SolonDinar

Three Indicted for $23m Dinar Fraud Posted on 01 January 2014. Tags: Corruption, dinar, IQD, iraqi dinar, re-denomination, re-valuation, Redenomination, revaluation A federal grand indicted three men from the Toledo area for their roles in the operation of a $23 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, and Kathy Enstrom, Special Agent in Charge, IRS-Criminal Investigation, Cincinnati field office. Those indicted are: Bradford L. Huebner, 66, of Ottawa Hills, Ohio; Charles N. Emmenecker, 66, of Sylvania, Ohio, and Michael L. Teadt, 67, of Maumee, Ohio. Rudolph M. Coenen, age 47, of Jacksonville, Florida, has already pleaded guilty to crimes related to his role in the conspiracy. The men are charged with conspiracy to commit wire fraud and wire fraud. Huebner is also charged with multiple counts of money laundering, structuring and willful failure to file currency and transaction reports. As a result of the defendants’ conduct, investors lost about $23.8 million from dinar sales and more than $700,000 from the sale of non-existent hedge fund “seats” and “placements,” according to the indictment. “These defendants made false statements time and again to convince people to part with their savings and hard-earned cash,” Dettelbach said. “The fact that they falsely claimed one member of the conspiracy was wounded while fighting in Iraq is particularly egregious.” “Illegal activity involving the investment industry has brought financial ruin to many Americans,” Enstrom said. “IRS Criminal Investigation is committed to unraveling complex investment schemes to ensure that the promoters of these schemes do not use the financial-services industry for personal gain.” The indictment charges that beginning about August 2010, Huebner, Coenen, Emmenecker and Teadt conspired to operate “BH Group” in Toledo and “Bayshore Capital Investments” in Jacksonville in order to defraud investors through investments in the Iraqi dinar currency and two non-existent hedge funds. The conspirators promoted the dinar and non-existent hedge funds through the dissemination of a series of material falsehoods conveyed primarily through weekly interstate conference calls and through the conspirators’ web site, according to the indictment. False claims included statements about the U.S. Treasury Department’s holdings of dinar and involvement in the Iraqi dinar investment market, according to the indictment. Additional material false statements made by all the defendants include, but are not limited to, portrayal of Coenen as a former vice president at JP Morgan Chase and a former Marine who was awarded the Purple Heart after being wounded in Iraq during Operation Desert Storm. Coenen worked for JP Morgan Chase for one day as an account executive/loan officer. He never served in the first Gulf War, was never wounded in combat and never received a Purple Heart, according to the indictment. If convicted, the defendants’ sentence will be determined by the court after a review of factors unique to this case, including the defendants’ prior criminal record, if any, the defendants’ roles in the offense and the characteristics of the violation. The sentence will not exceed the statutory maximum and in most cases will be less than the maximum. This case is being handled by Assistant United States Attorneys Gene Crawford and Matthew W. Shepherd following an investigation by the Internal Revenue Service – Criminal Investigation. An indictment is only a charge and is not evidence of guilty. The defendants are entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt. (Source: US Department of Justice)

Ok...Now......When President Obama comes on and makes his speech...........Are Iraqi people going to be up or will this be a pre-recorded annocnment by Iraq.....LOL.....The Bull is getting real bad.

