Double R

This guy is an advisor to the CBI and obviously a pretty smart guy. If the CBI has gotten to the point where they know exactly how much Dinar is in circulation and no whales can jump in, they're not doing any harm at all.

The PMU is the Project Management Unit-related to the Banking Reform in Iraq. Restructuring of the internal audit and compliance units at Al Rasheed Bank and Al Rafidain Bank, state-owned commercial banks. This guy looks like he headed that whole area-which as Scooter has said for years is the whole key to the RV. I dunno if his comments mean the two banks have been restructured? Scooter always said we wouldn't seen an RV prior to this happening. http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/MNA/2011/12/06/46957B4459D4236C852577A6004C4E08/1_0/Rendered/INDEX/IRAQ00Aide0Memoire0July02010.txt 1. The PMU has issued an Expression of Interest (EOI), in compliance with Bank’s procurement guidelines, with regard to restructuring of the internal audit and compliance units at Al Rasheed Bank and Al Rafidain Bank, state-owned commercial banks. 2. On November 23, 2009, EOI has been advertised in United Nations Development Business (UNDB) and DG Market websites. Four consulting firms expressed their interest; Huron Consulting Group, Price Water House Coopers, International Business and Technical Consultants, Inc., and Francis Domnic Noronha. Subsequently, an Evaluation Committee was established and conducted a primary evaluation of the received EOIs. 3. The Committee shortlisted three firms and the PMU issued Requests for Proposal (RFP) for the shortlisted firms. On May 10, 2010, the PMU received the technical and financial proposals from the three shortlisted firms. The Committee held two sessions in order to evaluate the received technical proposals. Due to the unfortunate attack that resulted in burning out all the PMU’s assets and documents; the process has been postponed until the PMU retrieve the lost documents and re-establish the new offices. In this respect, the PMU will be requesting the shortlisted firms to re-submit their technical and financial proposals.

This Majid guy has been referenced in a few articles over the past months and days. Might be this guy-if so, he's not any newspaper writer-would be a highly influential economist with his hooks into all things Iraq and CBI. Dr. Majid Al Souri, Director, Iraq Banking Sector Reform Project Management Unit (PMU) http://siteresources.worldbank.org/INTMENA/Resources/Financial_Sector_Review_English.pdf http://english.alarabiya.net/articles/2012/06/06/219014.html http://www.iier.org/i/page_content.php?smenu_id=261

Which is also why i'll be making a significant investment in physical gold and silver after this goes down. Only a crazy man would be messing with the dollar right now

It all makes sense. The dollar's purchasing power is down 30% since 2009. Even the Yuan is trading at an all-time high to the dollar now. For the people of Iraq that use the dollar, they can't buy what they did just a short time ago. Convenient time to make the case that they de-dollarize and make sure their people can still buy everyday goods and services.

Sounds to me like they are saying since our dollar is in free fall with all the QE crap we've been doing, that it's necessary to jack up the rate.

the restructuring of these banks is Scooters key to the RV.

About 2 years ago, a poster named Dr. J (Michael Johnson is his name) stated that the RV would not happen until at least the end of 2012. This was his opinion based on information he received from some Wall Street contacts. At the time, many mocked him and said no way would it take that long and basically ran him off this site (count me in that group). Well, here we are getting closer to the end of 2012 and still no RV. It didn't occur to me at the time to put 2 and 2 together and ask "Why would he say until at least th end of 2012 without detailing why he thought that way?" There have been numerous theories that the triggering of this event is tied into selected high-profile individuals that can give it the yea or nay. After all, many here have taken the position that Obama and the powers that be would push the trigger to jumpstart the economy and thus enhance the election chances. Now I think this thing will NEVER happen as long as Obama is in the White House. I went and watched Dinesh D'Sousa's 2016 today and the theory he posts (and validates) is that Obama has been brought up with an "anti-Colonialism" view of the United States and our allies, through the influences of his father, Frank Marshall Davis and another individual that was a anti-Colonialist professor at Harvard. That all the wealth we have has been stolen from other countries. Since I wholeheartedly agree that this guy views our founding and our exceptionalism as unjust, I believe there is ZERO chance we will see an RV until he's out of office. His personal viewpoint with the RV would be that we're stealing money from Iraq and he's never going to let that happen based on what I watched today. A few weeks ago, Roger at DD cryptically posted some things that implied if we wanted an RV, it would be tied to Mitt Romney. I think Dr. J is right on-the reason he said "at least 2012" is because if Obama gets 4 more years, it won't be until 2016 if we still have a country left.

Actually it is about God and a plan. And after it's done, those that didn't deserve the gift in the first place will be separated from their newfound wealth. God operates everywhere. I can spot an aetheist a mile away.

Maybe you don't have all the answers like you think you do. This is all about God. You can't stop what's going to happen.

