wciappetta

And the devalued currency has no culpability on the manufactured inflation? They are all professional liars.

I wonder if it is Haider Abadi?

How many Americans still left behind scum bucket?

Never a spare Drone when need one.

Almost sounds like Baiting in order to flush the chunky money into the banks.

It would have to be this way.... It's like Thunder in the distance.

I'm viewing this through the lens of how Germany after WWII had a new currency suddenly introduced with a new value...That's the cherry on the parfait here IMO.

Actually, with all the latest three zero talk and this report suggests pressure/justification to proceed. Title from two days ago said: Al-Kazemi’s government is at the gates of deleting three zeros from the currency.. I think we are on our way to completing this venture.

Yes and the document footnote is also interesting since it represents market sensitive material. Basically it says in footnote number 1 not to advertise the expected or anticipated change in the future value. Having that info public before they introduced a new banknote would have been catastrophic to the plan, everyone and their uncle would own it. This document used to be classified and it was obtained through a FOIA request designed to beat up the Bush administration for liberating Iraq. It appears to have escaped the sensors what was also in there until it was already public. Of course great lengths have been taken to downplay it since then. This is proof of a plan even before the US entered Iraq or introduced one new banknote and the fact that Shabibi in 2008 echo's the plan is not to be overlooked.

If you're suggesting as a politician he had influence on the exchange rate before being president I'd say that's a stretch...in either case, Shabibi references the 70's as the goal for the exchange rate which is exactly what the US State Dept. plan suggested in 2001.... The image below is from the "Future of Iraq project" document

Saddam Hussein Saddam Hussein Abd al-Majid al-Tikriti was an Iraqi politician, the fifth President of Iraq from 16 July 1979 until 9 April 2003. A leading member of the revolutionary Arab Socialist Ba'ath Party, and later, the Baghdad-based Ba'ath Party and its regional organization, the Iraqi Ba'ath Party—which espoused Ba'athism, a mix of Arab nationalism and Arab socialism—Saddam played a key role in the 1968 coup that brought the party to power in Iraq.Wikipedia Born:Saddam Hussein Abd al-Majid al-Tikriti, April 28, 1937, Al-Awja, Saladin Governorate, Iraq Died:December 30, 2006, Camp Justice, Kadhimiya, Baghdad, Iraq Cause of death:Execution by hanging

Yes that's right, Even the Greeks knew about that source.

lol Gee don't get your feathers ruffled, Saddam didn't take the helm until mid 1979 so the $3.39 rate is what it was without his influence. It wasn't until the Sept 1980 invasion by Iraq into Iran that began to influence the exchange rate evidenced by the 5% devalue of the dinar in 1982. After that I agree. But Shabibi referenced a period of time prior to Saddam's influence.

Until December1971, 1 Iraqi Dinar equated to the value of US$ 2.80.Soon after the inflation of the United States dollar in 1973, the Iraqi Dinar valued to US$3.39. The value of Dinar remained same till the war of Iran - Iraq. Iraq in 1982 devalued the Dinar by 5%, equating it to US $ 3.22. At least the reports show intent. Near future? May be sooner than we realize

That's why the Shabibi wanted a return to "late seventies, early eighties" Here's the report with all the qualifiers. It suggests a goal and a plan to achieve such. The stability of the exchange rate of the dinar against the dollar CAIRO - Muhammad Khalifa 2008-4-9 Dr. Sinan Alshabibi Governor of the Central Bank exchange rate stability of the Iraqi dinar against the dollar, and that the bank encourages citizens to buy dinar and handling and keeping it Where currencies began his confidence day by day and became keen on the conduct of the dollar and the dinar rather buy it as it saw Amian revealed dinar return to power, which led to the elimination of inflation, which we suffer from in the past. He said Alshabibi told the (morning) during his participation in the Arab banking conference in 2008, held in Cairo under the slogan (the role of banks in financing investment projects in Arabic) sponsored by the Arab League, we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies and we are endeavouring and serious in this regard, but added that this process is not easy and simple and depends on the supply and demand of Iraqi dinars. And encourage the private sector in the transfer of capital between countries reported: that opportunities are open to all and free to move money to any country that wants alluding shortage of regulatory issues in this area because we are still suffering from a routine killer in most government departments, explaining that there Many banks have formed a civil relations with a wide Arab and international banks and well and bode well Annci and we were in isolation from the world banking over 30 years but at the same time we are moving very fast pace. For his part, Associate Director of the Rafidain Bank Mohsen Abdel Hassan told (morning), which participated in the conference representatives from the banking Rafidain Bank came to participate in order to continue the banking interface between Iraq and Arab countries and return to the Arab ranks banking indicating that the participation of Iraqi banks in these conferences Arab and meetings are very positive because it is through the identification of the latest developments at the Arab Banking addition to agreements with various banks participating Conference. He added that the Rafidain Bank has eight branches in the Arab countries two in Jordan and the other in Lebanon and Syria and Abu Dhabi, Cairo and Yemen, we have an ambitious plan to increase the number of bank branches to reach all the Arab countries, and provides services to these branches Iraqi community in the transfer of funds and other banking transactions addition to pay retirees of Iraqis who live in these countries. He connected at the level of board chairman of the Union of Arab Banks Adnan Hamad Youssef told (morning): We have established strong relations with Iraqi banks as we work together to invest funds in the reconstruction of Iraq and through our union together, pointing out that we approached the Iraqi bank now to send a number of working in the Iraqi banks for training and rehabilitation in the Union and at the hands of expert professional bankers pointed out that we in the European aspire to attract bankers Iraqis through their support at all levels within and outside Iraq, explaining that the Federation began an ambitious plan establishment of several bank branches belonging Arab tent Union in Iraq After improvement of security.