JayLee202

Hell no I say $1.13 to $2.47 but your rate call is feasible too Exactly what I've been saying all along. I don't believe folks have to run out and buy as many Dinars as they can just to break a million if it comes out at .10cents. I truly do not believe Iraq will RV their currency with all the resources they have to be lower than a falling USD. If I was living in Iraq, I would laugh at such a low RV. Why would I turn in my USD for a lowered valued currency even though it's my native currency? Just Sayin

All of you gave great points. I thought I was in trouble, you gotta have balls to post your speculation in DV. The folks hear will eat you alive

Not to debate or knock down any believers of the low rates but If any low rate at all came from any articles I've seen here on DV and other sites was a rate of 1 to 1. I'm staying with my belief of a range of $1.13 to $2.47 (Just my 2cents) just because of Iraq's pride of never thinking small. This is amongst the wealthiest countries in the world and they would care less what outsiders make off the RV. They do not need to come out low and I don't believe they are going to come out low. Asiacell in Iraq is like the Verizon in the US who've already stated two years ago that they are no longer doing dealings with the USD and is now using the IQD and they wouldn't do this for a currency worth lower than an already lowering valued currency like the USD. GE is set to do the electrical work in the country for a currency worth .15cents? In that case, why not do the work and get paid in USD since Iraq is circulating the USD these days? The reason they will not do this is because they also know the IQD will be worth much more than the USD. I know some may not like it and rather settle for .15cents but ask yourself if you would settle to do work for a currency that's worth much much less than your native currency sitting right at your feet.

So sorry to hear. If you were in DC, I may be able to find some sources for you because I'm an elected official here. Stay encouraged and never give up. I just got another $250,000 to come in an hour ago just for worst case scenarios You're quite welcome

Published on Fri, July 27 Never doubts about Central Bank put up the new currency beginning next year. Deputy Central Bank Governor Mohammad Saleh appearance of future news agency reporter today, Friday, that “the study submitted by the Central Bank were virtual is that the new currency is thrown on 1/1/2013, but with changes in the subject and we doubt that this different.” Saleh said that “Finance Committee questioned why not have launch the new currency in half? But after question specialists and experts in the Central Bank and other specialized institutions, scientist, he could not have replaced currency at this time that this is linked with the annual accounts of each institution, and this can never be so it is unreasonable that the annual accounts with two types of currency “. The Central Bank of Iraq was announced (September 29, 2011) to 2013 will see the deletion of zeros and the currency switch, noting that current currency formed block big cash worth 30 trillion dinars. LINK The Central Bank of Iraq was announced (September 29, 2011) to 2013 will see the deletion of zeros and the currency switch, noting that current currency formed block big cash worth 30 trillion dinars. It is definately about that time folks. This ride is just about over. I understand many people say that Ramadan doesn't make a difference but I truly believe we're not going to see anything happen as big as an RV during Ramadan. That would be too much to handle during this holy holiday. After August 18th, we will be heading toward the biggest prize ever. GO RV!

BAGHDAD, July 25 (KUNA) ­­ The Iraqi government said on Wednesday it had agreed to a settlement previously signed by the Iraqi and Kuwaiti ministers of transport and communication on the payment of compensations to Kuwait Airways out of the country’s 2012 and 2013 budgets Spokesman for the Iraqi Government Ali Al­Dabbagh said in a release: “The Iraqi cabinet agreed today (Wednesday) to a friendly settlement signed by the Iraqi minister of transports and the Kuwaiti minister of communications for resolving the problem of Iraqi Airways.” The Iraqi cabinet asked the parliament to allocate USD 300 million out of the 2012 state budget and USD 200 million out of the 2013 state budget, he said The Iraqi government had entrusted its transport minister with negotiating with the Kuwaiti side on a mechanism to pay compensations to Kuwait Airways for damages to the latter’s planes during the Iraqi invasion of Kuwait in 1990 Iraqi and Kuwaiti governments had reached a settlement on the dossier of Kuwait Airways, whereby Kuwait would scrap its legal claims against Iraqi Airways in return for compensations to its national carrier. http://bit.ly/Od4FdP Why are they allocating USD 200 million out of 2013 when 2013 is supposed to be when the new currency surfaces? Can someone help me explain this? Thanks

Yesssss

The member of the Finance Committee Haitham Jubouri on 15 May 2012, that the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012 the direct printing of new currency in different categories. This lets me know that they are finally ready to move on things. This maybe tied to the international conference and exhibition on banking and financial services which takes place Sept. 18th - 19th. We are extremely close folks. Once this RV is done, it cannot be reversed, so let the iron things out so that it is done right when it happens. GO RV!!

Good Morning Dinarians, What do you all think will take place during this Conference? http://www.iraqfinance.co.uk/

:lol:

So as long as there's a contractual agreement on numbers. I can dig that. Thanks!

How you doing TQueezy? So you're saying that if the IQD is worth .10Cents, you wouldn't rather just get paid in USD knowing you will convert the currency from IQD to your native USD Currency? Don't bash now, Just Asking

I was thinking they would need to RV before doing this but if doing the RV and issuing the new currency at the same time works then I'm not complaining

At the same time? Wow! Hey, you could be right.

