Iraq an economic Study

So, Turki is gone from CBI back to his old job at OFS. Before you get too bent out of shape, read what I've come up with so far, and see if you can help.



The Central Bank's investigations and its former officials sentenced to prison

7/8/2013

Baghdad-Iraq-7 August: parliamentary sources said that "the integrity Commission reached a decision review investigations by the Iraqi Parliament on Central Bank after discovering gaps concerning the accuracy of information and weak evidence and political motivation."

The sources predicted that "substantial changes in the structure of the Central Bank of Iraq in particular conservative agency exemption Abdel Basset Turki and returned to his job as head of the Office of financial supervision."

She stated that "Dr. bhuie_deol Deputy Governor of the Central Bank for many years, a candidate for Governor."

Abdul Basit Turki has earned the loyalty of Iraqi Central Bank workers to double their salaries twice and gave them 36 a year instead of 12 salary at the time of the transfer of dozens of staff from the Office of financial supervision for the Central Bank of Iraq and two directors appointed three new agency.

In the meantime the Rusafa Criminal Court issued a sentence of one year on the former Central Bank Adviser on the Abu Naila was the second of its kind after the sentence to six months ' imprisonment against former Director

Hazem Al-Ani as Central Bank sentenced to six months in prison on a tax Manager in cases of dereliction of duty. Finished



[link to www.microsofttranslator.com]
--



Revbo:
Remember when Turki was installed as CBI governor, there was a lot of talk about him occupying two positions and that being unconstitutional, since there's supposed to be a separation between CBI and the government, and the Office of Financial Supervision is certainly part of the government. If this Deol guy is really a long-time deputy governor, maybe he's down with the Shabibi plan, or at least the float.


I did a little more research and discovered that it looks like Bhuie_Deol is not a real person.

Incidentally, the only Deputy governor of CBI listed on their website is Zuhair Ali Akbar.

[link to www.cbi.iq]

Guys, if it's Zuhair, this is a really good sign. I can't post it, because the original link is gone, but if you Google "Zuhair Ali Akbar CBI," you'll get a few links to an article he wrote a couple years ago when he was head of CBI's Basra branch entitled "The Independence of the Central Bank of Iraq" wherein he lays out a really strong case for non-intervention by the government in the affairs of CBI.

As it turns out, GLP is not DinarAlert, so I can post a competitor's link here. It's from DinarSpeculator from a couple years ago, and the original link is gone, but there are enough copies of the article that I'd say it's real.

[link to www.dinarspeculator.com]

Last Edited by Revbo™ on 08/07/2013 04:00 PM

Here's Akbar on currency replacement from a couple weeks ago. More good stuff. He certainly understands the plan, so if he is, indeed, the man, there shouldn't be much of a delay.


And said the deputy governor of the Iraqi Central Bank Zuhair Ali Akbar: “The government banks in the provinces did not stop the withdrawal of currency damaged from circulation, however, put an ambitious plan to print the categories of alternative techniques of high quality,” adding that “the categories that will replace the damaged printed on paper better than the paper used in the printing of banknotes to neighboring countries. “

I remember that

Update: Bank back screens are still reflecting live.
Expectancy of rv at any second.
Iraq internal rv confirmed, banks ready, personnel ready, emails ready, waiting
on announcement which should be at any second.
Chinese power day within 2 hours.
My opinion, all will be release within protocols... both banking and political timing has a short fuse.
8-7-13 18:55 Bluwolf

Rate: $11 plus IQD $2 VND. Supposedly both will go live together.

Last Edited by Proud American Supporter on 08/07/2013 10:26 PM

I had Tony's Blogtalk program up but did not get to listen today. What is he saying now?

I didn't have a chance to listen but the transcript is up.

[link to www.tntdinar.com]

oh... ok thanks

back from the land of Banned. lol. Looks like things are still on hold. But that could change at any second. lol

Not wanting to get the membership to protect against blanket banning?

It would seem that Iraq still needs more work on their banking systems....





Posted Yesterday, 11:46 PM

Member: Finance Committee is preparing a special law for banks with participation of experts and international consultants

Member: Finance Committee is preparing a special law for banks with participation of experts and international consultants
08-08-2013 08:19 AM
Baghdad (newsletter). Member of the Finance Committee, MP for the Kurdistan blocs Coalition//Jimmy, the intention of its special Act legislation for banks supports the Iraqi banking system with the participation of international experts and financial advisers.

