Sweetybird

I really, really hope you're right. I thought it had to RV before Chap. 7 was released in order to have a "tradeable currency." I'm not sure what to think now...

Fatlawi: There is a high-level diplomatic efforts by the government to remove Iraq from Chapter VII Posted: April 2, 2012 in Iraqi Dinar/Politics Tags: Arab, Arab people, Baghdad, Chapter VII of the United Nations Charter, Iraq, Iraqi Airways, kuwait, Nouri al-Maliki Monday, April 2 / April 2012 07:09 Said an MP for the coalition of state law Hanan al that there is a high-level diplomatic efforts and good coordination by the Iraqi government to remove Iraq from Chapter VII. He said Fatlawi told all of Iraq [where] the day, that “the coming days will witness pursuant to seriously to end the issue of debt owed by Iraq at the same level that the Government has worked by the success of the Baghdad summit,” indicating that “the issue of interest to all Iraqis, one of the most important goals that the government seeks to achieved after the success of the Arab summit. “ She added that “the Iraqi government after it had succeeded in holding the summit in Baghdad, despite the challenges faced at this time, trying very hard to remove Iraq from Chapter VII and an end to this matter fully.” Prime Minister Nuri al-Maliki paid a visit to Kuwait on 14 of March last-day and one at the invitation of his Kuwaiti counterpart and met the prince of Kuwait and the President of parliament, and held talks with the Kuwaiti delegation headed by Prime Minister During the visit, resolving a number of files, including the demarcation of the border and end the file of Iraqi Airways, with no access to the announcement of the results during this visit for a number of other files which are the most important issue of reparations and remove Iraq from Chapter VII. “ The Emir of Kuwait last Thursday, March 29 is a historic visit to Iraq after a hiatus of 22 years and attended the Arab summit and gave a speech, which gave the impression of improved relations between the two countries and resolve outstanding issues between them, allowing to drive Iraq from Chapter VII http://bit.ly/H9JdEF

Economist warning there is a likelihood of continued inflation in Iraq Posted: April 2, 2012 in Iraqi Dinar/Politics Tags: Central Bank Iraq, Index (publishing), Inflation, Iraq, iraqi, Iraqi dinar, Price, Radio Free Iraq 01.04.2012 Warned economists continue to increase the rate of inflation and the high index of prices in the country despite assurances to the Iraqi Central Bank last that this escalation is still “within the borders controlled.” In an interview with Radio Free Iraq, the President of the Economic Media Centre non-governmental Dargham Muhammad Ali that worry observers the status of the continuing rise of inflation and the general index of prices due to the fact that “the Iraqi market remained the province of a certain level of prices during the years 2008 – 2009 despite the fact that these two years have seen the global economic crisis, which had its repercussions clear all economies of the countries in general is that it With the decline in the effects of this crisis began to indicators of inflation and high prices to rise, in the Iraqi market, which is worrying but not more than one case the lack of government interest in this data. “ He also called on the authorities responsible economic to take a number of measures rapidly and to reduce the growing rates of inflation and the general level of prices begin to “lift the ban on the import of fruits and vegetables through activating the performance of the Ministry of Commerce with regard to ration card and tighten control over the performance that can be described Balfoazavi leading to activation of the national strategy for housing through the expansion of the granting of loans and the distribution of residential land to take the citizen’s role in solving the housing crisis suffocating after the failure of the two roles of government and investment in solving it. “ The Iraqi Ministry of Planning and despite the approval of the fact that “growing in the rate of inflation and the general price index,” but it played down the words of its spokesman Abdul-Zahra al-Hindawi, the importance of the warnings of observers, economists on this matter based on the statistics that indicate that “the general inflation rate since February 2011 to February 2012 did not exceed the range of 5% due to the continuous rise of the price index in the housing sector only, which in turn led to a slight rise in prices in general. “ However, analysts attributed the escalating rate of inflation and the general index of prices of the two “totally not commensurate clearly with the income level of the simple citizen” to the other reasons not related to the sector, housing, recalling the economic expert Ala short that the “Declaration of the Ministry of Finance in February 2012, near the tariff application of the work caused in raising the level of local market prices between 10% to 15%, the rise it will not back down even if large merchants dropped the ministry on its decision to apply the tariff, “according to his opinion. http://bit.ly/H9RN5T

I don't think so because it states it will be traded in the ninth month of this year... I think we'll see it "soon"...

