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Iraq an economic Study

 
calin

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06/21/2013 08:40 PM
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Parliamentary economy: Iraq will regain economic strength in the region after his release from Chapter VII
06/21/2013 02:23
(IMN)- BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Committee said the economy and investment representative, on Friday, that the exit of Iraq from Chapter VII of the UN Charter, it is poised to recover economic development in the region, and showed n all obstacles facing Iraq in economic and financial issues will be removed by the end of sanctions.

He said the Commission's decision Mahma Khalil's (IMN) said that "Iraq has all its legal and financial obligations to the UN Security Council resolutions and exit from Chapter VII would enable it to regain its real economy in the region," noting that "some countries regrettably played a negative role in an attempt to block the exit of Iraq from Chapter VII. "

Khelil said that "Iraq is a strong return to the region, which derives its strength from its economy and its bounty," pointing out that "Iraq will be free from all Alaqiod imposed on him after his release from Chapter VII."

Khalil between that "Iraq's foreign policy represented by the Ministry of Foreign Affairs has succeeded through the efforts made during the past years to reach the stage of removing Iraq from Chapter VII," adding that "Chapter VII still restricts Iraq from the financial and economic."

He pointed out that "the withdrawal of Iraq from Chapter VII is to restore the prestige of the Iraqi state, after the right of the former regime damage the prestige of Iraq."

And fulfilled by Iraq with its obligations to pay 41 billion dollars to Kuwait for war reparations Iraq and Kuwait, where pay for the Iraqi people as a result of the reckless policies of the former regime.

The Secretary-General of the United Nations, Ban Ki-moon said in a report submitted to the Security Council, remove Iraq from the provisions of Chapter VII after Ivaúh all its international obligations.

It is expected to vote on the Security Council to remove Iraq from Chapter VII on June 27 after the current Iraq's commitment to the implementation of all UN resolutions.

These recommendations are internationalist important achievement is calculated on the successful foreign policy of the government.

These recommendations emphasize the UN that Iraq returned stronger than the events of 1990, which saw the occupation of the dictatorial regime of the State of Kuwait.

The Secretary-General of the United Nations in his 35th report to the Security Council and the Security Council resolution 1284 of 1999: "It commends both Iraq and Kuwait for their efforts which led to the solution of outstanding issues between the two countries to remove Iraq from Chapter VII."

[link to translate.google.com]
 Quoting: ReVbo™


It's almost surreal! It is really happening!
calin

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06/21/2013 08:41 PM
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6-21-2013 Newshound/Intel Guru Eagle1 I’ve already shared the rates that have been reported to me — and those rates have not changed one iota. I have banking executives who have confirmed to me — even within the past 24 hours — that those rates are showing on foreign currency administrative screens awaiting a release command from the PTB.
 Quoting: Anonymous Coward 13968314


And that rate is....??????
Alexander

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06/22/2013 02:08 AM

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The rate that has been floating around for months is around $3.40 (within 50 cents of the Kuwait dinar). The Dong is suppose to be around 46 cents - but it hasn't been verified as I've read conflicting reports.

Again, we really won't know until it pops and even then the rate can be different depending upon what group you go to CE with. It also depend on how much is being exchanged and whether or not money is being kept in WF or exchanged elsewhere. Supposedly, the traders are suppose to trade at the CBI rate and are charging $250 per million US dollars.

This was some info floating around today:

06/21/2013 BAGHDAD / Center Brief for Media Network (IMN) - the Islamic Supreme Council confirmed Friday that Iraq will start a new page of relations with regional and international Mahtah after his release from Chapter VII the end of the month.

It is expected to vote on the Security Council to remove Iraq from Chapter VII on June 27 after the current Iraq's commitment to the implementation of all UN resolutions. The Secretary-General of the United Nations in his 35th report to the Security Council and the Security Council resolution 1284 of 1999: "It commends both Iraq and Kuwait for their efforts which led to the solution of outstanding issues between the two countries to remove Iraq from Chapter VII."
[link to translate.google.com]

[SteveI]: After the formal release of Chaper 7, you will see the new value within 72 hours...or sooner. We have a for sure fact on this one.

