eddie21 Posted May 27, 2011 Report Share Posted May 27, 2011 another site « CBI and Taxes not popular with Banks in Iraq | Main | Iraq Banking System Moving to 21st Century in 2014 » CBI Tax and New Currency on hold The Central Bank of Iraq made some changes to how it operates in reference to the banks and money changers inside Iraq. In late April, the CBI decided to impose a tax on all currency exchanges (as previously mentioned in my 5 May email newsletter). The CBI auctions experienced a downturn after imposing the tax on the banking institutions and all the currency exchange markets. The initial intentions were good; however this slowed the everyday commerce in the banking industry causing far less transactions of foreign currency exchange. CBI was attempting to force Iraqi’s to not conduct foreign exchange transactions hoping to increase the Iraqi dinar value. When the CBI observed its several hundred million a day auctions plummet they made the executive decision to raise the tax limit to 50k for all foreign currency transactions. After this decision the Iraqi people ramped up the CBI auctions once again. Seeing that the CBI has appeared to reverse their initial plans, my associates are saying that there will not be an RV in the month of May 2011. Regardless of the fact that the CBI has completed the Revaluation Re-denomination report. The CBI is also still waiting for PM Nuri Maliki’s request to have the report delivered to him. Unfortunately, my sources are confident an RV will not be possible this month. The dinar currency projection from the recently published CBI annual report, soon to be published internally for the ministries will also coincide with no RV (May 2011). Today, I got some additional, interesting information. The new Iraqi currency has been placed on hold. With the excuse being that with all the recent activities & transitions of the CBI bank (as well as the Iraqi government) it has just not been printed. I know this may be conflicting with what some of you have been told on some forums/blogs but this is factual & up to date information. There are no bills at this time. The printing of them is on hold. ------ another site skype: americancontractor e-mail: ac@another site ------ Posted by another site on May 11, 2011 8:27 PM | Permalink 6 7 Link to comment Share on other sites More sharing options...
dinardarius Posted May 27, 2011 Report Share Posted May 27, 2011 SO THEN JUNE 1ST 2 Link to comment Share on other sites More sharing options...
Jim1cor13 Posted May 27, 2011 Report Share Posted May 27, 2011 Hi eddie Thank you for the post . As much as so many folks appear to dislike ac, he is one of the *few* that has refused to take the road of hype and for years has maintained at least some integrity within his statements. I ran across a few of his comments over time, and although I am not that familiar with him, I must give him credit for not feeding into the frenzy of this speculation. Appreciate you effort eddie All my best! Jim --- Link to comment Share on other sites More sharing options...
drummerboy Posted May 27, 2011 Report Share Posted May 27, 2011 That report is 2 weeks old. The word changes in 2 weeks. I do not put much faith in the report based upon all the other news that is current. Thanks for the post though. 1 1 Link to comment Share on other sites More sharing options...
Buckeye Pilot Posted May 27, 2011 Report Share Posted May 27, 2011 There are no bills at this time. The printing of them is on hold. This guy needs to back that up with the goods, He has been Mr doom and gloom from day one. He loves to hear himself talk. 2 2 Link to comment Share on other sites More sharing options...
crnamiss Posted May 27, 2011 Report Share Posted May 27, 2011 (edited) Thanks for the info Eddie, been wondering when we would hear from another site again Edited May 27, 2011 by crnamiss Link to comment Share on other sites More sharing options...
FRUSTRATED Posted May 27, 2011 Report Share Posted May 27, 2011 NOT COOL !!! If they do this then i agree with DONALD TRUMP,we should not leave without taking total control of all the damn oil in IRAQ.There is no way these dumba**e* can run a country.Now they are trying to interfere with my future golf plans!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 2 Link to comment Share on other sites More sharing options...
freaky frank Posted May 27, 2011 Report Share Posted May 27, 2011 Thank you for the post eddie21.....I have read many posts by AC and frankly do not believe most of them. There are a couple of really good ones out there (posters) that provide links and back there intel. With a little research you will find them too. Go RV!! Link to comment Share on other sites More sharing options...
rick25sandi Posted May 27, 2011 Report Share Posted May 27, 2011 Thank you for the post eddie21.....I have read many posts by AC and frankly do not believe most of them. There are a couple of really good ones out there (posters) that provide links and back there intel. With a little research you will find them too. Go RV!! I agree, i don't give much credit to a/c 1 Link to comment Share on other sites More sharing options...
