Iraq an economic Study

Talk about a confusing article. 4 zeros now. Law won't be passed before the firs to the year and then it says if conditions are right they will drop 3 zeroes this year. Crazy sk

IRAN: Lopping Off Zeros From National Currency Under Study
Posted: December 24, 2011 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Currency, Economy of Iraq, Finance, iran, Iraq, Majlis


The government has presented a proposal to the Economic Council to further examine its plan to you suck four zeros off the national currency, said deputy minister of economic affairs and finance.

“Currently, the government’s economic commission has completed [its] review of a bill to overhaul the national currency, and it has been presented to the Economic Council,” Mohammad-Reza Farzin said, Presstv reported on Friday.

Farzin added that the Majlis will discuss the issue and will vote on it after the council completes its studies.

However, the official cast doubt about the passage of the bill before the end of the current Iranian year (in March 2012).

Earlier in April, Minister of Economic Affairs and Finance Shamseddin Husseini announced a plan to remove three zeros from the national currency, the rial, in a move to optimize financial performance.

Iran ‘will remove three zeros from the national currency this year on the condition that the prerequisites are met’, he noted.

Last Edited by seeker2 on 12/24/2011 09:54 AM

Did you notice that it was for IRAN

Missed that part lol. still confusing, duh on me. sk

I decided to put my dinar up for sale as long as I can break even. I'm selling until HCL passes. I just need the extra cash, bought about twice as much as I really need. It sucks, but I didn't expect it to go this long. It's even looking like a possible 2013 RV now...

Aticle 140, IMPLEMENTED! w/ link for proof BOOYAAA!!!

Posted Today, 12:30 AM
Karbala distributed instruments on the ground and cut the victims of the former regime, according to Article 140

22 December, 2011 05:16:36 Hoda - Karbala


Musharraf said offices of the center and south, to implement Article one hundred and forty of the Constitution, said that the office has witnessed on Wednesday the distribution of cash and spare plots of land to more than four hundred and ninety of those affected during the former regime and covered by the article, pointing out that the numbers affected in the region amounted to thirty-seven thousand is affected.

. Said Mohammed Aloasm to our radio that the process of distribution has the presence of the Minister of Transport Hadi al-Amiri, who heads the Supreme Committee for the implementation of article one hundred and forty, and the presence of a number of officials maintain, explaining that he had been distributing financial instruments amounting to ten million dinars, as well as support a piece of land to people affected by the previous regime .

. The Aloasm that victims who have been distributed instruments were from the provinces of the Middle Euphrates Karbala, Najaf, Diwaniyah and Samawah and Babel, "pointing out that" this is the meal is the fifth that are distributed and preceded the distribution of more than one thousand eight hundred instrument and a piece of land on the beneficiaries of the law in the earlier times of the year the current.



[link to translate.goo...p%3Fnews%3D9659]
[link to dinarvets.com]

Last Edited by calin on 12/25/2011 01:47 AM

Posted Today, 12:50 AM
BREAKING NEWS! UPCOMING CHAPT 7 RELEASE! DECEMBER 24TH, 2011 08:50 PM · POSTED IN NEWS (IRAQ & WORLD CURRENCY)

Baghdad (news) .. Dr. Ibrahim al-Jaafari, head of the Iraqi National Alliance with the Representative of the Secretary-General of the United Nations, Martin Kobler, in his office in Baghdad, the UN’s role in the post after the withdrawal of U.S. troops and remove Iraq from Chapter VII. A statement by Jaafari’s office has received the Agency (news) a copy of it Saturday:

It was during the meeting, discuss the main issues on the political arena and the role of the United Nations, especially in the post after the withdrawal of U.S. troops and remove Iraq from Chapter VII.
[link to dinarvets.com]

About time we had some good news. I guess the darkest hour is just before the dawn after all. lol sk

Found this on DZ site. He wants to know if everybody thinks an RV has already taken place based on the article. hmmmmm

Economist predicts lower inflation rates; Says large amounts of cash pumping into economy
Posted: December 24, 2011 in Iraqi Dinar/Politics