FYI - WHEN YOU FIRST DEPOSIT YOUR DINAR INTO YOUR NEW ACCOUNT AT Currency Exchange YOU WILL HAVE YOUR CERTIFICATE OF AUTHENTICITY OR RECIEPT OR WHATEVER YOU HAVE PROVING WHERE YOU GOT YOUR DINAR... ONCE DEPOSITED TO YOUR ACCOUNT IT IS CLEAN... WHEN YOU WIRE OR GET A CASHIER'S CHECK FROM THAT ACCOUNT IT IS NOT QUESTIONED BY THE RECIEVING BANK BECAUSE IT IS GOOD ON THE SENDING END…

Is it the same effect if at the CE, I put IQD to $ funds in one account, move to a second account and close the first one?

SURE... YOU SEND A WIRE TRANSFER.... THE SENDER VERIFIES THE FUNDS AT TRANSFER AND THE RECEIVEING BANK NEVER QUESTIONS IT For Example USE Wells Fargo TO HOLD THE MOTHER LODE ACCOUNT... AND IT WILL BE IN PERSON ACCESS ONLY... AND I WILL MAKE A WIRE TRANSFER TO MY CREDIT UNION OR OTHER ACCOUNTS AS NEEDED……

Keep the VND and IQD separate though ... two accounts ... in case there are any tax implications later.

PLEASE CALL AS SOON AS YOU CAN... DO NOT WAIT ON THAT... TAKE THAT HINT FOLKS... AND MAKE YOUR APPOINTMENT... THEN ASK AND MAKE SURE… THE INITIAL RATE SHOULD HOLD FOR 90 DAYS. ~ Jester ~

AT THE BANK: DRAW UP A CHART ... for the banker as much and yourself.

1. Currency Exchange IQD into new non-interest acct.
2. Move all of it to new non-interest acct. Close first acct.
3. Move almost all to new premier acct. IT WILL BE IN PERSON ACCESS ONLY…
4. MAKE A WIRE TRANSFER TO MY CREDIT UNION OR OTHER ACCOUNTS AS NEEDED
5. Repeat steps 1 - 3 with VND when you decide to do a CE

What are Bank Perks?
Things banks could offer you…
Quite simply… ask for a brochure from the wealth manager listing options and start asking from there

Last Edited by Alexander on 06/22/2013 02:10 AM
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
talkstory

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06/22/2013 06:04 AM
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Re: Iraq an economic Study
I would hesitate cashing in all my dinar and putting it in one bank even over a very short term. This is the age of depositor hair cuts. We are now being seen as unsecured creditors to the banks that hold our money. Should they sustain a loss, you loose or are the last to get paid if there is anything left. Be smart. Cash a little at a time and turn it into hard assets.

We are close. Yahoo. party at my house.
talkstory
calin

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06/22/2013 09:06 AM
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I would hesitate cashing in all my dinar and putting it in one bank even over a very short term. This is the age of depositor hair cuts. We are now being seen as unsecured creditors to the banks that hold our money. Should they sustain a loss, you loose or are the last to get paid if there is anything left. Be smart. Cash a little at a time and turn it into hard assets.

We are close. Yahoo. party at my house.
 Quoting: talkstory


I hear ya!!
G3
G3

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06/23/2013 12:47 AM

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Bloomberg Analyst Global Currency Reset Coming??

Published on Aug 1, 2012

talkstory

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06/23/2013 05:17 AM
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Re: Iraq an economic Study
There is a way out for the Euro perhaps, but will they take that road and will it come in time. Perhaps a larger question is do they want the Euro to fail, with the dollar not far behind.

