coyotestones

Sarav on google translate means Exchange...b is next to v on keyboard...typo maybe or fat fingers? I'd vote yes for a 1.17 exchange rate!

Isn't 400 million us dollars trading out one trillion dinars screaming a .40 cents exchange rate currently? Definitely more to the story... Super positive news that they can move that much money that readily. Nice.

Well if it isn't important and nothing is happening then why would he keep returning there? Because the bombs sand and scorpions are so inviting? Or maybe they just want to keep Biden out of the way so they keep sending him to the most remote outposts in hopes that if he says anything stupid it will be translated in an odd language and can be fuzzied out? It really does seem odd that in four years he is there 12 times? Making that trip 3 times a year seems like a PITA to me unless I had a great reason to be there and it sure isn't publicity.

This is news....I didn't think they were that close to a unified currency. Makes it sound like any day now. Notably Iraq is not on that list. I does make me wonder what the comparitive economies are of the listed nations and where Iraq might fit in the mix. Thanks Sara good post.

Awesome conversation Sirius thank you!!

http://www.iraq-businessnews.com/2011/08/10/iraqi-govt-to-announce-billions-of-opportunities-in-london/ This was the article that was so promising..but so little seems to have come out of it in the way of actual news and deals. It was supposed to be held Sept 7-8, 2011. Shabibi attended as well as the minister of oil al-Shamma. The only deal I've seen is with Hayward and Rothchild http://dealbook.nytimes.com/2011/09/07/haywards-vallares-to-buy-genel-energy-in-2-1-billion-deal/. Just seems odd to hear no news. I guess Iraq showed up with a list of things they need from the investors and the deals will come later. Still, I would like to see a copy of the USGS survery of Iraq's oil and mineral reserves. Iraqi Govt to Announce $Billions of Opportunities in London Posted on 10 August 2011. Tags: Iraq Mining 2011 Iraq Business News is delighted to be chosen as the official Media Sponsor of Iraq Mining 2011. Billions of dollars worth of investment opportunities are expected to be announced by Iraq’s Minister of Industry and Minerals, H.E. Mr Ahmad Nassir Al-Karbooli (pictured), on 7 September at Iraq Mining 2011 in London, a conference on Iraq industry and materials, including petrochemicals, cement, steel, fertilisers, minerals and construction materials. Investment contracts in these sectors are likely to be presented. Key Confirmed Attendees and Speakers: H.E. Ahmed Nassir Al Karbooli, Minister of Industry and Minerals Dr. Sami Al Araji, Chairman, Iraq National Investment Commission Dr. Qusay Al-Souhail, First Deputy President of Iraq Parliament H.E. Thamir Ghadhban, Chairman of the Advisory Commission to the Prime Minister Dr. Ahmed al-Shamma, Deputy Minister of Oil H.E. Ali al-Adeeb, Minister of Higher Education and Scientific Research H.E. Abdul-Kareem al-Sammaraei, Minister of Science and Technology H.E. Dr Ali al-Dabagh, Minister of State Dr. Kamal H. Latif, Deputy Minister of Environment Dr. Sinan al-Shabibi, Governor of Central Bank of Iraq The event will also see the unveiling of the most comprehensive geological survey ever conducted on Iraq by the US Geological Survey and Iraq Geosurv. The rigorous study was undertaken over a seven year period and will reveal Iraq’s hidden potential for the first time. At the two day conference, from 7 – 8 September, the Ministry of Industry and Minerals will be presenting its strategy for creating world-class mining, mineral and material industries in Iraq, which will include PPP schemes and the privatisation of major industries. Plenary sessions and workshops led by the heads of Iraq’s minerals and materials’ industries will also take place, providing opportunities for delegates to discover Iraq’s vast investment opportunities. Other senior Iraq government officials present will include the First Deputy President of the Iraq Parliament, the Chairman of the Advisory Commission to the Prime Minister, Deputy Ministers, Senior Advisors, Director Generals and the Governor of the Central Bank of Iraq as well as top representatives from the banking, business and education sectors – all attending with the sole purpose of carrying out business with potential foreign investors. Dr Abbas al-Hussaini, CEO of Iraq Mining, said: “Iraq Mining 2011 is the culmination of over two years planning to produce the first ever Iraq event to not only showcase Iraq’s mineral wealth, but to create a platform whereby international investors can engage with high level Iraqi decision-makers here in the world’s finance capital – London.” Iraq Mining 2011 has been organised in conjunction with the National Investment Commission of Iraq (NIC), whose role is to support Iraq’s substantial re-engagement with investors from around the world. The NIC has devised generous incentives for foreign investors, who qualify, including: 10 years tax exception; the repatriation of profits from investments; and a three year exemption from import fees for required equipment and materials. “Iraq is well known for its significant oil and gas reserves but few are aware that it’s rich in minerals,” said Dr Abbas al-Hussaini. “The Mishraq native sulfur deposit in northern Iraq, for example, is the largest known occurrence of stratiform bioepigeneticsulfur making Iraq a potential world leader in sulfur production. After decades of underinvestment, due to conflict and sanctions, Iraq is now actively seeking international investment and expertise to help rebuild its world-class mining, mineral, and material industries.” This year, foreign investment in Iraq is set to double from $42 billion in 2010, to an estimated $80 billion in 2011, with investment in Iraq already totalling $45 billion so far this year. With such attractive investment incentives and growing confidence in Iraq’s stability, the country is fast gaining recognition as an important and exciting market for foreign investors. To register for Iraq Mining 2011, being held at the Royal Garden Hotel, London, 7 – 8 September, please visit www.iraqmining.com to register. Organisations interested in exhibiting should email info@iraqmining.com or call +44 (0) 207 559 1412.