Expert expects lower inflation rates .. Attributes the rise to pump large amounts of money into the market
On: Sat 12/24/2011 8:25

Baghdad (news) .. Suggested an economic expert peace Sumaisem lower rates of inflation in the Iraqi economy in the coming period, explaining the reasons for rise in the current period to pump large amounts of cash to the Iraqi market. See bolded selection

The Sumaisem in a statement to the Agency (news) on Saturday: that the reasons for increased rates of inflation in Iraq during the current period due to pump large amounts of cash into local markets through the distribution of loans and advances and salary increases, and continued: in addition to a deficiency in the production local, ie, there is great demand for the goods against the limited offer in the market, this leads to increased rates of inflation in the Iraqi market.

She: The citizens appeared to them new modes of consumption as a result of trade liberalization around the world, so it becomes the amount of goods and services sold in the domestic market is less income available to the individual that is what also lead to inflation in the Iraqi market.

She economic expert: that inflation will fall during the coming period as a result of the Iraqi dinar exchange rate, which fell long ago, and now returned almost to its price, they followed the differences between the exchange rate of Iraq will be low rates of inflation in the Iraqi economy.

[link to www.ikhnews.com]

Todays new headlines.

President Jaafari, UN Representative Kubler: Must save Iraq from Chapter VII
U.S. report: Obama does not intend to return its troops to Iraq even if a civil war
Spokesman: House of Representatives may come back during its next two days
Iraq List is meeting with a delegation of the National Alliance was a positive agreement to continue the dialogue for resolving the outstanding issues
Talabani in contact with the Arab League: It was agreed to calm the situation and are moving towards finding a solution fast
President Talabani receives phone call from Secretary-General of the Arab League; Discusses political situation
Sadrist movement MP: Maliki needs to to speed up decision on security ministries to end the dispute between the “state law” and “Iraqi List”.
More foreign companies flock to Kurdistan Region
Decline in the Iraqi dinar after the U.S. withdrawal
Specialists emphasize the importance of the work divided in the national banks; CBI is considering technical telephone banks
Rubaie: the investment process complain of red tape and the allocation of land and the absence of foreign investors
Resan: Necessary to see the need to apply the laws in support of the Iraqi economy at the moment
Iraq buys cargo ship to be named “Baghdad” at a cost of $14 million
CBI Daily Currency Auction Dec 25, 2011: $293.9 million
Resan: you must apply the law of the customs tariff to support the local product because most goods in the market quality is not good
Kansas City Star: Dysfunctional banking sector helps keep Iraq in economic shambles
Kuwait decided to facilitate the procedures for the entry of Iraqi merchants in order to expand trade between the two countries
Parliament economic committee member calls for the application of tariff law
Economist predicts lower inflation rates; Says large amounts of cash pumping into economy
ISX will reopen Jan 1st 2012 after closing 2011 on high notes
Source says Iraqi political leaders will be next week
Ban Ki-moon: The withdrawal of US forces will give Iraq’s leaders a chance to show their abilities in running the country
UN Sec-General’s Representative in Iraq calls for Iraq’s Leaders to shoulder their responsibilities to stop violence
Merry Christmas from Just Hopin and The Currency Newshound
White House condemned the attacks and says it will not stop Iraq’s progress
Arab League condemns bombings in Baghdad and warns of setback to the political process in Iraq
British newspapers accused Maliki’s playing with fire and dictatorship will lead to the dismemberment of Iraq
Italy expresses concern about what is happening in Iraq, but confident in the possibility of a return to normal
Iraq’s leaders cancel Friday’s ;emergency meeting; Washington invite political leaders to unify
IRAN: Lopping Off Zeros From National Currency Under Study

[link to thecurrencynewshound.com]

haha sk... saved me the trouble! thanks!

Trader Tracks Situational Alert Saturday, 12-24-11 -Christmas Eve at 740am PST - roger wiegand -Traderrog:
"We have received a report of unusual banking activity. Banking screens on 138 different currencies are show 00.000. Some rate fluctuations are beginning to appear. There have been no answers on this activity but banks have been notified to expect a large change in currency rates." (quote not attributed to protect the source).

