Rabbi

What the CBI really needs to do is to end the auctions!! That'll cause an instantaneous increase in the demand for the dinar. From the supply-demand graph in Economics 101: An increase in the demand for an item, while supply remains constant, results in a corresponding increase in the price of that item. In the case of the IQD, that "price" is it's exchange rate against the other currencies. So, an instantaneous increase in the demand for the IQD will result in an instantaneous increase in the exchange rate of the IQD. There's your RV!!!!

As I suspected, the headline and earlier interpretations of this article were incorrect. $115 BILLION coming from the US? Yeah...right...The Congress is getting ready to pass a completely unnecessary tax cut for the wealthy. Oh, (and you'll never hear this on Fox News) they're gonna be paying for it by cutting everybody's Social Security, Medicare and Medicaid down the road when, all of a sudden, the Republicans in Congress flip-flop into deficit hawks. But I digress. My point is that there is certainly nothing in the budget for an extra $115 Billion for Iraq. Now a grant of $115 million is a completely different, and believable number. And scrolling through all of the other blurbs about other country's contributions, they're all in the millions. So this last incarnation of the article gets the number right.

OMG...this article has been up for 14 hours, and I'm the first reply? But I digress. It's obvious that this country needs a massive infusion of capital to rebuild. What's not so obvious is the realization that their is soooooo much value in the country now. They've got trillions of $$$ in just their confirmed oil supply. Their's probably just as much value in their natural gas supply, which they have recently started to monetize. There's many more natural resources, including gold and diamond. And let's not forget the fact that there is trillions of dollars worth of developed real estate, infrastructure, and private enterprises. Yet, the market capitalization of their currency is a mere $33 billion!! This discrepancy between the value of the Iraqi economy and its currency has only gotten more severe from when I got involved. So now, their need for capital is at its peak. There's no better time to RV to rectify this discrepancy!!

Let's see...just from the first and second files, above, that's $246 billion to be recovered by the GOI. That certainly would pay off their debts they've accumulated over the last few years...and then some. As far as the third and fourth issues, the amounts to be recovered could even exceed this amount. Add this to the article the other day regarding opportunities to create a public-private sector joint venture, it's apparent to me that reserves of the GOI could soon dwarf those of the CBI. Healthier finances of the GOI translate into a more robust dinar, which is what we all want. The success for any RV relies on the currency market's acceptance of and ability to maintain a stable exchange rate for the IQD. Having the coffers of the GOI at a surplus will go a long way towards the success of fully implementing the delete-the-zeroes project. I know I'm ready.

This is just one instance of the GOI's desire to create a joint venture with investors from the private sector. Because of all the corruption, the GOI has a large number of dormant projects that were halted because of lack of funding. The stated goal of the GOI is to eventually privatize all of these heretofore unproductive "businesses" in their transition from a dictatorship to a full-fledged parliamentary democracy. The GOI's share of the profits from ventures like the one mentioned in the article, as well as the monies received from the eventual outright sale of their remaining interests in these dormant ventures, will flow into the coffers of the GOI, helping to first reduce its accumulated debt and subsequently generate budget surpluses, thereby further enhancing and supporting the value of the IQD.

Not wanting to be a Debbie Downer here, but with 40 trillion IQD still outstanding, I just don't see them coming out at a new rate of $1/IQD...or even at $.86. Yes, I know we have the April 2012 SIGR report stating that Iraq planned to re-value the IQD to "slightly less than a dollar," and we reportedly have the Ministry of Planning Memorandum of Understanding Feasibility Study talking about $1.134 dollar per dinar (sorry, people, but when that MOP document came out, I distinctly remember it stating a value of 1.134 dinars per dollar, i.e., $.88/dinar). However, those two documents came out when their was only 20 trillion IQD outstanding. If their are now 40 trillion IQD outstanding, the math of those previous estimates dictates they they should be cut in half to $.43/dinar and $.44/dinar, respectively. To put things into perspective, if someone bought one million IQD at the price of $1,000 per million and it straight-up re-values to $.43/IQD, that one million IQD would then be worth $430,000, yielding you a phenomenal 43,000% Return on Investment. Yeah, it's not 1-to 1, but it'll still be the best ROI you'll ever see...by far!!!