What is Isra and Lailat al Miraj? This is the rock from which the prophet Mohammed (PBUH)ascended to heaven, in Al-Isra and Miraj in 620 along with the angel Gabriel This rock is at Al-Quds (Jerusalem). Isra and Mi’raj Summary: MIn Islamic tradition, the Isra and Mi’raj are the two parts of a journey that Muhammad took in one night, in 621 AD (1 BH). Many Muslims consider it a physical journey but some Islamic scholars consider it a dream. A brief sketch of the story is in verses 1 and 60 of one of the Qur’an chapters (#17: sura al isra), and other details were filled in from the supplemental writings, the hadith. The Isra begins with Muhammad resting in the Kaaba in Mecca, when the archangel Gabriel comes to him, and brings him the winged steed Buraq, who carries Muhammad to the “farthest mosque”. The location of this mosque was not explicitly stated in the Qur’an, but is traditionally considered to be the Noble Sanctuary (Temple Mount) in Jerusalem. There, Muhammad alights, tethers Buraq, and leads other prophets in prayer. He then gets back on Buraq, and in the second part of the journey, the Mi’raj, is taken to the heavens, where he tours the circles of heaven, and speaks with the earlier prophets, and with Allah. Allah tells him to enjoin the Muslims to pray fifty times a day; however, Moses tells Muhammad that they would never do it, and urges Muhammad to go back several times and ask for a reduction, until finally it is reduced to five times a day. After Muhammad returned to Earth and tells his story in Mecca, the unbelieving townspeople regard it as absurd. Some go to Muhammad’s companion Abu Bakr and tell him, “Look at what your companion is saying. He says he went to Jerusalem and came back in one night.” Abu Bakr in reply, tells them, “If he said that, then he is truthful. I believe him concerning the news of the heavens — that an angel descends to him from the heavens. How could I not believe he went to Jerusalem and came back in a short period of time — when these are on earth?” It was for this that Abu Bakr is said to have received his famous title “Us-Siddiq”, The Truthful. The story is celebrated each year via a festival primarily for children, the Lailat al Miraj. Muslims bring their children to the mosques, where the children are told the story, allowed to pray with the adults, and then afterwards food and treats are served. Type of journey: Many Muslims believe that the Isra and Mi’raj describe a physical journey of Muhammad, but some Islamic scholars consider it as a dream. Ibn Ishaq, author of the first biography of Muhammad, says it was the latter. He has a tradition from Aisha that only Muhammad’s spirit had journeyed to “the distant place of prayer”, although later material written by Al-Tabari and Ibn Kathir differ in this opinion. Some argue that the journey was a type of metaphor — a mode of revelation for Muhammad in symbolic form, for the guidance of the Muslim nation. The event could be interpreted as foretelling Muslims that God would now raise Muslims up as a superpower, and Jerusalem would soon fall into their hands. This did happen within less than three decades of this event. Other hadith material suggests that it was a physical journey and it is argued that this event wouldn’t be a “trial” for believers if it were a dream. The Masjid al-Aqsa, the Farthest Mosque: Though at the time of the Isra and Mi’raj, there was no mosque in that location, the term “the farthest Mosque” in verse (17:1) of the Qur’an is traditionally interpreted by Muslims as referring to the site at the Noble Sanctuary (Temple Mount) in Jerusalem. This interpretation is agreed with by even the earliest biographer of Muhammad — Ibn Ishaq — and is supported by numerous Hadith. The term used for mosque,”masjid”, literally means “place of prostration”, and includes monotheistic places of worship such as Solomon’s Temple, which in verse 17:7 (in the same sura) is described as a masjid. Some Muslim scholars argue that “the farthest mosque” referred to in the Qur’an actually points to the Temple of Solomon. Many Western historians, such as Heribert Busse and Neal Robinson, agree that Jerusalem is the originally intended interpretation. However, some disagree, arguing that at the time this verse of the Qur’an was recited (around the year 621, unless one follows Wansbrough) many Muslims understood the phrase “farthest mosque” as a poetic phrase for a mosque already known to them, a mosque in Heaven, or as a metaphor. For the following reasons, they find it unlikely that this verse referred to a location in Palestine: But it is also true that initially Muslims used to pray while facing towards “bait-ul-muqadas” or the Temple Mount or the holy land. Later on this direction, the Qibla, was changed to Mecca. So it would be wrong to say that in that period Muslims had no connection with Palestine. The modern Al Aqsa mosque, built after Muhammad’s lifetime The modern Al Aqsa mosque, built after Muhammad’s lifetime Critics also point out that at the time of Muhammad’s vision, there was no mosque on the Noble Sanctuary in Jerusalem. That structure was not built until after Muhammad’s death, when Muslims finally did conquer and occupy Jerusalem. At that time the Umayyads built a new mosque on the Temple Mount; naming it the Al-Aqsa Mosque or “farthest mosque”. Al Tibawi, a Palestinian historian, argues that this action “gave reality to the figurative name used in the Koran.” Critics also state that there were already two places that Muslim tradition of that time period called “the farthest mosque”; one was the mosque in Medina, and the other was the mosque in the town of Jirana, which Muhammed is said to have visited in 630. Modern observance: This celebrated event in Islam is considered to have taken place before the Hijra and after Muhammad’s visit to the people of Taif. It is considered by some to have happened just over a year before the Hijra, on the 27th of Rajab; but this date is not always recognized. In Shi’a Iran for example, Rajab 27 is the day of Muhammad’s first calling or Mab’as. The Lailat al Miraj, also known as Shab-e-Miraj in Iran, Pakistan, India and Bangladesh, and Miraç Kandili in Turkish, is the Muslim festival celebrating the Isra and Mi’raj. Muslims celebrate this event by offering optional prayers during this night, and in many Muslim countries, by illuminating cities with electric lights and candles. The celebrations around this day tend to focus on children and the young. Children are gathered into a mosque and are told the story of the Isra and Mi’raj. The story usually focuses on how Muhammad’s heart was purified by an archangel (Gabriel) and filled him with knowledge and faith in preparation to enter the seven levels of heaven. After prayer (Salat, where the children can pray with the adults if they wish) food and treats are served. Qur’an and Hadith: There is very little in the Qur’an about the event, though the Isra and Mi’raj have been discussed in detail in supplemental traditions to the Qur’an, known as hadith literature. Within the Qur’an itself, there are two verses in chapter 17, which has been named after the Isra, and is called “Chapter Isra” or “Sura al Isra”. In English, the chapter is usually called either “The Night Journey” or “Children of Israel.” There is also some information in Sura An Najm, which some say is related to the Isra and Mi’raj. The Qur’an: The Qur’an, chapter 17 (Al-Isra), verse 1: “Glory to (Allah) Who did take His servant for a Journey by night from the Sacred Mosque to the farthest Mosque, whose precincts We did bless,- in order that We might show him some of Our Signs: for He is the One Who heareth and seeth (all things).— translated by Abdullah Yusuf Ali” The Qur’an, chapter 17 (Al-Isra), verse 60: “Behold! We told thee that thy Lord doth encompass mankind round about: We granted the vision which We showed thee, but as a trial for men,- as also the Cursed Tree (mentioned) in the Qur’an: We put terror (and warning) into them, but it only increases their inordinate transgression!— translated by Abdullah Yusuf Ali” The Qur’an, chapter 53 (An-Najm), verse 13 to 18: “For indeed he saw him at a second descent, Near the Lote-tree beyond which none may pass: Near it is the Garden of Abode. Behold, the Lote-tree was shrouded (in mystery unspeakable!) (His) sight never swerved, nor did it go wrong! For truly did he see, of the Signs of his Lord, the Greatest!— translated by Abdullah Yusuf Ali” Hadith: Of the supplemental writings, hadith, two of the best known are by Anas bin Malik (612-712), who had been a young boy during the time of Muhammad’s journey.

