drc85260

I agree, this is for the secondary markets only. If it said the CBI was to match the rate of the secondary market then that would be something to be excited about.This solidifies the 1166 rate...sorry

and the rate did not change:(

Yes, It tells us that the long awaited rate change did not occur...so it is not good news:(

Why would 3 or 5 zeros matter after the decimal point? They are there because some of the other rates include the third decimal diget ...ie US dollar USD 1166.000 1164.000 Euro EUR 1519.881 1519.121 British pound GBP 1759.611 1758.731

Think about this. If Iraq comes in at 1:1 and cleans the USD off the streets, when they move it to 2:1 they will have DOUBLED their money and therefore PAID for the entire RV. AGAIN, they don't substantially CARE what's outside of Iraq. Read more: http://dinarvets.com/forums/index.php?/topic/142702-why-i-believe-it-will-rv-1-to-1/#ixzz2MWn1B6OC I am afraid you may be forgetting one important thing? If the IQD were to revalue at 1 to 1, how will they cover the expense of the outstanding currency, whatever number you choose. The US has a debt of 17 Trillionish and we are the richest country in the world and we can't pay it. How do you think a war torn country can pay for it? And don't tell me with oil, that will only cover a very little bit.

Firstly, Deleting the zeros is not a good thing for us...it means we are at revenue neutral or because we bought at such a high rate we lose money:( Secondly I think your "cousin" may have been misinformed? Central Bank announces Trath draft deletion of zeros at the request of the Parliament 12/09/2012 Central Bank announces Trath draft deletion of zeros at the request of the Parliament Iraq today / Baghdad Confirmed the CBI, that the project to delete the zeros from the currency will not be in the next year, at the request wait made ​​by specialized committees in Parliament. Said Iraqi Central Bank Governor agency Abdul Basit Turki, said that "تريثا occurred in the decision to delete the zeros and replace the currency, "noting that" the timing of the start of the implementation of the project has not been determined until today, but it will not be over the next year 2013. Turki added that "the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament called for the need to wait in the project, so as to provide appropriate time and circumstances." The Iraqi Council of Ministers decided, in (16 October 2012), the prime BSA Abdul Basit Turki tasks central bank governor agency, meanwhile, announced the Supreme Judicial Council, in (19 October 2012), for the issuance of an arrest warrant for former Fed governor and a number of officials in corruption cases. revealed Iraqi Central Bank Governor Sinan al-Shabibi issued an arrest warrant, the (November 6, 2012), on the detention of 20 employee of the bank, demanding release about them, also considered that the bank has refused the government's attempt to dispose of its reserves is the reason dispute, stressing that the policy inconsistent with the policy of the government in the fight against inflation. was Parliamentary Finance Committee suggested, on August 9, 2012, on the San Attorney Haitham al-Jubouri be direct delete zeros and the currency exchange during the month of July of next year, and as shown, the central bank has removed all fears, it confirmed that the government will support this project after providing Baijayate and disadvantages. A member of the Economic Commission parliamentary Hussein Mura'bi in (Sept. 23 2012), that the confusion in the monetary policy makes the country lose about eight million dollars a year, while warning that the issue of deletion zeros will facilitate the mafia money laundering steal billions without feeling state, called to examine the impact on the overall situation. accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed persecuting, blaming those entities responsible for exposing the interests of the country's financial risk. <a href="http://www.alrafedain.net/index.php?show=news&action=article&id=90944">source

2012-12-07 3:10 p.m. Author AN المالية النيابية: وفد من الاممالمتحدة للتحقيق في قضيةالبنك المركزي BAGHDAD / electronic integrity Revealed the Finance Committee in the Iraqi Council of Representatives, on the arrival of a delegation from the United Nations to Baghdad, to investigate corruption files in the central bank. A member of the Finance Committee Iraqi List MP Hassan Auzmn in a press statement that a delegation from the United Nations arrived in Baghdad during the past two days, adding that the delegation includes experts to investigate the cause of the central bank and corrupt files raised him, noting: that the delegation demanded the Iraqi government by providing names of involved corruption in the bank, and this has become the issue of an international bank. The Auzmn said: UN has the right to intervene in this case, for two reasons, first: that Iraq is still under Chapter VII. Second: Iraq from the participating countries to sign the International Convention for the fight against money laundering. SOURCE

