American Cont. - April 18th Report

[linny0830]

American Cont. 18 April 2011

There has been some great news articles recently published in

Baghdad. For those of you that rely on translators, I have one bit

of advice for you, don't put too much faith into the Arabic to

English translators. Many of them create numerous errors and often

lead to misinformation. I've seen this happen way too many times

over the course of several years and have noticed it even more

recently. My inbox has been bombarded with emails from readers

whom have asked me to clarify or confirm something that has been

translated only to discover that the information was completely

false. In fact, many of the mistranslations of certain words have

lead people to believe that a possible RV is around the corner. It

appears that many of the mistranslations are in regards to certain

news articles that the Central Bank of Iraq is about to change the

currency and than an RV will occur shortly after. In my last

emailed newsletter I stated that the re-denomination (if it does in

fact occur) is not the RV that everyone is expecting. I have

several of my own personal Arabic translators whom I trust and

welcome any of my readers to email with their questions in regards

to translations.

There are certain individuals and groups who have cast doubts on

what is exactly going on with the Ministry of Finance and the

Central Bank of Iraq. Speculation and debating are one thing, but

to turn all that into fact is another. In any event, whatever is

planned must first be brought forth in front of the Council of

Ministries as well as the Iraqi Parliament for approval. I've been

reiterating this for over three years now. In another possible

case scenario, the Iraqi Parliament could also decide not to pass

the new law of re-denomination which would then send the plan for

the Iraqi currency back to the CBI and the MoF for alternative

action. One has to ask one's self and wonder, "if this is so good

for the Iraqi people why do business organizations oppose the

idea"? We have already seen Iraqi's changing their Iraqi dinar

currency back to dollars in order to preserve capital (as recently

reported by Iraqi's in the Dhi Qar district). An Iraqi named,

Ahmed Al-Humaidi also an employee of LG in the electrical

department stated, "the matter that concerns me now is to change my

money from the Iraqi currency to the dollar in order to preserve

capital."

On another note, I would like to bring your attention to one

specific headline that was recently in a Baghdad newspaper. The

headline read; Parliamentary: the deletion of zeros from the Iraqi

currency would overcome all the difficulties of economic. This

article is significant and well worth the read. I gave a head's up

to everyone on 15 February when I made this comment on my web site.

From another site web site 15 Feb 2011

In regards to the Iraqi currency:

Expect the Central Bank of Iraq to be distributing the new Iraq

dinar currency just after they complete their internal report. No

one seems to know a completion date for the internal report so

expect it to be ongoing and dragging on for a long period of time.

From what I am getting on my end (here in Baghdad), Iraq will be

following suit right along with the way the country, Turkey,

handled their currency. Both the new and the old currency will be

simultaneously in circulation. Don't misunderstand this upcoming

merge of currencies to be any indication or form of RV or RI as

some would like to make you think (and WILL try to make you think).

And, keep in mind that the internal report as I mentioned above,

could be a lengthy process as is everything in Iraq.

I stated that the Central Bank of Iraq had a committee which was

very close to being finished with their report regarding

re-denomination of the dinar currency and upon completion would be

submitting the report to the council of ministries. As of today,

the report has not been completed and still is not in the hands of

the council of ministries. One issue seems to be that, the Central

Bank is continuing to collect feedback from various groups and

experts who apparently are either opposed or against the

re-denomination. There seems to be a great divide. I also reported

that the process is an extremely lengthy one and could take some

time. Also, in my post on 15 Feb, I mentioned that Iraq appeared

to be leaning towards the same process and following suit with what

Turkey did with their currency. Many of you are probably wondering

how I have come to this conclusion. Well, I have always thought

this was the route they may go and I recently got some confirmation

of this thought process in the article with the headline;

CBI: The restructuring of the Iraqi currency inflation fit the cash

block. (In this article there is a paragraph that gives an example

to what to look for);

To that, the adviser to the Central Bank of the appearance of

Mohammed Saleh, said that such fears are unwarranted, and that the

economic situation in Iraq is good and able to withstand the

application of this project, and that this experience had

previously been applied in countries such as Turkey, which has by

deleting six zeros from the currency before the period is not too

distant future.

