Iraq an economic Study

It didn't have a link so I googled it.

[link to dinarvets.com]

When I checked their link - page not found. Will need to research this a bit more.

Reading down it appears that this was from 2011 and posted at Dinar Banker.

At Dinar Banker click on articles then click on Iraqi Dinar Exchange After Revaluation Guide

The thread on this information is at the following link:

Read more: [link to dinarvets.com]

I will not quote anyone so as I may not be offensive. IMHO, unless the Madman has turned-over a new leaf the Chp. 7 issue will remain unchanged. Sorry to rain on a parade. There are so many files, legitimate accusations, and documented proof of M's wrongdoings. Where's Dr. Shabibi..?? Hopefully, I'm wrong. 3+ years in this I have learned a little. I still have reservations. No intel, no rumors...just the facts. The man has taken lives that can never be given back.

Representative of Kuwait to the United Nations: lifting of Iraq from Chapter VII Security Council will pass without hindrance

[link to goingglobaleastmeetswest.blogspot.com]

Looks like things are proceeding along nicely.

To bad the government wants their pound of flesh.

Finance Parliamentary: The Gradual Rise Of The Dinar Against The Dollar In The Coming Days.

BAGHDAD / Center Brief for the Iraqi Media Network ( IMN) – The parliamentary Finance Committee, said that the coming days will witness a (significant) decline of the dollar against the Iraqi dinar, after the new central bank measures to raise the exchange rate of the dinar.
So We will see something next week maybe this weekend!!!Might not be the RV we are looking for but This is a great start.


OK, now why isnt Ebay having a mad rush for Dinar, huh

an email in from a trusted source:

A friend in Green Valley, AZ visited his Wells Fargo new accts Mgr the past two days, asking the obvious. The new accts Mgr. informed him that the Del la Rue equipment is in the branch and they are gearing up for clients at any time.

Yeah, why no change in the pricee?

The price doesn't change until after the RV, not before. The whale's (exceptionally influential investors) have collected vouchers for the dinar they took to the bank and no one gets anything until the RV shows up on Forex. At that point all of the sellers of the IQD currency can go with the new rate. Not before.

I just think, if there was ANY inclination, EVEN A TINY BIT, Ebay would be bought out of Dinar instantly..

you can get 100,000 for $100, and if it goes to 1:1, thats a good come-up..

Im still standing by the .80 to 1,000 RV, just to get the old doms out of the system, and then the release of the New IQN...

THEN, maybe the IQN will be around $3.47ish or whatever they are sayin..

*shruggs

Dont get me wrong, I have been waiting too,

*tappin fingers on desk

Tired of everyday being April Fool's Day too. It's a given this is happening. Not concerned about that. Life won't be that different after the RV either. Except bills will be paid off and vehicles upgraded.

Rate speculation was getting a little out of control on DinarAlert, so I wrote this just to remind everyone there just how little we actually know about how this is going to happen. It's a far cry from my $6-something from last year, but hey, I'm a year older and, hopefully, a bit wiser now.


Revbo:
That would make for a great exercise, HandOverFist. I'm gonna give it a shot, just for the heck of it, even though I'm probably way off...

If, as tlar says, they've got the existing dinar backed at 2.5 times, that means they can go to 466.4 dinars to a dollar right now if they want to back it at 1 dollar of reserves for every dinar outstanding (1166/2.5). We know that no central bank keeps a 1:1 reserve for its outstanding currency, though, so no one go jump off a building thinking you're only going to make a paltry 250% return on this investment just yet. They could go to a fractional reserve standard of 10% reserves, in which case, you can multiply the previous number by 10 and get 46.6 dinars to the dollar,or about 2.14 cents to a dinar, or about a 2500% return on investment. That's all assuming, of course, the published numbers are real, and I doubt that they are. I don't trust any of their numbers and only some of their news, so I have no idea what to believe. This is just speculation, but there have been indications that CBI is going to change the standard, when the dinar goes international, to some kind of backing that involves more than just the $75 billion in the CBI vault, which would change the game entirely. Let's say, just for the sake of argument, Iraq has $10 trillion worth of gold in the ground and they use that to back a hypothetical 33 trillion dinars outstanding and they back it at 10%. If they do that, you get your $3.33 overnight. I don't think that's going to happen, but like I said, just an exercise.

