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Questions for Adams Chat 4-24-2013


TexasGranny
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** The U.S will NOT renew the DFI protection in May 2013**

Started by easyrider, Today, 02:05 PM

Read more: http://dinarvets.com/forums/index.php?/topic/146787-the-us-will-not-renew-the-dfi-protection-in-may-2013/#ixzz2REykBOL5

How does this play into our timeline?

Also, bring us up to speed this week on the state of the dinar. Elections, DFI, chapter 7, etc.

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Hello Adam and Mods - Thanks for all you do - Just wanted to know what is the lastest news from Iraq when it comes to HCL.  It seems like news on this topic have been silence somewhat.  Also wanted to know if there a possible RV this year and/or will we have to wait until 2014. :bravo:

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Morning. My question is about investing in Dinar verses investing in the Iraqi Stock Exchange. I was curious as to whether or not it is a better investment as per taxes if one invested in the Iraq Stock Market. This way, when the RV happens, one wouldn't have to cash out, they could just sell off their stocks as then need the cash. With the Dinar, one will have to take it to the bank and cash out. Just curious as to if there is an advantage of being invested in Iraq over cashing out of dinar? Thanks

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Sir: Did the Irish pensioners really loose their shirts? I ask this as I have neard nothing about it in the mainstream media. I am curious as this may be the tip of the iceburg that will bring down the European house and place a larger pressure upon Iraq as a whole to pop this rv out, giving them a good point to negotiate from for international agreements or even foreign investments. What say you Sir Adam?



With Kuwait and others supposedly behind the support for Iraq to be released from Chapter 7, when is the next meeting on the UNSC to discuss this possibility?

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Hi Mr. Adam Montana. What do you think about these articles? are we really closed to RV yet Mr. Adam Montana?Thank you very for taking your precious time to read all these articles and elaborate them for us and have a nice day Mr. adam Montana.

 

 

 

the DELETION of ZEROS .. Vital project collides with the lack of economic stability
 

04/21/2013 (23:01 pm)

 


Most specialists agree that in the financial and banking affairs to delete the three zeroes from the local currency is very important, but to perform this operation at the present time
The decision is the right one may lead to negative results.
 

 

 

The official said the Ministry of Finance Hilal Taan that "the deletion of zeros from the currency at the present time will bring negative results, the proportion of the economic and financial situation is stable in the country."
 

 

 

Taan added to the extent "that he can not be embarking on this project at the moment because it may enter the country to bump added to the list of difficulties and obstacles and problems faced by them."
 

 

 

He Taan "was held a panel discussion by experts and specialists before dismissing Governor of the Central Bank of Iraq which led to the inability to delete the zeros at the present time."
Miller suggested to postpone the project to 2015 because of the political situation and economic security and unstable.
 

 

 

For his part, said a specialist in economic affairs as Abdul Hadi that "the data that builds awareness of such a decision lies in the stability of prices", pointing out that this pillar is still missing in Iraq.
Abdul Hadi said to the extent that "the time is still too early to delete three zeros from the Iraqi currency at the present time because this issue needs to succeed economic stability operation."
Abdul Hadi explained that "there are a lot of stages experienced by Iraq during the recent years, which calls for careful in taking such a significant step in economic affairs."
 

 

 

Moreover ruled decision Economic Committee in the House of Representatives Mahma Khalil be deleting three zeros from the Iraqi currency during the next year, returned to the changes, which affected the CBI may prevent the process of restructuring the national currency, as well as having a previous request to the government to wait to start procedures switch currency.
 

 

 

He was a member of the Finance Committee parliamentary Abdul Hussein al-Yassiri had announced earlier that the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, stressing that it would lead to the development of economic and monetary transactions International.
 

 

 

Khalil said in a press statement that "the project to delete three zeros from the Iraqi currency had arrived from the Central Bank of the parliamentary economic committee earlier."
 

 

However, Khalil said that "the Iraqi government has asked to wait to begin the project under false pretenses, although the application and currency restructuring is purely economic projects as well as it contributes to the safety of the national currency."
 

