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Medic 3-26-2010


k98nights
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> Med: 289 OF THE 298 MEMBERS OF PARLIAMENT WERE BOOTED OUT

> Med: ONLY 9 MEMBERS 4 OF WHICH WERE KURDS RETAINED THEIR SEATS IN

> PARLIAMENT

> Med: 289 WERE DEFEATED

> Med: AND ARE GONE

> Med:

> http://www.***************.com/showt...ut-of-only-298

> -will-enter-the-Iraqi-parliament-next&p=25731

> Med: THAT WAS AMAZING

> Med: I WILL BE BACK

> Med:

> http://www.***************.com/showt...Commission-ann

> ounced-this-evening-by-the-final-results-amid-tight-security&p=25732

> Med: OK I AM LOOKING AT INFO ON THE ELECTION

> Med: GIVE ME A FEW MIN

> Med: AND WE WILL DISCUSS SOME THINGS

> Med: HERE IS A TIDBIT FOR YOU

> Med: DO YOU KNOW THAT IRAQ HAS 150 OFFICIAL HOLIDAYS OFF A YEAR

> Med: MORE THAN ANY OTHER COUNTRY IN THE WORLD

> Med: ON A 30 DAY MONTH AVG

> Med: THAT MEANS THEY DON'T WORK FOR 5 MONTHS OUT OF A YEAR

> golncor: well, they count their weekends as official holidays thats lame.

> americans get

> weekends too.. we never counted them as holidays

> Med: NO GOLCNOR

> Med: THERE IS A BIG DIFFERENCE

> Med: AND YOU NEED TO THINK BEFORE YOU PUT THAT OUT

> Med: SUNDAY IS WHAT

> Med: IT IS NOT A WEEKEND

> golncor: the same as our Monday

> Med: BUT IT IS NOT IS IT

> Med: YOU WILL LOSE

> Med: HONEST

> Med: THEY TAKE 30 PLUS DAYS ALONE FOR RAMADAN

> Med: AND YOU ARE TALKING ABOUT A COMPLETELY DIFFERENT SOCIETY

> Med: COMPARING OUR SOCIETY TO THEIRS IS LIKE COMPARING A WWI FIGHTER

> TO THE MODERN STEALTH

> Med: AND IF YOU TAKE OUR HOLIDAYS

> Med: WE DO NOT CELEBRATE THEM ON WEEKENDS

> Med: WE MOVE THEM TO A MONDAY OR FRIDAY

> Med: EXCEPT FOR THOSE THAT HAVE A SPECIFIC DATE

> Med: LIKE THE 4TH OF JULY

> Med: BUT AS I DO KNOW HOW THE GOVT DOES IT IN THE U.S.

> Med: THEY ALWAYS MOVE THEM TO A MONDAY OR FRIDAY

> Med: AS OUR THANKSGIVING IS A SPECIFIC THURSDAY ALWAYS IN NOVEMBER

> Med: AND THEIR HOLIDAYS MANY TIMES ARE BASED ON WHAT?

