Iraq an economic Study

And you made Recaps with that article!!


[link to www.dinarrecaps.com]

Last Edited by littlemiracles on 03/20/2013 03:19 PM

Thanks!

IMF Mission Concludes Article IV Discussions with Iraq

Read more: [link to dinarvets.com]

Below is a post from DV about the Article IV issue. I think we're not getting much response because folks are still trying to digest it and understand it, myself included, but this guy seems to have a good grasp. I'd say it's very good news, considering SBA expired and they have to move into a new exchange regime, and it looks like the IMF has given its blessing to make that happen. I'm really thinking, once they get the borders marked, which is supposed to happen by March 31, they'll get the UN's blessing, as well, and this whole thing will be just about wrapped up. The Maliki news is encouraging, too, but the statements from the internationals, over the past few days, have come across as, "They've got political problems, but those problems are not the most important thing to us. We care about Iraq working well with its neighbors and meeting its economic deadlines, and we think they are fine on both of those fronts."


Blueskies via DinarVets:
Am I missing something? This is huge, IMO. The whole point of the IMF Standby Agreement, as I read things, had been to provide a backdrop of liquidity for Iraq's financial system-- to help it get up and running and to stabilize it. The SBA notes on the IMF website state that the SBA was extended last year so that, in fact, Iraq could work on its exchange regime. So now, the IMF has come out and said specifically that Iraq has passed the fourth review. (The third review had been held in Jordan in December) and that the SBA has not been extended. No more reviews and no more SBA. This means that the IMF must think that Iraq's financial system (although highly imperfect) is strong enough to stand on its own-- and to eventually RV. Indeed, I think that Iraq will have to RV if it has any hopes of repaying the $500 million plus dollars it will owe the IMF next year under the SBA. (In comparison, the payment due this year to the IMF under the SBA is relatively small and not due until July). This is great news!!!!!

Alshahyla: Maliki has huge assets turn to his account in London through intermediaries, most recently billion dollars!!


BAGHDAD / News Network Iraq - MP and member of the Parliamentary Integrity Committee Jawad Alshahyla at a special meeting gathered with members of the Commission for the largest smuggling operation carried out by the leader of the Dawa Party, deputy state law Haider al-Abadi, recently smuggled sum of one billion dollars to a bank in London. Said Alshahyla that the media picked up news about the smuggling Abadi amount of half a billion dollars and the involvement of senior political unnamed while stressing Alshahyla that amount is billion dollars and the great political is the leader of Islamic Dawa Party and the Iraqi Prime Minister Nuri al-Maliki. said that the Integrity Commission has conducted contacts across sources especially in London confirmed that al-Maliki has assets of huge turn to his account from time to time through brokers and multiple names is not repeated, adding that most recently was converted billion dollars on behalf of MP Haydar Abbadi. However, as saying, citing a document confidential published WikiLeaks issued on 28/2 / 2013 It is in the context of the audit in the news recently received about deposits and extensive banks of London by the staff in the Iraqi government, he received an official of the Commission on Integrity Iraqi information indicating that the fictitious company belonging to the Iraqi Ministry of Defense, led by the commander of the world of the armed forces and Prime Minister Nuri Maliki deposited more than $ 40 billion in a number of banks to London and Switzerland over the past months.

Read more: [link to dinarvets.com]

Not easy reading. So what happens now? Nothing?

Hang Maliki and give CBI the money?

Do you really think anybody is going to do anything to Maliki? Who would arrest him?

Not really, and who knows?

Behold, Revbo's dinar reval/doom wet dream. Thanks, Phoenix. Long story short: We get paid, and then, Armageddon.





All of the Below is Speculation based upon the whole of the “Matrix of Information” and the total sum of all information available at this time.
The Iraqi Dinar and the “Matrix of Information”.

Ok as I have been saying for the past three weeks I have been looking at a temporal marker that had to do with Obama’s trip to Israel on March 22nd. I am pleased to announce that all the expected markers were met.

We are seeing a collection of markers all coming together from many projections from many sources. Those sources are the TRV (technical remote viewing) sessions on the Iraqi Dinar revaluation, remote viewing sessions done by various companies as per Earth changes, the XXXXXX work of C High, the work of Princeton Economics and more so the factual situation on the ground pertaining to the current economic and geo-political situation on a global scale.

The sum of this information can be condensed into the following expected chain of events:

1. We can expect in the short term (March) an announcement from the government of Iraq that they will be making changes to the exchange rate of the Iraqi Dinar but the actual date of change will be later (April).

2. The rate will be lower than expected.

3. The rate may appear on the CBI in the range of 3.1300 to 3.8600 or “3 to 1”

4. This will cause excitement and confusion because the rate is in IQD to USD creating a “mirror image” as the true rate will be 3 IQD to 1 USD or .31 cents to .38 cents USD per 1 IQD.

