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The new currency


dinarck
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Printing money: How to create a currency

By Ben Morris

"It may, though, have to decide on how many denominations of note there will be and what they will be worth.

There is a useful rule of thumb to help with that.

Experts say the largest coin should be worth about 2% of the average day's wage and the smallest note should be worth 5% of the average day's wage."

http://www.bbc.co.uk/news/business-18180232

What is the average wage in Iraq?

The average yearly income in 2011 was 60,000,000 IQD ($5,200 USD) Yearly income for 2012 is projected to hit 7,000,000 IQD ($6,000 USD).

Links:

http://data.worldbank.org/country/iraq

Now do the maths

Smallest note = 5 New dinar = 5% therefore 1 New dinar = 1% average daily wage. = 14.24 cents

Average wage = $5200/year = $14.24/day one percent would be 14.24 cents

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Problem is, that was EXACTLY what Shabibi said....

As for 50 dinar note, my bad........" In 2003, new banknotes were issued consisting of six denominations: 50, 250, 1,000, 5,000, 10,000, and 25,000 dinar. The notes were similar in design to notes issued by theCentral Bank of Iraq in the 1970s and 1980s. A 500 dinars note was issued a year later, in October 2004. In the Kurdish regions of Iraq, the 50 dinar note is not in circulation."

Dinarck, if you keep thinking “ RV will ruin Iraq”, “Iraq will have to pay trillions to speculators” or how will Fed pay for RV….print trillions more dollars..?? , your parameters will be limited - to speculators line of thought

But, if you are Iraq (CBI and GOI)..…, given the task to : ~ RV your currency, return wealth to the your people, pull back trillions of dinars outside banks (including from speculators, internal & external); without ruining your economy and without having to give away your oil for the next thousand years. You will think differently Good luck…:D

:peace:

Zul wealth isn't "returned" by mega overnight RVs. Lol. The spewrews and hypesters have done a great job of making it seem that way but nothing could be further from the truth. Wealth is created by a skilled work force and jobs to place them in.

Yes a 100,000% RV would absolutely ruin Iraq. Inflation would be uncontrollable with a sudden influx of that kind of wealth. Please explain how it wouldn't.

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Pegged currencies base their value on the amount in circulation in relation to the amount in reserves. If you don't believe me please just google pegged currencies and see for yourself. Iraq has a M2 of over 70 trillion and over 60 billion in reserves. If you do the math this puts them right at 1166. It isn't a fake program rate, it isn't undervalued, it isn't a huge conspiracy to hide a RV. It is simple economics. Iraq can only value their currency based on what they can back it with in reserves. If you don't believe me then again please look it up. Something else you will find is that pegged currencies sell a large amount of those currencies in exchange for foreign currencies to help fill their foreign reserves. This is what Iraq has been doing for years.

Iraq only did the Auctions to keep it stable till they could put it back on the Market At Face Value , it's part of the Ten Year Program that ends Jan 1st 2013 . I understand what your trying to say , but Iraq can back up a rate of 3.87 it's in the IMF study report , there rate at 1166.00 is weather you like it or not a Manipulated rate for them , they are not like the other countries your trying to compare them to , that's comparing apple's to Oranges. Read the Ten year Plan and you will understand! If what you say is true then they wouldn't even come out 1 to 1 Jan 2013 like they say they will. Time will prove me right and your theory Wrong on this One. Iraq's Wealth did not disappear it was restricted in manipulating the currency from Sanctions and War. They now have more Wealth found in the Ground than ever before and pull more oil from the ground than ever before, have more contracts than ever before. They are in the top 3 wealthiest countries in the World !!!!

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Iraq only did the Auctions to keep it stable till they could put it back on the Market At Face Value , it's part of the Ten Year Program that ends Jan 1st 2013 . I understand what your trying to say , but Iraq can back up a rate of 3.87 it's in the IMF study report , there rate at 1166.00 is weather you like it or not a Manipulated rate for them , they are not like the other countries your trying to compare them to , that's comparing apple's to Oranges. Read the Ten year Plan and you will understand! If what you say is true then they wouldn't even come out 1 to 1 Jan 2013 like they say they will. Time will prove me right and your theory Wrong on this One. Iraq's Wealth did not disappear it was restricted in manipulating the currency from Sanctions and War. They now have more Wealth found in the Ground than ever before and pull more oil from the ground than ever before, have more contracts than ever before. They are in the top 3 wealthiest countries in the World !!!!