MGRMGRMBR It seems like this may be a copy of the video you refer to that has other bank officials. Since they are both posted by currency newshound and cntv they remain in my interesting but probable propoganda box until further verification. Could be smoke. I did not think Iraq's inflation was so bad.

MGRMGRMBR I saw this as well but the link and the cntv video are still available. Bank official is interviewed at end. You saw a video that ended differently?

Ha ha ha you had me at 927! I thought you were going to say RV 9.27! Thanks for the dream post nointel it would make a good thread on its own. 9/27 fits my schedule just fine.

Specially Designated Nationals List (SDN) 9/1/2011 Page Content Get e-mail updates when this information changes. As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked and U.S. persons are generally prohibited from dealing with them. http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx I did not read this as Iraq was removed from the list. I saw it as ALI was removed where his assets may be controlled by germany and iraq. exact wording below..... The following deletions have been made to OFAC's SDN list: ALI, Ali Abdul Mutalib, Germany (individual) [iRAQ2]

I just heard that this same sort of car theft ring happens and they ship the cars to Kuwait as well.

Dalite this is accurate and can also be verified with the IMF. You have to read the excel spreadsheets on the PPP numbers which states M2 as 52 trillion in 2010 and climbing...http://www.imf.org/external/pubs/ft/weo/2011/01/weodata/download.aspx then click on the excel file to download the file by country....faaaascinating reading but a few great takeaways are all countries are denominated in USD at the IMF which was changed in April 2011....you can also see each countries debt and PPP - purchasing parity power as compared to everyone else....according to these reports for example IQD should peg higher than the Jordanian Dinar but not as high as Kuwait - all things equal - debt, money supply, gdp etc.

Agreed. Soo much money and so few people who matter that I can bribe in one way or another to do my bidding. I'm certain to the top brass its like an enjoyable live chess game. Soros' most interesting recent move was to get out of hedge fund management - a too telling deathknell for that industry. And I do wonder who shorted treasuries with a billion dollar hedge. So curious. Keep hunting and learning and Sirius is right Endgame is a good place to follow the white rabbit.

yes, yahoo look up the company and instead of major sharholders look up insider transactions and it will list the top insider shareholder....sometimes they end up being on several boards etc and are linked back to bigger money...see link of what rockefeller owns and how he owns it or influences it.. http://socrates.berkeley.edu/~schwrtz/Rockefeller.html

