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Iraq an economic Study

 
ReVbo™

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02/04/2013 11:47 PM
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Re: Iraq an economic Study
Posted Today, 10:17 PM hoosier...
This is a whole lot of misleading info purposely being released by the Iraqi media! They have not invested this much time to come out at 1000:1! Its amazing how much time has been put into this by the IMF, World Bank, BIS, United States Treasury, etc,etc,etc.....this is about money!! A whole lot of money!! We will see very soon! God Bless!

Read more: [link to dinarvets.com]

feels better!!
 Quoting: calin


Breathe. It's gonna be okay. Nobody wants to argue with that guy because he's got his own set of facts, and there's really no arguing with that. One of us is right. I think it's us. Time will tell.

hf
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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02/04/2013 11:49 PM
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Re: Iraq an economic Study
Posted Today, 10:17 PM hoosier...
This is a whole lot of misleading info purposely being released by the Iraqi media! They have not invested this much time to come out at 1000:1! Its amazing how much time has been put into this by the IMF, World Bank, BIS, United States Treasury, etc,etc,etc.....this is about money!! A whole lot of money!! We will see very soon! God Bless!

Read more: [link to dinarvets.com]

feels better!!
 Quoting: calin


Breathe. It's gonna be okay. Nobody wants to argue with that guy because he's got his own set of facts, and there's really no arguing with that. One of us is right. I think it's us. Time will tell.

hf
 Quoting: ReVbo™


K! ;)
ReVbo™

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02/05/2013 05:19 PM
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Re: Iraq an economic Study
2-5-2013 Newshound Guru Doc We just came across an article quoting some preliminary 2013 budget numbers. The reports is quoted as the 2013 budget will be 138 billion dinar based on 2.9 million barrels per day export at $90 per barrel. Lets assume the 138 billion dinar number is not a misprint and do the math. First remember oil is sold in USD and not dinar so Iraq is assuming its revenue will be $95.3 billion USD (2.9 billion barrels times 365 days times $90). To convert this to dinar we have to apply the exchange rate they assumed. To convert from $95.3 billion USD to 138 billion dinar they would have had to assume an exchange rate of 1.45 dinar per USD (138/95.3). Another way of saying this is $0.69 USD per dinar which is around the 1 to 1 ratio. It also supports the lower initial rate and float upward strategy which we believe is their goal. [post 1 of 3....stay tuned]

2-5-2013 Newshound Guru Doc Another possibility here is the 138 billion dinar number was a misprint and it should have read 138 trillion. This happens quite often in Iraqi news reports. Doing the same math as previously this suggests the assumed exchange rate was 1448 dinar per USD which we know isn't right since the current program rate is 1166. However, if 1166 is assumed the budget should be 111 trillion dinar and not 138 trillion dinar. This is possible if the 138 trillion number include budget shortfall of 27 trillion dinar ($23 billion) of which was not reported in the article. We have to remember the 2012 budget included about 15 trillion dinar in shortfall. Unfortunately we will not know until more information is made public. The article also stated the vote would not be until Thursday while several articles said Tuesday. So as usual we have conflicting information. [post 2 of 3....stay tuned]

2-5-2013 Newshound Guru Doc So which scenario is correct? Actually we could at this point believe either. We would prefer the first for obvious reasons and it makes sense as we've discussed in length to RV at a lower initial rate and let the market take it upward as Iraq actually produces more wealth. At $0.69 it would definitely start the ball rolling. We continue with our opinion the goal is to get the dinar to its pre gulf war levels of $3+ but it appears this is out several years as has been documented over and over again. Let just hope the 138 billion number was not a misprint. We report, you decide. [post 3 of 3]

Read more: [link to www.dinarguru.com]

Last Edited by Revbo™ on 02/05/2013 05:19 PM
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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02/05/2013 06:05 PM
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Re: Iraq an economic Study
thanks ReV
Munsoned
The name's not boy, it's Roy!

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02/05/2013 06:54 PM

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Re: Iraq an economic Study
So when are they going to put up the big screens?