 

He believes that "the policy of the central bank policy today is unsuccessful, did not succeed in lifting the siege of the Iraqi dinar, and the issue of the currency exchange as they could not keep the hard currency within the environment of Iraq."
 

 

He described the decision of the Economic Committee that "the interest of Iraq to conduct restructuring of the Iraqi currency and delete the three zeroes, which is a vital economic project and to keep the currency from counterfeiting and damage."
 

 

According to Khalil, the "There are international companies giant has a desire to implement this project, and sent appliances for this purpose for Iraq," noting that "Iraq is not the only country that is restructuring its currency national, has preceded us Turkey so, as there are many countries that its economy Exhausted the structuring of its national currency. "
 

 

 

He pointed out that "the printed forms of the new currency (after deleting three zeros) include half a dinar and five dinars and ten dinars, 25 and 50 dinars, and the parameters of the country and its culture," noting that "if the deletion of zeros, the value of the dinar per be equal one dollar or so."
 

 

And on the possibility to witness the next year, the birth of the new Iraqi currency, Khalil said, "We serve as the economic and the central bank is linked with us, we demanded from the bank to keep this project exists," but he also said, "The government asked to wait, and I think that what happened on the Central Bank of the changes and the appointment of New Acting Governor means that this project will not see the light until next year, too. "
 

 

Among the difficulties faced by Iraq if they are to foot on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then get rid of them and replace them with a new currency.
 

 

To the male member of the Finance Committee parliamentary Haitham al-Jubouri in a press statement, "The replacement of the currency and delete Ocefarha will features the best and biggest reduce the size of inflation and revive the dinar due to lack of demand for the dollar, which comes advantages of a large economy of the country", adding that the replacement will revive the country's economy but needs to the atmosphere of political and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the Iraqi currency. "
 

 

In the meantime regarded adviser to the North Bank for Investment and Finance wholesome Elias Abbou, that the current period is not appropriate to start procedures for deleting three zeros from the Iraqi currency.
 

 

Abbo said in a press statement that the process of deletion of zeros from an economic perspective the process will depend on how administrative control of the deletion of zeros without imbalance between the monetary value of the previous and the new value, warning of "purchasing power imbalance after the deletion of zeros and damage to the consumer first."
 

 

He added that "Replacing the restructuring of the Iraqi currency in the current circumstances is correct procedures and will lead to the proliferation of counterfeiting and forgery operation as a result of the instability of the security situation, political and economic."
 

 

He Abbou "The interest of the deletion of zeros is the process by reducing the money supply only and you need a long time to define them as citizens and that the current circumstances is appropriate to start the process."

 

 

 

THE LINK : http://www.almadapap...طدم-بغياب-الاست

 

 

 

 

 

 

Dr. economic expert. Peace Sumaisem: getting lost in monetary policy makes the deletion of zeros is not successful project

04/19/2013 - 8:38


Said an expert in economic affairs peace Sumaisem, to begin procedures to delete the zeros from the Iraqi currency in the light of the confusion in the monetary policy and the instability of the dinar and improve Sarsrv of them unsuccessful procedures.

She Sumaisem that "the project to delete the zeros is aimed at two dimensions are reducing the money supply and improve the price of the Iraqi dinar, pointing out that" the deterioration of the dinar exchange rate in the current period after pumping quantities of ill-conceived from the dollar makes the process of deletion of zeros is able to improve the rate of the dinar will not create a balance with the dollar. "

She pointed to the "dual price policy that arise between the central bank auction and outside the auction and the existence of attempts to smuggle currency has created a discrepancy between the two rates inside and outside the bank, making it the Iraqi dinar less valuable than the U.S. dollar."

The Sumaisem stressed that "the process delete Asfarfa the light of the deteriorating value of the Iraqi dinar against the U.S. dollar is not successful and check the equation between the two rates, but creates an imbalance in the monetary policy"

 

 

THE LINK : http://www.burathane...cle_191619.html

 

 

 

 

 

The Central Bank underlines the continued sale of foreign currency

23-04-2013

 

 
The Iraqi Central Bank, said Tuesday, continuing the sale of foreign currency, noting that sales include all Government and private banks.
 