CBI: The financial budget for the year (2013) will adopt the new currency in Arabic and Kurdish Posted: April 2, 2012 in Iraqi Dinar/Politics Tags: Arabic language, Central Bank Iraq, Currency, General Agreement on Tariffs and Trade, Iraq, Kurdish people, New Year, Saleh Author Ninwanews on Saturday, March 31, 2012 Central Bank of Iraq announced that the federal budget, for the year (2013) will be approved with the new currency in Arabic and Kurdish. The deputy chairman of the Central Bank of Iraq the appearance of Mohammed in a statement to “Khandan”: that put Iraq’s new currency will be in (01/01/2013) and will be in both Arabic and Kurdish with the deletion of three zeros the first of the current currency, indicating the following: that the financial budget of the Federal Iraq will be traded during the ninth month of the current year and recognized in the New Year according to the new currency of the two languages. Saleh explained: The installation of the current currency led to inflation in the Iraqi market and has become inadequate with the financial situation now, the lack of large groups and small to cover the trading them, noting that all the countries of the world that emerged from conflict or hit by the deterioration in the currency of the GATT to modify its currency. http://bit.ly/H9coYa If they have the NEW currency in the 2013 budget, perhaps the 2012 budget has the the OLD currency in it as well. Looks promising that we'll see the rate in this one coming out on the 19th... Sept??? as the ninth month???

Bet we'll see something nice in our Easter Baskets this year!!!

Read the last sentence, it says "issued on 19 April"... I bet that's when it will be published. Great post, Yota!!! Thanks you!

Really? Hmmm... somehow, Hing Dong Avon Calling, just doesn't sound right

I agree, HCL and GOI first. Maybe they haven't posted the budget yet because the RV rate is in it... ?

I agree, that would be something. The Iraqis are definitely smart. Smart enough to keep us ( and everyone else ) guessing on main issues. That's why I'm not too worried when we get conflicting articles. Someone on here said "watch what they do, not what they say" and I think that's the best advice ever. Don't know why somebody negged you for that comment, but I gave you a +plus to even you out.

I think they're colorblind: it's a big RED button that's got Shabs name on it.

