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Morning Rant
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Wednesday, August 31, 2011
Kaperoni Translated Articles
Kaperoni’s Arabic translator looks at 3 recent articles 8/30/2011 DinarAlert site
I sent 3 recent articles to my Arabic translator. These article are listed below and his interpretation/translation. Good stuff and give us a clearer picture of what is happening..
CBI calls for the government to protect the local currency of the “mafias” fraud 8/26/2011
This article is basically saying that there are groups of criminals/terrorists who are trying to hamper the development of the Iraqi economy and are against removing the 3 zeros from the currency. As a result, the article states that they are trying to interfere with the 3 zeros process by flooding the market with millions of counterfeit dinar bills. This causes great difficulty because people don’t really know the difference between the real dinars and the counterfeit ones and the counterfeit ones are being used as legitimate currency and vendors are accepting them and so it is as if the big bills were never really pulled from the market in the first place.
From an economic standpoint, this messes with all of CBI’s plans because they (the criminals) are effectively manipulating the money supply and all the numbers with respect to how many dinars are in circulation and this fake money is not backed by anything and is still being honored and used, and so this severely decreases the purchasing power of the dinar, etc. Saleh in the article goes on to say that CBI is extremely upset about the situation and although it is troubling for them, it is not their job to police the nation’s currency. They are calling on the GOI to investigate and root out these criminals who are responsible and to use their security forces to prevent this production and release of unauthorized currency.
From an economic standpoint, this messes with all of CBI’s plans because they (the criminals) are effectively manipulating the money supply and all the numbers with respect to how many dinars are in circulation and this fake money is not backed by anything and is still being honored and used, and so this severely decreases the purchasing power of the dinar, etc. Saleh in the article goes on to say that CBI is extremely upset about the situation and although it is troubling for them, it is not their job to police the nation’s currency. They are calling on the GOI to investigate and root out these criminals who are responsible and to use their security forces to prevent this production and release of unauthorized currency.
CBI states that they make economic decisions only and are not an enforcement agency and that it’s the government’s job to ensure that things like this don’t happen. The article then talks about all the things that we know, stating that they plan to remove the 3 zeros and decided that on June 22 (the CBI decided) but that the GOI has not confirmed that there will be a change to remove the 3 zeros.
When I step back to think about it, this truly could be one of the reasons for the delay in the RV because, as I am sure an economist would be able to better explain, the availability of so much counterfeit currency would like cause so many negative economic problems and damage a country’s currency.
In that case, CBI might be waiting until the GOI takes action and gets all of this counterfeit currency off the streets and apprehends the people that are responsible. It wouldn’t make sense to release the lower denoms when there is a whole bunch of fake money floating around.
———————————
———————————
Here is the next article…
Shabibi and valid .. The consequences of the dollar crisis of the Iraqi currency 2011-08-27
This article is basically discussing all of the reasons why the 3 zeros need to be removed. The articles discusses the heavy involvement of the US Dollar in the countries of the world as well as in Iraq. The article details how the US Dollar is being widely used in Iraq and that the decrease in the value of the dollar causes prices to increase along with the already inflated prices and causes a surge in inflation. In addition, it discusses how a large majority of Iraq’s earning are in US Dollar because of oil being transacted in US Dollars.
As a result, Iraq is heavily involved in the dollar and this causes a weaking of the Dinar’s strength and so removing the 3 zeros and restructuring in will decrease the US Dollar’s presence in Iraq and will give more purchasing power to people and will have many benefits for the Iraqi economy. The beginning part of the article (the way I understood is) is stating that the CBI has been talking about removing the 3 zeros for the past few days and that they hoped that this would help strenghten the dinar, but it hasn’t really caused a major shift in the rate.
I am thinking that they are referring to the usual daily Forex rates for the Dinar, that they would expect to see the rate go from 1170 to 1151 or something like that, giving some strength to the Dinar and the person writing the article doesn’t believe that removing the 3 zeros will help curb inflation.
Overall, a standard article talking about things that we already know. Maybe the good thing about it is that CBI is addressing yet again the rate of inflation and pushing for the 3 zeros to be removed, so it confirms that the RV is still in the works.—————————————-
Here is the next article…
Ship and the Sea of the central authorities 8/28/2011
Ship and the Sea of the central authorities 8/28/2011
This article is more of an opinion piece by the journalist who wrote it.
They are basically stating that they feel the removal of the 3 zeros will be soon because of all the activity that CBI has been doing with the Finance Committee and the Council of Ministers and how the CBI’s relationship (in his opinion) is still very good and productive with the Finance Committee (FC) and the Council of Ministers (COM). The journalist sees their recent meetings and work as the final steps in implementing the plan, and also states that this demonstrates the rocky relationship that the CBI and the GOI have had because the CBI is not dealing directly with all of the GOI, but just the FC and COM. He goes on to mention the supreme court ruling about trying to take away power from the CBI and other such issues that the CBI has had with the GOI. He goes on to mention the issue with the counterfeit currency that the CBI is upset about and says that the CBI feels that the GOI is not doing enough to take care of that issue.
He finishes by stating that he hopes that the plan to remove the 3 zeros can be implemented successfully before too much damage is done to the country and to the economy by not having a new restructured currency.
Tuesday, August 30, 2011
Frank and Delta call from 8/29/2011
If I were you I would fast forward to around the 23 minute mark. This is where Delta takes over and gives his info. I trust Delta specifically and I like to listen to him.
REPLAY LINK
Frank’s CC Featuring Delta 8.29.11
Frank gives some quick instructions to Delta prior to the call to release all info he wants but to make sure he explains what he gives to us.
Frank explains his mistake with saying fils today instead of coins.
Post 137 from yesterday 8.28.11– Sandman – did a wonderful job of breaking down the CBI article – it should help our confusion; go back and read says Frank.
Only 2 banks left to fulfill Shabibi’s direction to them to have a certain amount by 2013, if I caught that right. This is HUGE Frank says!! He says they are getting this done fast! They have until 2013 to get this done. They are moving so fast.
FDIC coverage coming to Frank’s broker. Frank says this also is huge! It is a break in pattern!
Kim Clement – coming in Sept.
Frank speaks about his new focus with his website.
Frank talks about his broker – something going on with lower denominations – his sources see the lower denoms – they know they are in ATM machines in and out of green zone – Lower denoms are out of crates – in the right areas – in banks – they found out they are destroying the 50 dinar notes. Delta has already affirmed this would occur.