Thanks for your answers......i really appreciate it...............Go RV....right?

Can somebody tell me if 10,000 people have 2,000,000 in IQD and it RV's at $1.00 Who has 20 trillion to pay the note? Now i know my numbers are wrong and low. But can somebody just wing it for me? Or can u break it down for me in your terms........Beacuse I'm thinking the bill on this is going to be over 100 trillion roughly speaking..............It will help me out so much if you could explain......Because if the number is to high, then i know i need to take a break from this....(unreal)

Posted: April 1, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics Member of the Assembly’s Economic Committee of Representatives of Iraq, on Friday, the Ministry of the Federal Trade to work in the electronic system for issuing import licenses because it would plunge the Iraqi market to imported products and “fight” domestic production. Said Abdul Hussein Alabtan of Kurdistan News Agency (Rn) that “the work order mail to issue import licenses by the Ministry of Commerce would plunge the Iraqi market to imported products and limit the government shift to private sector development in the country, especially with the delay of action the law of customs tariff.” He explained that “the Ministry of Commerce has to coordinate with other ministries to activate the electronic system and see its impact on the Iraqi market which is suffering from commodity inflation.” The Ministry of the Federal Trade announced on March 26 last, the introduction of an electronic system in the granting of licenses for the import of commodities and products to Iraq, rather than the manual system was in place previously, bringing the number of licenses granted to 1200 leave a day instead of 70 vacation. He pointed out that “the Commission emphasizes the need for action should be accompanied by an electronic system a broader role of the Ministry of Planning and quality control device to prevent the entry of goods of poor origins is known and which cause significant economic damage to the Iraqi market.” The Ministry of Planning and Development Cooperation, the quality of food improved after they were activating the work of a standardization of quality control through the introduction of modern equipment for Standardization. He called earlier Economists Iraqi government to the formation of the highest quality industrial country, assuring at the same time that the system of quality control “failed” in the prevention of defective material entering the Iraqi market. And seek the Iraqi Planning Ministry to establish a National Centre of Metrology is to develop the expertise cadre through training workshops in cooperation with the U.S. Agency for International Development, at the time proceeded to the Central Agency for Standardization and quality control contract with specialized international companies to oversee the products imported into the country. The Agency was established standardization and quality control in Iraq in 1979 and March of work since then on the border ports and airports as well as activating the Iraqi performance in the local factories in the country

