Doc31

LOL I'm with him! Seriously, there was only one thing in your post that troubled me (and I'm not taking a shot at you or her ... I'd like this to be a nation-wide movement ... don't ya' know!) and that is the "size" of the De La Rue/Brandt 8625-200 Most banks have USD authenticating machines ... some count ... some don't but most are about the same size. The 8625-200 is not big ... I know we've all seen them in a video on various sites showing how it stops processing a stack of IQD when a Sadaam Dinar is inserted in the middle of the stack. I'm not trying to split hairs ... it just isn't big! Can you get her to verify the model number? After all, De La Rue prints/printed 42(?) other nation's currencies and there are all sorts of machines for verifying different currencies ... although, just like you I don't see a reason (on the world stage) that a bank would get one of these other than for IQD. Also, I've always marveled at reports that have said that a bank (Baghdad) was taking the weekend to train their employees on it. There is a copy of the manual on the internet. It goes something like this: 1) plug in 2)stack bills on tray 3) hit button 4) you're trained ... lol I'll look up the dimensions if you like but ... Again, any chance you can get her to tell you the model number ... it should say "Brandt 8625" on the front ... on the back is the model # and serial number and should reflect "8625-200" Have a nice weekend and peace to all Doc31 Too funny ... now they are after you ... OMGosh!

Dated Brent Crude $101.57

Remember that channel gold has been in for days? Well at noon it shot up NOT went up $20

Currency Auctions Announcement No. (1828) The latest daily currency auction was held in the Central Bank of Iraq on the 3-FEB-2011. The results were as follows: DetailsNotesNumber of banks19 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)181,187,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)181,187.000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Oil is up $.70 Gold ... it's still running in about a $13 channel. I keep getting questions on what a channel is so here's a visual. The gold lines are mine showing the margins of the channel and it's range ... about $1329 to $1342 Zeroes ... well, on 181M volume and 19 banks participating 2.419M cash portion. That is the largest cash portion since Oct 6th (although it was small in comparison to previous Oct 6th was about 4X this). That pattern that we saw forming up earlier in the week seems to be decimated (or no pattern at all but perhaps a lack of caffeine on someone's part!). I know that this was up yesterday ... regardless of the present date. This source is Reuters ... I know me too. It was pointed out that this was a typical "we are pumping oil" ... "well, not really, we are only ready to" article. Lol ... that observation is so true of the news that comes out of the Middle East. I got a call early this morning from a friend that saw another such article (sorry no link ... I forgot to ask ... zero caffeine ... you know how I am!) that in fact they had actually begun. IF TRUE ... IMO ... that would seem to be the pertinent news of the day. I don't see it posted yet. If the link comes up someone please post it. I will not be on today to do it. Remember ... IF TRUE! Maliki: No one is immune from accountability in Iraq This one is referring to terrorism and bombings ... it just made me laugh and say "uh, huh" (a reported 1B IQD over the border by his son ... $250M confiscated by Swiss in possession of his top aid ... now he's named his son as his top aid ... failure is unacceptable apparently.) Too funny. Kuwaiti dinar is up but only a bit. I just checked the big two vendors in the US and their price is just a bit lower ... buy back prices are slightly lower as well. Frank26 reported last night that hundreds to thousands of contracts were canceled yesterday ... it's going to take a few days to sort that out ... let's just kick-back, wait and watch. There are at least two sides to that ... the one that says "uh, oh ... that's not good" and the one that says "you know what that means (wink, wink)"! Gosh ... I've already run out of time ... not much substance this morning ... sorry ... oops, still 1/2 a cup in my cup. You are on your own. Peace Doc31