There's nothing in this article to indicate that the shipping of IQD in amounts exceeding 200,000 is not allowed. The requirement is that IQD in excess of this amount must be DECLARED! If a dinar dealer here in the States makes a lawful purchase of IQD from the CBI or some Iraqi money-transfer company, those IQD will still be shipped to the US. It's just that the purchaser and seller must declare the funds and the details of the transactions.

This article is NOT saying that this money was taken from the banks just before being liberated! The $101 million and the 856 billion dinars (equivalent to another $72.3 MILLION) is the amount that was seized by Daesh when they took over the territory in Anbar, Nineveh, etc. back in 2014. Surely, that $856 billion in IQDs has long been spent over the last three years (and back in the CBI's treasury) in ISIS' hopeless attempt at a land grab from Iraq. But just to be sure, the GOI is cleaning out the remaining strongholds of Daesh in Tal Afar, Hawija, and out along the border with Syria. In those areas, Daesh scumbags will either die (and lose whatever IQD they have) or escape (and have to convert those IQD into some other currency).

Everybody has to understand that the currency auctions will continue after any RV. However, their nature will completely change post-RV. Currently, the CBI is selling USD (and taking in IQD), because the IQD does not have a value that is acceptable to banks outside of Iraq, and therefore, all goods imported to Iraq must be paid for with USD. The effect of this activity has been that the foreign currency reserves of the CBI are being depleted. In essence, the CBI is buying back IQD (at the program rate) and thus reducing both the note count and the amount of IQD in the economy. The less IQD in circulation, the less IQD the CBI is "on the hook" for upon pulling the trigger on the RV. Once the RV is triggered, the IQD will hit the market (i.e., be tradable against all other major currencies) at its new rate, which will be accepted by the banking industry. At that point in time, the CBI currency auctions will change from selling USD to selling IQD (and taking in USD and all other major currencies). As the value of the IQD appreciates, the reserves of the CBI will also appreciate...although I imagine by then most of us in Dinarland will have already cashed in our IQD.

OK, everybody, take a deep breath. I am a tax professional. In order for Section 987 to be applicable, a taxpayer must, first and foremost, be engaged in what is termed a "Section 987 transaction," which in simple terms involves the buying and selling of financial instruments the are stated in terms of a foreign currency. This particular Code Section applies to individuals and entities who are in "the trade or business" of regularly engaging in foreign currency transaction, e.g., futures contracts, long-term loans,accounts receivable or payable stated in a foreign currency. The straight-up purchase of a foreign currency is NOT a Section 987 transaction!!!!!!! If you, like me, have purchased IQD in isolated transactions, and you are NOT involved in the trade or business of buying and selling foreign currencies, then your exchanges will be considered capital gains.

Now the next step is sending it back to the CoM to incorporate the proposed amendments.

I wonder if Abadi saw this attempt from Maliki to oust him. He's already succeeding at eroding the confidence in Abadi by getting his top Ministers ousted, and now he's attempting this gambit as a way to cancel the results of the 2014 election altogether. Christ -- or Allah or Buddha or whatever -- almighty, it's time to bring up on charges on Maliki. If the $800 billion of embezzled funds outside of Iraq have been found, surely the forensic bean counters have also found that a lot of the graft leads back to Maliki. How much evidence is enough?

I'll tell you one thing...Maliki and the SOL are using this Article to their advantage. The fact that so many MPs never attend Parliament sessions allow Maliki and his SOL cronies to be able to have a simple majority when it comes to the actual vote. Minister by minister, Maliki and his SOL cronies are eroding Abadi's Cabinet, setting him up for a vote of no-confidence. It's time to drop the hammer on Maliki!

I don't read anything in this article that comes close to annexing Iraq. Annexing is what Putin did to the Crimea, which is an act of war. This cleric, IMO, is talking about integrating Iranian and Iraqi societies together.

That's only $860,000 worth of dinar at the official rate of 1182. At the street rate of 1280, it's only $781,250 It'll be spent in a week or two max!