Any body know how much dinar the european governments are holding.
talkstory
Anonymous Coward
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06/23/2013 05:25 AM
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Re: Iraq an economic Study
ahhh... 1.5 years later (3 if you include the deleted thread) and it's just gonna happen next week for sures!

see yah next year.. same bat time.. same bat channel. lol
Alexander

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06/23/2013 11:16 AM

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From what I just listened to I suspect Iraq out of Chapter 7 will be announced on the 27th, Thursday - followed by the RV within 72 hours which makes that July 1st. It will most likely start at a rate of 98 cents (1 dinar to 1 USD) and float up. So one may want to hold off a bit before making their currency exchange to see how this works out. Eventually (most likely at the end of 90 days) it will have floated up to within 50 cents of the Kuwait dinar rate of $3,53 + or -.

However, when the revalue occurs the Dong will also revalue and that rate is fixed (no float) - so this would be a good time to exchange while waiting to see what the dinar does.

Last Edited by Alexander on 06/23/2013 11:19 AM
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
Anonymous Coward
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06/23/2013 01:59 PM
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Re: Iraq an economic Study
6-23-2013 Intel Guru Bluwolf As I have informed all, all dinar dealers by law have to stop selling the dinars and dongs when it rv. Well Puerto Rico second most important dinar dealer just stated in his Saturday radio program that his broker has informed him that they will be closing up shop before the 27th of June. So if your not excited as of yet, then you are dead. Remember the 25th.
Alexander

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06/23/2013 02:47 PM

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For those who have invested the latest info out on taxation is that this will be taxed at the Capital gains rate of 15% for something held a year of longer and 35% for investments less then 12 months. Other sources say as long as the currency is identified as being exchanged (Not Cashed In), there shouldn't be a tax on this.

I AM HERE TO EXCHANGE CURRENCY-----SAY NO MORE THAN THIS
Bank foreign currency exchange form: FINCEN form 104.

One needs to do due diligence and consulting a good tax attorney would be worthwhile. Here is a link to find someone reputable in your state. www.actec.org

Oregon tax attorney link: [link to www.actec.org]

California tax attorney link: [link to www.actec.org]

A PREDETERMINED RATE OF EXCHANGE IF IT IS A HARD PEG CAN ONLY BE CHANGED BY ONLY 2 1/2% EVERY 90 DAYS BY THE IMV.

IF IT COMES OUT ON A FLOAT--THE RATE COULD PERMISSIBLY CHANGE DAILY

IF THE RATE COMES OUT ON A FLOAT--THE VALUE CAN CHANGE RAPIDLY

IF IT COMES OUT AT WHAT IS CALLED A HARD PEG - THEN IT WILL REMAIN AT THAT VALUE FOR A CERTAIN PERIOD OF TIME.

A FLOAT CAN FLUCTUATE DEPENDENT ON FOREX TRADING.

Last Edited by Alexander on 06/23/2013 02:50 PM
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
calin

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06/24/2013 12:17 AM
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Re: Iraq an economic Study
6-23-2013 Intel Guru Bluwolf As I have informed all, all dinar dealers by law have to stop selling the dinars and dongs when it rv. Well Puerto Rico second most important dinar dealer just stated in his Saturday radio program that his broker has informed him that they will be closing up shop before the 27th of June. So if your not excited as of yet, then you are dead. Remember the 25th.
 Quoting: Anonymous Coward 13968314


That doesn't make sense. Dealers are "dealing" in currencies. Why would they stop doing their regular business?
calin

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06/24/2013 12:20 AM
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Re: Iraq an economic Study
For those who have invested the latest info out on taxation is that this will be taxed at the Capital gains rate of 15% for something held a year of longer and 35% for investments less then 12 months. Other sources say as long as the currency is identified as being exchanged (Not Cashed In), there shouldn't be a tax on this.

I AM HERE TO EXCHANGE CURRENCY-----SAY NO MORE THAN THIS
Bank foreign currency exchange form: FINCEN form 104.

One needs to do due diligence and consulting a good tax attorney would be worthwhile. Here is a link to find someone reputable in your state. www.actec.org

Oregon tax attorney link: [link to www.actec.org]

California tax attorney link: [link to www.actec.org]

A PREDETERMINED RATE OF EXCHANGE IF IT IS A HARD PEG CAN ONLY BE CHANGED BY ONLY 2 1/2% EVERY 90 DAYS BY THE IMV.

