Rasica

http://admin.iraqupd...php/article/889 This link doesn't seem to go directly to the article so copy paste Central Bank Issues Coins of 25, 50 and 100 dinars for circulation into google and look for Iraqupd and you will get the article.

Well we are not seeing the same relevancy of Article 140. I see article 140 as irrelevant and is not enacted anyways. Anyone can still buy Saddam era paper or coins but that is not relevant to the New Iraqi paper and coin dinars. Central Bank issues coins of 25, 50 and 100 dinars for circulation Sunday, January 2nd 2005 The Central Bank of Iraq will be issuing coins of 25, 50 and 100 dinars for circulation starting today. The coins have been issued according to the following specifications of the Central Bank: The front side of the coin shows the map of Iraq with two dates Hegira, 1425 and A.d., 2004. The back side of the coin contains a circle that has the denomination of the coin within the circle (25, 50, 100 dinar); "Central Bank of Iraq" is written on the top of the coin, while the denomination of the coin is written on the bottom. Dinar denomination ; Metal ; Diameter mlm ; Weight, Gram ; Shape 100 ; Nickel plated steel ; 22 ; 4.3 ; Circle/jagged 50 ; Brass plated steel ; 20 ; 3.5 ; Circle/smooth 25 ; Copper plated steel ; 17.5 ; 2.5 ; Circle/smooth http://admin.iraqupdates.net/p_articles.php/article/889 http://www.msymboll.totalh.com/asia_iraqi_dinar_coins.htm Now some can pull up articles that show in 2004 the coins were pulled out of circulation - one then needs to ask why in 2005 they were issued into circulation? It is my understanding that the 50 dinar coin is rare and is basically being phased out.

Not so, The Federal Reserve purchased trillions of IQD to start the 'controlled' economy. The 140 article is hog wash and is completely incongruent with the $Billions used to repurchase the dinar off the free market place. Coins are already minted, you can buy as much as you want.

The New IQD was not made to reflect hyper inflation imo, it was made as a convenient note for future obligation. Remember, The Federal Reserve purchased trillions of IQD in 2003 to jump start the New IQD in Iraq. If you can convince The Federal Reserve to LOP 3 zeros from the IQD as a 'remnant of Hyper Inflation' to bring just four notes to look more like the USD, you will certainly have my continued attention. Iraq literally already has its lower denoms in coins worth 25, 50, & 100 dinars. Iraq has already accomplished a buy back from the open market of their dinars at a rate of $1.5 Billion USD/month. The buy back, certainly is not a sign of doing a LOP down the road, because of an alleged past remnant of hyper inflation - which is the same thing as saying the "New IQD was produced only to be destroyed later" when inflation was low as it is now? No way would Iraq Do a buy back at a rate of $1.5 Billion/Month with 3 zeros on a proposed 25 paper dinar to be when they already also have a 25 dinar coin newly minted.

