Nothing-Ventured

I was a little worried when the violence that happened in the past week broke out, and the empact it would have on Iraqs progress. But, about a hour ago, "Quietlearner" posted an article in the news section, and I found it to be very encouraging in spite of the recent events......... Investors Look for Opportunities in Iraqi Recovery CNBC today The thought of investing in Iraq may make some investors cringe, but others argue the situation is changing on the ground. Given the euro zone debt jitters, a weaker outlook for the US economy and fears of some emerging markets overheating, it may be worth a consideration. As the debate rages on as to whether some US troops should remain after a planned withdrawal at the end of the year, the security situation is still volatile. A top US official earlier said that Iraq “is less safe than a year ago”. Figures released by the health ministry showed that the number of civilians killed by violence in the country rose to 159 in July, marking one of the worst months of the year. But Shwan Taha, Owner of Rabee Securities, believes it is now “much better” in comparison to 2005-2007. “There are much more dangerous places on earth that investors are flocking to and where the rewards are less than those in Iraq,” he told CNBC. Here are some numbers to ruminate on. The 10-year sovereign bond yields for Iraq, at 6.65 percent, are roughly on par with Italy and Spain, and lower than Ireland and Portugal. Similar patterns can be found in Iraq’s credit default swaps (CDS), or the cost of insuring the country’s debt against default for five years. And the violence “does not seem to be having any effect on foreign direct investment (FDI), which is increasing, substantially,” Hussain Qaragholi, Vice President of the US Iraq Business Council and Managing Partner of Phoenix Capital, told CNBC in an interview. FDI into Iraq increased by 175 percent in 2010, data from fDiIntelligence showed. The country took 7 percent of FDI flows into the Middle East region in 2010, up from 2 percent in 2009, becoming the fourth leading destination in the region. Dunia Frontier Consultants, a financial services company, estimates some $45.6 billion in investments flowed into Iraq in the first half of 2011, already surpassing the total for 2010. You can see the impact everywhere. The Iraq Stock Exchange (ISX) is up more than 40 percent so far this year, making it one of the best performing markets in the world - compared to the Egyptian Stock Exchange, down 35 percent year-to-date. Trading is often thin, but greater prospects may be around the corner. Qaragholi looks forward to the listing of Iraq’s telecom initial public offerings, possibly doubling or tripling the market value of the stock exchange, currently just above $4 billion. It is a modest number, even by regional standards. A substantial amount of investment goes into the oil and gas sector. Iraq is a member of the Organization of Petroleum Exporting Countries, not bound by quotas, and currently exports 2.7 million barrels per day (bpd). The plan is to expand output to 3 million bpd by the end of the year, and 12 million bpd by 2017. A final draft agreement was signed earlier in July by the government with Royal Dutch Shell cnbc_comboQuoteMove('popup_RDSA-GB_ID0EWKAC15839609');[RDSA-GB 2005.50 ] cnbc_quoteComponent_init_getData("RDSA-GB","WSODQ_COMPONENT_RDSA-GB_ID0EWKAC15839609","WSODQ","true","ID0EWKAC15839609","off","false","inLineQuote"); and Mitsubishi, paving the way for a $12 billion deal to capture flared gas in the south. Aside from oil and gas, what else is out there? Taha said he is very interested in the services sectors. “Personally I try to stay away from the flavor of the month and look a bit more long term,” he said. http://www.cnbc.com//id/44156103 Read more: Quote, "“There are much more dangerous places on earth that investors are flocking to and where the rewards are less than those in Iraq,” he told CNBC." And Quote, "And the violence “does not seem to be having any effect on foreign direct investment (FDI), which is increasing, substantially,” Hussain Qaragholi, Vice President of the US Iraq Business Council and Managing Partner of Phoenix Capital, told CNBC in an interview." It's true, many articles are coming out telling us of all of the BIG investments being made in Irag....Fast Trains...5-Star Hotels....Oil Contracts...etc. In my opinion...all is good, but I do pray over the recent devastating deaths in their country.... Go...RI

Thank You Quietlearner..! This is a real positive plug from CNBC....great news

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives."[3] Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar. http://en.wikipedia.org/wiki/Iraqi_dinar One thing I have been pondering is....back in 2003--2004, after the new notes were printed by De La Rue, wikipedia then says "In 2003, new banknotes were issued consisting of six denominations: 50, 250, 1,000, 5,000, 10,000, and 25,000 dinar". and, "A 500 dinars note was issued a year later, in October 2004. In the Kurdish regions of Iraq, the 50 dinar note is not in circulation." According to this August 5, 2005 PDF document by the Center for International Private Enterprise http://www.cipe.org/regional/mena/iraq/pdf/bttv_synopsis_ep6.pdf It says that the "Printing of a series of 14 new Iraqi Dinar notes and coins" is a step that has already been taken. I said that to say this...When they changed the currency in 2003, it only took 4 months to do so, not a year. When De La Rue Printed the new money, they only Issued certain denoms...heck, they printed the 500 dinar note in 2003, but Issued it a whole year later! The 2 words that speak to me are Printed, and Issued, as they are different. I think that once the House of Ministers aproves this, it won't take very long at all to be accomplished. Just my 2 cents!!

