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Kaperoni's friend the Arabic translator chimes in on Shabibi visit to the US, the "delete 3 zeros" articles, and RV.

DRV1804

By DRV1804,
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DRV1804

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This does not reflect the views of DRV1804, brought over from another site!!

The Dinar Process has started.., Shabibi has met his “by end of year” promise.....s is an article that came out today...there is an audio clip that goes with it that when translated, gives us some real insight to where we are in regard to the upcoming RV...the actual process that is taking place. My Arabic speaking friends comments are below...http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.radiodijla.com/cgi-bin/news/news_item.pl?id%3D2011-01-03%252010:08:09&prev=hp&rurl=translate.google.com&usg=ALkJrhgx1L7rvoNxe43UqQJMpoNaVtGGQw

Coins and paper in small groups facing the risk of "extinction" in Iraq

Receded handle coins and paper in small groups in Iraq, even by young children to the decline in value of material and high rates of inflation.

Mahmoud Almksusi Chairman of the Economic Development Committee in the provincial council in Basra, says that the reason for the extinction of the coin is made in the currency inflation, while citizens from carrying ashamed of these currencies, calling for the central bank to cancel.

More details with Mohammed Al Jabri:

Audio

http://www.radiodijla.com/ckfinder/userfiles/files/amlaa.mp3

Okay listened to the audio clip, and it is very interesting.

But it is showing that people are ready for a change in the currency

Basically, it talks about how large denominations have been scarce in availability over the past few months in Iraq.

And that all the banks and atms, etc. have been carrying mostly the lower denominations note that are currently out on the CBI site (50, 250, 500, etc.).

But the problem is, since the dinar has so little purchasing power, the large bills are needed for transactions.

So since prices are high, if something is 15,000 Dinars

And the bank is handing out 250 Dinar bills or whatever

Then you have to carry around a huge stack of the lower bills

To even be able to buy regular stuff

So the clip goes on to say that the people are ashamed of the currency

Because it is embarrassing to have to carry around all these little bills.

And they have no purchasing power whatsoever.

They go on to complain that the smaller denomination coins are also being handed out by banks.

But since you would need a whole gallon size zip lock bag to even buy something small with the coins

That no one uses them

And that they toss them in the garbage or give them to the children to play with

So the commentators suggest to Cbi that they should cancel the printing of all these lower denoms and coins

And just keep issuing the big bills

But another solution to this problem is what we've been waiting for... the Rv!!!!

Because when they Rv, prices will be adjusted and the dinar will have greater purchasing power.

And the large denoms will not be needed

And the smaller denoms will buy much more than they do now.

So you won't have to carry around a bunch of smaller denom bills

And you will use the coins and what not

Just like we do in the Us

So the audio recording is geared towards venting people's frustrations with the state of the currency

as they are making Iraqis use the smaller notes

The people want the smaller denoms gone.

And that was the whole point of the audio clip

I think it is a case of the people not really understanding what is being planned.

When the Rv happens and things change like we talked about above, then they'll be like oh okay, this is better than all those large bills

------------------------------------------------------------------------

I have great faith in this mans Arabic translation....His cause is the same as mine to help all. If anyone understands Arabic and listens to this recording and has a differnet view, please PM me.

Kap's Arabic translator friend looks at the latest "Delete the 3 zeros" article.

Kap,

The article starts off by talking about the new plans to change the Dinar and they say that Saleh from CBI says that they will remove the 3 zeros as well as put new Kurdish language along with the English and Arabic on the bills. The article states that the goal of the change is to decrease the amount of Dinars in circulation and to increase the purchasing power of the Dinar. However, the article states that they expect the change to take a bit because there would need to be approvals for the change to occur, etc (The language used in the article is not clear about when they think this will occur, but it is simply their opinion. They make it appear that they think it will happen in the near term, but not immediately). The article goes on to say that they need to do this in order to reduce inflation and to reduce the monetary supply by 1/3. They also say that this is necessary because they expect inflation to go up drastically from investment and other business activities and development. They also say that this will be better for the people and for business transactions because it will reduce the amount of physical currency that has to be handled, counted, and processed.

The remainder of the article re-states that the 3 zeros will be removed and that the Kurdish language will be added to it. They also say that it will be returned to the same value that it was in the 1980s (which is the 3+ rate range that we are aware of). They also say that they will build in more anti-counterfit and security measures into the new printed bills.

This sounds very optimistic because they have finally stated in the press exactly what we suspected and exactly what we've been waiting to hear. This further supports our suspicions that the RV is soon to be here!

Article here

http://dinaralert.webs.com/apps/forums/topics/show/4603882-delete-the-zeros-from-the-iraqi-currency

April 9, 2011

Kap's Arabic translator friend looks at the lastest CBI article.