The old currency is being sucked back in - all the last remaining triple-zero dinars through a process. – CBI knows each bank that has certain dinar at their banks. The 50 dinar is the only dinar the Iraqis use now. So, these are being sucked back in and being replaced by coins. The next step SHOULD be the 250 dinar to disappear. Look for this as we don’t know yet when this would occur. But it’s a step in the right direction for our investment. The plan of the Al-Hirita! ; The monetary policy.
Frank explains about his broker has to up the price of dinar as the price from Iraq is going up. Frank explains that THIS is coming! WE don’t know the rate or when it will happen in the still of the night.
Frank talks about his site – speaks about the $15 for the media player for Thursday thru Sunday Intel and special investment info.
Frank Aloha’s the family and leaves call.
Delta gives his Intel
Delta speaks of his CBI contact – on the CBI site there are the CBI auctions – the cash portion – the auctions – 12 million today – they are trying to replace their currency behind closed doors without anyone seeing – confidential – classified – Delta’s contact affirms this!
Quarter and a half dollar coming – both old and new currency will co-exist!! This will go on until the triple-zero currency is replaced - NO TIME LIMIT with exchanging in what we dinar holders have in our possession – we likely have 2 – 3 years to cash in!!
Delta talks about how high the Iraq inflation is right now – 7.5 – 8 % - because everything is imported – 6% interest rates currently – CBI can raise interest rate (but they likely won’t because it’s in a good range) or re-value the currency!
HUGE news about the HCL passing! – Not yet approved – going to parliament for approval now!
Official holiday in Iraq tomorrow will come back next week around the 4 - 6th of Sept.
Delta explains how THIS WILL NOT LOP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! THE REVALUE HAS TO HAPPEN!!!!!!!!!!!!!!!!!!!
Delta talk of his CBI contact – His contact TALKED WITH SHABIBI prior to Shabibi’s trip to the US – asked about the Lower Denominations! Shababi, hopes to God, after the holiday! This MEANS SEPTEMBER THEY ARE LIKELY TO PULL THE TRIGGER!!!! WHOO! HOO!
The article of Saleh about the RED LINE – THEY ARE HIGHLY CONCERNED – THEY KNOW THEY MUST DO THIS – Their backs are against the wall – Nothing left to do but pull the trigger – They are running out of money to work with and now they are beginning to replace the old currency.
June 23 they began working to remove the triple 0s – it started deep within their banking systems and now the process has come to slowly releasing the lower denominations.
Delta explains about the article from a few weeks ago about the dinar 1200:1 dollar. We may see a rate of $.85 to $1.20 initially.
Old andNew dinar to co-exist – help and coordination from the Gov’t to lift the 3 zeros in a discrete manner.
Bluestar – comes on call – speaks of a source he has who posted some info on FSA – wasn’t clear about this – Bluestar poses question to Delta about the timeline Delta thinks that the revaluation will come out and work into the future.
Delta we should be SO VERY HAPPY because of the NO TIME FRAME TO EXCHANGE; because both old and new dinar will co-exist!
Delta says it might be 2012 or 2013 for further revalue of Iraqi currency – but likely to happen faster due to demand on the currency from investment in Iraq.
Delta takes questions
Je’sus mentions a question from forum
Delta says THEY HAVE TO DO SOMETHING NOW! Inflation is becoming a problem
Caller poses question about having lower-denom and being able to cash these in or not. Delta says EVERYTHING WILL BE HONORED!!!! Breathe easy everyone! ALL DINAR WILL BE EXCHANGEABLE for new rate or exchange!
Sept. 8 Shabibi will reveal what they know they have in the ground – their oil reserves and speak of investments in Iraq.
Jerry prays and Delta and Je’sus end call and give an ALOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHA!
REPLAY LINK
Frank’s CC Featuring Delta 8.29.11
Frank gives some quick instructions to Delta prior to the call to release all info he wants but to make sure he explains what he gives to us.
Frank explains his mistake with saying fils today instead of coins.
Post 137 from yesterday 8.28.11– Sandman – did a wonderful job of breaking down the CBI article – it should help our confusion; go back and read says Frank.
Only 2 banks left to fulfill Shabibi’s direction to them to have a certain amount by 2013, if I caught that right. This is HUGE Frank says!! He says they are getting this done fast! They have until 2013 to get this done. They are moving so fast.
FDIC coverage coming to Frank’s broker. Frank says this also is huge! It is a break in pattern!
Kim Clement – coming in Sept.
Frank speaks about his new focus with his website.
Frank talks about his broker – something going on with lower denominations – his sources see the lower denoms – they know they are in ATM machines in and out of green zone – Lower denoms are out of crates – in the right areas – in banks – they found out they are destroying the 50 dinar notes. Delta has already affirmed this would occur.
The old currency is being sucked back in - all the last remaining triple-zero dinars through a process. – CBI knows each bank that has certain dinar at their banks. The 50 dinar is the only dinar the Iraqis use now. So, these are being sucked back in and being replaced by coins. The next step SHOULD be the 250 dinar to disappear. Look for this as we don’t know yet when this would occur. But it’s a step in the right direction for our investment. The plan of the Al-Hirita! ; The monetary policy.
Frank explains about his broker has to up the price of dinar as the price from Iraq is going up. Frank explains that THIS is coming! WE don’t know the rate or when it will happen in the still of the night.
Frank talks about his site – speaks about the $15 for the media player for Thursday thru Sunday Intel and special investment info.
Frank Aloha’s the family and leaves call.
Delta gives his Intel
Delta speaks of his CBI contact – on the CBI site there are the CBI auctions – the cash portion – the auctions – 12 million today – they are trying to replace their currency behind closed doors without anyone seeing – confidential – classified – Delta’s contact affirms this!
Quarter and a half dollar coming – both old and new currency will co-exist!! This will go on until the triple-zero currency is replaced - NO TIME LIMIT with exchanging in what we dinar holders have in our possession – we likely have 2 – 3 years to cash in!!
Delta talks about how high the Iraq inflation is right now – 7.5 – 8 % - because everything is imported – 6% interest rates currently – CBI can raise interest rate (but they likely won’t because it’s in a good range) or re-value the currency!
HUGE news about the HCL passing! – Not yet approved – going to parliament for approval now!
Official holiday in Iraq tomorrow will come back next week around the 4 - 6th of Sept.
Delta explains how THIS WILL NOT LOP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! THE REVALUE HAS TO HAPPEN!!!!!!!!!!!!!!!!!!!
