Dinar News NO PLANS TO MAKE IQD 100 = $1 - CBI (released today March 03)

[OaklandXXX]

I personally don't believe this 1000 dinars to 1 US dollar, give me a break...

Sources: Central Bank recovered $ 10 billion, and implement a plan to equalize the Iraqi dinar in U.S. dollars

03/03/2010 Wednesday 18 - the first spring -1431

Financial sources familiar with the "home" for the restoration of the Iraqi Central Bank to more than $ 10 billion and deposits from the former regime seized in international banks, There are efforts to restore the funds other than the value of contracts and deals signed under Saddam Hussein's regime was supplemented after the war for the invasion of Kuwait in 1990.

The financial sources familiar with "Al-Watan that" the United Iraqi Alliance bloc that nominated Bayan Jabr Zubaidi the next prime minister after the election, betting on the disclosure of such information described terms to augment the Iraqi National Coalition election, especially with the assurances of the IraqiCentral Bank study revalue Iraqi by deleting the 3 zeros from the nominal value of the current, and the U.S. dollar equivalent of one Iraqi dinar.

Mudhir Mohammed Salih, adviser to the central bank raising project yellowing of the currency promoted by the government in 2007, "Central Bank Itboukh on the backburner" and expected to see the end of 2010 or early 2011 on the development project. "

In the meantime, the central bank will continue the policy of stabilizing the exchange rate dinar to the dollar, "Al-Watan" that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June, and on the extent of conflict this policy with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely exchange rate liberalization, thecentral bank adviser said that "Iraq is in transition toward a market economy as it targets the central bank has worked to achieve the stability of the dinar exchange rate after The fluctuation is a concern for the citizen. "

In response to the indictment of the central responsibility of rising inflation, despite the policy followed by the installation, Saleh said that "the Central is not interested in lower prices in the marketplace but is responsible for the overall level of prices, and inflation declined in the country and income for the first time arranged to one decimal place, a 6% after was 60% even though there is no price in the world series back to back, but important that the price hikes under control. "

For its part, said an economic expert, Dr. Salama Smeisim for "home," said the leaked information from sources close to the Central Bank of Iraq can put things in different scales and different, and is considered central bank's ability to retrieve these funds from large international banks, each claimant to intervene in monetary policy, which it is exclusively the prerogative of the central bank, particularly because a lot of economic advisers in the Iraqi government demanded to borrow from Iraq's financial deposits at the central bank to cover the deficit in the general budget of the government, said Simasim must "stop such claims at a certain without encroachment on the powers of the monetary authorities. "

She stressed the importance of "keeping the rule of the dinar, above all, because the existence of such quantities of cash allows the authorities concerned to use this cash to address the liquidity shortage faced by the Iraqi budget and is the argument or excuse invoked by some in his allusions to demand the seizure of the existing stockpile ofCentral Bank

Editor: AlMarsad

http://www.baghdadtimes.net/Arabic/index.php?sid=58968

http://translate.google.com/translat...68&sl=ar&tl=en

[Barbann]

Well this article does support the "managed float" they have been talking about. Going to the 1000 dinars per dollar is not really a huge jump. It also tells me that there is no rv anytime soon. They are much more concerned about keeping inflation at bay than the value of the dinar.

Edited March 3, 2010 by Mr. Phonics

[Barbann]

Hopefully, netinfo sees this, because it looks to be a terrible translation.

You could be right, and I hope you are. Otherwise if the sources in this article know what they are talking about we are in for a very long haul. NO rv anytime soon.

[john1025]

It makes perfect sense to me given their track record. I agree we will not see an rv anytime soon if this is correct. What's with all the bogus info we've been getting lately?

[Barbann]

It makes perfect sense to me given their track record. I agree we will not see an rv anytime soon if this is correct. What's with all the bogus info we've been getting lately?

I don't think it is intentionally bogus. I think that people are trying to "read between the lines" or interpret something that does not need interpreting. It simply needs to be taken at face value. Sort of say what you mean and mean what you say type of thing.

Unless things change drastically from what has been published over the last week or so, I tend to think this managed float they are talking about will take a couple of years. Oh well, good thing no one quit their day job over all this.

[bubbie]

I smell smoke. Bs! Make's me laugh how people will by in the neg article and not the positive one's

[emgee]

This whole article seems to be a bad translation, but:

seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars

Maybe this refers to raising the value 1000x... moving the decimal place 3x...1180 to 1.18.

Just pure speculation based upon what I see here.