In our view, what is happening is a massive devaluation in probably the Euro Currency relative to the values versus individual nations. The ECB loaned over $600 Billion (produced out of thin air with no collateral) last week to European Central Bank Member Nations. We think this next step is to re-configure the values of the Euro within each member country.

[link to sherriequestioningall.blogspot.com]

Hey Guys !

It's good to see you all are still minding the store !

Keep Doing watcha doing ... I am always around... lurking in the darkness....lol

I thought this was kinda interesting....

[link to www.angellikeproductions.com]

DZ

Thanks for the drive by!!

Headlines


Kuwait News Agency: Kuwait, Iraq discuss relations, official visit
Source: Biden to arrive in Baghdad tomorrow in an unannounced visit
Maliki received an invitation from the Kuwaiti Prime Minister to visit his country
Iraq begins to prepare his first report on transparency in the oil industry
Iraqi lawmaker: be careful not to strain the relationship between Arbil and Baghdad due to file-Hashemi
Dabbagh: objections to the International Monetary Fund reduced the size of the budget of 112 billion to $100 billion
Kuwait is ready to resolve “all outstanding issues” with Iraq
Kurdistan Parliament held a session today hosted the Minister of Finance Government of the Region
Legal Committee: Maliki does not have authority to dismissal of the ministers of absent employees and the law of the state does not apply to them
Major economic events in Iraq in 2011
Association of private banks calls for the federal government to support private banks
Baghdad: Kuwaiti debt unrelated to file out of Iraq from Chapter VII
CBI Daily Currency Auction Dec 26, 2011: $283.1 million
CBI is the rise of the dollar bubble
CBI: The decision to raise zeros from the currency maker .. and it needs to field work
CBI announces to facilitate the payment system and instruments
PM Maliki Press Release: Prime Minister Maliki received a phone call from Prime Minister of Kuwait
Kuwait calls Iraqi PM; Declares his country’s readiness to resolve outstanding issues
Registration Act Aeetmashy companies with a free economy
Talabani: We look forward to heal the rift between the political forces in the new year
Political agreements “secret” will be announced during a meeting of leaders next
USA Today: Biden makes holiday calls to Iraq leaders
[link to thecurrencynewshound.com]

Somebody spoke up a while back about Maliki stating the 28th as something significant. I remember reading that article. I'm still trying to locate it. So, until then it is a rumor. Stay grounded !

Hold it together guys!

[link to situationroom.blogs.cnn.com]


With U.S. troops now out of the country, I suspect we could be on the verge of seeing Iraq spiral into civil war. We already have seen a series of terrorist attacks in recent days. My fear is that this will only get worse.

The Sunnis clearly don’t trust the Shiites, especially Shiite Prime Minister Nuri al-Maliki. Some of his recent actions, including an arrest warrant for the Sunni vice president, have fueled this fear of a civil war.

Vice President Joe Biden has been on the phone for days with Iraqi leaders trying to calm things down. So far, he has not met with much success. It has long been Biden – more than any other top U.S. official – who has long feared the collapse of Iraq into these three groupings.

Headlines



Deputy for Iraq List: There is a breakthrough in sight to resolve the crisis
Maliki to visit Kuwait this Sunday; GOI says Iraq will emerge from CH VII in June pending Kuwait negotiations
Iraq-Kuwaiti relationship: Maliki heading over after telephone chat
Financial Expert: Withdrawal to reduce the dinar exchange rate
Activation of the reality of the work of economic institutions leading the next phase steps
Jaafari to discuss with British Deputy Ambassador and political issues of mutual cooperation between the two countries
CBI Daily Currency Auction Dec 27, 2011: $224 million
[link to thecurrencynewshound.com]

Looks like the dinar is heading the wrong way. But it will be short lived I suspect.


quote

He pointed out that “political problems that have occurred during this period have a role also through a lot of traders to buy dollars in anticipation of trouble in the country. “The price of the Iraqi dinar reached during the last week (1260) dinars per dollar.

[link to thecurrencynewshound.com]

sk

yes...

