katie45

Here is the entire Kap chat. You guys figure it out. Why is the currency reform is so important to Iraq?....Kap looks at the CBI, WTO and reasons why... 6/3/2012 In recent days we have seen numerious articles from the CBI about how “all prepartations are done” and that they want to the GOI and Council of Ministers to come onboard and support the CBIs plan. We are starting the see the tremendous burdon on Dr. Shabibi to take the dinar to an “international” level. That without his monetary reform, there is no WTO, no free market economy and limited economic improvement. The following quotes are from the WTO Handbook on accession. http://www.wto.org/english/thewto_e/acc_e/cbt_course_e/c5s2p2_e.htm “Applicants need to describe how their exchange rate is determined, whether their currency is convertible, whether foreign exchange is freely available for trade and payments purposes, whether any regulations exist relating to the retention of foreign currencies, or repatriation or surrender requirements. Applicants should also describe their balance of payments situation.” “While foreign exchange questions are within the jurisdiction of the IMF and trade policy questions within the competence of the WTO,128 foreign exchange questions and trade policy questions are interrelated. Of most direct relevance to the WTO is whether foreign exchange is freely available in payment for current account transactions, as exporters need to know how they will be paid.” “Working Parties have been careful to respect the competence of the IMF. While Members have demonstrated an interest in obtaining adequate information on all matters dealt with in this section, they have laid stress on issues of direct relevance to international trade. They have, for instance, focussed on knowing whether applicants are members of the IMF and whether they have accepted Article VIII of its Articles of Agreement which provides that “no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions”. “All Working Party Reports but one have been able to note, that the acceding government concerned is a member of the IMF and has accepted its Article VIII obligations.” Looking at the WTO accession articles also, we can see some great facts…These quotes come from a few articles that were found over the past few years… http://dinaralert.webs.com/apps/forums/topics/show/7751348-deputy-iraq-has-made-several-obstacles-away-from-the-world-trade-market “The winner (of the Agency news): The Iraq's accession to the WTO needs to stabilize the economic and political in the country, noting there are constraints have made Iraq away from her Ktzbzb the local currency against hard currencies as well as the lack of resolution of the project to delete the three zeroes from the currency.” http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Falmadapaper.net%2Fnews.php%3Faction%3Dview%26id%3D66420 “The WTO is made up of a coalition of countries, a global advanced in all fields of economic Kalsnaaah, agricultural, commercial, and the accession of Iraq to gain him the experience of those countries to develop its economy, adding that it would allow Iraq to deal with these countries and cooperation among themselves .” http://translate.google.com/translate?langpair=auto|en&u=http%3A%2F%2Fwww.alsabaah.com%2FArticleShow.aspx%3FID%3D26514 “The mayors of the country to hold a series of economic reforms that are imposed on countries wishing to enter into the membership of that organization as a condition for acceptance, including a comprehensive reform of the laws, customs, taxes and reform the system of banks and other economic laws, the other that can facilitate the process of accession to the WTO.” http://www.iraq-businessnews.com/?p=2436 ”The Iraqi committee gave its final results about the Iraqi acquisition of the membership in the World Trade,” The Economic Advisor in the Finance Ministry, Abdul Alim Kadhim, told The Independent National News Agency of Kurdistan (AK news) “The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country,” he added Here are three more from my archives. I don’t have the orginal link.. The net that “the World Trade Organization were previously wary of government plans to support the Iraqi dinar, and elevate it to a value of U.S. dollar and the high differential cash between them,” he said, adding that “Iraq has a good capacity to support the Iraqi dinar, which is qualified to be a member of organization that will support the trade in the country in a clear and consolidates the efforts of the government in the development of trade in the country. ” http://zzz.forum-motion.com/t12488-ministry-of-trade-bilateral-negotiations-to-join-the-world-trade-organization ------------------- He said the main duties of the task force are reducing the difference