IF IT COMES OUT ON A FLOAT--THE RATE COULD PERMISSIBLY CHANGE DAILY

IF THE RATE COMES OUT ON A FLOAT--THE VALUE CAN CHANGE RAPIDLY

IF IT COMES OUT AT WHAT IS CALLED A HARD PEG - THEN IT WILL REMAIN AT THAT VALUE FOR A CERTAIN PERIOD OF TIME.

A FLOAT CAN FLUCTUATE DEPENDENT ON FOREX TRADING.
 Quoting: Alexander


Nice links Alexander. Thanks

I am not convinced that there will be any change in the dinar once the UN takes their vote. Do people think there is some switch that will be activated as soon as they are out of Chap 7?
Alexander

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06/24/2013 09:14 AM

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6-23-2013 Intel Guru Bluwolf As I have informed all, all dinar dealers by law have to stop selling the dinars and dongs when it rv. Well Puerto Rico second most important dinar dealer just stated in his Saturday radio program that his broker has informed him that they will be closing up shop before the 27th of June. So if your not excited as of yet, then you are dead. Remember the 25th.
 Quoting: Anonymous Coward 13968314


That doesn't make sense. Dealers are "dealing" in currencies. Why would they stop doing their regular business?
 Quoting: calin


I wonder about this one too calin. Just treat it as a rumor as I suspect this particular rumor has floated by in the past several times.

It does look like the initial rate will be the 1:1 where they can lop off the 3 zeros. Then it will float up to around the $3.40 rate. Not sure how long that will take either. This makes the most logical sense.
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
calin

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06/24/2013 10:46 AM
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6-23-2013 Intel Guru Bluwolf As I have informed all, all dinar dealers by law have to stop selling the dinars and dongs when it rv. Well Puerto Rico second most important dinar dealer just stated in his Saturday radio program that his broker has informed him that they will be closing up shop before the 27th of June. So if your not excited as of yet, then you are dead. Remember the 25th.
 Quoting: Anonymous Coward 13968314


That doesn't make sense. Dealers are "dealing" in currencies. Why would they stop doing their regular business?
 Quoting: calin


I wonder about this one too calin. Just treat it as a rumor as I suspect this particular rumor has floated by in the past several times.

It does look like the initial rate will be the 1:1 where they can lop off the 3 zeros. Then it will float up to around the $3.40 rate. Not sure how long that will take either. This makes the most logical sense.
 Quoting: Alexander


I took it as a rumor to get people to buy more dinars.

it is really silly.....
ReVbo™
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06/24/2013 11:53 AM

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Re: Iraq an economic Study
6-23-2013 Intel Guru Bluwolf As I have informed all, all dinar dealers by law have to stop selling the dinars and dongs when it rv. Well Puerto Rico second most important dinar dealer just stated in his Saturday radio program that his broker has informed him that they will be closing up shop before the 27th of June. So if your not excited as of yet, then you are dead. Remember the 25th.
 Quoting: Anonymous Coward 13968314


That doesn't make sense. Dealers are "dealing" in currencies. Why would they stop doing their regular business?
 Quoting: calin


I wonder about this one too calin. Just treat it as a rumor as I suspect this particular rumor has floated by in the past several times.

It does look like the initial rate will be the 1:1 where they can lop off the 3 zeros. Then it will float up to around the $3.40 rate. Not sure how long that will take either. This makes the most logical sense.
 Quoting: Alexander


I took it as a rumor to get people to buy more dinars.

it is really silly.....
 Quoting: calin


Bluwolf is, and always has been, completely full of shit.
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.
Anonymous Coward
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6-24-2013 Intel/Newshound Guru Poppy3 I WOULDN’T PLAN MUCH ACTIVITY THIS WEEK. THIS WILL BE A HUGE WEEK. I AM VERY PUMPED UP ABOUT WHAT I AM HEARING . GOT A REPORT FROM THE UST GUY…AND HE SAID ALL IS STILL JUST LIKE HE SAID LAST WEEK THAT THE PROCESS OF IMPLEMENTATION OF THE RV HAS STARTED AND THAT THEY DID A WORLD WIDE TEST OF THE BANKING SIGNALS AND EVERYONE GOT THE INFO AND RESPONDED AS EXPECTED.
ReVbo™
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Street:
The signs are everywhere. 2 more articles here. We do know it is done... we don't know when.... but I find the timing in Citibank interesting. They are not spending the monies to open in Iraq if they thought that Iraq’s currency was staying at a tenth of a penny and not going to be international..