Link Central Bank of Iraq reveals plans for the use of alternatives to retain the wealth 08/16/2012 Central reveals plans for the use of alternatives to retain the wealth BAGHDAD - The morning Revealed the CBI for his quest to build future plans aimed at moving the adoption of the citizens on the dollar for the purposes of maintaining wealth to other alternatives if the coins, gold or bonds worth dollar. Deputy Governor of Bank of the appearance of Mohammed's (Center Brief for the Iraqi Media Network) The "There is a trend to save the dollar by the citizens for the purpose of maintaining wealth due to the stability of its price or to settle the transactions of Interior because of mounting cash for local currency, which ends with the implementation of the project to delete the zeros." said Mohammed that "there are plans and ideas future seek the central bank to apply a transition from dependence on dollar for the purposes of storage and retention of wealth to the adoption of other ways to save as version coins, gold or bonds worth dollar banks can sell them to citizens. The Central Bank shall manage an auction sale of hard currency in the country, the file is still a matter of political controversy and mutual accusations of the existence of cases of corruption. The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including policies Osarabv, and manage reserves of foreign currency, and the issuance of currency management, as well as the organization of the banking sector. at The Central Bank of Iraq, to sell dollars to the banks intended to withdraw liquidity from the market as is the case in which in most of the world's central banks. A statement by the Bank received the (morning) a copy of it: Most of the markets where the price of an official and the price of a parallel, the World Bank seeks to minimize the difference between the two rates through the inspection teams, to comply with the instructions of the central bank sold dollars to all government and private banks and branches of banks foreign and not to the banks of civil only. He explained: that the policy followed by the Bank since 2004 and so far is one of the successful policies, as it led to a reduction in inflation from 50 percent to 5.8 percent and falling prices and stability as a result the tools that were in place, which was to invest the night and deposits for the term (7 , 14 and 30) days of the dinar, as well as investment and night deposits for the duration (7 and / 30 and / 90) days of the dollar. He added that the bank canceled the tools mentioned except for deposits of order seven days of the Iraqi dinar only to encourage banks to grant credit for industrial projects, agricultural and residential, and pointed out that this monetary policy was welcomed by the International Monetary Fund.

Don't listen to anyone like Keep, who simply exists to dim your hopes about this great investment. Listen to God. You know in your heart whether this is meant for you. I am not sure when it will happen but we will make a nice return that allows us to live our lives comfortably.

Swear, I've seen this before. How many times does Shabs need to explain this to these morons??

But it's a neutral event

You serious, Clark?

Agreed. Enoch is one smart dude. Always makes you feel great to know that there are some incredibly brilliant individuals right there with us in this deal.

You better have a PhD in economics to understand this call.

Agree. The decision and personal choice to invest in the Dinar is exactly that-it's personal. No matter what Keep posts on here it doesn't diminish my 100% rock-solid belief that at some point in the near future this currency will give many of us the financial independence we all desire. This WILL happen as sure as the sun comes up on a daily basis-the timing isn't clear but trust your instincts. If you can't hack the ups and downs and filter out the garbage (both positive and negative) then this isn't the investment for you. I You know the solution to all this madness? Every one of us should go to a psychic and then report back on our findings Maybe collectively we'll get the knowledge we all seek.

Link July 22nd, 2012 MP for the National Alliance, Abdul-Hadi al-Hakim that the date for changing the currency has not announced by the Central Bank of Iraq to be exact, but it may take some time until it is no small. The MP added Abdul-Hadi al-Hakim, Vice Chairman of the Parliamentary Commission on Higher Education during a meeting with PUKmedia: Already announced the Central Bank set of images for the purpose of and put it on the new currency refers to a number of monuments of Iraq, some important and some are repeated and some are of little importance, therefore, presented to the bank group of the symbols of Iraq’s cultural, historical, I think it is more important than chosen by the Iraqi Central Bank. and about putting pictures the parameters of the Kurdistan region to the new currency said Rep. Wise: Yes, certainly will be more than a symbol of the Kurdistan region on the face of new Iraqi currency, noting that the central bank is not obliged to display images selected by the members of the House of Representatives for a vote and the right choice according to the conviction of its experts.

It means the smaller notes will absorb the value of the larger notes, as has been stated many times before. Trillions to billions means the mass of cash moves from 30 trillion or so to 15 billion. There are numerous articles that have stated this that have been presented in the last year.

Pray tell old chap....

I believe there are people on these forums that either work in connection with the US government and/or the CBI who try desperately through manipulation to get us to drop our Dinar. A while back a post on another prominent site stated that "we" (dinar investors) had caused some problems for this "plan" put in place. Just FYI, I'll NEVER give up the Dinar I own until it RVs or is no longer accepted by the CBI. Not happening.