Delta talk of his CBI contact – His contact TALKED WITH SHABIBI prior to Shabibi’s trip to the US – asked about the Lower Denominations! Shababi, hopes to God, after the holiday! This MEANS SEPTEMBER THEY ARE LIKELY TO PULL THE TRIGGER!!!! WHOO! HOO!
The article of Saleh about the RED LINE – THEY ARE HIGHLY CONCERNED – THEY KNOW THEY MUST DO THIS – Their backs are against the wall – Nothing left to do but pull the trigger – They are running out of money to work with and now they are beginning to replace the old currency.
June 23 they began working to remove the triple 0s – it started deep within their banking systems and now the process has come to slowly releasing the lower denominations.
Delta explains about the article from a few weeks ago about the dinar 1200:1 dollar. We may see a rate of $.85 to $1.20 initially.
Old andNew dinar to co-exist – help and coordination from the Gov’t to lift the 3 zeros in a discrete manner.
Bluestar – comes on call – speaks of a source he has who posted some info on FSA – wasn’t clear about this – Bluestar poses question to Delta about the timeline Delta thinks that the revaluation will come out and work into the future.
Delta we should be SO VERY HAPPY because of the NO TIME FRAME TO EXCHANGE; because both old and new dinar will co-exist!
Delta says it might be 2012 or 2013 for further revalue of Iraqi currency – but likely to happen faster due to demand on the currency from investment in Iraq.
Delta takes questions
Je’sus mentions a question from forum
Delta says THEY HAVE TO DO SOMETHING NOW! Inflation is becoming a problem
Caller poses question about having lower-denom and being able to cash these in or not. Delta says EVERYTHING WILL BE HONORED!!!! Breathe easy everyone! ALL DINAR WILL BE EXCHANGEABLE for new rate or exchange!
Sept. 8 Shabibi will reveal what they know they have in the ground – their oil reserves and speak of investments in Iraq.
Jerry prays and Delta and Je’sus end call and give an ALOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHA!
Deputy for the Iraqi ministries are expected to resolve a security meeting of leaders of the blocks after the holiday « The Currency Newshound
Deputy for the Iraqi ministries are expected to resolve a security meeting of leaders of the blocks after the holiday « The Currency Newshound:
'via Blog this'
'via Blog this'
Monday, August 29, 2011
CENTRAL BANK TO POLITICIANS-QUIT DELAYING OUR PROJECT CBI LASHES OUT, SAYS GET OUT OF OUR WAY
29/08/2011 13:53
Baghdad / Orr News
Central Bank Accused of Sabotaging the Political Forces of the Iraqi Economy
The Central Bank of Iraq and the existence of a hidden political forces did not identify to sabotage the economic reality and delay the project to delete the three zeroes. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "political forces behind the sabotage and delay the advancement of the economic reality of Iraq and the project to delete the three zeroes." He added that the "delay the project to delete the three zeroes from the Iraqi currency is very wrong and should speed up the process to delete the zeros for the advancement of the economic reality of Iraq." He continued that "if the Iraqi economy was modified after 10 years, it does not come to the welfare of the people and send a picture of despair in the soul of every Iraqi. "
He was economic adviser to the Iraqi government Abdul Hussein Al-Anbuge has revealed to the media, local, of the existence of mafias are trying to breach the local currency during the project restructuring carried out by the CBI. 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. The Central Bank of Iraq on 22 June he had decided to restructure the local currency in order to the development of the payments system in the country.
LINK
Baghdad / Orr News
Central Bank Accused of Sabotaging the Political Forces of the Iraqi Economy
The Central Bank of Iraq and the existence of a hidden political forces did not identify to sabotage the economic reality and delay the project to delete the three zeroes. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "political forces behind the sabotage and delay the advancement of the economic reality of Iraq and the project to delete the three zeroes." He added that the "delay the project to delete the three zeroes from the Iraqi currency is very wrong and should speed up the process to delete the zeros for the advancement of the economic reality of Iraq." He continued that "if the Iraqi economy was modified after 10 years, it does not come to the welfare of the people and send a picture of despair in the soul of every Iraqi. "
He was economic adviser to the Iraqi government Abdul Hussein Al-Anbuge has revealed to the media, local, of the existence of mafias are trying to breach the local currency during the project restructuring carried out by the CBI. 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. The Central Bank of Iraq on 22 June he had decided to restructure the local currency in order to the development of the payments system in the country.
LINK
Sunday, August 28, 2011
NEW HCL PASSED CABINET-GOING TO PARLIAMENT SOME HAVE SAID THIS IS THE LAST STEP PRIOR TO RV
BAGHDAD, Aug 28 (Reuters) - Iraq's cabinet has approved a long-awaited draft oil law and sent it to parliament for final passage, a measure seen as key for foreign investors seeking more solid legal guarantees.
The new hydrocarbons law has been in the making for years but has faced opposition over who controls the world's fourth largest oil reserves, mainly from semi-autonomous Kurdistan in the north of Iraq.
'The draft of the oil and gas law has been approved and referred to parliament,' a cabinet statement said on Sunday.
Iraq's parliament last month warned the government it would force through a new draft of the law if the cabinet continued to hold up the original legislation, regarded by investors to be a crucial mark of stability in the OPEC country.
'Any other previous drafts should be considered void and should be withdrawn. This draft is the only one presented to parliament,' the statement said.
Investors have been waiting for the law's approval to assure a more stable legal framework for exploration. The law is also seen as pivotal to reconciling Iraq's factions -- especially Iraqi Arabs and Kurds -- as the country rebuilds after years of war.
Even without the law, Iraq is already developing oil-fields, signing billions of dollars in contracts with international companies under legislation dating back to before 2003 when a U.S. invasion ousted Saddam Hussein.
The draft oil law was approved by cabinet in 2007 but faced opposition in parliament and was sent back to the government for amendments. In June, Iraq made some changes to the law, which were being reviewed by the cabinet's energy committee.
(Reporting by Aseel Kami and Ahmed Rasheed; Editing by Serena Chaudhry and David Holmes) Keywords: IRAQ OIL/LAW
(aseel.kami@thomsonreuters.com)(+964 7901 917 031)(Reuters Messaging: aseel.kami.reuters.com@reuters.
LINK
The new hydrocarbons law has been in the making for years but has faced opposition over who controls the world's fourth largest oil reserves, mainly from semi-autonomous Kurdistan in the north of Iraq.
'The draft of the oil and gas law has been approved and referred to parliament,' a cabinet statement said on Sunday.
Iraq's parliament last month warned the government it would force through a new draft of the law if the cabinet continued to hold up the original legislation, regarded by investors to be a crucial mark of stability in the OPEC country.