Currency Auctions Announcement No. (1827) The latest daily currency auction was held in the Central Bank of Iraq on the 2-FEB-2011. The results were as follows: DetailsNotesNumber of banks18 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)190,514,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)190,514.000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Oil has settled after 2 day up ... still over $90 Gold running in a channel for close to 3 days Zeroes ... Big volume with 18 banks participating ... 1.749M or .91% ... it is simply not enough to avail liquidity unless there is another mechanism at work that we either can't see or don't recognize. Since the middle of last week ... people have been saying to me (not the other way around) that ... "it seems that everything that had to be done ... is done ... what are they waiting for?" And I mean everyone. Yes, I realize that al-Maliki is holding out on the two positions but I believe that it is advantageous for him to do so for some reason (and I covered this yesterday). But ... I agree. Frank26's chat from Monday and post from Tuesday chronicle the what's going on around it and what dates are "windows" because of one thing or the other ... but still, they seem to say the same thing ... "it seems that everything that had to be done ... is done ... what are they waiting for?" Go look at the news ... ever live in a small town that has a newspaper? ... I get that same sensation right now ... oh, so Mrs Smith's parakeet got out huh?! And vandals broke into the feed store too?! Ration cards (2 articles), jobs, air flights ... see what I mean? I'm not belittling just taking note of the chronic lack of substance or perhaps finality of ANYTHING is a better way to say it. If you look at every article (I don't have the time any more) you can sometimes glean a single thing that when added to the puzzle gives you some sort of idea about what is going on ... yet the question remains ... "what are they waiting for?" No, I don't think that they are going to tell us. As I said yesterday ... we are at the mercy of the "clown show". A member of the security committee disclosed U.S.-Iraqi attempts to extend the withdrawal Okay that's good ... but the destabilizing manner in which this administration yanked the troops out ... doesn't lead me to believe that we'll get the warm fuzzies. OK ... There's a lot of finger pointing articles about whose fault it is that this isn't complete. No sign of Kurdish oil exports scheduled for February 1 start (I know it was there yesterday but it's back) Hashemi and Melkert discuss bringing Iraq out of Chapter 7 in full Oh here's a good one : Deputy sabah Al Saadi: linking independent bodies under the chairmanship of Prime Minister to establish the legitimacy of dictatorship I've run out of time ... sorry ... there was another but I don't see it presently. Peace to all Doc31

LOL ... some say all you'll see is my tail lights as I head for the bank! ... I can't wait for the huge exhale and "Praise God" myself! Check this out:

Not a problem ... he apologized and all is cool ... it does make me chuckle though ...

Currency Auctions Announcement No. (1826) The latest daily currency auction was held in the Central Bank of Iraq on the 1-Feb-2011. The results were as follows: DetailsNotesNumber of banks15 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)73,750,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)73,750,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets As you can see ... oil took off yesterday ... Dated Brent Crude is $99.99 Gold is running in about a $14 channel since a couple of hours after the open on Sunday Zeroes ... it was another near day but on low volume with only 15 banks participating ... the cash portion was 1.1M a whopping 1.49% because of the low volume ... it's beginning to feel like they have begun establishing a new pattern. What's the purpose ... I wish I knew what they are up to ... in visual terms it would be similar the spasmodic reaction of the diaphragm when you've held your breath too long and you desperately want air but your trying to stay under water and not breath just a little longer to beat your brother's record and win! (I know ... but I don't have a sister ... lol!) I've been staring at it for weeks now ... it's under our noses ... it's the total volume drops that have my attention ... the cash portion if added together since Oct 7th are less than the cash portion on Sept 20th!!!! About 14% Less! I absolutely believe that zero days are the setup we were looking for ... whether it's the thugocrat who is holding it up or some other powerful force ... this would seem to be the mechanism to maintain balance while he/they continue the clown show. Not much time this morning ... so on to the news ... The first two things that got my attention are the thugocrat's apparent Saddam II move of directing the High Court as he sees fit in what would seem to be an end-run around the power sharing arrangement ... then we see a call to dissolve the High Court because it apparently is just a rubber stamp for al-Maliki. Now I've seen commentaries that say this is good for us ... I've seen nothing to suggest that. If I'm calling this wrong ... okay ... but "you got lot's of 'splaining' to do Lucy!" This one brought tears to my eyes (with laughter) ... Now the Kurds want to dissolve parliament ... seems like a common theme this morning. Iranians returning veteran remains Syria issuing Visas Folks are trying to play nice. I've been meaning to tell you that for the first time in 15-16 months my group failed to purchase IQD last week. Yes, the price was difficult to swallow ... but I'm betting it was really post Christmas bills that played a larger factor. I see that demand must have dropped dramatically for vendors as the price is down (slightly at DT $1230 ... more so at GID $1110) and GID has 10K IQD notes for the same price as 25K notes ... if you are interested in acquiring that denom. No, I don't care if you buy, whom you buy from, or anything else ... just sayin' ... this disclaimer is for you folks who obviously don't know me and labeled me a "pumper" 2 weeks ago ... lol! That's all the time I have this morning ... gotta' run. Peace to all Doc31 P.S. I haven't heard anyone say GO RI/RV ... so GO RI/RV!