Kap,

I did take a look at the article and what the person who wrote the article did was take the excerpt from the previous statement in the articles this past week by Saleh and the CBI and paste it into the article, and then they just interviewed different people about their opinion of how they think the change in the currency will affect everyone in Iraq. So this article doesn't really have any solid evidence or expert advice. It is just asking people's opinions and views. The first two statements were made by shop/business owners and they said that they are in favor of the change and that, aside from any possible complications, it would help to restore confidence in the Dinar and bring more purchasing power. The other two statements were by citizens and they also shared the same view. The fifth statement was by another individual who is an economist and he says that removing the 3 zeros (which to me means releasing lower denomination bills) would help to reduce the physical money supply but would be pointless unless they change the rate as well (doing a full RV, which we know is what they have to do in order to RV (release new bills and change the rate)). The last statement says that they need to change the exchange rate, and even if they change it to 1 to 1 with Dinar equaling 1 US Dollar, then that would help the economy (This is his opinion and he is right, but he is not saying that CBI is going to put the rate at 1 to 1. This is just his example.). The end of the article talks about how complicated of a process this is and that CBI has been studying it thoroughly and will present the facts of the pros and cons to Parliament (it doesn't say if it was already presented or if they are going to). All in all, I really believe that people should have nothing to worry about. The more there is talk of the CBI articles, the more I feel like we are getting closer. It just doesn't seem normal that CBI and the media would be quite about the RV for so long and then start talking about it frequently all of a sudden unless there was a serious reason to discuss it (meaning that they know it will happen soon, so they are trying to get people to recognize that this is a serious possibility that it being considered and that they should be aware of it). And everyone is trying to analyze the 3 zeros statement to death and are afraid that means a LOP with no currency change. I do not believe that at all and I don't get that impression from reading the articles. It wouldn't help them at all to LOP because the rate will still be worthless and no one will want to get paid in worthless new Dinar bills. So I wouldn't even consider a LOP and I don't think that people have anything to worry about.

http://translate.google.com/translate?hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.alsumaria.tv/ar/Iraq-News/1-63189-.html

Kaperoni's friend the Arabic translator chimes in on the recent Shabibi visit to the US, the "delete 3 zeros" articles, and RV.

This is his views...great explinations!Kap,

Anyway, Shabibi's visit did create quite a stir this week! It was the talk of the forums and I am glad that it happened because I feel it was all positive. I don't think he told us anything we didn't already know, but from the way he played coy and dodged the question and was very careful with what he said, that tells me we are very close and that they are seriously considering an RV. My opinion is that if, for example, the theory is that all the Dinar "speculators" are crazy and we are looking for something that wouldn't happen, then Shabibi would have flat come out and said that it wouldn't RV and all that is just non-sense talk, etc. It is very easy to say no, it won't happen if that is your plan. But since he did the opposite by trying to be cryptic and then saying that the RV would be a possibility to control inflation in Iraq, etc, it makes me believe that it is soon. The other stuff we already knew and had figured out. I think it is promising, because if there was ever a doubt in anyone's mind about whether or not the RV was real or was going to happen, all of the info such as the CBI articles and Shabibi's talk have verified in fact that this is all real and that it is going to happen.

In addition to the fact that for so long, since about February 2010, there hasn't been any definite talk about the RV other than that statement by CBI that they would RV by the end of 2010, etc. And they have been pretty much quite since then. So for them to become chatty in the media and with Shabibi's appearance, etc all of a sudden is very surprising and it leads me to believe that this is all part of a well orchestrated plan and I am beginning to suspect that Shabibi may know exactly when the RV will happen.

As for a LOP, I didn't see anything that would suggest that this is true. I know that there are people that are very worried about the interpretation of removing the 3 zeros, etc, but I think that is just their way of referring to the currency change. Because to me, it doesn't make sense to go from less than a cent to 85 cents per Dinar. I mean, that is not that strong of an improvement, and they might as well should have left it at what it is right now. So I wouldn't believe any of the LOP stuff because it isn't practical for them, and if the point is that the world is waiting for the RV to cash in and pay off their debts, etc and all the "powers to be" are greedy and want to make tons and tons of money, well 85 cents really makes it difficult for them to do that. So I am not too concerned about it at all, and even if (goodness forbid) that happens, well it is still 85 cents X how many every dinar we hold and that is more money that we had to begin with and I would be okay. Not as okay as I would have been at $3+, which is what I truly believe it will come out, but still. I am ready for this to be done and over with! LOL!.