My point is, we don't know what we don't know, and there is no way we can possibly know how this is going to go down. Even Kap, who has inside information, admits he could end up being wrong about the free float from 1166. If they change the standard and back it with $10 trillion worth of gold or $5 trillion worth of oil or $2.5 trillion worth of sand, camels and belly dancers, a free float would gap up on the first day like nobody has ever seen, so it'd be pretty much the exact same thing as a straight revaluation.

Nice speculation explanation Rev!

Here's a revised analysis based on tlar drilling down a bit, and taking out the overseas dinars that Iraq won't have to worry about because they will stay as reserves in foreign central banks.


Revbo:
Let's take tlar's revised numbers based on circulated dinars, then. (Thanks for the shout out, tlar. You and Kap and Steve are my heros in this thing, and I really appreciate all you do.)

So now, we've got 12 trillion dinars to deal with. By my rough guestimate formula yesterday, we've now got every dinar in circulation covered almost 7 times. That means, CBI can take the dinar to 174 dinars to the dollar and still be covered 100%. 666% ROI ain't bad, but a far cry from what we're looking for, so let's go back to the fractional reserve standard. Take the full cover rate and divide it by ten to get 17.4 dinars to the dollar. Now, we're getting somewhere, and we've got 5.74 cents to the dinar, or a little better than a nickel.

Again, if they change the standard, all bets are off and it just depends on how much of their massive amounts of in-ground assets Iraq is willing to put up as collateral, because, let's face it, that's really what an asset backing is all about. Under tlar's new numbers, if they were to back this money with, say, just a trillion dollars worth of oil, which is about 6.66% of their proven reserves, with 12 trillion dinars in circulation, and based on a 10% reserve and the $80 billion in cash they have on hand, we come to almost a dollar ($0.96) per dinar. You can do the math if they put up more of that oil, but you can see where we can get to a pretty darn high rate without much effort.

Last Edited by Revbo™ on 06/18/2013 12:08 PM

Wow ReV! I thought you were going to take a break from this! haha

I like your analysis!

What did they say?

Well, tlar and a few others loved it. Kaperoni and Enorrste don't respond to little peons like me, though, so I really don't know what they think. Incidentally, my numbers above may be a little off, and it could be that the number is closer to 150 dinars to the dollar under full cover, and 15 under fractional reserve, so closer to 6.5 cents per dinar if they don't go asset-backed at all. Not that big a difference, but I did the math a little differently. Also, I think there's a lot less than 12 trillion dinars left in Iraq, Syria, and Iran, which is really all we need to be concerned about, and what these numbers are based on, because those are the only places dinars actually circulate.

I'm not really taking a break. I'm just kinda backing off on the hyperbole. I don't like hearing it myself, and I don't like bringing it here anymore, now that I recognize it for what it is.

That said, keep a close eye on all this Chapter 7 stuff. It's looking more and more like the UN is going to vote them out, either on June 27 or July 15, depending on how their process goes. The Iraqis are also back in Parliament and they got a quorum today with SoL back now that they are going to vote on the de-Baathification law, and there are some indications we may finally see a vote on the HCL and Accountability and Justice law. I don't really think any of that matters anymore, though, since the UN is saying, now that Iraq has satisfied Kuwait, they are going to let them out with no mention of internal politics. Once they do that and Iraq is free of sanctions and open to the world, one would assume the CBI will move to Article 8 of the IMF charter and open up the currency to the world, as well, as they were approved to make the move back in April.

Last Edited by Revbo™ on 06/18/2013 01:57 PM

I saw Millionday talking about this earlier today, but I wanted someone a little more credible to mention it before posting it. She's alright, but seriously overly optimistic. This is a big deal. Behold the de la Rue Machine, folks.


BAGHDAD - morning

Financial affairs specialist stressed the need to activate prompt the central bank to establish a center for banks currency counting and sorting by using modern mechanization. Saif al-Jawad said in an interview for the (morning): The trading blocs cash in banks requires advanced technologies, in light of doubling the amounts that are traded in local banks that require considerable time and effort by the fund trustees. He added that the counting and sorting centers demanded by the central bank earlier contribute to reducing the phenomenon of fake and shortages damaged that appear in the deposits of banks continuously with the CBI.

The central bank called for the establishment of these centers during the month of March last year under the guidance issued by the Directorate-General for issuing and cupboards in the bank.