He said capable (News Agency): the current banking law is supportive of banks permitted investment and technological techniques in modern banking, being a work in old non-innovative mechanisms and not keeping pace with developments in world banking.

He noted: there is a strong desire by the discreet global banks to enter the Iraqi environment and open branches in Iraq, especially after the departure of Iraq from Chapter VII, which was imposed by the United Nations, but they run several obstacles such as the Banking Act.

He added: the Finance Committee and with the participation of international advisers and financial experts are preparing a special law for banks supports the Iraqi banking system, developed by a series of seminars and workshops for a modern and advanced legal formula./finished/8. g./
- See more at: [link to www.ikhnews.c...h.6oCV1KmG.dpuf]

Read more: [link to dinarvets.com]

They sure do. I don't know that they need these laws in place for their monetary reform, but their banking laws are ancient compared to the rest of the civilized world. I think the presence of Citibank, JPMorgan, and Standard Chartered shows that banks will deal with Iraq despite that, but it sure couldn't hurt to modernize.

I don't get it... what the heck have we been reading this past year about banking reforms and modernizing the banks? Didn't that coincide with their WTO qualifying?

I don't think they are qualified for WTO just yet, and these banking laws are probably mostly the reason. It's still a backwards, socialized, planned economy, and they really need to liberalize the whole system.

Not sure it was a blanket ban. I touched a nerve with a couple of posts, lol.

Yeah, they don't have many rules around here, but certain subjects are verboten. I learned the hard way, you can't even send a PM with that stuff in it. My crime, for which I was banned for three months a few years ago, was for talking about the other place that is the reason why we can't type the l-word here. I won't even mention the dark stuff ts was talking about. Bad boy, ts.

TNT TONY CALL Today – 1 PM EST

You can use the blogtalk radio link and listen on the computer. WE ARE GOING BACK TO THE OLD NUMBERS FOR THE CALL TODAY AT - That means that we will be maxed out so PLEASE USE ... www.blogtalkradio.com/tntdinar for our radio program if you can...347-850-8289 direct line to blogtalkradio..... WE HAVE A TNT BRIDGE FOR CALLERS....LISTEN ONLY! (NO Q&A) 559-726-1300 156090# TNT Bridge (Listen Only) …. FOR Q & A dial 559-726-1300 PIN 409029# - Please ONLY dial the Q & A line IF you intend to ask a question ….. Thnx!

Just read the following on TNT chat.

Today - Wells Fargo sent out a memo after hours to all banks stop all currency trading immediately = lockdown Wells Fargo currency rate system also down last night the announcement is targeting today - they have been meeting 24 straight (or close to) last days final approvals are imminent on the politician’s severance packages”, they all got their figures for their skrs (dinars) balances showing in accounts, but funds not available yet the global currency resent is underway.

A "Must Read" Update from Mnt.Goat at TNT Forum Thurs. AM

Hi Everyone, Just wanted to do a quick post to help us all keep on track for this blessing about to come to.

I have to say I am not surprised to see all the suggestions as to why we have to wait so long. Actually they are kind of interesting and some very humorous. Funny how none seem to speak to what is really happening but funny to read. You Americans are funny people !

No it is not waiting for EID or any holiday for that matter. It never is or was in the plan. Why would anyone hold up a global plan to restructure so many currencies, pay off a war time debt for the sake of timing to a countries holiday?

No its not because Dr Shabs said Iraq wanted to have the blessing for 3 or was it 7 or maybe it was 10 days before the rest of the world so they could see them roll around in abundance, show off and tease the rest of the world with their newly found wealth.

No its not because Obama is holding it up cause he needs more time to put a new tax law into place.

These rumors come from people who know very little about the big picture and what is really going on behind the scences.

Remember when Kuwait revalued? Even if you were not personally involved you probably heard a story or two as to how it revalued in Kuwait and the new rate went international but the US banks did not get the active rate until 10 days later. Remember?

This story was told and retold if not a thousand times a million times a couple years ago. It is what got many of us into this investment...is it not? Think to yourself as why this may have happened.