tlar:
When the Paul Bremmer Provisional government first was installed, one of there very first acts was to have a consortium of US banks build what is the CBI today. These US banks were considered the big banks. Chase, Bank of America and I believe Citi were all involved with the resurrection of the banking system in Iraq. The first two were for sure and unless memory fails me Citi was a part of this. It is a very good sign that Citi is coming back into Iraq 10 years later to set up shop. This will follow that all the big four will come behind Citi especially if Citi is not targeted by extremists and starts to show any activity. I see this as the first toe in the water and it definitely means more to our cause than just a bank opening. IMO Citi would not be coming in at this time unless they believed that Chapter VII is all but gone and the dinar is ready to pop. We should see more articles like this as outside banks start to jockey for position because of the expected economic windfall that's coming.


As banks eye Iraq, Citi plans office in Baghdad By ADAM SCHRECK | Associated Press – 1 hr 23 mins ago

View Photo
Associated Press/ Hadi Mizban - A man exchanges money at a street money changers in Karbala, 50 miles (80 kilometers) south of Baghdad, Iraq, Sunday, June 23, 2013.

BAGHDAD (AP) — Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad, highlighting financial firms' growing interest in Iraq a decade after the U.S.-led 2003 invasion.

Executives say the representative office Citi has received preliminary approval for will help support its corporate customers in Iraq and act as a liaison for companies looking to do business there.

British bank Standard Chartered is also making a push in Iraq with plans to open branches in three cities.
"Essentially what we are doing is following our clients," said Mayank Malik, Citi's chief executive for Jordan and Iraq, ahead of an official announcement Monday. "We see this as a giant waking up. ... The time to enter is now. It's not when everything has been done."

Iraq has struggled to attract interest from Western companies outside of the oil sector in the 10 years since U.S.-led forces toppled dictator Saddam Hussein. Security and political instability remain major concerns, and corruption within the top-heavy statist economy is deeply entrenched.

Even so, foreign banks see opportunities as Iraq's economy opens up on the back of an oil boom.

The World Bank expects Iraq's economy to grow by 9 percent this year, compared with just over 2 percent for the global economy as a whole. Last year Iraq became the second-largest oil producer in OPEC, and now churns out more than 3 million barrels of crude a day.

Iraq's financial system is dominated by state-owned banks, though lenders from nearby countries including Iran and Lebanon have opened branches since the war. Abu Dhabi Islamic Bank, one of the largest banks in the oil-rich United Arab Emirates, opened its first outpost in Baghdad last year.

Iraq is slowly showing signs of economic development, with new hotels, restaurants and car dealerships popping up. But it remains a challenging place to do business.

More than 2,000 people have been killed in bombings and other violent attacks since the start of April in the worst outburst of violence in five years. And the country is politically volatile. Iraq's long-serving central bank governor was abruptly removed from his post in October following a probe into alleged financial wrongdoing.

Citi's Iraq country head, Dennis Flannery, who was previously the U.S. Treasury Department's representative at the U.S. Embassy in Baghdad, described Iraq's unpredictability and instability as "part of the landscape" of the country.
"The economic engine is still humming along. We haven't seen any reason to alter our strategy," he said.

At a cafe inside Baghdad's heavily fortified Green Zone, Citi's Malik and Flannery described the new office as the start of a broader relationship with Iraq that could lead to bank branches down the road. The office itself will start out small and will be located outside the confines of the Green Zone, a sprawling complex of government buildings and embassies sealed off from the rest of the city by blast walls and heavily armed soldiers backed by tanks.
"There'll be next steps," Flannery said. "It's important to collect information, to learn better what the market is all about, to learn the good parts, the bad parts, everything. ... And that will enable us to take that next step to full-scale banking in a better informed way."

