Hairball51

The news definitely seems to be getting a little better and more steady lately...I hope this is it!

Salam Al-Maliki: we're giving the Government five years to implement the customs tariff 07-07-2013 11:48 AM Baghdad (newsletter).Member of the Committee said economic and investment representative Abdel Salam Al-Maliki that his Government granted a specific time limit of five years for the introduction of the law on customs tariff after the Committee was briefed on the law and submitted to the Government for some recommendations. He said the State law in a statement to media library: ' what compels us to delay the work of the customs tariff is 5 outlets are not under the control of the Federal Government being a Kurdistan ', calling on the Government to put these ports under the control of the Federal Government to control so there is no contradiction or conflict in the work ports. He added: "the Government is involved in the development of solutions to be implemented at the border crossings under its control or outside, indicating that the members of the Committee agreed to lift a set of recommendations to resolve it so that there is no variation or duplication in the work of ports as it is very necessary to unite all the 13 outlets located throughout Iraq in terms of goods entry procedures streamlined and accountable for access controls and taxation so burdened with the merchant in the province Without the other. View Al-Maliki: this requires the Government to study the situation and adopt the Committee's recommendations and to develop a programme and a plan to resolve the issue with the territory until all ports under the control of the Federal Government and the territory is committed to help the Centre develop controls and conditions on imported materials, stressing the need to focus on the importance of the work of the border through which all materials and goods to the country. He noted: the bad goods is unacceptable and that the policy of flooding the market trader and the citizen and the economy of the country, as well as that there are goods bearing nuclear radiation cannot enter chaabi materials cannot be imported, pointing to the importance of focusing on the certificate of origin on goods entering, indicating that control the entry of goods is subject to Federal Government control and commands are linked to the response of the Government of the territory to help CentreCalled on to weigh the interests of citizens and the country that require these ports to control the gateway open however, uncontrolled greedy/finished/LM/

I don't know if it's my computer or what but the volume didn't work on the video...I'll just have to take your word for it I guess. Was he saying the zeroes would be raised from the front of the current exchange rate?

Typical DVer sitting at their computer when they get the news.... It RV'd for how much?

I saw that yesterday's auction was only 17 banks and just over $122 million.

I was just reading something that said today's only had 17 banks take part and the demand for U.S. dollars was only at 122 million.

I'm feeling better guys with your insight! I know dontlop's article is a year old but that is one of the best I've read!

I agree totally....No doubt things are heating up...so much has come out on the zero issue and alleged plans to restructure the currency that it's hard to not to get overwhelmed with it all.

I just realized I may be reading this wrong...damn translations! Ha! "Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency" could mean new denominations I guess...I don't know...I kinda wish I hadn't posted it now....

This makes my heart sink...especially the last paragraph! Mehma Khalil called Central Bank currency structure project 6/7/13 17: 07: 00 Mehma KhalilThe Commission has called parliamentary economy and investment of the Central Bank of Iraq, the need to delete the zeros of the Iraqi currency after the land was available and exit Iraq from Chapter VII, and the economy is expected advantages and the results summary of Security Council-imposed penalty. The words of the Rapporteur of the Committee, MP mehma Khalil during a conference held Saturday in the presence of members of the Committee on the economy and investment, the Central Bank should start a currency structure as a purely economic issue. The Attorney said that the Iraqi Constitution between the need to change and delete the currency required by the economic situation of the country, and the public good, for Parliament and the Government to support the country's economic identity, expecting to witness the coming budgets increase and prosperity after the investment companies to Iraq, noting that Iraq is not the only country to delete zeros from its currency, the preceding example States Turkey and Lebanon has succeeded in stabilizing the economic situation when deleted zeros from their currency. Attorney Khalil pointed out that the draft is an old and zeros deleted were the objections of the Central Bank and the Government of Iraq requested that wait till an appropriate time and after coming out of Chapter VII all justifications and arguments over the implementation of this project. In turn, the alaktasadet Committee member criticized Attorney Abdul Hussein abtan said project delays and the survival of the zeros in the Iraqi currency, and it is not reasonable that the Iraqi Central Bank reserves of 76 billion dollars and now dealing in thousands. The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often. Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency. http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fpukmedia.com%2FAR_Direje.aspx%3FJimare%3D10655

