IQD1217

I think it's good brings down the money supply , they have tons of reserve 's oil, gold hard currency to back it up .. Don't forget they are purposely keeping the rate down !! The 1166 isn't the true rate .. It's all a well originzied plan

He explained: to delete the zeros him Fouad on the country, which will reduce the money supply The Key words"reduce the money supply" Makes the value of the dinar go up!! Hello

Delete the zero's , don't delete the zero's!! It's on it's off !! Gota love these guys ..

It's kind of funny how these articles come out the dinar is down the Dinar is up !! What games they play love it !!

BAGHDAD / NINA / The MP, of the Kurdistan Alliance, Mohsen Saadoun confirmed that ” the heads of political blocs agreed to pass important laws in the next few days,” noting that” the heads of political blocs did not show an objection to any law put in their meeting with the Presidency of the Council of Representatives. “ He said in a statement to the National Iraqi News Agency / NINA / “The meeting of heads of political blocs with the Presidency of the Council of Representatives, which was held yesterday, led to the agreement to pass some important and disputed laws in one basket deal and including other important laws on the agenda, according to legislative and legal mechanisms, but individually, from next Monday. “ He noted, “We have agreed on a bill of the Federal Council to a second reading, as well as amending one paragraph in the law of the Federal Court and then present it to the House of Representatives for the purpose of reading and voting.” He explained, “Another meeting will be held today for the heads of political blocs with the Presidency of the Council of Representatives, to resolve some of the outstanding issues in some important and disputed laws.” http://bit.ly/12IOifc

Director of the Central Bank of Abdul Basit Turki during the opening of the Financial Control Directorate building in Karbala Central Bank: precautions reached (76) billion dollars out of Chapter VII will give us the freedom to attract investment 7/3/2013, 14:38 The Central Bank of Iraq, on Wednesday, that Iraq is “in control of the funds and treasury of gold” in international banks, one of the acting out, denying “the existence of frozen funds outside the control of the Iraqi administration,” While revealed that the reserve bank amounted to 76 billion dollars in last May, counting out of Chapter VII that “will allow Iraq to act more freedom to attract foreign investment.” The head of the Office of Financial Supervision and the Governor of the Central Bank and Agency Abdul Basit Turki Sabri, in an interview to a number of media, including (range Press), on the sidelines of the opening of Building Directorate of financial control in the province of Karbala, and the presence of the Governor Aqeel Turaihi and a number of local officials, said that “the building The new Directorate carried out in a manner direct implementation by the engineering and technical cadres of the Federal Audit Court, “noting that” the BSA seeks to create a training and rehabilitation centers in all provinces for the development of accounting and control capabilities for all government employees. “ The newborn to “talk about the existence of frozen funds for Iraq outside the control of the Iraqi administration is not accurate,” adding that “all Iraqi funds abroad are being diverted down according to the international resolution to the account of the international filing of the Central Bank of Iraq, one of the acting out.” He said the central bank governor and the agency, “The Iraqi gold stocks, it does not exceed 10% of the components of the Iraqi reserves,” pointing out that “deposited with the Bank for International Settlements and managed by him in his capacity as an agent for the Central Bank of Iraq.” He revealed Sabri that “the size of reserves Central Bank of Iraq until the month of May 2013 amounted to about 76 billion U.S. dollars,” explaining that “Iraq’s budget heading toward the rise during this period,” pointing out that “the Iraqi Ministry of Finance has a reserve and roundish and revenues separate from the bank Central تكفيها even though the budget implemented by (100%). “ He said the central bank governor that the agency “out of Iraq from Chapter VII will allow us freedom of action and more flexibility in the process of attracting foreign investments and create a suitable atmosphere to hold agreements Iinaah with Arab and foreign countries without international intervention and internationalist.” The International Monetary Fund, announced in the (March 23, 2013), that the funds preventive in the Development Fund for Iraq rose in 2012 to $ 18 billion, and cash reserves of the Central Bank of hard currency to $ 70 billion, and pointed out that this increase came from “revenue unexpected oil “, called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for Iraq to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues. The U.S. development agency predicted in (December 3, 2012) that leads the Iraqi economy, the Arab countries within five years, stressing that Iraq possessed all the qualifications to be an economically strong state. Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry especially oil, including housing and oil and gas extraction, for the need of funds for infrastructure development and reconstruction, but Mariqben contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees for investors and the absence of Other laws are still obstacles to the evolution of the economy in the form required. Iraq relies which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about two million and 900 thousand barrels per day, while the issue up to two million and 200 thousand barrels per day. http://bit.ly/17VZ0nr

It's werid that they came out and said they delayed the deletion of the zeros!! Of course they won't tell us when !! I think things will speed up now that they are out of chapter 7!! HCL will be passed soon then the formation of the government , national meeting .. Then RV!!

