Maja1962

Thug - please update when you know something...TY Very sad day for the dinar community...R.I.P. Dan, and War Eagle my friend!

Great report! Thanks, Supergirl!

55.9 million shares at 1 dinar each... hmmmm.... Let's do the math: 55.9 million dinar at (let's keep the math simple) 1000:1$US = $55,900.00 That's 25% of it's shares, which values the total shares in Zain at $223,600.00 US. What am I missing here?

Great find! Thanks!!

Think will happen: A or B. Hoping will happen: D or E. Definitely will happen: Gurus calling for our email Monday This announcement that's being reported about improving the rate is likely an appeasement to settle down the masses or some kind of system test. CBI won't telegraph the RV...

Chalibi, the head of the Iraqi National Congress, making statements like this on FACEBOOK?!? His words are directed to those in KR he claims are responsible for the terrorism... How many people in KR are on Facebook?? Sounds like he's deflecting attention away from his own misdeeds...

Want to reduce the deterioration of the political and security climate? Two words - oust Maliki

Huge, if they follow through...

Is this "next" used the same way as the articles last week which spoke of "next" June, meaning this June? If I'm not mistaken, the "next" Parliamentary session is slated the middle of June and last for three weeks (until Ramadan). Otherwise, who knows when they will act on the HCL. If this is saying they are putting the HCL off, this would mean a delay in any true RV this year. Perhaps this is an attempt at misdirection...wouldn't be the first time. Great article, Yota!! Thanks!

He pointed out that it "should be a strong dinar and the Iraqi economy need a clear strategy concerning currency and strengthen the ability to manage risk and volatility of economic, which coincides with Iraq," noting that "currency stabilization and strengthening policies handled by the central bank, using the expertise and advice of his IMF and perhaps companies specialized international as well. " "A little less conversation, a little more action..." - Elvis

Thanks!

Thanks for the clarification!

If this turns out to be correct (about the scrolling on the tv screens), just wondering if this has nothing to do with the RV, but instead the increase of the street value to ease the pressure on the common Iraqis? If so, this announcement would make sense if it is an effort to settle the protesters down a bit... I agree that telegraphing the RV would be very costly in a number of ways.

Is there another holiday between now and Ramadan to which this may be referencing?

It would be agreed by even the most passive observer that something must be done with regard to the Palestinians. However, because something must be done does not justify doing just anything. The political double speak and straw man arguments of the progressives (and put on display by SoS Kerry in this article) make grand sweeping claims, but deliver precious few results. Consider: "These experts believe we will increase the Palestinian GDP by as much as 50 percent over three years," Kerry told the closing session of theWorld Economic Forum meeting on the shores of the Dead Sea inJordan. Previously referred to as "global business leaders," they are now called "experts." Experts at what, Mr. Kerry? Being global business leaders does not means they are experts at anything. Who are these so-called experts and what are their areas of expertise? "The most optimistic estimates foresee enough new jobs to cutunemployment by two-thirds to eight percent down from 21 percent and to increase the median wage by 40 percent," said the top US diplomat. What might be some of the less optimistic estimates Mr. Kerry? They were "consulting with a number of key international and local experts and stakeholders from the different economic sectors" and would provide details "in due course," it added. Kerry warned the forum however it stood before a historic moment, amid the yearnings for greater economic and social freedoms unleashed by the Arab Spring. So, once again, you are asking for swift action, sans details. Where have we heard this before? Oh yes, we must pass it before we know what's in it... What could possibly go wrong?

I went to the drive-thru window at my bank yesterday to deposit my paycheck. When the teller sent my receipt back, it had exchanged at 1 to 1, and I thought this was really good news, so I thought I'd ask about Dinar... the teller looked straight at me and said, "I haven't heard from her since she was fired 3 months ago..."

http://video.foxnews.com/v/2219765271001/voter-fraud-claims-lead-to-charges-in-ohio/ Obama supporter Meloise Richardson personally suppressed 5 votes by voting 6 times...