Central Bank: the new currency will be printed in three languages ​​by the Constitution On: Saturday 13/08/2011 10:32 Baghdad (news) .. The Central Bank of Iraq to the new currency that will be the deletion of zeros will be printed in three languages, Arabic, Kurdish, English, applied as indicated by the Constitution, pointing out that the old currency will be dispensed gradually. The central bank adviser said the appearance of Mohammed Saleh In a statement to the Agency (news) on Saturday: the new currency will be printed in three languages: Arabic, Kurdish and English, the real opportunity to apply what was referring to the Iraqi constitution, stressing that the aunt of old will not be canceled immediately after issuance of the new, but will be dispensed gradually. The benefit of : There is no difference in the currency's new on the rights at the exchange rate and the purchase, saying: When you want to buy the rotor b (1200) dinars, we will buy dinar and (200) fils. He added that the project to delete the zeros approved by the Department of the Central Bank has been forwarded to the House of Ministers and MPs, if approved by the government it will work by hand. The central bank adviser that the purpose of the project to delete the zeros of the three is to reduce the large numbers of objectionable transactions, which will reach trillions, as will be shortened blocks of cash without disparage and wealth or income, they all be fixed. and that the project will be working gradually, and differs from the previous project, which began at the end of the year (2003) and continuing until the end (2004), and expected to take the project over time more and continues to years and thus we note that the old currency will gradually disappear. / Finished / 8. t. M http://ikhnews.com/news_view_18144.html

Found It.... http://goldprice.org/gold-prices/UK-Small-Gold-Coins/Emirates-Gold-2-Dinar-22K-Gold-Coins.htm#

Last Sentence: "He predicted that "the problem is over when you start replacing the Iraqi currency current, after the lifting of 3 zeros of them," urged "the Iraqi Central Bank to print currency, more sedate than the current, although the latter is printed in a British company known, and used the mechanisms and means of high security, but over time is imitated by the weak people. " says to me that they are in hyper alert over the emergence of the currency replacement -lifting the zeros-.....and begs a question...is new money being printed by a British Company..?

