Breitling You’re seeing counties taking shots at each other by devaluing their currency and everyone is adding to their money supply…their note count. [China, United States, Vietnam, Russia, Switzerland and the Euro and now Australia] What’s the only country we know taking away from their note count? It’s that simple. We know what Iraq is doing cause there is no reason to take notes out of the market if they were not going to add value to it…why would they take notes out of the market? Why make those moves? It’s very simple…if you know someone is putting gas in a car you know they are going to drive it. You know if someone is taking the engine out of the car you know that car is not drivable.

 

Stage3Alpha:

R.V. / GCR March 6, 2015 at 11:00am Market conditions show favor of having had an Rv/GCR

Dr. Mark March 6, 2015 at 10:37am Experts: <<Central >> Faces the problem of the shortage of foreign currency.     3/6/2015

Experts in economic affairs said that Iraqi banks began to suffer a shortage of liquidity in foreign currency (dollar), while the expected rise in the dollar’s exchange rate against the devaluation of the dinar as a result of stopping the auction currency, grumbling banking customers of non-receipt of money deposited by the dollar, stressing that handed over the money Dinars expose them to significant losses.

The expert in economic affairs Ahmed Fahmy said the decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government, noting that the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar.

Fahmi said the decision by saying that the central bank can be applied properly in the event of the spending pressure and reduce the affidavits and incidentals are not to the dollar significantly.

He pointed out that the Central Bank has established appropriate plans for the success of the decision, but he also said that to stop the auction may have significant disadvantages, due to increased demand for the dollar, because the bank had pumped $ 50 million a day in the auction, which may make the dollar rises against the dinar, What leads to the Iraqi currency affected significantly.

He pointed to my understanding that the main objective of this step is to limit the hard currency by the central bank, especially after twice the price of the dinar during the past few days, and expected to decline the central bank for its decision in the case of the Iraqi economy negatively affected due to stop the currency auction.

Bank glitch

In the same vein, said an expert on economic affairs Maytham Laibi that banks take such measures in emergency situations when facing a shortage of liquidity in foreign currencies, indicating that the Iraqi banks started having these problems because of the reduction of central bank sales of the dollar.

He also added that the lack of distribution of financial dollar amounts have negative effects on customers and lead to an imbalance in the banking system, and weakens the confidence of individuals in the banking system and generates a panic, and lead to significant financial withdrawals, so the reserves become inadequate, especially since these banks operating funds of others do not possess that money, which leads to lack of stability of the market, in addition to a state of non-confidence in the banks leads to citizens not to deposit their money in banks in the future.

He called Laibi banks dealing in foreign currency to reassure its customers, it can Tkst amounts customers, and that the money owed by banks and present possible that the Ptksatha customers.

Parallel market

For his part, Ahmed Atwani expert believes that the sudden decision carries a lot of risk to the Iraqi citizens and the economy in general, indicating that the central bank issued a decision on the pretext of its limited foreign exchange to finance foreign trade.

He Atwani saying that the decision was made to shift from exchange rate policy directed to a free exchange rate policy, stressing that the new policy adopted by the Central does not fit in with the nature of the stage through which the Iraqi economy, because domestic demand for foreign currency (dollar growing) in the local market. He noted that the demand for the dollar will appear in the parallel market for foreign currency, so the increase in cases of speculation and lead to a large fluctuation in the value of the Iraqi dinar, and the transition from the state of stability in the local currency, and this volatility will impact on the low standard of living of individuals through higher commodity prices .
He expert said the decision to halt the currency market will create a huge gap between the prices of locally produced goods and imported goods prices, the central bank will not succeed in implementing the decision in a positive way, but if used in a strict policy controls on foreign exchange


Negative effects

In turn, Mohammed al-Hassani said, the one dealing with the north bank that the bank refused to cash delivery of dollars for clients with the bank on the grounds that the bank no longer receives (the dollar) from the Central Bank of Iraq, noting that the trader with the banks who deposited money in dollars would be a great loss teams currency while receives his money in Iraqi dinars.

He added by saying that the ordinary citizen is the biggest aggrieved of this process, calling on the central bank and the specialized agencies to reverse the decision to cancel the auction currency because of its negative effects on the Iraqi market and citizens. Iraqi Central Bank announced discontinuation of the auction Bank and the adoption of the banking system as being responsible for foreign remittances.

The governor of the Central Bank of the relationship, in a press statement was finalized a new formula and leave the old ways, coupled with certain conditions can not remain governor at the central bank, which has the functions and tasks and activities of a large and important for the national economy, noting that it is not true that the central stays busy selling currency like ATM daily.  

http://translate.google.com/translate?hl=en&sl=ar&u=http://www.annaharkw.com/annahar/Article.aspx%3Fid%3D534440%26date%3D06032015&prev=search

**********

BaNDiTo.RoX March 6, 2015 at 11:05am

Central Bank proceed regardless of remittances starting from Sunday

 06-03-2015 05:47 PM

 Central Bank announced directly to banks regardless of remittances sent to them from next Sunday. 

A statement of the Central Bank, received a (news) copy of it, that ‘the banks will start regardless of remittances to their customers starting on Sunday, 08/03/2015, after it was complete all the procedures and mechanisms of these banks’. 

http://www.ikhnews.com/index.php?page=article&id=137181

********************************

TNT:

Newcreation : A statement of the Central Bank, received a (news) copy of it, that ‘t​he banks will start regardless of remittances to their customers start​ing on Sunday, 08/03/2015, after it was complete all the procedures an​d mechanisms of these banks’. – See more at:  LINK

Starchild : Some news saying the CBI will start regardless of remittances on Sunda​y -

LINK

Newcreation :  IRAQIs are celebrating in the streets today, right now…boots on the ground intel

Apaloosa:  IRAQ has great reason to celebrate in the streets…….many ISF victories everyday……they are taking their county back. A new independence day.

Maximus016 :  This morning on Bloomberg, Mario Draghi, President of the European Central Bank stated that Quantitative Easing (QE) will begin on 9 March 2015.Additionally, Bloomberg reported that all the major banks passed their stress test.