'Any other previous drafts should be considered void and should be withdrawn. This draft is the only one presented to parliament,' the statement said.
Investors have been waiting for the law's approval to assure a more stable legal framework for exploration. The law is also seen as pivotal to reconciling Iraq's factions -- especially Iraqi Arabs and Kurds -- as the country rebuilds after years of war.
Even without the law, Iraq is already developing oil-fields, signing billions of dollars in contracts with international companies under legislation dating back to before 2003 when a U.S. invasion ousted Saddam Hussein.
The draft oil law was approved by cabinet in 2007 but faced opposition in parliament and was sent back to the government for amendments. In June, Iraq made some changes to the law, which were being reviewed by the cabinet's energy committee.
(Reporting by Aseel Kami and Ahmed Rasheed; Editing by Serena Chaudhry and David Holmes) Keywords: IRAQ OIL/LAW
(aseel.kami@thomsonreuters.com)(+964 7901 917 031)(Reuters Messaging: aseel.kami.reuters.com@reuters.
LINK
steps taken by the Central Bank on the reform of the currency system began to take a serious turn with regard to lifting the zeros from the Iraqi currency- not mine
Maytham Laibi Ship and the Sea of the central authorities
It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, particularly with regard to lifting the zeros from the Iraqi currency, or what is known as the nominal switch of the old currency (current) and change a new currency (in the near future).
This was confirmed to me slowly, and I follow this file since it was launched, and multiple Tagelath.
Recent developments that give signals that the countdown for the project has become the moments of peak recently, is that the recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives, where they discussed what could be called the "touches the final project," and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency.
Observation that struck me the most important and which prove that the project approval process as one of the phrase "reasons", which is usually a discussion on the approach of the final version of any law. What counted this time to central bank's relationship with the Council of Representatives is the general feeling relationship harmony that seem prevalent between them, a relationship we have lost the like between the central government, which turned out to be the intersection of the break and reached a peak of government's attempt to "disarm" the status of independence from the central.
Apparently, the "soft war" between the two are still going on, which can be found in the statements of the Central itself, where he as put the draft lifting of the zeroes to the parliament, confirms that "the new currency is expected to work out can not be falsified", while the Central the other hand, gives signals lined the need to "protect the local currency of the mafias specialized fraud" in the words of the official spokesman for the project raise zeros Mr. appearance of Mohammed Saleh, who asserts that "the Iraqi government claim to prosecute mafia currency trying to use the project to restructure the currency viscous scores of billions of counterfeit dinars, "which he stresses, explaining that" the economic security of allocated central government, not because he is drawing on monetary policy in the country.
The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, and rudder key for this ship is the inventory of game comments but "speaking" one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive, which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.
Ship of the Central swim in the sea powers, will meet!
Maytham Laibi
LINK
It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, particularly with regard to lifting the zeros from the Iraqi currency, or what is known as the nominal switch of the old currency (current) and change a new currency (in the near future).
This was confirmed to me slowly, and I follow this file since it was launched, and multiple Tagelath.
Recent developments that give signals that the countdown for the project has become the moments of peak recently, is that the recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives, where they discussed what could be called the "touches the final project," and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency.
Observation that struck me the most important and which prove that the project approval process as one of the phrase "reasons", which is usually a discussion on the approach of the final version of any law. What counted this time to central bank's relationship with the Council of Representatives is the general feeling relationship harmony that seem prevalent between them, a relationship we have lost the like between the central government, which turned out to be the intersection of the break and reached a peak of government's attempt to "disarm" the status of independence from the central.
Apparently, the "soft war" between the two are still going on, which can be found in the statements of the Central itself, where he as put the draft lifting of the zeroes to the parliament, confirms that "the new currency is expected to work out can not be falsified", while the Central the other hand, gives signals lined the need to "protect the local currency of the mafias specialized fraud" in the words of the official spokesman for the project raise zeros Mr. appearance of Mohammed Saleh, who asserts that "the Iraqi government claim to prosecute mafia currency trying to use the project to restructure the currency viscous scores of billions of counterfeit dinars, "which he stresses, explaining that" the economic security of allocated central government, not because he is drawing on monetary policy in the country.
The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, and rudder key for this ship is the inventory of game comments but "speaking" one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive, which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.
Ship of the Central swim in the sea powers, will meet!
Maytham Laibi
LINK
Maliki plans to launch a campaign to hunt down the corrupt in the state departments 28/08/2011 alsabaah
Magdy Rady demonstration of the Sadrist movement after Eid, calls for reform
Ibgdad - Alaa al-Tai - Muhannad Abdul Wahab
Intends to Prime Minister Nuri al-Maliki launched a campaign to prosecute corrupt departments in the state during the next term.
This was announced by the "morning" in leading a coalition of state law Hassan Sinead, indicating that the campaign includes several aspects.
Sinead said that Maliki will move on several fronts at once, and will seek to "stabilize the security alert and the ministries to implement all the programs of the stomach and seek to rebuild and develop the infrastructure."
He continued: "The campaign includes Maliki move to eliminate corruption and the corrupt in the state departments, as this campaign will be implemented through the method far from the administrative routine depends on the element of surprise for the departments where there is an administrative and financial corruption."
Sinead did not mention the campaign launch date, but he stressed near their implementation in an effort to improve service and urban reality of the country, stressing that the campaign "will not exclude any official no matter how the site was occupied."
It is said that al-Maliki last February set out a hundred a day to improve the functioning of government institutions and development of services, which ended in the seventh of June, to declare a comprehensive assessment of the performance of ministries.
As part of a related, said that the Sadrist demonstrations called by Muqtada al-Sadr is not designed to topple the government.
A member of the Liberal block of the Sadrist movement Zamili deputy governor: "The call is not to topple the government, but the invitation came for the purpose of reform."
He Zamili "morning", that "there is a significant shortfall in services, and the security ministries has not been resolved so far, in addition to the existence of political conflicts between the coalition of state law and the Iraqi List, has affected and impacted negatively on the Iraqi street, and in improving services."
He continued: "The ministries are not followed up properly due to convulsions and conflicts, and this influenced the government's performance. Therefore, we feel the existence of deficiencies within the period granted by Muqtada al-Sadr to improve services, has completed the period did not receive significant progress, although we have seen some improvement in matters of Kaltrchiq government, but we need more than a percent on to improve services and the elimination of unemployment. "
He called on the cleric Moqtada al-Sadr yesterday to protests Magdy Rady in all provinces and cities after the Eid holiday to demand better services, to the expiration of six months granted by the power of the government, recalling the fate of the Arab rulers who rose up on them and their peoples fall, in Tunisia, Egypt and Libya.