Director of Banking talking about the source of counterfeit currency state banks Central: security control has led to the arrest of 1297 suspects fraud cash BAGHDAD - Nasser Bijari Iraqi Central Bank announced that the follow-up control and security have led to the arrest of 1297 accused of rigging the local currency and foreign, with the Director of company banking company received local currency was forged from the state banks. The expert described the first in the Iraqi Central Bank d. The appearance of Mohammed Saleh, arrested on criminal charges of forgery 1297 currency to "good thing", adding that this "evidence of a security control and follow-up and prosecution of counterfeiting gangs and the dealers." Saleh pointed out that "the phenomenon of counterfeiting is not new, not Iraq, not even the rest of the world, a problem found in all the countries of the world, including developed and which has monitoring mechanisms developed, and even the dollar currency in which fraud is enormous," noting that "the crime of forgery in Iraqi law, is one of the major crimes and punishable by law the Iraqi tight. " He added that "there are 3 types of methods of counterfeiting, the first called (Koani), ie, a person has the technical ability of being able to forgery or counterfeiting of currency, whether, or to global or boards any other commodity." He pointed out that "The second type is a forgery (Commercial), and carried out by groups, companies or merchants for purposes of profits and currency speculation and money laundering, and this type is run by mafias specialized international trade in counterfeit currency, despite the stresses most of the laws of the world for this type of trade Legal and follow-up, in an attempt to rein in its subjection to the law and bring them to justice. " He said, "The third type of forgery is called the (intelligence), which is administered by the states or governments against other countries, in an attempt to hit their economies, even though they are a kind of war (Dirty), which fears the most to be involved, because the exposure will lead to consequences are not in the interest of all parties that resort to this kind of war. " And Saleh revealed "there were some counterfeit currency to the Central Bank during the daily dealings," but he returned to corrects that she "received the rates a few negligible, and consider it from the normal ratios, these ratios are not now, but is one of the things contained in the transactions for nearly 50 years ago ", pointing out that" the Bank, upon the receipt of any paper forged, is traced and its ownership immediately, to get to those behind them, the law takes its course. " For his part, the legal expert Tareq Harb, that "fraud and counterfeiting of currency and industry currency counterfeit, the doors of the crime of forgery in the Iraqi Penal Code No. 111 of 1969, and there were a number of provisions including Article 280 and 281 and 282, and reading, we find that sanctions against counterfeiting very very up to life imprisonment usually can not reduction of sentence less than that, especially as counterfeiting currency does not by one person, but always involved with the League of forgers and Tabaaan, distributors, promoters, and other episodes. " He expressed his belief that the war "the cause of the growing phenomenon of counterfeiting in recent times, is to enter the modern means of a digital presses and color sorting equipment, scanner and sophisticated computers, and counterfeiting operations were previously limited due to the presence of these devices." He explained that "places of counterfeit currency in Baghdad specific, such as Alaptaoyen, Sadr City, north of Baghdad, any of the popular areas that abound with printing presses and find the controls a few," noting that "the biggest case of fraud took place in Iraq of the coin, is the period of the currency exchange during the reign of management Bremer, the billion has been fraud, and even now there are open issues against persons accused of Harbin, and others are languishing in prisons of the bank staff, which oversaw the replacement process. " In the meantime, the director of the beauty of the banking and foreign remittances beauty Ajili, that "the currency counterfeit exist in the Iraqi market, either local currency or foreign, strange that some traders are normal, and can not be detected easily, as it is rigged in a minute." He Ajili for "world" on Wednesday "recent and we received counterfeit currency in denominations of 10 thousand dinars exclusively, but in small quantities, and the curious, we got a hold of the Iraqi Central Bank and government banks, the payments for the farmers of Iraq, against the marketing of grain of wheat and barley and corn of the State, and in the money supply were received from state banks and the Bank, counterfeit currency, but as I said is not in large quantities. " ". And that "on average we detected between 20 and 30 thousand dinars, or 3 cards in each package of cash, contains 10 million dinars or 10 (intensities) and packed in a formal, and sealed from the bank or bank official, a category of 10 thousand dinars." . He noted that "the nature of counterfeit currency, and this technique, accuracy, and asymptotic to the type of paper is real, can not be falsified in Iraq, because we do not have this technology, as well as everyone here that the fear of liability and prosecution." Director of Baghdad spring of remittances, said he "created a special section examining the currency, 5 employees were appointed task is to examine the currency." . The director of a company transfers, in his interview to "the world" yesterday, that "the dealings of up to more than one billion dinars a day, and there is enough time to be tested immediately upon receipt, and for this we are registered as the owner and placed in a separate bag, then be scanned and directed by fake ones, are us on a daily basis, counterfeit currency, we returned to its owner. " He predicted that "the problem is over when you start replacing the Iraqi currency current, after the lifting of 3 zeros of them," urged "the Iraqi Central Bank to print currency, more sedate than the current, although the latter is printed in a British company known, and used the mechanisms and means of high security, but over time is imitated by the weak people. " http://translate.google.com/translate?hl=en&sl=ar&u=http://www.alaalem.com/&ei=eKFCTq3EEom6tgf81IzBCQ&sa=X&oi=translate&ct=result&resnum=1&sqi=2&ved=0CCwQ7gEwAA&prev=/search%3Fq%3Dalaalem%26hl%3Den%26biw%3D1344%26bih%3D690%26site%3Dwebhp%26prmd%3Divns

Thank you Sniper Wife Could you fix the link? This one should work... http://translate.google.com/translate?hl=en&sl=ar&u=http://www.aladalanews.net/&ei=Uk9AToLrNIKEsAK9xZER&sa=X&oi=translate&ct=result&resnum=1&sqi=2&ved=0CCIQ7gEwAA&prev=/search%3Fq%3Daladalanews.net%26hl%3Den%26biw%3D1344%26bih%3D690%26site%3Dwebhp%26prmd%3Divns

Businessmen arrested in Najaf over expired sugar sales 07/08/2011 18:53 07/08/2011 18:53 Najaf, August 7 (AKnews) - Three businessmen have been arrested in Najaf city after attempts to sell expired sugar in the local markets. Najaf, August 7 (AKnews) - Three businessmen have been arrested in Najaf city after attempts to sell expired sugar in the local markets. Authorities in Najaf city, south of Baghdad, confiscated this morning some 50 tonnes of expired sugar while the businessmen were trying to sell it in the local markets. Authorities in Najaf city, south of Baghdad, confiscated this morning some 50 tonnes of expired sugar while the businessmen were trying to sell it in the local markets. During the holy Muslim month of Ramadan when Muslims fast from dawn to dusk, demand for sugar rises. During the holy Muslim month of Ramadan when Muslims fast from dawn to dusk, demand for sugar rises. "Customs officials followed the cargo that was coming from Karbala province after it raised suspicions about its validity." "Customs officials followed the cargo that was coming from Karbala province after it raised suspicions about its validity." Najaf police media official Capt. Najaf police media official Capt. Miqdad al-Mussawi told AKnews, "The three men will be handed over to justice upon completion of investigation with them" Miqdad al-Mussawi told AKnews, "The three men will be handed over to justice upon completion of investigation with them" reported by Salah al-Khuzaie reported by Salah al-Khuzaie RY/AKnews RY / AKnews http://translate.google.com/translate?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.aknews.com/en My first thought was, Oh My..! My second thought was....just wait until they get TWINKIES in their country...! A 25 year shelf life....OMG..! LOL--LOL--LOL!