KTFA:

moneytalks1 » March 6th, 2015, 11:19 am  FRankie!!  Frankie,

Report from Canada..LOOK at this!@!@!!! One more week to cook and we are at 1:1 IMO

Just incredible!!!

US Dollar Currency Index (.DXY :Exchange)

Real Time Stock Quote | Source: Exchange

97.64 USD Last Trade

1.26 (+1.31%)

************

Robdel:  WalkingStick, or any other brother/sister….Doesn’t this article tell us that they OPENED the budget?

walkongstick :Consultant Abadi: Budget approved the payment of the oil companies or vouchers treasury bonds
March 6, 2015

Confirmed Almscha vnvmbnmnR. Economic prime minister appearance of Mohammed Saleh said that the federal budget for 2015, the current law authorized the Minister of Finance to issue money orders treasury or financial bonds to oil companies operating in Iraq, not to exceed a total of 12 billion dollars.

Saleh said that the general budget for the current 2015 law included the benefits of oil companies and authorized the Minister of Finance, at the request of the Prime Minister or the Minister of Oil, issuing money orders treasury or securities when needed to cover the entitlements of those companies adding that it means that the benefits of oil companies would have guaranteed vouchers treasury or securities pay it, the usefulness of non-specific He said that after a period of Alasaddaria and interest arising from them, Mitroctan the Ministry of Finance, the lack of detail in the budget on them.

http://www.alfayhaa.tv/?p=35432

**********

Re:  Quote  “Frank26:i ……… Have been meaning to recognize BACKDOC’s Gold concepts because IOO he is with Truth.

But may i add to his post:  The Slate of Math in the Budget was recently cleared……….. Because Iraq is about to become a ……….. BLOOD DONOR.

To the dying economic world …….. To a Coalition within a Basket. There is an unseen Code of Honor here.

As for the 8th?  Nope.  More so a week after that.”

Backdoc:  JUST TO BE CLEAR HERE I IN NO WAY AM CALLING THE INTERNATIONAL RATE ON THE 8TH!

THE 8TH IS WHEN THEY SAY THEY ARE DROPPING THE ZEROS AND ADDING VALUE, RIGHT? SO WE DO EXPECT IT BEFORE THE END OF MARCH SINCE THAT IS WHEN THEY INTEND TO LAUNCH THEIR MARKET ECONOMY!

I THINK SOME FOLKS HAVE MISREAD MY POST, READ DEEPER!

WE WILL SEE VALUE DONE ON THE 8TH BUT NOT FOR OUR EYES YET!!! PLEASE RE-READ CLOSER! BUT SOON!   DOC BLESSINGS

Frank26:  Maybe a week later.   KTFA   Frank


 

Kaperoni …delete the zeros is the name for a project, not a single event. If you look at that way…you will realize this is not an overnight RV or some other action…it is a process…and the goal is 1 to $1. The dinar will rise gradually over a period of 2 years or more as stated…with the end result a new currency without the zeros.

 

Kurdistan Alliance MP Abdul Qader Mohammed, said the delegation of the Kurdistan region to visit Baghdad next week to discuss outstanding issues, stressing that the results of the talks will be better than ever.

Said Mohammed in a press statement that “the ongoing agreement between the province and the center and there is flexibility by both parties in order to reach the best results,” noting that “the talks this time will emerge better results, as the obstacles tactical located on the export of oil has to address each and will be the relationship on a hotty” .

“The federal government sent in advance 250 billion dinars to the province salaries for the month of January, and will be sent a second meal so much salaries for the month of February, there is also a newly would be sent to 280 billion dinars.”

He stressed that “there is a visit to the provincial delegation to Baghdad, may be next week.”

He was chairman of the Commission on oil and energy parliamentary Ares Abdullah, said last Monday that a delegation of high-level of the region will visit Baghdad if necessary to resolve the outstanding issues between the province and the center.

Abdullah said that “the delegation of the region at the highest level visit Baghdad if necessary to resolve the outstanding issues between Baghdad and Erbil problems,” he said, adding that “there are serious attempts to resolve the outstanding problems, and House of Representatives of Ministers of the Kurds in the federal government trying to understanding with Prime Minister Haider al-Abadi.”

With, an MP for the Kurdish coalition, Serwa Abdul Wahid, last Wednesday, the President of the Republic Fuad Masum said working on collecting the views of the political parties to submit the draft to end the problems between Baghdad and Erbil on the oil agreement.

She said Abdul Wahid, said that “the president is trying to gather the views of all political parties and the light will present a project until the meetings between the province and Baghdad, and end the outstanding issues between them on the oil agreement will continue,” pointing out that “a delegation from the Kurdistan region of Iraq will visit Baghdad soon.”

The President of the Republic Fuad Masum, arrived in the city of Arbil, coming from Kirkuk last Tuesday, and was greeted by a group of ministers in the Kurdistan Regional Government and the Governor of Erbil and senior officials in the city

LINK

Enorrste Article quote: “… confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country. Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency.” I really get disgusted at the “economic experts” who still don’t understand the process. It is a process, not an event…the process involves a change in the exchange rate regime rather than a LOP or an RV.

 

Adam Montana […if Iraq is going to rv, ri or whatever…AND…the CBI is going to take the 50 dinar notes out of the equation during the two month period of March 1 to April 30 – why should we expect anything to happen before those said 50 dinar notes are out of circulation?] Don’t let them fool you. They will move the rate whenever they think it is best for them, and the best time could certainly be when everyone thinks it would be hardest… like right now, in the middle of a 50-note test.

 

Finance Minister Hoshyar Zebari, on Thursday evening, with the head of the National Investment Commission Sami al-Araji, and a number of stakeholders in the body to ensure roads to facilitate and accelerate the implementation of investment projects in Baghdad and other provinces measures.

