Iraq an economic Study

Agreed, and bottom line, the potential upside is so great, why would I even worry about this guy's scenario? If it goes his way, I break even, or at worse, lose a couple thousand dollars. If it goes my way, I make a pile. The thing these l o p-sters always seem to conveniently forget is nobody has his life savings in dinars. They act like it's such a dire situation, and you've got to get out now or you'll lose everything. Well, everything ain't that much in this case.

Let's say I had $50 on a spin of a roulette wheel, and the odds of losing my $50 were 99%, but if I win, I make $100,000. The odds of that happening are only 1%, but I'm still staying in just for the potential payoff. That's not to say I think the odds of us making a pile of money are 1%. I think they'll float it, raise the rate gradually, and we stand to make a killing over some as yet undetermined period of time.

The poster above is presenting a false dichotomy. It's either l o p or RV for him. If Iraq were to RV, I believe he would have a point. CBI's reserves would be in danger in any large overnight change, especially if it's in-country only, but CBI has, on multiple occasions during the past year, expressed its intention to move to Article 8, and an Article 8 currency is internationally convertible. Can't be Article 8 if you make any exchange in-country only. That's the very definition of an Article 14 currency. By floating the dinar under Article 8, the world determines the rate, and CBI doesn't have to pay for it. Win-win for everyone.

well it seems like at least 3 of us believe the author of the article has an ax to grind. Haters going to hate.

Yeah, that guy is an America-hating dick, and his l o p gurus are no more believable than Tony or Okie.

Just look at the way "Zahlid" writes:

20/02/2014 Zahlid said: i spoke today with my seniors in iraq and i can assure you the stalling is about over by maliki ,the cbi is now ready with there plans and laws in place to proceed with the RD i was told today they are looking at 15th march for events to be made international,yes thedate could be brought forward or moved but at this time i am being told to be in iraq for the beginning of march for 1 month as this will be a momentous occasion for my country to once again be accepted internationally.

Substitute "RV" for "RD" and it could easily have been written by Bluwolf.

He says the "RD" is "our president's wishes," which means he doesn't know his own country's politics, because Talabani is the president of Iraq, and he's been incapacitated (more likely dead) for over a year now, and has expressed no wishes one way or another about anything during that time. Presumably, he means Prime Minister Maliki, but that's a glaring error.

He refers to the "RD" at all. Sure, a redenomination is a real thing, but the shorthand is not used by professionals. That's a Dinarland forum thing.

He also gives advice to try and smuggle dinars into Iraq after the l o p just to get your money back. No professional adviser to the CBI would give such advice. The world holds, by most estimates, somewhere between 5-10 trillion dinars. An in-country l o p would absolutely result in a cottage industry of Iraqi exchangers of foreign-held dinars, which, in a l o p scenario, would drain $5-10 billion, or somewhere between 6 and 12% of CBI reserves of dollars. Why would they do that when a float drains none of those reserves, and all those dinars stay in bank vaults around the world? His in-country l o p floods Iraq with an enormous amount of dinars that have been safely out of Iraq, and not contributing to inflation, for years. His scenario creates the exact same thing that we're so afraid of here where the dollar gets replaced as a reserve currency and all those overseas dollars come home and we start paying $12 for a gallon of milk.

Not to mention the whole "screwing the world" thing. A l o p pisses off a lot of people, people who put Iraq's leadership in its position. What about the war? We've got 5000 dead soldiers and $6 trillion invested in that place. For what? A few oil contracts? At the rate they're going, it would take a thousand years for us to recoup that investment in "Iraqi Freedom."

This thread rocks.

I have held and continue to hold dinar for over 10 years now.
Because of my modest investment,a lot of my family and friends also hold modest amounts of dinar.
Some still enjoy the ride,others have forgotten they're on one
and wait to be reminded.lol
It is because of guys/gals like you we will be in till the end/beginning.
Thank You.

Best place in Dinarland that nobody knows about.

And we have this guy.

Last Edited by Revbo™ on 02/20/2014 01:51 PM

He might just a shill for the NWO to discourage investors though.

I'm pretty sure that was the point of the stunt he pulled a while back.Despite whatever lame excuse he gave,it just seemed waaaay over the top

I haven't looked a BI - nor do I want to read the posting above from BI.

Right O - he does not like Americans.

Glad I just read what you guys wrote about the article. Saved my eyes! haha

I would much rather come here to GLP and get all my RV news then to sit day after day, after day listening to Gurus like Tony, okie and others like them. Gets to be way to much after hearing it for a few years straight.

Here's another little bite from DA's Iraqi TV Transcript Service that was in today's Iraqyia News broadcast. We see talk from economists and Iraqi politicians calling for "reevaluating" the dinar and the deletion of zeros every single day, and it gets a little monotonous, but today's had a little twist.

Apparently, there was a private meeting between some "influential members of Parliament" with the various political blocs and they issued a statement again calling for the reevaluation and deletion. They have said before, and they reiterated it today, that they will continue to pressure the government and the CBI every day until it happens.

Last Edited by Revbo™ on 02/21/2014 02:56 PM

Thanks for the green, y'all, and the suggestion, Roy. Got my gas mask dude back.

Last Edited by Revbo™ on 02/21/2014 02:59 PM

Thanks Rev!

GO RV

Kaperoni:
This news appears to be the result discussed today in ITTS.

They seem pissed off and are saying no more excuses..we have united and want to get this done. And I agree, those that have been reading ITTS the last week or so have seen the effort and persistence to push this forward. I expect to see variations of this article all over Iraq this weekend.