9/14/2010 Flashback Sept 14, 2010: The CBI is ready... Economic expert called for increased funds in central bank dollar and the reduction of import commodity because of its link the issue of the deletion of zeros. Mahouelle’s (Citizen): The process of deletion must be matched by the power of currency Said Dr Issam Mahouelle’s (Citizen) said yesterday that the process of deleting the zeros must be offset by increasing the power of the local currency to be considered at the highest levels of accuracy in choosing the appropriate time to inject a new currency. Stressing that the issue is not the issue, but delete the zeros is the issue of currency of a country which can raise the value through the revitalization of internal and external trade balances and increase the dollar and the reduction of import. The Central Bank of Iraq has affirmed its readiness to delete the zeros from the currency after the formation of the government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the past formed a cluster of large cash amounted to 27 trillion Iraqi dinars. The adviser said the Iraqi Central Bank Governor appearance of Mohammed Salih in an interview with “Alsumaria News”, “The zeros that are added to the Iraqi currency, during the last period, formed a cluster of large cash amounting to more than four trillion paper money, financial value amounted to 27 trillion Iraqi dinars, after that was 25 billion dinars in 1980, “noting that” Iraq is unable to manage this block because it is a small country where the large number of funds that traded on the Iraqi market has led to confusion in transactions for large commercial banks and in the work. “ The Iraq and gradually the issuance of new banknotes after 1991 when it began currencies are scarce in the Iraqi market for several reasons, most notably the high demand for them to meet the buying and selling as well as the smuggling of currency abroad, and to the north of Iraq, which split its time for the central administration, which made the Iraqi government allows Central Bank of printing new banknotes to meet the local need, and continued the process of lifting of the zeroes of the dinar to beyond 2003 through the issuance of a class of cash amounting to 25 thousand dinars. Saleh added that “the Bank has fully prepared to delete the zeros of the Iraqi dinar, once forming the Iraqi government,” noting that “the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management from the core work and to delete the zeros is one of the strategic functions of the Central Bank of Iraq. “ Saleh pointed out that “the Bank was able, during the last term, to reduce the level of inflation to the level of one decimal place, after more than twenty years,” noting that “Iraq has managed for the first time to reduce inflation to 3%, which reflects the success of the policy of the country’s monetary” . For his part, said economic expert on behalf of Jamil Antoine in an interview for “Alsumaria News”, “Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar,” noting that “the deletion of zeros needed to stabilize the security and political, as well as economic stability.” Antoine said that “the central bank by seeking to delete the zeros of the Iraqi dinar is designed to give moral force, not physical strength of the dinar,” noting that “the deletion of zeros needed to create and cultural awareness for the Iraqi people and the Iraqi market.” The CBI, with headquarters in Baghdad, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, and founded the bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, and is responsible for the maintenance of price stability and the implementation of monetary policy, including policies, prices exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector. http://wp.me/pZC7o-1qk This article says they won't delete the zeros until the government is formed , funny the article today is very similar. Remember when shab's said we need the government formed when he was in charge !! Guess we will have to wait for that to happen until the RV!!!

