jla956

I just received this update. Can anyone verify whether or not this is true?

Please Verify me. Thanks

I wonder why they can't work to appreciate the value of the IQD? It sure seems that it would be in the best interest of the US since they hold so many Iraqi Dinars and so does their citizens. Seems like it would go a long way in solving the current US economic crisis. Since they can take steps to work on China's currency one would think that they could do the same with Iraq's. There must be some reason that they don't want the IQD to RV right now - it's almost like our government wants our country's finances to go down the drain...

The Mods are posting on this thread - why would they want to delete it? Quit watching it if you don't like it.

Same here, I renewed my VIP membership but now I can't access VIP. I can still access OSI though. Sent in an email yesterday but still nothing. Thanks in advance for someone getting me some help on this.

I agree Adam but, I wonder if there is not some way that we could take the number of Dinar Trade's documented dinar sales in Arkansas and extrapolate out what the "projected" dinar sales might be in all of the US? You might be able to come up with a number for Dinar Trade, and then figure in the rest of the major dinar sellers and then add in the banks. I would guess it would be in the 10s of billions of not hundreds of billions of dinar. And these figures documented by the State of Arkansas only go back a few years. If you figured in all sales prior to that, along with any dinar brought back into the country by our troops and contractors - wow! Perhaps the same exercise might be done to determine an approximate number of dinar holders in the US?

another site 9 April 2011 This week has been a good week. The Iraqi Parliament has begun collecting their 100 million Iraqi dinar loans, this also comes at the same time Parliament employees protest the reduction of salaries. The Ministry of Defense position still remains vacant. A total of six names have been sent to Prime Minister Maliki with the hopes of having and selecting one qualified candidate. We can only hope that this will be accomplished very soon. The Iraqi Parliament recently held its 50th session. The Deputy Prime Minister for energy affairs and the minister of electricity were in attendance. Both faced with many questions, mostly in regards to why many tasks have yet to be accomplished as well as where the funding is going. Good questions! The recent final report from the Parliaments Integrity Committee has been released and it described quote: "The Oil Ministry as the most corrupt". Of course, the Oil Ministry denies the report. Who wants to have that title?! But all too true. The Central Bank of Iraq recently held a meeting at the Baghdad University in regards to the dropping of the three zero's from the Iraqi dinar currency. I was an attendee at this meeting and can say that the meeting went fairly well. It appeared to me that some progress was being made as various economists discussed the different aspects of removing those zero's off the notes. More of that discussion will be disclosed at a later date as as they get closer to having definite decisions being made. I don't want to throw out all those options discussed just yet as nothing was set in stone. The Central Bank of Iraq stated that they will soon be opening up more currency exchange markets. I recently noticed that a circulating Al-Warka Bank article caused quite a stir. Made a lot of people wonder what was going on with the Al-Warka Bank. The headline in the Iraq Business News web site stated AsiaCell mobile company filing a lawsuit against Al-Warka Bank. Here's the facts; AsiaCell deposited 25 million dollars inside Al-Warka Bank and now wants the money returned and the bank is refusing to do so. The reason the law suit was brought forth begins like this; a few months back, Asiacell advised its customers that it would not be able to connect to anyone outside the Asiacell network and would need to piggyback with other networks. But, here's the deal, when a mobile company is using each other's networks there are usage fee's involved and Asiacell has not paying their fee's to the company Zain (whom's network they were using) when Asiacell customers were calling Zain customers. The reason they were unable to provide payment to Zain and others is due to Al-Warka Bank refusing to return the funds they hold rightfully belonging to AsiaCell. No money, can't pay bills. Currently, Al-Warka Bank cannot leverage anything and is unable to make any loans. It is possible they are in bankruptcy like many other private Iraqi banks. The bank is having a difficult time of returning customers deposits even in the smallest amounts. Iraq's private banking remains fragile, as I've previously mentioned. Unfortunately, they are not as strong as they government would like them to be. The Iraqi government is aware of the problems & downfalls of the private banks however, can not engage them because it would create havoc on the local economy. In the future, the GOI plans to take corrective actions against those banks that have fallen outside the Central Bank of Iraq banking regulations. Several private banks have over extended themselves by as much as 20-25% and are basically real estate bank brokers. Interesting fact, more loans are being underwritten by banks from Lebanon than any other bank in Iraq. There is an important reason for this that I'll explain in an upcoming newsletter. The ration card, ah yes, an ongoing topic. The items associated still have yet to be distributed and it doesn't look like it will not be anytime soon. The problem here is, the government warehouses are empty. I see nothing to be distributed! When that's not the case it's that rotten and expired food fill the warehouses. The result being that the GOI does not have the best logistics when it comes to a timely distribution and re-supply of those items. The GOI just recently announced they bought one shipload of wheat to feed approximately 4 million people. For those that weren't aware, the ration card is not to be brought to a market, it is to be brought to the GOI approved distribution centers located in around Iraq. The Development Fund for Iraq is on track for the new mechanism, will still have that name change and continue to remain in the New York Federal Reserve. The GOI has made the decision to continue to protect the funds against all liens and creditors. On a different note. Yes, it has been well over a month since my last email newsletter. I have had several dozens of emails asking me for various updates on many topics. Unfortunately, I have been busier than usual with the daily happenings and meetings here in Baghdad and the surrounding areas. The latest dealings being the protests, which I might add were uneventful and were surprisingly contained. In the upcoming weeks I'm hoping to have some free time that will allow me to pick up the publication a little more frequently. another site brings you a different prospective on the issues/happenings of Iraq and doesn't charge you to be apart of his special club/association. My information is free to the public and has been for well over six years.

You are right about that. After the call on the other site last night with the US Senator saying (guaranteeing) that the RV will happen this weekend - I bet the reserve orders will be "off the chart" today.

Woo hoo! Hopefully it's time to start cashing in tomorrow. If they are already allowing it in Iraq we can't be far behind - especially if it's on a US military base. Perhaps it will be on the Forex in a few hours. Great info - fixing to call my friends and give them the heads up to get their Dinar ready for cash in tomorrow!!

I understand from two recent articles that the 3rd reading of the budget was approved today.

Thanks - let us know what you can find out.

Show me the money I mean link so that I can watch it. Thanks!

I just received an email that contained the following chat conversation between two of our members: mailboxmoney - could you please provide some more details regarding Article 40 along with how the government has now been directed to RV? What exactly did they say other than calling for Shabibi to take action? Thank goodness you were able to watch the English translation of this. I guess we now have to determine what exactly "immediate" means to the Iraqi government - is that tomorrow, this week, prior to January 1st, or what? Thanks for bringing this to our attention - a great find on your part!

I received this email a few minutes ago that referenced Article 40 being approved by Parliament which directs Shabibi to immediately RV the currency. Can anyone provide more information about this Article 40? Dec 21 7:58 AM [mailboxmoney] Dame - it was a live video feed from the Iraqi parliament - translated into English- The entire platform that Maliki presented was voted on and ratified. . . including Article 40 - a call for immediate revaluation of currency. We have a GOVERNMENT and a call for SHABIBI to TAKE ACTION NOW!

for the RV?