Rvdog
Freedom requires breathing room, the Constitution presupposes that there will be some crazies among us so that the rest of us can enjoy freedom. - Judge Andrew Napolitano

A huge shit cloud is coming!
Anonymous Coward
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02/05/2013 07:00 PM
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Re: Iraq an economic Study
my friend saw a guy dressed to the nines and he was buying some dinars. my friend is a preacher and has no reason to lie to me. my personal banker gave me a wealth management card. why would he do that? iraq has to rv cause of the budget. i heard super joint treasury and alah-dali IT time are in lock down and can't leave room even to urinate we so so close ships are sinkings.. thanks. tread as rumar.
calin

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02/05/2013 07:05 PM
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Re: Iraq an economic Study
my friend saw a guy dressed to the nines and he was buying some dinars. my friend is a preacher and has no reason to lie to me. my personal banker gave me a wealth management card. why would he do that? iraq has to rv cause of the budget. i heard super joint treasury and alah-dali IT time are in lock down and can't leave room even to urinate we so so close ships are sinkings.. thanks. tread as rumar.
 Quoting: Anonymous Coward 22959707


Gosh, I wish I understood what this said... scratchingscratching
ReVbo™

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02/05/2013 07:05 PM
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Re: Iraq an economic Study
my friend saw a guy dressed to the nines and he was buying some dinars. my friend is a preacher and has no reason to lie to me. my personal banker gave me a wealth management card. why would he do that? iraq has to rv cause of the budget. i heard super joint treasury and alah-dali IT time are in lock down and can't leave room even to urinate we so so close ships are sinkings.. thanks. tread as rumar.
 Quoting: Anonymous Coward 22959707


chuckle
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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02/05/2013 09:37 PM
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Re: Iraq an economic Study
Posted Today, 08:07 PM

The Iraqi Dinar/U.S. Dollar exchange rate has changed.

Click here to see graphical representation

From:
1,166/Dinars to the US Dollar or $857.63 per million Dinars
To:
1,164*/Dinars to the US Dollar or $859.11 per million Dinars
* as of 2-05-2013 9:00:01 AM UTC as per Central Bank of Iraq website (www.cbi.iq)
Did you know...

Read more: [link to dinarvets.com]


It moved!!!
ReVbo™

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02/05/2013 10:09 PM
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Re: Iraq an economic Study
Posted Today, 08:07 PM

The Iraqi Dinar/U.S. Dollar exchange rate has changed.

Click here to see graphical representation

From:
1,166/Dinars to the US Dollar or $857.63 per million Dinars
To:
1,164*/Dinars to the US Dollar or $859.11 per million Dinars
* as of 2-05-2013 9:00:01 AM UTC as per Central Bank of Iraq website (www.cbi.iq)
Did you know...

Read more: [link to dinarvets.com]


It moved!!!
 Quoting: calin


Woohoo! I'm retiring tomorrow!

That better not be it for 13 months, Turki.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
talkstory

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02/06/2013 05:55 AM
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Re: Iraq an economic Study
Posted Today, 08:07 PM

The Iraqi Dinar/U.S. Dollar exchange rate has changed.

Click here to see graphical representation

From:
1,166/Dinars to the US Dollar or $857.63 per million Dinars
To:r
1,164*/Dinars to the US Dollar or $859.11 per million Dinars
* as of 2-05-2013 9:00:01 AM UTC as per Central Bank of Iraq website (www.cbi.iq)
Did you know...

Read more: [link to dinarvets.com]


It moved!!!
 Quoting: calin


Woohoo! I'm retiring tomorrow!

That better not be it for 13 months, Turki.
 Quoting: ReVbo™

well at least its moving in the right direction, (period not working on this computor) formerly seeker2, computor crash and I can't remember my email I created the account with lol, Ready for some big changes, Go RV ts
talkstory
calin

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02/06/2013 08:55 AM
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Re: Iraq an economic Study
Looks like it is not moving after all...
PIR

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02/06/2013 09:01 AM
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Re: Iraq an economic Study
Great place for Iraq and global news is "Going Global East Meets West"

[link to goingglobaleastmeetswest.blogspot.com]

and this radio show "Phoenix Rising Radio"

[link to www.blogtalkradio.com]

They are a husband and wife team...the wife does the news at Going Global and the husband does the radio show.

fwiw.
PIR
littlemiracles

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02/06/2013 12:12 PM
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Re: Iraq an economic Study
Another rumor just hit...

