dbcooper
01-30-2012, 01:10 PM
1-30-2012- Fresh Take a look at ALL the information coming out of Iraq right now - don't just focus on the "national conference" - look at Parliament, look at Barzani and the Kurds, look at the Iraqi list - they are all meeting to work out Erbil, Ministers, and everything we've been waiting on! if they don't get Erbil (HCL, Ministers, etc) worked out - Barzani has stepped out today and said we are going to do this without the Central Government - the Kurds are going to start paying their bills and force the low rate initially...follow the complex process that is finally playing out with concrete results to give us our money - time for us to see Erbil and let Shabibi do his thing, or watch Barzani and the Kurds start paying contractors and moving on without the central government!
1-30-2012- Gary Everything I'm hearing is good, all the agencies are saying yes-its a go, and if you read the news you know lots of things are happening. Everybody now is talking about what we've been talking about for years and we know it points to a GLOBAL restructuring of currencies. All the banks are looking for large deposits to save themselves...they need this to happen. I believe we are in the last final seconds here and excited about where we are right now.
1-30-2012- Doc [post 3] We continue with our opinion that the RV is being held up by mainly Parliament. As we've stated in the past we believe the progression will be budget passage, supporting RV laws passed and then RV. There were numerous articles late last week and over the weekend depicting the fights in Parliament over the budget. Many said it would be weeks before passage. This leads us to conclude the internet rumors of an "any second now" RV are extremely premature. Our best guess continues to be late February to March at the earliest. With that said we would love to see Parliament get it together and act quicker. We simply are stating our opinions based on reality and not whispers. We report, you decide.
1-30-2012- Doc [post 2] The beauty of where Iraq is right now is the lower denoms do not need to be issued before the RV. Think about it, the currency being used is the USD. If they RV to around $1 the financial transactions continue to go smoothly since the USD is already there and can be used to make change. Now the CBI can slowly introduce the lower denoms and begin dedollarization over a couple of years as they have stated was their goal. The CBI is making money by first removing dinar at this wall paper rate then selling it back as they dedollarize. They are also doing this in a manner to cause the least interruption to Iraq's economy. Make no mistake this is about Iraq and not us. Rving above the dedollarization estimate of $1.13 just doesn't make any sense when viewed from Iraq's perspective.
1-30-2012- Doc [post 1] the IMF, USA, etc can not force Iraq to RV. They can pressure and threaten them by keeping in chapter 7, blocking access to WTO, etc.. We do maintain it is in ever ones best interest for this to happen. The key is it will happen when best for Iraq and we believe the CBI is doing a masterful job in positioning Iraq for an RV. Consider what has been happening in the last few months. The first step was to get dinar out of the Iraqi citizens hands. Now that a great portion of dinar has been removed from Iraq we then saw articles and quotes stating the dinar needed to be stabilized versus the USD. Shabibi complied by changing the exchange rate ever so slightly and blitzed it all over the news as the CBI will support the dinar. What is Shabibi doing - preparing the citizens for the RV.
1-30-2012- Jonnywg TODAY IS SUPPOSED TO ANSWER THE QUESTIONS . THE RI/RV IS IN THE FINAL STAGES AS FAR AS WE KNOW. MORE INFO TO COME THIS AFTERNOON. THE UST IS STILL IN LOCKDOWN. THE BANK SCREENS ARE SILL SHOWING LIVE RATES AS PER YESTERDAY. MOST SOURCES SAY ALL IS DONE BUT...IT IS NOT LIVE ON THE TELLER SCREENS SO...DO NOT CALL THE BANK.
1-30-2012- Med IF THEY MAKE THE MOVE NOW IT WILL BE ONE REASON FOR IRAQI'S TO HOLD ONTO THEIR CURRENCY, IT WILL STOP THE SMUGGLING OR LIMIT IT ALLOT IT WILL HELP CURB INFLATION AND GIVE THE COUNTRY INTERNATIONALLY PURCHASING POWER, BUT RIGHT NOW WE ARE IN GREAT SHAPE.
1-30-2012- Lojak Legarde seems oblivious to the PTB she seems to be on our side...their were threats from the IMF serious ones to the point of having the old RI rates show up on screens. However, the IMF has backed off and is allowing Iraq to RV on their own. NO BS. I hear by Wednesday...they are fed up (IMF) with iraq.
1-30-2012- DinarWishes We have a couple hours for a small update at the bank then another major one at 2pm CST and I am hopefull to have more intel by then that I can share...lets see what the day brings and hopefully get a better Idea of where we are exactly.