Most news rates get almost instantly posted in FOREX and show up the same day as active rates at the bank. This happens nearly most every month. So why was this so different?

So why was Kuwait any different?

Kuwait was different because they needed to devert any terrorist activities and to watch for the market reaction to the revaluation. It was to be an enormous jump in rate. Their currency was downgraded due to market fluctuations not because they went to a provisional currency due to severe sanctions.

There was also an agreement in place that the USA government would exchange its holdings of the currency first prior to any other country or even its own citizens. USA had some very large sums of the currency to exchange like in the trillions of dinar. This was in fact the main reason for the hold up back then as far as you seeing it.

The rate also needed to go international prior to the USA doing its exchange but at the same time not allow the masses to touch it. So you don't need to wonder any longer. Oh...our memories are short.

Remember also that soon thereafter the USA deficiet was greatly reduced and for the first time in a long time the USA had a surplus? How did this happen - literally overnight?

They were able to do this because they paid down so much of the deficeit that now there was much less of the revenues (intake from taxes, tarriffs, etc) now going to pay interest on a much smaller national debt thus less interest paid and more revenues left over.

Thus the USA went from a debtor nation to a nation of surplus. This suddenly increased the financial rating of the USA and later allowed G.W, Bush the latitude to finance the war on terrorism.

The USA credit rating now soared and allowed investors to take a stake in the war. Another rule of thumb - if you want to really find out what is going on...FOLLOW THE MONEY !

This entire plan was laid out way before the second invasion of Iraq. Unfortunately this brought the USA back to a debtor nation when the second war began when the spending in excess started once again. There was much complaining from all the politicians. Something had to be said to quiet the investors.

One of G.W. Bush's famous speeches evolved around him saying that this war would pay for itself many times over or something like that. This was a well thought out, intentional speech. The timing of the speech was perfect. It is one of those speeches that will never go down as one of the great speeches in history, but maybe it should.

Honestly I never really liked your president G.W Bush. I always thought of him as a boy in a man's suit. I could see Dick Cheney always in the back drop. Maybe he should have been the main man.

Anyhow...this speech was done not just to quiet the politicians but to assure the financial markets that there is a plan in place to satisfy everyone...just wait and see was the real message.

There was also a whole lot of the Kuwait currency unaccounted for since they decided not to recall and issue new notes. They agreed to do the newer, more secure notes at a later date and perhaps move them out in circulation in conjunction with the Iraq dinar remove the zeros project.

I see they are now completing their project in line with the Iraq project. Yet just another good milestone for us to watch.

So where are we now with the Iraq Dinar? Why the hold up?

If you read my last post earlier this week you would now know that the remove the zeros project is well underway and moving along. Iraq has done an in country RV and it has gone international (only as far as the technical aspects go, not yet publically international i.e bank is holding and no FOREX posting).

It is now going on its 8th day of retreiving the final 3 zeros notes from the in country circulation and replacing them with the newer bills of smaller denomination or credits to the bank accounts.

I am still waiting to see the new coins issued. I have not heard about this as of yet but that does not mean that it did not happen. It is not a huge event but they are keeping it quiet. Normally there are articles that come out for such an event. Anyone see any ? They are in very good shape.

So why have we not seen the new rate at the bank as of yet?

Let's us all take a deep refreshing breath of air. Too bad you are not here. You could take a hike with me up the Alpine and gather some of that crisp mountain air in your lungs. Oh well...

First of all we are still in that 10+ day window. Will it take the entire 10 days? I don't know but I am told we should not expect to see the rate live until after 10 days at least and that makes August 10 our best date to begin to have a real possibility.

Remember what I said about the Kuwait revaluation and the USA "cashing out" first. Well don't you think this is exactly what they are doing also this time.

This is the grand scheme and guts of the plan. First you rack up the debt then you find a way to pay for it. Gotta laugh.. sounds like some of us and our credit cards....lol...

So why we wait for our blessing? I need you to think about what your US government is doing right now. I mean right now during this 10 day waiting period. Oh gosh....I said 10 days!

That's sounds so familiar doesn't it? My oh my where have I heard that before? Could it be the same waiting period needed as with the Kuwait revaluation? Read on and I'll tell you.