It's funny the reserves 80B , no it's 72B .. Etc,

9/14/2010 Economic expert called for increased funds in central bank dollar and the reduction of import commodity because of its link the issue of the deletion of zeros. Mahouelle’s (Citizen): The process of deletion must be matched by the power of currency Said Dr Issam Mahouelle’s (Citizen) said yesterday that the process of deleting the zeros must be offset by increasing the power of the local currency to be considered at the highest levels of accuracy in choosing the appropriate time to inject a new currency. Stressing that the issue is not the issue, but delete the zeros is the issue of currency of a country which can raise the value through the revitalization of internal and external trade balances and increase the dollar and the reduction of import. The Central Bank of Iraq has affirmed its readiness to delete the zeros from the currency after the formation of the government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the past formed a cluster of large cash amounted to 27 trillion Iraqi dinars. The adviser said the Iraqi Central Bank Governor appearance of Mohammed Salih in an interview with “Alsumaria News”, “The zeros that are added to the Iraqi currency, during the last period, formed a cluster of large cash amounting to more than four trillion paper money, financial value amounted to 27 trillion Iraqi dinars, after that was 25 billion dinars in 1980, “noting that” Iraq is unable to manage this block because it is a small country where the large number of funds that traded on the Iraqi market has led to confusion in transactions for large commercial banks and in the work. “ The Iraq and gradually the issuance of new banknotes after 1991 when it began currencies are scarce in the Iraqi market for several reasons, most notably the high demand for them to meet the buying and selling as well as the smuggling of currency abroad, and to the north of Iraq, which split its time for the central administration, which made the Iraqi government allows Central Bank of printing new banknotes to meet the local need, and continued the process of lifting of the zeroes of the dinar to beyond 2003 through the issuance of a class of cash amounting to 25 thousand dinars. Saleh added that “the Bank has fully prepared to delete the zeros of the Iraqi dinar, once forming the Iraqi government,” noting that “the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management from the core work and to delete the zeros is one of the strategic functions of the Central Bank of Iraq. “ Saleh pointed out that “the Bank was able, during the last term, to reduce the level of inflation to the level of one decimal place, after more than twenty years,” noting that “Iraq has managed for the first time to reduce inflation to 3%, which reflects the success of the policy of the country’s monetary” . For his part, said economic expert on behalf of Jamil Antoine in an interview for “Alsumaria News”, “Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar,” noting that “the deletion of zeros needed to stabilize the security and political, as well as economic stability.” Antoine said that “the central bank by seeking to delete the zeros of the Iraqi dinar is designed to give moral force, not physical strength of the dinar,” noting that “the deletion of zeros needed to create and cultural awareness for the Iraqi people and the Iraqi market.” The CBI, with headquarters in Baghdad, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, and founded the bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, and is responsible for the maintenance of price stability and the implementation of monetary policy, including policies, prices exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector. http://wp.me/pZC7o-1qk

CBI: The end of 2012 will see the currency exchange Posted: January 8, 2012 in Iraqi Dinar/Politics, Top Headlines Tags: Baghdad, Central bank, Central Bank Iraq, exchange rate, Iraq, Iraqi dinar, Supply and demand, United States dollar On: Sun 08/01/2012 18:10 Iraq will not use the dinar in the sales of oil citizen – the follow-up denied the Central Bank of Iraq and there are efforts to use the dinar in the sales of some of the oil exports of the country, because the «market speculators will buy the dinar to sell to countries dealing with the country’s oil, and we will enter into a whirlpool of speculation in the dinar, and we are already to reduce inflation, which has suffered monetary Ktltna ». The Vice-Governor of the Bank Mazhar Mohammad Saleh said that countries that have turned their currencies to the international currency has a very strong economy, such as the European Union, China, Japan and the United States. The Iraq covering the dinar in hard currency through the credits worth $ 53 billion. and the project to delete three zeros from the dinar, Saleh said that «the central bank ended the preparations for the replacement process end of the year», pointing out that «dinar witnessed the first process of replacing a successful 2004, when Replace more than six trillion dinars Bdnanar new and is expected to begin the process of replacement of a second after the removal of three zeros end of this year, and this will be decided by the government ». The size of the Iraqi currency traded locally about 33 trillion dinars, after he was no more than six trillion in 2003, by banks, to 70 per cent of the money supply. Salih stressed that auction the central bank sold $ 40 billion over the past year, pointing out that «the auction is one of the most important means of monetary policy shift in which oil revenues to the liquidity of local insurance requirements of government budgets, as well to the control of the dinar exchange rate and reducing inflation ». He said, «Central will be obliged to issue a block additional cash during the current year, due to the increased size of the budget, and this means insurance reserves an additional hard currency, which is normal with overall economic growth of the country». He explained that Central Bank is obliged offering larger quantities of the dollar through auction the higher government expenditures denominated in dinars, as 60 per cent of the proceeds of the sale go expenses-governmental organizations, and the remaining are for the benefit of the private sector, and expected to increase demand for the dollar in the current year because of the adoption by the Government budget is the highest in the history of the country. The government decided to cut the budget this year of $ 115 billion to 100 billion, based on the price of a barrel of oil equals $ 85, and a deficit of $ 14 billion would be covered through internal and external borrowing from the IMF and World Bank. The volume of trade State of Iraq in the last year, according to the benefit of $ 46 billion, two-thirds of the private sector. It is noteworthy that the Iraqis would prefer to deal in dollars because of the low value of the dinar, as the value of the banknote the same category Top 25 thousand dinars (equivalent to $ 20). to that, the Central Bank that will support the opening of the Rafidain and Rasheed in the Kurdistan region, stressing that he had not received any formal request so far on the subject of the Departments of the two banks. Salih said (Rn) that »the CBI supports the opening of branches of the Rafidain and Rasheed in the Kurdistan region that it will support Autism financial market in general». Saleh pointed out that «the banking market is not adversely affected by administrative boundaries, and the opening of branches of the Rafidain and Rasheed in the Kurdistan region will stimulate bank transactions and boost the economy in the country ». Saleh added by saying that «the central bank waiting to provide Departments of Rafidain and Rasheed wrote a formal request through the approval to open branches in the Kurdistan region». The Iraqi Ministry of Finance had announced earlier that it is serious in opening branches of the bank Rafidain and Rasheed in the Kurdistan region, noting that he will be able to staff in the province pull advances the property of those branches. and according to statistics released by the Iraqi Ministry of Finance recently, there are 25 banks waged, and five state banks in Iraq , and most of those five is the Rafidain banks, which has 190 branches in all provinces and abroad, except for the Kurdistan region in addition to the Rasheed Bank, which has 150 branches in and outside the Kurdistan region of Iraq, except to the bank’s real estate, agricultural and industrial. http://bit.ly/wCqeHC Here an old article ..