Central Bank: the Iraqi economy will not develop unless the activities are expanded tax 07/08/2011 18:52 07/08/2011 18:52 Baghdad, August 7 / August (Rn) - Deputy Governor of Central Bank of Iraq on Sunday that address the economic problems require the expansion of activities in the country and tax reforms in a wide range of administrative transactions of the General Authority for taxes of the Ministry of Finance. The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank classifies the tax system in Iraq as a late and does not contribute in supporting the action the central bank to support the value of cash and banking transactions in the country." He added that "the Ministry of Finance for tax measures to expand and upgrade their value while reducing the administrative and bureaucratic procedures that contribute to hamper the development of the Iraqi economy." On July 20 last the government announced that it has developed a plan to activate the taxes to address the continuing inflation in the Iraqi economy. The economists and the tax system in Iraq and underdeveloped systems that do not rise to the level of support the economy and tackle inflation in the country. And the Iraqi Central Bank announced in January 13 last that the value assumed for the tax budget in 2011 amounted to 2.7 trillion Iraqi dinars. The sector has witnessed in Iraq, taxes almost stopped in recent years because of the economic turmoil in Iraq and tense security situation, which led it to limit the tax system on the sector staff, traders and owners of companies. Wanan of Jafar, the Open: Murtaza Yousuf http://translate.google.com/translate?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.aknews.com/ar/aknews/4/255421