Posted Today, 11:07 AM
Just got a text from a UST accountant who helped start the rebuilding process for Iraq's monetary system in 2003 has seen all the papers regarding the RV... He says the IMF has signed off on all parts and even Obamas signature was on there was well. I received this text probably 20 minutes ago and it said to expect it this Wednesday (today) or Thursday. That's all I know, and I'm just as confused as the rest of you.


Read more: [link to dinarvets.com]
calin

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02/06/2013 12:35 PM
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Re: Iraq an economic Study
Well, what are you waiting for? Call the guy. We'll add 37 pages to your thread while we wait. :D

Read more: [link to dinarvets.com]


Funny ReV
ReVbo™

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02/06/2013 12:39 PM
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Re: Iraq an economic Study
Well, what are you waiting for? Call the guy. We'll add 37 pages to your thread while we wait. :D

Read more: [link to dinarvets.com]


Funny ReV
 Quoting: calin


chuckle

Thanks. I like hassling people over there when I can get away with it. Makes me feel more at home. They're alright, but they're no GLP.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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02/06/2013 12:45 PM
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Re: Iraq an economic Study
Well, what are you waiting for? Call the guy. We'll add 37 pages to your thread while we wait. :D

Read more: [link to dinarvets.com]


Funny ReV
 Quoting: calin


chuckle

Thanks. I like hassling people over there when I can get away with it. Makes me feel more at home. They're alright, but they're no GLP.
 Quoting: ReVbo™


I think the guy that said an agent wouldn't do that due to illegal insider trading will put a stop to a very big posting growth. 2 pages and stop. Also, it will be short lived as the OP is kinda new and he/she says today or tomorrow.
littlemiracles

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02/06/2013 04:39 PM
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Re: Iraq an economic Study
Well, what are you waiting for? Call the guy. We'll add 37 pages to your thread while we wait. :D

Read more: [link to dinarvets.com]


Funny ReV
 Quoting: calin


chuckle

Thanks. I like hassling people over there when I can get away with it. Makes me feel more at home. They're alright, but they're no GLP.
 Quoting: ReVbo™


You sure gotz Uneek going!
[link to dinarvets.com]

Lmao!

Last Edited by littlemiracles on 02/06/2013 04:40 PM
ReVbo™

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02/06/2013 04:45 PM
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Re: Iraq an economic Study
Well, what are you waiting for? Call the guy. We'll add 37 pages to your thread while we wait. :D

Read more: [link to dinarvets.com]


Funny ReV
 Quoting: calin


chuckle

Thanks. I like hassling people over there when I can get away with it. Makes me feel more at home. They're alright, but they're no GLP.
 Quoting: ReVbo™


You sure gotz Uneek going!
[link to dinarvets.com]

Lmao!
 Quoting: littlemiracles


I still think it's her. She uses the same font as Recaps posts, and posts from Recaps show up at almost the exact same time as they do on DV.

Also, methinks the lady doth protest too much.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
ReVbo™

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02/06/2013 10:19 PM
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Re: Iraq an economic Study
What the hell is this all about?!


Iraq: Iran pledges support for al-Maliki to 50 thousand troops of the Qods Force for the suppression of the revolution and the work of chaos