> Med: THE CRESCENT OF THE MOON

> Med: IT WAS ONLY A TIDBIT THAT WAS IN THE GAZETTE

> Med: I DIDN'T KNOW IT WOULD TURN INTO SOMETHING THIS LONG SORRY

> Med: NOW I TOTALLY UNDERSTAND THE HUM DRUM ATTITUDE OF LATE WITH

> THIS INVESTMENT

> Med: BACK IN OCTOBER IT SEEMED LIKE IT WAS GOING TO HAPPEN AND HIT IT'S

> PEAK IN NOVEMBER

> Med: THEN THE BOTTOM DROPPED OUT

> Med: THE NOW DEFUNCT PARLIAMENT FROM THE BLOC IS GONE

> Med: AND ONLY A FEW HAVE SURVIVED THE PURGE

> Med: WHICH I THINK IT IS OUTSTANDING

> Med: IT SHOWS WHAT MANY IN THIS COUNTRY COMPLAIN WHY THEY DON'T VOTE

> Med: THAT IT DOES COUNT

> Med: AND MAJOR CHANGES ARE COMING

> Med: I HONESTLY BELIEVE FOR THE GOOD

> Med: I ALSO HAVE HAD THE SAME FEELINGS AS MANY

> Med: THOUGH KNEW IT WAS GOING TO HAPPEN

> Med: JUST THAT IT WAS ONE DARN THING AFTER ANOTHER THAT SEEMED TO

> POP UP

> Med: I REMEMBER BACK IN NOVEMBER OF 08

> Med: THE TWO MAIN ISSUES WERE THE SOFA AND HCL

> Med: WE ALL THOUGHT WHEN THEY WERE DONE

> Med: THE RV WAS COMING

> Med: THEN I STARTED TO STUDY THE IMF

> Med: AND REALIZED THEN THAT THERE WAS NO WAY THEY COULD REVALUE

> Med: THEY DIDN'T HAVE THE AUTHORITY TO DO IT

> Med: I WILL GET BACK TO THAT

> Med: WELL THE SOFA WAS SIGNED AND RATIFIED

> Med: IN DEC 08

> Med: SAME TIME WE GET THAT CHASE AND BOA WERE ALL STOPPING THE SALE OF

> IQD IN THE U.S.