of value between Iraqi Dinar and US dollar and activating Iraq's private sector. http://zzz.forum-motion.com/t11288-iraq-wants-to-join-wto-monday-september-13th-2010-1141-am -------------------- "The Committee's main task is to seek to reduce the difference between the U.S. dollar and the Iraqi dinar, as well as activating the role of the private sector, commensurate with the efforts to develop the economy of the country." http://zzz.forum-motion.com/t11257-source-iraq-will-become-a-member-of-the-world-trade-organization-soon ------------------- “The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country,” he added http://zzz.forum-motion.com/t2441-iraq-needs-to-be-a-member-of-wto So what we can take from this is that there will be no WTO for Iraq until they get the currency more in line with the USD and accept the conditions of Article VIII of the IMF Guidelines. The good news is that we don’t have to concern ourselves with WTO as the currency reform will come prior. These are big hurdles for the CBI, but clearly in recent days, we can now see there significance of why Dr. Shabibi wants to move forward now. In fact this recent article even mentions why… Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar. The deputy governor of the Bank Mazhar Mohammad Saleh said that "the central bank began to apply the new strategy will emerge where the equation is equal dinar and the dollar if it is available the appropriate atmosphere." "The new strategy will work to increase the capacity of the dinar as a step in the way of fixing the financial system and stimulate the economy, Iraq and then proceed to delete the zeros of the project out an equation in which the dinar is equal to the dollar." Saleh explained that "this requires the availability of several factors Kalnhod the agricultural sector, industrial and services sector and investment." He said "the current situation cause for optimism about the future of the economy and the value of the currency and its purchasing power." http://translate.google.com/translate?hl=en&prev=hp&rurl=translate.google.com&sl=ar&tl=en&u=http://alforattv.net/index.php%3Fshow%3Dnews%26action%3Dcat%26id%3D23 And this article not only confirms the rate, but confirms what the WTO called for over 2 years ago. “Said the central bank to take new steps that will raise the value of Iraqi dinar against the dollar in the markets as a step in the way of reform of the financial system in Iraq and stimulate the economy, and move a project to delete the zeros of the exit equation equal to the Iraqi dinar with the dollar after the availability of factors Kalnhod the agricultural sector, industrial and services sector and investment .” http://translate.google.com/translate?hl=en&sl=ar&u=http://www.alfayhaa.tv/news/economy/82632.html&ei=yxLFT5f3D4mBgwfgzsH3CQ&sa=X&oi=translate&ct=result&resnum=10&ved=0CH8Q7gEwCTgU&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25AF%25D9%258A%25D9%2586%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2B%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%26start%3D20%26hl%3Den%26lr%3D%26sa%3DN%26biw%3D1280%26bih%3D614%26tbs%3Dqdr:d%26prmd%3Dimvns This article once again shows us the CBI is ready..In fact they say…”ready to begin” He noted the benefit "if the Commission met at any time and any decision to proceed has decided to delete the zeros of work, we are ready to begin." He stressed that "the deletion of zeros as a project and infrastructure and create the foundations of incomplete and concepts, which is different from issuing a new class of currency, with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State". He cautioned that "such a project needs to be concerted efforts of both the central bank, parliament, government, and the approval of the last two on the project is important for its success." http://translate.google.com/translate?hl=en&sl=ar&u=http://www.alaalem.com/index.php%3Faa%3Dnews%26id22%3D47589&ei=Fhi9T5PVCOOk6gHBorRW&sa=X&oi=translate&ct=result&resnum=5&ved=0CHkQ7gEwBA&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%2B%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25AF%25D9%258A%25D9%2586%25D8%25A7%25D8%25B1%26hl%3Den%26lr%3D%26tbs%3Dqdr:d%26prmd%3Dimvns And this final article quote shows us they are fully aware of the dangers of waiting on this project… “This requires us to accelerate the implementation of the project to delete the zeros, before of evil consequences.” http://translate.googleusercontent.com/translate_c?hl=en&langpair=ar|en&rurl=translate.go ogle.com&u=http://www.albayan.ae/economy/capital-markets/2012-05-29-1.1658612&usg=ALkJrhjb2RvcAbnnCirM9D8pgM9vLP7- Now we see the crossroads Iraq is at. The significance of the currency reform and the reason for the aggressive timeframe. We are very close. Kap