The Call Squad Transcript of August 4, 2011 - Episode 68 [ This is the middle portion of the transcript where they discuss the recent articles. There is a lot of good stuff here to read, and it's NOT BORING, just takes some time to get through...perfect for a Saturday read! I copied this and did not fix the links to the articles, so they will not work, but we have read them anyway..!] Shabibi: The Independence Of The Central Bank Of The Umbrella Of A Protector Of State Funds Baghdad (news) called Central Bank Governor Sinan Shabibi bank independence because the umbrella of a protector of state funds. Shabibi said to contact the Agency (news): "The granting of independence to the Central Bank is of great significance because it is the umbrella of a protector of state funds", adding: "But The government that I understand that the Bank's isolated to it, but we are working with the market and the government significantly." He added Shabibi: can not separate the government and the central bank because the importance of monetary policy depends according to the law on cooperation with the government. He noted that the basis of the economy, the Bank is to fight inflation, which gets because of the government or the private sector, and works on the application of monetary policy both in the interest rates to stabilize the growth and support banks in crisis through direct coordination. And Shabibi: The Central Bank of the follow-up budget allocations of government in order to adjust the exchange rate and reduce the processing imbalance. http://ikhnews.com/news_view_8170.html Deb: As Joey said yesterday, he’s working to adjust that exchange rate and the processing of the dinar. These are six little words that will change the world. Joey: Yep, like we said last night, the ‘imbalance’ is the UN & IMF’s extremely low, assigned IQD value relative to the wealth and true value it should be and will be worth. There is an imbalance that must be balanced. Joey: This is a new article CBI Announces Completion Of Plan To Remove Three Zeros And Reprint 30 Trillion Dinar Posted: August 4, 2011 Published August 4th, 2011 – 09:24 GMT The Iraqi Central Bank announced the completion of a plan to remove three zeros from the dinar, replacing current banknotes with new ones. The Bank will re-print 30 trillion dinars (26 billion dollars). According to Mazhar Mohammad Saleh, an expert in the Iraqi Central Bank, in a speech with the ALHAYAT of London, “our problem lies in the timing of the currency exchange, as we need to select a suitable time for implementing the project without obstacles.” The Central Bank planned to remove three zeros from the Iraqi dinar, after suffering from inflation and the decline of the currency during the nineties, due to economic sanctions. The value of the dinar decreased internationally to its current value of approximately 1120 dinars per dollar. In 2003, the Central Bank adopted a new mechanism to maintain the dinar’s exchange rate. It created a foreign exchange auction to sell dollars that Iraq obtained from the sale of oil in the global markets and then transferred to the bank to sell in local currency, which helped raise the value of the dinar over the last few years to more than 2000 points. Saleh estimated the government will exchange more than 30 trillion Iraqi dinars, or more than $26 billion dollars. The most important change after deleting the zeros, is to reduce the number of banknotes in circulation, simplifying the payment system in Iraq. Some economists have warned that the process of exchanging the Iraqi currency will be rife with corruption due to the inaccurate structuring of Iraqi banks. Previous attempts to exchange the currency resulted in major corruption, costly to the Iraqi economy. However, Saleh responds that the process of changing the currency in 2004, occurred under the exceptional circumstance of an occupation, was managed by a civil American governor, and was still successful. The Central Bank sells, through a daily auction, between $150 million dollars and $190 million dollars daily to clients of private banks and the financial companies. (Source: www.yallafinance.com) http://www.yallafinance.com Joey: Concludes that article is interesting because it says they have completed the plan to remove the zeros. That sounds pretty final, I like that! Joey reads another article: Central Bank Begins To Re-Structuring Of The Local Currency 2011-08-04 09:53:0 Iraqi Central Bank has decided to begin the process of restructuring and the development of the local currency coins in cooperation with international organizations and economists of the world. The deputy governor of the Central Bank said of the appearance of Mohammed Selah’s “Baghdad Post article” that “the central bank agreed with the Government to Almaasat financial restructuring of the currency, organization and development of coins.” He added that “the central bank decided to introduce the metal in the next three months, which will be the class of 1000 dinars and 500 dinars.” He noted that “the Central Bank of Iraq conduct extensive contacts to coordinate with international organizations and experts from the world to take this decision his way.” The main Functions of the Central Bank Iraq to maintain price stability, monetary policy implementation Including exchange rate policies, and management Reserves Currency Foreign, and issue and management Currency, as well as to regulate the banking sector http://www.baghdadpost.net/view.9997/ Joey concludes: Any time in the next 3 months we could see a 500 dinar coin, or it’s safe to say over the next 3 months, which implies it will start sooner than then, which could be starting one minute from now. They like doing that to us, get us looking off into the horizon with a time frame, and then plopping some juicy dessert right under our noses. They have to find that ‘sweet spot’ for proper timing of when to release the low denominations. Yukon: In the first article, I want to make sure the audience hears that they are going to remove from circulation and replace notes, not lower the value of any notes. Patriot and Yukon: Discuss that the USA has done the same thing with 10,000 and 100,000 dollar bills. Joey: Good point, that leads right to the next one. Joey: Wait till you hear this: Not The Right Time For The Lifting Of The Zeros (Joey: really?) August 4th, 2011 08:38 am Despite the prevailing society Iraqi instability in all parts of political, economic, social, and despite what will happen to him and hurt him severely inflation and inflammation of the prices and the continued rise of the line of his ruthless and accompanying complaint and Tazava citizens, and despite also stop the wheel of industry almost completely Baktaiha public and private sectors and decline of agriculture and lack of services tragic and widespread underemployment coupled with the secretions of the occupier, terrorism, and successors from the complete destruction of people’s money, require a claim the United States and allied compensation - Is added to all the above the absence of national production types and roots displayed an inability to meet all the requests of citizens. and the absence or inability of the institutions concerned to control prices centrally for all goods, consumer or non-consumer inflation in this miserable reality that struck fatal to Iraq and its people. After the entry