Sunday, 12:59, December 8, 2012 Online Release BAGHDAD (Iba) .. www.ipairaq.com Warned economic analyst Ibrahim al-Mashhadani, from worsening and deteriorating political situation in Iraq, which will affect heavily on economic activity between the Territory and the center, noting that: worsening political situation threatens the country economic disaster as a result of disruption to Iraqi trader between the north and south and disrupting work most economic laws. Mashhadani said in a statement to Agence independent press (Iba) .. Saturday, "The policy intense expression of the economy and there is a dialectical relationship between politics and solid economy and the collapse of one of them will lead to the destruction of the other party, stressing: that the worsening political situation gives negative signals on the Iraqi economy. Confirmed: The movement of traders between the north, center and south will stop due to cut all roads and transportation and concentration of military blocs leads to stop the economic movement and prevents the merchant from the transfer of goods and commodities between north and south, adding: that all economic laws include all of Iraq from north to south and the worsening situation between Arbil and Baghdad leads to stop working with these laws and impenetrable due to the deteriorating political situation. He noted: that some economic projects linked Bechtel political replace doubt and is a good exploit the deteriorating situation to cover the reluctance and achieved a lot of profit, noting: that military activity Almtkl in the northern region and internal conflicts will affect the work of the executive and performance all ministries. He stressed: Sir according to constitutional articles will solve all internal differences, but the continuing violations of the laws threatens the country's civil war unthinkable. (End) SOURCE Related Keyword(s): Iraq News 0 Comments »

I missed what happened with Ki-Moons visit and Chapter 7?

I have a question to pose to the entire Dinar Community:Why does everyone use an Alias?What is everyone hiding?If you went to a financial planner and he used the name Sponge Bob would you have confidence in his ability?I think it is curious...Cheers,Spider Man

"as explained during his answers to the financial value of the dinar after the change will maintain its position fully".......lets hope so. I do not see anything to be "hopeful" for? as explained during his answers to the financial value of the dinar after the change will maintain its position fully, denying that you get some imbalances in the process transactional to banks and banks with customers who deposited their money before the deletion of zeros. Despite what was said in favor of the positives can be realized after the deletion, but the president of the Association of private banks Abdul Aziz Hassoun wondered about the feasibility of the change in value of financial standing after the deletion, saying at the same time: what will result from the deletion of zeros, from the comfort of the use of the currency, IF they revalue after the deletion of the zeros we will have a revenue neutral event Read more: http://dinarvets.com/forums/index.php?/topic/127497-heats-up-debate-on-the-process-of-deletion-of-zeros-from-the-currency/#ixzz25JmH6nqB

Why would a dealer buy our Dinar at 6 or $700 if they can not exchange it at the CBI? They would be stuck with it unless they "invest it" in the country. Which banks or Currency dealers (like American Express or Airport exchanges) can one cash in at?

Congress and the Senate are not obligated to adhere to the laws.....Here is a solution: Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling: "I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971 - before computers, e-mail, cell phones, etc. Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land - all because of public pressure. Warren Buffet is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise. In three days, most people in The United States of America will have the message. This is one idea that really should be passed around. Congressional Reform Act of 2012 1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they're out of office. 2. Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose. 3. Congress can purchase their own retirement plan, just as all Americans do. 4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%. 5. Congress loses their current health care system and participates in the same health care system as the American people. 6. Congress must equally abide by all laws they impose on the American people. 7. All contracts with past and present Congressmen/women are void effective 12/1/12. The American people did not make this contract with Congressmen/women. Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work. If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S. ) to receive the message. Don't you think it's time? THIS IS HOW YOU FIX CONGRESS! If you agree, pass it on. If not, delete.