The article gives an example country, Turkey. Is it more than just

a coincidence? I think not.

I have very close and tight contacts within the banking industry in

Iraq and they have not been wrong as of today with the information

that they have shared and provided to me. The information comes to

me months prior to being made public in many times.

Important dates to note; 5 May, which involves the mechanism for

the Development Fund for Iraq. The 5th of May is an important date

to watch for news about the DFI and the future mechanism. I did

state on several occasions that the DFI Fund will remain in New

York at the Federal Reserve and will be called by a different name.

This is what my contacts are saying as of today, but this could

very well change. After all, this IS Iraq.

19 May 2011 - Responses for the Gas Exploration contracts

30 June 2011 - DFI renamed Account still held in New York

10 Oct 2011 - Oil & Gas Trade Mission Energy Basra Iraq

11 Sep 2011 - Kurdistan Regional Government elections

Contrary to what is being said on some forums, the governor of the

Central Bank of Iraq did not go to the Switzerland business

conference. How do I know this? Because on the date where he was

reported to had been there I was in an unrelated meeting where he

was present. Pretty difficult to be two places at once. However, he

will be present in Washington D.C. for the business community on 19

April. Also, the Arab League conference that was expected to start

in Baghdad next month will more than likely be postponed again for

sometime in 2012.

[Hirsch]

American Cont.- 18 April 2011

18 April 2011

There has been some great news articles recently published in

Baghdad. For those of you that rely on translators, I have one bit

of advice for you, don't put too much faith into the Arabic to

English translators. Many of them create numerous errors and often

lead to misinformation. I've seen this happen way too many times

over the course of several years and have noticed it even more

recently. My inbox has been bombarded with emails from readers

whom have asked me to clarify or confirm something that has been

translated only to discover that the information was completely

false. In fact, many of the mistranslations of certain words have

lead people to believe that a possible RV is around the corner. It

appears that many of the mistranslations are in regards to certain

news articles that the Central Bank of Iraq is about to change the

currency and than an RV will occur shortly after. In my last

emailed newsletter I stated that the re-denomination (if it does in

fact occur) is not the RV that everyone is expecting. I have

several of my own personal Arabic translators whom I trust and

welcome any of my readers to email with their questions in regards

to translations.

There are certain individuals and groups who have cast doubts on

what is exactly going on with the Ministry of Finance and the

Central Bank of Iraq. Speculation and debating are one thing, but

to turn all that into fact is another. In any event, whatever is

planned must first be brought forth in front of the Council of

Ministries as well as the Iraqi Parliament for approval. I've been

reiterating this for over three years now. In another possible

case scenario, the Iraqi Parliament could also decide not to pass

the new law of re-denomination which would then send the plan for

the Iraqi currency back to the CBI and the MoF for alternative

action. One has to ask one's self and wonder, "if this is so good

for the Iraqi people why do business organizations oppose the

idea"? We have already seen Iraqi's changing their Iraqi dinar

currency back to dollars in order to preserve capital (as recently

reported by Iraqi's in the Dhi Qar district). An Iraqi named,

Ahmed Al-Humaidi also an employee of LG in the electrical

department stated, "the matter that concerns me now is to change my

money from the Iraqi currency to the dollar in order to preserve

capital."

On another note, I would like to bring your attention to one

specific headline that was recently in a Baghdad newspaper. The

headline read; Parliamentary: the deletion of zeros from the Iraqi

currency would overcome all the difficulties of economic. This

article is significant and well worth the read. I gave a head's up

to everyone on 15 February when I made this comment on my web site.

From another site web site 15 Feb 2011

In regards to the Iraqi currency:

Expect the Central Bank of Iraq to be distributing the new Iraq

dinar currency just after they complete their internal report. No

one seems to know a completion date for the internal report so

expect it to be ongoing and dragging on for a long period of time.

From what I am getting on my end (here in Baghdad), Iraq will be

following suit right along with the way the country, Turkey,

handled their currency. Both the new and the old currency will be

simultaneously in circulation. Don't misunderstand this upcoming

merge of currencies to be any indication or form of RV or RI as

some would like to make you think (and WILL try to make you think).