> Med: BUT AT THE SAME TIME BOTH THESE INSTITUTIONS BECAME MAJOR

> PLAYERS IN THE WARKA AND THE TRADE BANK OF IRAQ

> Med: THEN THEY ARE RELEASED FROM A MAJOR UNSC RESOLUTION AND ARE

> TOLD THAT THEY ARE NOW A SOVEREIGN NATION BY THE UN

> Med: WHICH TURNED OUT TO BE TOTALLY FALSE

> Med: AND WE ALSO HAD PRESIDENT OBAMA ALMOST IMMEDIATELY CUT OFF

> BILLIONS IN MONTHLY AID TO IRAQ

> Med: WHICH LEFT THEM IN A HUGE LOSS OF REVENUE

> Med: WHICH WAS USED TO PAY THE MILITARY AND THE AWAKENING

> Med: THEN IRAQ DECIDED TO OPEN UP THE OIL INDUSTRY TO FOREIGN OIL

> COMPANIES

> Med: BUT IRAQ AGAIN MADE A MISTAKE

> Med: THEY TOLD THE COMPANIES THEY WOULD NOT HAVE A CONTROLLING

> INTEREST IN THEIR OWN COMPANIES. BUT WOULD HAVE TO USE ALL THEIR

> OWN FINANCING TO BUILD THE REFINERIES AND FIELDS AND WOULD HAVE NO

> GUARANTEES THAT

> Med: THEY WOULDN'T OR COULDN'T BE GIVEN THE BOOT AT ANY MOMENT

> Med: WELL IRAQ WASTED TWO MONTHS ON THIS

> Med: BEFORE THEY FINALLY REALIZED THAT NOONE WAS GOING TO JUST HAND

> OVER BILLIONS IN DEVELOPING THEIR FIELDS WITH NO GUARANTEES OF

> PROFITS LONG TERM

> Med: SO THEY MADE CHANGES

> Med: INSTEAD THOUGH OF PASSING THE HCL

> Med: THEY TOOK 1/2 OF IT AND PASSED IT AND INCORPORATED IT INTO THE

> CURRENT OIL AND GAS LAWS

> Med: GIVING THESE COMPANIES 75

> Med: 75% CONTROLLING INTEREST

> Med: LONGTERM LEASES

> Med: AND EVEN ABLE TO BUY AND OWN PROPERTY IN IRAQ

> Med: THEY PUT OUT BIDS FOR REFINERIES AND TO DEVELOP THE NATURAL GAS

> IN THE SOUTH

> Med: AND TO DEVELOP MANY IN THE AREAS BELOW THE BORDERS WITH

> KURDISTAN

> Med: AND AT THE SAME TIME SINCE THE HCL WAS NOT PASSED

> Med: BUT SINCE THE HCL WAS NOT BEING PASSED AT LEAST THE PART THAT

> EFFECTED THE KURDS

> Med: WHICH WAS REVENUE SHARING

> Med: TALABANI TOOK IT UPON HIMSELF TO GO UP TO KURDISTAN AND OPEN

> THE VALVES AND LET THE OIL FLOW FROM THE NORTH

> Med: THIS GAVE THE GOI A HUGE BOOST

> Med: IN OIL REVENUES

> Med: SINCE THE KURDS HAVE ONE OF THE HIGHEST STANDARDS OF LIVING IN

> THE MIDDLE EAST

> Med: THEN IN FEB 09

> Med: THE WTO AND IMF CAME TO THE GOI AND WANTED THEM TO REVALUE THE

> IQD AND THE WTO WANTED THEM TO APPLY FOR MEMBERSHIP

> Med: BUT THE MOF TURNED DOWN THE WTO AT THAT TIME

> Med: HE SAID IT WAS TOO EXPENSIVE FOR IRAQ TO BE A MEMBER

> Med: AND IRAQ TOLD THE IMF THAT THEY DID NOT WANT TO ENTER AS A

> MEMBER IN FULL THAT IT WOULD NOT BENEFIT THEM

> Med: THAT THEY WANTED TO DO THINGS ON THEIR OWN

> Med: THAT BEING UNDER THE IMF AND IT RULES WAS THEM GIVING UP THEIR

> SOVERIEGNTY

> Med: WHEN THE IMF LEFT IRAQ AND THE SBA WAS OVER ON MARCH 18TH, 2009

> Med: UNEMPLOYMENT WAS AT 18%

> Med: INFLATION WAS AT 4.7

> Med: SINCE THE GOI TOOK OVER ON IT'S OWN

> Med: UNEMPLOYMENT HIT A HIGH OF 28%

> Med: AND NOW INFLATION IS GOING UP

> Med: THEY ARE NOW AT OVER 6%

> Med: HOW IF AN RV IS SUPPOSE TO INCREASE INFLATION

> Med: WELL THE IRAQI BUDGET FOR 2009 WAS IN THE TANK

> Med: THEY DID NOT HAVE THE FORSIGHT AS MOST AMERICANS WHO KNOW

> THAT OIL OR GAS PRICES AT THE PUMPS ALWAYS RISE IN THE SUMMER

> Med: THE PREVIOUS YEAR THEY THOUGHT ALL THAT MONEY WAS GOING TO BE

> CONSISTENT

> Med: IT WASN'T

> Med: THE 150 A BARREL DISAPPEARED

> Med: IT WENT DOWN INTO THE $30'S

> Med: AND THE GOI HAD NOW A DEFICEIT OF 27%

> Med: THEY ASKED OBAMA TO PICK UP THE TAB FOR THE MILITARY FOR THE REST

> OF THE YEAR

> Med: HE REFUSED

> Med: TELLING THEM THEY NEEDED TO STAND UP ON THEIR OWN FEET AND GET

> THINGS MOVING

> Med: THEN THEY STARTED THE LONG DRAGGED OUT NEGOTIATIONS WITH THE

> IMF

> Med: THIS WAS DONE BY SHABIBI AND THE MOF JABR

> Med: AT THE SAME TIME SOMETHING NOBODY HEARD OF CAME UP

> Med: CHAPTER VII

> Med: AND THAT THEY WERE NOT A SOVEREIGN NATION AS THEY THOUGHT

> Med: THEY OWED KUWAIT BILLIONS, SAUDI ARABIA BILLIONS

> Med: THEY HAD NOT MADE AN EFFORT TO RETURN ANTIQUITIES AND

> DOCUMENTS STOLEN ON THE PURGE AND RETREAT

> Med: THEY HAD NOT MADE AN EFFORT IN 19 YEARS TO RETURN THE BODIES OF

> 300 PLUS KUWAITIS

> Med: AND THEY HAD DONE NOTHING TO SETTLE THE BORDER ISSUES IN 19 YEARS

> Med: THEY ALSO OWED JUST ABOUT EVERY COUNTRY IN THE WORLD BILLIONS

> Med: THEY HAVE NO TRADE AUTHORITY

> Med: AND STILL DON

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> Med: NOW BACK TO THE MONTH OF MAY