Cabinet approves draft law allocating $300 million to settle claims of Kuwait Airways Corporation Posted: March 20, 2012 in Iraqi Dinar/Politics Tags: ArmorGroup, Baghdad International Airport, Foreign minister, Iraq, Iraqi Airways, kuwait, prime minister, Republic of Iraq Tuesday, March 20 / March 2012 17:05 Announced Council of Ministers approved the draft law on the allocation of [300] million to be paid to the KAC for the settlement of lawsuits filed by it on the Iraqi Airways and the Iraqi government and drop judgments and pledge not to establish any future claims. A statement by the Office of Government Spokesman Ali Dabbagh, the Agency has received all of Iraq [where] a copy of it today, that “the Council of Ministers agreed on several other decisions, including approval of the cancellation decision of the Council of Ministers for the year 2011 containing the lending and the Ministry of Industry – Ezz [400] million for the establishment of power plants, and to approve the extension of the contract company [ArmorGroup] security to protect the Baghdad International Airport for a period of three months starting from 01/04/2012 until the completion of the referral and the signing of the contract. “ The statement added that “the Council also approved the adoption of the full report on priorities for the government to prepare the budget in 2013, taking into account the observations Council of Ministers, and the adoption of the recommendation of the Committee on Economic Affairs on the Ministry of Trade to buy [387] tons of material edible oil [sunflower originating from the Turkish] at [1.715] dollars per ton, the amount of $ [663 705 000 dollars, that the required port address fulfillment fees to material outside the instruction approved by the Finance and agree to facilitate the introduction of camera equipment and editing and recording of the media coming to Iraq to cover the work of the Conference Arab summit. " He noted that "the Council of Ministers approved the adoption of the technical report of the Secretariat on the draft through Highway [2] and the implementation mechanism passes through the Negotiating Committee with the Chinese side on the payment on credit and the addition of Ministry of Construction and Housing on the committee for this project and to bring designs to a company [Cui] Danish and authorize the Minister of Construction and Housing to negotiate and referral, and passed to approve the draft law on ratification of agreement on the establishment of the International Academy of Anti-Corruption as an international organization which was adopted in Vienna on 02.09.2010 and signed by the Republic of Iraq on 2/12/2012 and referred to the House of Representatives based on the to the provisions of articles [61 / I and item 80 / item II of the Constitution. " The statement said that the Council agreed to approve the recommendation of the Committee on Economic Affairs for the payment of the amount of $ [600 242 228] JD dues contractor for the work of additional changes in the building extension the State Company for Veterinary and agreed to authorize the Minister of Planning to negotiate and sign a draft agreement on development cooperation between the Government of the Republic of Iraq and the Government of the Republic of Italy as amended by the State Council in accordance with Article [80 / item VI of the Constitution with the Ministry of Foreign Affairs to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the Minister of Planning in accordance with the contexts of the approved and submitted to the Secretariat of the Council of Ministers of for obtaining the signature of the Prime Minister. " And that "the Council approved the Approval to authorize the Secretary of State the authority to negotiate and sign a draft cooperation agreement between the Government of the Republic of Iraq and the United Nations Industrial Development Organization UNIDO [ UNIDO ] as amended by the State Council on the basis of the provisions of Article [80 / item VI of the Constitution with the Foreign Ministry to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the Minister of Foreign Affairs according to the contexts approved and submit to the Secretariat of the Council of Ministers in order to obtain the approval of the Prime Minister. http://bit.ly/GDK89Y

CBI waiting for the green light to start printing the currency in which also includes the Kurdish language Posted: March 20, 2012 in Iraqi Dinar/Politics Tags: Central Bank Iraq, Currency, General Agreement on Tariffs and Trade, History of Islam, Iraq, Khandan, Kurdish people, New Year 12:03:20 / 03/2012 The sources indicated in a press statement that “the central bank introduced a draft law to delete the zeros to the Chairman of the House of Representatives Osama Najafi, and ensure that everything about this great project which will start work by the process of offering the new currency for circulation early next year, and will continue to drive the replacement of three years. “The House of Representatives has no objections to the project except the subject of graphics that will come within the designs, adding there are those favored by nature and one favored by Islamic history, stressing that the initial indications stating that everyone agreed on the historic monuments in Iraq. He was vice president of the Central Bank of Iraq the appearance of Mohammed Saleh, said in a statement to “Khandan”: that put Iraq’s new currency will be in (01/01/2013) and will be in both Arabic and Kurdish with the deletion of the first three zeros from the currency current, indicating the following: that the budget of the federal financial of Iraq will be traded during the ninth month of the current year and recognizes in the New Year according to the new currency of the two languages. Saleh explained: The installation of the current currency led to inflation in the Iraqi market and has become inadequate with the financial situation now, the lack of large groups and small to cover the trading them, noting that all the countries of the world that emerged from conflict or hit by the deterioration in the currency of the GATT to modify its currency. http://bit.ly/GBmkYo

Wow, good article Carrelo! I don't think it's just the Kurds being put on the new currency, but more likely the Erbil and .... oh man, the RV??? Woo Hoo and a plus to you for bringing it to the table!

Glad I could help... and just between us; I've been thinking along those same lines of it coming in closer to Kuwait, too. Thanks Yota, that means a lot coming from you. You have no idea how much I respect and admire all you do here. Mine's but a drop in the big 'ole bucket, but your's is never ending. Thank you!

Me too! BTW, Yota is a guy....

Don't give up hope yet, you're still young....