LINK
Ibgdad - Alaa al-Tai - Muhannad Abdul Wahab
Intends to Prime Minister Nuri al-Maliki launched a campaign to prosecute corrupt departments in the state during the next term.
This was announced by the "morning" in leading a coalition of state law Hassan Sinead, indicating that the campaign includes several aspects.
Sinead said that Maliki will move on several fronts at once, and will seek to "stabilize the security alert and the ministries to implement all the programs of the stomach and seek to rebuild and develop the infrastructure."
He continued: "The campaign includes Maliki move to eliminate corruption and the corrupt in the state departments, as this campaign will be implemented through the method far from the administrative routine depends on the element of surprise for the departments where there is an administrative and financial corruption."
Sinead did not mention the campaign launch date, but he stressed near their implementation in an effort to improve service and urban reality of the country, stressing that the campaign "will not exclude any official no matter how the site was occupied."
It is said that al-Maliki last February set out a hundred a day to improve the functioning of government institutions and development of services, which ended in the seventh of June, to declare a comprehensive assessment of the performance of ministries.
As part of a related, said that the Sadrist demonstrations called by Muqtada al-Sadr is not designed to topple the government.
A member of the Liberal block of the Sadrist movement Zamili deputy governor: "The call is not to topple the government, but the invitation came for the purpose of reform."
He Zamili "morning", that "there is a significant shortfall in services, and the security ministries has not been resolved so far, in addition to the existence of political conflicts between the coalition of state law and the Iraqi List, has affected and impacted negatively on the Iraqi street, and in improving services."
He continued: "The ministries are not followed up properly due to convulsions and conflicts, and this influenced the government's performance. Therefore, we feel the existence of deficiencies within the period granted by Muqtada al-Sadr to improve services, has completed the period did not receive significant progress, although we have seen some improvement in matters of Kaltrchiq government, but we need more than a percent on to improve services and the elimination of unemployment. "
He called on the cleric Moqtada al-Sadr yesterday to protests Magdy Rady in all provinces and cities after the Eid holiday to demand better services, to the expiration of six months granted by the power of the government, recalling the fate of the Arab rulers who rose up on them and their peoples fall, in Tunisia, Egypt and Libya.
LINK
Kaperoni Chat
Listen, this is a long thread with an article and commentary, but i think well worth the read cause it’s great news !!
HERE IS THE ARTICLE, TAKEN FROM OKIES SITE:
Maytham Laibi
Ship and the Sea of the central authorities
8/28/2011
Ship and the Sea of the central authorities
8/28/2011
It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, particularly with regard to lifting the zeros from the Iraqi currency, or what is known as the nominal switch of the old currency (current) and change a new currency (in the near future).
This was confirmed to me slowly, and I follow this file since it was launched, and multiple
Recent developments that give signals that the countdown for the project has become the moments of peak recently, is that the recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives, where they discussed what could be called the “touches the final project,” and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency.
Observation that struck me the most important and which prove that the project approval process as one of the phrase “reasons”, which is usually a discussion on the approach of the final version of any law.
What counted this time to central bank’s relationship with the Council of Representatives is the general feeling relationship harmony that seem prevalent between them, a relationship we have lost the like between the central government, which turned out to be the intersection of the break and reached a peak of government’s attempt to “disarm” the status of independence from the central.
Apparently, the “soft war” between the two are still going on, which can be found in the statements of the Central itself, where he as put the draft lifting of the zeroes to the parliament, confirms that “the new currency is expected to work out can not be falsified”, while the Central the other hand, gives signals lined the need to “protect the local currency of the mafias specialized fraud” in the words of the official spokesman for the project raise zeros Mr. appearance of Mohammed Saleh, who asserts that “the Iraqi government claim to prosecute mafia currency trying to use the project to restructure the currency viscous scores of billions of counterfeit dinars, “which he stresses, explaining that” the economic security of allocated central government, not because he is drawing on monetary policy in the country. “
The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, and rudder key for this ship is the inventory of game comments but “speaking” one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive, which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.
Ship of the Central swim in the sea powers, will meet!
Maytham Laibi
This was confirmed to me slowly, and I follow this file since it was launched, and multiple
Recent developments that give signals that the countdown for the project has become the moments of peak recently, is that the recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives, where they discussed what could be called the “touches the final project,” and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency.
Observation that struck me the most important and which prove that the project approval process as one of the phrase “reasons”, which is usually a discussion on the approach of the final version of any law.
What counted this time to central bank’s relationship with the Council of Representatives is the general feeling relationship harmony that seem prevalent between them, a relationship we have lost the like between the central government, which turned out to be the intersection of the break and reached a peak of government’s attempt to “disarm” the status of independence from the central.
Apparently, the “soft war” between the two are still going on, which can be found in the statements of the Central itself, where he as put the draft lifting of the zeroes to the parliament, confirms that “the new currency is expected to work out can not be falsified”, while the Central the other hand, gives signals lined the need to “protect the local currency of the mafias specialized fraud” in the words of the official spokesman for the project raise zeros Mr. appearance of Mohammed Saleh, who asserts that “the Iraqi government claim to prosecute mafia currency trying to use the project to restructure the currency viscous scores of billions of counterfeit dinars, “which he stresses, explaining that” the economic security of allocated central government, not because he is drawing on monetary policy in the country. “
The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, and rudder key for this ship is the inventory of game comments but “speaking” one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive, which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.
Ship of the Central swim in the sea powers, will meet!
Maytham Laibi
Here is his commentary
kaperoni] This is a great article because it is written by someone who has followed the events as we do.
[kaperoni] I am going to post several quotes from this article…All amazing…
[kaperoni] “It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, “
[kaperoni] “Recent developments that give signals that the countdown for the project has become the moments of peak recently, “
[kaperoni] “recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives”
[kaperoni] “where they discussed what could be called the “touches the final project,”[kaperoni] “and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency. “
[kaperoni] Wow! I mean this is simply amazing. We can see how close we really are to the end.
[kaperoni] There is much more in this article. They confirm the comments from the Advisor to the Prime Minister regarding corruption or counterfeiters. They also make there point that its there responsibility of security to prevent and prosecute these if found.
[kaperoni] But here is what I like at the end of the article…
[kaperoni] “The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, “
[kaperoni] “and rudder key for this ship is the inventory of game comments but “speaking” one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive,”
[kaperoni] “which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship “
[kaperoni] “survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.”