of the occupier and that calls the rulers and their affairs, bridging the gap and work to heal and heal and reality is painful to pay the wheel construction, reconstruction and restoration of all industrial facilities to its former away from privatization, virile, capable of absorbing unemployment to improve the economic reality and re-meat people, good to his past Alaudhae and work in all seriousness to activate the exit of the occupiers end of the year and enjoy the full and expeditious independence and national sovereignty does not reproach them. I say despite the fact noted above and reflected in the tragic misery of the people and the Iraqi state and which require careful consideration. Red traffic signal, we overlooking central bank officials from time to time and other short words through the media print and visual Bohadjih strange wonderful work that the deletion of zeros from the Iraqi currency, and so on without warning and in a very critical time is not in line with reality living standards!! And jump to the top of the stairs disregarding all the facts mentioned above passing! The lack of clear standards about such an important subject and requires strong Dbabih foremost goal setting with all the clarity and transparency and the overall planning and study of all aspects of the subject that is vital and my future … Economic, political and social overlap in its considerations to influence internal forces and regional and external, which creates many negative effects as a result of this intervention, and any gap is studied in its application will no doubt shake we do not need and confusion in the Iraqi street troubled .. In the same context, the more economists and politicians opined both the location and noted the need to wait until the exit of the occupiers and discuss the deletion of zeros at all levels and then transmit it to Parliament to enact a law that addresses all the problems that may arise around it to meet the conditions of legal and constitutional despite the fact that this subject, any lifting of the zeroes, and other things that deal with the issue of currency, inflation and maintain the currency and the stability of the market and the amount of money and other jurisdiction of the Central Bank of the seriousness and sensitivity of the subject in this exceptional circumstance that Iraq is going through requiring all actions referred to above. http://almowatennews.com/news.php?action=view&id=24383 Joey says: Note the last paragraph in that article. Joey emphasizes the seriousness and sensitivity, requiring all the actions referred to above. They’re talking about clarity and transparency …and yet they need a study? Really, is that true? But the IMF has been helping them for years, and has done all the study needed for them to succeed? The say ‘it doesn’t seem like the right time’? The headline says they need to hold off and wait, but the text says they can’t afford to wait, they need it now. It’s a bit ambiguous. Yukon reminds: The US has been asked to stay, we’re not occupiers, the leaders now want and need us to help them secure their future. We have been invited. Patriot: Right, we’re diplomats, advisors, trainers, diplomats, poker buddies; remember, they’re discussing having some of our troops not be in military uniform, but armed and wearing street clothes. Joey: It’s interesting how they try to trick us. Scott: Adding to Yukon’s point to be specific and accurate, the largest denomination of USD was a $100,000 with Woodrow Wilson’s picture; it was last printed in 1945, but stopped using in July 1969, though technically it is still legal tender in USA. All were printed in green except a year of orange to represent a gold certificate printed one year in the 1930s. One is hanging in the Smithsonian. Our biggest note now is a $100 bill which looks like they deleted 3 zeros and yet it didn’t hurt our currency or economy one bit. Even though discontinued for 40 years, it is still legal tender. From Google: Largest US Currency; See Wikipidia. Patriot: And if you had one, and took it to a bank, they would ask what denominations would you want. Shabibi has stated that the two currencies will coexist together for an extended period of time. Turkey did the same for two years and Shabibi said we could learn a lot from them, so we can read some implication of that time period. There is not going to be a sudden time limit stampede to exchange the large denominations. That’s just not going to happen. Scott: Reminds that they have also specified that the IQD was to be very similar in size, shape, and weight , the technology of ATMs, counterfeit prevention, etcetera to the USD. And now we learn they are coming out with a 100,000 IQD Note. And to lookup and learn that we even had one of those 100,000 notes when it made sense. Hmmm, maybe they are basing their entire currency plan to model the history of the USD? Patriot: What’s also true and similar, is that for years the US citizens did not have electronic banking. So they needed larger bills to do larger transactions without checkbooks and credit/debit cards. Now from a recent article, only 15% of Iraqi’s have digital banking accounts. Iraqis 85% prefer something in hand to conduct business. They don’t trust or maybe understand the digital banking system. Largest purchases are for homes and cars and they use USD. The Iraqi’s need to continue to purge out the larger denoms and sanitize its economy from dual currency system now in use with the USD and IQD as more citizens buy into the digital banking system, ATM and SMART cards. They need IQD currency to handle the larger transactions which is why you’re hearing about the 500 note and the 1,000 IQD coin. Their mentality and doubts are much like our American grandparents were not trusting banks after the depression It’s all happening the way it is supposed to; Go to our website and read The Iraq Project, download it. All of this is as it is. There is no holdup there is no delay, they simply are not rushing it; they’re implementing it. The obstacles are being addressed. An obstacle could be the mindset of the average citizen to NOT want to use a bank. A condition of society, and their attitudes, can be instrumental in economic processes. Citizens have long memory. Scott: We have an entire portion of citizens that are waiting to get paid from the HCL and DFI funds, that has been essentially a savings account for the people but they’ve had no access to for years. I’ve read some big numbers that some people are expecting to receive or be owed. So if the RV comes out at some of our expected $3 dollar range, it could mean some people are receiving a whole lot of hundred IQD notes. All of a sudden it doesn’t take so much to carry around, but do you want to take that out of the bank? And I wouldn’t want to leave my money at home when I go to work Patriot: Agreed, they understand the reality of the psyche of their people and they are moving the economy in a way that will be acceptable to them, and yet become engaged with the International Financial Community. Scott: The $100,000 bill had a purpose for a while, for a few years. The US, $500, $1,000, $5,000 and $10,000 bills were active till the late 60’s when we went to digital banking and check accounts. Iraq needs the big bills now until the people adapt the banks and electronics, and then when they no longer serve their purpose, they