6-26-2012 Newshound Guru SWFloridaGuy Locally the currency may be exchanged at branches of the Rafidain and Rasheed banks. The Iraqis will have a time limit to deposit all their dinars to facilitate the change into the lower denoms. Iraq is positioning themselves to become economic leaders both regionally and globally and no longer will they be isolated from the international community. Iraq got to where they are today with a lot of help. They received this help, not because they are a charity case, but rather because (like we do) others see Iraq's potential. Therefore in order to profit themselves, they have been willing to offer assistance in the reconstruction, rebuilding the infrastructure and revitalizing the banking sector, thus helping the CBI institute the framework for a functioning monetary policy that achieves stability. Simply put, a revaluation is an upward change in the currency's value and that is what is on the horizon for the Iraqi Dinar!
6-26-2012 Newshound/Intel Guru BGG They will continue proceedings against Maliki. He’s in some trouble and he knows it. What will be a surprise is when the Parliament officials show up at his office one morning requesting his immediate presence before the House…we haven’t seen the last of the “no confidence proceedings”. Things are just now picking up a head of steam in Parliament.
6-26-2012 Newshound Guru SWFloridaGuy FACT: Democratic governments only redenominate in response to hyperinflation. FACT: Authoritarian governments only redenominate in the presence of civil conflict. Neither of these conditions describe Iraq. I believe once the zeros are removed from the IQD the large notes will retain their value. I also believe a rate somewhere on par with the USD is realistic. Anywhere close to equal the USD would make it a historic revaluation. In my opinion this has all been part of a very well-orchestrated plan and the end result will be a very favorable outcome for all parties involved. We will see the removal of the zeros and a simultaneous revaluation of the currency. [“continued in post 4…stay tuned”]
6-26-2012 Intel Guru BWM the news so far today has been very good on our behalf…I don't think there is a massive "coverup" for the RV… it will happen and prolly in relative obscurity.
6-26-2012 Newshound Guru Mike I believe this next Parliament Session will be one of the most productive sessions for the Iraqi Parliament in a long time. We will see laws being passed…being read…being done very quickly – We will see CBI being supported in whatever they need to do and the country trying to move forward. They are at a key critical economic point at this time in their future…they need to establish their economy and to make sure the central Bank is working with the government…They need to add value to this currency. They dont want to wait and do this over a long period of time. They want to become a significant player very quickly.
6-26-2012 Intel Guru Bluwolf IT RV'D MONTHS AGO. THIS IS JUST ITS MOVEMENT THRU ITS BANKING SYSTEM. YES, IT DID RV A WHILE BACK AND NOW WE AWIAT ITS INTERNATIONAL RELEASE. WE HAVE COME ALONG WAY AND WE ARE FINALLY THERE.
6-26-2012 Newshound Guru Enorrste This week should be decisive on the Maliki issue. If so, our RV could be only days away. I'm convinced that Shabibi wants it done either with or right after the Tariff Law goes into affect. I suspect that by the end of this week we should have a pretty clear picture. We've waited this long, so a few more days won't hurt us, right?
6-26-2012 Newshound Guru SWFloridaGuy Many overlook the psychological aspect and simply focus on the economic implications. Establishing their credibility is also a major factor, not only with their own citizens but also with international capital markets. Iraq must revalue their currency if they ever hope to be respected as a borrower and a location for private investment in the eyes of global capital markets. This is NOT going to be a case of redenomination. The Iraqi dinar is not being recalibrated due to years of struggling with hyperinflation. They are one of the wealthiest countries in the world and soon their currency will reflect that. These foreign central banks that have invested so heavily into the reconstruction of Iraq will prosper and Iraq's debts will be paid. [“continued in post 3…stay tuned”]
6-26-2012 Newshound Guru Mike Remember…the key here is that we really do not care who runs their government per se – it needs to be set up with the Strategic Counsel or however they set that up – that needs to be inplace – once that foundation is in place and the 140s are voted on and the rules are voted on then you're there. You've got Parliament changing and saying we need to get these things done for our people.
6-26-2012 Newshound Guru Enorrste I will state that I believe we are very close at this time…while we have speculated on timing now and then, we aren't so bold as to name an actual date. We always keep the door open since the situation is "fluid" and involves a great deal of politics. We are confident, however, that the trigger could be pulled at any moment now. Shabibi is on record that "all preparations are complete and we are only awaiting consensus among parliament and the government to move forward". [“continued in post 2…stay tuned”]
6-26-2012 Intel Guru Bluwolf THERE WAS A TIME WHERE 1.49 WAS A BLESSING,THEN 3.22 WAS A BLESSING, NO WE WILL BE BLESSED WITH DOUBLE DIGITS, JUST WAIT AND ACCEPT THE END NUMBER…I CANNOT SHARE THE RATE NOR THE DATE, OK, I WANT IT DONE SAFELY AND QUICKLY…SO THAT IS WHY WE DO NOT SPEAK..PLEASE UNDERSTAND. IT IS NO LONGER IN IRAQS HANDS. THERE POLITICAL ISSUES ARE OF NO CONCERN FOR THE INTERNATIONAL RELEASE. IRAQ IS JUST WAITING FOR THE INTERNATIONAL RELEASE JUST AS WE.
