SSI

Actually, Rich served two tours in Iraq, purchased the new IQD just after it was released while he served there, and still talks to friends of his that are Iraqi citizens. I am not defending Rich's opinions or comments (even though I agree with much of what he says), but give Duckhead a break as he was politely trying to bring a little composure to this thread.

"I have read from a couple chat's that there will be a "in country revaluation first at a low rate of .86" or some ridiculous theory, (to draw in the large bills) and that it will increase after that. Wow, the lack of knowledge of how it works is in play here. They state that within days it will be some huge rate. Really?" Hey SteveL (that's right, you say I while I say L), you might as well be Okie's sister with your ridiculous prognostications of fantastic rates that will never be realized overnight. Oh, wait...you say that you and Rayford are always never wrong about dates and rates...when?...oh, yeah, I guess you forgot about "200% " sure about May 2011, "June is our month", "end of the road post #247", etc., etc., etc...does DB still give you commissions for pumping or are you still in denial about getting kickbacks? (even though Frank26 of ALL people admitted once that Ty paid commissions for site referrals). I guess Phoenix might as well be Wonderland and you're Alice so stay away from the cake and mushrooms until AFTER the RV.

"3-6-2012 Guru Breitling I am just as excited as you are, just cautious. We don't have to guess anymore. These guys are telling us this is going to happen. That's never happened before. You should be confused about dates, people don't know exact dates, there are confusing articles out there. We know what their target rate is - $1.17, we know what their end rate is - $3+, which is way down the road. " What is with these idiots?!? 1,170 dinars per dollar equals 0.0008547 dollars per dinar. Drop 3 zeroes from that rate and you get $0.8547 per singular dinar. You don't divide the current 1,170 by 1,000. That is pure ignorance!

1.17 dinar PER 1.0 USD?

My bad, as I had assumed that everyone reading my post would be able to acertain that I was merely interpreting the widespread (and inaccurate) $1.17 theory and not pontificating my own rate pronouncent. Hmmm...I guess I won't make that mistake again. Thank you!

It is NOT $1.17 USD. 1.170 dinars to 1.0 dollars means that the inverse actually is 1.0 dinars becomes 0.8547 dollars (1 / 1.17 = .8547). I strongly recommend ignoring any goob-roo that cannot fathom this simple exchange.

Good synopsis...from a Westerner's view. Centuries' worth of deep seeded hatred, war and disagreements will not, in our lifetime, be forsaken in favor of "what is best for their people".

I second that emotion!

No kidding! Maybe our govt can take notes on how to get things done in expedient fashion LOL!

"It is noteworthy that this escalation continued security since the beginning of the new year 2012 coincides with the survival of the security ministries vacant and the political crisis in the country" No kidding!!!!!!

Amen

"the reason for the delay came after a request from the Finance Committee to end the discussions concerning the draft budget law." There was just too much good news out there and Iraq just couldn't stand it, huh? I don't like comments like this coming from the Finance Committee.

No kidding! It appears as if they've finally reached the edge of the cliff and even THEY know it LOL!

More good work, Yota! All of the articles are consistent thus far with none yet mentioning a delay. I'm starting to believe they actually may do what they say for once!

Let it out, brother, it's OK. You've earned it after this ride!

You are exactly right. Working on President's Day has nothing to do with the RV, unfortunately. And as for what the average banker knows, my dad is a bank president on the local level and asks me for updates on the dinar about once a week LOL!

Right on, DH. It is Michelle and not Mike. BTW, Gonna be 75 this weekend, so you and JH might want to pack up and head down!