The meeting, in particular with regard to the legal aspects and the form in which it contributes to accelerate the development process in Iraq and encourage investment. (End)

LINK

Jester’s Place:

SORRY THIS POST IS LATE….WE HAD FORUM ISSUES…Pxxxxxxx

[Jester] HI AND HAPPY THURSDAY MODS, PEEPS, LURKERS, AND CRITTERS!

[dinarrocks] Let’s NOT have any surprises tonight UNLESS it involves the lettters “R”, “V”, OR “R” “E” “P” “U” “B” “L” “I” “C” !!! lol

[Jester] NICE TO SEE EVERYONE..

[dinarrocks] Jester Just wondered if you had ever heard of or had any communication with “DEE” from Awake-in-3D” ?

[Jester] dinarrocks NO I HAVE NOT…
….

[dinarrocks] Jester Ok, I won’t say anymore until I have looked at her link further. She had some interesting things to say about Gen64 group. Here is the linkif you are interested in looking at it:

https://www.youtube.com/watch?v=xzlmpFzB71s

[Jester] dinarrocks WHAT WAS THE CLIFF NOTES…

[dinarrocks] Jester I would rather not say much UNTIL I have watched the whole clip. SO… cliff notes will be forthcoming later (maybe tomorrow).

[Jester] dinarrocks THEN WHY DID YOU BRING IT IN HERE YA GOOF… HAHAHAHA

[Jester] YOU ARE CRACKING ME UP…

 [dinarrocks] Jester Wanted to know if you had HEARD of her!

[flgirl] Jester i only watched a few minutes but this is short cliff notes. studley was friend of hers… he told her Gen64 has agreement with madam Wu for oil credits. But Gen64 got greedy they wanted her to accept more people and IQD than agreed but does not know if they found someone else to buy oil credits. and all groups are BS people can go to bank

[Jester] dinarrocks NO BUT THAT DOES NOT MEAN MUCH… THERE ARE A FEW HUNDRED OF THESE PEEPS THAT KNOW EVERYTHING OUT THERE SPOUTING THEIR STUFF…

[Hoosier Girl] Jester what do you think about my ladies saying delete the 000’s means 1 IQD to 1 USD in Iraq?

[Jester] Hoosier Girl HOLD THAT THOUGHT… I DO HAVE SOMETHING TO SAY ABOUT ALL THAT…

[Jester] flgirl I FOUND THE PART I NEEDED TO… THIS IS INTERESTING… LET ME SPEAK ON THIS A MINUTE…

[Jester] OK… I WILL TELL YOU WHAT I KNOW… WHICH IS THAT SOME OF THAT STUFF SHE IS TELLING IS PARTLY TRUE… SOME IS BS…

[Jester] THIS MAY TAKE A MINUTE… BECAUSE THIS STUFF SOMETIMES CRACKS ME UP…

[Jester] SORRY… I AM STILL CRACKING UP… THIS IS PRETTY OLD NEWS… HOW OLD IS THIS VIDEO?

[Jester] YESTERDAY.. HMMMM….

[Jester] OK… THE GENERALS 64 STUFF SHE HAS IS WAY OLD NEWS… SOME VERSION OF WHAT SHE IS SAYING HAPPENED… FROM WHAT I UNDERSTAND IS NOT EXACTLY LIKE SHE IS SAYING…

[Jester] BUT LETS MOVE PAST THAT AND GO WITH THE WORD I HAVE THAT THAT HAS BEEN OVERCOME… BECAUSE I THINK IT HAS….

[Jester] CHANGES WERE MADE… THINGS WERE RENEGOTIATED… ETC…

[Jester] THE ISSUE SHE IS TALKING ABOUT IS THE GROUP HAVING A DEAL STRAIGHT WITH BANKS TO THE CHINESE… THAT HAS ALWAYS BOTHERED ME… BUT I AM TOLD THAT IS THE WAY IT IS… AND I HAVE NO REASON TO DISBELIEVE IT… BUT THE BANKS ARE NOT CONVERTING OIL CREDITS… FOR THAT TO HAPPEN THE UST DEFINITELY HAS TO BE INVOLVED… AND FROM WHAT LITTLE I AM TOLD… THAT IS THE CASE… BUT I CANNOT VERIFY IT SO I HAVE AT ASSESS THE VALUE OF THAT INFORMATION BY WHAT I AM TOLD… IT IS ONE AVENUE OF CASH IN THAT IS AVAILABLE TO DINARIANS ACCORDING TO WHAT I AM TOLD BY THEM SOME TIME AGO… THAT’S ALL…

[Jester] HOPE THAT MAKES SENSE…

[dinarrocks] Jester I think the ORIGINAL deal was to go through Wells Fargo… From your sources, is that still the case?

[Jester] dinarrocks THAT IS MY UNDERSTANDING… KEEP IN MIND I HAVE ASKED TO BE UPDATED SO THAT I COULD PUT OUT GOOD INFORMATION TO QUESTIONS FOR YOU GUYS BUT GOT THE ANSWER THAT I DO NOT NEED TO KNOW… SO… I CAN ONLY GO ON WHAT IS NOW INFORMATION THAT IS PROBABLY 3-4 MONTHS OLD….

[Hoosier Girl] Jester That makes sense to me

[Backstreets] Jester but also something about the ust approved it

[Backstreets] But, that was in the Wu days

[Jester] Backstreets THIS IS SUBJECTIVE INFORMATION… I AM HIGHLY IMPRESSED WITH WILEY MORGAN… AND WHILE I DISAGREE WITH HIS POST FROM LAST NIGHT I CAN AGREE TO DISAGREE… I MIGHT KNOW SOMETHING THEY DON’T ABOUT IT… SINCE I AM DIRECTLY INVOLVED…. BUT THAT IS ANOTHER STORY…

[pokerbrat] Jester that’s on a need to know basis and they said YOU don’t need to know???

[dinarrocks] Jester I, too, am fuzzy on how they get the oil credits involved, but will trust that it will work out!

