harrysmug Posted April 20, 2011 Report Share Posted April 20, 2011 Posted Today, 03:58 PM Hey everyone! I just had another update conversation with my buddy in Iraq. For those of you who never have read my posts, my friend is an Iraqi citizen who also worked as an interpreter for the US Government during the war in Iraq. Him and I try to speak at least once a week and its nice to receive information on what is happening in Iraq. Today we just spoke and he again reiterated the fact that the removal of three zeros was indeed all over the news a few days ago. He said that now people know that there is new currency in lower denoms (his guess was 25,10,5,1, and also some coins) that were printed a few years ago. He still is unsure of why they are doing this process of the removal of the three zeros in such a time where people need basic necessities such as clean water and electricity. His guess was that the process has begun and will not fully reach its potential till next year(Again it is HIS OPINION). He says the dinar will obviously gain in value but Iraq needs to produce more oil and export it. The country needs to be able to back such a change and revaluation. He feels that Iraq is not ready at this time but will in the future (I think opposite and believe we are right there folks). Also he believes that the GOI is fully formed and the ministers that we are all waiting for are basically already in place, but have not been officially voted on. The reason for this is that Maliki wants to control the whole GOI and does not like the selections made by his counterpart Allawi and this is why there is a hold up. Again, he feels all the ministry positions are filled but are waiting for them to be fully announced. What did I get out of this? -new lower denoms have been there for quite some time as their news told the people. -GOI is basically formed but needs to be a formal vote. -The removal of the three zeros is ready to go. -RV baby in my opinion very soon. He said that once he sees a new Iraqi dinar 9 Link to comment Share on other sites More sharing options...
Dianne Posted April 20, 2011 Report Share Posted April 20, 2011 Thank you for your post! Link to comment Share on other sites More sharing options...
mark_mich266 Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks for the post, Harry! Link to comment Share on other sites More sharing options...
crnamiss Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks for the info Harry, I also feel we are closer and closer! Link to comment Share on other sites More sharing options...
Buckeye Pilot Posted April 20, 2011 Report Share Posted April 20, 2011 Bravo........ Link to comment Share on other sites More sharing options...
investorman Posted April 20, 2011 Report Share Posted April 20, 2011 Harry. Great informative update. Thanks Link to comment Share on other sites More sharing options...
bodeen Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks for the post Harry...... May I say please, we need the RV right about........................ God Bless us all....... Bodeen 1 Link to comment Share on other sites More sharing options...
Shinnidan Posted April 20, 2011 Report Share Posted April 20, 2011 hmmm....if Ministers are not VOTED on yet...than the GOI is NOT fully formed. Nominations don't count as a fully formed GOI until they VOTE on it and is ACCEPTED by all parties. hmmm.... BANG!!!!!!! BUWHAHAHAHA Link to comment Share on other sites More sharing options...
Brudog Posted April 20, 2011 Report Share Posted April 20, 2011 Love to hear from true people in Iraq. Thanks Posted Today, 03:58 PM Hey everyone! I just had another update conversation with my buddy in Iraq. For those of you who never have read my posts, my friend is an Iraqi citizen who also worked as an interpreter for the US Government during the war in Iraq. Him and I try to speak at least once a week and its nice to receive information on what is happening in Iraq. Today we just spoke and he again reiterated the fact that the removal of three zeros was indeed all over the news a few days ago. He said that now people know that there is new currency in lower denoms (his guess was 25,10,5,1, and also some coins) that were printed a few years ago. He still is unsure of why they are doing this process of the removal of the three zeros in such a time where people need basic necessities such as clean water and electricity. His guess was that the process has begun and will not fully reach its potential till next year(Again it is HIS OPINION). He says the dinar will obviously gain in value but Iraq needs to produce more oil and export it. The country needs to be able to back such a change and revaluation. He feels that Iraq is not ready at this time but will in the future (I think opposite and believe we are right there folks). Also he believes that the GOI is fully formed and the ministers that we are all waiting for are basically already in place, but have not been officially voted on. The reason for this is that Maliki wants to control the whole GOI and does not like the selections made by his counterpart Allawi and this is why there is a hold up. Again, he feels all the ministry positions are filled but are waiting for them to be fully announced. What did I get out of this? -new lower denoms have been there for quite some time as their news told the people. -GOI is basically formed but needs to be a formal vote. -The removal of the three zeros is ready to go. -RV baby in my opinion very soon. He said that once he sees a new Iraqi dinar Link to comment Share on other sites More sharing options...
rnldtippitt Posted April 20, 2011 Report Share Posted April 20, 2011 Very cool. I'm still thinking May or June. Arab summit will be after the fact. The summit will effect a subsequent adjustment to align the basket. Link to comment Share on other sites More sharing options...