3.87? So that would put their M2 at 270 trillion worth 270 trillion USD. Haha...you do understand that is more than 5 times the amount of currency in circulation on the entire globe currently. Sorry but 10 year plan or not this isn't happening. Especially from a country with a measly 130 billion GDP.

Iraq is not wealthy. They are a dirt poor 3rd world country who can barely pay for their own budgets. You do know that they are borrowing money every year to pay their bills right?

If your 10 year plan says they will "come out" at a 1 to 1 "rate" then they are only speaking of after the RD. A RD would put them on par with the dollar overnight. A RV to 1 is completely impossible overnight. It is easy to read IMF documents and spin the information to mean a huge RV if you have been lead to believe that huge RVs are real which they are not.

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3.87? So that would put their M2 at 270 trillion worth 270 trillion USD. Haha...you do understand that is more than 5 times the amount of currency in circulation on the entire globe currently. Sorry but 10 year plan or not this isn't happening. Especially from a country with a measly 130 billion GDP.

Iraq is not wealthy. They are a dirt poor 3rd world country who can barely pay for their own budgets. You do know that they are borrowing money every year to pay their bills right?

If your 10 year plan says they will "come out" at a 1 to 1 "rate" then they are only speaking of after the RD. A RD would put them on par with the dollar overnight. A RV to 1 is completely impossible overnight. It is easy to read IMF documents and spin the information to mean a huge RV if you have been lead to believe that huge RVs are real which they are not.

I didn't say it would happen your reading to fast I said the IMF study report says they could sustain the rate of 3.87. They will come out 1 to 1 in Jan 2013 and within 3 to 5 years be right back up to there old rate or higher. Iraq was at 3.22 but the U.S. only honored there money at 2.22 what was there M2 then lol . Kuwait has nothing compared to Iraq's resources and look at there rate whats Kuwait's M2 :lol:

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I didn't say it would happen your reading to fast I said the IMF study report says they could sustain the rate of 3.87. They will come out 1 to 1 in Jan 2013 and within 3 to 5 years be right back up to there old rate or higher. Iraq was at 3.22 but the U.S. only honored there money at 2.22 what was there M2 then lol . Kuwait has nothing compared to Iraq's resources and look at there rate whats Kuwait's M2 :lol:

Google is your friend. You will see Kuwaits M2 compared to Iraq's hyperiflated M2. It's night and day.

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3.87? So that would put their M2 at 270 trillion worth 270 trillion USD. Haha...you do understand that is more than 5 times the amount of currency in circulation on the entire globe currently. Sorry but 10 year plan or not this isn't happening. Especially from a country with a measly 130 billion GDP.

Iraq is not wealthy. They are a dirt poor 3rd world country who can barely pay for their own budgets. You do know that they are borrowing money every year to pay their bills right?

If your 10 year plan says they will "come out" at a 1 to 1 "rate" then they are only speaking of after the RD. A RD would put them on par with the dollar overnight. A RV to 1 is completely impossible overnight. It is easy to read IMF documents and spin the information to mean a huge RV if you have been lead to believe that huge RVs are real which they are not.

You're thinking old Iraq and not the Iraq of the future. 1 to 1 would be crazy and almost impossible. I say almost, because anything is possible but this would be a stretch. Oil is wealth and when 65% of it comes from the Arab Gulf and 12% of that comes from Iraq, well it's not hard to see that they do have wealth. That doesn't even account for the fact that most of Iraq hasn't even been explored and doesn't take into account their natural gas revenue which lately is about equal to oil revenue. I would say Iraq is well on it's way to becoming wealthy. They certainly have had their issues(which happens when you are being controlled by a psycho for so many years), but they are certainly headed in the right direction.

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Hoopdog::There was an artcle in Bloomberg about oil 2-3 months ago ( dont have it anymore) that showed Iraqs production (2011) at 2.X% of world supply, Not 12.%! What is important is how much year over year it can increase production. YES they are a poor country! Currently floating 500Bn in dinar notes to cover budget sortfalls over several past years... So if the MOF was sitting on a stash of $ why would it not pay off the debt... Simple answer is they Dont have any excess $s.