And, keep in mind that the internal report as I mentioned above,

could be a lengthy process as is everything in Iraq.

I stated that the Central Bank of Iraq had a committee which was

very close to being finished with their report regarding

re-denomination of the dinar currency and upon completion would be

submitting the report to the council of ministries. As of today,

the report has not been completed and still is not in the hands of

the council of ministries. One issue seems to be that, the Central

Bank is continuing to collect feedback from various groups and

experts who apparently are either opposed or against the

re-denomination. There seems to be a great divide. I also reported

that the process is an extremely lengthy one and could take some

time. Also, in my post on 15 Feb, I mentioned that Iraq appeared

to be leaning towards the same process and following suit with what

Turkey did with their currency. Many of you are probably wondering

how I have come to this conclusion. Well, I have always thought

this was the route they may go and I recently got some confirmation

of this thought process in the article with the headline;

CBI: The restructuring of the Iraqi currency inflation fit the cash

block. (In this article there is a paragraph that gives an example

to what to look for);

To that, the adviser to the Central Bank of the appearance of

Mohammed Saleh, said that such fears are unwarranted, and that the

economic situation in Iraq is good and able to withstand the

application of this project, and that this experience had

previously been applied in countries such as Turkey, which has by

deleting six zeros from the currency before the period is not too

distant future.

The article gives an example country, Turkey. Is it more than just

a coincidence? I think not.

I have very close and tight contacts within the banking industry in

Iraq and they have not been wrong as of today with the information

that they have shared and provided to me. The information comes to

me months prior to being made public in many times.

Important dates to note; 5 May, which involves the mechanism for

the Development Fund for Iraq. The 5th of May is an important date

to watch for news about the DFI and the future mechanism. I did

state on several occasions that the DFI Fund will remain in New

York at the Federal Reserve and will be called by a different name.

This is what my contacts are saying as of today, but this could

very well change. After all, this IS Iraq.

19 May 2011 - Responses for the Gas Exploration contracts

30 June 2011 - DFI renamed Account still held in New York

10 Oct 2011 - Oil & Gas Trade Mission Energy Basra Iraq

11 Sep 2011 - Kurdistan Regional Government elections

Contrary to what is being said on some forums, the governor of the

Central Bank of Iraq did not go to the Switzerland business

conference. How do I know this? Because on the date where he was

reported to had been there I was in an unrelated meeting where he

was present. Pretty difficult to be two places at once. However, he

will be present in Washington D.C. for the business community on 19

April. Also, the Arab League conference that was expected to start

in Baghdad next month will more than likely be postponed again for

sometime in 2012.

[wiyakpa]

from where ???? who wrote this ????

[Q77]

CBI Plan to Re-denomination not Finalized

There has been some great news articles recently published in Baghdad. For those of you that rely on translators, I have one bit of advice for you, don’t put too much faith into the Arabic to English translators. Many of them create numerous errors and often lead to misinformation. I’ve seen this happen way too many times over the course of several years and have noticed it even more recently. My inbox has been bombarded with emails from readers whom have asked me to clarify or confirm something that has been translated only to discover that the information was completely false. In fact, many of the mistranslations of certain words have lead people to believe that a possible RV is around the corner. It appears that many of the mistranslations are in regards to certain news articles that the Central Bank of Iraq is about to change the currency and than an RV will occur shortly after. In my last emailed newsletter I stated that the re-denomination (if it does in fact occur) is not the RV that everyone is expecting. I have several of my own personal Arabic translators whom I trust and welcome any of my readers to email with their questions in regards to translations.