The bank says the Baghdad outpost may be followed by additional representative offices in the southern oil hub of Basra and the Kurdish regional capital Irbil in the north of the country.
Citi already counts as clients many of the large international oil companies that have been brought in to develop Iraq's vast oil reserves, he said.

The bank is also advising Kuwaiti telecommunications provider Zain as it gets ready to list shares of its Iraqi operations on the Iraq Stock Exchange. Another Iraqi telecom, Asiacell, raised nearly $1.3 billion when it floated shares on the small stock exchange in February. It was one of the Middle East's biggest stock offerings in years.
Britain's Standard Chartered, meanwhile, is working on plans to open bank branches in Baghdad, Basra and Irbil. Its reasons are similar to Citi's.

"We need to be on the ground to support our global network clients in industries such as power, oil, telecoms and construction," spokesman Piers Townsend said.

Saleh Mahoud Salman, the director of administration at the Central Bank of Iraq, was unable to say when the companies' operating licenses would be issued. He welcomed the banks' interest in Iraq, saying they could help "develop the economy and push the banking sector forward."

Even as Citi and Standard Chartered push into Iraq under their own brands, British banking giant HSBC is considering an exit of its 70 percent stake in Iraq's Dar es Salaam Investment Bank as part of a wider review of its global operations.
[link to news.yahoo.co...-063554163.html]

___________________________________________

Last Edited by Revbo™ on 06/24/2013 04:09 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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06/24/2013 08:44 PM
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Re: Iraq an economic Study
What are you hearing ReV? You are awful quiet! ;)
ReVbo™
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06/24/2013 09:41 PM

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I got nothin, calin. Just what you see in the news. No more hype for Revbo . Been too close too many times.
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.
Alexander

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06/24/2013 11:14 PM

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Re: Iraq an economic Study
Tony is saying the announcement of Iraq out of Chapter 7 should be on Thursday the 27th. Steve thinks 72 hours after that will be the RV which makes it Monday, July 1st. Some different info out there as to rate. Tony and Steve still think in the range of $3.50 (fixed). Others think it will start out 1:1 and float based on what the Forex does. OCrush thinks it will be a fixed rate. Folks who belong to the groups can get a higher rate. The traders/dealers are offering the CBI rate. Banks are offering Prosperity Packages to entire the group members.

Tony:
I think it makes sense for them to have the RV before their National Day the 27th... I did hear Kuwait was paid their 11 Bill last week in USD cuz thats what they wanted... Hedge fund guy says we are in this week.... banks will offer you a rate, you can negotiate that depending on how much you have and your negotiating skills... they do say groups will be offered more and you can make your own group of .90 to 1$ over the rate... they are ready to negotiate with you they are competing for your money, have to leave 10 or 20% for 6 months or so depending

Tony-- OK so lets look at this... then the announcement on Thursday and show for us Monday 7/1


There will be two bank packages available to Dinar Recaps members at the time of RV. These packages will be available 24 hours after RV announcement if not before. They have negotated with the heads of Wells Fargo, Chase Bank and Bank of America for us to take these packages when we go cash in, if you choose a Bank over the Traders. We are not endorsing, nor do we have any affiliation with any of these banks other than in negotiating on behalf of dinar holders everywhere….

The first package is a RATE PACKAGE - this package will have a group code – pre-negotiated for us all - the rate with this package will be HIGHER THEN THE ACTUAL RV RATE !! Yes this is what has been negotiated - take this to the bank of your choice of the 3 above and let them know you are a part of this group code on that package. That will be what you will get!!!!

The 2nd package is the PERK Package - This package will have all the nice perks that banks can offer to high dollar depositors - many great items on these packages such as Lloyds of London

Insurance, Free CPA, Free Private Banker- no Fees ever- unlimited amount debit card and MUCH more - -It is suggested you cash out them go back and you can take this Perk Package list to your banker and say this is what I want or I move my money to a bank that will give it to me - MANY great things in this package to benefit us extremely and I am sure since it too was pre-negotiated we will have NO issues in getting all promised!