2.7.2013 | (Voice of Iraq) - Add a comment -


Revealed Iraqi leaders for agreement Corps Commander Jerusalem Iranian Qassem Soleimani and Iraqi Prime Minister Nuri al-Maliki to attack and occupy the U.S. embassy and Arab and foreign embassies hostile to Iran in Baghdad and detention of its employees within the scheme to suppress popular protests in Iraq. A leader of the Dawa Party that during the recent visit of Qassem Soleimani to Baghdad and a meeting with Prime Minister Nuri al-Maliki has been agreed on the following to develop a military plan (confidential) between the Iraqi government and Iran. pointing out that the purpose of this plan is to support the Authority in Iraq in the event of any threat to the security and existence. "where Qassem Soleimani for Nuri al-Maliki that the Iraqi Front is the front last to defend the security of Iran. adding that Prime Minister Nuri al-Maliki said the commander of the Quds Force of Iran Qassem Soleimani weakness and inability of Iraqi forces military and security control over a lot of the provinces and fear anticipated deterioration of the security situation and lack of control in central and southern regions of Iraq. said that Qassem Soleimani promised the owners attribution Iran to his military forces of the Basij consists of (50000) fifty thousand fighters Iranian. The source said that it was "an agreement on the distribution of forces above and select functions by the Prime Minister and the commander of the Quds Force of Iran Qasim Soleimani, 20000 twenty thousand fighters in Baghdad and its suburbs. And 10000 ten thousand fighters in the southern provinces, which controls the local governments Dawa "and League of the Righteous and the Badr Brigade and armed elements of the Supreme Council and the Mahdi Army." According to information obtained by the Nashwan News from the source, the Iranian forces by drawing his presence in the southern provinces and adult number 10,000 ten of thousands fighters Iranian will occupy military bases air in the south, which was occupied by the Americans and then crawl toward Baghdad after completing control zones Middle Euphrates and the south. will also Iranian forces (Basij) stationed in Baghdad and Sponsored (20000) thousand fighters Iranian take immediate towards the U.S. embassy and Arab and foreign embassies hostile to Iran in Baghdad and attack then detention of its employees founded on. According to the information it and "after controlling embassies and detention of its staff go some Iranian forces (Basij) to both sides of the north and west of Iraq for the purpose of suppression of protesters by force." Nashwan News



Read more: [link to dinarvets.com]
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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02/07/2013 09:38 PM
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Re: Iraq an economic Study
Posted Today, 08:24 PM
Hey all,

I was able to get a hold of my contact to ask what's going on. The float was put on hold because certain politicians are forcing their hand and trying to manipulate Kurdistan's rightful, constitutional share of the budget and wealth. These guys are tied together tightly and both sides are trying to find ways to tear apart without losing out too much in the process.

My contact's source in the CBI has a close relationship of unknown nature with a parliament minister in the Finance Committee in charge of the budget and any coordinated efforts with changes in the currency. They are pushing the budget through behind the scenes before Saturday, contrary to news stories about delays. That is what I was told and nothing more or specific about how that's possible.

Also, changing from a float to a series of incremental RVs with an influx of reserves and wealth is looking more like what the politicians and bankers/financial players running this whole thing seem to be leaning towards. We shall see how things end up turning out. It's like a fight for power over there that is being done clandestine and we're (even inside people like my contact and his sources) are just spectators waiting to see the end results. Sorry I can't give better details, that's all I was told. Thanks guys, hang in there, don't lose hope!

Read more: [link to dinarvets.com]
ReVbo™

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02/07/2013 10:40 PM
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Re: Iraq an economic Study
Posted Today, 08:24 PM
Hey all,

I was able to get a hold of my contact to ask what's going on. The float was put on hold because certain politicians are forcing their hand and trying to manipulate Kurdistan's rightful, constitutional share of the budget and wealth. These guys are tied together tightly and both sides are trying to find ways to tear apart without losing out too much in the process.

My contact's source in the CBI has a close relationship of unknown nature with a parliament minister in the Finance Committee in charge of the budget and any coordinated efforts with changes in the currency. They are pushing the budget through behind the scenes before Saturday, contrary to news stories about delays. That is what I was told and nothing more or specific about how that's possible.

Also, changing from a float to a series of incremental RVs with an influx of reserves and wealth is looking more like what the politicians and bankers/financial players running this whole thing seem to be leaning towards. We shall see how things end up turning out. It's like a fight for power over there that is being done clandestine and we're (even inside people like my contact and his sources) are just spectators waiting to see the end results. Sorry I can't give better details, that's all I was told. Thanks guys, hang in there, don't lose hope!