..

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Ok so now explain to yourself how did Kuwaits M2 get where it is and why can't Iraq have the same :D or More :P

Iraq can have the same but they have to RD first. I am not sure the exact number of Kuwaits M2 but I assure you it is no where near 70 trillion. Lol. A RD would bring Iraq's M2 to 70 billion overnight. At this M2 they could RV with increase of oil production and reserves but I doubt it would be to 3 overnight.

Now let's look at what it would take to get their M2 to 70 billion without a RD. They would have to "remove" 69 trillion 930 billion dinar from circulation. That is 69 billion USD worth of dinar. Where is all that wealth gonna go? CBI vault? Burned?

The dinar is hyperinflated due to overprinting and Saddam not being able to back what he was printing. How is that any different than the CBI saying their currency is now worth 1000 times more with no way to back that value? And don't tell me oil. They have an estimated 20 trillion worth. That's not even a third of their M2 if they RVed to 1 which could never happen anyway.

You're thinking old Iraq and not the Iraq of the future. 1 to 1 would be crazy and almost impossible. I say almost, because anything is possible but this would be a stretch. Oil is wealth and when 65% of it comes from the Arab Gulf and 12% of that comes from Iraq, well it's not hard to see that they do have wealth. That doesn't even account for the fact that most of Iraq hasn't even been explored and doesn't take into account their natural gas revenue which lately is about equal to oil revenue. I would say Iraq is well on it's way to becoming wealthy. They certainly have had their issues(which happens when you are being controlled by a psycho for so many years), but they are certainly headed in the right direction.

The only oil that is wealth is oil that is out of the ground. Iraq is around 2.5 mpd last I checked which isn't very impressive. Granted their production will increase tremndously. This is my main beam of hope. That's if they don't RD which they seemed determined to do. If they do we probably wouldnt profit much after fees and dealer ripoffs but if they don't RD which I am hoping is the case then we technically could profit big in a few decades or maybe even less.

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Do you think Iraqis would trust the banks with stacks of 25,000 notes now worth 25,000 USD each? How would they get them to the bank without getting robbed? How can anyone believe that a 25,000 dinar note worth 25 US dollars now suddenly become worth 25,000 US dollars. Haha.

End Quote

Hmmm... This here sounds like a lot of good ole common sense that ANYBODY can comprehend ( no excuses about it whatsoever) so it can only mean you are looking for trouble....Smile....

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Dinarck,

I have a few questions for you:

1. Do you honestly believe the leaders of Iraq Maliki, Members of Parliament, etc... who probably currently own a large amount of dinar/USD are willing to take a LOSS? You base your facts on what you read which is normal, but have you factored in corruption which may be a main stay of that country?

2. The reval of the dinar concept/plan was conceived by the U.S. do you believe that the U.S. is no longer involved in the revaluation of the dinar? If so why?

3. You seem to be focused on what Shabs tell the people inside Iraq. How can you be sure there's not another plan(maybe conceived by the U.S., Iraq, and other entities) for those that are invested outside of Iraq who can help Iraq become stable? Please note Iraq will not automatically stand alone once they enter into the international trade they will still need help from the outside.

Will be waiting for you reply.

BTSC2000

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Hoopdog::There was an artcle in Bloomberg about oil 2-3 months ago ( dont have it anymore) that showed Iraqs production (2011) at 2.X% of world supply, Not 12.%! What is important is how much year over year it can increase production. YES they are a poor country! Currently floating 500Bn in dinar notes to cover budget sortfalls over several past years... So if the MOF was sitting on a stash of $ why would it not pay off the debt... Simple answer is they Dont have any excess $s.

..

http://www.radford.edu/wkovarik/oil/2worldoil.mideast.html

http://usgovinfo.about.com/library/weekly/aairaqioil.htm

http://www.brookings.edu/research/papers/2003/05/12globalenvironment-luft

http://www.cfr.org/iraq/iraq-oil/p7707

As you will see in these articles and there are many more out there, Iraq is in the situation it is in right now because they were not allowed to produce more oil to prevent them from getting in the hole they are now in. That is no longer the case and although it is going to take some time, maybe even a lot of time, Iraq will improve significantly because oil is money and they have a lot of it. In two places in the attached articles it clearly states that Iraq contains between 10-12% of the remaining known oil reserves, second to only Saudi Arabia. The key word being, KNOWN oil reserves. They are only beginning to explore and find more oil. So sure they are a poor country now, but I thought we bought in to this potential investment because of the possible future of Iraq? Well at least I did.

