SECOND TRANSLATION /IRAQ DINAR TV

[pourit]

LAST NIGHT I FOUND THE VIDEO I THOUGHT EVERYONE HAS BEEN LOOKING FOR. IT WAS TRANSLATED BY BUSTERH85....THANKS. TODAY I HAVE ANOTHER TRANSLATOR...A NICE YOUNG SOLDIER THAT JUST RETURNED FROM THE MIDDLE EAST...HIS MOTHER HAD HIM TRANSLATE. THANKS TO BOTH OF YOU. IT IS MUCH APPRECIATED. KEEP IN MIND THAT THE SITE SAID THIS WAS AIRED ON OCT8TH AND 22ND, ALTHOUGH THERE ARE NO GAURANTEES THIS WAS THE BIG BUILD UP VIDEO THAT WAS NEVER SEEN. POURITFORWARD

Sent: T ue, 26 Oct 2010 17:10:43 -0000 (UTC)

> Subject: Re: FW: Hey Zach.. this little video is in Arabic.. can you translate?

>

Hey mom. this is about all I can do:

> News broadcast discussing economic issues of iraq, especially with currency.

> Begins by summarizing that parliament is trying to tackle the complex issue

> of the currency having a lower street value than the actual value printed on

> the money. Goes on to say that the ministry of finance has been implementing

> a plan of gradual currency replacement of the old currency with a new one.

> Several positive results were initially expected from this plan:

> -

> gives the new currency a high value

> -

> this would increase trust between (currency) dealers inside (the country)

> and abroad.

> -

> Assigns a cash value of pieces/fractions of the new currency to the old

> dinar – this will help make transactions and internal (iraqi) exchanges

> smooth. (example; 1 old dinar worth 1/1000th of new dinar).

> -

> Reduces widespread circulation of currency, giving more flexibility when

> working with it internally (in iraq) and abroad.

> -

> Eases bank transactions in the government and private sectors when

> organizing funds in accounts.

> These positive economic effects, when “passing through the door of economic

> implementation,” are being found to create confusion and upheaval in present

> times.

> 1st guy interviewed: current economic works are causing a violent shaking

> and troubles in the economy currently. Hard to understand the rest; I

> believe he is talking about the difference between what a new currency

> should do (help the common working man) and what it is doing (causing

> economic chaos).

> 2nd man interviewed: this isn't the first time currency has been changed.

> Some countries have seen 6 or 3 or 2 currency changes. The main thing is

> whether this currency change is beneficial and strengthens the value of

> money. I think that currently, the economic climate, because of the chaos,

> and the collapse of economic policies and economic works, I think that there

> is a field (a whole bunch of) of talking/words about the possibility of

> inflation of prices. The main question is: in these present days, must the

> revaluing of currency continue? Now, yes inflation has decreased, but this

> is a result of cash policies; financial policy is still fixated on

> increasing consumption, and increasing consumption inevitably leads to

> increased prices. We've already seen it during Ramadan, when everyone is

> buying and the prices for everything go way up beyond the normal rate.

> Basically, to me, the current economic policy is still causing inflation.

> 3rd man interviewed (government rep): sounded like idea of exchanging

> currency for higher valued currency directly in banks (taking 3 thousand and

> giving back three and telling the person that it's the same value) has been

> raised but isn't being seriously considered, as it would not help the

> economic situation of the average guy in iraq; it would only benefit people

> in the financial sector. [i may have understood this part wrong; his use of

> negation is difficult to differentiate from certain verbal nouns].

> 4th man interviewed: ?? slurs his speech badly. Speech impediment?

> Concluding remarks, basically that nobody knows what's going to happen yet;

> in need of a solution that benefits all parties.

[quadraph0nic]

thanks pourit-->forward

[SteveI]

Thank you for all the hard work you bring to us. God Bless you and your family and friends.

[Niko]

pourit good find thanks!

[adontik]

Thanks for the all the work pourit!

Peace

[milo825]

This is my first reply to a post and it is probably a question that has been answered several times. If the new dinar is 1/1000 then does that mean that 1,000,000.00 is now 1,000.00? And since I assume the change in the dinar will occur during the rv if the dinar/usd amount goes up and we now have 1/1000 of what we had; should we then expect what was supposed to be 1.4 to 3.5 million to now at best get 1400.00 to 3500.00 although it is a gain its not quite the gain I was literally banking on.

[millionday]

Milo825-- It would only mean that if you were in Iraq and planned to exchange for Dinars-- The exchange rate that will interest us is the exchange of IQD to Dollars-- Which will apply to the face value you now hold-- hope this helps-

[keepmwlknfny]

This is my first reply to a post and it is probably a question that has been answered several times. If the new dinar is 1/1000 then does that mean that 1,000,000.00 is now 1,000.00? And since I assume the change in the dinar will occur during the rv if the dinar/usd amount goes up and we now have 1/1000 of what we had; should we then expect what was supposed to be 1.4 to 3.5 million to now at best get 1400.00 to 3500.00 although it is a gain its not quite the gain I was literally banking on.

If it redenominates then yes.....your million dinar is now only a thousand and there isent much gain..........but if they take the zeros off the bills or take them out of circulation, they will have to change the exchange rate as well.....and with it being said that BOTH currencies will exist at the same time, they both will have to have the same value or exchange rate.....you cant have two diffferent bills with two different rates.....so as of now we cant do anything but wait and see what they have in store....no use in worrying over anything.....you already have your dinar so just sit back and watch this unfold.....

[rellum]

keepmwlknfny now that was well said . just like the casino. it the bells ring after a pull u win big ha ha

just my 2 cents

[milo825]

keepmwlknfny now that was well said . just like the casino. it the bells ring after a pull u win big ha ha

just my 2 cents

Agreed I need a little more than that....I doubt any of us would be here reading and reseaching if we were just letting it unfold. I know there can't be two rates for one form of currency but as stated above the 25,000.00 dinar bill is now worth 25.00 they are both iqd so both will be worth so much on the dollar but to where as one is worth XX,000.00 it is now XX.00. I think its worth a little research.

[milo825]

I think I found my answer thanks all for the help it has been insightful.

[zantac]

Great post but

The word NEW CURRENCY IS A BIT CONCERNING FOR ME

Being it was mentioned many times by all in the TV airing

I thinks its worth digging harder to find the full text of this TV show

[fatbob]

Zantac, would your connection over there be able to shed some light on this matter. I would think he would have mentioned it to you at some point. Not bashing, just wondering.

[Traconesu02]

Please keep in mind as always - as this gets closer and closer to RV'ing you are going to hear many stories which will no doubt make you wish you could sell your dinar. I believe this is their way to help assure no further dinar sales prior to the RV. JMHO

Thanks for the post pourit

[kamm]

Thanks for the post Pourit. Steve

[zantac]

Zantac, would your connection over there be able to shed some light on this matter. I would think he would have mentioned it to you at some point. Not bashing, just wondering.

My contact isn’t in Iraq he/she is in the UAE

Don’t panic I have already bent there ear until it will not twist anymore.

I hope info will be just around the corner.

What I get I will share

[OILandDINAR]

A client of mine owns a company that specializes in accurate translation. I have forwarded him the link to the video to be translated. I can't tell you if it will come back as a transcript of the whole video or a summary similar to this one. I'll post it when I get it.

[MarineDad]

I'm interested if you receive a second translation. Please keep us posted. Thank you.