[Joe P]

tell me anyone, why someone would be on this site spewing negative information. there is no reason for it. they are not investors. Who would benefit by selling negative stuff? The CBI...that's who. There are going to be trillions exchanged in the very near future...think they want more exchange then that?

[Barbann]

I smell smoke. Bs! Make's me laugh how people will by in the neg article and not the positive one's

Why do you think this is a negative article?? There is nothing negative or postive about this article. Just a reporting of the economic status in the country. Just because we don't WANT to believe that Iraq will continue on as they have been by "managing float" does not mean that it won't happen. This does fly in the face of an imminent rv and I am very sorry about that, but it still does not mean it can't happen. This doesn't make it negative, it makes it facts as they are stated in the article.

By the way, I have held Dinar since 04-05 somewhere around there and trust me when I tell you I have been both positive and negative and it hasn't affected the Dinar one way or the other.

[timsters]

Sinse when do we post what comes off other sites. Thought every one got mad when someone took our post and copyed them on there sites . Sounds like someone is trying to get under our skin at the last min. Hhmmmmmmmmm!!!show me a link to this b/s

[Barbann]

Sinse when do we post what comes off other sites. Thought every one got mad when someone took our post and copyed them on there sites . Sounds like someone is trying to get under our skin at the last min. Hhmmmmmmmmm!!!show me a link to this b/s

Timsters,

http://www.baghdadtimes.net/Arabic/index.php?sid=58968

Here ya go.. It is in the bottom of the original post. I copied and pasted it here , the Arabic version and you can hit the Google translate button. The translate link did not work for me. As for this being BS, well that is a wonderful declaration but I don't see any proof of that as of yet.

[Fi3ry_Ph03n1x]

(Tongue in cheek)

As this story doesn't seem to support an RV, it must be (choose your favorite comment):

A. A bad translation

B. Misinterpeted

C. An intentional smoke screen, or

D. All of the above.

Couldn't just be info that we don't want to hear. Too simple of an explanation.

FP

[dweave69]

Confusing info constantly comes out. We were told to expect it. Keep positive. It will help us all with this investment and life.

[Kent]

Well this article does support the "managed float" they have been talking about. Going to the 1000 dinars per dollar is not really a huge jump. It also tells me that there is no rv anytime soon. They are much more concerned about keeping inflation at bay than the value of the dinar.

Barb, thanks for being real and looking at things even-handed. Everyone knows you have no reason to be a "Negative Nelly" - gosh, you are a Mod. The (very) few of us who are investing believing in the probability of a more modest (but still attractive) return are constantly amazed at how the practical understanding of news is distorted to fit the senario they want. I still hope for an RV as well, but it simply isn't a plain understanding of what several of the articles in the last month seem to be saying IMO.

[hablrob]

has it not always been protocol for a gov't(that needs to rv) to deny an rv, then do it?

[Barbann]

(Tongue in cheek)

As this story doesn't seem to support an RV, it must be (choose your favorite comment):

A. A bad translation

B. Misinterpeted

C. An intentional smoke screen, or

D. All of the above.

Couldn't just be info that we don't want to hear. Too simple of an explanation.

FP

LOL..you are toooooo funny! Great post

[mrref]

Well Barbann I've been in it since july of 03 and I to have done a ton of research and contaced many people in the US and Iraq and I have to say not one person knew what they were talking about all speculations and rumors so I've heard all sides the good, the bad and the ugly lol. Now I do have to say this up until just recently I've come to respect two people and I really believe that they know what they are telling us, and they have no reason to misleads us. Thats Adam and Enorrste so as of right now that is the two that I am listening to.

[Barbann]

Barb, thanks for being real and looking at things even-handed. Everyone knows you have no reason to be a "Negative Nelly" - gosh, you are a Mod. The (very) few of us who are investing believing in the probability of a more modest (but still attractive) return are constantly amazed at how the practical understanding of news is distorted to fit the senario they want. I still hope for an RV as well, but it simply isn't a plain understanding of what several of the articles in the last month seem to be saying IMO.

Kent I agree with you. Believe me when I say that there is not one single person that holds Dinar that wants to see an amazing 3.86 overnight rv worse than me. That said, the information coming out of Iraq just does not lend credibility to that scenario ( and yes, I still would love to believe otherwise).

[clkelle]

no incentive to turn in the big bills

[lsvet]

Oak, you don't have believe, just give me your Dinar (if you have any) and no more worries!!