De La Rue Brandt 8625-200 here's the training manual ... nothing to it but pass it on if you like!

Too funny ... there has to be something seriously wrong with you my friend ... still chuckling! Too funny ... there has to be something seriously wrong with you my friend ... still chuckling!

Wow ... oil at $92.06 at this hour

Currency Auctions Announcement No. (1825) The latest daily currency auction was held in the Central Bank of Iraq on the 31-JAN-2011. The results were as follows: DetailsNotesNumber of banks15 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)113,889,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)113,889,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Spot Oil is up but only slightly ... we'll keep an eye on this with Egypt's unrest Spot Gold has stabilized a bit and settled into a $12 channel since it's $32 up Zeroes ... while it is a near zero day the CBI came off of it's "air through a reed" today with the cash portion of 1.829M on decent but not high volume with 15 banks participating. The cash portion represents 1.6% or about 1/10th or less of a pre-Oct 7th cash portion. Everyone has their eyes on Egypt ... it is interesting to watch what happens when there is a "stumble" in that area. Gold and oil rocket up. Egypt's oil production is barely enough to meet their own needs as it has decreased by about 1/3 since 1996. The refinery capacity is higher than their output and is now refining imported crude although apparently not for their domestic use. Over the last decade Egypt has become a significant provider of natural gas to Europe. Along with the Suez Canal ... these are her largest revenue providing industries outside of tourism. Some liquified natural gas even makes it to the Americas. However, since domestic natural gas useage has increased significantly the Egyptian government has slowed further export growth. So good so far ... right? ... little of this should affect Europe or the Americas because the numbers are too low and the areas that it affects have other alternatives. Here's the problem: An unstable Egypt is cause for alarm for much of the rest of the world. First aircraft, carrying Iraqis and Arabs from Egypt lands in Baghdad: Foreign calls for Iraqis to stay away from Egypt to regions of tension Economic Expert: the events of Egypt will not affect the Iraqi economy Topics that RI/RV would solve: Turkey halts electricity supplies to Iraq Expert: the imposition of tariffs on food poverty increases These two articles have most of my attention ... I don't have a handle on their constitutional law and these concern me. Is al-Maliki continuing to bully the High Court or is this actually good for us? Maliki defended the decision to the Federal Court to cause the independent government bodies National Alliance will hold a meeting this evening to discuss the linking of independent bodies of the Cabinet Now we all hate the sound of this one for a bunch of reasons: Sadr gives the government one year to implement its commitment to provide services or a no-confidence vote That's all the time I have for this morning ... at first blush the rest of the news has a certain volume and sound of credibility to it ... right up to the part where they are going to meet within 24hrs ... no ... (you get the idea). Someone corrected me yesterday when I said "mediteranean" ... and that is correct ... I typed ME in my draft and when I went back I re-typed med instead of Middle East. I also know that I do it on a fairly regular basis ... as I've caught it hours later. Oh, well ... Peace to all. Doc31

Welllllllllllllllllllllllllllllllllllllllllll ... that $680M is something more like $27B-$29B if memory serves ... that came from the 5% going to the DFI funds at the FRBNY (I understand the money has been moved to Virginia ... Treasury? ... no one commenting on why that took place WHEN it did. I'm sure that's going to mess your math up. While I'm not a rate or date guy ... the MOF proposed $1.79 that the then seated Parliament rejected ... that's where the $3.210856yadayadayada came from. I'm not a $.03 kinda' guy ... not only will their economy not turn over on that amount ... someone could actually come in and buy Iraq cheap (yes, I know it isn't that simple ... but it is possible to control it via a similar mechanism). Peace Doc31 Sure there is ... Mohammed Salih! ... lol