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Dinarck,

I have a few questions for you:

1. Do you honestly believe the leaders of Iraq Maliki, Members of Parliament, etc... who probably currently own a large amount of dinar/USD are willing to take a LOSS? You base your facts on what you read which is normal, but have you factored in corruption which may be a main stay of that country?

2. The reval of the dinar concept/plan was conceived by the U.S. do you believe that the U.S. is no longer involved in the revaluation of the dinar? If so why?

3. You seem to be focused on what Shabs tell the people inside Iraq. How can you be sure there's not another plan(maybe conceived by the U.S., Iraq, and other entities) for those that are invested outside of Iraq who can help Iraq become stable? Please note Iraq will not automatically stand alone once they enter into the international trade they will still need help from the outside.

Will be waiting for you reply.

BTSC2000

Hey BTSC. Thanks for the questions.

1. How would Iraqi politicians lose anything with a RD. It's a neutral event and they don't have to pay dealer fees or exchange dinar to USD. They live in Iraq. Spewrews have always used Iraqi politician greed as a tool to hype a RV that could never happen. No one knows better than Shabs, Maliki, and the rest that 100,000% RVs are fantasy. That's like saying do you really think Harry Reid would lose by not RVing the dollar by 1000 times its current worth?

2. The revalue of the dinar was not planned by anyone including the US. The invasion was more about securment of future resources. The US could care less about Iraq's hyperinflated currency.

3. Iraq doesn't need a massive RV to crash what little economy they have. What they need is manufacturing, technology, infrastructure, jobs, skilled workers, and an economy based on something other than oil. RVs don't deliver this. Leadership and stability do. If po dunk nation's could build all of this by RVing then what are they waiting for? They would have been done a hundred times but they all would have failed. Yes outside forces will help Iraq build. What does that have to do with their hyperinflated currency?

Those were good questions but really most of them were forum generated hype. There is no evidence of a master plan by anyone as far as the dinar is concerned but that hasn't stopped the hypesters from trying to convince everyone otherwise.

Kuwait's M2 is 29.193 Billion dinars, a mere fraction of Iraq's 72 Trillion.

Thanks happy. Can't really research much from my phone.

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They will come out 1 to 1 in Jan 2013 and within 3 to 5 years be right back up to there old rate or higher.

End Quote

Vizio....I for one would more than love that as I do need the money real bad.....

I guess I'll talk to you in Jan.2013 then....

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Greetings Dinarck,

Please read and let me know your thoughts. FYI.....You should be able to verify the current amount of DFI funds on the UN website.

THIS POST DOES NOT BELONG TO ME IT WAS POSTED IN OCT. 2010........ THOUGHT IT MIGHT HELP WITH INSIGHT ON WHERE WE ARE NOW AND WHERE WE"RE HEADED......

THis was sent to me in an email this morning under the title: Interesting read from "Investors Hub". (Posted 10/10/2010)...! This has been posted months ago by "Economist" here on Dinar Vets. It's a good read - ENJOY...!

RON

Economist Explains How The Plan To Have The IQD RV at 1 IQD = $1 USD Should Work!

In our 40+ year career as a Retirement Consultant we have been blessed to meet some very talented professionals. One of them is a retired State Dept. economist who introduced us to the IQD investment in 2005. He had worked on the original plan to install a new monetary system for Iraq after the 2003 invasion.

He had originally indicated that the plan was for the IQD to achieve financial parity with the USD over a 7-10 year period from the introduction of the new system. At that time the USD’s use would be completely discontinued and it would be replaced by the IQD for in-country use and international exchange. The variable factor in the timetable would be the political environment.

I visited with him recently and got an update on several issues:

(1) He indicated the original time table was proceeding on a fast track due to the financial management skills exhibited by the CBI and the Finance Ministry in (1) controlling the rate of inflation, (2) controlling the value of the IQD in a declining economic environment and (3) implementing a digital banking system both internally and externally, but the variable was still the political environment.