[mrzjordan]

Sources: Central Bank recovered $ 10 billion, and implement a plan to equalize the Iraqi dinar in U.S. dollars

03/03/2010 Wednesday 18 - the first spring -1431

Financial sources familiar with the "home" for the restoration of the Iraqi Central Bank to more than $ 10 billion and deposits from the former regime seized in international banks, There are efforts to restore the funds other than the value of contracts and deals signed under Saddam Hussein's regime was supplemented after the war for the invasion of Kuwait in 1990.

The financial sources familiar with "Al-Watan that" the United Iraqi Alliance bloc that nominated Bayan Jabr Zubaidi the next prime minister after the election, betting on the disclosure of such information described terms to augment the Iraqi National Coalition election, especially with the assurances of the Iraqi Central Bank study revalue Iraqi by deleting the 3 zeros from the nominal value of the current, and the U.S. dollar equivalent of one Iraqi dinar.

Mudhir Mohammed Salih, adviser to the central bank raising project yellowing of the currency promoted by the government in 2007, "Central Bank Itboukh on the backburner" and expected to see the end of 2010 or early 2011 on the development project. "

In the meantime, the central bank will continue the policy of stabilizing the exchange rate dinar to the dollar, "Al-Watan" that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June, and on the extent of conflict this policy with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely exchange rate liberalization, the central bank adviser said that "Iraq is in transition toward a market economy as it targets the central bank has worked to achieve the stability of the dinar exchange rate after The fluctuation is a concern for the citizen. "

In response to the indictment of the central responsibility of rising inflation, despite the policy followed by the installation, Saleh said that "the Central is not interested in lower prices in the marketplace but is responsible for the overall level of prices, and inflation declined in the country and income for the first time arranged to one decimal place, a 6% after was 60% even though there is no price in the world series back to back, but important that the price hikes under control. "

For its part, said an economic expert, Dr. Salama Smeisim for "home," said the leaked information from sources close to the Central Bank of Iraq can put things in different scales and different, and is considered central bank's ability to retrieve these funds from large international banks, each claimant to intervene in monetary policy, which it is exclusively the prerogative of the central bank, particularly because a lot of economic advisers in the Iraqi government demanded to borrow from Iraq's financial deposits at the central bank to cover the deficit in the general budget of the government, said Simasim must "stop such claims at a certain without encroachment on the powers of the monetary authorities. "

She stressed the importance of "keeping the rule of the dinar, above all, because the existence of such quantities of cash allows the authorities concerned to use this cash to address the liquidity shortage faced by the Iraqi budget and is the argument or excuse invoked by some in his allusions to demand the seizure of the existing stockpile of Central Bank

Editor: AlMarsad

http://www.baghdadtimes.net/Arabic/index.php?sid=58968

http://translate.google.com/translat...68&sl=ar&tl=en

[Fi3ry_Ph03n1x]

The question is:

As this story doesn't seem to support an RV, it must be (choose your favorite comment):

A. A bad translation

B. Misinterpeted

C. An intentional smoke screen, or

D. All of the above.

Couldn't just be info that we don't want to hear. Too simple of an explanation.

**********

So far, the audience poll results are:

Mr. Phonics, (A) Bad Translation

Bubbie, © Smoke Screen

emgee, (A & Bad Translation and Misinterpreted

Joe P, © Smoke Screen, with some conspiracy theory mixed in?

Timsters, © Smoke Screen, with "the missing link"

Dweave69, © Smoke Screen

hablrob, © Smoke Screen

clkelle, ( Misinterpreted

Well, the audience seems to think C, "Smoke Screen" is the right answer. Next, I think I want to use my "Phone a Friend" in CBI's middle management.

FP

[Fi3ry_Ph03n1x]

Oak, you don't have believe, just give me your Dinar (if you have any) and no more worries!!

Oh, shoot lsvet! I'm sorry that I forgot to include this option in the poll. I should have had "D" be, "Believe in the dream or sell and stop bothering me."

My Bad,

FP

[Fi3ry_Ph03n1x]

Thanks for the post, but OaklandXXX beat you to the punch. This is already being discussed in this thread.

FP

[kaperoni]

Three thoughts on this....it totally contradicts the introductions of smaller bills as already stated. Also, where is the draw of large bills from this activity? And lastly, how does this get them on the international market? IMO, more bogus intel and the RV must be much higher. That being said, I also am hearing rumors of a smaller RV through "boots on the ground" sources so obviously, this is a grand "counter" campaign going on to stop the excitement.