Today and yesterday and the day before your government is exchanging trillions of Iraq dinar for USD with the Central Bank of Iraq (CBI) for part of the USD that they are recovering from their citizens.

Folks this is the aftermath of the removing the zeros project. It is absolutely amazing how it all fits together itsn't it? I am not making this up. This is the plan being implemented behind the scences, right before our eyes, as I write this post.

The USA gets it dollars back and Iraq gets de-dollarized. Why did the CBI suddenly go over 80 billion in foreign currency reserves? Its the holding of the USD (the money recovered from the citizens) and they are now exchanging it for the IQD held by the USA.

They are also now making some huge global financial transactions to their debtor nations as investors as part of paying off the national debt. They must pay them off in USD. They are getting this USD from the CBI. Its a huge shuffle game. Since most of this debt was incurred for the war on terrorism they are essentially paying off a wartime debt.

We should all expect some weird stuff in the global markets in the coming days. Just watch and see. It is a good time to be an investor.

The US Savings Bond Program
They do this after every war. Just look back in history and it speaks for itself. This is nothing knew only we are now involved and we the people ( I luv to say that cause it makes me feel patriotic) are now part of the investors.

We are involved and we are impacted so we now know about it. Also this post is educating you yet even more. We are direct investors kind of like they decided at some time to use the Iraq 3 zero notes like they used the US Savings Bonds in the past. Only the Bond program, as we all know it, was going down the tubes and they did not think it could be resurrected with any great success to get the kind of investors that were needed for this high level of debt in such a short period of time.

We are a small majority but we look at the amount of funds they were able to raise! Amazing is an understatement. So as investors we too now must get paid back and with interest.

This folks is not just any ordinary currency revaluation and money exchange. When the presidential executive order was issued to allow us own Iraq dinar it was a creed that had much deeper implications. Why are the rates going to be so high? Why do the rates keep going up? The longer we wait for a return on our investment the higher the payout....just saying...

They are attempting to set a presidence here too. Maybe for future wars? Funny how I keep wondering why they essentially canned the US War Bond idea for funding a war. Did you notice how the banks don't even carry them anymore. You can still purchase them but only through special order with the UST. Folks this is not coincidental.

Okay lets set another rule...can we? This rules says NOTHING IS COINCIDENTAL

Dig deep enough and you will find what really happened and why the event took place..no matter what the event. It did not just occur as we are lead to believe most of the time.

This is what was so unique about G.W. Bush's plan this time to fund the war on terrorism. Whenever I think about it I say to myself a big fat Wow! I am making history. My children will read about me someday in the history books! Okay I got a little carried away...they will read about this event in the history books and I and we are all part of it.

I was always told the only ones that benefit from a war are the financiers of the war. I always wondered how I could tap into this as one of the investors. Well I did for this war and so have you.

Did not your president Obama just recently have a news conference where he said there is a new plan to solve this financial crisis and we will see it in the coming days? (or something close to this). Why would he have said this unless he had a plan? What could that plan be?

Summary:

Sorry for such a long post once again and I know my english es ist nicht so gut.

I just thought that we all should know what is now taking place in the backdrop and stop worrying so much about the payoff and blessing we are all about to receive.

Be ready when the banks get the go ahead for live rates. It won't be much longer. Have a plan in place and follow it. The USA government "cash in" is almost completed, Iraq nearly has completed its remove the zeros project and the CBI desparatey needs to suck on our 3 zeros notes ASAP. In reality the phase II of delete the 3 zeros project has already begun. Hurray ! We just have to wait our turn.

Peace and Luv to ya all.

Mnt Goat (From Bavaria, Germany)

Tony reporting from another call in progress ... Tony is now saying it has been leaked in Iraq that they plan to release the new rate on 8/8 because of the prosperity significance of "8." Also beginning of the post-Ramadan EID feasting. Person is saying he has multiple confirmations of this. Also saying he's just off the phone with his guy (probably Mort) whose traders called him late last night and said they'd be calling back sometime today to tell him to come to Reno. Said all cards active and international, banks are open today all through the weekend. They're saying RV tonight, rate $11.63 This is apparently coming from someone else's call ... info being credited to GeorgieBoy, who is reportedly a financial industry person.

