Double R

Let me ask you all something. If they were simply going to LOP (a made up word by the way), why not just do it? Why would there be any considerations for any ill effects of doing this? Since it's a neutral event, why have they been waiting at least 4 years to pull the trigger??

I'd like someone to comment on the great research Scooter has put together.

Read Scooter's latest budget analysis. I think if they really intend to fix the problem, they need to bring the Dinar to a value above the dollar. It's clear, they can and they should.

Finance parliamentary meeting held on Sunday described the PAL [capacitor] Bhoudormmthlee Central Bank to remedy the decline in the dinar Revealed the parliamentary finance committee member Najiba Najib's intention to convene a meeting of the Committee and described as "intense" on Sunday attended by representatives of the Iraqi Central Bank to remedy the height of the financial crisis of the value of the dollar against the dinar. Said Najib told all of Iraq [where] the day, that "the Commission is seeking a meeting tomorrow to find out the reasons for the imbalance that led to the increase of the value of the dollar against the dinar," indicating that "the central bank is required to provide the main points of a bug that affected the economic reality of Iraq is a negative recently. " The controversy was raised about the causes of decline in value of the dinar and the high value of the dollar in the last period, and carried some of the parties, the central bank responsible for fall of the Iraqi currency due to the fact that the central bank is preparing the Iraqi market, local, including needs of the dollar, which means that the issue of height of the dinar and the decline will depend on what posed of the dollar, while the Iraqi Central Bank attributed the reasons for the low exchange rate of the Iraqi dinar against the U.S. dollar in local markets, to the high demand for it greatly, saying in a statement that the rise bubble will disappear gradually. Observers believe that the reason for the high price of the dollar due to the economic sanctions imposed on the two neighboring countries of Iraq, Iran and Syria, which led to the popularity of buying dollars from the Iraqi market has increased the dollar exchange rate of 1166 dinars according to central bank rate of 1300 dinars in the market. http://www.alliraqnews.com/index.php?option=com_content&view=article&id=27567:2012-02-12-11-13-34&catid=39:2011-04-08-17-26-45&Itemid=58

Well I don't know about this month. Sounds like the CBI was ready to move on the project and the parliament was ready to slow things up. All kind of confusing.

Central Bank reveals a reservation on the draft Iraqi Finance raise zeros ... Saturday, April 21, 2012 Central Bank reveals a reservation on the draft Iraqi Finance raise zeros Detect the Iraqi Central Bank, on Saturday, on the reservation and the Ministry of Finance of the implementation of the project to delete the zeros of the Iraqi currency, calling on the executive and legislative bodies and all concerned to cooperate with him to accomplish this. The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview with "The Ministry of Finance expressed its opinion on the draft raise zeros from the Iraqi currency and had a reservation of this Order," explaining that "the ministry conservative of the timing of the start of the project because all the accounts of the budget will be recorded in accordance with the new currency. " And the favor of that "implementation of the project must be cooperation between the central bank and power legislative, executive and all concerned in this matter," pointing out that "the calculation will be Zleh will not face any difficulty with the deletion of zeros only require some technical measures such as changing computer hardware." Salih stressed that the currency in its present form does not serve the requirements of progress and development in the economic side, the fact that the three zeros in each of which represents a decade of conflicts, wars and economic decline in the country. " The Cabinet decided, in the middle of this month, be patient in the application of the deletion of zeros from the national currency. The Central Bank of Iraq began to modify the search categories dinar, last year, and is still a large part of the payments being in cash due to the evolution of the banking system. http://translate.google.com/translate?hl=en&ie=UTF8&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://shafaaq.com/sh2/news/economy-news/39828-2012-04-21-08-25-27.html

Well beings that Iran recently had their swift codes disabled-not sure how anyone in that country would benefit from an RV.

The latest KPMG audit from earlier this year showed a little over $40 billion. Scooter's reseach said they had like $89 billion in US treasuries alone. Not hard to imagine-the thing has been up for 10 years accumulating $ from oil sales.

Remember, in July of last year the Iraqis got $250 billion out of the DFI fund. I am not sure anyone knows exactly how much money is in that thing.

Need someone to help interpret this. This part is interesting...and there is also a $ 52 billion, money belonging to the Central Bank placed in banks U.S. cover of the Iraqi currency is not subject to the decisions of the freeze.

If you're trying to de-dollarize, it wouldn't make much sense to raise your currency value to .10, .35 etc.