> Med: THE G20 MEETS IN LONDON

> Med: TURNS OVER MOST OF THEIR CONCERNS TO THE IMF

> Med: ALONG WITH 1.5 TRILLION USD TO HELP BOOST THEM BEING ABLE TO

> ASSIST THE SMALLER NATIONS SINCE THE LARGER COUNTRIES HAD MAJOR

> PROBLEMS OF THEIR OWN

> Med: AND THE LONG DRAWN OUT BATTLE BEGINS WITH KUWAIT

>>Med: THEN AT THE END OF JUNE ALL MULTI NATIONAL FORCES ARE GONE

>>Med: AND ONLY THE US IS LEFT

>>Med: BECAUSE OF THE SOFA AGREEMENT

>>Med: WHICH ACTUALLY WAS TO BE FOR 36 MONTHS

>>Med: BUT OBAMA SAID WE ARE OUT IN 16

>>Med: WHICH TURNS OUT AT THE MOMENT TO BE ABOUT 19 MONTHS

>>Med: AND THAT IRAQ BETTER BE READY BECAUSE WE ARE LEAVING THEM TO

>>THEIR OWN SECURITY FORCES

>>Med: WHICH AT THE TIME AND STILL HAVE SHOWN HAVE MAJOR CORRUPTION

>>AS WAS SHOWN IN MANY OF THE BOMBINGS

>>Med: IN JULY IRAQ MADE A MAJOR PLAY TO THE UNSC

>>Med: AND THE US, SINCE THE US SAID WE WOULD BRING THEM OUT OF

>>CHAPTER VII

>>Med: BUT BAN KI MOON FOR SOME REASON IN JUNE SAID THIS WILL LAST ONE

>>MORE YEAR

>>Med: AND THEY WOULD HAVE A SERIOUS REVIEW TO BE REMOVED IN JUNE OF

>>2010

>>Med: WELL THE FOREIGN MINISTER WENT TO KUWAIT ON HIS OWN IN JULY

>>Med: MET WITH THE AMIR AND KUWAITS FOREIGN MINISTER TO SEE IF HE COULD

>>RESOLVE THE DEBT ISSUE WITH KUWAIT

>>Med: I HAD PREDICTED THEN THAT IRAQ WOULD TRY TO GET KUWAIT TO TAKE

>>THE FUNDS THEY OWED THEM FOR REPARATIONS AND REINVEST BACK INTO IRAQ

>>Med: PAYING THEM BACK IN IQD THAT WOULD THEN BE AN INTERNATIONAL

>>CURRENCY

>>Med: AND EQUIVALENT TO THE KWD

>>Med: SINCE KUWAIT WANTED NOT TO WAIT TILL ALLAH CAME BACK FOR A VISIT

>>Med: IT SEEMED TO WORK

>>Med: MALIKI CAME TO THE US

>>Med: OBAMA SPOKE ON BEHALF OF IRAQ AND CHASTISED KUWAIT FOR NOT

>>TRYING TO RESOLVE THE ISSUES OUTSTANDING

>>Med: EVEN SAYING MAYBE WE WILL JUST PAY THE 25 BILLION OWED THEM AND

>>IT WOULD BE OVER WITH

>>Med: WELL WE DIDN'T

>>Med: BUT IN AUGUST AFTER ALL THE NEGOTIATING

>>Med: KUWAIT ANNOUNCES THAT IRAQ HAS SETTLED ALL ISSUES WITH THEM AND

>>THEY SHOULD BE RELEASED FROM CHAPTER VII

>>Med: AT THE SAME TIME IT IS ANNOUNCED THAT IRAQ IS JOINING THE GCC AS

>>A FULL MEMEMBER

>>Med: AND IT WOULD BE ANNOUNCED IN A FEW DAYS

>>Med: AND AT THE SAME TIME WE FIND OUT THAT IRAQ HAD BEEN WORKING

>>WITH THE WTO TO MAKE THE 150 PLUS BENCHMARKS NEEDED TO BE A MEMBER

>>OF THE WTO

>>Med: THEN MANY MEMBERS OF PARLIAMENT AND SHABIBI HIMSELF IN AUGUST

>>STATED THAT PURCHASING POWER WOULD RETURN TO THE IQD FOR THE

>>PEOPLE OF IRAQ

>>Med: AND SINCE JUNE WE HAD US TREASURY PEOPLE AND THE FOREIGN

>>ECONOMIC ADVISORY BOARD IN IRAQ

>>Med: AUDITING AND CRUNCHING NUMBERS ON WHAT IRAQ COULD SUSTAIN FOR

>>AN RV UNDER MULTIPLE SCENARIOS