[Jester] dinarrocks IF THE UST IS INVOLVED THEN THAT IS HOW THAT WILL HAPPEN… THAT IS THE ONLY WAY IT CAN HAPPEN…

[Backstreets] Jester mine is admittedly dated info

[Jester] pokerbrat WELL NO ONE ELSE IS GETTING ANY EMAILS EITHER SO WHAT DO YOU EXPECT?

[Jester] Backstreets MINE IS TOO… SO I UNDERSTAND….

[Backstreets] Jester but also something about the ust approved it

[Backstreets] But, that was in the Wu days

[Jester] Backstreets THIS IS SUBJECTIVE INFORMATION… I AM HIGHLY IMPRESSED WITH WILEY MORGAN… AND WHILE I DISAGREE WITH HIS POST FROM LAST NIGHT I CAN AGREE TO DISAGREE… I MIGHT KNOW SOMETHING THEY DON’T ABOUT IT… SINCE I AM DIRECTLY INVOLVED…. BUT THAT IS ANOTHER STORY…

[dinarrocks] Jester I, too, am fuzzy on how they get the oil credits involved, but will trust that it will work out!

[Jester] dinarrocks IF THE UST IS INVOLVED THEN THAT IS HOW THAT WILL HAPPEN… THAT IS THE ONLY WAY IT CAN HAPPEN…

[Jester] BUT I CAN TELL YOU THIS… ALL THESE SO CALLED INFORMED PEEPS LIKE THIS CHICK… ALL TALK ABOUT THE GROUPS… SAYING IT IS ALL BS… AND I CAN DEFINITELY ASSURE YOU THAT THERE ARE PREDATORS OUT THERE… THAT IS A FACT… BUT NOT ALL ARE… SOME HAVE LEGITIMATE CONTRACTS AND ARE DOING THE RIGHT THING FOR THE RIGHT REASON AND THAT IS JUST THE WAY IT IS…

[dinarrocks] Jester Agreed!

[Backstreets] There are some peeps that will be doing such good things that most will never know about

[Jester] SHE TALKS ABOUT THE ADMIRAL… I WILL TELL YOU A TIDBIT… THERE IS AN ADMIRAL… AND HE IS A FINE UPSTANDING MAN… I HAVE TALKED TO HIM… AND HE HAS THINGS TO DO IN THIS… BUT HE IS BEING MALIGNED BY OTHERS THAT ARE USING THE ADMIRAL NAME TO MISLEAD OTHERS… AND THAT IS SAD… THEY HAVE BEEN RUNNING AROUND THE BACKGROUND DOING SNEAKY THINGS IN THE ADMIRAL’S NAME FOR A LONG WHILE… SO THE ADMIRALS GROUP PER SE IS NOT WHAT YOU THINK IT IS… HE IS NOT THAT GUY…

[Jester] AKandyGrahm THE REAL ADMIRAL DOES NOT HAVE A GROUP… SO MY ANSWER WOULD BE NO…

[Backstreets] Jester that group is on a higher plane

[Jester] Backstreets ALMOST ASSUREDLY WE ARE NOT ON THAT SAME PLANE…

[Jester] OKAY.. I AM SURE I WILL GET ANOTHER DISCLAIMER TONIGHT NOW… LOL

[dinarrocks] Jester For sure!

[Jester] I AM THE ONLY GUY THAT GETS A DANG DISCLAIMER ON RECAPS…. HAHAHAHA

[Jester] WILL SURE TURN OUT WEIRD FOR THEM IF I AM RIGHT AND EVERYONE ELSE ITS WRONG… HAHAHAHA

[alfonse] I would take that as a badge of honor Jester

[Aunt B] Jester they can’t handle the truth!

[Jester] WAIT… THAT ALREADY HAPPENED… LOOK AT EVERYONE TALKING ABOUT THE BIG PICTURE AND THE REPUBLIC NOW… ROFLMAO…

[Jester] OKAY ENOUGH ON THAT SUBJECT…

[Jester] WHAT WAS THE QUESTION I PUT ON HOLD A WHILE BACK… ANYONE SAVE THAT?

[dinarrocks] Jester You want to move on Hoosier Girls question about the 1/1

[Hoosier Girl] Jester what do you think about my ladies saying delete the 000’s means 1 IQD to 1 USD in Iraq?

[Jester] dinarrocks THAT’S IT…. HAHAHAHA

[Jester] Hoosier Girl I DID LOOK AT THAT…. LET’S TAKE A MINUTE AND PUT THE POST IN FOR EVERYONE SO THEY KNOW WHAT WE ARE TALKING ABOUT…

[Hoosier Girl] Jester Good deal

[Jester] OK HERE IT THE LINK THEY WERE REFERENCING… SOMEONE ELSE SENT IT TO ME EARLIER TODAY SO I HAVE HAD SOME TIME TO DISSECT IT…

[Jester] http://aynaliraqnews.com/index.php?aa=news&id22=33283

[Jester] Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency. “

[Jester] “The country suffers deficit as Iraq does not it can support its currency unless received grants from third parties, and whether this possible implementation it is important, reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq “. Finished / 13

[Jester] OK… PRETTY STRAIGHTFORWARD ARTICLE IT SEEMS…

[Backstreets] 1:1?

[Jester] AND IF YOU DO NOT KNOW HOW THIS WORKS YOU MAKE THE WRONG ASSUMPTIONS…

[Jester] Backstreets PAY ATTENTION… I AM EXPLAINING…. HAHAHAHA

[Jester] LETS LOOK AT THE SALIENT POINTS HERE…

[Jester] EXCERPT – delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency

[Jester] SO… I READ THAT AS TWO OBJECTIVES AS STATED OR TWO STEPS… TWO INDEPENDENT STEPS…

[Jester] THEN THE STARTING POINT…. instead of the $ 100 equals 120 000 Iraqi dinars

[Jester] THEN THE ENDING POINT… after deleting three zeros become a $ 100 equals 100 Iraqi dinars

[Jester] THAT IS AFTER TWO STEPS…

[Jester] AGREED?