Soldiering4U Posted April 20, 2011 Report Share Posted April 20, 2011 Wait... Wait... Wait... a minute did something change while I have been gone I seem to have missed how the LOP of 000's is in any shape an RV.... use to the removal of 3 0's was a bad thing for investors but now it is a good thing??? or are we speaking of the front 3 zeros that would move it from 0.00085 to just 0.85 Man have I been out of the loop for a while... I blame facebook LOL Link to comment Share on other sites More sharing options...
coldwarvet Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks for the informative post! Link to comment Share on other sites More sharing options...
BLEACHERMAN53 Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks for the info! Link to comment Share on other sites More sharing options...
Butifldrm Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks Harry for keepin it real. God bless and protect your friend. Link to comment Share on other sites More sharing options...
Islandgirl7 Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks Harrysmug... Link to comment Share on other sites More sharing options...
MikeRite Posted April 20, 2011 Report Share Posted April 20, 2011 Create the money! Buy the goods & Services they need! Problems are gone! Simple Link to comment Share on other sites More sharing options...
cocklebur Posted April 20, 2011 Report Share Posted April 20, 2011 So, to put it in plain english, your friend is saying that at this time they cannot afford to have a positive rv of their currency. They basically need to spend any and all assets they have on infrastucture and trying to develop their oil reserves to produce the backing of their currency to pay for all the things they have to have, to do the things they need to do. Once they have achieved liquidity then they may see an evaluation in their currency, and once that is done and they have the assets and productivity to still support it, then and only then will their currency rv in any significant manner. This definitley sounds like if and when, and forever and a day, if it should actually ever come to fruition, but most certainly, no time soon. Link to comment Share on other sites More sharing options...
mentalmagic Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks Harry, I mean Tobias. Tobias you posted this earlier today on PD. Harry, are you Tobias, or is Harry reprinting Tobias? Link to comment Share on other sites More sharing options...
hoosier1470 Posted April 20, 2011 Report Share Posted April 20, 2011 Thank you for the post! Im thinking sooner than later also...not only because I want it to be, but because I truely dont believe the iraqi people can wait! In. requards to the summit, im thinking that Iraq wants to have their house in order beforehand to impress everyone that attends. Just the fact that they spent who knows how much on the big hotel, and everything else shows their intentions to make a big deal out of how far they have come! I dont see them allowing problems in goverment, and letting people use dinar to wipe their rears while in the restroom! We all know thats all its worth right now! Shabs had a very hard time answering questions while in DC earlier today....and he did say "soon"! So who knows...could he go back.to Iraq on Thursday and let this birds fly? I think its a very good possibility! We already know the deal with the zero's is done, so it could very well be the week we have been.waiting on. I personally believe it is, BUT ITS JUST MY OPINION! I tend to trust in Gods timing...and not in mans! With that being said....May God Bless each one of us! He promises a season of Harvest...and of Prosperity! I believe we are seeing His hands at work! For this...and all things...I give Him Praise! Link to comment Share on other sites More sharing options...
hpygrl Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks Harry, I mean Tobias. Tobias you posted this earlier today on PD. Harry, are you Tobias, or is Harry reprinting Tobias? Mentalmagic, harrysmug put in his topic that it was from another site. 1 Link to comment Share on other sites More sharing options...
lechesuerte Posted April 20, 2011 Report Share Posted April 20, 2011 Thanks H ..nice source. Link to comment Share on other sites More sharing options...
powerpager Posted April 20, 2011 Report Share Posted April 20, 2011 RV Baby!!! Link to comment Share on other sites More sharing options...
jbbdolphins Posted April 20, 2011 Report Share Posted April 20, 2011 So, to put it in plain english, your friend is saying that at this time they cannot afford to have a positive rv of their currency. They basically need to spend any and all assets they have on infrastucture and trying to develop their oil reserves to produce the backing of their currency to pay for all the things they have to have, to do the things they need to do. Once they have achieved liquidity then they may see an evaluation in their currency, and once that is done and they have the assets and productivity to still support it, then and only then will their currency rv in any significant manner. This definitley sounds like if and when, and forever and a day, if it should actually ever come to fruition, but most certainly, no time soon. Thank you for your post...allow me to add this http://oilandgas.einnews.com/news/oil-drilling/iraq?order=date. (Oil news as of todays date) According to the article, Iraq has already allocated how, who, when and where the wells will be. Happy reading. Link to comment Share on other sites More sharing options...
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