 

 

The Bank said in a statement today, and received "alsumaria news" "cash dollar sale continues through the Central Bank's auction for sale of foreign currency.
 

 

 

The Bank said that "sales include all Government and private banks, according to quotas and timings that time."
 

 

 

The CBI was established as an independent bank under its law of the 6th of March of 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the daily meetings of the buying and selling of foreign currency except official holidays the Bank depends on these auctions.

 

Read more: http://www.sotaliraq...ws.php?id=97105

 

 

 

 

 

Bank: Iraq expert became a funded USD market for several providers

23-04-2013

 

 
Banking expert attributed the appearance of Mohammed Saleh of the reasons for the high exchange rate of the dollar against the Iraqi dinar to increase demand in the domestic market.
 

 

 

 

Saleh said «the future» today (Tuesday 23 April 2013) that control the dollar exchange rates and foreign currency in Iraq Al-AAM to stabilize the exchange rates of the USD in the economic and financial policies must be in market economics.
 

 

 

 

Saleh said Iraq has funded many market by selling huge quantities of dollar exchange rates and currencies of various kinds, the Bloc's reasons for the high exchange rate for the dollar against the Iraqi dinar in local markets to large withdrawals and during the hearings conducted by the daily.
 

 

 

 

Saleh described the rise in the domestic market is natural given that currency exchange rates related to demand and supply in the Iraqi market, more than domestic demand for the dollar exchange rate increase and more than likely less than its price in the market is maithadd policy on exchange rates of foreign currency to the Central Bank of Iraq.
 

 

 

 

On the other hand a number of banking offices in Baghdad and Kurdistan to the high price of the dollar against the Iraqi dinar to around 128 thousand dinars for cent dollars exchange rate reached 130,000 dinars per cent dollars in Kurdistan.
 

 

 

 

According to the owners for future banking offices» high exchange rates of the dollar during the last few months linked to the departure of former Central Bank Governor Sinan Al-Shabibi on political grounds and purely technical, indicating that the Central Bank was working on determining the stability of the dollar and Iraqi dinar after several economic and financial procedures.
 

 

 

 

They said the rising dollar and foreign currency exchange rates still continues for quite some time after the Central Bank actions and policies that he sees most of the bankers and financial professionals wrong and incorrect cross-selling massive amounts of hard currency for all citizens in the amount of $ 5,000 to anyone who wishes to purchase foreign currency or drainage has led to increased prices of the dollar in markets without any controls and instructions.

Read more: http://www.microsoft...ws.php?id=97131

 

 

 

 

 

 

Open File disappearance of such huge funds 2003

 

Tuesday, April 23, 2013 06:22.

 

 

Recorded the names of those close to the regime of Saddam Baghdad: After uncovered in an earlier start to high-level government committee investigating Iraqi funds recorded by the deposed regime of the names of some people in the intelligence officers and close to the building, opened up an independent body to investigate property ousted the former regime abroad ..

 

 

 

A source at the Commission refused to reveal his name: The Independent Commission began to open a file prosecutions of financial and economic property ousted the former regime, describing the file that is complex and takes years to accomplish, stressing: that the money belongs to the Iraqi people and should be retrieved. said : The work of the Commission depends on the completion of the files assigned to it, the most prominent prosecutions of financial and economic ousted the former regime, and their collaborators abroad, estimated at billions ..

 

 

 

The source expected to relive the body about one hundred billion dollars in favor of the State Treasury, the property of the ousted former regime at home and abroad, and despite The source refused to go into detail, but the source of the Committee stressed: that the Commission coordinate with the Committee of high-level government check in Iraqi money recorded by the former regime of the names of people, some of them officers in the former intelligence, some of them close to the pillars of the regime of Saddam ..

 

 

 

The source said the requirement not referred to the sensitivity of his position: that the Board and the Commission has stepped up its inquiries and investigations, after يأست, to reach the existence of Iraq's money names of the pillars of the former regime or even Saddam and his two sons, Uday and Qusay, in any of the foreign bank or any of the countries in the world ..