Like most economist he doesn’t talk in absolutes (i.e. rate/date) but in probabilities. His knowledge base is pretty current since he is still part of a subsection of the original group that Iraq, State Department and IMF financial people bounce things off of.

(2) We raised the issue of the large number of IQD reported as being in circulation (current estimates are at 25 Trillion). He indicated this was mostly made up of (1) in country physical currency, (2) the foreign currency reserves of the central banks around the world which are electronic, (3) currency that had been printed but not released (i.e. small denomination bills) and (4) privately held physical currency sold to increase the foreign currency reserves.

The export oil revenues are still under the control of the UN supervised DFI, and Iraq only gets roughly 30% of the fair market value of the oil they are selling, which is to be used only for budgetary expenditures. Since Shabbi, the head of the CBI, knew he couldn’t get anymore cash flow out of the controlled revenue system the IMF/UN had him under, he opened a currency sales window at the daily auctions to tap into the wallets of the worlds speculators. Worked pretty good, since he’s built his foreign currency reserves to over $50 billion USD.

(3) We then moved to the removal of big bills (the ones with the 3 zeros on them) and he said that this activity was always built into the plan. The activity was to begin as soon as Iraq had implemented a modern digital financial system (i.e. bank branches, credit/debit cards, ATM’s, direct wire transfers etc.). The removal of the large bills in-country would be the reverse of the process that was used to remove the pre-2003 currency with Saddams picture on it. The example was a 25,000 IQD=$25USD/pre-rv note would be brought into the bank and exchanged for a 25 IQD note=$25 USD post/rv. The 25,000 IQD note would then be destroyed removing it from the currency in circulation account. I told him a lot of people would call that a LOP and he laughed, saying they are partially right, because 25,000 IQD was being lopped from the currency in circulation account, but the only reason for this process was to improve money handling ability at all organization levels, and reduce the actual physical currency in use in all areas of the Iraq economy.

Interestingly enough, he said this activity could happen in-country without an approved RV rate being released to the International financial system. I asked how much physical IQD did he estimated was in circulation in-country, and he said probably less than had been originally introduced in 2003 which was about $4.5 billion USD worth at an exchange rate of 2000 IQD = $1 USD, because there has been a continuous process of not replacing the larger bills as they wore out. In fact this has resulted in currency shortages in some areas.

(4) The next obvious question was how would the removal of the large bills with the three zeros work outside of Iraq, because of the number of world speculators holding IQD. He indicated, the amount of IQD held by speculators was relatively minor (less than 10%) compared to the IQD held as foreign currency reserve by the central banks of a number of major countries (US, China, England & France were the largest) with major financial interest in Iraq. He didn’t have an exact estimate of speculator holdings but ventured an educated guess of 750,000 individuals worldwide with the majority in the US. Estimated value of their holdings $1.5 Trillion – $1.7 trillion IQD.

The remainder of the discussion will be posted in Part 2.

__________________

IRS Circular 230 requires that those enrolled to practice before the IRS should state when general information is given, that it “SHOULD NOT BE CONSIDERED PROFESSIONAL ADVICE”. We strongly encourage all investors to consult with their own professional financial team.

Economist RV Explantion – Part II

--------------------------------------------------------------------------------

(5) Before discussing the planned process of how currency exchange would take plan after the IQD was released as an international tradeable currency, he asked if I remembered my economics 101 and what the real purpose of currency is? Yes teacher I replied, it’s a medium of exchange that facilitates the orderly distribution of goods and services among individuals, companies, country’s etc. The often used example, is the use of currency allows an automobile dealer to exchange a new mustang GT (composed of many diverse parts each with its own individual market value) for the cash down payment + bank financing check of a proud new owner, and each has received equal market value at the moment of exchange.

This is an important concept because the value of a particular currency may be defined by the value of what the currency can be exchanged for, instead of the usual underlying economic indicators.