There are certain individuals and groups who have cast doubts on what is exactly going on with the Ministry of Finance and the Central Bank of Iraq. Speculation and debating are one thing, but to turn all that into fact is another. In any event, whatever is planned must first be brought forth in front of the Council of Ministries as well as the Iraqi Parliament for approval. I’ve been reiterating this for over three years now. In another possible case scenario, the Iraqi Parliament could also decide not to pass the new law of re-denomination which would then send the plan for the Iraqi currency back to the CBI and the MoF for alternative action. One has to ask one’s self and wonder, “if this is so good for the Iraqi people why do business organizations oppose the idea”? We have already seen Iraqi’s changing their Iraqi dinar currency back to dollars in order to preserve capital (as recently reported by Iraqi’s in the Dhi Qar district). An Iraqi named, Ahmed Al-Humaidi also an employee of LG in the electrical department stated, “the matter that concerns me now is to change my money from the Iraqi currency to the dollar in order to preserve capital.”

On another note, I would like to bring your attention to one specific headline that was recently in a Baghdad newspaper. The headline read; Parliamentary: the deletion of zeros from the Iraqi currency would overcome all the difficulties of economic. This article is significant and well worth the read. I gave a head’s up to everyone on 15 February when I made this comment on my web site.

From another site web site 15 Feb 2011

In regards to the Iraqi currency:

Expect the Central Bank of Iraq to be distributing the new Iraq dinar currency just after they complete their internal report. No one seems to know a completion date for the internal report so expect it to be ongoing and dragging on for a long period of time. From what I am getting on my end (here in Baghdad), Iraq will be following suit right along with the way the country, Turkey, handled their currency. Both the new and the old currency will be simultaneously in circulation. Don’t misunderstand this upcoming merge of currencies to be any indication or form of RV or RI as some would like to make you think (and WILL try to make you think). And, keep in mind that the internal report as I mentioned above, could be a lengthy process as is everything in Iraq.

I stated that the Central Bank of Iraq had a committee which was very close to being finished with their report regarding re-denomination of the dinar currency and upon completion would be submitting the report to the council of ministries. As of today, the report has not been completed and still is not in the hands of the council of ministries. One issue seems to be that, the Central Bank is continuing to collect feedback from various groups and experts who apparently are either opposed or against the re-denomination. There seems to be a great divide. I also reported that the process is an extremely lengthy one and could take some time. Also, in my post on 15 Feb, I mentioned that Iraq appeared to be leaning towards the same process and following suit with what Turkey did with their currency. Many of you are probably wondering how I have come to this conclusion. Well, I have always thought this was the route they may go and I recently got some confirmation of this thought process in the article with the headline;

CBI: The restructuring of the Iraqi currency inflation fit the cash block. (In this article there is a paragraph that gives an example to what to look for);

To that, the adviser to the Central Bank of the appearance of Mohammed Saleh, said that such fears are unwarranted, and that the economic situation in Iraq is good and able to withstand the application of this project, and that this experience had previously been applied in countries such as Turkey, which has by deleting six zeros from the currency before the period is not too distant future.

The article gives an example country, Turkey. Is it more than just a coincidence? I think not.

I have very close and tight contacts within the banking industry in Iraq and they have not been wrong as of today with the information that they have shared and provided to me. The information comes to me months prior to being made public in many times.

Important dates to note; 5 May, which involves the mechanism for the Development Fund for Iraq. The 5th of May is an important date to watch for news about the DFI and the future mechanism. I did state on several occasions that the DFI Fund will remain in New York at the Federal Reserve and will be called by a different name. This is what my contacts are saying as of today, but this could very well change. After all, this IS Iraq.

19 May 2011 - Responses for the Gas Exploration contracts

30 June 2011 - DFI renamed Account still held in New York

10 Oct 2011 - Oil & Gas Trade Mission Energy Basra Iraq

11 Sep 2011 - Kurdistan Regional Government elections

Contrary to what is being said on some forums, the governor of the Central Bank of Iraq did not go to the Switzerland business conference. How do I know this? Because on the date where he was reported to had been there I was in an unrelated meeting where he was present. Pretty difficult to be two places at once. However, he will be present in Washington D.C. for the business community on 19 April. Also, the Arab League conference that was expected to start in Baghdad next month will more than likely be postponed again for sometime in 2012.

***********************************

American Con*tractor is a professional working in the area of operations and currently living in Baghdad, Iraq. another site can be reached at the contact details below. another site appreciates all comments and feedback and responds to all communications.

Skype: american*contractor

Edited April 18, 2011 by Q77

[LEXICON]

American Cont.