Good post. TY

Let's give them to Walkin he needs them. NWGUY, you get a free lap dance

Actually Walkin, your are wrong again. The advisory committee for the WTO did tell Iraq to get the dinar closer to the USD. I found the quote. “The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country,” he added The net that “the World Trade Organization were previously wary of government plans to support the Iraqi dinar, and elevate it to a value of U.S. dollar and the high differential cash between them,” he said, adding that “Iraq has a good capacity to support the Iraqi dinar, which is qualified to be a member of organization that will support the trade in the country in a clear and consolidates the efforts of the government in the development of trade in the country. ” Here is the name of the Kap chat... Why is the currency reform is so important to Iraq?....Kap looks at the CBI, WTO and reasons why... 6/3/2012

I want a section titled 'Dinar Comedians' At least then we can laugh.

Thanks for the post DT

I get these headlines in the DA emails. This is not even from Kaperoni, its from the site owner Admin-Bob.

your welcome Gina, SWFG

kaperoni: Today’s chat…"what’s gone wrong with the Iraqi economy?" seems appropriate as the recent articles show the failure to move to a free market economy, continued corruption, and a lack of progress to develop the agriculture, manufacturing, and financial markets…all keys to the success and revaluation of the dinar! kaperoni: Let’s get started…first article… kaperoni: Iraqi foreign exchange offices implicated in money laundering and smuggling - 9/8/2012 kaperoni: http://www.azzaman.com/english/?p=257 kaperoni: “Foreign exchange offices have become conduits for the smuggling and laundering of hard cash in the country, said Central Bank Governor Mudher Saleh.” kaperoni: And this one… kaperoni: “Most of these offices are run by people with influence in the state and senior politicians via their families and relatives,” said Saleh. kaperoni: So the CBI acknowledges that these money changers where corrupt. And they let them operate for how long? The questions is why? What is the trade off? They allowed them to operate because they're a part of the business that was legit and benefited the economy? kaperoni: Next article…. kaperoni: The Central Bank closed 190 banking offices for violating the legal requirements - 23/07/2012 kaperoni: http://translate.google.com/translate?hl=en&sl=ar&u=http://imn.iq/news/economics/&prev=/search%3Fq%3D%25D8%25AD%25D8%25B0%25D9%2581%2B%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%26start%3D20%26hl%3Den%26lr%3D%26sa%3DN%26biw%3D1280%26bih%3D614%26tbs%3Dqdr:d%26prmd%3Dimvns&sa=X&ei=VyMPUIuUEcSXqAH1toCYCA&ved=0CHMQ7gEwBTgU kaperoni: Quote… kaperoni: "the Bank closed 190 offices of the banking license, but it has violated the conditions of work and the legal owners of non-response increase their capital." kaperoni: Okay, so they got them on a technicality...lol. Of course they're not going to increase their capital...they're not a bank. They were simply currency exchange dealers making a profit off the spread. As well as funneling dollars illegally to Syria and Iran and other foreign countries. kaperoni: So did the CBI think they could do this and nobody would get pissed off? Or was it a calculated move? kaperoni: Let’s first look at the result of this action… kaperoni: Article… kaperoni: Maliki's coalition cites the accusations of the Iraqi Central Bank financing of terrorism and the Parliament is of an investigative committee - 9/8/2012 kaperoni: http://translate.googleusercontent.com/translate_c?langpair=ar|en&rurl=translate.google.com&u=http://www.altahreernews.com/inp/view.asp%3FID%3D10274&usg=ALkJrhieP07oTTRxJdd_PZmbE1xm18Q2ig kaperoni: Quote… kaperoni: “The coalition of "state law" led by Prime Minister Nuri al-Maliki, accused of influential political figures in the Central Bank to "smuggle ten million dollars a day to finance terrorism," warning of the collapse of the country's economy if the bank continued to sell $55 million annually. “ kaperoni: It is clear that ramifications of closing those exchange centers has worked its way up to Maliki. He once again is taking shots at the CBI. Next quote... kaperoni: “He favored member of the Finance Committee in the House of Representatives for "state law" Haitham Jubouri "dismissal of central bank governor Sinan Shabibi if proven guilty." kaperoni: And, once again, Maliki (through Jubouri) lashes out to get Shabibi removed from office….at the very least, an attempt to get him to tow the line. kaperoni: Next article… kaperoni: Central Bank denies accusations of his knowledge Jubouri - 8/9/2012 kaperoni: http://translate.google.com/translate?langpair=auto|en&u=http%3A%2F%2Furagency.net%2F kaperoni: Quote… kaperoni: “The deputy governor of the Central Bank of the appearance of Mohammed to the Agency (UR) "I do not know these charges we do not have an answer to her," adding that "the auction sale process is monitored by the Office of Financial Supervision." kaperoni: So there you have it. The CBI has a mechanism in place to monitor these auctions, and I suspect these charges