1-30-2012- Sonny1 they must be running out of u.s.d because they are using it to buy back dinar, and they must have to start using dinar...great news wait and see is all we can do...it seems to me that since they sold a large portion of u.s.d to re-buy dinar, they might be running below there limit...the only thing they can do is raise the value of there currency, and have purchasing power in iraqs walls.
1-30-2012- Gary Everything I'm hearing is good, all the agencies are saying yes-its a go, and if you read the news you know lots of things are happening. Everybody now is talking about what we've been talking about for years and we know it points to a GLOBAL restructuring of currencies. All the banks are looking for large deposits to save themselves...they need this to happen. I believe we are in the last final seconds here and excited about where we are right now.
1-30-2012- Doc [post 3] We continue with our opinion that the RV is being held up by mainly Parliament. As we've stated in the past we believe the progression will be budget passage, supporting RV laws passed and then RV. There were numerous articles late last week and over the weekend depicting the fights in Parliament over the budget. Many said it would be weeks before passage. This leads us to conclude the internet rumors of an "any second now" RV are extremely premature. Our best guess continues to be late February to March at the earliest. With that said we would love to see Parliament get it together and act quicker. We simply are stating our opinions based on reality and not whispers. We report, you decide.
1-30-2012- Doc [post 2] The beauty of where Iraq is right now is the lower denoms do not need to be issued before the RV. Think about it, the currency being used is the USD. If they RV to around $1 the financial transactions continue to go smoothly since the USD is already there and can be used to make change. Now the CBI can slowly introduce the lower denoms and begin dedollarization over a couple of years as they have stated was their goal. The CBI is making money by first removing dinar at this wall paper rate then selling it back as they dedollarize. They are also doing this in a manner to cause the least interruption to Iraq's economy. Make no mistake this is about Iraq and not us. Rving above the dedollarization estimate of $1.13 just doesn't make any sense when viewed from Iraq's perspective.
1-30-2012- Doc [post 1] the IMF, USA, etc can not force Iraq to RV. They can pressure and threaten them by keeping in chapter 7, blocking access to WTO, etc.. We do maintain it is in ever ones best interest for this to happen. The key is it will happen when best for Iraq and we believe the CBI is doing a masterful job in positioning Iraq for an RV. Consider what has been happening in the last few months. The first step was to get dinar out of the Iraqi citizens hands. Now that a great portion of dinar has been removed from Iraq we then saw articles and quotes stating the dinar needed to be stabilized versus the USD. Shabibi complied by changing the exchange rate ever so slightly and blitzed it all over the news as the CBI will support the dinar. What is Shabibi doing - preparing the citizens for the RV.
1-30-2012- Jonnywg TODAY IS SUPPOSED TO ANSWER THE QUESTIONS . THE RI/RV IS IN THE FINAL STAGES AS FAR AS WE KNOW. MORE INFO TO COME THIS AFTERNOON. THE UST IS STILL IN LOCKDOWN. THE BANK SCREENS ARE SILL SHOWING LIVE RATES AS PER YESTERDAY. MOST SOURCES SAY ALL IS DONE BUT...IT IS NOT LIVE ON THE TELLER SCREENS SO...DO NOT CALL THE BANK.
1-30-2012- Med IF THEY MAKE THE MOVE NOW IT WILL BE ONE REASON FOR IRAQI'S TO HOLD ONTO THEIR CURRENCY, IT WILL STOP THE SMUGGLING OR LIMIT IT ALLOT IT WILL HELP CURB INFLATION AND GIVE THE COUNTRY INTERNATIONALLY PURCHASING POWER, BUT RIGHT NOW WE ARE IN GREAT SHAPE.
1-30-2012- Lojak Legarde seems oblivious to the PTB she seems to be on our side...their were threats from the IMF serious ones to the point of having the old RI rates show up on screens. However, the IMF has backed off and is allowing Iraq to RV on their own. NO BS. I hear by Wednesday...they are fed up (IMF) with iraq.
1-30-2012- DinarWishes We have a couple hours for a small update at the bank then another major one at 2pm CST and I am hopefull to have more intel by then that I can share...lets see what the day brings and hopefully get a better Idea of where we are exactly.
1-30-2012- Sonny1 they must be running out of u.s.d because they are using it to buy back dinar, and they must have to start using dinar...great news wait and see is all we can do...it seems to me that since they sold a large portion of u.s.d to re-buy dinar, they might be running below there limit...the only thing they can do is raise the value of there currency, and have purchasing power in iraqs walls.