[blue horseshoe]

thanks for the research!!!

[cash1324]

This Is an email from the another site

[joe liberst]

I am pretty sure this is older then the 18th.

[olivesman]

WHY does this sound SO familiar???

[LEXICON]

I just received this as a fresh email not 10 mins ago.

[shedguy]

Are these opinions or facts, if they are opinions cool, I will respect your time typing, if any are facts please could you attach a reference to each article, I am also in Iraq and those paragraphs seem a little far from reality!!!!!!!!!!!!!

[JuryPicker]

It's making the rounds.

[debratzz]

This is the third posting of this poop. Mods help... no offense to Q77

[FAB]

...wow, no bible prophesies, bank teller back screens, rainbows or lollipops.............it must be smoke and mirrors...

[freaky frank]

Third time I've seen this today! AC is making his rounds...

[Buckeye Pilot]

American Cont.

Yep....

This guy Pee,s in every good article from Iraq, Not sure why he is such a Neg Nancy.

?

[Dinarius Rucker]

...wow, no bible prophesies, bank teller back screens, rainbows or lollipops.............it must be smoke and mirrors...

Or, maybe this guy is trying to help Ali get his Dinar back...

[linny0830]

This is the third posting of this poop. Mods help... no offense to Q77

I checked before I posted and didn't see one posted by all means remove mine.

[DEAMAN]

Thank you for the great post, very thorough. I have a question: Can you confirm what people where reporting a couple days back about information scrolling on Iraqi TV about currency change?

Thanks for keeping it real...

[Hell froze over]

There has been some great news articles recently published in

Baghdad. For those of you that rely on translators, I have one bit

of advice for you, don't put too much faith into the Arabic to

English translators. Many of them create numerous errors and often

lead to misinformation. I've seen this happen way too many times

over the course of several years and have noticed it even more

recently. My inbox has been bombarded with emails from readers

whom have asked me to clarify or confirm something that has been

translated only to discover that the information was completely

false. In fact, many of the mistranslations of certain words have

lead people to believe that a possible RV is around the corner. It

appears that many of the mistranslations are in regards to certain

news articles that the Central Bank of Iraq is about to change the

currency and than an RV will occur shortly after. In my last

emailed newsletter I stated that the re-denomination (if it does in

fact occur) is not the RV that everyone is expecting. I have

several of my own personal Arabic translators whom I trust and

welcome any of my readers to email with their questions in regards

to translations.

There are certain individuals and groups who have cast doubts on

what is exactly going on with the Ministry of Finance and the

Central Bank of Iraq. Speculation and debating are one thing, but

to turn all that into fact is another. In any event, whatever is

planned must first be brought forth in front of the Council of

Ministries as well as the Iraqi Parliament for approval. I've been

reiterating this for over three years now. In another possible

case scenario, the Iraqi Parliament could also decide not to pass

the new law of re-denomination which would then send the plan for

the Iraqi currency back to the CBI and the MoF for alternative

action. One has to ask one's self and wonder, "if this is so good

for the Iraqi people why do business organizations oppose the

idea"? We have already seen Iraqi's changing their Iraqi dinar

currency back to dollars in order to preserve capital (as recently

reported by Iraqi's in the Dhi Qar district). An Iraqi named,

Ahmed Al-Humaidi also an employee of LG in the electrical

department stated, "the matter that concerns me now is to change my

money from the Iraqi currency to the dollar in order to preserve

capital."

On another note, I would like to bring your attention to one

specific headline that was recently in a Baghdad newspaper. The

headline read; Parliamentary: the deletion of zeros from the Iraqi

currency would overcome all the difficulties of economic. This

article is significant and well worth the read. I gave a head's up

to everyone on 15 February when I made this comment on my web site.

From another site web site 15 Feb 2011

In regards to the Iraqi currency:

Expect the Central Bank of Iraq to be distributing the new Iraq

dinar currency just after they complete their internal report. No

one seems to know a completion date for the internal report so

expect it to be ongoing and dragging on for a long period of time.