are unfounded and simply Maliki's harassment. kaperoni: Now let’s look at this and see if it was a calculated move...a move in the direction of the RV. kaperoni: Next article… kaperoni: The Central Bank demanding the Government return to the Central if not absorb the market economy – 9/8/2012 kaperoni: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.alsumarianews.com%2Far%2F3%2F45927%2Fnews-details-.htmlkaperoni: Quote… kaperoni: Saleh said "the State must choose between returning to the central system of foreign trade finance for the private sector, through the federal budget by State banks with Shea of economic freedom or belief in the economic liberalism of the Bank Act after 2003, law on banks and companies and freedom of conversion". kaperoni: Here we have the CBI calling out the GOI. Either accept the free market economy and the benefits of that, or return to a central system in which the GOI would control all major sectors of the economy and formulates all decisions. In other words, enough stalling…enough procrastination...enough excuses! kaperoni: Now, lets go back to the first article… kaperoni: Iraqi foreign exchange offices implicated in money laundering and smuggling - 9/8/2012 kaperoni: Quote… kaperoni: “Saleh made the comments following reports that many Iraqis had started losing confidence in the local currency by exchanging their savings into dollars.” kaperoni: Well, well, want to collect 3-zero dinar? What better way than to instill a bit of fear? Then Saleh says this… kaperoni: “The dinar is losing ground to the greenback once again after a short period of prosperity.” kaperoni: I don’t know about you, but if this is a final push before to remove even more 3-zero dinars from the streets, I am convinced! kaperoni: Next article… kaperoni: Member of the Committee on economy: Central Bank officially informed the House ready for a project delete zeros ... The interception of a representative around it kaperoni: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.ikhnews.com%2Fnews_view_51330.html kaperoni: Quote… kaperoni: “on Tuesday that the Central Bank of Iraq sent a letter to the financial and economic committees in the House of representatives expressed its readiness to apply the draft three zeros from the currency be deleted during the next year and contains a detailed explanation of the project and implementation phases for the purpose of discussion in the House of representatives and a ceiling to be applied.” kaperoni: So here we see again that the CBI is ready. And this time they gave “detailed explanation of the project and implementation phases." This is clearly progress! And, IMO, tells us we are much closer to the RV than they are letting us believe. This kind of information must be well guarded. It is the plan! The CBI knows there are loose lips throughout the GOI. kaperoni: . Last article… kaperoni: Finance Committee suggest deleting the zeros and direct currency exchange in July of next year – 9/8/2012 kaperoni: http://www.alsumaria.tv/news/61290/%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%B1%D8%AC%D8%AD-%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D8%B4%D8%B1%D8%A9-%D8%A8%D8%AD%D8%B0%D9%81-%D8%A7%D9%84%D8%A3%D8%B5%D9%81%D8%A7%D8%B1-%D9%88%D8%AA%D8%A8%D8%AF%D9%8A%D9%84-%D8%A7/ar kaperoni: Quote from the article today… kaperoni: The Jubouri that "the central bank removed all fears of a changing of the currency, after warnings from the conduct of money laundering or increase the size of inflation," noting that "the form of committees competent to control it." kaperoni: Now we have Maliki’s guy saying…all is good...lol...and the CBI removed all fears! How can that be? Just a day prior he was accusing the CBI and its officials of corruption…lol He follows it up with this quote… kaperoni: The Jubouri that "the Iraqi government did not object to the origin of the project, but objected to the lack of knowledge of this," pointing out "that it will support the project after providing the positive aspects and negative aspects of the project." kaperoni: So he said, we never said we were not in support of it, we just needed to know more about it…lol...and now that we know the details we will support it. Of course you will! It’s not a LOP…lol. kaperoni: And now that we know the details... kaperoni: The last two quotes from this article contradict each other and clearly, IMO, are meant to deceive on a timeline… kaperoni: “Najiba Najib in (the third of July, 2012), that the budget next year, 2013, will be the new currency after deleting three zeros from the current currency,”... kaperoni: Clearly implying we are on schedule for this event before the end of 2012…but then we see this quote… kaperoni: "The Finance Committee supports the project to delete the zeros and currency exchange, and must be government involvement in this project as responsible for drawing up the financial policy of the country," likely to "be direct this project during the month of July next year 2013." kaperoni: So you decide…now that Shabibi has provided a “detailed explanation of the project and implementation phases,” how much longer can they wait? kaperoni: Done.