 

 

The source explained: that Information available indicates a group of people, some from Western and some from the south and others from the Middle Euphrates, in addition to that, some of the Turkmen and Kurds, and distributed the money of the Iraqi people, recorded by the former regime of the names of people, Iraqis and Arabs, between different countries, including China, Romania, France and Germany Greece and Jordan

 

 

 

THE LINK : http://www.alrafiday...-----2003-.html

 

 

 

 

 

 

 The Parliamentary Committee on the economy: the weakness of the country's economically not concentrated in the exchange rate of the dinar only but many other things

 

 

 22-04-2013     16:54
 

 

{Baghdad: Euphrates News} said the Parliamentary Committee on the economy that the country's economic weakness is not concentrated in one side of which is the exchange rate of the dinar against the dollar, but many things.

A member of the Committee on the mass of citizens parliamentary Abdul Hussein Abtan told {Euphrates News} that "the weakness of the country's economically not concentrated in one side of a dinar exchange rate against the dollar, but the level of unemployment and poverty and the prices of local products and imports in excess of the need at the expense of the local product and the deterioration of goods and others. "

He Abtan "As long as we confirmed that there is no clear economic policy in the country holding the Iraqi economy and joints relay and output data in a clear and accurate and deal with the circumstances surrounding locally, regionally and internationally through public policy."

He stressed that "What is clear in the Iraqi economy and monetary policy with respect to exchange rate of the dinar is that fiscal policy is not the head of her wandering dramatically and clear, indicating that corruption is the first reason, as well as weakness in some quarters monetary policy of the Central Bank of the banks and these are all reasons big and important. "

And goes economists that the reasons for poor fiscal policy of the country, especially monetary and fluctuating exchange rate of the dinar against the dollar, its causes are many, and focus on the political differences that disrupted a lot of things the state and weakened, including fiscal policy or monetary, as well as the conditions of the country's current overall especially the security situation and its repercussions serious citizens and life in the country. Ended 2

 

 

 

THE LINK : http://www.alforatne...35-13&Itemid=55

 

 

 

 

 

 

Iraq discussed with Central American renewal '' protection money in foreign banks

 
Monday 22 April 2013

 

 

Discussed the Iraqi Central Bank Governor Abdel Basset Turki in Washington, protect the funds of Iraq and Central Bank reserves and the Development Fund for Iraq, with the US Federal Reserve in New York.
 

 

 

 

The Central Bank said in a statement that Turkish officials met in Central American in New York, on the sidelines of the International Monetary Fund and the World Bank in Washington, and discussed with them on the subject of Iraq and protect the funds of the Iraqi Central Bank reserves and the Development Fund for Iraq and other substantive issues.
 

 

 

 

US President Barack Obama signed an executive order last year to extend immunity to Iraqi money in the Development Fund for Iraq for one year, in view of the situation in Iraq.
 

 

 

 

The Central Bank, said that the money is huge, "the existence of billions of dollars distributed in a number of States, in addition to the Iraq Development Fund which includes proceeds from the sale of oil, worth more than $ 18 billion, as well as $ 64 billion for the Central Bank, deposited in US banks as a cover for the Iraqi currency, and are not subject to freezes.
 

 

 

 

The US Congress passed a resolution to freeze the assets of those injured by their nationals, including Iraq, encouraged Americans, whether citizens or companies to expedite the provision of different claims against Iraq, many depend on flimsy arguments cannot be proven, but taken en route to court and received a huge compensation decisions.
 

 

 

 

The parliamentary Finance Commission member Abdul Hussein Al-yasiri told «life», the indebtedness of Iraq after 2003 "identified in the light of claims by creditors, with about $ 140 billion, mostly through the settlement of the so-called" Paris Club "and beyond, and many States have helped us in this.

 

 

 

The "protect our money is necessary, because many creditors do not apply to claims for compensation, pointing out that the United States '' wanted to help Iraq, linked to bilateral treaties with him.
 