They are not going to loop!! The whole point of CBI as they stated before is to bring down the amount of dinar down to 30B from 33trillion. They want to get rid of the bigger bills so when you buy a can of soda you don't go in there with a 10,000 dinar .. They want it to be like it is Here in the US .. And they way to do that is to reduce the amount of currency that is out there in dinar and raise the value. If there is less bills out there it's worth more!! Eventually they want the smaller bills like $1,$5,$10 etc.. You can't do that now it isn't worth hardly anything .. You think Citibank would be opening up in Iraq to make nothing .. Come on

It's smart everyone makes money , Citibank is there now, more companies will go to invest where there are major companies that they can trust!! It will only get better . ISX entering agreement with NASDAQ . This is just the beging !! GDP over 10 come on its right in front of us

The ministry of planning said they want it to come out around $1.13 , there is no way it will come out over $2 .. Everyone would cash in and Iraq would not be able to build their infrastructure !!! Who would invest ? Everyone needs to understand that they are doing everything they set out to do.. Just takes time .. It will be we'll worth the wait , I've been in this for over 7 years and its all coming together!!

The central bank said they want to get the dinar from 33 trillion to 30 billion . It's all a process but its coming together . They need to bring the money supply down before a RV !! Until then no RV!!

Step bye Step we are getting ready to cross the finish line!! Good news every day !! Almost there

I wish they were big money bags lol !! It's a great day for our investment we have to hang on things should speed up now !!

If Iraq RV'S then they will pay Kuwait in full IMO they don't have to wait until 2015!! Then there will be no restrictions ! They will have tons of

We are almost 12hrs away from UN Meeting to vote on chapter 7 release...if all goes well it should be likea freight train to getting the HCL done,Seat the government and have the national meeting.. Heck they already have plans for fireworks!!! I think 2013 will be the year for the RV , but not till all the above is done IMO!! Shall we place are bets ? I say before the end of this year between sept and nov!!

