quadraph0nic

yeah nice explanation if this were true..i mean its believable and I would be extremely happy if it were so but i don't think this part is correct: (a) Having the DFI ($280+ Billion USD) plus other frozen assets (estimated at $100 billion) turned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. http://www.iamb.info/ Look through these reports, they barely have $10 billion in the dfi fund...whatever they make they have been giving to ministries...and what money surplus were, was probably spent in the beginning and over the years funding various projects or even paying off war lords/tribal leaders who knows? They can't even be assured that whatever was in the dfi fund were all the funds and assets that iraq was entitled too. The whole thing has turned into a mess because you have these articles spouting off about 200 billion, where are they getting that figure?

ehh i told myself i wasn't going to post here anymore but for this once i will make an exception as i think this issue is a bit important... Development Fund for Iraq Results of Year End Audit presentation to the IAMB and COFE 27 April 2011 Paris - France www.pwc.com Private & Confidential http://www.iamb.info/pdf/PwC%20presentation%20to%20April%202011%20IAMB%20meeting.PDF page 11 "DFI does not maintain a complete records of all frozen assets which it is entitled to receive. Accordingly, completeness of those assets is not assured." A general disclaimer or a reason to play stupid and with hold info from us, which to me is the same as LIE-ING!! Okay lets assume DFI is like a checking account.... Is there a secret savings account to this thing? I mean seriously, all this stuffy talk and action by these organizations about how important this DFI is and for WHAT??? 10 billion dollars if that? Is that right? yeah, and now i dont know what to think about these articles refferring to 250 billion...Someone or some organization is not telling the truth. PERIOD.

Thanks Drox

are you asking for permission or applying for a job? Just share it, people will either like it or they won't

The 100,000 is coming get used to considering this idea....

:lol: :lol:

That's really sad that they keep doing this. people like this have zero credibility. I find myself leaning more to a place that's supported by Drox and Scooter. We just need to see that 100,000 dinar note.

Well Done Drox. I am glad you shared your thoughts and I agree with it 100%. Everyday I lean more towards the idea that nation building and the hammering out of the framework / infrastructure needed so one day the economy can prosper, for people to have more faith in their government, for businesses to run smoothly There are a lot of moving pieces to this thing but I certainly have to agree with your assesment that if indeed they come out with a 100,000 bill that would stave off Redenomination. Of course if I see a 100 denom instead then I will know its over... But why say Redenomination is their long term plan? Like I've always asked, why not do it now if your serious? They could have Lop'd years ago. Maybe they like us buying their dinar? Maybe they never had an intention to LOP? Thanks for sharing Drox, you help me think things out. I appreciate that.

long term = LOP so why wait? seriously, why wait on doing this. Its what I've said when i first came on this site why did they wait to do this? Because they need our participation to strengthen their foreign currency reserve? Now they have our money, we bought the heck out of it and we are a part of the reason they have a fat money supply... Now they are ready to do something. Long term plan is redenominate? So Iraq, pass the legislation, Educate your people, set a date, and be done with it. That's what other countries did. Why this long term stuff? and I hope Saleh is not lying about the long term plan... Something else is going on if they introduce a 100,000 note in how they go about drawing down this money supply. I'm not exactly sure but something has to be done with the cash they have floating out there but whatever or however they do it, they need to get it done because the word is out that they are supposed to grow more than china over the next two years per IMF per Hillarious....So expectation has been set and how they get their act together with the currency being just one of a few things will affect the economy and ultimately the perception of the significant investors (not ever you or I) is crucial for the development of Iraq's private sector...and if u noticed the article today, maliki wants to cut a lot of government jobs. Its a stupid amount of people in Iraq that work for the government infact more than china's government!...Last cbi has not updated their key financials for the M1/M2 since April.... And I go by what CBI reports, I know they say things in the paper and you hear all these #s floating around the forum but honestly, provide me a source...okay? I mean seriously, gimme a break. If its obvious to you well then spell it out but don't expect me to take your word for it and don't take my word either look all of what I said up... Lets cut the crap and get serious about this. all pumpers F*** off

AHA they came out and said it!!! I have my own ideas but I would really like to read what Drox has to say about this. Thanks in advance Drox

Well i didnt see so much a of a difference as their M1 is still reported at 50 trill. What's wrong with they key financials excel spreadsheet on cbi's website? ITs doesn't show what you want to see?

Basilthyme, I appreciate your post on this thread.

Oh you saw that too? Earlier this year Drox had a great take on the 100,000 note. There was a new article that said larger denom and small denom. I wish i had the link to it but that's what I immediately thought of. If they do it so be it because they are not going to print off another three zero note if their intentions are to LOP. Cost wise it doesn't make sense to introduce new currency with wrong face value. Plus they talk about making it easier for the people to use the currency. This would accomplish that and hopefully keep our dream alive. Nice catch Munson I hope its correct. And they will support the Trillions they have out their? The only data I have to go by is what's reported by the central bank of Iraq. What I would like to know is what kind of monetary policy are they going to go with to support those trillions (our millions)? Would they be allowed to ditch the whole reserve banking system? I know this country has the goods but those goods are in the ground. MMmm well unless those missing denoms have arabic and kurdish writing on them, i dont believe they were ever printed or maybe they were printed but never used because they are worthless and if that were the case then maybe someone made a big mistake printing them kind of like the coins in Iraq and how they are worthless, not even in circulation. Might be nice to get some of those and add them to my kids monopoly set.... Keep, i forget to bookmark stuff and sometimes i have bad memory. What was the name of the professor that was a conultant on the creation of the new iraqi dinar? I'm trying to back track my way back to an old article that I read a long time ago and it quoted shabibi saying it was unfair of the IMF decision to carry over all the bad things from Sadam to the NID and I remember i was reading about that professor when i came across that article. Thanks dude

Good Allawi get your butt out of the way and let them move forward for better or worse