Deputy calls on the Government to intervene to Preserve the Value of the Dinar and calls on all sides to the Iraqi dinar exchange rate to normal" ... 09/4/2012 Deputy calls on the Government to intervene to preserve the value of the dinar Baghdad/Bushra Al-shammari Invited Member of the House of representatives of the parliamentary Economic Committee member on the Kurdistan Alliance Government to create mohama Khalil environment suitable for attracting venture capital funds and investment promotion, which calls on all sides to the Iraqi dinar exchange rate to normal. Khalil said at a press conference at the Parliament building “necessary Central Bank policy towards maintaining the exchange rate of the Iraqi dinar against the dollar, demanding rapid intervention stakeholders to discuss this issue”. That continued dollar equals 1166 dinars plus 13 Apr dinars became dollar 1179 dinars and there is impaired minds are make this dinar value which affects the income of the citizen. http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.almustakbalpaper.net%2FArticleShow.aspx%3FID%3D20245

I'll buy your Dinar from you at 1150.

Again, IMO you can't separate faith in God and this investment. Therefore, it would be pretty simple to fall into ideas of lopsters and negative people if you don't believe this is all part of a bigger picture in the plan God has for you. And who doesn't have faith? That would be called an atheist. I wake up every day and know I'm where I'm supposed to be because it's the plan God has laid out for me. So I don't question articles that come out that other people interpret as negative. I might question why someone with a negative outlook would be involved in this in the first place-that part always puzzles me.

My point is that I have my own personal reasons for being in this investment. When I was first introduced to this opportunity it took me a while before the proverbial light went on and I recognized the opportunity and the path that God has placed in front of me. After that it was easy to avoid the roller coaster ups and downs and the negative naysayers. Bottom line is that my faith in this investment is as strong as my belief that when I die someday, I'll go to be with God in heaven. Nobody is ever going to change that belief. Just as nobody is going to change my belief that soon God will bless those fortunate enough to have had the opportunity to partake in this investment. God and what he will soon give us are inseparable. So, no matter what a lopster tries to put forth here, my blessing is safe and secure and isn't going anywhere. Psalm 37 Do not fret because of those who are evil or be envious of those who do wrong; 2 for like the grass they will soon wither, like green plants they will soon die away. 3 Trust in the LORD and do good; dwell in the land and enjoy safe pasture. 4 Take delight in the LORD, and he will give you the desires of your heart. 5 Commit your way to the LORD; trust in him and he will do this: 6 He will make your righteous reward shine like the dawn, your vindication like the noonday sun. 7 Be still before the LORD and wait patiently for him; do not fret when people succeed in their ways, when they carry out their wicked schemes.

You know what will really piss the lopsters off? By me stating that my faith in this investment flows through GOD. I get the feeling that the same people that believe this can't or won't happen, that continuously troll these forums trying to save us from ourselves, would have the same mindset that many atheists have as well. God is great and he'll bless me and many others soon. It's a fated and destined event in my life and I've known it for many years. To GOD be the glory.

Seriously?? Since the two currencies will co-exist, how much are you going to be able to buy with a 1/4 coin, as they've stated they're likely going to use?