5. A time limit for exchange will be set causing a panic with many investors.

6. The US government will take action to pull in as much money from the public through taxes or outright seizures in some cases, as possible.

7. This action by the US government will cause a backlash and anger.

8. As of March 22nd the U.S. economy begins a down turn that will last for 71 years this will also see a major devaluation or loss of value of the US dollar while gold and silver rise.

9. The U.S., Israel and NATO will become engaged in warfare with Syria and this begins the “kicking over of the game board”….this leads to WWIII a.k.a. “Armageddon”.

10. Syria, Iran and Russia attack Israel.

11. Iraq becomes destabilized and Kurdistan breaks away declaring their independence and claiming the US as prime ally.

12. North Korea attacks South Korea and possibly the United States, nukes are used…maybe as an E.M.P. weapon.

13. An event that causes major global flooding on the coast that could be caused by a meteor impact in the ocean.

14. A major solar event that causes much damage worldwide.

15. Also expect a late spring with farmers having problems planting worldwide.

16. Be on the lookout for major Earthquakes worldwide.

17. Expect the unexpected and challenging times from now until September 2nd. 2016

All of the above is Speculation based upon the whole of the “Matrix of Information” and the total sum of all information available at this time.

Have a Plan….and Plan to Act.

Phoenix


Read more: [link to dinarvets.com]

Last Edited by Revbo™ on 03/23/2013 02:59 PM

ReVbo! I am going to pretend that I did not read that!

MY EYES! THEY BURN!



Last Edited by Revbo™ on 03/23/2013 03:34 PM

Is that the same Phoenix that did audio last year?

Doomgasm and not in a good way!

I'm not buying it...

Yes, and I believe he used to be a big GLPer

Really?! When was that? He does a blog talk show every day but I don't remember him around here, other than people posting his stuff sometimes. I've only been around five years though. He may have been before my time.

I want some of what he's been smoking, it must be good.

Uummm . . . didn't we get an official word from the CBI lately that they were going to change the rate? When was this info published that Phoenix posted?

Would this fill the bill of a rate change statement? I know the timing may be a bit off, but hmmmmmm?

yes... but we have been getting changing the value statements for years.

If this is a "sign" that Phoenix is right on, I find that unacceptable! I don't need any more doom! ;)

I hear ya on the doom part! However, I have long felt that any RV was going to coincide with the collapse of the western economies. The IQD effectively being the lifeboat of the elite as the USS Dollar sinks into the waves . . .

Economist expects CBI to drop zeros from currency one anti-counterfeiting measures are in place; Anticipates early 2014
Posted: March 22, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Counterfeit, Currency, Iraq, Iraqi dinar, Monetary policy, News agency, Salim Al
Salem Al-daini claimed the three zeros deleted project of currency to withdraw counterfeits from the marketplace

22-03-2013

Student Economist Salim Al-daini, the application of the draft Central Bank deleted three zeros from the currency early next year, to eliminate the forged currency in the local market.

He said Al-daini (News Agency): draft three zeros from the currency, deletion would serve the Iraqi citizen in terms of reducing large categories and easily traded, as well as support the economy through the withdrawal of counterfeits, which are widespread in the market.

He added: the project must be applied after you set the kvoaeh management for the Central Bank to be implemented early next year (2014), it is one of the strategic projects in the country.

He noted that the current categories of national currency is easy to damage, forcing the State printing new currencies for every three months and these constitute an additional burden on the State funds for printing new currencies, indicating that the new project would be issued coins up for more than 25 years.

The Council demanded that the Prime Minister earlier in the previous administration for the Central Bank to wait to delete the three zeros from the local currency, saying that a large project and needs sufficient time to apply.

[link to DON'T_USE-THIS]

Get that farm in Costa Rica picked out now. It's gonna be a bumpy ride.

Would love to, but afraid we will have to weather the storm withing the CONUS. What's everyone's thoughts on locals for hunkering down?

Yeah, I'll probably ride it out here, too. We have better guns than Costa Ricans and I know this place and have lots of friends here.

Think I will just hunker down here in Thailand, but might come back once the shooting starts. Wouldn't want to miss all the fun.

World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar

24/3/2013
BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."

Said Shukri for "obelisk", "The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq," noting that "financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. "

He added that "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan," explaining that "the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. "

He pointed out that "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."

Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year


[link to translate.google.com]


Kaperoni:
Very good stuff. Thank you Tgirl. With the 30 days from the IMF to choose an exchange regime, and this meeting, we are definitely getting closer. Let's hope they can get the final work done on restructuring these banks and move forward with the dinar.

Last Edited by Revbo™ on 03/24/2013 09:18 AM

....needs to political stability in the country before everything.

hmmm....

I smell some political stability, calin. Maybe Kerry actually got something done with his little surprise visit today. We've got all these reports about Assad being assassinated, today, too. Maybe Maliki got the message.