I don't think I can even count that high.... Somebody would have to splain it to me

LOL, nice one. I haven't bought any but I thought this might be of interest to those of you that have. Here's a thought... maybe the dinar is getting ready to RV so maybe they thought they'd switch over to the dong for interest articles. You know; out with the old news, in with the new???? Just a thought Now that's just too funny...

So Sorry about all the junk that was attached. Here's the article in shorter form... I hope! IMF urges Vietnam to establish independent central bank Posted: March 17, 2012 in Asian Currency Markets Tags: Central bank, Hanoi, Hoang Trung Hai, Inflation, International Monetary Fund, Monetary policy, State Bank of Vietnam, Vietnam MARCH 15, 2012 VietFinanceNews.com – Vietnam needs to set up an independent central bank to deploy the monetary policy with the basic objectives to stabilize prices and curb inflation, said experts of the International Monetary Fund (IMF). The central bank needs more specific and independent tasks, said IMF senior economist Rina Bhattacharya at a seminar discussing policy challenges of Vietnam in transition to a middle-income economy held by IMF and the State Bank of Vietnam (SBV) in Hanoi on Wednesday. “We find that the central bank has been pursuing multiple objectives that sometimes contradict one another,” she told the seminar. The economist cited Section 1, Article 4 of the 2010 State Bank Law saying the central bank’s functions are to stabilize the domestic currency value, ensure the security and efficiency of the banking system as well as the payment system, and contribute to the socio-economic development with socialism orientation. She noted tackling inflation is not the sole objective of SBV, and sometimes the central bank is also obliged to help bolster economic growth. “This denotes a problem in macro-economic management in Vietnam,” said Bhattacharya. Moreover, the economist said Vietnam’s monetary policy lacks transparency and predictability, leaving a negative impact on interest rates, growth and inflation. In addition, although the real interest rate tool has great effect on core inflation in Vietnam, it has yet to be fully utilized to fight the inflation that is now the highest among the Asian developing countries. IMF remarked that inflation reached its peak of 20.3% in the third quarter last year due to the loosened monetary policy. “Vietnam should aim at price stabilization and inflation curbing as the main targets,” said Bhattacharya. SBV deputy governor Le Minh Hung did not mention the establishment of an independent central bank when delivering his speech at the seminar. He informed SBV in the coming time will operate the monetary policy based on target inflation in order to further stabilize the macro-economy and restrain inflation. The deputy governor committed SBV will closely follow the market changes and the macro-economic situation to regulate interest rates and forex rates in a bid to improve the efficiency and effectiveness of the monetary policy. IMF’s suggestion on independent central bank establishment is not a new idea, as the organization made the same recommendation in the late 1990s. The model has been discussed in Vietnam for several occasions. At the Vietnam economic forum held by the The Economist magazine early this year, Deputy Prime Minister Hoang Trung Hai said the Government is considering whether to establish an independent central bank given the inflation changes. http://bit.ly/y0mz4B Read more: http://dinarvets.com/forums/index.php?app=forums&module=post&section=post&do=edit_post&f=5&t=110230&p=899941&st=#ixzz1pQNu0xnb