Senior source in the Foreign alludes to the approval of the Security Council to lift the seventh item on Iraq 27/06/2013 Hinted a senior source in the Foreign Ministry, to that five member states in the Security Council, and agreed to lift the seventh item on Iraq. The source told the secrets news / not /, that “there are indications that the consent of both America and Britain, Russia, China and France to lift the seventh item on Iraq.” He added, “The lifting of the seventh item on Iraq would have a positive effect in all joints of the Iraqi state, and in its domestic and foreign policies.” He explained, “The system of the UN Security Council stipulates that any decision is not agreed upon between the five member states do not recognize.” It is scheduled to vote on lifting the seventh item on Iraq, on the 27th of the current month within the UN Security Council. The UN Secretary-General Ban Ki-moon, lifting his report to the Security Council, which provided for Iraq to fulfill all its obligations towards Kuwait. The Kuwaiti file, the file is more important in the seventh item that Iraq committed a series of commitments towards Kuwait, mainly pay war Taweidan order Previous against it, which amounted to tens of billions http://translate.googleusercontent.com/translate_c?depth=2&ei=WokBTPOiJZX4Na-tsTs&hl=en&nv=1&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&sl=ar&u=http://sna-news.net/index.php%3Faa%3Dnews%26id22%3D7648&usg=ALkJrhghJWGb5ANCgvEZsiE802y8C4IkYA

Remember when the CBI said it will have over $80B in reserves not to long ago by the end of July .. They because they knew they were getting out of chapter 7 and the DFI funds would be transferred over to them..

IMF Mission Concludes Article IV Discussions with Iraq Press Release No. 13/87 March 21, 2013 An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion. The IMF mission met with the Acting Minister of Finance, the Acting Governor of the Central Bank of Iraq (CBI), head of the Board of Supreme Audit, AbdulBasit Al Turki Said, and other Iraqi officials from the ministries of finance, planning, and oil, and representatives from the Central Bank and the Board of Supreme Audit. The team also met with representatives from the Iraqi banking and business community. At the conclusion of the mission, Mr. Sdralevich made the following statement: “Following the recent expiration of the Stand-By Arrangement with Iraq approved in 2010, the IMF is committed to continue close collaboration with Iraq to support its development and help the government improve the social conditions and employment opportunities of Iraqi citizens. “Despite a difficult security and political environment, Iraq managed to maintain macroeconomic stability over the past two years. On the back of rising oil production and robust non-oil activity, economic growth has remained strong at about 8 percent in 2012. We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013. In 2012, inflation was contained at 6 percent, and we project it to decline slightly next year. On account of strong oil proceeds, CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion. “While we welcome the achievement of a budget surplus of about 4 percent of GDP in 2012, largely due higher-than expected oil revenues, the execution of the 2013 budget should be aligned with available financing and provide for the accumulation of adequate fiscal buffers in the DFI, which suggests to target a budget surplus in 2013. Public financial management should be strengthened, notably by phasing out off-budgetary spending practices and reliance on state-owned bank financing to support public enterprises. Approval of additional spending commitments during the fiscal year should also be avoided. “Financial sector policies are improving, but more remains to be done. The CBI’s ongoing efforts to refine monetary policy instruments, strengthen banking supervision, and accelerate the restructuring of the banking system are crucial. In this respect, the recent steps to clean up the balance sheets of Rasheed and Rafidain in preparation for their restructuring and recapitalization are key. The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year. “Iraq will need to address serious medium-term challenges in order to be able to create the conditions for high and sustainable growth that is necessary to improve the living standards of its people. The economy continues to suffer from severe structural weaknesses such as a small nonoil sector, high unemployment, public sector dominance, and a weak business environment. In this context, we discussed the role of economic policies in leveraging Iraq’s potential and creating an enabling environment. “With regard to the fiscal sector, the budget must be managed carefully to maintain macroeconomic stability, meet Iraq’s large social and investment needs while continuing to accumulate buffers to address oil market volatility, and ensure medium-term fiscal sustainability. At the same time, Iraq needs to strengthen fiscal institutions and public financial management to make sure that the large oil revenues are used effectively and transparently. “Developing a stronger financial sector development will require moving away from the current model in which weak state-owned banks dominate the financial sector and enjoy favorable treatment vis-a-vis private banks. A solid banking system that can support growth and employment will require the full financial and operational restructuring of state-owned banks and creating a level playing field for both private and public banks. “Finally, while oil-growth is projected to remain high over the coming years, boosting non-oil private sector growth will need a long-term government strategy centered on improving the business environment and opening up opportunities for the private sector.” http://www.imf.org/external/np/sec/pr/2013/pr1387.htm

The other thing you have to remember is they aren't going to tell you when and what rate.. they will just do it!! It would be like insider trading if they said ok its $1. and july 13 , 2013...

awesome!! lot's of good articles!!

http://en.wikipedia.org/wiki/Sanctions_against_Iraq