IMF Survey.pdf http://www.imf.org/external/pubs/ft/survey/so/2013/CAR052113A.htm Economic Growth Moderates Across Middle East IMF Survey May 21, 2013 Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery Transition countries need resolute actions to maintain economic stability and promote inclusive growth Help from international community remains crucial Differences in economic growth across the Middle East and North Africa (MENA) region are expected to narrow in 2013, though economic conditions in the oil exporters and importers are still quite different, says the IMF in its latest Regional Economic Outlook Update, which predicts growth will reach about 3.1 percent this year. The healthy growth rates of the region’s oil exporters—Algeria, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and Yemen—are projected to moderate from an average of 5.7 percent in 2012 to 3.2 percent in 2013 (see table). This is mainly due to a scaling back of increases in oil production amid modest global demand. By contrast, the region’s oil importers—Afghanistan, Djibouti, Egypt, Jordan, Lebanon, Mauritania, Morocco, Pakistan, Sudan, and Tunisia—face a difficult external environment. On average, this group of countries is projected to post moderate growth of 3 percent this year. In the Arab countries in transition, continued political uncertainty is also holding back growth. “Economic conditions remain impaired across most MENA oil importers, with continued social unrest, complex political transitions, and an economic environment characterized by modest global growth, persistently high food and fuel prices, and weak domestic confidence,” IMF Middle East Department Director Masood Ahmed told a press conference in Dubai. Oil exporters still buoyant The region’s oil-exporting countries achieved robust growth of 5.7 percent in 2012 on account of the almost complete restoration of Libya’s oil production and strong expansions in the Gulf Cooperation Council countries. Economic growth is projected to fall to 3.2 percent in 2013, as oil production growth pauses in the context of subdued global oil demand. However, non-oil growth continues at healthy rates of about 4½ percent on average. Elevated oil and gas export volumes and prices allowed oil exporters to accumulate current account surpluses of about US$440 billion in 2012. A small decline in projected global oil prices (based on futures markets) and an expected rise in imports will lead to a somewhat smaller—but still sizeable—current account surplus of about US$370 billion this year. Risks to the global outlook have somewhat diminished in recent months but remain high. Lower global economic activity, for example in the currently fast-growing emerging markets, would likely result in lower oil prices. A number of oil exporters are seeing widening non-oil fiscal deficits, making these countries more vulnerable to a prolonged drop in oil prices. Steps to rein in spending Fiscal break-even oil prices—the price levels that would ensure that fiscal accounts are in balance at a given level of spending—have been trending upward in most countries. In several countries, some degree of fiscal consolidation—measures to rein in spending and bring down the government deficit—will need to be considered to bring fiscal balances down to a more sustainable level. “To build resilience to a possible sustained decrease in the oil price, oil exporters should contain increases in hard-to-reverse current government expenditures, like the wage bill and subsidies,” Ahmed said. Effective social and capital expenditure can decrease dependence on oil revenues in the long term by promoting future growth in non-energy sectors. High-quality education can support job creation for nationals, the IMF says. Oil importers under strain In 2013, growth in the region’s oil importers is expected to recover, but only at a moderate pace, projected at close to 3 percent—a rate far below what is required to address these countries’ high rates of unemployment. Investor confidence remains weak because of political uncertainty and social unrest across the Arab countries in transition and regional spillovers from the tragic conflict in Syria—including the cost of supporting refugees, disruptions to bilateral and transit trade, and heightened security concerns. A challenging external economic environment continues to put pressure on international reserves in many oil importers. Sluggish global growth and recession in the euro area are holding back a quicker recovery in exports and tourism. Meanwhile, high global food and energy prices contribute to rising import bills. Resolute actions needed With high fiscal deficits and reduced international reserve buffers, many oil importers have no time to waste to embark on difficult policy choices—considerable fiscal consolidation—implemented in a growth-friendly and socially balanced way—and greater exchange rate flexibility. This should help maintain macroeconomic stability, instill confidence, preserve competitiveness, and mobilize external financing, thus putting in place important preconditions for a healthy economic recovery, the IMF says. “Recent subsidy reforms, paired with measures to implement more targeted social protection, are making inroads into reducing fiscal and reserve pressures in some countries in the region. However, countries will need to further rationalize subsidies while at the same time putting in place better-targeted mechanisms to protect the poor,” Ahmed told reporters. Reforms should not wait Looking beyond the near-term challenges, it will be necessary for many countries across the region to press on with structural reforms to achieve inclusive growth and create permanent jobs, says the IMF. “Important as it is now to focus on maintaining economic stability, it is vital not to lose sight of the fundamental medium-term challenge of modernizing and diversifying the region’s economies, creating more jobs, and providing fair and equitable opportunities for all,” Ahmed told the conference. He stressed a number of important reform areas that should not be delayed in order to unlock the region’s vast medium-term growth potential: • Greater trade integration, both within the region and in the world economy, not only to boost growth but also as a catalyst for other important reforms. • Business regulation and governance reforms to ensure simple, transparent, and evenhanded treatment for companies, and ultimately greater transparency and accountability of public institutions. • Labor market and education reforms that will ensure adequate skill building and incentives for employment while maintaining adequate worker protection. • Improving access to finance to help catalyze entrepreneurship and private investment. • Public finance reform to help free up resources for high-priority expenditures and reduce vulnerabilities, which will also spur growth. Ahmed underscored that, while comprehensive reform will take time, “a number of steps could be taken quickly, such as cutting back on often overlapping or discretionary regulations that complicate starting up or running a business, relaxing high minimum capital requirements and restrictions on foreign ownership, and dismantling non-tariff barriers to trade.” He added that “quick wins can also be made in the area of transparency through more consistent publication of government budgets.” Role of the international community In addition to providing technical assistance and policy advice to many countries in the region, the IMF has provided about $8.2 billion of financial support to Jordan, Morocco, and Yemen, and reached a staff-level agreement on a $1.75 billion loan to Tunisia last month. The global lender is also in discussions on a financial arrangement with Egypt and a second arrangement with Yemen. Support from other international partners also remains crucial. “The international community has a vital role to play in supporting countries in transition. By providing policy and technical advice, financing, and trade access, bilateral and multilateral partners can help to support positive change,” said Ahmed.