Last Edited by Alexander on 06/24/2013 11:20 PM
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
calin

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06/24/2013 11:28 PM
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I got nothin, calin. Just what you see in the news. No more hype for Revbo . Been too close too many times.
 Quoting: ReVbo™


No worries ReV. The real news is good!
talkstory

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06/25/2013 03:02 AM
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I got nothin, calin. Just what you see in the news. No more hype for Revbo . Been too close too many times.
 Quoting: ReVbo™


No worries ReV. The real news is good!
 Quoting: calin


Yep, just kick back and watch the show. Its really getting interesting, world wide.
talkstory
ReVbo™
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06/25/2013 11:59 AM

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Re: Iraq an economic Study
Complete sovereignty

25/6/13 12: 00 am

Dr. Karim shaghidl

Since mid-1990, after Iraq's invasion of neighboring Kuwait toppled tyrant, and Iraq suffers under the provisions of Chapter VII, and is a serious punishment, military, political and economic, of the threat to international peace and security, and Chapter VII action is the last resort after the failure of all attempts at dispute resolution or remove threats, as is known to all that the toppled dictator, as any tyrant, bully the obstinacy insisted stupid State of occupation and annexation of Kuwait, Iraq and the international community has dealt with lightly, and underestimated the people of Iraq and the worst famine, in deed Despicable, to make our country under the international trusteeship.

The Iraqi citizen who lived those days black bitterness does not remember details of the hunger, but recovers serial humiliation and indignity, and rivers of blood and mass graves after the uprising, recalls the refraction of the army and its defeat and humiliation tent Safwan, recalling the country's fortunes darkened tyrant weapons did not keep him out of the fall and hide in Rat Terrier, and we all know where our leaders Saddam and aggressive arrogance, how much we paid our lives and she loved us and our sovereignty and dignity.

In 2008, the Security Council issued an important decision in 1959 to cancel resolution 1790, any cancellation of delegation of the multinational forces, and extend the protection of Iraqi funds for one year in order to cancel more than 40 resolutions from the provisions of Chapter VII, it wasn't so clear effect to resolution that Iraq then was under the occupation forces, the withdrawal process has formed the end of the year 2011 stage of sovereignty that we believe has not yet been completed.

We passed many obstacles to the restoration of sovereignty, since the formation of the Governing Council and the adoption of a permanent Constitution and the establishment of a democratic system, then the withdrawal of the occupier, and exit Iraq remaining international sanctions, the most important of our time, in the direction of absolute sovereignty, and this is thanks to the diplomatic efforts made by Iraq to settle files with Kuwait, imagine that after a decade on the fall of the dictator we suffer from the consequences of its policies of aggression which undermined the security of the region.

Exit Iraq from Chapter VII means getting rid of international trusteeship, the return to exercise our right to build military and economic institutions, freedom of trade exchanges, and frees up our money frozen in the banking world, in economic construction, and to restore the freedom of movement of Iraqi funds, and this is reflected at the level of production and export of oil and have additional returns on the strength of the Iraqi economy, debt settlement and other effects with some States, Iraqi dinar exchange rate stability against other currencies and perhaps height, free import of capital goods, and was banned from the materials and techniques, as well as Freedom of travel, some States are still committed sanctions, Iraqis are granted entry visas to their territory, and this is a real update for sovereignty.

It was heavy and harsh sanctions relief to our people, Iraq centuries back, the time has come for the international community, should appreciate the importance of democracy and radical transformation, the value system which constitutes a threat to international peace and security is irreversible, and has instead a democratic system seeks to establish a balanced and friendly relations with everyone, from the most to the stability of the region, and most respond to terrorism, the United Nations remained, especially after settling the Kuwait file, the justification for the sanctions, and we expect The promise of resolution provisions of Chapter VII, which we expect to release soon.