Iraq is to delete the zeros of the Danarh and raise its value against the dollar الأحد, 25 مارس 2012 Sunday, March 25, 2012 بغداد - نصير الحسون BAGHDAD - Naseer Goldfinch أكدت مصادر رسمية في المصرف المركزي العراقي أن مشروع حذف الأصفار الثلاثة من الدينار العراقي بدأ فعلياً، وأن العملية ستكلف الموازنة 172 بليون دينار (150 مليون دولار). Official sources in the Iraqi Central Bank to the project to delete three zeros from the Iraqi dinar actually began, and that the process will cost the budget 172 billion dinars (150 million dollars). وأوضحت أن موازنة العام المقبل ستكون بالدينار الجديد الذي سيعمل المركزي على رفع قيمته تدريجاً أمام الدولار وصولاً إلى سعر متساو، أي دينار لكل دولار. She explained that the budget next year will be the new dinar, which will serve the Central Bank to gradually raise its value against the dollar and equal access to price, any dinars per dollar. وأظهرت وثائق رسمية خاصة باستبدال الدينار حصلت عليها «الحياة» أن الطبعة الجديدة ستصدر بثلاث لغات، العربية والكردية والانكليزية، فيما ستكلف عملية الطباعة التي ستحال إلى واحدة من أربع شركات عالمية متخصصة، 150 مليون دولار تشمل الطبع والنقل والتأمين والعمل خارج أوقات الدوام الرسمي لإتلاف العملة القديمة داخل «المركزي». Showed official documents private replace the dinar obtained by the «life» that the new edition will be issued in three languages, Arabic, Kurdish and English, as will cost the printing process, which will be forwarded to one of four international companies specialized $ 150 million, including printing, transportation, insurance, and work outside of office hours for the destruction of the currency old within the «central». وكان الأخير اشرف على تنفيذ قرار صدر عن الحاكم المدني الأميركي السابق بول بريمر قضى باستبدال العملة الصادرة إبان نظام الرئيس السابق صدام حسين بأخرى جديدة، واستغرقت العملية ثلاثة أشهر لاستبدال العملة الجديدة وسحب القديمة من السوق. The latter oversaw the implementation of the decision issued by the former U.S. civil administrator Paul Bremer spent a replacement currency issued during the regime of former President Saddam Hussein with new ones, and the process took three months for the new currency to replace the old and the withdrawal from the market. وأكد نائب محافظ «المركزي» مظهر محمد صالح أن دراسة لطبع سلسلة جديدة من العملات بدأت منذ العام 2005، حين بدأت مراسلات مع لجنة الشؤون الاقتصادية في الحكومة عام 2007 حول فكرة حذف الأصفار الثلاثة من العملة. The Deputy Governor of the «central» the appearance of Mohammed Saleh to study for the printing of a new series of coins started since 2005, when he began correspondence with the Committee on Economic Affairs in the government in 2007 around the idea of ​​deleting three zeros from the currency. وأشار إلى أن البنك باشر طباعة عملة جديدة تتصف بأنها ستكون وفق أفضل المواصفات الأمنية عالمياً وستضمّن خصائص جمالية وفنية ومعالم وطنية. He pointed out that the bank began printing new currency that it will be characterized according to the best standards worldwide and will ensure the security properties of aesthetic, artistic and national benchmarks. وشدّد على أن إحدى أهم الايجابيات ستتمثل في خفض الحجم من 30 تريليون دينار الى 30 بليوناً، كما ستكون العملة غير قابلة للتزوير وتعزّز ثقة المتعاملين بها وترفع قيمتها تجاه العملات الأخرى، إضافة إلى خفض القيمة الرقمية للمعاملات المالية والمحاسبية. He stressed that one of the most pros would be to reduce the size of 30 trillion dinars to 30 billion, the currency will also be tamper-proof and enhance the confidence of their customers and increase its value against other currencies, in addition to lowering the numerical value of financial transactions and accounting. وأشار إلى أن عملية الاستبدال لن تكون سريعة كما في عام 2003، بل ستتم تدريجاً لمنع أي تذبذب في قيمة العملة، ويمكن أن تستمر سنتين وتبقى العملة القديمة مقبولة خلال هذه الفترة والجديدة أيضاً إلى حين سحب القديمة عبر البنوك. He pointed out that the replacement process will not be as quick as in 2003, but will be gradually to prevent any fluctuation in the value of the currency, and can last two years and keep the old currency accepted during this period and also new to the old while pulling through banks. وأكدت عضو اللجنة الاقتصادية البرلمانية نورة البجاري أن استبدال العملة يتطلب موافقة البرلمان، وهذا المشروع لا يخلو من مشكلات لكنها ستكون اقل من التي رافقت عملية الاستبدال عام 2003، كما أن مدة الاستبدال ستكون طويلة وتسمح بفحص القديم قبل إتلافه. And confirmed member of the parliamentary economic committee that Nora Albjara currency exchange requires the approval of Parliament, and this project is not without its problems but it will be less than that accompanied the replacement process in 2003, and the replacement will be long term and allow for examination before the old destroyed. وبيّنت أن بعض أعضاء البرلمان اقترح أن تكون الرسوم على العملة الجديدة ذات طابع إسلامي، لكن ذلك قوبل باعتراضات على اعتبار أن العراق متعدّد الأديان والقوميات والطوائف. It showed that some members of Parliament suggested that the fees on the new currency with an Islamic character, but that was met with objections on the grounds that Iraq's multi-religious and ethnic groups and sects. أما المشكلة الأخرى فتتمثل في مرحلة ما قبل الاستبدال، اي بموازنة الدولة وأسعار الأسهم، ما يستلزم إصدار عملات من الفئة الصغيرة لتلافي المشاكل. The other problem is represented in the pre-substitution, ie, the state budget and stock prices, which requires the issuance of coins of small group to avoid problems. وأصدر العراق أول عملة وطنية منتصف عام 1921 في عهد فيصل ابن الشريف حسين وسُميّت الفلس، وأبصر أول دينار عراقي النور عام 1932 وحمل صورة الملك فيصل الأول، وعام 1947 تم تأسيس المصرف الوطني العراقي ليتبنى موضوع طبع العملة. Iraq and issued the first national currency mid-1921 in Prince Faisal Ibn Al Hussein and called the penny, and first saw the light of Iraqi dinars in 1932 and carried a picture of King Faisal I, was established in 1947, the National Bank of Iraq to adopt the subject of printing the currency. ولم يتغير شكل العملة حتى قيام الجمهورية العراقية عام 1958، ليُغيّر لاحقاً بعد تولي حزب البعث السلطة عام 1968. Did not change the form of currency until the establishment of the Republic of Iraq in 1958, to change later, after the Baath Party took power in 1968. واختفت العملة الأصلية بعد عام 1990 وظهرت عملة تُطبع محلياً في مطابع الصحف وكانت هزيلة وفاقدة للضوابط المعمول بها عالمياً، وبعد الحصار استمر تراجع سعر صرف الدينار أمام الدولار حتى وصل عام 1995 إلى 3000 دينار للدولار، ما أنتج أطناناً من العملة المطبوعة محلياً. And disappeared original currency after 1990 and appeared currency printed locally in the presses of newspapers and the poor and devoid of controls in place globally, after the siege continued decline in the exchange rate of the dinar against the dollar until he arrived in 1995 to 3000 dinars to the dollar, which has produced tons of currency printed locally.