[Hoosier Girl] Yes

[Jester] SO…. BACKING UP… WE ARE AGREED THAT THIS IS TWO STEPS… YOU CAN ANSWER THAT…

[Hoosier Girl] Yes

[Jester] OKAY… SO… I AM READING AFTER THE DELETING OF THE THREE ZEROS IS MEANING THE SECOND STEP… BECAUSE AFTER THAT IS FINISHED THEN IT IS DONE AND THAT IS THE RESULT… after deleting three zeros become a $ 100 equals 100 Iraqi dinars,

[Jester] BUT THEY CLEARLY SAID IN THE FIRST PART…. delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency

[Jester] SEE WHAT I MEAN? THIS IS INCLUDED BY THAT FIRST STATEMENT BUT THE DELETION OF THE ZEROS IS THE END… YOU SEE WHAT I MEAN NOW?

[Jester] IT IS IMPORTANT THAT YOU ARE FOLLOWING THAT POINT…

[Jester] SOOO… ARE YOU FOLLOWING SO FAR? IF NOT I WILL TRY TO MAKE IT CLEARER…

[Jester] HMMM

[Hoosier Girl] Yea I see that now

[Jester] OK LET ME START OVER…

[Jester] SOME ARE OBVIOUSLY NOT GETTING IT…

[Jester] THEY CLEARLY SAY… delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency

[Jester] THIS IS A TWO STEP PROCESS… CLEARLY STATED…. DELETE THE ZEROS INCLUDES TWO…COUNT THEM… TWO… OBJECTIVES….

[king david] Jester You mean first they delete the 000’s then they revalue the currency?

[Aunt B] Jester delete 000 and waa laa… rv

[Jester] OK I GIVE UP…. LOL

[Jester] YOU GUYS ARE TRYING TO OUT THINK ME FOR SOME REASON…

[Jester] OK…. I’M DONE…. LET IFLY DO IT…. SHEESH….

[Jester] WHEN I ASK IF YOU ARE FOLLOWING ALONG I DO THAT TO MAKE SURE YOU UNDERSTANDING WHAT I AM SAYING… NOT TO GO ANYWHERE ELSE… NOT TO INTERPRET WHAT I AM SAYING OR TRY TO FIGURE OUT WHERE I AM GOING… I HAVE REALIZED THAT FOR SOME REASON WHAT I AM SAYING IS NOT REALLY GETTING ACROSS… AND IT IS IMPORTANT FOR YOU TO UNDERSTAND WHAT I AM TRYING TO TELL YOU AND I WILL DO MY BEST TO EXPLAIN… BUT YOU HAVE TO LISTEN AND PAY ATTENTION… SO THAT IS WHY I STARTED ASKING IF YOU ARE FOLLOWING ALONG….

[Jester] BUT THAT IS PRETTY MUCH A YES OR NO QUESTION… AND NO IS PERFECTLY ACCEPTABLE… IF THAT IS THE CASE I WILL TRY TO EXPLAIN IT BETTER…. THAT IS WHY I ASK THAT…

[AKandyGrahm] No, Jester, I’m not following you

[Jester] AKandyGrahm I HAVE NOT RESTARTED YET SO I DON’T KNOW IF YOU ARE TRYING TO BE FUNNY OR NOT…

[AKandyGrahm] No – I meant I wasn’t following you…

[ifly] Jester perhaps you take example of value of a 25000 dinar & explain from that angle

[Jester] ifly THAT HAS NOTHING TO DO WITH IT…

[Jester] THAT IS NOT THE POINT I WAS TRYING TO MAKE AND THEREFORE YOU WILL NOT UNDERSTAND MY REASONING….

[Jester] I WAS ATTEMPTING TO EXPLAIN THE EXACT ARTICLE AND WHAT I THINK IT ACTUALLY MEANS…

[Jester] NOW…. LET ME PUT THE ARTICLE IN HERE AGAIN FOR ANYONE NEW THAT IS HERE NOW…

[Jester] BAGHDAD / … confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country.

[Jester] Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency. “

[Jester] “The country suffers deficit as Iraq does not it can support its currency unless received grants from third parties, and whether this possible implementation it is important, reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq “. Finished / 13

[Jester] LINK…..   http://aynaliraqnews.com/index.php?aa=news&id22=33283

[Jester] SO THERE WE HAVE THE ARTICLE… AND I WILL LIKE TO POINT OUT A COUPLE THINGS I THINK ARE IMPORTANT…

[Jester] delete the zeros includes two basic objectives,

[Jester] THIS IS PRETTY SIMPLE…. IT MEANS THERE ARE TWO OBJECTIVES… TWO THINGS THAT HAVE TO BE DONE…. TWO STEPS…

[Jester] the deletion of zeros, and the restructuring of the Iraqi currency

[Jester] THESE ARE THE TWO STEPS….

[Jester] instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars

[Jester] THAT IS THE RESULT AFTER THE DELETE THE ZEROS… WHICH IS TWO STEPS… DELETION OF THE ZEROS… AND… AND… RESTRUCTURING OF THE IRAQ CURRENCY…

[Jester] SO… I AM TAKING THAT AFTER THE DELETING THE ZEROS… THE END RESULT HAPPENS…

[Jester] WHICH MEANS THE OTHER STEP…. RESTRUCTURING OF THE IRAQ CURRENCY MUST HAVE ALREADY HAPPENED…

[Jester] NOW.. WITHOUT ANY OTHER COMMENTS… IS THAT LOGIC MAKING SENSE SO FAR….

[AKandyGrahm] Are you open for questions, yet, Jester?

[Jester] AKandyGrahm OK WHAT PART ARE YOU CONFUSED ABOUT…. LETS GET THIS RIGHT BEFORE WE MOVE ON BECAUSE IF YOU ARE HAVING ISSUES OTHERS MAY BE ALSO….

[ifly] No reverse order of the article

[Jester] ifly OKAY… YOU CAN TELL ME WHAT YOU ARE CONFUSED ABOUT AS WELL….

[AKandyGrahm] What happened to the other 20 Dinars – is that part of the restructuring…. the 120,000 goes down to 100. Where’d the other 10 go?