Last Edited by Proud American Supporter on 08/08/2013 12:54 PM

Got to admit I like the german Goat.

Baring the news issue, both presentations have made as much sense or more than the many other Ideas that have been presented over the last few month. So we will know in a few days and if it RV's all will forget about Goat.

Check this out. I did the same experiment at [link to translation.babylon.com] and it worked, so we've got two sources where "Delete the Zeros" translates back to "Leading Zeros." I've seen that translation pop up once or twice, but it almost always translates to "delete the zeros." tlar has been relying on the one or two times it has translated as "leading zeros" to make his point that it's zeros coming off the exchange rate (.00086 to .86) forever, but I wasn't really convinced. I'm a lot closer to being convinced.



Hairball51:
Everyone knows that the issue we debate every single day a new article comes out is the issue concerning the translation of the phrase "delete the zeroes" and what it means. I may have just stumbled upon something pretty remarkable yet so simple...let me explain.

The issue has never been one of translation but one of the true meaning of the translation. It got me to thinking about how to find out the meaning of the words in Arabic. So here is what I did...

Knowing that dictionaries give us the meaning of words, I thought about trying to look up the meanings of the words in Arabic. I went to dictionary.com and found the section where you can translate words and phrases from one language to another. I set the translation parameters at "English to Arabic" and typed in the phrase "delete the zeroes" and hit translate. What I got back was this " حذف الاصفار". I then switched the parameters from "English to Arabic", copied and pasted the Arabic phrase "حذف الاصفار" and hit translate. The result almost knocked me off my chair! The result was..."leading zeroes"!!!!

See, a translation in Google just tells us the English words but it doesn't give us meaning...only dictionaries do! So the meaning of the phrase "delete the zeroes" is translated "leading zeroes"! This is a game changer folks! This means the nominal value! Every time they have been mentioning "delete the zeroes", they have been meaning the "leading zeroes" from the nominal rate which turns .00086 to .86!!!!

You can try this for yourself folks by going to dictionary.com and following the above directions....GO RV BABY!!!!


Read more: [link to dinarvets.com]

Last Edited by Revbo™ on 08/08/2013 02:17 PM

I had gotten it mixed up with her being with WF. She was with the IMF.


Thursday Afternoon Dinar Rumors and Opinions
08/08/2013

Stage2Omega:

DIRECT INTEL 11:24 AM EST TODAY

PER CONVERSATION WITH CONTACT AT C.M.E. TRADERS ARE LOOKING FOR SOMETHING TO TAKE PLACE WITHIN THE NEXT 24-28 HOURS,

**********

(Dinar Recaps Note: All Should be considered RUMOR AND OPINION until we are at the bank!!!! This is a fluid situation and everything is subject to change until the RV/GCR has officially happened)

Last Edited by Proud American Supporter on 08/08/2013 02:42 PM

Seriously dude. Stop posting that shit from Tony TNT, It's all rubbish, lies, pumps! Surely you must have worked this out by now???

Did I say I like tlar???!!! hahaha

He is thinking like me!

Anyway, I have used that babylon translation before for Iraqi news. Still doesn't help that much :(

So, we have two different meanings... one for the nominal value/rate( leading zeros) and one for the actual currency (deleting zeros)

Please don't ask for ANY censoring of the posts here.

I believe that the vast majority of us who come to GLP for Dinar news do so with a very clear understanding of how the pumpers work. Therefore, we can make up our own minds and decided for ourselves what to believe, or not believe.

You are entitled to your opinion, but I want to form my own.

Thank you very much.

I tend to agree! ;)

Agree...people who can read...post and say the word "fuck" without coming unglued more or less are those of the "critical thinking" crowd and can filter the BS as they see it.

By the way...did I just say "fuck"?

AC United Kingdom - FUCK OFF...

Picture of qi card
[link to www.facebook.com (secure)]

and here -

[link to tntdinar.derderpader.com]

Last Edited by Proud American Supporter on 08/08/2013 03:55 PM

It's GLP, buddy! Where the "fuck"s flow like water and there's always a shitstorm on the horizon. I agree with y'all. To each his own. This is one of those rare friendly threads, and Alex is a good guy.

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