Did they ever say they are going to reduce the money supply from 30 trillion to 30 billion by removing the zeros from the currency? No. That is your assumption. You also are reading the article as if it was written for the world to read, when the article was written for the local iraqi people. When they say the value does not change, they are meaning the value of the note. Not the value to the dollar or some other currency. And that is exactly what we want to happen. Interpreting the article like they are talking about the external exchange rate is not what the CBI is expressing.

Your point? We know they are re-denominating. The issue is not the phasing out the current banknotes and putting out new smaller notes. That is a given. The issue is what value will they give the old notes? The articles and reports tell me they will honor remaining 3 zero currency at its printed value 5,000 dinar = 5,000 dinar. That is what were all hoping for. How is Kap making money? Give me a break. If your going to throw out claims back them up before you insult my friend.

I think its from an older Kap chat. Several weeks. School starting in a few weeks. I will need a break from here.

Outstanding call tonight! https://www.freeconferencing.com/playback_ow.html?e=1375678800000&cid=conferences/-17-65-67-48-97-17-65-67-17-65-674-17-65-67-17-65-672420-17-65-67-17-65-67-45-11571-17-65-67.mp3&e=1375678800000&cn=94-43-28-63 Playback number: 805-399-1099 Code: 296983#

This is a good chat that was posted here a while back.

I for one like Kap visiting other calls. It's holding the rumor gurus to facts rather than nonsense.

Kap said in a chat a few weeks ago, that the CBI had smaller bills printed from the current currency. It appears in this article as proof he was right. So there you have it, a guru is right.

It's some cooky guy that said that they lifted the zeros last November, that Iraqis companies are paid in coupons and the rate (after LOP) is 7! lol So he must be saying everything out of Iraq is a lie? Even the April SIGIR report? My momma told me once, oh forget it.

Think Kap has been trying to tell everyone for weeks that banks more than likely are not involved in any consumer cash out. His recent CC has Enorrste referred to a 'facilitator' referencing a Money Maker or some kinda ECN who will cash us out and sell the dinar collected to central banks. Might want to listen to that call

Thank you whatsthis. Long good read. I liked that he took time to answer most if not all the questions tossed.

I don't know why Kap puts out any information anymore. Sites just bash or and call him names. Kap talked about all this some months ago in his chat titled; Kaperoni shows the facts - where the dinar will go...the plan for the New Iraq Dinar (and rate). 2/23/2012 Y'all act like you never heard about this before.

Thanks for posting.

I agree. There is very little chance of a significant event during Ramadan. History has proven that.

I think Kap is friends with Milndollarbabe from years back. I have seen Scooter on BL recently so all good. Visits to other sites shows class in my book.

Mr. Jas428 you made this statement. Its not hard to see that he has been wrong in the past on countless occasions, please read past chats of his for clarification. Show me please.

What's he pumping t-shirts and hats? Give me a break. Here are other versions of similar articles. And: that the budget (2013) Current currency will be issued and not new because they are not ready to trade, the old The currency will remain for two years in trading in the market to be withdrawn gradually. And between: the budget (2013) will be issued the current currency and not new because they are not ready to trade, the old The currency will remain for two years in trading in the market to be withdrawn gradually. and: that the budget (2013) will be issued currency, the current is not new because they are not ready for circulation, The currency the old will remain for two years in trading in the market to be withdrawn gradually And: the balancing (2013) will be issued in the current currency and not new not being ready for circulation, old currency will remain for two years in trading in the market until they are withdrawn gradually.