Stay updated via RSS -------------------------------------------------------------------------------- Calendar 2012: Top Headlines 2012: Headlines of the Day Forex Links (IQD) advfn.com exchange-rates.org Forex.TradingCharts.com forexpros.com netdania.com XE.com Important Links (CBI) – Posted Exchange Rates CBI Daily Currency Auction History CBI Financial Indicators Future of Iraq Project IMF–Representative Exchange Rates Iraq Inflation Monitor Iraq-Status of Forces Agreement (SOFA) 11/2008 Strategic Framework Agreement – 11/2008 UN Operational Rates White House-GW Bush Archives: Framework/Sofa Fact Sheet Social Media Search Archives Today’s News Summary IMF urges Vietnam to establish independent central bank Parliamentary Economic Committee: The dollar out of the market affects the strength of the Iraqi dinar Embarking upon the Iraqi government bonds in international markets Happy St. Patrick’s Day Iraqi List MP Mutlaq: Politicians will find it difficult to agree to demarcation agreement with Kuwait; Encroaches on Iraqi territory; Jubouri calls for Kuwaiti officials to contribute to remove Iraq from Chapter VII Iraq Foreign Relations: To end the problems with Kuwait represents a quantum leap in Iraq’s relations with the world Iraq will receive entitlements from the Kuwaiti airline partnership only after payment of $200 million to Kuwait Kuwait has been an important opinion-maker and shareholder of the World Bank Arab parliamentary calls for the integration summit to tackle poverty in Baghdad Member of the cluster white in Wasit: Kuwait key to solving the problems in Iraq Jaafari, Maliki reveiw results of visit to Kuwait Member of Finance Committee acknowledges the existence of errors in the paragraphs of the budget will be adjusted Deputy Governor of CBI: Warka Bank will repeat itself and the imposition of guardianship to ensure that depositors’ money Member of the Committee on energy: fuel smuggling operations have expanded and must be combated to preserve national economy Economist Opinion: delete the zeros will lead to re-structure and currency composition Iraqi parliament members want Maliki to clarify results of Kuwait meeting Baghdad proposes to be involved in the management of Kuwait’s port of Mubarak Iraq – Kuwait Committee meets in April CBI intensifies efforts to delete zeros from the Iraqi currency Parliamentary Economic Committee proposes the sale of crude oil with the dinar the lraqi to support and increase value Zebari is expected to soon exit Iraq from Chapter VII Jubouri: There are recommendations made by the Finance Committee to set controls for the dollar exchange Maliki: technical committees between Iraq and Kuwait the past to resolve all outstanding issues Parliamentary Financial Committee to host Governor of the CBI soon because of “Warka” Kuwaiti businessman considering the establishment of a bank in Iraq Adviser reveals for “newsletter”: Al-Maliki will be held meetings with political leaders to resolve the crisis. And convulsions with Al-Issawi removed MP: One visit to Kuwait not to settle all pending issues Wardi calls Maliki to reveal deals with Kuwaiti side to parliament Iraq’s Ambassador to the US visits US National Archive; Inspects Iraqi documents Twitter Live Feed IMF urges Vietnam to establish independent central bank http://t.co/1up1Na13 2 hours ago Parliamentary Economic Committee: The dollar out of the market affects the strength of the Iraqi dinar http://t.co/3hlYPdxx 6 hours ago Embarking upon the Iraqi government bonds in international markets http://t.co/UJOFmr0Q 7 hours ago Happy St. Patrick’s Day http://t.co/ytEnAJeq 8 hours ago Arab parliamentary calls for the integration summit to tackle poverty in Baghdad http://t.co/fwnvj0Tw 8 hours ago Follow the News on Facebook! Daily Archives March 2012 M T W T F S S « Feb 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Video Directory IQDNews Video Video: Economic Conference on Dropping of the Zero's (not translated) CNN Video: De La Rue - How Do You Print a New Currency PBS Newshour (Video): Does Maliki Want to Become Unchallenged Ruler of Iraq? UNSC Press Conference: Iraq-Kuwait follow me on vodpod » Directory 2011: Headlines of the Day Archive Asian Market News Calendar CBI Daily Currency Auction History Facebook Notes Follow The Currency Newshound Forex & Currency Converter Links Future of Iraq Project – Unclassified (2006) Groovgal Post Iraq / Chapter VII News Archive Iraq Inflation Monitor Newshound Archives Preparing for Cash In Strategic Framework Agreement 11/2008 The Web’s Only RV-O-Meter The Zero Articles Archive Follow on Facebook Just Hopin Create Your Badge IMF urges Vietnam to establish independent central bank Posted: March 17, 2012 in Asian Currency Markets Tags: Central bank, Hanoi, Hoang Trung Hai, Inflation, International Monetary Fund, Monetary policy, State Bank of Vietnam, Vietnam MARCH 15, 2012 VietFinanceNews.com – Vietnam needs to set up an independent central bank to deploy the monetary policy with the basic objectives to stabilize prices and curb inflation, said experts of the International Monetary Fund (IMF). The central bank needs more specific and independent tasks, said IMF senior economist Rina Bhattacharya at a seminar discussing policy challenges of Vietnam in transition to a middle-income economy held by IMF and the State Bank of Vietnam (SBV) in Hanoi on Wednesday. “We find that the central bank has been pursuing multiple objectives that sometimes contradict one another,” she told the seminar. The economist cited Section 1, Article 4 of the 2010 State Bank Law saying the central bank’s functions are to stabilize the domestic currency value, ensure the security and efficiency of the banking system as well as the payment system, and contribute to the socio-economic development with socialism orientation. She noted tackling inflation is not the sole objective of SBV, and sometimes the central bank is also obliged to help bolster economic growth. “This denotes a problem in macro-economic management in Vietnam,” said Bhattacharya. Moreover, the economist said Vietnam’s monetary policy lacks transparency and predictability, leaving a negative impact on interest rates, growth and inflation. In addition, although the real interest rate tool has great effect on core inflation in Vietnam, it has yet to be fully utilized to fight the inflation that is now the highest among the Asian developing countries. IMF remarked that inflation reached its peak of 20.3% in the third quarter last year due to the loosened monetary policy. “Vietnam should aim at price stabilization and inflation curbing as the main targets,” said Bhattacharya. SBV deputy governor Le Minh Hung did not mention the establishment of an independent central bank when delivering his speech at the seminar. He informed SBV in the coming time will operate the monetary policy based on target inflation in order to further stabilize the macro-economy and restrain inflation. The deputy governor committed SBV will closely follow the market changes and the macro-economic situation to regulate interest rates and forex rates in a bid to improve the efficiency and effectiveness of the monetary policy. IMF’s suggestion on independent central bank establishment is not a new idea, as the organization made the same recommendation in the late 1990s. The model has been discussed in Vietnam for several occasions. At the Vietnam economic forum held by the The Economist magazine early this year, Deputy Prime Minister Hoang Trung Hai said the Government is considering whether to establish an independent central bank given the inflation changes. http://bit.ly/y0mz4B