 

 

 

Segmentation of the money supply
In the event of non-renewal of the period of protection, Al-yasseri said: "the Central Bank is charged on cash and mass retail distribution to several countries and different currencies than the dollar, though hardly scientific book on Central Bank funds, unlike banks, can conclude agreements with solid banks to exclude any booking requests, this is what happened with Lebanon under the banks».

 

 

 

 

And allocating huge sums in the budget to resolve issues of creditors, said Al-yasiri «resolve many issues for senior and junior creditors, but Jordan, for example, issued a law to confiscate Iraqi funds and distributed to creditors, a crooked ways and Sue Jordan Central Bank». There was concern from creditors who didn't claim compensation or filed suit, and they are many, anticipated that they would "very large amounts.
 

 

 

 

Revealing the existence of Iraqi funds "put the names close to the previous regime and even the names of State officials, pointing to" follow it up since 2007, but the results are still very limited, despite the huge financial rewards for information about these funds and places of deposit, with a portion of frozen States».
 

 

 

 

The Iraqi assets abroad is a major cause in the deterioration of the relationship between the Central Bank and the Government, which repeatedly tried to withdraw deposits cover currency abroad to cover the deficit. The Bank refused, and the Government does not accept full independence granted, issued warrants for the arrest of former Governor Sinan Al-Shabibi and prison officials adults, with still a Parliamentary Commission investigating the case so far.
 

 

Read more: http://www.microsoft...ws.php?id=96999

 

 

 

 

 

 

Sheyaa: the new Central Bank Administration has succeeded in some things and many of them failed

20-04-2013

Student member of the Committee on the economy and investment the National Alliance MP-abbasn sheyaa, the Central Bank adjusted its policy towards dinar exchange rate against the dollar, tighter control on the sale of hard currency.
 

 

 

Said sheyaa (News Agency): the Central Bank issue management agency has succeeded in some things that concern monetary policy at the beginning of the received task but failed many of them did not stand the Mafia some private banks and weak souls that their usury.

He added: a lot of things that concern the Central Bank needs to work organization, noting that the dollar exchange rate remains high for the dinar and foreign currency smuggling and money laundering also still exist.

He called the Central Bank to develop procedures to monitor banking operations and sell hard currency to curb smuggling and economic crimes and stabilize the Iraqi dinar exchange rate

Read more: http://www.microsoft...ws.php?id=96869

 

 

 

 

 

 


National currency paper damaged our esteemed banks .. Solves her problem?
 
Date: Monday 04/22/2013 02:43 am

 
Fistula: replace damaged the focus of currency exclusively Central Bank
Achievement / student punitive
 

 

There is no doubt that the national currency in each country is the President of the economy of scale country Vqutea of ​​the strength of the economy and the weakness of the weak economy. We have passed the country's harsh conditions of random wars waged by the former regime to invade to a hot country, which led to the imposition of a devastating and deadly siege by the United States and its allies,
 

 

Led to the establishment of the former regime and a random show ignorance of the issuance of a new currency within the country after the addition of three zeros on them, and spread in the market at lightning speed, which led to falling exchange rate of the Iraqi dinar against the dollar to its lowest level since the founding of the Iraqi state. After the fall of the regime and the beginning of stability, the state issued a new currency printed abroad and stayed zeros تلازمها the We are not here in connection with the lifting of the zeroes or survival, this is a purely economic issue is not where we entered.
 

 

This has been the new paper currency in circulation in the market and the years passed by and suffered the majority of them, especially the category of 1000 and 250 dinars and 500 dinars to damage due to excessive trading in most shops and public interests do not receive this currency and become a burden on the holder.
 

 

To find out the details of the suffering of the people of this coin, had our first meeting with Mr. Kazim Mohammed fistula / General Manager of the Rasheed Bank:
 

• Why does not your bank or branches, replace damaged currency and replace it with a new one and the same in the bank?
 

- First, that the receipt of damaged currency is vested exclusively Iraqi Central Bank is responsible first and last for the receipt of the damaged currency and replace it with a new one and its doors are open to receive.
 