The complete discussion was rather lengthy so here’s the executive summary of how the exchange should work with IQD owned by a US speculator:

(1) IQD is released internationally with an exchange rate of $1 USD = 1 IQD

(2) IQD is exchanged by Mr. & Mrs. X at Bank Y. Their exchange value is credited to their designated financial account, Bank Y forwards the IQD currency to the Federal Reserve and Bank Y’s account is credited at the bank private exchange rate. Yes, the banks will have a private rate and then they will add their profit spread to come up with their public rate. By law this bank spread could be as high as 8%, but it will be a competitive marketplace and the banks know investors will shop around. There is a possibility that there might even be a three rate structure (i.e. Treasury Rate – Bank Private Rate – Bank Public Rate) imposed, but he had no input on that subject.

(3) The Federal Reserve adds the value of the exchanged IQD to their foreign currency reserve accounts and destroys the actual physical currency under agreement with the CBI, which serves to reduce the total IQD physical currency in circulation. This build up of the foreign currency reserve accounts serves to strengthen the USD in the marketplace, because heretofore the US has never held significant foreign currency reserves, because there wasn’t any country whose currency was perceived as being equal to or stronger than the USD. The IQD with it’s commodity (oil+others) base, potential for agriculture growth and aggressive private development growth, has the capability to become the most valuable currency in the world in the 10 years after it’s revaluation and approval as an internationally recognized currency. Other countries have lots of oil, but they can’t feed themselves, they operate under a monarchy or religious tribunal and they have no private development system in place.

(4) Mr. & Mrs. X tithe to their church, local charity etc. which stimulates activity in that sector. They pay off their debts, making currency available for re-lending by their creditors. They buy a new house and car which stimulates their local economy and set up a conservative investment portfolio which adds capital to the investment markets. They also pay their estimated taxes which increases the cash flow to the US Treasury.

(5) The Federal Reserve under a controlled redemption plan supervised by the IMF, will use it’s foreign currency reserve IQD account to buy oil for the national strategic reserve, DOD reserves, other country reserves as part of international support agreements or resell it to private oil companies etc.

This gives the Federal Reserve a powerful market force capability to control the supply/price of imported oil which has far-reaching economic and national security implications.

The economics of this scenario look like this, using the exchange of a 10,000 IQD Note with a two-tier 2% bank exchange spread as an example:

(1) Mr. & Mrs. X get $9,800 credited to their non-interest bearing checking account.

(2) Bank Y gets a $10,000 credit to its Federal Reserve account, and by adding the $200 profit to their capital account, allows them to increase their lending cap by $2,000 under the 10% fractional banking model.

(3) The Treasury gets $3,500 in estimated taxes in the quarter after the exchange, because Mr. & Mrs. X are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the net cost of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).

(4) The Fed’s designated agent, at some point, orders $10,000 worth of oil from Iraq. Payment will consist of a 10,000 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

(5) The $10,000 order is filled with 200 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

(6) The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to 10,000 IQD (which had a net acquisition cost of $6,500 USD) for 200 barrels of oil (which has a net cost to produce of $130 USD.

Simply put, it cost Iraq $130 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $10,000 worth of oil for a net cost of $6,500. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Now let’s really stir the pot by:

(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.

( Then change the current fractional IQD reserve requirements of 100% to 15%. That just raised the total potential money supply value to $2.8 Trillion (430 billion/ 15), while at the same time the total physical IQD in circulation is being reduced by removing the large bills with the 3 zeros.

© Also execute the plan Iraq announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

(d) To add a little more intrigue have the CBI continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market, think of their impact in public markets.

We leave it to your analytical ability to determine how high of an RV exchange rate IRAQ can really support. There is strong political pressure to set the initial rate at $3.22 USD = 1 IQD, so it can be proclaimed that IRAQ has moved back into the International community of nations and has re-established it’s currency at the internationally traded rate in effect before Saddam invaded Kuwait in 1990.

.__________________

IRS Circular 230 requires that those enrolled to practice before the IRS should state when general information is given, that it “SHOULD NOT BE CONSIDERED PROFESSIONAL ADVICE”.

Read more: http://dinarvets.com.../#ixzz1Qup5Nyyl

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Hey BTSC. Thanks for the questions.