Correct, but he did say that the new currency is to surface 1/1/2013. In this case, it would make sense to RV months before the new currency which will give the people in Iraq ample time for their exchange in currency getting the USD off the street. What's your thoughts on this?

The Currency we hold will exist for 2 years before actually given back to CBI. But I think the US will hold the currency in the Foriegn Currency Reserve to buy oil instead of using USD.

Posted: July 24, 2012 in Iraqi Dinar/Politics Tags: bank, Central bank, Currency, Deputy Governor, Finance Committee, London, printing, Sinan Al-Shabibi 24.07.2012 0:00 The Central Bank of the subject of printing the currency of the country of sensitive topics and talk about this to be premature, pointing out that “the draft process to delete the zeros is ink on paper so far.” said Deputy Governor of the Bank of the appearance of Mohammed “received numerous requests to the bank Central of dozens of companies competent to print the new currency has to be agreed with any company so far as to approve the deletion of zeros has not yet made, “explaining that” the currency currently in circulation has inherently a British company, and not necessarily that the same company to print the new currency, “denying that “to be signed with any company for printing the new currency.” The Central Bank Governor Sinan Shabibi announced that the Bank chose a British company and the other a German among the many international companies to complete the process of printing the new currency. Shabibi said in a meeting with the Finance Committee House of Representatives that “the central bank chose a British company and the other a German among the many international companies to complete the process of printing the new currency being the Ttavan about 75% of the currencies of countries in the world, “noting that” the central bank has reserves of the currency so as to enable the process to delete the zeros and coverage significantly.” The Information Office of the House of Representatives in a press statement that “the Finance Committee, the parliamentary discussed with Shabibi latest developments reached by the Central Bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process,” explaining that “the meeting discuss the issue of controls adopted in the auction currency and the volume of the money supply.” Shabibi stressed that “the main reason for the process to delete the zeros due to the economic stability experienced by the country and large cash capacity in the Central Bank.” And on the currency auction that “the process is a window to enter the foreign currency and raise the value of the dinar.” Link

Haider Ali Jawad – 24/07/2012 PM – 9:47 | Hits: 86 Denied the Iraqi Central Bank, assigning the task of printing the new currency to a British company, considering that leaks, words “naked for Health.” At a time in which the deputies that work in this project will be at the beginning of next year, indicated that this step will be implemented over two years, and through the 3 stages, pointing out that the currency will contain the 36 factor warranty of fraud, and will be added to the Kurdish language and English, as well as the introduction of paper currency category 200 dinars, as there will be a coin of small denominations, and Stzen new currency symbols reflect the heritage and history of Iraq’s sovereignty and all its components, as well as many other symbols refer to the civilization of Mesopotamia. Furthermore, he drew the legal to the absence of express provision in the law of the Central Bank, gives him authority to change the value of the currency and the abolition of zeros They confirmed the need for Parliament to issue legislation empowers the Central Bank to carry out this procedure. In connection with “the world” on Monday, said the appearance of Mohammed Saleh, deputy central bank governor, said that “Matnaqlth some of the media that he was selected British and German for the printing of new currency after deletion of zeros, words untrue.” Some media reported that the Central Bank Governor Sinan Shabibi, announced the selection of a British company and the other a German for the printing of new currency after deletion of zeros of them, and was selected the two companies among the many international companies to complete the printing, being the Ttavan about 75% of the currencies in the world. In turn, showed Najiba Najib member of the Finance Committee in the House of Representatives that “there will be work in this project at the beginning of next year, but the Cabinet had the face of slow down in implementation, due to the rise of the dollar against Iraqi dinar during the past months, but still talks ongoing and continuous between the Bank Central Council of Ministers, to find out the most important key points, including a report on the accounting system and what it requires when you change the currency, as well as the most important legislation that must accompany this process, including debt, there is a creditor and a debtor in the old currency, what will be doomed after the change of currency, as must deal with these things because they affect the lives of citizens. “ According to Najib, in an interview with “the world”, that “last week, we had a meeting with the Central Bank in this regard, and we looked at models of new currency, and the Central Bank and in coordination with the Finance Committee will take several measures to replace the currency, including the withdrawal of old currency over the two years , and delivered to the banks which in turn will deliver the currency to the Central Bank over the ten years to be destroyed, “indicating that” there is an opinion from the Council of Ministers, recommends the replacement of currency by the beginning of 2014, is that the Finance Committee has proposed, to be in the middle of 2013, to exploit time, we recommended a decision in the first of next July, which was approved on this date, but the cabinet is now studying with the Central Bank key requirements for the accounting system, legislation and matters relating to this regard. “ She explained Najib that “currency will be added to the Kurdish language and English, because the Constitution so provides, as well as the introduction of paper currency category 200 dinars, as there will be a coin of small denominations beside the paper currency, and will be added all the symbols that reflect the heritage, sovereignty and history of Iraq with all its components, and will have a reflection and a presence in the new currency that will be of multiple categories, and many of the symbols used which refers to the civilization of Mesopotamia. “ For his part, MP Haitham Jubouri, a member of the Finance Committee that “the project of changing the currency and delete zeros, the project is of great importance, the significance lies in the purchasing power of the Iraqi dinar, and protection from fraud, manipulation and control of the fake money now in local markets, so blessed this step since its inception by the Central Bank, one of the exclusive powers, as is one of the draws of monetary policy. “ The Jubouri said in an interview with “the world” yesterday that “this step will be implemented over two years through 3 phases, the first stage of printing currency, and the second put a new currency parallel to the currency of the old markets, and the last is the withdrawal of old currency to be replaced by new, and there will be two types of currency raised section of a paper category 200 dinars and 100 dinars and 50 dinars and 25 dinars, and category of mineral dinars and a half dinar and a quarter dinars and 100 fils and 25 fils, and will include different sizes, and quite similar to the size of the dollar and contain fees to the contours of the northern and southern Iraq and east and west and central, and all communities Maldiha, nationalities, and landmarks. “ And take over a British company and a German process of printing the new currency explained that “there are arguments of many different companies, including Turkish and Dnmarkiyh, British, German, and yet we can not say that this company or that will be printed currency because there are presentations of many, but if the final agreement, and has blessing by the House of Representatives and the government, then we will think of the company that will implement, there are offers for different companies and multiple, and provided models and offers at different prices and different sizes and quality of paper is different, as well as the factors of security, The currency current Iraqi of 8 factors to ensure, and the new features an 36 factor ensure, so to speak on the transfer of the project on a particular company is the word very early, “adding that” the Council of Ministers is still fearful of the application of this step, because of the possibilities of using this process for the introduction of counterfeit money or may be the door to money laundering, but these fears have dissipated from through multiple and frequent meetings with the Central Bank of Iraq. “ The Secretariat of the Council of Ministers, called for a patient in the case of deletion of zeros from the currency and change, arguing that the mere thought of the withdrawal of about 40 trillion dinars, storage and destruction needs to be serious consideration of the subject. According to legal expert Tariq Harb, that “some of the texts of the Central Bank Law allow such a thing, and everything related to currency of reference, and despite the fact that all the cash is of its affairs, but there is no express provision in the law of the central bank gives him authority to change the value of the currency and the abolition of zeros, which means the change in value, it is better to issue a law more legitimate parliament and is backed by the central bank to carry out this procedure. “ LINK