[kaperoni] They are pretty clear that the actual procedures are being kept quite…that is tatical and in the best interest to prevent issues.
[kaperoni] We need to sit back and watch this unfold. It is about to happen. What a great night![kaperoni] Done.
[kaperoni] I am going to post several quotes from this article…All amazing…
[kaperoni] “It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, “
[kaperoni] “Recent developments that give signals that the countdown for the project has become the moments of peak recently, “
[kaperoni] “recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives”
[kaperoni] “where they discussed what could be called the “touches the final project,”[kaperoni] “and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency. “
[kaperoni] Wow! I mean this is simply amazing. We can see how close we really are to the end.
[kaperoni] There is much more in this article. They confirm the comments from the Advisor to the Prime Minister regarding corruption or counterfeiters. They also make there point that its there responsibility of security to prevent and prosecute these if found.
[kaperoni] But here is what I like at the end of the article…
[kaperoni] “The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, “
[kaperoni] “and rudder key for this ship is the inventory of game comments but “speaking” one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive,”
[kaperoni] “which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship “
[kaperoni] “survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.”
[kaperoni] They are pretty clear that the actual procedures are being kept quite…that is tatical and in the best interest to prevent issues.
[kaperoni] We need to sit back and watch this unfold. It is about to happen. What a great night![kaperoni] Done.
Saleh: Project to delete the three zeroes from the currency needs 2-3 years to implement « The Currency Newshound
My interpretation of this article is that the project will take 2-3 years in order to complete pulling the high denoms out of circulation. However, the initial processes which we are waiting for, can happen at any time.
'via Blog this'
Saturday, August 27, 2011
Central Bank: the new currency can not be falsified
Central Bank: the new currency can not be falsified
27/08/2011
Baghdad morning
The Central Bank of Iraq that the new currency is expected to work out can not be forged. This came during an interview the President of the Finance Committee in the House of Representatives Haidar Abadi, with the Central Bank Governor Sinan al-Shabibi.
During the meeting, according to a statement issued by the commission received "morning," a copy of it, search the project to delete the zeros of the Iraqi dinar and the reasons and legal requirements and accounting and procedural preparations conducted by the Central Bank of the process of printing, transfer and distribution of new currency, in addition to the role of the Finance Committee in support of this project.
The statement quoted Shabibi assertion that «the new currency attributes are difficult to falsify, in addition to the fortifications that put the new currency », pointing out that« the project if implemented will enhance the Iraqi dinar exchange rate against foreign currencies ».
The two sides agreed to hold further meetings to finalize discussions on the project. The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh announced mid-month that the central bank raise the bill to delete the zeros of the Iraqi currency to the government and parliament for consideration and discussion and approval in the event was approved.
Saleh explained in a press statement that «the bill included all the details of legislative and executive on a subject to delete the zeros and the positive economic effects that would leave in the event of approval»
He pointed out that «the bill included proposals for a new currency and the groups that carried and details of technical and economic». and Saleh stressed that «the law, if approved, will have a positive impact in the Iraqi currency in several aspects of the need during the next phase».
LINK
27/08/2011
Baghdad morning
The Central Bank of Iraq that the new currency is expected to work out can not be forged. This came during an interview the President of the Finance Committee in the House of Representatives Haidar Abadi, with the Central Bank Governor Sinan al-Shabibi.
During the meeting, according to a statement issued by the commission received "morning," a copy of it, search the project to delete the zeros of the Iraqi dinar and the reasons and legal requirements and accounting and procedural preparations conducted by the Central Bank of the process of printing, transfer and distribution of new currency, in addition to the role of the Finance Committee in support of this project.
The statement quoted Shabibi assertion that «the new currency attributes are difficult to falsify, in addition to the fortifications that put the new currency », pointing out that« the project if implemented will enhance the Iraqi dinar exchange rate against foreign currencies ».
The two sides agreed to hold further meetings to finalize discussions on the project. The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh announced mid-month that the central bank raise the bill to delete the zeros of the Iraqi currency to the government and parliament for consideration and discussion and approval in the event was approved.
Saleh explained in a press statement that «the bill included all the details of legislative and executive on a subject to delete the zeros and the positive economic effects that would leave in the event of approval»
He pointed out that «the bill included proposals for a new currency and the groups that carried and details of technical and economic». and Saleh stressed that «the law, if approved, will have a positive impact in the Iraqi currency in several aspects of the need during the next phase».
LINK
Kaperoni Chat 8-26-11
[kaperoni] Ok, lets get started.
[kaperoni] I talked in length with Bob today and we both agree that our site is about our members. That being factual and truthful is the reason we opened DinarAlert. So on behalf of all of us who contribute to that concept here, we thank you
[kaperoni] for coming to chat tonight
[kaperoni] First I want to talk about some facts that I have been right about. Facts that over the last year though hard work, research, interpretation, and boots on the ground intel has been more correct than any other guru or rumor site. Facts that support our [kaperoni] concept here (no rumor, no hype) and been accurate.
[kaperoni] This is also a good refesher to "where we are."
[kaperoni] Last October, we told you the CBI had started to remove the larger denominations.
[kaperoni] Last January, we clarified and explained what the true meaning of “delete the 3 zeros” was.
[kaperoni] In March, we showed proof (pictures) that the CBI was holding symposiums teaching people about the new smaller notes that will be introduced.
[kaperoni] In April, we proved the WTO accession would not happen in 2011 by actual words from the US Chamber of Commerce. Therefore, the WTO cannot be used to expedite the RV.
[kaperoni] May and June we continued to explain the preparations that the CBI was doing for this RV. Including that there will be no LOP.
[kaperoni] In August, we explain the significance of the formal completion of the GOI, Erbil agreement and relationship between Maliki, Allawi and the tribal issues that remain a problem. I believe that issue continues to delay the RV.
[kaperoni] Now, let’s get into current news….
[kaperoni] We have all seen this article.
[kaperoni] Iraq: towards the abolition of 3 zeros from banknotes – July 27th, 2011
[kaperoni] Here is a quote..
[kaperoni] “Iraqi Central Bank announced the completion of the preparation of a plan to replace the current banknotes after the abolition of 3 zeros of them, including 30 trillion dinars (26 billion dollars) is the value of expected cash bloc,
[kaperoni] stressing that the timing will be determined by the government and parliament, Iraqi. “
[kaperoni] link http://www.mujaz.me
[kaperoni] Another quote as well..