[link to www.microsofttranslator.com]


Revbo:
If that highlighted part is accurate, Thursday is gonna be like flipping a switch that's been off for 23 years. I knew Ch7 was big, but if this guy is right about all the changes, we're gonna see some magic in a couple days, folks.

We keep hearing, from some more pessimistic corners of dinarland, that they've already released Iraq from most parts of Ch7, that this only really affects their relations with Kuwait, and formal release from Ch7 doesn't really change much. Again, assuming this guy, and many others making similar statements, are correct, this is not some minor technical change. This is a sea change. This is a paradigm shift. This is night and day. I don't see how an international currency can be far behind Ch7 release, as every other aspect of the Iraqi economy becomes opened once the taint of UN sanctions is removed.




Some of us think this part indicates a rise in the exchange rate. Thoughts?

"...Iraqi dinar exchange rate stability against other currencies and perhaps height."

Last Edited by Revbo™ on 06/25/2013 12:01 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.
ReVbo™
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06/25/2013 12:04 PM

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Re: Iraq an economic Study
Sorry for the hype. I guess I still get a little carried away sometimes. rockon


Big day, Thursday.
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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06/25/2013 12:14 PM
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Re: Iraq an economic Study
Sorry for the hype. I guess I still get a little carried away sometimes. rockon


Big day, Thursday.
 Quoting: ReVbo™


No worries, looking good for lift off. GO RVVVVV.

couldn't help myself.
talkstory
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06/25/2013 01:24 PM

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Re: Iraq an economic Study
I even got the great Kaperoni to respond to that last post. chuckle

Kaperoni:
Revbo, I agree. At the same time, Iraq clearly wants UN Chapter VII release before they will give the world what they are waiting on. We have said for a long time, Maliki had a "weak dinar" policy..this very event may be the cause of that. Time will tell. Let it come to us...two days to go.


Fast Eddie (former admin at Bondlady's site):
What I think this is the action I was waiting for. It gives me chills down my spine to see it finally coming into play.




OK, I'm officially really excited again.

moshpit

Last Edited by Revbo™ on 06/25/2013 01:26 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.
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06/25/2013 01:49 PM

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Re: Iraq an economic Study
I even got the great Kaperoni to respond to that last post. chuckle

Kaperoni:
Revbo, I agree. At the same time, Iraq clearly wants UN Chapter VII release before they will give the world what they are waiting on. We have said for a long time, Maliki had a "weak dinar" policy..this very event may be the cause of that. Time will tell. Let it come to us...two days to go.


Fast Eddie (former admin at Bondlady's site):
What I think this is the action I was waiting for. It gives me chills down my spine to see it finally coming into play.




OK, I'm officially really excited again.

moshpit
 Quoting: ReVbo™


Should I buy more? 5a
Who is John Galt?
ReVbo™
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06/25/2013 01:51 PM

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Re: Iraq an economic Study
I even got the great Kaperoni to respond to that last post. chuckle

Kaperoni:
Revbo, I agree. At the same time, Iraq clearly wants UN Chapter VII release before they will give the world what they are waiting on. We have said for a long time, Maliki had a "weak dinar" policy..this very event may be the cause of that. Time will tell. Let it come to us...two days to go.


Fast Eddie (former admin at Bondlady's site):
What I think this is the action I was waiting for. It gives me chills down my spine to see it finally coming into play.




OK, I'm officially really excited again.

moshpit
 Quoting: ReVbo™


Should I buy more? 5a
 Quoting: Renegade (Me too)


chuckle

No! I'm buying it all!
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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06/25/2013 01:55 PM

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Re: Iraq an economic Study
Kaperoni on the "height" reference from earlier...


"Iraqi dinar exchange rate stability against other currencies and perhaps height,"

Kaperoni: This is a clear reference that hopefully they can raise the value against other currencies as a result of the lifting of UN Chapter VII. We have to hope!

Revbo: The more I read that quote, it seems what the guy is saying is, "With the lifting of Chapter 7 sanctions, we will see the dinar rate stabilize, and perhaps increase."

I can't really read it any other way.


Last Edited by Revbo™ on 06/25/2013 01:57 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.

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