Posted: March 31, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics Obeida Naimi – still the national currency of Iraq (Dinar) at a standstill, and we believe it is just the demise of the economic embargo imposed on Iraq for 12 years, the (dinar) will restore its health, if not the one from three dollars, Frosa head, it is true that the improvement slightly emerged after changing the political system, and the issuance of new editions of the coin, but the exchange rate stood at a certain point, and it seems that those charged with formulating monetary policy, dissatisfied with this result, as if they were afraid of aftershocks hit the currency setbacks new, maybe not Tsafha any actions timely or future, and therefore see a picture of the economy through the value of national currency against hard currency, which controls the course of all economic activities, and greatly affects the living conditions of citizens. We do not know, why there are no plans to jump currency to the top, especially given that oil alone is fit to be a cover for them, as in the seventies of the last century, as awarded the purchasing power in the currency market, possible that conferred today with force, but if there is a strain What prevents this, as public policy factors are influential, so policies are economic factors are affecting the other. But, let’s move away from the conspiracy theory that Akhartna much, after that we are, we believe we are moving Kalrobutat, or pawns of chess, by hidden hands, and try to expose some of the imbalances in the economic structure through self-flagellation to publicly Nnatq the status of the dissipation of the East once, and the West times . The beginning, we must recognize and acknowledge that our real problem, we do not have the ability to manage state resources properly, and this does not mean lack of talent, but because this (talent) is absent for the levels of responsibility held positions in the absence of time, and they lack the possibilities scientific, technical, and here was this problem as a stumbling block to raise the value of the currency from its current rate. No doubt, that the currency is the interface the country’s economy, as noted, is a means and not an end to economic exchange, and therefore the high value that is associated with activating the various economic sectors so that there is diversity in the sources of national income, instead of limiting it to oil imports, although these imports alone are eligible to strengthen the currency, but in a country as diverse resources such as Iraq needs to achieve its investment process, comprehensive, in order to believe in other sources within the general budget resources, in addition to preventing waste of hard currency to import goods and products that can be produced locally, and which adversely affect the currency based on national supply and demand. The deterioration of the economy in any country, and the deterioration of productive sectors, is reflected directly on the reality of its currency national, so we need practical steps to start investment projects, for infrastructure development, for economic growth, and pumping of hard currency at home. We would like to point out here that the adoption of the Iraqi Central Bank to pump hard currency in its daily auction to control the exchange rate of national currency against the dollar, can not raise the value of the currency, but keep it to a single case of stability with some of the rise or decline marginally, what should be to put a policy appropriate to the country’s resources to the high value of the currency, to not only be including the deletion of zeros at the present time, what caused the severe damage to slices of employees and retirees and the totals of salaries of social protection network, and the poor in general, and if he does not need this procedure, it should be preceded by a plan to stimulate the re-cycle of the process productivity and economic whole, in various agricultural and industrial sectors, services and deliberative, banking and investment, thereby promoting each episode the other links in the mobilization of all reservoirs, capacity and channel players, either reclining on (deletion) in raising the value of the currency, it is just a fake so-called phenomenon of (monetary illusion), and does not constitute a real phenomenon, because the real value of the monetary union (the dinar) is in the amount of goods and services that can be obtained in time, which does not reflect the monetary value of the number before manifested any signs of the true value of the monetary union. So, no room for deception, or lure people through the mechanisms of temporary soon turn against them, Bala, and are taking steps to correct for the advancement of economic reality, all the way to restore confidence in national currency and the real exchange rate. http://another site.wordpress.com/2011/03/31/exit-from-the-neck-of-the-economy/#more-27933

I don't understand this part. Do we have to wait another year? B. Monetary and Exchange Rate Policy 14. The authorities remain committed to ensuring the independence of the CBI. A ruling by Iraq’s Federal Supreme Court also noted that while the CBI is part of the country’s executive apparatus, it is by law independent in its decisions and operations. 4 Compared to the oil revenue trigger in the 2010 program, the 2011 trigger does not include a floor under the export volume below which the trigger would not apply. The authorities intend to treat the SBA as precautionary if oil revenues, irrespective of the combination of volumes and prices, in the first three quarters of 2011 exceed the projection of $46 billion by more than $3 billion, or if at the time of the fourth review, the rate of execution of the capital budget is expected to remain below 90 percent. Disbursement Profile (in millions of SDRs) 10 15. The CBI will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar. Also, a stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment and in an economy with a very low level of financial intermediation. Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To enhance mobilization of domestic financing, limitations on state-owned banks’ use of government deposits for investing in Treasury bills have been reduced, while the pension fund has also been allowed to invest in Treasury bills and to participate in auctions directly

I know this is my first post but i feel this is a good one............This i from the CBI website............Can somebody explain what this all means.. NEWS & ANNOUNCEMENTSUpdates ■Iraq country report 28/3/2011 http://www.cbi.iq/ Now u can Bash me for being new.