[kaperoni] “And the International Monetary Fund expressed its support for the Iraqi economy in the event of his number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is
[kaperoni] the responsibility of Iraq.”
[kaperoni] That quote is outstanding
[kaperoni] and clears up why they need to RV
[kaperoni] Now, how do we know they're ready?
[kaperoni] There are several actions or events that have taken place in recent days or weeks…
[kaperoni] “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 2011, ready to create all the supplies to replace the Iraqi currency.”
[kaperoni] And the meeting of the 3rd Conference of Ambassidors July 17th-24th gave them the marching orders.
[kaperoni] And the Pess Release of the Plan to Delete 3 Zeros a few weeks ago on or around 8/4/2011.
[kaperoni] So I can say with confidence that the CBI is ready to do this. And they have the full support of the IMF.
[kaperoni] Now, we need to figure out the “when?”
[kaperoni] Let’s see if we can pinpoint this…
[kaperoni] Here is an article
[kaperoni] Finance Committee meets Iraqi Central Bank Governor Sunday August 21, 2011
[kaperoni] I will quote the article
[kaperoni] "Met Haider Abadi, head of the Finance Committee on Tuesday, 16/8/2011 Mr. Shabibi central bank governor, and also discussed the project to delete the zeros of the Iraqi dinar and the reasons and legal requirements "
[kaperoni] "and accounting and procedural preparations conducted by the Central Bank of the process of printing, transporting and distributing the new currency as well as Commission's role in providing financial support for this project."
[kaperoni] "For his part, Shabibi that the new currency attributes are difficult to falsify in addition to the fortifications that put the new currency and explained that the project if implemented will strengthen the Iraqi dinar exchange rate"
[kaperoni] "against foreign currencies."
[kaperoni] Here is the link, but it wont work in chat...too long
[kaperoni] http://translate.googleu ··· %25A7%25
[kaperoni] Key here is that the Finance Committee/commissions role is “providing financial support”
[kaperoni] So you see, despite the fact that the CBI is independent,
[kaperoni] they need the parliament's approval for several reasons
[kaperoni] including financial support as mentioned.
[kaperoni] Now, today we see this article…
[kaperoni] Central Bank: the new currency can not be falsified
[kaperoni] Some quotes again
[kaperoni] "The Central Bank of Iraq that the new currency is expected to work out can not be forged. This came during an interview the President of the Finance Committee in the"
[kaperoni] "House of Representatives Haidar Abadi, with the Central Bank Governor Sinan al-Shabibi. "
[kaperoni] So we see more details of that meeting last Sunday.
[kaperoni] And another quote…
[kaperoni] These are very good
[kaperoni] "The statement quoted Shabibi assertion that "
[kaperoni] "«the new currency attributes are difficult to falsify, in addition to the fortifications that put the new currency »"
[kaperoni] ", pointing out that "
[kaperoni] "« the project if implemented will enhance the Iraqi dinar exchange rate against foreign currencies ». "
[kaperoni] Pretty clear there folks
[kaperoni] "The two sides agreed to hold further meetings to finalize discussions on the project. "
[kaperoni] "The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh announced mid-month that the central bank raise the bill to delete the zeros of the Iraqi currency to the government and parliament for consideration and discussion and approval
[kaperoni] in the event was approved. "
[kaperoni] Now some quotes from Saleh..
[kaperoni] "Saleh explained in a press statement that
[kaperoni] "«the bill included all the details of legislative and executive on a subject to delete the zeros and the positive economic effects that would leave in the event of approval» "
[kaperoni] "He pointed out that "
[kaperoni] "«the bill included proposals for a new currency and the groups that carried and details of technical and economic»."
[kaperoni] "and Saleh stressed that "
[kaperoni] "«the law, if approved, will have a positive impact in the Iraqi currency in several aspects of the need during the next phase». "
[kaperoni] So you see here that Parliament has to pass the law for this to go forward. The CBI needs financial support apparently for the printing of new notes. Though we know they had some already that were printed at the same time of the larger notes.
[kaperoni] And, apparently, they have not received approval as of 8/16/2011…
[kaperoni] 2011…and we know parliament will not reconvene until 9/6/2011.
[kaperoni] Therefore, we can confirm, if this is an accurate article, there will be no RV until at least 9/7/2011.
[kaperoni] Those who want to follow the Parliament activities can also see all bills passed here..
[kaperoni] http://www.iraq-lg-law.o ··· ker_laws
[kaperoni] Now one last article…
[kaperoni] This pertains to activating the economic conditions in Iraq…
[kaperoni] Minister of Industry and Minerals to meet IAEA chief U.S. 8/25/2011
[kaperoni] Some quotes from this article are good
[kaperoni] “During the meeting which was attended by solution (News) Research and discussion of the draft administrative reform Iraq (project thread management component of national policies and the interdependence of guillotine systems (USAID), “
[kaperoni] “which works closely with the executive offices of national administration of public policies and regulatory reform, as the program of the U.S. Agency for Development International not”
[kaperoni] “endorse the adoption of public policies or specific reforms, but will provide models, tools and technical support to facilitate the achievements of government in policy-making and repair systems. “
[kaperoni] Here is the point...to facilitate the achievements of government in policy-making and repair systems. “
[kaperoni] This looks good as they are working behind the scenes to line up and expedite the laws and reforms needed to make this project a success.
[kaperoni] To summarize, I feel we need to wait and let parliament vote on several issues before we will see the RV, The Erbil agreement, the currency law, and these other economic reforms. Therefore, IMO, we are still a few weeks at best away.
[kaperoni] Done
[kaperoni] I talked in length with Bob today and we both agree that our site is about our members. That being factual and truthful is the reason we opened DinarAlert. So on behalf of all of us who contribute to that concept here, we thank you
[kaperoni] for coming to chat tonight
[kaperoni] First I want to talk about some facts that I have been right about. Facts that over the last year though hard work, research, interpretation, and boots on the ground intel has been more correct than any other guru or rumor site. Facts that support our [kaperoni] concept here (no rumor, no hype) and been accurate.
[kaperoni] This is also a good refesher to "where we are."
[kaperoni] Last October, we told you the CBI had started to remove the larger denominations.
[kaperoni] Last January, we clarified and explained what the true meaning of “delete the 3 zeros” was.
[kaperoni] In March, we showed proof (pictures) that the CBI was holding symposiums teaching people about the new smaller notes that will be introduced.
[kaperoni] In April, we proved the WTO accession would not happen in 2011 by actual words from the US Chamber of Commerce. Therefore, the WTO cannot be used to expedite the RV.