Dr. Shabbibi is already pressing his foot on the gas as he wants the new currency 1/1/2013. Just hold tight folks, we're sitting pretty

I love it! He's saying don't quote him on it. Do our own diligence. I'm up for that challenge. See folks, we can't be getting all in our feelings here, especially when we don't even personally know the guy. The guy said the info is out there, go find it for yourselves so there you go. Let's accept the challenge. Change is good when our attitude is GREAT!

Well someone just posted the link supporting their statement Sir. lol And for that matter, everybody has been telling lies because nobody has been right thus far have they? Just asking!

Hey Rocklf9, this makes sense dude. Thank you. I'll have to dig some of this intel up. The Machinnnnnneeee, hey good stuff. I can respect and appreciate your view. Nothing negative came out it at all. This is how it should be. Everyone bringing their sources together to try to make more sense out of this thing. You're right, it's always best to invest on the low end. I just think investors would only be interested in investing in a country that they know will bring them significance instead of where they already are. As far as what you do in terms of contracts in different currencies, I wouldn't dare to debate with you there lol I've never done what you're doing lol. Thanks for your input though, it is something I can take in and study as well. Very valuable Sir

I agree! I don't know where people are getting this 1 to 1 stuff from, but if that's the vibration they want to put out into the universe, they can go right ahead. But on the other hand, I've said this many times before, you have GE and other major companies ready to do electrical work and other infrastructural work in Iraq once the currency RVs. If the currency is going to RV at 1 to 1 then they might as well be paid in USD. They are waiting for a reason and it is not for a .86 or a $1.00 RV. How attractive is that for outside investors which is what Iraq wants? Not just investors for the currency but real-estate and paper assets too. I know there are some articles out there saying 1 to 1 but come on now, many of these articles are purposely throwing people off and they're doing it for a reason. Also, look up Asiacell (Who is the largest telecommunications company in Iraq). Asiacell to Iraq would be like Verizon to us. Asiacell already said 2 years ago that they are going to start using the IQD for all their dealings and leave the USD alone, here's the fact to back up my statement http://www.zawya.com/story/ZAWYA20100328142022/ They also just recently went IPO at 1 IQD per value, here's my fact on that http://www.iraq-businessnews.com/2011/09/20/asiacell-goes-for-smallest-ipo-record/ So tell me people. Will all of this be done for the country's currency for a $1.00 or under? You have to look between the lines of these articles and use some comon sense and a little faith because nobody including me actually knows except those who are going to push the RV button but take a look at other things going on over there with companies and businesses and how they're utilizing their transactions. I know someone will want to bash me or debate me on this and that's fine but guess what? This is my story and I'm sticking to it.

Good Job buddy, I hope you're right because I'll be down in Florida too

I understand Sir, and I'm with you on the process though. But every country is different but we'll have to just wait it out and see. And if you're right, I'll be the first to brag about you Sir