Read more: [link to dinarvets.com]
 Quoting: calin


Well, at least his excuse makes sense. It's usually something like, "How dare you question me, fool? Things change! If you don't like it, go somewhere else!"
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
ReVbo™

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02/07/2013 10:59 PM
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Re: Iraq an economic Study
Feb 23. Big day.

Palladium:
First........... does anyone honestly believe the CBI or GOI is just going to come out and tells us what they are really doing on a specific date at a specific rate? Nope!
Second........... just changing the rate from 1166:1 to 1000:1 does not improve the fuctioning of the exchange regime. Example of the rate change from 1187 to 1166, under Shabibi's term, showed everyone no improvement in the fuctioning of the exchange regime. Their economy is still in chaos and slowly getting worse. It just changes the rate and keeps everything else similar/the same, including the auctions. That does not meet the criteria requirements of the Stand By Agreement. February 23rd is a marker date for Iraq's economy, their currency, and their future.

ZenMaverick:
Perhaps I am mistaken, but I think that the reason the WB, IMF, and UST are/ have been camped out at the CBI is to create/ complete the exchange regime. I think that is done. The problem is Maliki and the CoM going along with implementation. In the past few months, just look back at the articles at how much and how often the parliamentary finance committee is aligned with the CBI. I can't stand the sight of Maliki aka that fat barrel of monkey spunk. I think he is the problem through and through, but he isn't the architect of any banking regs or exchange regime, the CBI is. And, that is why I think that this exchange regime is complete. It is just Maliki saying No. If Maliki has until Feb 23rd to keep the auctions going to line his pockets and funnel hard currency to Iran and Syria, then I think that at the very least that that is what he will continue to do.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
talkstory
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02/08/2013 04:59 AM
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Re: Iraq an economic Study
Probably about 90 percent of what we are hearing is just smoke and mirrors, Like someone pointed out that the Iraqi government is not going to disclose their plans to us,

Keep on keeping on, it will happen one day, sooner then later I would think, talkstory, formerly seeker2
Anonymous Coward
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02/08/2013 05:21 AM
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Re: Iraq an economic Study
Hmmm, frustrating

[link to www.bbc.co.uk]
ReVbo™

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02/09/2013 03:53 PM
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Re: Iraq an economic Study
[link to www.avanza.se (secure)]

Page 9:
-Debt levels close to zero

-Iraqi Dinar has appreciated since 2007 and is expected to continue to do so

Page 7:
-Iraqi listed securities are:
Under valued vs. Iraqi history
Under valued vs. neighboring countries
Under valued vs. oil reserves & economy

Their stock market is valued about the same as Barbados and HALF of Zimbabwe, for goodness sake!

Read more: [link to dinarvets.com]
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
ReVbo™

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02/09/2013 05:26 PM
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Re: Iraq an economic Study
Senior Economist: Increased financial ceiling for banking companies will enhance the process of foreign currency transfers

February 9, 2013

BAGHDAD (Iba) .. Promised an economic expert peace Sumaisem, the central bank's move to extend a capital increase for companies to mediate in the sale and purchase of foreign currencies to 31 from December next step towards enhancing the efficiency of companies in the process of foreign currency transfers.

Smeisim said in a statement to Agence independent press (Iba) .. "The increase in the efficiency of intermediary companies in the buying and selling is done by increasing their capital and give them the opportunity to act in a flexible manner and effective in dealing with the customer in remittances."

He added, "This increase in capital will enable the banking companies to cover fluctuations in currency rates and the dollar and controls on currency shocks in the domestic market."

She "to think the central bank to take this decision will enable him to ensure a smooth external transfers and control the process of money laundering and smuggling abroad."

The Central Bank of Iraq has announced the extension of a capital increase for companies to mediate in the sale and purchase of foreign currencies to 31 from December this year to be the last date for the extension.

The statement issued by the central bank, "the bank decided not to approve the retail amount of the increase in capital, according to what was decided at the meeting of the bank's board."

He added that "during the meeting decided to extend the duration of the capital increase for companies to mediate in the sale and purchase of foreign currencies to 31 December this year."