[kaperoni] May and June we continued to explain the preparations that the CBI was doing for this RV. Including that there will be no LOP.
[kaperoni] In August, we explain the significance of the formal completion of the GOI, Erbil agreement and relationship between Maliki, Allawi and the tribal issues that remain a problem. I believe that issue continues to delay the RV.
[kaperoni] Now, let’s get into current news….
[kaperoni] We have all seen this article.
[kaperoni] Iraq: towards the abolition of 3 zeros from banknotes – July 27th, 2011
[kaperoni] Here is a quote..
[kaperoni] “Iraqi Central Bank announced the completion of the preparation of a plan to replace the current banknotes after the abolition of 3 zeros of them, including 30 trillion dinars (26 billion dollars) is the value of expected cash bloc,
[kaperoni] stressing that the timing will be determined by the government and parliament, Iraqi. “
[kaperoni] link http://www.mujaz.me
[kaperoni] Another quote as well..
[kaperoni] “And the International Monetary Fund expressed its support for the Iraqi economy in the event of his number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is
[kaperoni] the responsibility of Iraq.”
[kaperoni] That quote is outstanding
[kaperoni] and clears up why they need to RV
[kaperoni] Now, how do we know they're ready?
[kaperoni] There are several actions or events that have taken place in recent days or weeks…
[kaperoni] “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 2011, ready to create all the supplies to replace the Iraqi currency.”
[kaperoni] And the meeting of the 3rd Conference of Ambassidors July 17th-24th gave them the marching orders.
[kaperoni] And the Pess Release of the Plan to Delete 3 Zeros a few weeks ago on or around 8/4/2011.
[kaperoni] So I can say with confidence that the CBI is ready to do this. And they have the full support of the IMF.
[kaperoni] Now, we need to figure out the “when?”
[kaperoni] Let’s see if we can pinpoint this…
[kaperoni] Here is an article
[kaperoni] Finance Committee meets Iraqi Central Bank Governor Sunday August 21, 2011
[kaperoni] I will quote the article
[kaperoni] "Met Haider Abadi, head of the Finance Committee on Tuesday, 16/8/2011 Mr. Shabibi central bank governor, and also discussed the project to delete the zeros of the Iraqi dinar and the reasons and legal requirements "
[kaperoni] "and accounting and procedural preparations conducted by the Central Bank of the process of printing, transporting and distributing the new currency as well as Commission's role in providing financial support for this project."
[kaperoni] "For his part, Shabibi that the new currency attributes are difficult to falsify in addition to the fortifications that put the new currency and explained that the project if implemented will strengthen the Iraqi dinar exchange rate"
[kaperoni] "against foreign currencies."
[kaperoni] Here is the link, but it wont work in chat...too long
[kaperoni] http://translate.googleu ··· %25A7%25
[kaperoni] Key here is that the Finance Committee/commissions role is “providing financial support”
[kaperoni] So you see, despite the fact that the CBI is independent,
[kaperoni] they need the parliament's approval for several reasons
[kaperoni] including financial support as mentioned.
[kaperoni] Now, today we see this article…
[kaperoni] Central Bank: the new currency can not be falsified
[kaperoni] Some quotes again
[kaperoni] "The Central Bank of Iraq that the new currency is expected to work out can not be forged. This came during an interview the President of the Finance Committee in the"
[kaperoni] "House of Representatives Haidar Abadi, with the Central Bank Governor Sinan al-Shabibi. "
[kaperoni] So we see more details of that meeting last Sunday.
[kaperoni] And another quote…
[kaperoni] These are very good
[kaperoni] "The statement quoted Shabibi assertion that "
[kaperoni] "«the new currency attributes are difficult to falsify, in addition to the fortifications that put the new currency »"
[kaperoni] ", pointing out that "
[kaperoni] "« the project if implemented will enhance the Iraqi dinar exchange rate against foreign currencies ». "
[kaperoni] Pretty clear there folks
[kaperoni] "The two sides agreed to hold further meetings to finalize discussions on the project. "
[kaperoni] "The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh announced mid-month that the central bank raise the bill to delete the zeros of the Iraqi currency to the government and parliament for consideration and discussion and approval
[kaperoni] in the event was approved. "
[kaperoni] Now some quotes from Saleh..
[kaperoni] "Saleh explained in a press statement that
[kaperoni] "«the bill included all the details of legislative and executive on a subject to delete the zeros and the positive economic effects that would leave in the event of approval» "
[kaperoni] "He pointed out that "
[kaperoni] "«the bill included proposals for a new currency and the groups that carried and details of technical and economic»."
[kaperoni] "and Saleh stressed that "
[kaperoni] "«the law, if approved, will have a positive impact in the Iraqi currency in several aspects of the need during the next phase». "
[kaperoni] So you see here that Parliament has to pass the law for this to go forward. The CBI needs financial support apparently for the printing of new notes. Though we know they had some already that were printed at the same time of the larger notes.
[kaperoni] And, apparently, they have not received approval as of 8/16/2011…
[kaperoni] 2011…and we know parliament will not reconvene until 9/6/2011.
[kaperoni] Therefore, we can confirm, if this is an accurate article, there will be no RV until at least 9/7/2011.
[kaperoni] Those who want to follow the Parliament activities can also see all bills passed here..
[kaperoni] http://www.iraq-lg-law.o ··· ker_laws
[kaperoni] Now one last article…
[kaperoni] This pertains to activating the economic conditions in Iraq…
[kaperoni] Minister of Industry and Minerals to meet IAEA chief U.S. 8/25/2011
[kaperoni] Some quotes from this article are good
[kaperoni] “During the meeting which was attended by solution (News) Research and discussion of the draft administrative reform Iraq (project thread management component of national policies and the interdependence of guillotine systems (USAID), “
[kaperoni] “which works closely with the executive offices of national administration of public policies and regulatory reform, as the program of the U.S. Agency for Development International not”
[kaperoni] “endorse the adoption of public policies or specific reforms, but will provide models, tools and technical support to facilitate the achievements of government in policy-making and repair systems. “
[kaperoni] Here is the point...to facilitate the achievements of government in policy-making and repair systems. “
[kaperoni] This looks good as they are working behind the scenes to line up and expedite the laws and reforms needed to make this project a success.
[kaperoni] To summarize, I feel we need to wait and let parliament vote on several issues before we will see the RV, The Erbil agreement, the currency law, and these other economic reforms. Therefore, IMO, we are still a few weeks at best away.
[kaperoni] Done
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