For anyone who understands the structure of our Constitutional Republic, the three major scandals plaguing the current administration should give them pause. Benghazi was a failure of the Department of State, which is under the Executive Branch. The AP wire tapping incidents were done by the Department of Justice, which is under the Executive Branch. The IRS targeting of the Tea Party groups were done by the Department of the Treasury, which is under the Executive Branch. The Secretary of State, U.S. Attorney General, and Secretary of the Treasury are all cabinet positions within the Executive Branch, the head of which is the POTUS. The current head of the Executive Branch claims no knowledge of anything regarding these three issues until after the fact, which if nothing else is a failure of leadership on his part. Now the Department of Education, also under the Executive Branch with the Secretary of Education being a cabinet position, is pushing these limitations on free speech. I'm certain that if this becomes national news we will hear that the POTUS has no knowledge of this as well, which begs the question...Who is running the Executive Branch of the United States?

Thanks again, SWFG...can't wait to hear their perspective on the economic situation in Iraq and the Middle East. BTW, better make sure it's published by Tuesday... I hear some guy talked to this lady who took her niece to the bank who spoke to a teller... War Eagle!

Always enjoy the common sense approach to bring the dinar world that is most often defined by its hyperbole - this article being exactly what I have come to expect. Thank you. Even more of a fan now that I know you're an Auburn guy...War Eagle! Maja1962, class of '86.

Well, at least we can look forward to their unbiased enforcement of Obamacare ...

How is that last statement "proven fact and not conjecture?"

Much discussion has been made regarding the redenomination of the IQD, mostly surrounding the dropping of the zeros and a possible release in July 2013. It seems that the lower denominations without some sort of RV would render them valueless, requiring wheelbarrow loads to make even small purchases. Could you please give some insight regarding the relationship between and the timing of the two? Many thanks for all your efforts!!

Should the CBI choose to redenominate the Dinar this drastically, that would by necessity require a restructuring (RV?) of the rate or else they'd be shooting themselves in the (financial) foot. For example, without a change in the rate, the 25 Dinar note would be valued by the rest of the world at $0.0215 (at the current .00086). Based upon this article, for the Iraqis to remain at net zero loss, the redonomination of the IQD would only make financial sense if the rate made the same change as the new bills in dropping the zeros (.86). Or am I missing something?