Currency Auctions Announcement No. (1824) The latest daily currency auction was held in the Central Bank of Iraq on the 30-JAN-2011. The results were as follows: Details Notes Number of banks 9 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)66,450,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)66,450,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Normally I post the chart above and it's pretty self explanatory. Today ... not so much. I realize that currently the markets are closed and we are looking at close on Friday numbers. The chart belies something that COULD be of benefit to us. Take a peek. First here's Gold: Do you see what happened starting at about 9:30 (circled in yellow)? A $32 up in about an hour and a half!!! Folks, this is a volatile market ... but I don't care who you are ... the thing looks like a bottle rocket! Now take a look at this: Look familiar? Different timing but the same bottle rocket. There will be those that will tell you that it is the fluctuation of the dollar ... uh huh ... no ... me neither. Dbl Dinar called me with this info on Friday so I compared it with gold ... Well the CBI has only a few banks participating in the currency auction. Low volume and again minuscule cash portion of 450K ... almost a lay-over of last Wednesday. Clearly a near zero day but the volume since last Tuesday is very low. Breathing through a reed again. On to the news: Wow just read that article on buying 3 ships ... translation is awful ... but it seems that not only are they trying to get competitive bids for the ships but that port fees and dock worker (?) fees have been reduced to make them the most competitive in the region. Iraq wants to be the jewel of the Med. It seems that they are doing all that they can to foster that image and create an attractive alternative to existing options ... or lowering prices to bring in much needed revenue/cash (that was for you conspiracy theorists ... had to get it in here). That article is followed by the first tour group of the year (Taiwan) ... I told you ... wait until they build Disney Mediterranean! Nepotism is alive and well in the GOI as al-Maliki appoints his son to "assistant director to the office of the PM". Question: is this the guy who is reported to have stashed 1B IQD over the border for Daddy? Fact or fiction? ... who knows ... neither of us was there ... but it wouldn't surprise me at all. We see the Talabani, Barzani, Allawi triangle. Parliament resumes its session after their unearned and ill-timed vacation ... sorry, couldn't help myself. It says that they will be working on Federal Court ruling ... budget ... maybe ... but only if they feel like it and if they get around to it on Tuesday. I think it's clear how I feel about these ridiculous clowns. Yes, I know there is something else going on ... and you don't know what it is either ... am I right?! Me too! I was going to send you to the article about the CBI urging the government to take advantage of the deposits rather than borrow from it ... 32T IQD. Then I realized it was headlined by the MoPr ... Minister of Propaganda Mohammed Salih. Verify from another source before swallowing his swill. It is time for al-Maliki to go to Kuwait after the Emir's visit earlier in the month. I wish he was taking a check. Yes, I know that isn't how it's done ... I'm just wishing here! There is also an article announcing that $21B still remains of the debt. There are quite a few articles regarding utilities ... too many in fact ... distraction/news filler or becoming a priority. We'll have to wait and see. The thing I saw last night was quite a number of Kurd/Parliament oriented articles. Are the Kurds STILL in charge? That's all that I have time for. Peace to all Doc31

Very good ... I have to say that I'm surprised at the results though. To me it's simple ... we know what it would take to make their economy actually function ... that is over $1 ... the MOF said $1.79 which was rejected by the then seated Parliament which is where the $3.210856yadayadayada came from. If we assume $.10 which is about 100X what we spent ... and incidentally would make us "brilliant" investors/speculators/whatever ... knowing the date would allow us to leverage credit to purchase MASSIVE amounts of IQD (feeding kids is what we do ... if you know another way to stem world hunger let me know). I do understand for those who voted "rate" that if they knew it would be high they would buy more and be willing to wait longer. That seems backwards to me ... wouldn't you buy more if you knew the rate would be low to compensate for the lower rate and maximize your investment. I do understand that there are those who would be willing to release more cash if they had the "guaranteed" return to mull over. And, yes, I get the time factor ... if you've been in this 7 or 8 years and it comes out at $.01 (10X) that wouldn't be near as nice but since bank rates are so low that simply doubling your money in today's climate would take what ... over 20 years at 3.5%? This is 10X over 8 (worse case scenario). To me, this seems to be a "speculate from the gut" or for some, I'm sure, an emotional response ... and I'm not putting that down ... we are all wired differently. I reread this and see words like leverage, massive, compensate, and maximize ... lol ... it's a straight up math thing for me isn't it? I guess we know how I'm wired ... too funny. No, I appreciate this poll ... also gives me some insight into DV members. Peace Doc31