I'm so sick of these idiot lopsters that don't have a clue as to what they're talking about. If you're so concerned with a "LOP" which is a fictional word, then open up a damn Warka account and put your dinar in electronic form so it can't be "lopped." This country has stated numerous times they intend to raise the value when they "remove the zeroes." Can you moron lopsters imagine the civil war they'd start between the Iraqi people when one neighbor who put his money in the bank gained millions in wealth and the other who kept cash got bent over? Just use some common sense.

Seff-please make an argument against Scooter's research. That's right you can't troll. Why are you here??

Posting through Mrs Blaino at J4Dinar: Mrs_Blaino : Just FYI, Okie was on a circuit maintaining "mud pumps" at 6 oil wells fairly close to his home yesterday from noon to 6PM so the 6 crews could go home and have a Christmas with their families. Okie drove the circuit for 6 hours, actually found a huge problem at one well. Okie is having his family over today for his Chrristmas. The site was down till late last night...how was he to update? He gave up his Christmas day so others could have it with their families...now he is having his Christmas Day. Blaino & I were just on the phone with him & he asked that we post for those who might wonder why he hasn't been on chat. Mrs_Blaino : Blaino says that there is a high percentage window between now & 1a.m. cst because of the CBI situation (old date, old rate). This was the nature of the discussion with Okie minutes ago. Shortly it will be 6a.m. Baghdad which is still ahead of their business day. CBI should update 10a.m. Baghdad, 1a.m. cst (4 hours away). Any thoughts to add???

Sounds mighty familiar.

Sorry-something wrong with linking to the posts which are archived at J4Dinar. The images below should work. http://i894.photobucket.com/albums/ac145/Becca_Scholarship/Dinar%20News/PARTONE--THEPROBLEMS.png http://i894.photobucket.com/albums/ac145/Becca_Scholarship/Dinar%20News/PARTTWO-INFLATIONandCPI.png http://i894.photobucket.com/albums/ac145/Becca_Scholarship/Dinar%20News/TheIntervention-PARTNERS1.png And Scooter Conclusion: http://i894.photobucket.com/albums/ac145/Becca_Scholarship/Dinar%20News/IMFArticleIV--IRAQPINMarch2010.png And Scooter Conclusion: http://i894.photobucket.com/albums/ac145/Becca_Scholarship/Dinar%20News/IMFArticleIV--IRAQPINMarch2010.png

Scooter did a brilliant three part analysis a few months ago that will help you out (probably have to register at J4D if you're not already). If you like economics and truly want to be a master of the investment, the links below are for you. Part 1 Part 2 Part 3

I think if there's one positive that will come out of this latest round of disappointment is that people will start to look for only tangible evidence and documentation that support our position. No more anonymous BS bank stories. No more celebrating in the street stories. No more inside contacts at the CBI stories. No more small denom stories without proof. Scooter probably does the best job of this out of everyone and he has stated the Paris Club and need to RV before the end of the year long ago because otherwise Iraq would be forfeiting billions of $. But then again, Iraq is a caveman society and these people are neanderthals with their thinking and logic. I'm sure several hundred billion doesn't mean much to them.