1. How would Iraqi politicians lose anything with a RD. It's a neutral event and they don't have to pay dealer fees or exchange dinar to USD. They live in Iraq. Spewrews have always used Iraqi politician greed as a tool to hype a RV that could never happen. No one knows better than Shabs, Maliki, and the rest that 100,000% RVs are fantasy. That's like saying do you really think Harry Reid would lose by not RVing the dollar by 1000 times its current worth?

a. The politicians would lose the ability to gain more wealth with a RD. With wealth comes power and with power comes control ask Iran.

b. they don't have to pay dealer fees or exchange dinar to USD Seems it would be more of incentive for Leadership to RV instead of RD. It's tax free!

2. The revalue of the dinar was not planned by anyone including the US. The invasion was more about securment of future resources. The US could care less about Iraq's hyperinflated currency.

a. The invasion was more about securment of future resources. This answer confuses me if the invasion is about securement of future resources are you saying the U.S. invaded Iraq to secure Iraq's future resources and afterwards decided to walk away?

b. Can you provide documentation that the U.S. could care less? It seems to me there would be more of a U.S. interest, our soldiers invested their lives! That's very hard for me to believe and that would be an insult to the American lives that were lost. In addition remember the U.S. invested/is invested in rebuilding IRAQ.

3. Iraq doesn't need a massive RV to crash what little economy they have. What they need is manufacturing, technology, infrastructure, jobs, skilled workers, and an economy based on something other than oil. RVs don't deliver this. Leadership and stability do. If po dunk nation's could build all of this by RVing then what are they waiting for? They would have been done a hundred times but they all would have failed. Yes outside forces will help Iraq build. What does that have to do with their hyperinflated currency?

a. I'm not saying an RV delivers economic stability, but I do believe the RV is a crucial start to economy ability for the Iraq people. It will give them a better quality of life, bring in manufacturing, technology, infrastructure, jobs, skilled workers, and an economy based on something other than oil to the forefront.

BTSC2000

Thanks happy. Can't really research much from my phone.

Edited by BTSC2000
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Ok to disagree Dinarck....:)

I never said..Iraq have to have trillions to pay for the RV. Here's the clue...a bank does not have to have a billion to loan a billion...;)

Actually, yes they do. In fact, at 10% fractional banking, they'd have to have 1.1 billion. It appears you've been misled about how fractional banking works. Google it and become enlightened.

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Dinarck,

Hey BTSC. Thanks for the questions.

1. How would Iraqi politicians lose anything with a RD. It's a neutral event and they don't have to pay dealer fees or exchange dinar to USD. They live in Iraq. Spewrews have always used Iraqi politician greed as a tool to hype a RV that could never happen. No one knows better than Shabs, Maliki, and the rest that 100,000% RVs are fantasy. That's like saying do you really think Harry Reid would lose by not RVing the dollar by 1000 times its current worth?

a. The politicians would lose the ability to gain more wealth with a RD. With wealth comes power and with power comes control ask Iran.

b. they don't have to pay dealer fees or exchange dinar to USD Seems it would be more of incentive for Leadership to RV instead of RD. It's tax free!

2. The revalue of the dinar was not planned by anyone including the US. The invasion was more about securment of future resources. The US could care less about Iraq's hyperinflated currency.

a. The invasion was more about securment of future resources. This answer confuses me if the invasion is about securement of future resources are you saying the U.S. invaded Iraq to secure Iraq's future resources and afterwards decided to walk away?

b. Can you provide documentation that the U.S. could care less? It seems to me there would be more of a U.S. interest, our soldiers invested their lives! That's very hard for me to believe and that would be an insult to the American lives that were lost. In addition remember the U.S. invested/is invested in rebuilding IRAQ.

3. Iraq doesn't need a massive RV to crash what little economy they have. What they need is manufacturing, technology, infrastructure, jobs, skilled workers, and an economy based on something other than oil. RVs don't deliver this. Leadership and stability do. If po dunk nation's could build all of this by RVing then what are they waiting for? They would have been done a hundred times but they all would have failed. Yes outside forces will help Iraq build. What does that have to do with their hyperinflated currency?

a. I'm not saying an RV delivers economic stability, but I do believe the RV is a crucial start to economic ability for the Iraqi people. It will give them a better quality of life, bring in manufacturing, technology, infrastructure, jobs, skilled workers, and an economy based on something other than oil to the forefront.

BTSC2000

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