Currency Auctions Announcement No. (1823) The latest daily currency auction was held in the Central Bank of Iraq on the 27-JAN-2011. The results were as follows: DetailsNotesNumber of banks14 Auction price selling dinar / US$1170 Auction price buying dinar / US$1170 Amount sold at auction price (US$)85,018,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)85,018,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Oil down a bit but virtually the same ... note Dated Brent Crude is still at $97.84 Gold sliding and looks to be heading to Tuesday's lows ... remember it is still $200 higher than 6 months ago ... although it would be an appropriate response to a strengthening dollar ... ask yourself what would cause the USD to strengthen ... I know, that hasn't happened ... and the slide would be more dramatic if all of that is true. Zeroes ... wow, that didn't last long ... 85M is low (just as it has been for the last two days) with only 14 banks participating but the cash portion was a chunk (comparatively) 2.398M! What is that? 2.82% ... I know it's a far cry from the pre-October 7th percentages but since it is rounding the corner for 3% that is worth noting. (Yes, I realize that the volume is 1/2 or less of their recent norms but still). And for you conspiracy theorists the pdf file is once again not updated! Sooooooooo how do I know what the cash portion is???? Come on ... I have to have a few tricks ... err, some magic up my sleeve! Oh, did you notice that 1170 appears in both buy and sell. There's discussion of immediate update?! The 1170 is PROBABLY a clerical error as there is no spread and we are told that they pushed them apart slightly so that the locals could make a buck. We'll keep an eye on it though. Now ... I got a bunch of requests to join my group. So no one feels slighted let me explain. We didn't form a group ... it just happened. The reason that it happened though was to buy IQD collectively to get the best price and save ourselves the associated fees by spreading them out over all of the participants. That's it! In time folks began to ask questions ... I was studying hard so I began to answer them as best I could. I have two segments of "the group" ... the A.W.R.Y. crowd (Are We Rich Yet) who get 3-5 posts that I thought were important per week ... and the folks who suck the marrow out of an article who get things that are more edgy or speculative because they are more informed and can handle such articles. What I found in general was that I was answering virtually the same questions over and over. When I began posting the CBI Currency Auctions it was because no one wanted it, no one understood its relevence, no one was pairing it with spot oil and spot gold ... and then the zeroes came about. (Please if you don't understand those things ... just go to my profile and go back weeks/months and read ... I've covered all those and much more ... and I don't have the time to explain it again collectively or individually ... thanks.) I soon realized that it was an avenue for me to cover those things that folks were asking me so I put in writing what I expected to get in questions. When my group would call and ask me something I'd ask them if they read my post from today (or yesterday) ... if they hadn't I'd ask them to read it and then call me back if they still had questions. It cut down my repetitive question answering greatly ... because generally (when I have time to do it right) it lets folks know what I am thinking. I've said it many times but I'm going to do it again. I have no contacts/imbeds/banking relations in the Arab world or US ... it's just me sorting through the same stuff that you are looking for some continuity or glaring discrepancy. That's it! I am NOT a guru ... I'm just like most of you. SO ... THERE IS NO GROUP TO JOIN ... WE JUST BUY COLLECTIVELY ... THAT IS IT ... AND I SEND THEM HERE FOR WHAT I THINK. So please ... no one feel slighted when I don't answer you personally ... ok?! Okay, to the news: An article about Bin Laden with a chronic illness? Really?! Perhaps so we won't think when he meets Allah that his appointment was arranged by a Marine! There are several articles regarding the Kurds this morning ... control issues me thinks! If you don't have this link saved back please do it now ... it's the General Hugh Tant interview about the IQD ... I know when it was written ... but it covers a great deal about what most folks ask about the denoms. http://www.usip.org/...s/iraq/tant.pdf The spectre of judicial arrest threatens 50 billion dollars. The central Warns of Loss of protective umbrella funds abroad ... I took a good long look at this ... right up to the point that I realized that it was Mohammed Saleh. Put it on the back burner and wait for corroboration. We have the "he said she said" of meetings between al-Maliki and Allawi ... they are meeting ... no nothing scheduled ... such nonsense ... meet or don't ... but why tell us anything until it's over if it's such a big deal ... exactly! We also have various forms of ministry position concerns ... now, I'm still unclear as to whether they've actually been filled or not and this is smoke or not (that happens when you tell me day in and day out that they are filled ... no they are not ... well al-Maliki knows who he wants but he's holding out ... no, he's keeping them for himself to retain power ... a really creepy scenario ... no, it's ... exactly.) There are a couple of articles about their High Court ... apparently, reporting that they still have no stones ... you'll pardon me but it's the most gentle way that I could say it. A "thugocrat" working the system in a new democratically governed republic without the "checks and balances" required to reign someone like him in ... did I mention the REPORTED 4200 secret police at his disposal? ... no I don't know whether it is true or not either ... they're a secret! Sorry! Frank26 is discussing that "thugocrat" taking over the CBI ... no, I have no idea either ... seemed like a bad thing initially ... but one friend pointed out that there is a great deal of posturing in that part of the world ... then I realized that the UN's "plant" Dr. Sinan al-Shabibi hasn't been heard from. That started me thinking ... about 8 or 9 months ago (maybe more) there was an assassination attempt on Shabibi ... it was at that time that al-Maliki's life seemed to implode on him. So, I'm thinking that it's not threats ... Shabs has protection both physically and implied. Is it part of the plan? ... (this is where you conspiracy theorists jump in!) Wow ... I've nothing for the purists except the data ... I really slanted things this morning for the conspiracy theorists ... you'll forgive me. Perhaps it's just one of those mornings! Gotta' run that's all the time that I have. Peace Doc31