>>Med: AND THEN IRAQ WAS TOO RV IN SEPTEMBER

>>Med: THEN CHINA GOT INVOLVED

>>Med: BRINGING AN ISSUE TO THE THE IMF SINCE THE IMF HAS TO APPROVE ALL

>>EXCHANGE RATES

>>Med: AND IT WAS THEN PUT ON HOLD

>>Med: THEN IN OCTOBER

>>Med: AT THE ISTANBUL MEETING OF CENTRAL BANKS

>>Med: THE ADVISOR TO THE CENTRAL BANK SALEH IN AN INTERVIEW

>>Med: STATED THE DECISION ON THE EXCHANGE RATE WAS MADE

>>Med: BUT WOULD TAKE TIME TO IMPLIMENT

>>Med: AND IT WAS BEING WORKED ON

>>Med: THEN THE DECISION IS MADE TO RV AGAIN

>>Med: BUT

>>Med: IRAQ SCREWS UP

>>Med: THEY BAN CHINA FROM ANY BIDDING ON THE SECOND ROUND

>>Med: OF OIL CONTRACTS

>>Med: CHINA THREATENS IF THEY DO NOT GET A CONTRACT

>>Med: ALL THE IQD THEY HOLD WILL BE DUMPED BACK TO CBI FOR PAYMENT

>>Med: BEING THE 2ND LARGEST HOLDER OF IQD IN THE WORLD

>>Med: THAT WOULD HAVE COST TRILLIONS IN USD EQUIVALENT TO IRAQ

>>Med: AND WOULD HAVE TAKEN ALL THE ASSETS AVAILABLE TO PAY IT

>>Med: WELL IN THE MEANTIME THE WHEELS ARE TURNING TO RESOLVE THIS

>>Med: IT APPARENTLY WAS WHEN CHINA WAS AWARDED A MAJOR CONTRACT

>>ON ONE OF THE LARGEST FIELDS

>>Med: IN FACT EVERY ONE OF THE PERMANENT MEMBERS OF THE UNSC WERE ALL

>>AWARDED MAJOR OIL CONTRACTS

>>Med: IN THE MONTH OF NOVEMBER

>>Med: THEN IRAQ DECIDES TO APPARENTLY PULL THE TRIGGER AGAIN

>>Med: THEY MEET WITH THE IMF

>>Med: GET THE RATE APPROVED EVEN THOUGH THEY WERE GOING TO COME OUT

>>HIGHER THAN THE IMF WANTED

>>Med: THE RATE IS DELIVERED TO CORPORATE BANKS IN THE US AS A COURTESY

>>Med: WHICH TURNED OUT TO BE $3.22

>>Med: THIS WAS WHAT MALIKI WANTED

>>Med: THEY WERE ON A 30 DAY CLOCK WITH THE IMF

>>Med: THEN ANOTHER ISSUE COMES UP

>>Med: THE FACT THAT ON OCTOBER 16TH BY UN MANDATE THE ELECTION LAW

>>WAS SUPPOSE TO BE IN PLACE

>>Med: IT AS WE ALL KNOW WAS NOT

>>Med: AND THIS IS THE DISASTER THAT WE ARE STILL INVOLVED IN AND

>>WITNESSING

>>Med: THE LAW WAS EVENTUALLY PASSED AND THEN VETO'D BY HASHEMI

>>Med: OUT OF NOWHERE

>>Med: HE COMES OUT AND STOPS IT IN IT'S TRACKS

>>Med: WEEKS GO BY AND IT IS PASSED AGAIN

>>Med: HASHEMI STATES THAT HE WILL VETO IT AGAIN

>>Med: UP UNTIL 10 MINUTES LEFT HE WAS SAYING IT WAS NOT GETTING PASSED

>>HIM

>>Med: WELL THE US INTERVENED AND HE PUT HIS PEN AWAY

>>Med: AND IT PASSED

>>Med: AFTER THE THREAT THAT WE WERE NOT GOING TO LEAVE AND THE UN

>>ALONG WITH THE EU AND OTHER NATIONS SAID THAT NO GOVT WOULD BE

>>RECOGNIZED UNLESS THE ELECTIONS TOOK PLACE AND THE OPEN LIST WAS USED

>>Med: WELL WE HAVE SEEN ONE OF THE WORST CASES FOR AN ELECTION EVER

>>Med: THEY DID NOT HAVE SUFFICIENT TIME TO CAMPAIGN

>>Med: THEY HAD THOUSANDS OF PEOPLE RUNNING FOR 325 SEATS

>>Med: THEY DIDN'T EVEN KNOW THAT A FORMER PM WAS NOT EVEN ELIGIBLE TO