Experts: Delete the zeros from the dinar increases its strength against the dollar and easy to draw a price policy

02.22.2014 (0:01 pm)



BAGHDAD / Nihad Kazim

He said experts and specialists in regard the country's financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar, in addition to facilitating the drawing political price in the country, as demanded a parliamentary committee by clicking on the government, "which disrupted the project" to force it to be implemented through texts Constitutional which allows the printing of a new currency, pointing out that the country's exit from Chapter VII, and to achieve the balance of Iraq's 76 billion dollars in international banks catalysts to delete the zeros.

The decision of the Commission on Economy and Investment parliamentary Mahma Khalil said in an interview with the "long" The parking Government against activating the decision to delete three zeros from the Iraqi currency under the pretext of fear of counterfeit currency is not justified, especially as the regional climate is ripe after the withdrawal of Iraq from Chapter VII and raced companies Global investment to invest in Iraq. He added that there is a legitimate action as a means of pressure on a government to force it to retreat from its position, including recourse to the constitutional provisions that allow the printing of a new currency and to address the weakness of the Iraqi dinar against the U.S. dollar as a necessity of economic urgency after that had a balance of Iraq's sovereign global banks 76 billion dollars. For his part, said economic expert Majid picture "long" The Central Bank of Iraq in agreement with the Ministry of Finance presented the studies necessary for the process of deletion of zeros since 2008 and has taken all actions relating to the restructuring of the Iraqi currency, including the design of the currency and denominations and the quality of paper used her, who confirmed that from the finest stainless paper cash or difficulty falsified. He added that the executive branch has decided to postpone the process of restructuring of the Iraqi currency, which led to the cessation of all actions related to this project, explaining that the aim of the restructuring process is to reduce the cost of handling and facilitate transactions handled, especially medium and large as well as to facilitate the draw price policy in the country. He stressed the need to accompany the process a package of measures distributed responsibility on all departments and state institutions and banks in order to develop solutions to the problems and obstacles that can arise during the process of restructuring, including cash, and accounting, and security as well as take the necessary measures to destroy the currency received canceled. He pointed out that the experience of Iraq to replace the currency in 2003 was very rich, but did not exceed only change the shape of the currency and replace it, so you do not need accounting requirements or legal, calling for the need to educate departments, banks and citizens feasibility of restructuring the currency as well as the use of modern technologies to detect fraud, also called to the non-interference of politicians and subjecting such decisions to Mazidat and political skirmishes, because that is not in the interest of monetary policy and the Iraqi economy. Meanwhile, a financial expert, Thamer Alheimus "long" that highlighted the benefits of the deletion of zeros is to create flexibility and ease of trading, and gave the example that in the case of activation of the decision will be coin values of small Kkhmsin fils or less, and under that will highlight the prices between the fourth dinars and half dinars or less, and thus would be unlikely in a large increase in the value of the Iraqi dinar against the U.S. dollar in the case of Sir prudent monetary policy according to which it will contribute to the improvement of household incomes and low-income social strata.




[link to translate.google.com]
--

That's more like it!

CRIMINAL Court Docs on Tony TNT! He got 4 Years Time!

[link to mriqd.com]

So, who is going to do his show and be the next guru?

Maybe Revbo?

Take it back.

He has my vote along with kap

LittleMiracles still here with ya....just don't have an account anymore :)

Sorry mam...we will need to see some ID

Holy crap. I wish to goodness they would put him in there for life after getting tons of cash from people for donations when according to him he was already in the money. Why would someone who was suppose to be rich be asking for donations??? Like I told a good friend, Tony had money because he was ripping people off.

Oh, and hubby was looking at the CBI and it showed Iraq dinar being at 9 cents us dollars. It also said something about something will be happening on Friday, was busy cooking lunch when he was talking about it, so didn't catch much of it. Anyone want to see what will happen Friday????

Not sure where your hubby got any if this info. The cbi still showing same rate and I can't find anything about the Friday thing...can you ask where in the cbi he is referring to....:)

So, the CoM wants all contracts done in dinars. It's not exactly a legal tender law that outlaws the use of dollars in day to day transactions, but it's a big step.


02/23/2014 14:34

Called on the General Secretariat of the Council of Ministers and the Supreme Judicial Council, the ministries and departments not associated with the Ministry and the provincial councils and all not to enter any financial obligations in foreign currency amounts paid within Iraq and that commitment is performed exclusively in Iraqi dinars.

She said the legal department at the General Secretariat of the Council of Ministers of the Office of Information and Communication said the government also included a call in the event of GATT install the necessary costs in foreign currency should be mentioned Mikablha local currency (Iraqi dinar) according to the prevailing exchange rates.

The call came at the Notes CBI / Directorate General for private investments in this regard the fact that the national currency is the original in economic dealings in Iraq, similar to the countries of the world, as well as to deal in foreign currency, calls for the provision of foreign currency contracts signed in Iraq.



[link to cabinet.iq]


Kaperoni:
Well, my immediate reaction to this is they better go to Article VIII soon. Nobody in their right mind would sign a contract in dinars unless there is a way to get the profits out

Last Edited by Revbo™ on 02/24/2014 12:45 PM

Let's hope this is a read Between the lines kinda sign.....I'm gonna have to go to japan after this china trip and I'm not excited about THAT place at all.....if this thing would go, no more traveling...at least for a living and I will see the USA....when I do travel.

Let's hope so.

Be safe on you trip.