In 2008 when oil was $148/barrel Iraq made a huge windfall and the Government Of Iraq (GOI) purchased their dinars on the open market place at a rate of $1.5 Billion/Month. At that rate in little over a year, Iraq could have repurchased all their IQD.http://www.nytimes.com/2008/06/21/world/middleeast/21security.html?hp%3Cbr%3E Read Page 3 It was mentioned that Venezuela, Iran, and Russia could provide similar lessons for future Iraq expectations. On this note, Iraq differs because their IQD is “controlled” meaning, it is purposefully being held down and disconnected from their GDP. Reason ~ They do not want to repeat the mistakes of East Germany after WWII, when they rebuilt. For all practical purposes imo, one can approach this from several points of view: 1)<br style="border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">Either Iraq will soon tie their Dinar to the GDP (instant reval) and then like any country rebuilding and growing slowly or aggressively appreciate further or 2)<br style="border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">The Dinar will reval not only upon upon the GDP/GNP but also by political & financial contrivances. IOWs, meaning, printed currency treated as a ‘Bond’ via The Federal Reserve. Americans were given the opportunity to hold the dinar just as if they were Iraqi citizens by a Presidential Executive Order in 2003. This in no way, is similar to purchasing currency as an investment by normal protocol, when in other nation states the currency is already pegged to their GDP/GNP. Americans purchased the IQD within a ‘controlled’ state. The current note inventory of IQD is no where near 30 trillion dinars which many point to on the m2. The 30 trillion represents value and not note inventory. So when people compare 20 billion for Kuwait to 30 trillion Iraq one must demarcate<br style="border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">if it is value or note inventory. The M1 refers best to note inventory. The best that I can glean about the Iraq note inventory, is approximately 5 trillion which is still up there. But remember they spent $1.5 Billion/Month in repurchasing the IQD beginning in 2008. The value of the IQD has appreciated in a ‘controlled’ state since 2003 when it was introduced. It has been 8 long years for some and 6 long years for me waiting for the Dinar to be pegged to their GDP/GNP ~ but it is still in a state of flux. Iraq since June 2011 has been rapidly approaching their own sovereignty and soon to be on the WTO with their currency. So back to the ‘Bond’ type scenario of #2. Its my opinion, that even though Iraq itself may not be able to justify a higher than what we would consider a ‘reasonable’ reval, I think with the assistance of the Federal Reserve we will see just that. Its my belief that the Fed Reserve itself wants to see a higher than usual reval. Some reasons are to discourage corporate hoarding of the Dinar when they are alerted to a lower but substantial reval. Another reason is to prevent double dipping upon their economy, IOWs by exploiting Iraq’s resources at increased but low expenses after its full reinstatement into the world economy. The Fed Reserve wants to shut out other competition, but enough so to still allow growth. This is why they want the IQD revalued high ‘to lock in’ their investment into Iraq. The Presidential E.O. is an obligation. The Fed Reserve will repurchase our IQDs with their printed money and will hold those IQDs in their vaults as a form of IOUs that Iraq will have to pay off. While the Fed Reserve waits for Iraq to do so, The Fed Reserve can exert extreme power over Iraq as a debt holder ~ they want to be assured that they are calling the shots in the world economy and that Iraq does not get too big for their britches. This was done to India, Argentina, Israel, Spain, Greece etc. The Fed Reserve will control nation state sovereignty via finical contrivances. This is what is being down to the USA now. We are being flooded by indebtedness via the 2008 Wall Street bailout that has expanded from the $700 Billion TARP into a $12.8 Trillion Black Hole. USA has been flooded into subjugation to the Fed Reserve a private company owned by the Rothschilds. So in my opinion, the revalue will be high and will coinside with the devaluation of the USD. This scenario for a higher than usual reval on the IQD, is to indebt Iraq to The Fed Reserve who already holds dinars and started this process in 2003. Think of our investment in the IQD as a ‘bond’ that will be given a certain higher than usual reval out of the ‘controlled’ state. The Feds will simply print the money (U.S. taxpayers) will have to back and then the Fed Reserve will hold the dinars for the Iraqi taxpayers to back. Its a win win for the Fed Reserve, as all they do is print the money, set in motion the game, and its always the tax payer who must bring value to the printed money. Presently, most of the dinars are held by banks , corporations, a few Iraq citizens and only about 3% of IQD note inventory are held by American Citizens. So it is quit doable. Who controls all the banks in the end? The Fed Reserve aka; Rothschild. If scenario #2 just doesn’t fly with you, ask yourself how in the world did The Fed Reserve sink The USA from $700 Billion Tarp to $12.8 Trillion in less than 3 years? http://www.pbs.org/wnet/need-to-know/economy/the-true-cost-of-the-bank-bailout/3309/

I feel that the dinar will be revalued higher than what we would could consider 'reasonable'. Reasons are: Most nation states are already invested into Iraq (benefit from the revalue). Most of these nation states have allowed debt forgiveness. I am under the impression that the banking cabalists are pushing for Iraq to be the center of the Middle East. Another reason is to deter 'other' corporate investors upon the signal of a lower reval causing them to hoard the dinar 'if no law preventing the same. I also feel that the Federal Reserve has or will have plenty of printed money to buy back the dinar from us through agreements with U.S. Banks. IOWs, Our Dinars to the Fed Reserve will be seen as a 'bond' of sorts over Iraq. True they already have plenty of dinars in their vaults - but ours was by presidential order and was a 'token' appeasement for the war. This process will satisfy those who say Iraq does not have enough money to establish a higher reval. To me this is one extraordinary situation as I do not believe this reval will by any stretch of the imagination be like others.

Your question was answered in part with regards to the buying back at the rate of $1.5 Billion USD/Month of Dinars. 1) In my preceding post I copied and pasted the article from the New York Times. Within this article it states [buy back] accomplished by Oil Windfall based upon the value of USD. Iraq used the oil revenues received in USD to also buy U.S. T-Bills. Here is the repost of the New york Times article: Massive Buying of $1 to $1.5 Billion USD Dinars from the open market Iraq is prospering due to the Global Recession. No wonder big money is moving their revenue to other countries as U.S. Stocks plummet. Iraq is amazingly prospering from this as their currency under 'tight monetary' policy is immune to the recession as it is not tied to their GDP or GNP nor the WTO. It doesn't take a rocket scientist to realize that the buy-back and contemporaneous valuation of the Dinar are not tied together due to the IMF/Government/CBI mandated 'tight monetary policy'. The Dinar is purposefully undervalued due to the aggressive tight monetary policy until infrastructure gets up and running smoother. They simply do not want to risk the chance of run away inflation like East Germany experienced after the close of WWII. So unless the world comes to an end, imo, one is buying undervalued Dinars by Presidential Executive Order. This is further collaborated by economists and this NYT article which speaks of rates within the 'open economy'. The 'LEVER' for holding Inflation down post War is [bUY BACK] and [tight monetary policy]. The NYT Article is below: By STEPHEN FARRELL and RICHARD A. OPPEL Jr. Published: June 21, 2008 Page 3 ........rate might be a good deal higher without the central bank’s aggressive policies. The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. This is the main lever for controlling consumer prices, said Mr. Kasim............... [inflation at this time remember was at 16%] 2) I have studied the M0 - M1 - M2. You really need the M0 or MB if you want to know how many dinar notes there are in the wild. The increase you are seeing, is based upon the exchange rate and not "actual" dinar note quantity. In other words, as line 3 (exchange rate 2004 was at 2214 ID per USD) becomes smaller The M2 in turn shows the increase in value. M2 is quite broad in definition and is used to calculate inflation. Today's 'money base multiplier' is about as low as it was in 2008-2009 when they did the massive dinar buy back.