[ifly] The article 1 delete 2 restructure sounds like a lop

[AKandyGrahm] Where’d the other 20 go (sorry)

[Jester] AKandyGrahm I HAVE NOT TALKED ABOUT THAT YET… I HAVE NOT GONE THERE… WHAT ARE YOU ASKING ABOUT THAT? I SIMPLY LIKED TO LAY OUT MY THINKING BEFORE GOING THERE….

[AKandyGrahm] Oooooooohhhhh!!!!! OK – didn’t know you were going to address that later. It was confusing me.

[Jester] ifly I HAVE NOT GONE THERE EITHER…. HAVE NOT GOT THAT FAR… I LIKED TO KNOW IF YOU WERE FOLLOWING WHAT I SAID SO FAR…

[Jester] PAY ATTENTION TO WHAT I AM SAYING AND ONLY WHAT I AM SAYING… BECAUSE WHAT I AM SAYING NOW BUILDS THE FOUNDATION FOR WHAT IS TO COME…

[Jester] OKAY… IS ANYONE ELSE STILL CONFUSED ABOUT HE POINT I WAS TRYING TO MAKE? TWO STEPS…. INCLUDING THE DELETION OF THE THREE ZEROS AND THE RESTRUCTURING OF THE IRAQ CURRENCY…. THE END RESULT IS THE DELETION OF THE THREE ZEROS… SO THEREFORE THE RESTRUCTURING OF THE IRAQ CURRENCY MUST HAVE ALREADY HAPPENED…

[Aunt B] Jester got it thanks

[Shar] Jester understood

[Jester] OKAY… LETS MOVE ON THEN… WHEW…

[Jester] SO… LETS DISSECT THE INFORMATION A BIT…

[Jester] STARTING POINT… instead of the $ 100 equals 120 000 Iraqi dinars… OR IF YOU LIKE TO THINK ABOUT IT… DIVIDE BOTH BY 100…. THAT MEANS $1USD = 1200 IQD… CLOSE TO THE ACTUAL 1166 RATE AND I THINK HE JUST ROUNDED IT OFF TO TALK ABOUT IT… MAKE SENSE?

[Aunt B] Yes

[Jester] THAT IS HOW MOST OF US SEE IT NOW…. 1 USD = 1166 IQD

[Jester] SO THAT STATEMENT IS WHAT IT IS RIGHT NOW….

[Jester] THE ENDING POINT…. after deleting three zeros become a $ 100 equals 100 Iraqi dinars… THIS MEANS AFTER THE DELETING THE THREE ZEROS… AND BY THE POINT I MADE ABOVE… ALSO AFTER THE RESTRUCTURING OF THE IRAQ CURRENCY…. THAT IS THE RESULT…. STILL FOLLOWING ALONG?

[ifly] Yes

[lady luck] yes

[Jester] NOW I AM GOING TO MAKE A FEW THEORIES BASED ON WHAT I KNOW ABOUT IT… THIS GETS A LITTLE COMPLICATED… SO IF YOU GET LOST LET ME KNOW…

[Jester] OK… SO… HERE IS WHAT I THINK IS REALLY GOING ON… THEY ARE SET TO RI… THEY HAVE TO DO THAT BEFORE DELETING THE 000’S… BECAUSE THE DELETING THE 000’S IS THE END RESULT…

[Jester] THERE IS ONE THING MISSING IN THE ARTICLE… THE REVALUING OF THE IRAQ CURRENCY… BUT WE SEE THE END RESULT… SO WE CAN BACK TRACK THAT TO THE ANSWER…

[ifly] Now following

[Jester] ifly THANK GOD…

[ifly] restructure not = ri/rv

[Jester] (BANGING HEAD ON DESK)

[Jester] ifly WHAT THE HECK ARE YOU THINKING ABOUT THAT FOR?

[Jester] I HAVE NOT GOT THERE YET…

[ifly] Don’t know what the article means by”restructure

[Jester] OKAY… WE ARE GOING TO RUN OUT OF TIME ANYWAY… MAYBE WE SHOULD REVISIT THIS TOMORROW…

[Aunt B] Jester please finish i think it will all fall in place when you finish

[Jester] OK… THAT IS NOT FAIR… MOST ARE FOLLOWING… I AM GOING TO CONTINUE… IFLY… YOU WILL JUST HAVE TO TRY TO FIGURE IT OUT IN THE FORUM OR ASK QUESTIONS TOMORROW…

[Jester] WE WILL PROBABLY HAVE TO EXTEND… IS THAT OKAY WITH EVERYONE?

[Shar] Jester Yes

[Americana] yes please go ahead

[Jester] STARTING POINT… instead of the $ 100 equals 120 000 Iraqi dinars… OR IF YOU LIKE TO THINK ABOUT IT… DIVIDE BOTH BY 100…. THAT MEANS $1 USD = 1200 IQD… CLOSE TO THE ACTUAL 1166 RATE AND I THINK HE JUST ROUNDED IT OFF TO TALK ABOUT IT… MAKE SENSE?

[dinarrocks] yes

[Jester] THE ENDING POINT…. after deleting three zeros become a $ 100 equals 100 Iraqi dinars… THIS MEANS AFTER THE DELETING THE THREE ZEROS… AND BY THE POINT I MADE ABOVE… ALSO AFTER THE RESTRUCTURING OF THE IRAQ CURRENCY…. THAT IS THE RESULT….


