try this for size

[cbisinger]

Might be a long haul...

lueWingedOlive Email: IMF Article Comments & More…

April 12th, 2011 01:11 pm · Posted in CHATS & POSTS (Iraqi Dinar Info)

DD,

In spite of the assurances from all the gurus and their sources, that the RV is upon us, today’s posting on DD’s Tiodbits of the report posted on the IMF’s own website re: the March 18th IMF/GOI/CBI joint Press Release is a worthwhile read on the issues impacting an RV…remembering the CBI’s monetary policies will backstop any RV, whenever it happens. The IMF’s posting includes its official position on the issues and timing related to the reports by the CBI and GOI and includes direct letters from Shabbibi to the IMF related to the SBA. Shabbibi’s letter appears to include specific reference to the CBI’s current Exchange Rate Policy. The posting also includes Shaalan’s official statement from the Executive Board meeting to the IMF. Both certainly make it appear that am RV is still out, a ways.

Also, the CBI’s seeking an extension to late July in order to complete another external auidit, inclusive of YE2010 Iraqi financials, implies – at least, to my limited way of thinking – that we won’t see an RV, until late 3Q11 or 4Q11 at the earliest. The frequent CBI/GOI/IMF references throughout the lengthy IMF posting regarding the CBI’s commitment to its current exchange rate policy and its monetary strategies don’t seem – again, to my limited way of thinking - to indicate an immediate RV or any other significant change to historic CBI practices, at least in the near term. Admittedly, what I don’t know about global economics could fill the Library of Congress. But, I do understand clearly articulated positions when they’re written and posted on official sites for all to read. Personally, I’ll go with that for my own emotional well being. Bottom line, if I follow my own instincts on whose reports seem most credibile, I’m going with this one. It’s an official publication of the parties responsible for a successful RV, whenever it happens, and contains their clearly stated positions. It’s a very worthwhile read, IMO.

Don’t get me wrong, I’ll be ecstatic if there’s an RV as close upon us as many are suggesting. But, it may be time for a breath of reality or, at a minimum, a healthy dose of skepticsm. Especially so, given the other credible and ”official” on-the-record sources of information available for consideration. Setting so many expectations, based upon inferences and the opinions of private sources (no matter how “highly placed”) doesn’t do oneself favor. If folks have the time, reading this might be a good investment of an hour or so..

http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf

My thoughts, anyway.

BlueWingedOlive

===

see page Page 10

15. The CBI will continue to aim at keeping inflation low, predominantly by

maintaining a stable exchange rate. The low level and the relative stability of inflation do

not suggest any significant over- or undervaluation of the Iraqi dinar.

so it's assumed correct at 1170?? DING DING DING EH!

[JuryPicker]

Do you think it should have said the revaluation of the Iraqi Dinar is in great need. A discussion with sir shabs on a 3.22 reval is essential to the Iraqi economy. The new currency rate will take place on April 22 at 12 midnight Iraqi time. Speculators please make a run on our currency please. We always put our cards on the table when we decide to adjust a countries currency. Thanks for your understanding. Old News

[speculatorsRIDE]

This is a stand by agreement pertaining to loans from the IMF to Iraq to provide temporary budget support to Iraq. This report is based on discussions held during November 15–20, 2010 and January 20–21, 2011in Amman. It is one of several reviews to insure that Iraq is progressing as required to be eligible for the next disbursement of funds. Sort of like a report card so to speak. The IMF set out certain requirements for Iraq to maintain or achieve by certain dates in order to receive more funds. That is all this is and it means nothing in relationship to the reevaluation.

[texdinar]

more of the misinformation, to try to get the little guy out of this investment!