From what I am getting on my end (here in Baghdad), Iraq will be

following suit right along with the way the country, Turkey,

handled their currency. Both the new and the old currency will be

simultaneously in circulation. Don't misunderstand this upcoming

merge of currencies to be any indication or form of RV or RI as

some would like to make you think (and WILL try to make you think).

And, keep in mind that the internal report as I mentioned above,

could be a lengthy process as is everything in Iraq.

I stated that the Central Bank of Iraq had a committee which was

very close to being finished with their report regarding

re-denomination of the dinar currency and upon completion would be

submitting the report to the council of ministries. As of today,

the report has not been completed and still is not in the hands of

the council of ministries. One issue seems to be that, the Central

Bank is continuing to collect feedback from various groups and

experts who apparently are either opposed or against the

re-denomination. There seems to be a great divide. I also reported

that the process is an extremely lengthy one and could take some

time. Also, in my post on 15 Feb, I mentioned that Iraq appeared

to be leaning towards the same process and following suit with what

Turkey did with their currency. Many of you are probably wondering

how I have come to this conclusion. Well, I have always thought

this was the route they may go and I recently got some confirmation

of this thought process in the article with the headline;

CBI: The restructuring of the Iraqi currency inflation fit the cash

block. (In this article there is a paragraph that gives an example

to what to look for);

To that, the adviser to the Central Bank of the appearance of

Mohammed Saleh, said that such fears are unwarranted, and that the

economic situation in Iraq is good and able to withstand the

application of this project, and that this experience had

previously been applied in countries such as Turkey, which has by

deleting six zeros from the currency before the period is not too

distant future.

The article gives an example country, Turkey. Is it more than just

a coincidence? I think not.

I have very close and tight contacts within the banking industry in

Iraq and they have not been wrong as of today with the information

that they have shared and provided to me. The information comes to

me months prior to being made public in many times.

Important dates to note; 5 May, which involves the mechanism for

the Development Fund for Iraq. The 5th of May is an important date

to watch for news about the DFI and the future mechanism. I did

state on several occasions that the DFI Fund will remain in New

York at the Federal Reserve and will be called by a different name.

This is what my contacts are saying as of today, but this could

very well change. After all, this IS Iraq.

19 May 2011 - Responses for the Gas Exploration contracts

30 June 2011 - DFI renamed Account still held in New York

10 Oct 2011 - Oil & Gas Trade Mission Energy Basra Iraq

11 Sep 2011 - Kurdistan Regional Government elections

Contrary to what is being said on some forums, the governor of the

Central Bank of Iraq did not go to the Switzerland business

conference. How do I know this? Because on the date where he was

reported to had been there I was in an unrelated meeting where he

was present. Pretty difficult to be two places at once. However, he

will be present in Washington D.C. for the business community on 19

April. Also, the Arab League conference that was expected to start

in Baghdad next month will more than likely be postponed again for

sometime in 2012.

***You are receiving this email because you have subscribed

to the another site mailing list. If you have been

forwarded this email and not directly from me than please

subscribe to my email list by clicking on the link below.

Thank you very much for subscribing and being a loyal reader.

*********************************************************

another site is a professional working in the area of

operations and currently living in Baghdad, Iraq. American

Contractor can be reached at the contact details below. American

Contractor appreciates all comments and feedback and responds to

all communications.

*********************************************************

Edited April 18, 2011 by k98nights
removed links to outside dinar site

[Jaygo]

geeez how many times is this going to be posted!!!!!

[hoosier1470]

Blah Blah Blah Blah and Blah!!! What a bunch of BS!!! Have your translators translate that for you, see if you can make any sense out of it! LMAO!!!!

[flahenry]

3rd time posted today! it is a good idea to read through posts before posting yourself...please?

[TFK]

This guy is full of it. He's is just another guy that knows nothing. If you let his post upset you, stop reading things from these guys.

[caz1104]

I've read many of AC's posts over the last year and he is consistant with his thoughts. My question to him is what is his gain for reporting/posting to dinar sites of the possibility of a NO RV? I know it's just his opinions but I just don't get what his endgame is..............................................................................GO RV 2011 BABY!!!!!!