Currency Auctions Announcement No. (1822) The latest daily currency auction was held in the Central Bank of Iraq on the 26-JAN-2011. The results were as follows: DetailsNotesNumber of banks10 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)63,970,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)63,970,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets I enclosed the chart as well as the usual because you can see that oil has been on a nose-dive regardless that the synopsis chart says that it is up .6% ... in other words it isn't perfect for a perfect storm but it is within striking distance even at its current position ... oil is down off it's highs but it is still HIGH. Besides, we've all seen it run up $2 in 3 hours. After gold ran down $15 two days ago and bumped a new low it is back up a bit. Gold is at a 60 day low ... but folks, to say that it isn't in place is ludicrous ... its $200 higher than 6 months ago and ... just check out the graphs at the bottom of this link ... it's still higher than any other time in history other than the last month or so's $1424! http://www.kitco.com...s/livegold.html Zeroes and near zeroes continue ... yesterday and today produced lots of questions as there was little participation, low volume and still low "cash portion". Although yesterday's cash portion was 2.11% which is the highest since Oct 7th when the zeroes started ... it was because of minimal volume that you have to go back to November to see something close to it and then September as I recall. Today's volume is 33% - 50% of what has been normal as of late (OR ... 60M is low) and the 450K cash is miniscule. Participation is the thing to keep an eye on here ... as it appears that, for now, they are "holding their breath" again (as it were). If we take nothing else from this ... it definitely makes you want to go hmmmmmmmmmmmmmmmmm! I have no time to go sort out the news for you ... very busy. I understand from friends that there have been numerous shout-outs of "where's Doc31"? ... thanks for the nice comments that were left ... the funny ones too ... but I'm not sick ... just low on time. And after taking some shots from some who obviously have no clue who I am and what I'm about ... but totally willing to expound upon their lack of information/knowledge, I decided that I'd take a break and save myself the hour to 1.5 hours that it takes to write, check, re-write, proof, format, and post. It would seem to me that if folks didn't want to hear what I had to say regarding trying to sort the order out of the chaos that they just wouldn't read it. Not so on DV ... they make up nonsense. So, I decided to stop posting and save what I thought for my group ... they DO know who I am and what I'm about. I had a few moments this morning so I posted this ... it's not much but it's all the time that I have for it. Peace Doc31

Mohammed Salih is the "chicken little" of Iraq ... good catch. Google General Hugh Tant ... he's the guy who dealt with DeLaRue Peace Doc31