Link Tuesday, 17 July 2012, 09:16 GMT Iraqi currency change to take effect next year By The Kurdish Globe By Muhammed Tahir Many doubt that removing the zeros on the Iraqi Dinar will strengthen its value As per a plan by the Central Bank of Iraq (CBI), new banknotes will be printed and introduced into the market starting from the beginning of 2013. The new banknotes will have three less zeros and the text and design will be modified as well. Although, some economists argue that the disadvantages of the change outweigh the advantages, the CBI will start the implementation of the plan at the beginning of 2013 without the approval of the Council of Ministers. "The zeros are removed for the purpose of increasing the value of Iraqi Dinars in a way that one Iraqi Dinar will be equal to one US Dollar," said Mahma Khalil, decision-maker of the parliament's Economic and Finance Committee, who argues that due to the increase in the oil and gas revenue of the country, the currency change is needed. It is expected that this year's oil revenue will reach USD 100 billion; and by 2014, this number is expected to rise to USD 300 billion. Dr. Ahmed Chawsheen, another member of the same committee, however, rejects this idea and argues that the value of money does not increase by removing zeros but rather by the development of industry and increase in domestic production. By production, MP Shawsheen does not mean only oil and gas, but rather producing majority of market demands domestically, "then the value of currency increases automatically." Aiyob Smaqayee, an economist, also argues that without a strategic planning for economic development, removing zeros would not only have little positive impact, but on the contrary may lead to negative effects on the economy. A number of countries such as Turkey, Brazil and Argentine have in the past removed zeros from their currencies, but due to lack of strong economic policies, their currencies failed to gain notable value, and even depreciated afterwards. Preventing or paving the way for money forging? MP Khalil told the Kurdish Globe that by changing the currency, the possibility of forging money would be lowered, and hence he has expressed his support for the CBI initiative. MP Dizayee, however, does not agree with his committee's head in this respectt, and states that changing the currencies will create a complication in the market and paves the way for corruption and misuse. "The banks might change the currencies easily for a group of people but not for another group," Dizayee told the Kurdish Globe. "Moreover, there might be some wealthy people who keep their money to change it at a later stage if they think they make a profit out of it. These will create chaos in the market." Reports have also indicated that in some countries, influential people had changed the old currencies in the banks and then withdrew them several times and changed them back again. Iraqi is already at the top of the list of the world's most corrupt countries and this fact increases the possibility of further corruption through the currency change process. Decreasing trust in Iraqi Dinars In addition to internal chaos, Smaqayee also believes that changing the Iraqi Dinar several times would diminish the trust in the currency in the world markets and hence push its value down. While Dizayee believes that printing new banknotes would cost a lot and is a burden on the CBI, Khalil states that the cost is only USD 125 million, which is not significant compared to the USD 65 billion balance of the CBI. Smaqayee also argues that collecting the old notes and destroying them is yet another additional cost. The nominations of the new banknotes Khalil says the new currency will be in the shape of coins and banknotes. The coins will be in different nominations like IQD 0.25, IQD 0.5, IQD 1 and IQD 2. And the nominations of the banknotes will be IQD 5, IQD 10, IQD 25, IQD 50 and IQD 100. Moreover, for the first time the Kurdish language will also be used on the new currency in addition to Arabic and English, with a proposal to print a picture of a historical site in the Kurdistan Region on one of the denominations. According to the CBI plan, the new notes will be introduced in early 2013 and the changing process will be done gradually over a period of two years, during which both the old and the new currency will be used in parallel. This gradual transition, according to Chawsheen, is a mistake and allows the possibility of corruption by the banks. He thinks that before introducing the new notes, an amount equal to the existent notes currently in circulation should be printed and thus the changing process should be conducted in one day, to prevent misuse and corruption. Every day a different decision Chawsheen told the Globe that the first mistake by the government was replacing the Swiss banknotes and adding zeros to it. "Now they regret this and want to remove the zeros again," said Chawsheen. "By this they will confuse the public. Why adding zeros and removing them later?" Three zeros were added to the Iraqi Dinar after the fall of Saddam's regime, and in 2013 and after less than 10 years, they will be removed. Background - In 2003, new Iraqi Dinar banknotes were printed with three zeros added - This banknote has been used since then - In early 2013 new banknotes without the three zeros will be introduced - For the first time Kurdish language will also be used on the notes - The picture of a historical site of Kurdistan will also be printed on one of the denominations - There will also be coins - The coins will have 4 nominations: IQD 0.25, IQD 0.50, IQD 1 and IQD 2 - The banknotes will have 5 nominations: IQD 5, IQD 10, IQD 25, IQD 50 and IQD 100. - The maximum nomination of the current notes is IQD 25,000.

Link doesn't work

Link BAGHDAD / With: The Economic Commission representative on the continuation of the work the old currency for the largest possible period in the event of replacement early next year, indicating that the banks will pull all the old currency from the market and inject new currency Bdelha. The MP said the Committee Abdul Hussein Resan in an interview with the correspondent of news agency the future today, Wednesday, that "the central bank-developed plan in accordance with the strategy prepared in advance to replace the currency in coordination with the Financial and Economic Committee and the relevant authorities both in the legislature or executive," which include the withdrawn the old currency over the almost two years and handed over to the banks which in turn will deliver the currency to the Central Bank over the ten years to destroy. " He stressed that: "The new currency will go to market in early 2013 as well as on the presence of old currency that will be implemented over ten years ago, and after two years of the new currency will be available in local markets after the end of the value of old currency." (Finished) Ahmed al-Rubaie