>>RUN AGAIN

>>Med: UNTIL AFTER THE ELECTION WAS OVER

>>Med: BUT GOOD NEWS WAS THAT THE NON POLITICALS WERE STILL WORKING

>>Med: THE MOF JABR AND SHABIBI

>>Med: AND THEY SIGNED A TWO YEAR AGREEMENT AND LOAN FOR BILLIONS

>>WITH THE GOI

>>Med: PUTTING THE IMF BACK INTO THE DRIVERS SEAT AGAIN

>>Med: TAKING CONTROL OF THE ECONOMIC AND MONETARY POLICIES

>>Med: THEN WE HAVE WEEKS OF BS IN THE GAZETTE

>>Med: ON THE DELETION OF ZEROES

>>Med: AND THEN THE REDENOMINATION AND THEN THE REEVALUATION OF THE

>>IQD

>>Med: AND ALL THIS WAS PUT INTO MOTION AT THE BEGINNNING OF FEB 2010

>>Med: IT BRINGS US TO WHERE WE ARE NOW

>>Med: WE KNOW THIS

>>Med: THAT SHABIBI'S GOAL IS TO ENTER THE

>>Med: FOREIGN CURRENCY EXCHANGE

>>Med: PARTICIPATE IN GLOBAL INTERBANK TRADING

>>Med: AND TO PUT THE IQD ON THE CURRENCY FUTURES MARKET

>>Med: ALL OF WHICH CANNOT BE DONE WITHOUT MINIMUM A TRADEABLE

>>CURRENCY

>>Med: NO MATTER WHAT THE RATE IS

>>Med: THAT IS A MUST

>>Med: NOW THEY HAVE MET THE CRITERIA BY THE IAEA TO HAVE UNSC

>>RESOLUTIONS 686 AND 707 REMOVED

>>Med: WHICH WILL ALLOW FREE TRADE AGAIN FOR IRAQ

>>Med: BUT IN ORDER TO TRADE WITH OTHER COUNTRIES

>>Med: YOU MUST HAVE A CURRENCY THAT IS ACCEPTED FOR PAYMENT

>>Med: SINCE THE REMOVAL OF THE USD AS AN ALTERNATE CURRENCY FOR

>>PAYMENT IS NO LONGER AN OPTION

>>Med: AND THE BLACK MARKET DOES NOT COUNT

>>Med: A TRADEABLE AGAIN IS A MUST

>>Med: WE KNOW THAT THE IMF IS WORKING TO BRING IRAQ FROM IMF MEMBER

>>STATUS XIV TO IMF MEMBER STATUS VIII

>>Med: WHICH MEANS THAT THEIR CURRENCY WOULD BE ELIGIBLE TO PAY FOR

>>IMF LOAN FUND TRANSACTIONS

>>Med: OR SIMPLY PUT AN INTERNATIONAL CURRENCY

>>Med: BUT ANOTHER ISSUE CAME UP

>>Med: THEY OWE JORDAN MONEY

>>Med: AND THIS MUST BE RESOLVED NOW TOO

>>Med: IT DOES NOT MEAN THEY CAN'T REVALUE

>>Med: JUST TO ENTER THE STATUS AND HAVE THE EXCHANGE RATE

>>RESTRICTIONS REMOVED THEY MUST SETTLE THIS DEBT

>>Med: NOW WHEN THE TWO RESOLUTIONS I REFERED TO ARE DONE

>>Med: YOU HAVE A LEGITIMATE REASON TO START GETTING EXCITED ABOUT

>>THE RV

>>Med: AND IT IS COMING SOONER THAN LATER

>>Med: ME PERSONALLY I EXPECT THIS TO BE OVER IN THE 2ND QTR

>>Med: THAT IT WILL MOVE MORE AND BE MUCH MORE OF AN ISSUE AS SOON AS

>>THE RESULTS ARE GIVEN ON THE ELECTIONS

>>Med: SO GANG THAT IS ABOUT ALL I HAVE FOR THE MOMENT, I AM SURE I

>>FORGOT A FEW THINGS

>>Med: BUT I THINK I DID A PRETTY DECENT JOB FROM MEMORY

>>Med: OK ALL DONE

