6-2-2012 Kaperoni: Is a LOP or Redenomination possible? Let’s go with the full 27 trillion dinar in circulation. If they LOP or re-denominate 27 trillion to 27 billion (delete 3 zeros) and gave it all to the US, they would not come close to paying off the war debt of 800 billion and climbing. Only a RV will solve the financial expense. Only a RV will pay off the kind of global debt. Now lets look a bit closer on where the dinar will go post RV. Can Iraq collect it and pay for it? I don’t think that this the plan. “Experts regard financial ambition that the Iraqi dinar is adopted as part of international reserves, through the establishment of a strong economy boosts value of local currency.” Here we have the first statement which appears to disclose the plan for the dinar. The dinar that was “leaked or sold” outside of iraq. Pretty clear..”adopted as part of international reserves.” Saleh: "the Iraqi dinar is not an international reserve currency to be treated abroad, we aspire to be the monetary policy of the Iraqi dinar portion of international reserves and this needs to be a long time." So he is saying here. The Dinar will not he bought or sold overseas. That will be done by the CBI. The CBI will control the monetary policy. The dinar held in international reserves will stay there for a “very long time.” Clearly telling us, once again that banks/feds hold this dinar will use it simply as a reserve currency. A currency held for a “long time.” The CBI will be the Central Bank for the dinar handling the monetary policy. And once they RV, the dinar will become an international reserve currency (as the dinar you and I own is collected and held). “The member of the Economic Commission parliamentary: the idea is now up to the deletion of three zeros of the Iraqi currency, and this project will hopefully contribute to give power to the Iraqi currency to foreign dealings.” They just gave us the answers we wanted. When will it become a foreign reserve currency? The answer is clear, that once they “delete 3 zeros” that will start the process (collection) to create the foreign reserves “they aspire to be part of.” As well we see they want to “give power” to the Iraqi currency internationally. Only a RV can accomplish this. “Saturday: "it is obvious that Iraq is capable of adopting the dinar as part of international reserves, especially large resource he possesses in the oil sector and over (80 to 90) billion dollars of Central Bank reserves and the positive impact on the Iraqi currency against the greenback and makes well-placed dinar as formerly among world currencies.” Wow! This quote is very powerful. They are saying the dinar will be very strong, have a positive impact against other currencies (causing them to be strong). More of the plan is coming out. “The Central Bank adviser said in an earlier statement to the news agency of news "that the Iraqi dinar is not an international reserve currency to be treated abroad, we aspire to be the monetary policy of the Iraqi dinar portion of reserves and this needs to be a long time.” “He pointed to: that the goal of central bank policy at the moment is the stability of the exchange rate of the dinar against the U.S. dollar , Our goal in the long run be equal to it being a process need to be a strong economy and inflation is low and a cash reserve large.” “Jubouri said in an earlier statement: The approach undertaken by the central bank retention rate of the dinar against the dollar during the current indication that monetary policy in the country able to make the dinar equivalent of the U.S. dollar.” These 3 quotes…tell us the dinar is now (the CBI feels) a “hard currency.” That the goal is to make the dinar equal to the USD. Or 1 to 1. Therefore, we now see the rate. Not some foolish rate, but a rate comparable to the US dollar. Hard currency (also known as a safe-haven currency or strong currency), in economics, refers to a globally traded currency that is expected to serve as a reliable and stable store of value. Factors contributing to a currency's hard status might include the long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. This definition falls in line with the plan. What the other statement meant. What the plan is for the New Iraqi Dinar. This event will “increase the confidence and international credibility in Iraqi currency” Next time someone gives you a huge bogus rate, show them the facts. Show them the desire of the Central Bank of Iraq. When you follow the facts, you get the real story. I hope it helps.
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