Hopeful Leo Posted May 27, 2011 Report Share Posted May 27, 2011 NOT COOL !!! If they do this then i agree with DONALD TRUMP,we should not leave without taking total control of all the damn oil in IRAQ.There is no way these dumba**e* can run a country.Now they are trying to interfere with my future golf plans!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Love it. Link to comment Share on other sites More sharing options...
Babs47 Posted May 27, 2011 Report Share Posted May 27, 2011 For whatever reason, AC's stuff just doesn't ring true for me. It feels as though he has some sinister agenda to get us out of this investment. Maybe he's been "turned to the Dark Side of the Force"? 1 1 Link to comment Share on other sites More sharing options...
Texas1 Posted May 27, 2011 Report Share Posted May 27, 2011 The new rate will most likely just post on Forex at a time and date that will catch most off guard. No preliminary news article, no big announcement, no bleachers, no big screen TVs. Just a new rate... 3 Link to comment Share on other sites More sharing options...
RRSport Posted May 27, 2011 Report Share Posted May 27, 2011 News just today another senior Iraqi official has been assassinated and attacks on us forces have increased dramatically....yeah sounds like an RV is around the corner....not 2 Link to comment Share on other sites More sharing options...
Solarcloud Posted May 27, 2011 Report Share Posted May 27, 2011 News just today another senior Iraqi official has been assassinated and attacks on us forces have increased dramatically....yeah sounds like an RV is around the corner....not Realistic thinking. I agree. 1 Link to comment Share on other sites More sharing options...
easyrider Posted May 27, 2011 Report Share Posted May 27, 2011 News just today another senior Iraqi official has been assassinated and attacks on us forces have increased dramatically....yeah sounds like an RV is around the corner....not blah blah way of life over there 1 1 Link to comment Share on other sites More sharing options...
RRSport Posted May 27, 2011 Report Share Posted May 27, 2011 blah blah way of life over there Easy there fella....I dont blah blah all your posts ;-) 1 1 Link to comment Share on other sites More sharing options...
Harley61 Posted May 27, 2011 Report Share Posted May 27, 2011 Come on folks. Let's keep it real. It is a way of life over here however, they do have their high times as well as their low times for it (crime) just like everyone else. Link to comment Share on other sites More sharing options...
JoeB Posted May 27, 2011 Report Share Posted May 27, 2011 AC is Okie's brother-in-law. Link to comment Share on other sites More sharing options...
RodandStaff Posted May 27, 2011 Report Share Posted May 27, 2011 Easy there fella....I dont blah blah all your posts ;-) I am guessing Easy isn't attacking you... just that what you stated is everyday news over in Iraq. There is probably just as much violence in our own country we just don't use car bombs and rocket launchers. I'm not trying to speak for Easy, but it seems like, if this is normal everyday life for them it won't impact the decision of an RV... IMO. Link to comment Share on other sites More sharing options...
Texhad Posted May 27, 2011 Report Share Posted May 27, 2011 Go RV! Blessings, Texhad 1 Link to comment Share on other sites More sharing options...
Butifldrm Posted May 27, 2011 Report Share Posted May 27, 2011 I would expect this kind of news to come out right before the RV! What country has ever said, we are revaluing our currency this month? I'm taking this as good news. If it's true. Link to comment Share on other sites More sharing options...
Diversuz Posted May 27, 2011 Report Share Posted May 27, 2011 I don't know why anyone would give you a negative mark just for posting info from another site. Don' t shoot the messenger. +1 to make up for the dorks. I agree. He took the time to post "info" from another site. It's not like he made it up!!! Link to comment Share on other sites More sharing options...
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