6-26-2012 Newshound Guru SWFloridaGuy There was an excellent article released. "The Iraqi Parliament and the Finance Committee supports the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency. The removal of three zeros is expected to raise the value of the Dinar as well as facilitate dealing with the currency and the payroll system in the country." No country has ever accomplished what Iraq is about to. They have reached this stage with a lot of help and I propose this is by design and all part of the ingenious reconstruction plan for Iraq. Economic policy is influenced by international capital markets and also by foreign central banks. This revaluation is how the government of Iraq will reassert monetary sovereignty, dedollarize and and give the citizens confidence in the national currency. [“continued in post 2…stay tuned”]
6-26-2012 Intel Guru DinarWishes Well Peeps things look really great for this to come to a close.
6-26-2012 Intel Guru BWM we are EXCHANGING CURRENCIES... something that happens everyday for travelers going to and from country to country… IF we sold the currencies in our banks AND CURRENCY exchange locations (not collectives exchange locations) then we can safely dictate that unless the currency is declared NON TRADABLE by OUR government then we will continue to exchange the dinar for dollars.
6-26-2012 Intel Guru Hammerman Last night 48 media organizations were closed down in Iraq then an additional 11 were ordered to shut down. They are trying to keep information from getting out. Iraq passed 20 laws, 6 of them were related to the RV over the weekend. 3 more were passed today [Monday]. Also, the CBI put some articles stating that they were doing a test run, 2 day trial period on the smart cards. They also said to prepare for new coins and new bills on the street. The HCL and Erbil were both done on Friday according to my sources. Point blank, it's a finished deal. It's a finished, finished thing. Over done.
6-26-2012 Newshound Guru Mike We have seen articles about Maliki trying to take Najafi out and other things going on. One of the things Maliki did is close 44 news agencies in Iraq. These things are starting to weigh very heavily on all of the political peoples minds…because it is looking alot like Sadam and what a dictator would do – Shut down the news, etc...thats why the news has been very sketchy and crazy lately…We are looking forward to things happening – this could be an exciting next couple of days…be prepared for anything to happen on the government side.
[gretco] All – going to leave for a while – we do not seem to be going anywhere. Appreciate Bluwolf – know he is giving all he can to us.
[bluwolf] gretco CORRECTION, WE ARE GOING FORWARD…NOTHING HAS BEEN DOWN GRADED OR HELD UP…JUST BECAUSE YOU HAVE NOT SEEN IT DOES NOT MEAN IT IS NOT HAPPENING AS WE SPEAK
[believeinangels] bluwolf it's a shame other site leaders took advantage if you guys
[bluwolf] believeinangels THOSE SO CALL LEADERS FROM OTHER BAD SITES HONESTLY DO NOT EITHER KNOW US AND LACK REAL INFORMATION, AND NOW THAT WE ARE NOT TALKING THEY ARE FRUSTRATED..IT'S AN EGO THING.
[gretco] bluwolf – do you think we are looking at another 2-6 months?
[bluwolf] gretco HOW FAR IN TIME DO YOU WANT THIS DREAM TO GO????
[BWM] GOOD EVENING EVERYONE… Looks like another day of KMart "blue light specials" on guru cards… geez
If your name means a mythological "shape changer"… ppl prolly shouldn't listen to you… that says it all
[BWM] ok let's put the whole "iraq doesn't have to honor the dinar cashin" scheme…
[BWM] first of ALL… UST regulated banks SOLD the dinar… UST regulated banks will BUY the dinar back… SO, that would exhibit the distinct FACT that the U.S. government RECOGNIZES AND HONORS the Iraqi dinar… then you understand that currency OUTSIDE of the ORIGINATING COUNTRY are covered by the COUNTRY HONORING the CURRENCY WITHIN IT'S BOUNDARIES… bilateral or not, the FACT that the U.S. Banks recognize the dinar means they RECOGNIZE THE CURRENCY…
[BWM] please understand we are EXCHANGING CURRENCIES… something that happens everyday for travelers going to and from country to country… IF we sold the currencies in our banks AND CURRENCY exchange locations (not collectives exchange locations) then we can safely dictate that unless the currency is declared NON TRADABLE by OUR government then we will continue to exchange the dinar for dollars
5K Collectible IQD Notes – Uncirculated: $ 7.95 each
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