Greeting Members, First of all let me explain a few things. Many have asked (including DV'ers) why it is "Rays update by SteveI". Very simple, this is a forum where we share information regarding whom or where it comes from. Ray is a very close friend of mine and if you (DV'ers) are going to bash and trash someone, then it can be me.  Now moving forward and getting the minor details out of the way, I am not sure that most of you know that what is written in the true Arabic language and then translated via several different ways always comes out to be different. If you do not believe this, then go translate the very same article in several translators and you will see the difference. What we have to our advantage is not only our counter part partner in Iraq which reads and understand both and help us, Ray and all of his contacts do the same. So when I say that we compare notes (for the DV'ers) that trash us, here are some facts we can and will share. Without going in to a lot of details because Adam (not his real name on DV) has many employes in Iraq that read and speak both, we seem to be the first. Go figure? The format of this post will be as follows: we will post the true Arabic version, the translated version, and the actual version from an Arabic translator. Now the first of the three: بغداد(الاخبارية).. كشف نائب محافظ البنك المركزي مظهر محمد صالح عن وجود خواص أمان عالية وذات تقنية متطورة في العملة العراقية الجديدة بعد حذف الأصفار الثلاث منها.  وقال صالح (للوكالة الاخبارية للانباء) اليوم الثلاثاء: إن البنك المركزي وصل الى مراحل متقدمة من الاستعدادات اللوجستية المهمة لمشروع حذف الأصفار الثلاث من العملة وبعد استحصال الموافقة من الحكومة الاتحادية على تنفيذه سيكون العمل على نطاق أوسع كونه يعد مشروع ستراتيجي يهم عامة الشعب. وأوضح: أن في حال استحصال الموافقة على تنفيذ المشروع ستتم الاستعانة بشركات دعاية وإعلام لتوعية المواطنين وإعطاءهم التفاصيل الدقيقة لمشروع حذف الأصفار الثلاث وتجيبهم على جميع الأسئلة التي تخص ذلك المشروع. وأشار الى: أن العملة الجديدة ستكون عالمية المواصفات وذات تقنية عالية ومن الصعب جداً تزويرها لأنها تحوي على خواص أمنية كبيرة كونها ستطبع في مطابع دولية حديثة ومتخصصة لطباعة العملات. ووصف صالح: العملة بأنها سلعة ستراتيجية ولابد أن تحوي على مواصفات الطباعة العالمية وعلى شفرات متعددة وذلك حمايةً للأمن الوطني والقومي والاقتصادي كونها مورد الدولة./انتهى/8.د.س/ Actual link: http://www.ikhnews.c...view_33051.html ************************************************************************************************** OK now the translated version from Microsoft Translator: Baghdad (newsletter) ... Deputy Central Bank Governor Mohammad Saleh appearance of high security properties and advanced tech in new Iraqi currency after you delete the three zeros.  He said Saleh (News Agency news) on Tuesday said that the Central Bank has reached advanced stages of logistic preparations for the task to delete the three zeros from the project currency and after obtaining approval from the Federal Government on its implementation would work more widely as a public interest project staffers. He said that in the event of 18.8 implementation project will use propaganda and media companies to educate citizens and give precise details of the draft deleted three zeros and respond to them all questions specific to that project. Noted: that the new currency will be global specifications and high-tech and very difficult to forge because it contains significant security properties being printed in an international modern and specialized presses to print currency. Description: currency as a commodity strategy must contain print specifications and multiple blades and for the protection of national security and national economic being resource state. Actual Link: http://www.microsoft...view_33051.html ************************************************************************************************** Now here is where the differences comes into play. Here is the actual translation from the Arabic to the English version and it is so much powerful and accurate. ⁠Resized to 97% (was 745 x 504) - Click image to enlarge⁠ This translation is awesome. This is the best news yet. I cannot believe what they said. Please remain positive and let Iraq finish wrapping things up. Ray, thank you so much for all you do. Remember, "Silence is golden unless you can improve on it!" I hope you all have a great week and even better weekend. This coming Monday is a holiday for some so enjoy. See you all when I get back. God Bless you all and your families. Steve

Your intellect is obviously above that exhibited by most everyone else here. Thus, you have it figured out that the return of the dinar will be pennies on the dollar invested, if that. With that being said, why don't you do yourself a favor and spend your free time perusing analysis of investments with realistic, attainable returns? Seriously, this place is beneath you.

Now we know how long it takes to cash out LOL!

Oh my! Look at this lovely quote: "The QUICK implementation of Article 140, the OIL and GAS LAW, the Peshmerga question, and balance and PARTNERSHIP in the Iraqi GOVERNMENT, particularly in the SECURITY establishments are the main topics of the Kurdish paper,". Looks like we are quickly trying to get the HCL, the Erbil Agreement and the damn security ministers done all at once. And Who knew the word QUICK was even in those d-bags' vocabulary?!?

When that rate moved those four little "PIPs" I thought I was gonna have a stroke. One divided by 1170 equals 0.000854. And one divided by 1166 equals $0.000857. If they "remove the three zeroes" from the exchange rate, $0.000857 becomes 86 cents. And I remember Delta saying even last April that his CBI relative/contact told him the rate would originate at 86 cents per one dinar and rise from there. Everyone called him crazy, but it looks like he might have be on to something

Hey guys, the first line was the best one! "Ray and I have been comparing notes with our contacts..." Really?? I have never seen a SteveL update with anything but "RAY'S update" in the heading. I am 200% certain that SteveL had no notes from which a comparison could be made.

Yeah, I know of a certain bank president who says "I don't read all of those articles and stuff you send me, just tell me what's going on...".

Bankers know nothing...you're a "banker"...see where this is going? I'm surprised by your candor, but I guess I'll have to side with you old friend and concur!