The quick departure of the US forces has created a ripples in the water. Happens every time one gets out of the pool. But the pool calms with time. I am sure Shabibi has this figured in his plans.

No U.S. Troops, But An Army Of Contractors In Iraq
[link to www.npr.org]

Picture of the US embassy too...

Headlines


State of law bloc: the current political crisis will not prevent al-Maliki to visit Kuwait
Editorial: Iraq is lucky to have al-Maliki
“Bahaa al-Araji,” and receives Arab League representative in Baghdad, and stresses the need to exit Iraq from Chapter VII
Awadi: Sovereignty Day represents a real victory for Iraq
Kanani: Iraq will regain its full sovereignty after the withdrawal of occupation forces
Member of the Economic Committee: There will be economic development and wide of the country over the next year
Maliki adviser denies an intention to make Alsjeri and acting finance minister instead of al-Issawi
Economist: must be a comprehensive strategic plan and associated timetable for the development of the Iraqi economy
Businessmen Union calls for the enactment of the support of the Iraqi private sector and do
Jourani: Port of Mubarak international will already planned
Is Iraq’s Finance Minister Next On Maliki’s Hit List?
Sadoun: promote the economic aspect requires a series of important steps at creating a suitable environment for investment
Economist: must be a comprehensive strategic plan and associated timetable for the development of the Iraqi economy
Maliki: A home for every citizen in five years
CBI Daily Currency Auction Dec 28, 2011: $245.7 million
[link to thecurrencynewshound.com]

I got this in an email. I didn't find an author or link, so take it with a grain of salt. [link to nesaranews.blogspot.com]

anyone know what happened to the dark ones site??

New addy for the dark ones site. SK

ww.possible hater site/

Last Edited by seeker2 on 12/29/2011 07:52 AM

Well it would seem that GLP has a substitute link in mind when you try and post a link to DZ's site

So its just like godlikeproductions.com but exchange angel for god. ROFL sk

Last time I checked, it was down .... Offline, deleted, no more to be seen again. Gulp!

Yes, he started a new forum. The other one was deleted. his new one is up and running.

Like I said just substitute angel for god likeproductions.com

Posted Today, 01:16 AM

View PostDinar Buddy, on 29 December 2011 - 11:00 PM, said:
The IQD seems to be still a year off from any change. The process will take more time and the world countries are handling their matters and building their own growth back. The IQD only needs it rise marginally to control budget and expense needs.

Is everyone so brain washed that this is suddenly just going to appear. Stay focused on the news and avoid the rumors and pumpers.

Let's go RV



you are very wrong in your aassessment what about contracts? what about the people giving back purchasing power? so marginally how is that going to affect the country in a positive way? and the budget doesnt require a marginally insignificant change believe me budgets need to have value to sustain their economy what are they gonna do flood the markets with lower denoms that are worthless aginst the USD? why even have the dinar in the first place? honestly the CBI is trying to get rid of the USd use in country. What good is it to keep the dinar with no value or little value if the usd use is rampant and has been for years. A country needs a valuable currency to be a strong country and Iraq has got the resources. only one way to stop the hostility and to gain the people's attention and to stat to trust the banks is to raise the vaue to at least a 1 to 1 imho.

This post has been edited by easyrider: Today, 01:18 AM

Read more: [link to dinarvets.com]

In all truth and trying to be subjective in regards to the dinar. I would have to say I agree with second opinion in the post. The minimum I see that the could get away with is .33 dinar to the dollar and then a slow growth in the value over time. My two dinar worth. Not much. sk

Headlines


Iraq House of Representatives Press Release: Chairman of the HOR tomorrow, draw an important speech
USAID: Iraqi Banking’s Great Leap Forward
Maliki renewed his call to support Iraq out of Chapter VII
Iraq’s Oil Profits Rebound In November 2011, But Complications With Infrastructure And Compensation Remain
Iraq and Kuwait agree “in principle” to grant visas to enter the Iraqi traders
Iraq PM warns rival politicians against seeking interference in Iraqi affairs
Egypt rejects Iraq’s request to waive the debts of the private sector
[link to thecurrencynewshound.com]