kaperoni

I reviewed a previous document also on the IMF site and it has a similar quote. The one differnece is in fact that it say 2012 is the year when there is a surplus. So IMO there is a type o in the document released today. Feb 4th doc... "In 2010 and 2011, the funds from the IMF will be used to support Iraq’s budget and to help pay for imports. Current government spending will be contained over the next two years in order to make room for higher investment and gradually reduce the deficit, and Iraq is expected to begin running a surplus again in 2010, the IMF said." Feb 1st doc... "Iraq’s longer-term economic outlook is strong as oil prices and production are projected to increase markedly in the coming years. However, based on conservative oil price assumptions, the external current account and the overall balance of payments are expected to remain in deficit in 2010 and 2011. Similarly, Iraq’s fiscal position is projected to record significant, albeit declining deficits in both years, before returning to a surplus position in 2012. "

"In 2010 and 2011, the funds from the IMF will be used to support Iraq’s budget and to help pay for imports. Current government spending will be contained over the next two years in order to make room for higher investment and gradually reduce the deficit, and Iraq is expected to begin running a surplus again in 2010, the IMF said." That part is exciting to read. hard to imagine how they could go from a deficit to a surplus in the same year without a rv!

OK....lets all sell and quit this now. lol

They are spreading rumors...i heard this stuff a day ago on the street from a contact. big smoke and mirrors

Three thoughts on this....it totally contradicts the introductions of smaller bills as already stated. Also, where is the draw of large bills from this activity? And lastly, how does this get them on the international market? IMO, more bogus intel and the RV must be much higher. That being said, I also am hearing rumors of a smaller RV through "boots on the ground" sources so obviously, this is a grand "counter" campaign going on to stop the excitement.

8 more days til i win the bet! lol

and if so the leak a few weeks back regarding the power plant holds true. Lets hope all this comes true.

My information tells me that the loan is real and short term. They are not ready to RV yet and this will cover them till ready. Look for a summer RV peeps. No sooner...sorry. June 1 this may be over.

Like in the comercial...can we just drop a giant paint ball on Medic and his bs?

Sonny1, they got an IMF loan back in 2006 i think and paid it off in 2008. So apparently the dinar meets this criteria.

Big ears is pulling the plug before we get our rv. How stupid is he? I would not leave until the rv was done and the confusion was settled. To me, it would have been a condition... show us you can function by getting back to pre war levels...including your currency and then we leave. We are leaving Iraq and getting nothing in return. Just fine and men and women who were lost.

But when Sonny1, when? They are getting IMF loans as we speak rather than do this RV. As I see it, we wont see this happen till summer at the soonest.

No rv till summer...they borrowing money until then.

They also say this... An Iraqi cabinet committee ordered the change in 2007, but the central bank did not think it appropriate until recently, Kasim said. The dinar's value will remain unchanged, he said. Which to me means a 25k note will remain valued at 25k.

I wanted to post my results from today's investigative work. The IMF back in 2008 had a SBA (Stand by Agreement) with Iraq. Part of this as most of you know is a "on demand" loan. Iraq currently has no loan with the IMF and has a meeting tomorrow Wed to update the SBA. The SBA is in essence the monetary policy that Iraq follows in order to get out from under the UN guidance. There are some key items to note from the older SBA document pertaining to Iraq's debt. The three steps of getting most of the debt reduced requires Iraq to follow the SBA. And if so, then much of the debt has been negotiated to go away, what remains will be paid in 2011. to keep it short...here are a few quotes from the 2008 SBA... "...rescheduled debt to Paris Club creditors start in 2011" "Even with only a projected gradual expansion of oil output, Iraq should be in a position to meet its obligations to the Fund." "Based on the Paris Club agreement in 2004, the repayment of the remaining debt stock would start in 2011; the interest payments accrued during 2005