[freeze]

Might be a long haul...

lueWingedOlive Email: IMF Article Comments & More…

April 12th, 2011 01:11 pm · Posted in CHATS & POSTS (Iraqi Dinar Info)

DD,

In spite of the assurances from all the gurus and their sources, that the RV is upon us, today’s posting on DD’s Tiodbits of the report posted on the IMF’s own website re: the March 18th IMF/GOI/CBI joint Press Release is a worthwhile read on the issues impacting an RV…remembering the CBI’s monetary policies will backstop any RV, whenever it happens. The IMF’s posting includes its official position on the issues and timing related to the reports by the CBI and GOI and includes direct letters from Shabbibi to the IMF related to the SBA. Shabbibi’s letter appears to include specific reference to the CBI’s current Exchange Rate Policy. The posting also includes Shaalan’s official statement from the Executive Board meeting to the IMF. Both certainly make it appear that am RV is still out, a ways.

Also, the CBI’s seeking an extension to late July in order to complete another external auidit, inclusive of YE2010 Iraqi financials, implies – at least, to my limited way of thinking – that we won’t see an RV, until late 3Q11 or 4Q11 at the earliest. The frequent CBI/GOI/IMF references throughout the lengthy IMF posting regarding the CBI’s commitment to its current exchange rate policy and its monetary strategies don’t seem – again, to my limited way of thinking - to indicate an immediate RV or any other significant change to historic CBI practices, at least in the near term. Admittedly, what I don’t know about global economics could fill the Library of Congress. But, I do understand clearly articulated positions when they’re written and posted on official sites for all to read. Personally, I’ll go with that for my own emotional well being. Bottom line, if I follow my own instincts on whose reports seem most credibile, I’m going with this one. It’s an official publication of the parties responsible for a successful RV, whenever it happens, and contains their clearly stated positions. It’s a very worthwhile read, IMO.

Don’t get me wrong, I’ll be ecstatic if there’s an RV as close upon us as many are suggesting. But, it may be time for a breath of reality or, at a minimum, a healthy dose of skepticsm. Especially so, given the other credible and ”official” on-the-record sources of information available for consideration. Setting so many expectations, based upon inferences and the opinions of private sources (no matter how “highly placed”) doesn’t do oneself favor. If folks have the time, reading this might be a good investment of an hour or so..

http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf

My thoughts, anyway.

BlueWingedOlive

===

see page Page 10

15. The CBI will continue to aim at keeping inflation low, predominantly by

maintaining a stable exchange rate. The low level and the relative stability of inflation do

not suggest any significant over- or undervaluation of the Iraqi dinar.

so it's assumed correct at 1170?? DING DING DING EH!

Sounds like a winner to me. Been in this puppy for 2 days @ 50 Bucks & we be talkin about goin to the bank tomorrow.

[nointel]

already posted

[texaslonghorns]

Just relax everyone knows this is a long agonizing divorce causing investment. I mean come on Ali has been saying this crap for 7 years. Give me a freaking break. Something's about to pop like a 13 year old teenager's zit. Hang tight.

[hoosier1470]

I read this article in full, and I do realize that that exchange rate of 1170 is what is listed as "comfortable" for CBI at this time...but in reading rarther on, you begin to see that Iraq is willing to let this rate rise....as long as inflation can be contained at its current rate, or possibly a point or two higher. It is Iraqs gamble to take, and I truely believe they are going to do just that! They do not need the approval of the IMF to reval. their own currecy, and with the increased projections of oil production, and the newly functional electronic system in place, and the desire to remove the zeros from the Dinar...therefore easing the need to carry large sums of cash...as most will be using the cards....it has become apparent to me that they (Iraq) are ready to make a move. I have been reading one news article after another stating various members of government, bank (CBI), and Investors that have all pointed to a very real need to put into place a currency that will reflect a stable Iraq! This is just my opinion...I never post rumors, as my post history will show.....I have just been doing ALOT of homework for my own peace of mind....and this seems to be a certainty...sooner, rather than later... I do not see these 6-7 rates that everyone is throwing out, but Maliki himself stated in an interview yesterday that an RI of 3.22 was a very real possibility! My thoughts are this.....86-3.22...nowhere under...nowhere over! Like I have stated...Im no expert, and this is just my opinion! I do wish everyone involved the very best in all of your endeavors, and the very Best RV Wishes!!!!