to RV and they have printed all of this money obviously if they plan to do it within 7-10 days, so I don't think they would have gone through all this trouble if they knew that there was a chance that it could
[kaperoni] be blocked or not approved. I truly believe the vote is just a "legal formality" and that CBI is going to get this done either way. "
[kaperoni] "And truly, 7-10 days is just around the corner, which would be the 30th to the beginning of July, and that is the date that we have been watching out for. "
[kaperoni] That is the end of this chat. I believe we now know the window of the RV, and it is in the month of June.
[kaperoni] Kap
I thought this was a good read and wanted to make everyone aware of it. I could not find where it had already been posted.
Kaperoni's last chat
[kaperoni] Hi Everyone. Welcome to ********* Chat.
[kaperoni] I truly feel blessed to have spent the last 6 months on this site with all of you, doing my best to provide accurate insight into this investment. Many of you know me from other sites and the years I spent reading and chatting about the dinar.
[kaperoni] Tonight’s chat will be my final chat.
[kaperoni] This information spells out the conclusion to the RV of the New Iraqi Dinar. The site has many great people who have worked very hard to make it a success,
[kaperoni] from Admin Bob, to Tgirl, LaDonna, ellie and so many more that have contributed in chat and the forums. I want to thank you all for the time you spent and the confidence you showed in this site and its members.
[kaperoni] Bob has opened a new Tab in the Forums for post RV information.. He is committed to keeping the site up for a period of time for each of you to share your stories, your experiences, and whatever else you wish to share with one another.
[kaperoni] The site will shut down at some point, but we both feel the next step is important, and everyone can learn from one another on that process, cashout fees, rates, banks, etc. Please use that Tab to communicate.
[kaperoni] Be assured that the information in this user database will be destroyed. ********* will not sell or give your personal information to anyone. That being said, I have mentioned
[kaperoni] to several that I feel it important that you change your email, and phone numbers. There is a high probability you will be solicited from other sites...
[kaperoni] if you are registered with others of course.
[kaperoni] Ok, lets get started.
[kaperoni] Many of you know I have a great friend who I met a few years ago. He is an Arabic translator and has many times interpreted the articles and links I have sent him.
[kaperoni] His contribution to figuring out this information is simply invaluable. His insight has simply again been invaluable to us a team working to achieve the same goal. He has my full trust and I have tremendous respect for his dedication.
[kaperoni] Thank you my friend the Arabic translator!
[kaperoni] Now, in recent days there have been several articles out pertaining to the dinar. Articles that say, in essence, the preparations are done and they are ready to move ahead with the new currency of Iraq…the lower denominations.
[kaperoni] Tonight, I will share the links to these articles and provide insight from my Iraqi translator friend. His translations often pick up information that the standard translator does not such as Google, Bing. etc.
[kaperoni] Here is the first article..
[kaperoni] Central decides to restructure the Iraqi currency
[kaperoni] http://www.microsofttran ··· 47913%2F
[kaperoni] Here are my friend's views…
[kaperoni] "This article basically states that CBI intends to release a new currency, and that this plan was agreed upon with CBI in conjunction with the IMF as part of Iraq's plan
[kaperoni] for strategic long-term economic development and that the IMF would continue to support the Iraqi economy."
[kaperoni] Do you see what he said?
[kaperoni] This is the plan for them to move forward as the IMF is their guidance.
[kaperoni] "The article states that the new denominations will reach up to 100 Dinars.
[kaperoni] This means that the highest bill that will be in circulation will be a 100 Dinar bill.
[kaperoni] The rate must be realistic with that note being the largest.
[kaperoni] There will be other smaller bills, but the article does not specify what they are going to be (if they will be 1, 5, 10, etc). They state that this will help with payments and purchases
[kaperoni] and make those transactions easier for people and for government transactions, such as paying for war reparations. The article also states that this is a change in tune from what was said earlier in the year, when the GOI denied that there
[kaperoni] would be any changes to the currency."
[kaperoni] Here is the next artricle… Advisor to the Central Bank's "by the people": "Structuring currency" includes lifting of the zeroes and the issuance of new categories
[kaperoni] http://translate.googleu ··· 583%2B%2
[kaperoni] From my translator friend...
[kaperoni] "This one also re-states what the previous articles have said and really discusses more of the reasons for the removal of the 3 zeros and the new lower denoms, which are the same
[kaperoni] reasons that we talked about before, such as giving more purchasing power to a smaller amount of notes (instead of big bills with little purchasing power) and facilitating private and government transactions and reducing inflation and
[kaperoni] strengthening the Iraqi economy, etc. "
[kaperoni] Now here is the last one…Pay close attention to this article….Maliki's meeting of independent bodies
[kaperoni] http://translate.google. ··· 66-.html
[kaperoni] We are going to key in on the bottom paragraphs here, as these are statements from Shabibi himself the head of the CBI….
[kaperoni] "The bottom statement, the one from Shabibi, states that there will be an upcoming change with the Dinar within the next week to no more than 10 days. He says that there
[kaperoni] will be lower denominations in the Dinar, and that he understands that people may be worried about how the new currency will work, but he says that there should be no reason for people to worry about it because it is all really simple mathematical calculations
[kaperoni] and they will quickly learn and get the hang of it. The last part to the statement is not well worded, but from what I understand it is something along the lines of they
[kaperoni] are waiting for a final vote (I assume he is talking about parliament or the council of ministers) and that all the people that were needed for the vote were not present, but they working to get it set up where everyone who needed to be
[kaperoni] present for the vote would be so they could vote and complete the last step needed."
[kaperoni] Ok, we now have confirmation of the RV window!
[kaperoni] More from my translator friend ...
[kaperoni] " It truly sounds promising to me! As I have mentioned when we've talked previously, I wouldn't be worried about the vote because CBI is independent and they have basically
[kaperoni] made up their mind that they are going to RV and they have printed all of this money obviously if they plan to do it within 7-10 days, so I don't think they would have gone through all this trouble if they knew that there was a chance that it could
[kaperoni] be blocked or not approved. I truly believe the vote is just a "legal formality" and that CBI is going to get this done either way. "
[kaperoni] "And truly, 7-10 days is just around the corner, which would be the 30th to the beginning of July, and that is the date that we have been watching out for. "
[kaperoni] That is the end of this chat. I believe we now know the window of the RV, and it is in the month of June.
[kaperoni] Kap
Subscribe to:
Posts (Atom)