Prior to the Iraqi Central Bank decided to increase the capital of existing exchange companies which operate in the market and companies under formation to 500 million dinars the end of this year and the central bank is not obliged to grant any privileges to begin work as of 01.02.2013.

[link to translate.google.com]

Admin_Bob:
This statement makes no sense unless they plan to float the dinar.

"This increase in capital will enable the banking companies to cover fluctuations in currency rates and the dollar and controls on currency shocks in the domestic market."


Kaperoni:
Very interesting. I am searching for some docs on how this works. So far I found China and they went from a fixed (currency board) to free float, and later to a pegged currency in a basket for long term stability. It sounds from what you are saying Bob is Iraq has a similiar plan, as they are heavy dollarizing to act as cover while the dinar floats up. That statement implies that at least. So in otherwords, the Iraqis will dollarize for period of time such as Feb-Dec while the dinar rises to equal or exceed the dollar. Timeframe is just an example though.


BlueEyesInLevis:
Your time frame seems sound to me , Kap.
We know they would prefer to release the smalls at the start of the year...
so lifting the rate slowly from now till then is pretty good guess.
-
No matter what.. their goal is to create a thriving banking sector.
This means they want to get their people into the banks, using smart cards, and creating digital dinar.
This will NOT bew acomplished if they rasie the rate and release the smalls al at once.
They need to lift the rate first.. and pull in more triple zero notes, using USD as change...
-
Additonaly.. they do NOT want to print up a ton of the lower denoms.
They do not want people using cash, squirrelling it under the mattress..
they want the money in the banks... they want to go digital and as cashles as possible.
-
Also... if they do float... they can gather in a lot of dinar, a lot cheaper over the balance of 2013.
And the International Central banks will want to buy the cheap dinar earlier as well.
This will create strong demand for the IQD.


Kaperoni:
This article is very interesting considering the IMF deadline of Feb 23rd to improve the "exchange rate regime." The free float may very well start very soon. It appears this article is about distribution of hard currency (dollars) throughout Iraq in preparation of that event.

Studying this whole process a bit further, do you all remember back in April 2012 when the CBI said they were ending currency auctions? We all thought...well they need to make the dinar tradable then with an exchange regime so the CBI can generate revenue. But that didn’t happen. So what when wrong? Well for the CBI to say such the dinar would have to be worth 1 to $1 or greater (otherwise there would be demand for the dollar in Iraq for import transactions and the auctions would have to continue to supply that demand). And the SIGIR report mentions..the CBI was about to make the dinar worth just less than the dollar. So we can assume that Shabibi's plan was clearly to come out with the .90 cents or about "staging rate."

Once Maliki (CoM) pulled the plug we saw Saleh come out and say..."the plan had changed." in late April or May. Not knowing what that plan was, it took a few months to decypher.

We all know that the new plan now is a free float. But what is exciting is the actions taken by the CBI to confirm this. Just as...ending the currency auctions supported a "staging rate" of 1 to $1 or about, selling hard currency all over Iraq supports the float. These are clearly two different monetary policies. We are seeing the CBI aggressively sell dollars raising capital at banks and exchange centers in Iraq as the statement said..."This increase in capital will enable the banking companies to cover fluctuations in currency rates and the dollar and controls on currency shocks in the domestic market." In other words, Iraq is going on the dollar now for a period of time. That period will more than likely be while the dinar free floats to a rate 1 to $1 or higher in the world marketplace. Then, once this is complete, Iraq will switch to a managed float, or pegged basket which is more stable and they can introduce the new smaller dinar notes, etc. And begin to dedollarize. The actions of the CBI are what we need to watch...and these actions are telling us what is about to happen.

Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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02/09/2013 09:22 PM
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Re: Iraq an economic Study
They don't seem very excited ReV
ReVbo™

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02/10/2013 09:23 AM
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Re: Iraq an economic Study
Start reading here...
[link to dinarvets.com]

This Rasica really seems to have a good handle on this.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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02/10/2013 10:40 AM
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Re: Iraq an economic Study
Start reading here...
[link to dinarvets.com]

This Rasica really seems to have a good handle on this.
 Quoting: ReVbo™

Indeed!

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