Parliamentary Economic Committee: The dollar out of the market affects the strength of the Iraqi dinar Posted: March 17, 2012 in Iraqi Dinar/Politics Tags: Central bank, Currency, Economic security, Iraq, iraqi, Iraqi dinar, News agency, United States dollar Dahuk, March 17 / March (Rn) – The decision of the parliamentary economic committee in the Iraqi Council of Representatives, Saturday, out for about two billion U.S. dollars from the Iraqi market within one month, warning, which he called the seriousness of continuing to pull the dollar because it affects the power of the Iraqi dinar. Mahma said Khalil told the Kurdish news agency (Rn), said Saturday that “as economic indicators have emerged from the Iraqi market about two billion U.S. dollars in one month only.” “We can not accuse any party of standing behind it, do not say it’s the smuggling of foreign currency, and whether what happened was the result of transfers of traders and trading citizens, but the economic indicators say so.” He pointed out that “out of these amounts, whether formally or informally, it has impacts on the strength of the Iraqi dinar because the dollar that we get comes from the export of only commodity that we have a crude oil, ranging from 200 to 300 million dollars a day.” He said Khalil, a deputy from the Kurdistan Alliance, said that “the Economic Commission previously published figures, mobile phones in different media for reporting any violations related to trade deals that do harm to the economy and the national and the Iraqicurrency,” adding that “everyone to do their duties to protect the economic security of the country “. http://bit.ly/ADkwy2

Glad I could help Dinaronair! I'm with you, Go RV....

Roadrunner, thanks for the + plus. Hopefully, it won't be long till this thing pops! I want to hear a BIG bang for all of us when it does, preferably with a nice rate. You're welcome Cosmo, and I'm hoping you're right on with the "granite." Thanks Artist, and BTW, I'd be glad to send the bottle of Champagne for them to do the launch with! lol

Yota, thanks for the link. I didn't realize I'd left it out, sorry. Thanks for catching it for us. Here's the one in Arabic at the end of the article in case anyone wants to see it too: http://bit.ly/ycX6qF