will be removed over time from the money supply. Like the US has done. Patriot: Payday in USA used to be delivered by cash in little envelopes, brought to the company every week by Brinks Trucks, every payday. It was all done in cash; we were not an electronic banking society yet. Joey: refers back to the article: Not The Time To Lift The Zeros article: Joey reads one line: (from a previous article tonight) “The Iraqi CBI announced the completion of a plan to remove the 3 zeros from the dinar replacing current bank notes with new ones.” They’re talking about redenomination with the low denoms. …and then they come out with the deceptive: Not The Time article… They’re lying to you guys, they’re lying, and do you know why? It says there that the small coins in the Iraqi market are almost missing. We spend our salaries and our currencies are small, so we have to pay for the major currencies only, this is what is leading us to restructure our currency. And why…? How do you do business in the world if this what your currency is? It says the small coins are only useful if it has value. We have altered the plan to make the dinar equal to the dollar. Small groups and contain damaged notes, they’re being refused by the merchants, and creating embarrassing situations. Not only is this the time, it is necessary, it is urgent, people are jacking up prices. They talk about timing and obstacles. The obstacle, may be to pass a couple laws, or maybe the diplomatic immunity; or some other condition they are looking for.…who knows, but to say the time is not good for doing this currency change is deception; Smoke and Mirrors. Patriot: Yes, they said the process of raising the 3 zeros would begin THIS WEEK, on 8/2 articles. Shabibi has said he has worked very hard to get the three zeros out of circulation. But because of the tattered damaged money, and the people have resisted digital banking and cards, that could be a condition, right? Scott: Email Question from B-Jay: Saleh is saying dinar will be valued against a basket of currencies… USD, GBP, The Jap Yen, and Gold Joey: based on the Standard and Poors article, that if the dollar fell, it would pull others down with it, so it would create a rise in the Gold price. Patriot: Gold will be used to balance out currencies that may fall at times, as a safety valve, to balance the average value of baskets that may fluctuate. It’s a smart move by the IMF Yukon: To Joey, this is like the Shuttle launching from the pad, they cannot come back, they have launched and there is no way to stop, without completing the mission. Joey: It says they’ve completed the plans. And now the values and levels, and how they will be compared to the USD. And then there is the education phase; It seems they are very urgent and busy for how much time they say they are going to take. Vic reminds: An article entitled, The Man Who Runs Iraq, was read a couple days ago, and Vic has been irked by that Iranian guy. Vic: The security minister was setup by the US along with the provincial authority. This article bothered me, and I’ve read Maliki’s biography, and have an appreciation for what he has done. How would you feel if you were Maliki and you heard or read about this Kazim Suleymania, from Iran? ……if I was Maliki,……Vic lays out a scenario that demonstrates how Maliki would keep control of the important ministers, so Maliki could show the others how Maliki didn’t allow these proxy interim ministers that allow articles like this and rumors like this to fill the air. Yet Maliki is making it happen, he is truly the man, with some help from others that can get it done. He’s gone to China and made big progress in so many ways. I take my hat off to Maliki. And to Shabibi who made sure he had a GOI and control over corruption and security. Mailbag Questions: Michael: The bank will reprint 30 Trillion dinars, shouldn’t it be 30 Trillion dollars? Patriot: Take the 30 Trillion divided by the current value 1170, and you get the 26 billion they list. Richard Bellevue WA: you get asked what the holdup is, but maybe we should be asking: According to the Freedom From Intel document, what yet needs to be done? Patriot: Section 20 of Iraq Project, they list all the things, in pages 150-160. Where it talks about the rebuilding of the economic system, that’s where you’ll find the list of things they are working on. Pam: Tonight Joey read current articles, and I’m sure many of you are compiling old articles as well. Tonight is a good example of how the new articles clarify the old ones. It’s amazing how they tie together. Joey: Good point, when reading that article about Mr. Obeidi on the 11th , and about consensus, we knew it was a done deal, because, Mr. Mullen, Mr. Panetta, and others were there at that very time, and Obeidi’s name was mentioned with those men in the room. Obeidi was acting as the minster from the 11th. We believed it at that time. Ken IN: Is there anything to protect the value of the 25,000 dinar notes after the RV? Vic: I don’t think the US hold anything but the 25,000 note and I don’t think Iraq will contradict any of they’re agreements, and the Patriot: Shabibi has said they will coexist with the low denoms for an extended period of time. Why would they mint a 1000 dinar coin if they were going to make it worth 1 dinar? Tim adds: And the 100,000 dinar bill will come out also, and they won’t lop that. That 100,000 dinar photo is shown in the bank’s book called the Monetary Reserve Index. The fact it is in there, makes it assured that all the large denoms will hold their value. Yukon: Is there any proof to validate the opposite? Remainder of Q & A skipped..........BREAKING NEWS AROUND 10PM BREAKING NEWS FROM THE CALL SQUAD: JOEY: I have to read to everyone in the Dinar community an article that just came out This is about our troops staying and what happened in Talabanis house.... (Reads a portion from the article - the rest is listed below in in its entirety) "The deal brought former Prime Minister Ayad Allawi and his Iraqiya party into the governing coalition in order to support the agreement. The deal included the activation of a national security council that he is to head. In addition it calls for Allawi's party to choose a new defense minister (in charge of the Iraqi Army) in exchange for Mr. Maliki and his allies choosing the interior minister(in charge of the Iraqi Police). Those powerful posts have been vacant because of political disagreements since the governing coalition was formed in December. With Allawi's backing, Prime Minister Maliki now has enough support for the agreement to be passed by parliament, even though the Sadrist block opposed it and has been a significant force blocking it." Patriot: Can you say GOI finished Joey: Oh my goodness..I have goose bumps Vic: Not passed...SEATED .....just came out in that news Deb: Yippee Patriot: Another major confirmation of a piece and the mechanism in which in fell into place really good news..this is just one of the components that just fell into place As Shabibi stated ....if you give me a..b..c.....I will give you RV Joey: We were not even told about this One little meeting in Talabanis House... they had put it off til Sat - They were there til Dawn and just released it to the news tonight BREAKING NEWS ARTICLE: Iraqi leaders agree to continued US troop presence beyond 2011 By CJ RadinAugust 4, 2011 6:03 PM