URGENT: a deal between Maliki and Ahmed Abu Risha, to end the sit-ins in Anbar with U.S. blessing


An informed source said Iraq's News Sunday, March 24, Prime Minister Nuri al-Maliki and President of the Conference of the Anbar Awakening previously Ahmed Abu Risha, agreed to settle their differences and refer the decision to postpone the elections in Nineveh and Anbar He also promised to Maliki, head of the Anbar Awakening, Sheikh Ahmed Abu Risha, to return him to his position as Chairman of the Anbar Awakening and the settlement of all outstanding differences between them provided end the sit-ins in Anbar. The two parties agreed with the blessing of U.S. compromises differences, as requested by Ahmed Abu Risha Maliki no later than days to end the sit-ins in the yard of the splendor and dignity

[link to translate.google.com]

Last Edited by Revbo™ on 03/24/2013 04:14 PM

Kaperoni: "...if you go and look at the World Bank Report on Iraq, go to the Rafidain Bank and Rasheed Bank action plan #75, #83. And memorandum of understanding restructuring of Rafidain and Rasheed #91.

They are basically the same with 5 steps to restructuring them. This IMO is Key as the 4th step is recapitalization. I don't know if that is complete, but we have seen the CBI hold a bond auction earlier this year at $200 million dollars. Which according to the WB report is the method of funding this recapitalization. Is that enough? I don't know, but in any case, it appears they are at that stage (#4). With #5 only left which is titled..."Implementation and Follow-up"

Seems like we are very close."

[link to siteresources.worldbank.org]

Enorrste on the big Rafaidin/Rashid restructuring article from today:


This article, as with most, tends to have some phrases that need to be better understood in order to know what the true impact of this article is. Let's take them one at a time.

"It's an important step was waiting for Iraq to raise the value of the dinar."

Now, the question is this: Is the World Bank waiting for Iraq to raise the dinar value BEFORE implementing its steps with the Rasheed and Rafadain bank? Or, does the implementation of the changes at these banks make it "possible" for the dinar to rise in value? In order to understand it we go back to the first statement just prior to it: "Counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans..." This seems pretty clear to me: The change in the banks is now being started. Therefore, I believe that we can dispense with the first possible meaning of the second sentence, namely the they will wait for the Iraq to raise the value PRIOR to implementing the changes.

This means, then, that the changes in the structure will ALLOW Iraq to raise its value, in some way. It is not yet clear to me just how a structural change in these banks would be necessary prior to going to a free float. Hopefully that reasoning will come out soon.

"The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq."

Once again we have a strange ending to an otherwise simple statement. What does "had been waiting Iraq" mean? Does it mean that the WB had been waiting on Iraq to do something prior to implementing its restructuring plans? Or does it mean that IRAQ has been waiting for this important step from the WB? In this case I believe that the true meaning of this is that the WB had lost patience, waiting on Iraq to restructure these banks, and decided to move in on its own to get the job done (in preparation for the raising of the value of the dinar). I could be mistaken in this, but the past articles seem clearly to be placing greater and greater pressure on the GOI to "git 'er done" and Maliki has been dragging his feet. So, if I am correct in this interpretation, then it means that the WB has lost patience and begun to take actions on its own, IN SPITE OF MALIKI. This is, in my view, a very good sign.

"He added that 'the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan.'"

This sentence is the most powerful of all in this article. First, the source of the comment in this sentence is the Ministry of Finance, NOT the World Bank. The Ministry of Finance is a part of the GOI, not a part of Parliament. Therefore, this statement comes from WITHIN the GOI. This is the FIRST statement of support for the raising of the value of the dinar from within the GOI.

Furthermore, the statement indicates that the actions being taken by the World Bank "will be the guarantor of restoring the Iraqi dinar of its value." WOW! It would be one thing to say that it would "make it possible, someday," or "open the opportunity somehow." But instead it said it would GUARANTEE a rise in the value of the dinar. AND IT CAME FROM THE MINISTRY OF FINANCE, WITHIN THE GOVERNMENT OF IRAQ!

This statement is truly a first, because it indicates that WITHIN the GOI there is now a consensus that the dinar should and WILL be raised. The big question: When?

The next statement is their squeeky opening:

"the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."

The last part of the sentence is the "squeeker" part, namely political stability "before everything."

Therefore, rather than start jumping up and down, I suggest you sit down, relax, and look to the political environment for signs of improvement. Without it, you will not see the dinar rise in value. This means we are back to Maliki (damn it!). I hate to be the bearer of sad news, but that is what the article is saying, at least to me. Until the political environment improves (before everything!) the dinar will not rise in value. Just what form that "political environment" improvement must look like is anyone's guess, but I suspect that it would AT LEAST mean that the current crisis (i.e., Maliki acting as dictator) would have to be ameliorated somewhat. That means that we are back to a no confidence vote, or a change in Maliki. Since the latter is highly unlikely we must hope for the former.

Enorrste