Iraq has been buying back the dinar at a maximum rate of $1.5 Billion/Month and this rate does fluctuate. See: New York Times By STEPHEN FARRELL and RICHARD A. OPPEL Jr. Published: June 21, 2008 Page 3 ........rate might be a good deal higher without the central bank’s aggressive policies. The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. This is the main lever for controlling consumer prices, said Mr. Kasim............... We have reports (maybe just propaganda) that states there are 5T Quantity of dinar notes that equal 29T in USD value. This value is of course an arbitrary value but it was used for the auctions to generate further revenue to buy back. For all practical purposes the 29T (arbitrary value) is one of debt! Remember, these figures have all been used in other (debt forgiveness) by nation states, has been used as (promissory), and if Iraq is to receive (lower denominations), there is no possibility of a LOP on upper currency (3 zero currency). So lets get back to this arbitrary .00086 value the alleged total to 29T (I believe it is much lower), but for all practical purposes, it might as well be 100T. That said, how does one reconcile a value of 29T and was that done on purpose, IOWs, did the IMF (Rothschild) really want it this way? I believe the answer is YES! The Billion dollar buyback of Dinar by the Oil Windfall of 2008 gives credence to no currency LOP. Even if one has read it some where (I would regard it as made up on a fraud site that looks official). OK The USA is in Debt by $14.2T and Obama has turned off the oil spigots [for now] even (though the U.S. has the largest reserves tapped untapped in the world). This will come in handy after Iraq flourishes and begins to recede - then the USA will be back on the radar if these NWO guys have their way. But most importantly, the banking cartel wants to subjugate/in-debt Iraq (just like they are doing to Greece and have done to USA through derivative credit mortgages) to their coffers - because there is a lot of wealth and Iraq must be controlled (as not to turn into a super military runaway power - thats the USA's job). To subjugate: Gee 29T sounds like a pretty nice figure to pay back ) Therefore continuing on - This 29T debt can be used by Rothschild's IMF for ponzi scheme purposes to in-debt Iraq to their banking cartel. It will work something like this. No matter what the exact figures are between Quantity (5T) and Value (29T) , I do believe lower denoms will be introduced for ease of accounting purposes. Iraq is at this juncture of increasing civil unrest and Saudi Arabi just pacified their population with a HUGE windfall to each and every citizen (Saudi Arabia has a stable monetary system). Further, this is a good time to set the revalue to the USD (trigger point is new lower denoms) which is going down but will not crash. So, with the 10% of quantity higher denoms (those with 3 zeros) they will be the instrument of injecting the lower denoms into the economy. (approximately 2% are USA Investors and 8% are banks and Iraqi citizens). Remember, the Iraqi citizen has for all practical purposes very little dinar ownership presently. But to 29Trillion? YES! or a little less if it is $.86 or a little higher if it is $1.17. Within the scope of 2% is where (the individual dinar holder is in the USA) and this is regarded as an investment allowed by Presidential Executive Order. I'm not sure yet how the exchange will be between U.S. Bank To U.S. Treasury and then back to Iraq. I'm just thinking out loud here, but this angle has been on my mind )

Correction on 25k - it should be 250 - 100 dinar noted

Your post was all about an RV. Cost of goods etc. went from .00086 to .86. This is simply based upon the fact that when the lower denoms are introduced The new denoms and goods must both reflect 3 less zeros. This is not true of the remaining higher denoms which will coexist until siphoned out. Anyone in Iraq who has the higher denoms will have higher purchasing power Because goods will be based upon equal footing with the new lower denoms. If cost of goods remained the same, then it would take wheels barrels full of One Dinars to buy a coke. Iraq has done the best they could at buying back the higher denoms, that being About 90% with 10% remaing. Iraq must move forward with lower denoms and time is now the issue. So for the most part, the new lower denoms will be valuated by the remaing 10% upper denoms. In other words, the upper denoms Will purchase corresponding amount of lower denoms at the bank. The 25k will be retired and 25 - 100 dinar notes will be introduced via that particular person.

U.S. State Department ~ Iraq June 3, 2011