It's always ALL ABOUT THE BANKER. Raise/delete the zeros = 0.00086 / 0.86 then float IMHO that is what we have been told, so many time over. LadyGrace'sDaddy....I couldn't agree more! I posted on this very topic earlier today. I pasted it below. I wanted to throw this out there for discussion about the "deletion" or "raising" of the zeroes. Not only has there has been a lot of chatter lately about when this may take place (recent CBI statements say they are suspending ideas to do it indefinitely) but also in regards to what they mean by "raising" or "deleting" the zeroes. I think I may have found something that will help explain what they mean. I would like to submit an article from January 1, 2012, found here http://www.alsumaria...ue-of-iraqi-din , in which the Deputy Governor of the Iraqi Central Bank Mozhar Mohammad Saleh is discussing the issue. The part of the article I would like to focus on is this: "Deputy Governor of Iraqi Central Bank Mazhar Mohammad Saleh revealed, on December 14, that Central Bank is willing to create 3 money categories following the deletion of 3 zeros from Iraqi Dinar. The currency exchange requires about two years, Saleh pointed out. Reserves of foreign currencies in Central Bank of Iraq increased, for the first time in Iraqi history, to 60 billion Dollars, Saleh announced on December 6 explaining that Central Bank can curb inflation if it reached two decimal ranks." The fact that he makes mention of "decimal ranks" (decimal points) is what I find so interesting. It leaves little doubt to me that the "raising" or "deletion" of zeroes is in reference to the exchange rate, currently 1 IQD = 0.000859900 USD, and NOT the deletion of zeroes from the bills themselves. This is the only place I've ever seen in all the reporting out of Iraq where "decimal" points is mentioned regarding the issue of zeroes. So, as so many have stated in other posts, if you "raise" or "delete" the zeroes from the exchange rate you get 1 IQD = 0.859900 USD. Perhaps this will be their jumping off point and allow it to freely float from there? Also, the line "Central Bank is willing to create 3 money categories following the deletion of 3 zeros from Iraqi Dinar". Is he talking about issuing the smaller denominations after the "deletion of 3 zeroes"? For example....1's, 10's, and 20's, or whatever....That would seem to make sense as well because as we know, they are not ready to release the LD's just yet which might be the reason the CBI recently said they're suspending the "raising of zeroes indefinitely". Adam has been saying all along that no RV could take place without the LD's being part of it. I just thought I would throw this out there and if this has already been discussed somewhere else, I apologize. Read more: http://dinarvets.com/forums/index.php?/topic/153565-possible-clarification-on-deletion-or-raising-zeroes/#ixzz2YHhike00

Awesome! To me, and maybe I'm missing something here, they cannot be talking about deleting zeroes from the notes, making a 25,000 dinar a 25, because how would that benefit the Iraqi people and give them the increased purchasing power? Am I wrong? A little help please...hehe!

I didn't mean "good find" as in good for us....just meant overall good find....knowledge is power! The link I put in their talks about the zero issue in regard to decimal points but this article mentions what happened in Turkey and that's not good...

Wow! Great find! This totally ties in to what I just posted myself. http://dinarvets.com/forums/index.php?/topic/153565-possible-clarification-on-deletion-or-raising-zeroes/

I think knowing 100% is not reality at this point but I threw it out as the best evidence yet in regards to what the process may involve. It came from a CBI Deputy Governor so I figured if someone would know, it might be him? At any rate, the deletion of zeroes I mention in the post is a good thing especially if they let it freely float from there....IMHO.

I wanted to throw this out there for discussion about the "deletion" or "raising" of the zeroes. Not only has there has been a lot of chatter lately about when this may take place (recent CBI statements say they are suspending ideas to do it indefinitely) but also in regards to what they mean by "raising" or "deleting" the zeroes. I think I may have found something that will help explain what they mean. I would like to submit an article from January 1, 2012, found here http://www.alsumaria.tv/news/50482/central-bank-of-iraq-raises-the-value-of-iraqi-din , in which the Deputy Governor of the Iraqi Central Bank Mozhar Mohammad Saleh is discussing the issue. The part of the article I would like to focus on is this: "Deputy Governor of Iraqi Central Bank Mazhar Mohammad Saleh revealed, on December 14, that Central Bank is willing to create 3 money categories following the deletion of 3 zeros from Iraqi Dinar. The currency exchange requires about two years, Saleh pointed out. Reserves of foreign currencies in Central Bank of Iraq increased, for the first time in Iraqi history, to 60 billion Dollars, Saleh announced on December 6 explaining that Central Bank can curb inflation if it reached two decimal ranks." The fact that he makes mention of "decimal ranks" (decimal points) is what I find so interesting. It leaves little doubt to me that the "raising" or "deletion" of zeroes is in reference to the exchange rate, currently 1 IQD = 0.000859900 USD, and NOT the deletion of zeroes from the bills themselves. This is the only place I've ever seen in all the reporting out of Iraq where "decimal" points is mentioned regarding the issue of zeroes. So, as so many have stated in other posts, if you "raise" or "delete" the zeroes from the exchange rate you get 1 IQD = 0.859900 USD. Perhaps this will be their jumping off point and allow it to freely float from there? Also, the line "Central Bank is willing to create 3 money categories following the deletion of 3 zeros from Iraqi Dinar". Is he talking about issuing the smaller denominations after the "deletion of 3 zeroes"? For example....1's, 10's, and 20's, or whatever....That would seem to make sense as well because as we know, they are not ready to release the LD's just yet which might be the reason the CBI recently said they're suspending the "raising of zeroes indefinitely". Adam has been saying all along that no RV could take place without the LD's being part of it. I just thought I would throw this out there and if this has already been discussed somewhere else, I apologize.