[Jester] NOW I AM GOING TO MAKE A FEW THEORIES BASED ON WHAT I KNOW ABOUT IT…

[Jester] SO… HERE IS WHAT I THINK IS REALLY GOING ON… THEY ARE SET TO RI… THEY HAVE TO DO THAT BEFORE DELETING THE 000’S… BECAUSE THE DELETING THE 000’S IS THE END RESULT…

[Jester] THERE IS ONE THING MISSING IN THE ARTICLE… THE REVALUING OF THE IRAQ CURRENCY… BUT WE SEE THE END RESULT… SO WE CAN BACK TRACK THAT TO THE ANSWER…

[Jester] OK…. WE ARE UP TO DATE NOW…

[Jester] SO MOVING ON I WILL USE THE NUMBERS IN THE ARTICLE SO YOU CAN FOLLOW WHERE THEY COME FROM…

[Jester] START…. 100 USD = 120,000 IQD

[Jester] BECAUSE WE KNOW THEY ARE USING IQD RIGHT NOW…

[Jester] AND WE ARE USING USD OF COURSE…

[Jester] PAY ATTENTION TO THE IDENTIFIERS…

[Jester] END… 100 USD = 100 IRAQI DINARS…. IQD? IQN?….

[Jester] MISSING PIECE FROM THE ARTICLE… THEORY… MINE… RI CURRENCY IS IQN…

[Jester] SO… WITH THAT THEORY…. 1000 IQD = 1 IQN…. THUS COMPLETING THE DELETION OF THE 000’S…

[Jester] FOLLOWING ALONG? (CRINGING)

[ifly] Yes

[Jester) BASICALLY TO TELL YOU WHAT WE ARE GOING TO DO NEXT… WE ARE GOING TO CONVERT THE CURRENT VALUE OF THE USD TO THE END VALUE OF THE IQN AS STATED IN THE ARTICLE… AND AFTER THE RI WE ARE GOING TO CONVERT IT BACK…

[Jester] REMEMBER THE USD EQUIVALENT IS ON THE LEFT… AND THE IRAQ EQUIVALENT IS ON THE RIGHT…. THEN YOU WILL BE OKAY…. HAHAHAHA

[Jester] OKAY… LET’S DO THE MATH THEN….

[Jester] START…. 100 USD = 120,000 IQD… THIS IS THE VALUE TODAY…

[Jester] NOW LET’S TAKE THE USD AND CONSIDER THE MISSING FACTOR OF THE END RESULT BEING 100 USD = 100 IQN… THAT IS THE VALUE AFTER THE RI…

[Jester] THIS IS KIND OF A BACKWARD WAY OF DOING IT….

[Jester] 100 USD * (100 IQN / 100 USD) = 120,000 IQD

[Jester] THE 100 USD CANCELS OUT AND YOU ARE LEFT WITH…. 100 IQN = 120,000 IQD…

[Jester] THIS IS THE VALUE OF THE RI DINAR NOW IN IQD AND IQN…

[Jester] NOW LET’S USE THE FACTOR WE HAVE FOR THE 1000 IQD = 1IQN

[Jester] THIS IS THE 000’S PART…

[Jester] SO.. 100 IQN = 120,000 IQD * (1 IQN / 1000 IQD)

[Jester] THE IQD CANCELS OUT AND YOU ARE LEFT WITH 100 IQN = 120 IQN

[Jester] REMEMBER ONE IS THE USD EQUIVALENT ON THE LEFT AND THE IRAQ EQUIVALENT ON THE RIGHT…

[Jester] SO LETS PLOW THE USD BACK IN… STILL THE END SINCE WE ALREADY DID THE RI WE ARE NOW JUST FINDING THE VALUE OF THE USD TO THAT AFTER DELETING THE 000’S…

[Jester] IF YOU UNDERSTAND FACTORS THEY CAN BE INSERTED OR REPLACED AND STILL EQUAL THE SAME THING IN THE EQUATION…

[Jester] SO… REMEMBER THE END? 100 USD = 100 IQN

[Jester] SO…. 100 IQN * (100 USD / 100 IQN) = 120 IQN

[Jester] OR REDUCED DOWN…. 100 USD = 120 IQN…. OR 1 USD TO 1.2 IQN….

[Jester] I COULD LIVE WITH THAT… HAHAHAHA

[Aunt B] Jester Makes sense thank you

[Jester] Aunt B YAY! HAHAHAHA

[dinarrocks] Jester Where do I sign up? lol

[Jester] SO IF YOU CONSIDER THE RI IN THE EQUATION THEN IT CANNOT BE 1:1… BECAUSE THAT IS NOT WHAT THE ARTICLE SAYS….

[Jester] NOW… I AM NOT SAYING THIS IS WHAT IT WILL ALL TURN OUT TO BE… I AM ONLY POINTING OUT WHAT THE ARTICLE REALLY SAYS SINCE THE QUESTION WAS ASKED….

[Jester] AND SOME OTHERS MISSED THE POINT…

[Hoosie[dinarrocks] Jester Thank you for laying it out for us!

[tessamae] Jester Si senor

[nano59] O….K….

[ifly] Wow! I did not follow that at all. Seems to me its simply a break even deal. ???

[Jester] ifly SERIOUSLY ? YOU ARE BREAKING EVEN? YOU MUST HAVE PAID A WHOLE LOT MORE FOR YOUR DINAR THAN I DID…. LOL

[Jester] THAT THE RI MUST HAPPEN PREVIOUS TO THE DELETING THE 000’S… I AM HOPING WE ARE NOT WAITING THAT LONG… ALTHOUGH THAT MIGHT BE A POINT OF INTEREST… SINCE I THINK THAT MIGHT ACTUALLY BE THE POINT… ONCE THE RI HAPPENS… THE GROUPS CAN GO THROUGH… BECAUSE THE COUNTRIES CAN EASILY TRADE… AND THE DELETING THE 000’S MUST HAPPEN BEFORE IT BECOMES INTERNATIONAL IN THIS SCENARIO….

[dinarrocks] Jester The thing I am confused about is the relationship IQD/IQN? A little fuzzy?

[dinarrocks] Jester I think it is somewhat like our TRN/USN but not sure?

[ifly] Jester I paid up somewhat because I bought from dealers instead of banks. Bottom line, how many USD will I get for 1000 IQD, given a rv rate of 3.50? My math based on your example yields $10 or with rv to $3.50. $35. Not bad, but no huge deal

[ifly] Oops! Make that $1 or rv to $3.50

[dinarrocks] Jester However, do not want to prolong chat longer than necessary. Thank you for staying late and laying out the process/theory!