"Presidential Order 13303: Allows US Citizens to invest in the New Iraq ." I am afraid this could mean "invest in the country only"...meaning that you have to spend your dinar there to rebuild the country.....not use it out of Iraq. That supports what the CBI law #32 says.

I believe the law they were talking about is #32 at the CBI site ( see below)...it was not this article. I couldn't copy and paste it because it is a PDF. Go to the CBI site / laws: http://cbi.iq/index.php?pid=LawsRegulations Section 7 Currency Article 32 It states that Banknotes are intended for circulation in Iraq...etc I believe that all Central banks create their currency for use in their country. Also we are already using it outside of Iraq. DrC

If 13303 Does indeed allows us to "invest" Iraq....then we are in a sense going to Iraq (in country) to cash in. i do not believe Iraq has enough liquidity (US dollars) to cover more than $66 billion worth...whetherif our treasurey exchanges it or we do directly. If an American were to go to Iraq to "invest" in their country using the dinar we bought outside of Iraq we would nelp build the infastructure and wealth of the war torn country. if Iraq thought this through to get investment there...it is brilliant. that also explains how companiies can go there and set up business. (Sorry for misprints...i typed this on my phone)

Perhaps that wouls be prudent to use the same photo??...What about the fact that he was in Kenya on the 9th?....not Iraq?

HHHmmmmmmmmm Here iis a link to the very same photo of Biden in Egypt? http://aaeakenya.blogspot.com/2010/06/vice-president-joe-biden-to-visit-kenya.html And here he is on the 9th in Kenya???? Vice President Joe Biden's motorcade en route to US Ambassador Michael Ranneberger's residence, Nairobi, Kenya, June 9, 2010. (Official White House Photo by David Lienemann) http://aaeakenya.blogspot.com/2010/06/vice-president-joe-biden-to-visit-kenya.html

THIS LIST OF BOZOS...THESE COCKROACHES It is pretty discouraging to see your disrespect for the Iraq people and still be hopeful that they will be your salvation and wind fall financial success?

Everyone has made some nice predictions...however without any logical back up? The simple fact is Iraq has a liability of some 32 Trillion dinar in circulation. In plain English a simple one to one exchange would mean that they would have to cover $32 Trillion. They have $62 Billion in reserves…The USA is one of the most powerful nations in the world and cannot cover a $17 Trillion debt…no less a war torn country still without basic needs like electricity, roads, water etc. Yes they have oil….at 2 million barrels a day x 365 days = $730,000,000 most of which is needed to run the country… still not enough? The only logical math is $.002 covered by the $62 Billion in reserves. If they want to get back to the pre war rate they have to L_ _ first and even at that they can only have a rate of $2.00. We all have to realize that the rhetoric we all heard several years ago was hype put out by the “Gurus” to sell massive amounts of Dinar at a $300 profit per million. However I still think that we can get a good return on our investment with a more realistic expectation. If any investor can make a 15 to 20 % ROI they are thrilled. Go Dinar!

Sorry, I was doing it in my head. Thank you for the correction. That makes $.06 even more of a stretch ...not to mention $1.00 to = 1 IQD. $.002 will make a million dinar worth $2,000 before taxes and conversion charges. Unless they can come up with another way to show equity/ assets the $60 Billion is what they have.

Well. I believe that a $.03 to .06 is realistic considering that they have a 30 Trillion liabillity to cover. The USA is one of the most established strongest nations in the world and we can't get out of a $17 Trillion debt. If Iraq has $60 Billion in assets with 30 Trillion in IQD out, that equates to a $.02 valuation.

HA....He also has said it will revalue between $.86 and $1.17 Not to mention..."Buy lower denoms" ...and open "Warka account" I rest my case DrC

I am afraid that is what they are saying:( raise the value to 1,000 then remove the zeros....the dinar will then be equal to the dollar. Unfortunately, then this will be a revenue neutral event. If 1 dinar equals $1 after the zeros are removed, then 1 Million dinar turns in to 1,000.