Ha! So true! It's like the wild west here!

Talking about this very thing here..... http://dinarvets.com/forums/index.php?/topic/153478-guru-enorrste%C2%A0%C2%A0%C2%A0anyone-who-claims-that-there-will-be-an-rv-in-the-very-near-future-is-crazy/page-2#entry1204461

I totally agree that " Iraq isn't going to tell u flat out when there going to RV or float but they will and have told u what there intensions might be". Having said that, has the CBI just hinted at their intentions by saying they're suspending the deleting of zeroes project indefinitely? If deleting the zeroes is going to be an integral part of issuing smaller denominations, of which Adam says is necessary for an RV, then might we be further off from an RV than we think? I don't wanna beat a dead horse here...I'm just looking for some clarification...

Check this out.... http://dinarvets.com/forums/index.php?/topic/153478-guru-enorrste%C2%A0%C2%A0%C2%A0anyone-who-claims-that-there-will-be-an-rv-in-the-very-near-future-is-crazy/

Ok, so if the deletion of the zeroes is tied to the smaller denominations being released (because they want to remove the higher denominations from circulation) and the CBI has said they are suspending the deletion of the zeroes until possibly 2014, I would say this "Ernostre" is on to something. Am I way off here?

I'm not so sure all of the titles of "GURU" are by people giving them to themselves. Adam is considered a "GURU" and I'm sure that makes his skin crawl as it does mine. 7-5-2013 Newshound Guru Adam Montana We already have Chpater 7. Once the HCL is finalized, there is only one thing left - PUSH THE BUTTON! Honestly I can't think of anything that would delay it beyond that. Read more: http://www.another site.com/#ixzz2YC59zYxc Look, I'm not so sure that this "Ernorste" isn't right on about this. Let me explain....If there has been one thing that Adam has stressed over and over the last week or so it's that the CBI is in charge here and we're awaiting them and their decision to RV. If Adam is correct on that point and if he's also correct in saying an RV cannot occur without smaller denominations being issued by the CBI, then how do we explain the CBI issued a statement on the 3rd of July saying they are suspending the deletion of the zeroes (see article below)? Wouldn't what "Ernorste" is saying sound kind of logical? Here is the CBI article: CBI: the project raise zeros from the currency is still deferred 03-07-2013 07:34 PM Karbala (news) said the Central Bank of Iraq, that the project raise zeros from the currency is still postponed until further notice, indicating that the Bank’s gold reserves has not been affected by changes in the global market. The central bank governor said Abdul Basit Turki told a news conference Wednesday afternoon on the sidelines of his visit to the city of Karbala for the opening of Dar financial control, which was attended by the Agency (news): The project raise zeros from the currency project is delayed due to the conditions experienced by the country, noting :The bank is still studying with experts and specialists how to change the currency but its implementation depends on the situation experienced by Iraq and this deferred offline. Turki confirmed: that the bank reserves of gold is not affected by changes in the global market due to the financial plan developed by the bank a few months ago to avoid such a disaster, noting that the gold reserves in the Central Bank would be a big supporter of the Iraqi currency at any time, anywhere. It is noteworthy that some economists believe that Iraq is not ready at the present time to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability. http://bit.ly/1aK2BoK

That's the same dude? Uuuughhh!

Yeah I gotta say that I've done some jumping around the web to find info on the RV and not once has this guys name come up that I can recall. Maybe the obscurity of his name is what has excited me... I just hope he's right...