Hmmm while I believe in following the money to see who makes the decisions....here are some additional facts to add to your post...McGraw-Hill, Citi, Wells, BAC, JPM, Goldman Sachs have something else in common...they are all large cap stocks and the holders listed above, State street, wellington, dodge and cox etc are all Large cap mutual fund houses which are NOT offshore and which the shareholders are probably everyday americans in their 401k's mutual funds. I will concede that all of the managers of these large cap mutual funds probably think alike and may agree on what are the best large cap stocks to own in the financial world. Anyway...my two cents before you run too far with this one. Instead when you look this up don't look up the major shareholders as it will always be a large mutual fund house, instead look up the insiders and see if you can connect any dots there. Many times the top players, humans with name... are large shareholders of more than the company that they happen to run as CEO. The rabbit hole is even deeper than that my friend....most of them have learned how to remain nameless via holding companies that own their subsidiaries. ie Rockefellars holdings and Rothchild.

Its always made sense to me that the US banks and the US fed will have ultimate control over the spigot especially for us little people. Lets say we are allowed to exchange a max of 10k USD a day with only 20 exchange days so only 200,000k in a months time. As a worker, I'm not going to flee from my job until I can exchange enough to retire which at this rate would take at least 7 months and I'm not including taxes or frictional fee costs. It just slows down the frenzy, keeps those exchanging sane and orderly, and allows the banks to use their in place anti-money laundering laws. IMO I don't think many of us will be able to chunk down a million IQD and walk out the door with our retirement in one day. They will control the flow and reduce chaos and many working contractors will keep working - but put in notice.

I hear that FrankenSLI! Lotta new folks at the dinner table these days.

Terrific news! Thanks carlablum

Considering other things the IMF submission said that Central Bank of Iraq has planned to create foreign exchange markets outside the framework of regular dollar auctions. The bank uses this auction to set the exchange rate. This exchange rate has been held at 1,170 dinars per dollar for several months. Iraq is also planning to develop organized exchange markets outside the Central Bank, to improve the foreign exchange auctions. Thus the aim should be to establish an advanced market in Iraqi dinars in the near future. Oh I like this part.......

Fox and BjinMontreal are correct. Regarding math skills you have to make sure you are using the correct numbers .0235 NOT .235 and you have to keep straight what units you are in as the math doesn't work until you are using the same units. Like for like. So dinars don't equal dollars just like centimeters don't equal feet. You have to be careful in the conversion to know which direction you are going - dinars into dollars or dollars into dinars-as that will determine if you are dividing or multiplying. Fox's equation is right.

I was lucky enough to catch this and print out two screenshots. One when it shows Last trade .0005 but the Day's Range is .0522-.0526 and 52wk Range is .0005-.0526 and then the fun one when it jumps to Last Trade .0525 and it shows the Change upward with the 9,895.4297% uptick. It's not as cool as the guy whose got the youtube video showing it change but its fun to hold them in my hands and wonder who is getting that trade right now. Makes me wonder if a chosen few are trading in at the new rate. Either way if its a "glitch" or an "undocumented feature" it's been pretty consistent for a couple of weeks now, popping in and out of existence at random times.

Well done informative call on the history of how nations transform with the help of bankers, rv's and other nations investing in them.

Thanks for those quotes. Really nice affirmations from a book that has lived to see many revals, political, social and religious changes. A peaceful call to God to make it happen in a perfect way through grace. Sleeping on that one trusting in the Lord's timing.

tampa1000 This IS STRANGE!!!!!! Go to the middle of this page and use the currency converter on the right side, enter $1 USD and covert it to Iraqi Dinar and see what it equals. But if you do it in reverse it give you the true rate. http://www.english.globalarabnetwork...-database.html that's an interesting little glitch isn't it?

IMF paper 2/8/2010 specifically talks about a financial audit for the cbi with a deadline of march 31 2010 and a secondary external audit at the end of june regarding monetary and exchange rate policies and financial sector reform. They are on the path to prove and protecting assets to have purchasing parity power with the IMF but seem currently mired in the essential details. Current election and IMF financial hoop jumping would suggest we are not there yet. Thus ski trips seem well advised.