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Okay... I have busted on Medic numerous times but I want to give him kudos for this excellent summation. It spells out that there is a method to this madness and that certain things still must take place. He doesn't mention the action plan meeting coming up on April 1st to create a plan to be released from the DFI but he does say RV in second quarter which I agree will happen. The first quarterly meeting for the DFI release is on June 15th or sooner if GOI requests it. I believe they will get their release before that date and full chap 7 sanctions will be released. Parliament will have to be in process so that this all appears as a unified decision and an acting representative government is in place. This is important even though CBI is an independent body with complete transparency. That is when we will see our RV in my opinion. Between now and June 15th.

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When I first got on this forum the popular thing to do, at that time was a major bashing of this medic person. I never knew what that was all about.

But I can honestly say out of all the posts I've read, this is the first time I've had a good understanding of what was causing all of the delays. Sure makes better sense to me now. From what I'm reading here, it looks like we may still be a month or two away. Thanks for taking the time to post this for us.

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Check out this article in the "Iraq Business News" at

http://www.iraq-businessnews.com/?p=1805

The way it was explained indicated that CBI is saying that the 25,000 IQD banknote is targeted to have the three zeros removed (obviously from the right) and that the resulting 25 dinars will be worth $1.17 U.S., making 1 dinar equal $.0468. Wow, what a deal, eh?

If you have 10,000,000 dinar, their exchange value will be $11,700.

That sucks!

Do you have any evidence that this is true or not?

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Check out this article in the "Iraq Business News" at

http://www.iraq-businessnews.com/?p=1805

The way it was explained indicated that CBI is saying that the 25,000 IQD banknote is targeted to have the three zeros removed (obviously from the right) and that the resulting 25 dinars will be worth $1.17 U.S., making 1 dinar equal $.0468. Wow, what a deal, eh?

If you have 10,000,000 dinar, their exchange value will be $11,700.

That sucks!

Do you have any evidence that this is true or not?

I believe that would be $10,170,000

This was taken off of Dinar Trade website.

Potential Value increase of a 1 Million Iraqi Dinar holding

If the value of Iraqi Dinar increases to:

The resulting value of your 1,000,000 Dinar would be:

$0.01 $10,000

$0.10 $100,000

$0.20 $200,000

$0.50 $500,000

$1.00/Iraqi Dinar $1,000,000

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