I have no idea whether a word of that is true ... but it's as good a story as any I've seen in the last couple of weeks ... it does speak to the non-news that we've been getting in that same time frame. Read it, put it on the back-burner, see if anything comes of it ... if not ... dismiss it. If it's fiction ... so what ... we'll know in short order. I don't get high or low over stories anymore. Peace Doc31

I had to chuckle over this one ... no kidding ... right?! RV......RI.....RV is the answer RI is simply $3.22 (some will argue $3.21) .... ALL the rest is RV ... lower and higher There are those who fuss with what Saddam did insisting what the IQD was worth. Do a little more research and find out when that was, where it had been previously, and oh, hey ... what ya' gonna do with that $4 range era? The probability of one over the other rests with RV because from 0 to infinity minus just one price is obviously grossly weighted toward RV ... that's the math ... the reality is that the MOF came back with what? ... $3.210856......... (or something close to that) ... someone knows ... but it isn't us. Yes, I know I didn't give you a probability on a particular rate ... but I don't do that. Peace Doc31

Interesting ... a friend contacted me to day to tell me that he had some on reserve ... when he received them ... they were 10K notes ... he was very surprised!

Oil off a bit at $90.62 at this hour

Currency Auctions Announcement No. (1817) The latest daily currency auction was held in the Central Bank of Iraq on the 19-JAN-2011. The results were as follows: DetailsNotesNumber of banks18 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)180,525,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)180,525,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Spot Oil about even Spot Gold down a little but running in a channel Zeroes ... it's a near zero day with 18 banks participating on reasonable volume of which the cash portion is 1.65M or .91% Yesterday much was being made of the "Indicative Rates" on the right side of the www.CBI.iq home page not being update. I posted several times trying to quell the hysteria but to no avail. Folks, how many times have I told you that the pdf wasn't updated for 7-10 days with a 1-3 day average ... exactly. They are as diligent about updating the indicative rates as they everything else. Will there come a day when they use this exact ploy to "trick" us? ... could be ... but most times it is an overworked (or lazy) webmaster. What's in the news? ... Then of course there's this one ... 1st reading Sunday 2nd reading Monday ... #3 is a CHARM ... what's a boy to believe right? I suggest what Frank26 advises ... don't listen to what they say but what they do. Here's my favorite ... a Mohammed Salih article! ... cbi-submits-to-parliament-a-new-law-combating-money-laundering. It might be true it might not but don't believe it until you see two other articles by someone else ... "chicken little" is a source of DISinformation! Here's an 2011 Iraqi Holiday Calendar (you'll need it ... so save it if you don't already have one). With this you can compare the Iraqi Parliaments frequent "no shows" against scheduled holidays. Don't forget the CBI ... be sure and looked for their "scheduled maintence" days ... an unscheduled "NO AUCTION" will make your heart race, right up until you discover that notice! Now this is not to be confused with the Kurd holidays (a whole different kettle of fish I'm afraid) ... After tomorrow, Thursday, and until next Tuesday a public holiday in Karbala on the occasion of Arbain Bombs ... Bombing in Baaquba leaves 78 casulties ... URGENT / Car bomb explodes near police training center in Diala I'd balance all of this against Frank26 post from last night. Gotta' run Peace Doc31

I think the problem is that these have been there forever and it doesn't address the lower denom issue ... at all. Google General Hugh Tant who was in charge of the IQD printing. You'll find an interview and several articles. The info you'll find will disagree with what we understand ... that when they were printed De La Rue printed 14 denoms ... of which 9 have been released. We've not seen the remaining 5. We are told that they will absorb the "000s" which is 1K, 5K, 10K, and 25K so minus 4 and plus 5 is 10. General Tant says something different. What would really be interesting to me is to know the EXACT coinage ... not what is shown on the site ... those are Dinar coins. We need the breakdown of fils. It is a newbie post for sure ... now, shake it off and go do some more research ... then come back and dazzle us! (Besides according to internetslang.com Zantac misspelled it ... how funny is that? ... no funnier than me looking it up to be certain of it's meaning B4 I commented! ... lol). Peace Doc31

Thanks for the graph ... I couldn't get the quote to post