[Jester] dinarrocks THE IQD AND THE IQN IS THE IN COUNTRY AND INTERNATIONAL COMPONENTS OF THE CURRENCY IN IRAQ…. SAME AS THE US WILL HAVE… THE TRN WILL REPLACE THE FRN/USD IN THE INTERNATIONAL COMPONENT AND THE USN WILL BE THE IN COUNTRY COMPONENT…

[dinarrocks] Jester OK, that is what I thought, so I did not misunderstand!

[Jester] ifly I AM SORRY YOU DO NOT GET IT… YOU ARE OVER THINKING IT… BUT I DO NOT HAVE TIME LEF TONIGHT TO GO OVER IT AGAIN…

[Jester] dinarrocks YOU DID NOT… HA!

[king david] [Jester] “THIS IS KIND OF A BACKWARD WAY OF DOING IT….” I think this is why I missed it…maybe others as well. I was looking forward while you were looking backward. my bad

[happyjack] If I can toss this out there. what if the zero’s that are getting deleted are the leading zero’s in .00086USD = 1 IQD meaning now .86USD=1 IQN? Isn’t that about the same math?

[ifly] Cool beans thanks will read forum till I get it.

[Jester] ifly I NEVER SAID ANYTHING ABOUT $3.50… SOMEONE ELSE TOLD YOU THAT… I JUST TOLD YOU $1.20 BASED ON THE ARTICLE WE WERE USING…

[ifly] Right. Shabs said near Kuwait

[Jester] happyjack AND TO TELL THE TRUTH THAT REMAINS THE SAME RESULT WHEN AND CONVERTING 1000 IQD = 1 IQN…. DO THE MATH AGAIN AND YOU COME UP WITH A LITTLE DIFFERENT NUMBER BECAUSE THAT NUMBER IS 1166:1 AND I USED THE ARTICLE NUMBER OF 1200:1…

[Jester] SO YOU ARE RIGHT ABOUT THAT…

[tessamae] Jester Thanks I enjoy breaking down what we are actually seeing….not pretending what we might see in the future.

[ifly] What I got outta that is I get my $ back, break even. Not exactly what I wanted to hear, but republic is the real prize anyway

[PollyP] ifly. get professional wealth help or that may be what you end up with

[Jester] ifly ONCE AGAIN… IF YOU THINK THAT YOU DID NOT GET IT… IF THIS THEORY IS CORRECT YOU WILL GET $1.20 FOR 1 DINAR… WHICH IS A CRAP LOAD MORE THAN YOU PAID FOR IT…

[INSERTED BY Jester FOR IFLY] WHAT YOU PAID FOR IT TO BEGIN WITH IS NOT THE SAME AS WHAT IT WILL BE WORTH AFTER ALL THE MATH WE DID… YOU ARE MIXING UP THE TWO THINGS WITHOUT CONSIDERING THE CALCULATION… THAT CALCULATION SHOWS WHAT IT IS WORTH BEFORE… AND THEN CONVERTS TO THE END VALUE… AFTER THE RI AND DELETE THE 000’S… AFTER ALL THE MATH YOU WILL GET 1 USD FOR EVERY 1.2DINAR YOU HAVE THEORETICALLY… OR IN THIS EXAMPLE… YOU WOULD GET 83 CENTS FOR EVERY DINAR YOU HAVE… IF YOU HAVE A MILLION DINAR YOU WOULD GET $830,000…

[tessamae] ifly he said 1.20 per 1 dinar…. that is way more than what we paid for it.

[ifly] Shabbibi said near Kuwait. Hence $3.50

[Hoosier Girl] Jester Thats true too

[Jester] ifly WE ARE TALKING ABOUT THE ARTICLE THAT CAME OUT… THAT IS ALL I HAVE TO GO BY….

[Jester] I CAN’T TAKE ANY MORE… LOL

[Jester] YOU GUYS TAKE IT EASY…. HAVE A NICE WHAT IS LEFT OF THE EVENING…

[Jester} THANK THE MODS FOR HANGING WITH US…

[Jester] SEE YOU ALL TOMORROW… NIGHT NIGHT…


Mailman17 ONE OF MY CLOSEST CONTACTS AND A LONG TIME FRIEND WHO I WILL CALL BUBBA FOR NOW…HAS ALSO GONE OVER THE RECENT NEWS AND ARTICLES ESPECIALLY CBI ARTICLES AND WE BOTH CONCUR THAT THE CBI WOULD NEVER HAVE LET THE CAT OUT OF THE BAG AND TELL US IN SHORT THEIR INTENTIONS. THEY ARE READY TO IMPLEMENT ALL MONETARY AND ECONOMIC REFORMS THAT THEY HAS BEEN WORKING ON FOR YEARS AND ACCELERATED SINCE ABADI TOOK OFFICE. IMPLEMENT…NOT PLAN, NOT LOOK AT…NOT LOOKEY SEE, TALK ABOUT OVER COFFEE…BUT IMPLEMENT…ACTIVATE….MAKE IT HAPPEN…NOW. THE NEXT FEW DAYS SHOULD BE VERY INTERESTING

 

Tlar Article quote: “Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives”, “the deletion of zeros”, and the “restructuring of the Iraqi currency”, The article implies that the zeros that are being deleted are not the zeros on the currency. She reiterates that they are going to “delete the zeros” and then “restructure the currency”. If this was a move to lop she would definitely have stated it differently. She might have said something like we are going to delete the zeros off the currency. It is understood that if you delete the “leading” zeros off the nominal rate, that it follows you would have to restructure the currency. Phrasing here is very important as it allows us to see inside the project exactly what they are going to do. Of course this assumes she is an insider with accurate information. The way she phrased it, it is an RV only. If it were a float only, again she would have phrased it differently maybe saying something like the intentions are to allow the currency to get to a dollar and when it does we will restructure the currency. She certainly thinks and talks like she is an insider with accurate knowledge of the project, but the question remains she is privy to the actual rate or is just stating this because it has a long time goal of Shabibi’s.