• I'm here talking about a small amount of dinars and quarters and fairness does not mean large amounts, for example, I can start that replaced five thousand dinars, I have to Avert weaken in order to get to the bank and ابدلها, why does not your branches or branches of the Rafidain collected and transferred to the central bank directly?
 

- That what you say is true, but this requires staff and accountants new carry out the process, and you know very well that the appointments are limited and all our staff are working great momentum now, so he can not add to his work another job, and you see a great momentum on banks in addition to bear the burden of large and diverse transactions is binding any of the Rasheed Bank and Rafidain together regardless pensions, whether military or civilian alike, this being a month.
 

• Why does not the central bank and through you or Mesopotamia to issue instructions to the public all its citizens, they need to receive the banknote bearing a number and this is done by the state?
 

- Do you think that people will abide by these instructions, there is a study to put an end to these damaged currency and collected from the market and replaced with new cash leaves of the same category.
 

We left Mr. Director-General of the Rasheed Bank and headed directly to the market and we met the owner of a shop selling vegetables, which deals directly with the damaged currency to the fact that prices of materials usually do not exceed a thousand dinars.
The owner of the shop and began nicknamed Abu Ali saying:
 

- Suffer much of this coin, when trying someone to buy needed worth a thousand dinars, or a thousand and five hundred dinars, gives us the paper and I've stuck tape transparent, sometimes forced to accept reluctantly, hoping to gather and try to اخفيها or lay it down with the rest of the securities while buying my need of President shops.
 

There have been me big problems with customers especially when they refuse to completely corrupted currency فيصرخ customer at me, saying: It is the state money and why not receive, Vojiba the neurological condition: Why state تبدلها not? Go to the state.
 

We then moved to arenas eastern door and met vendors scrap of different materials, said Abu Kadhim, one of the sellers when we asked him about his suffering with banknotes damaged, he replied sharply: it's the biggest problem نعانيها gotta do one of them giving us a paper category five thousand dinars and have bought goods Balvin, Nake to return the rest, where refuse to receive the remaining banknotes only if they 'coined Salim' any good sense.
 

And continue our tour and be one answer «the same Altas and the bathroom and did not see or hear even one tells us that this is a good money and can Nmchiha as we want. Even drivers who were previously Estelmoha, began to refuse to receive the pretext they were Adfoha to fuel stations which are in turn refused to receive and remain puzzled permeated everyone and banknotes remain the same.
 

Here we Ksahafh and media call gentlemen officials in the banks of rational and Mesopotamia to find a quick solution to this suffering, even canvass on its subsidiaries, alter currency damaged citizens who بمراجعتهم or appoint agents or contractors who roam to buy the currency return for a percentage and last but not least.
«Merciful Father, met the Article (140) even disobedient Hello, Azbhoha kiss.
 

 

 

THE LINK : http://www.albayyna-...n=view&id=22271

 

 

 

 

 

 

Iraq and Iran compete for the presidency of OPEC
 

 
04/21/2013 18:54:24

BAGHDAD / future of Iraq declared Iranian Oil Minister Rostam Ghasemi that the competition between Iran and Iraq on the position of the General Secretariat of the Organization of Petroleum Exporting Countries "OPEC" looks more serious. Ghasemi said, "I've heard news reports that Saudi Arabia intends to present a candidate to the General Secretariat of the Organization" OPEC "for competition to take over the presidency of the research department of the organization."

 

 

 

He added that he "did not issue a crucial decision by Saudi Arabia to abandon the competition for the General Secretariat of the Organization of Petroleum Exporting Countries OPEC but it seems that the competition between Iran and Iraq on the job has become more serious than Saudi Arabia." He said Iranian Oil Minister that "Iran also intends to submit a candidate to compete to assume the presidency of the research department of the Organization of Petroleum Exporting but not yet reached a final outcome on the intended candidate.

 

 

"Ghasemi explained that "the decision of the selection of the Secretary-General of the Organization of Petroleum Exporting Countries must be unanimously by all members and any member can veto the decision taken in this regard."

 

 

 

THE LINK : http://www.almustakb...ws.php?id=17144

 

 

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