[link to translate.google.com]
--

Kaperoni:
Does anyone not find this a coincidence? The CBI called for these last March..hmmm was it not in April he tried to raise the value only to have Maliki stop him? There has been several articles that have said that destruction of the old 3 zero notes will take place in the basement of some of the banks. That a team assigned would validate and sign on the shredding or burning of those notes using modern technologies. This sentence is very encouraging...

"Financial affairs specialist stressed the need to activate prompt the central bank to establish a center for banks currency counting and sorting by using modern mechanization."

IMO, this is very important. The CBI wants to make sure any dinar they take in, is in fact, real and not counterfeit. This process must occur before the destruction. And if the destruction is going to happen at the banks, then the validation must occur also at the banks. It sure looks to me like the CBI is ramping up this process of validation again which implies the dinar will change soon.

Last Edited by Revbo™ on 06/18/2013 03:39 PM

Liking the news!

Ban Ki-Moon calls on UNSC to end Iraq C7 next week.

Read more: [link to dinarvets.com]


He called on the 15-nation council to lift the threat of sanctions or force under Chapter VII of the UN Charter. The council is to discuss the Iraq-Kuwait regime next week.

Read more: [link to dinarvets.com]



And then this: Posted Today, 04:06 PM

Bank of Baghdad begins initiative to reduce the exchange rate of the dollar and confirms: Prices have dropped by thirty dinars in just two hours

06/18/2013 21:20

Read more: [link to dinarvets.com]

Last Edited by calin on 06/18/2013 06:42 PM

Baghdad (AIN) -MP Ammar al-Shibli of the State of Law Coalition announced that "The majority of the pending laws will be ratified during the current legislative session."

The parliament held on last Tuesday, its first regular session after end of its legislative session.

Shibli told All Iraq News Agency (AIN) "The parliament session of Tuesday witnessed the meeting of the heads of the committees and heads of blocs with the chairmanship where they agreed on intensifying the attendance in the regular sessions."

"They also agreed on endorsing all the pending laws especially those touch the people's lives such as the retirement law, "he stressed. /End/

Read more: [link to dinarvets.com]



So what pray tell are the pending laws?

My predication RV is

.31 cents / IDQ

Still not to bad, but i think that will be the opening rate.

Why 31 cents? Not complaining. Just curious.

I'm still reading $3+ and Dong around 47 cents.

"It does look like we are at the orig 3+ and float into effect from what I am hearing right now... I heard last night there are 60+ countries set to go and then another basket later after dust settles and one more after that but all are done by end of year…." Tony/PTR

Just thought I'd throw this in from Lady Grace's Daddy since it fits with what I've always thought, that there is no way we're letting Iraq out of Ch7 without getting our money first. 10 years, 6 trillion dollars, and 5000 dead soldiers would seem to pretty much guarantee that.


Lady Grace's Daddy:
I was thinking that we might see it on the 1st of July, but the ambiguity of a certain

conversation today has me pondering over an old belief of mine. That being there is

no way we let Iraq out of ch 7 before an rv. We saw around the 12th that Kuwait signed

six agreements with Baghdad, and then almost immediately following we see everyone,

including Mr. Moon, screaming for the end of ch 7. And that scream has reached something

of a crescendo. Then we see Parliament passing laws out like skittles, and we know that has

never happened. So consider this, say that Iraq has already agreed to raise the dinar and

possibly has even signed some form of agreement. And that they may have even agreed to

implement that rate change before June 27th. And THAT is what has changed the attitudes

of all involved. It is what everyone wants.

Now I can say this, just today I convinced an old friend to buy some dinar solely on the news

of ch 7 possible release. This person thought I was crazy when I first told him about dinar and

told me I would be dead and gone many yrs before Iraq got out of ch 7. That got me thinking,

how many Forex investors thought the same thing. If Iraq were to come out of 7 before an rv?

Even if Iraq didn't rv the speculation would explode, and that could destroy the financial sector.

Given this, I believe that we are in the real likelihood of seeing this rv literally any day now.

And I mean literally from tomorrow through the 26th.


Read more: [link to dinarvets.com]

They liked that post over there on DV. Makes sense to me, but then this is Iraq.

Fingers crossed!

hearing alot about a float, uggg, for a minute there, I thought we had something good going,

Owell,

Eur/USD Long I guess from here on out

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]

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.

It's almost surreal! It is really happening!

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