I am so grateful for the news articles that get posted here on DV..! That said, I have been searching all of my saved "arabic" news websites, and have searched them all for this article and can't find it listed anywhere else. I dearly hope that the news link for this article is not a spoof site... Time will tell

It's the 1973 issue..! Matter of fact, it's the very same one on the currency site, I matched the serial numbers. See.... http://colnect.com/en/banknotes/banknote/6937-10_Dinars-1973_ND_1978_Issue-Iraq oh well

ME AGAIN and the Picture one more time...I think its a $10, as I reconize the Arabic Numerals....

This is the picture that goes with this article..! Anyone know which denomination it is..?

Yes, this has been posted a number of times, BUT....in listening to the Call Squad last night, Joey mentioned/proposed that the new value of one dinar has, or will have the purchasing power of 1000. If you transpose the numbers, it is more encouraging!

The charts on OANDA currency converter website are in a record low as of the last 90 days. Look at the chart for today’s date.... August 1...it’s bottoming out. I couldn’t copy the link, but it’s pretty interesting..! Here is a link to the Forex Charts, and the bid price is at 1,135.7000 and the ask is at 1,77.4000 http://www.forex.tradingcharts.com/quotes/index.php?sym=usdiqd&Submit=Go&tz=GMT What do you think?

Thank You, and WELCOME I was just writing the phone number down right before you posted this..!!! Confirmation, I guess

It is now officially August 1, 2011 in Iraq: http://www.timeanddate.com/worldclock/city.html?n=27 IMO, I think we are about to see a lot of articles coming out in the next 6, to 8 hours........

Yep..! http://colnect.com/en/banknotes/banknote/25210-100_Dinars-1994-95_Issue-Iraq

Hey Alex.....I have only been in this investemt since March, and have read all of the possibilities....and I am strongly leaning towards a Re-INSTATEMENT rather than a RV, etc. And, based on what I have read, if they come out with a low figure, then it's anyones game, in that any, and everyone could come in and buy it up for a song....That is why I believe it will come out to a rate of pre-invasion... I don't know much about the financial aspects, but am just going by my gut feeling..!

Regardless of what others say, I LOVE these goofy articles..! There have been a lot of them lately, and to me they say "Locked and Loaded"..! We are in for some good news, I feel it in my old bones.

You guys are so funny...love it..! I saw this posted on that site earlier: ATTENTION FAMILY PLEASE GET THE WORD OUT TO ALL, THAT WE HAVE A BACK UP TO THE WEBSITE IN CASE YOU CANNOT GET TO FRANKS SITE MAIN PAGE http://www.another site.com (main) http://www.another sites.com (backup) ADDING THE "S" AT THE END WILL BE A BACK UP IF YOU CAN NOT GET TO THE SITE. THANK YOU

Baghdad (news) .. and the UN Security Council voted unanimously Thursday on a resolution, to extend the mandate of the Mission of the United Nations to provide assistance to Iraq for 18 months. وأعاد القرار تأكيد مجلس الأمن على استقلال العراق وسيادته ووحدته وسلامته الإقليمية، وحث حكومة العراق على مواصلة تعزيز الديمقراطية وسيادة القانون وتحسين الوضع الأمنى والنظام العام، ومكافحة الإرهاب والعنف الطائفى فى جميع أرجاء العراق. The resolution reaffirmed the Security Council on Iraq's independence, sovereignty, unity and territorial integrity, and urged the Government of Iraq to continue to promote democracy and the rule of law and improve security and public order, and the fight against terrorism and sectarian violence throughout Iraq. وشدد قرار مجلس الأمن على أن تحديات الحالة الأمنية فى العراق مازالت ماثلة، داعياً إلى تعميق الحوار السياسى الهادف والوحدة الوطنية، ومشاركة جميع الطوائف فى العملية السياسية، والامتناع عن إصدار أية بيانات أو أى أعمال قد تزيد من حدة التوترات، وأن تتوصل إلى حل شامل بشأن توزيع الموارد، وضمان إيجاد حل عادل لمشكلة الحدود الداخلية المتنازع عليها. He stressed the Security Council resolution that challenges the security situation in Iraq is still fresh, and called to deepen political dialogue aimed at national unity, and the participation of all communities in the political process and to refrain from issuing any statements or any actions that might aggravate tension, and reach a comprehensive solution on distribution of resources, and ensure a just solution to the problem of disputed internal boundaries. وأكد القرار أيضا أهمية المساعدات الأممية فى تقديم المشورة والدعم للعراق من أجل تعزيز الديمقراطية والنهوض بالحوار السياسى./انتهى/ي.ن/ The resolution also stressed the importance of UN assistance in providing advice and support to Iraq to promote democracy and the promotion of political dialogue. / End / d. N / http://translate.google.com/translate?tl=en&sourceid=ie8-activity&u=http%3A%2F%2Fwww.ikhnews.com%2Fnews.php%3Faction%3Dview%26id%3D17281

Man...I can't believe that I missed it..! So they Adopted the resolution?