Then there was more confusion on the forums about pulling the big bills off the market and people were mis-interpreting it by saying that this is not true and that they have all these trillions of dinars and that there is no cash shortage or pressure on the cash supply inside Iraq. Those chats were very misleading because no one said that there was no cash inside of Iraq. What was said that all of the BIG BILLS were pulled out of circulation inside Iraq and that any remaining Dinars in circulation inside Iraq are in the lower denoms, such as 1,000, 500, or 250 Dinars. So this makes it very difficult to do everyday business transactions and everyday purchases with huge amounts of small bills for even the smallest purchases. When you go cash your pay check, you will get it in those small bills in Iraq, not the big bills. And so it is true that there is still alot of money in Dinar form in the market (as indicated by CBI Auctions and statistics, etc) but it is all in lower form inside of Iraq. I think what is also confusing people is that when we order Dinars here in the states, we still get the big bills. And so people are saying, well if we can get the big bills, then it must be a lie that they were pulled out of circulation. Well, CBI has purposely left those big bills outside of the country to facilitate international transactions and demand for Dinars because it is easier than have the world deal with thousands upon thousands of lower bills. Plus, these big bills were already out of the country long before Iraq started pulling them in, and so they know that when an RV happens, they have most of the big bills, and the rest will eventually be returned to them to be destroyed.

So my point with all this is that there is so much misinformation going on and all the rumors and news and even Intel are conflicting with each other and at this point, I don't even believe the news articles much less the rumors. The news articles have been wrong and misleading since December with respect to the 3 remaining ministers. Almost every week since the GOI was formed in December, they have had article after article talking about oh, the ministers will be selected soon or this week or next week or on Sunday they will vote on them or there was a meeting to resolve them or there is a deadline to get them done, and for 6 months since December, they have been wrong every week and nothing has been done or announced with the 3 remaining ministers. Up until this past week, they had said we were supposed to have them done and voted on in Parliament, but now they changed it to this coming week. It is getting very hard for me to believe that they cannot agree about the ministers because if they are in that much disagreement and it has taken 6 months to try to pick ministers, then there is no way that they were able to agree on the 39 or so other ministers that were selected in December. And I think that 6 months is plenty enough time to work out any disputes about those positions, so it seems very strange to me and I am just not buying the minister story anymore. Some say that they were already put in place long ago. Well, I would be more willing to believe that they already picked them and know who they want, but that they are waiting for some particular time or event to announce them and put them into the positions. What are they waiting for, I have no idea. All I am doing is continuing to watch the Forex and CBI, and that is the only truth that I know at this point. If it isn't on the Forex or CBI, then it hasn't happened yet, LOL. What is the hold up? I don't know and I am beginning to think that this was planned all along and maybe they are waiting for the beginning of May with thetransfer or funds or the end of June. The end of June is the end of the 2nd quarter and it would be a nice way to do it where they finish off half the year with the old money and the 2nd half of the year with the new money and new rate. Many months ago, June seemed so far away. But now, it is practically the beginning of May. So if we (goodness forbid) have to wait till the end June, well that is only a few more weeks away.

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Candinar Newbie

Candinar

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Actually it is what they have been doing,"lifting" the zeros which is the 3 zero currency and many reports say that is happening in Iraq. That is why we see all this talk about small denominations now out in Iraq but these are just the 50-250-500-1000 which is still a good sign. Means no chance of a LOP. If they were going to LOP the zeros off the currency then they would still be planning on using the large denominations and they wouldn't be getting scarce in Iraq. This fits with the less bills and more purchasing power.(After RV)

This leads to the reason many Banks over here in the last few months have stopped selling Dinars, because they can't get them anymore and the Dealers are now pushing more small denominations for much more money than the large bills were.

Dealers are still buying the large bills off people over here who need to sell some of their investment for quick cash (although at a small loss), and then they still make their profit. That might explain some new "pumpers" now saying it will never RV or other crap like that in order to get people thinking of selling off their Dinars. The RV is obviously a week or two away minimum, but if the news gets positive for a straight RV, I will have no problem waiting longer.

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speculatorsRIDE Newbie

speculatorsRIDE

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Well, I guess you all know what I think of this......Yes, that's right!.......I agree with everything that was said here and have been saying the same thing all along. They in fact have been pulling in all the 000 notes. The rate will come in at a minimum of the $3+ range. There will be NO LOP. Everyone will be very happy when this happens and I believe it will happen prior to June 30th. Thanks for posting this synopsis.

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RodandStaff Rookie

RodandStaff

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Actually it is what they have been doing,"lifting" the zeros which is the 3 zero currency and many reports say that is happening in Iraq. That is why we see all this talk about small denominations now out in Iraq but these are just the 50-250-500-1000 which is still a good sign. Means no chance of a LOP. If they were going to LOP the zeros off the currency then they would still be planning on using the large denominations and they wouldn't be getting scarce in Iraq. This fits with the less bills and more purchasing power.(After RV)

This leads to the reason many Banks over here in the last few months have stopped selling Dinars, because they can't get them anymore and the Dealers are now pushing more small denominations for much more money than the large bills were.

Dealers are still buying the large bills off people over here who need to sell some of their investment for quick cash (although at a small loss), and then they still make their profit. That might explain some new "pumpers" now saying it will never RV or other crap like that in order to get people thinking of selling off their Dinars. The RV is obviously a week or two away minimum, but if the news gets positive for a straight RV, I will have no problem waiting longer.

That makes "cents" to me... and hopefully soon.. "dollars"! smile.gif Thanks!

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