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CIA (High RV (ReValuation) of the Iraqi Dinar): PTR


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CIA (High RV (ReValuation) of the Iraqi Dinar): PTR

First off, I’ll use the exchange of a 10,000 IQD (Iraqi Dinar) note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD (US Dollar) and IQD (Iraqi Dinar), that is given a two-tier payout, and a 2% bank spread.

What You Will Receive:

If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.

What Your Bank Will Receive:

Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.

Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.

What the US Treasury Will Receive:

First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).

Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.

Oil Now Enters the Picture:

At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI (Central Bank of Iraq) in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

How the CBI “RECAPTURES” the Money:

The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI (Government of Iraq) actions, IMF actions, World Bank actions etc.)

Other Factors that Strengthen Iraq’s Position and Ability to RV:

■DFI (Development Fund for Iraq) Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.

■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.

There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.

So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:

■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10

■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.

■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000

■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”

■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20

This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!

In this scenario, EVERYONE WINS… and the IQD is slowly taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

First posted in February 2011 on www.longitude361.com/?p=15

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CIA (High RV (ReValuation) of the Iraqi Dinar): PTR

First off, I’ll use the exchange of a 10,000 IQD (Iraqi Dinar) note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD (US Dollar) and IQD (Iraqi Dinar), that is given a two-tier payout, and a 2% bank spread.

What You Will Receive:

If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.

What Your Bank Will Receive:

Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.

Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.

What the US Treasury Will Receive:

First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).

Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.

Oil Now Enters the Picture:

At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI (Central Bank of Iraq) in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

How the CBI “RECAPTURES” the Money:

The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI (Government of Iraq) actions, IMF actions, World Bank actions etc.)

Other Factors that Strengthen Iraq’s Position and Ability to RV:

■DFI (Development Fund for Iraq) Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.

■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.

There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.

So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:

■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10

■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.

■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000

■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”

■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20

This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!

In this scenario, EVERYONE WINS… and the IQD is slowly taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

First posted in February 2011 on www.longitude361.com/?p=15

Thank you for posting this again, Since this is about the 20th time this has been posted I almost had it memorized. I forgot the last word was coming!

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uummm ooook and....................... the point is? !!!!!!!!!!!!!!!!!!!!!!! man this is old old news

Gosh, it may be old news to alot of the people on here, but those of us that haven't been invested or members here, it is new news. Ha. I enjoyed reading it and it makes more sense this way. Thanks for reposting.

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It doesn't work, it's been shown repeatedly. It's just difficult for most people to decipher why, since there are so many numbers involved.

There are many problems with it, but one of the bigger and more obvious ones (which proves beyond a shadow of a doubt that it can't work) is that NOT everyone wins. In fact, Iraq loses, big time. And since it's their currency, they're probably not going to behave in such a manner as to reward the rest of the planet, and screw themselves.

It says they pay 162.50 to get back their 10,000 IQD note, so they're getting a great deal. But then later it says:

"the IQD is slowly taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind"

Because the author realizes that Iraqs M2 is FAR too large to support a 1 USD value.

So what does Iraq REALLY get? Simple. They pay 162.50 for the oil. They give away 12,500 USD worth of their precious oil (which is the ONLY thing their economy is producing right now), they get back a 10,000 IQD note, which they then destroy.

I'll say it again. They paid 162.50, gave away 12,500 USD worth of oil, and got NOTHING in return (since they have to destroy the note, otherwise their M2 is too big).

Doesn't sound like a real good deal for the Iraqis. Especially since they can't afford to sell their oil, and get nothing in return, because their economy is entirely based on it and it's practically the governments sole source of revenue.

Sorry, doesn't work. There's a lot of other reasons it doesn't work, but that's the dagger in the heart, so not much point in delving into them.

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You know what I have seen this several times. You did good by re-posting it. There are new members almost everyday and probably a a good number that have never seen it. Is it exact in Iraqs plan to reform their economic status? Who really knows.

I'll tell you this. I am not one to spend countless hours on the forum and there sure are plenty others who share equal time constraints. I work nearly 80 hrs every week outdoors and sometimes my free time is with family, to catch up around the house, or enjoy my time with my boys. When I do get a chance to visit this wonderful site it's done 99.9% of the time on my phone.

So there are plenty of occasions that I miss articles, posts and opininions. I have seen too many times people complain about re-posts and are too self involved to realize or consider others life styles. Now I usually will filter through the days events and can understand if someone just posted the same article an hour later but still will not put them down for their honest mistake. That's why we have mods. This particular article hasn't been posted for some time( at least in my random visits) so why put down or bash the one that spent their time posting it. In my opinion they are making an effort to contribute, why not appreciate it. I know I do!

So Heinzy thanks for contributing and spending the time to do so. Try to ignore those that fail to be understanding. God Bless and GO RV!!!

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So what does Iraq REALLY get? Simple. They pay 162.50 for the oil. They give away 12,500 USD worth of their precious oil (which is the ONLY thing their economy is producing right now), they get back a 10,000 IQD note, which they then destroy.

I'll say it again. They paid 162.50, gave away 12,500 USD worth of oil, and got NOTHING in return (since they have to destroy the note, otherwise their M2 is too big).

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

Maybe I'm missing something, but you are stating they get nothing in return. But it looks like you left out...

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

Looks like to me Iraq gets $12,500 in credit for the oil and it only cost them $162.50 to buy back the Dinar "instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50!"

What confuses me though is the $162.50. Is it the cost to produce the oil or the cost to buy back the 10,000 Dinar or both?

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The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

Maybe I'm missing something, but you are stating they get nothing in return. But it looks like you left out...

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

Looks like to me Iraq gets $12,500 in credit for the oil and it only cost them $162.50 to buy back the Dinar "instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50!"

What confuses me though is the $162.50. Is it the cost to produce the oil or the cost to buy back the 10,000 Dinar or both?

Well I am surely no economist nor a mathmatician, but I don't consider myself uneducated either. So I have a thought that I have had for some time and have yet to share it. So I will give an input but it may in fact make me look clueless.

I don't ever recall a war that was ever fought for nothing. In fact most wars are fought for economical advances (money). Has there ever been a war with no treaties or negotiations for those economic advances? Not sure there ever has been. Now my point is ( and I am not pushing or supporting the Bush administrations) wars generally pay for themselves if these treaties or negotiations are made. Why would Bush avow to such a thing? Because wars usually provide economic benefits to those that stand victorious.

What is the economical advance here? Black gold of course and the negotiations to benefit from that resource. The US has to have made some beneficial advances from this war.

Imho I believe the US will receive lower rates of crude while there is a slight increase across the globe. (Again no mathmatician here so I will not attempt to crunch numbers). The US also sits on vast reserves of oil. Why would The US not try to capitalize on oil by reduced costs from Iraqi reserves and at the same time tap our own reserves. China is quitely capitolizing on most natural resources such as gold, silver, and lithium and has an undervalued manipulated currency. They are creeping up on being the biggest economic super power in history. How should the US combat this threat and what can they grab hold of and regain global stability.

My ultimate point is this and is in reguards to this post. I agree the numbers don't add up and Iraq would stand to loose on this synopsis, but the US will and should have gains not losses from this war. Iraq may be on the short end at first, but their tie to the US and along with possibly being the largest oil reserve nation, they could very well have a "plan" that aids and supports the US in capitalizing on the black gold market. If Iraq is to ever become a nation of economic power and growth( with global investors to support the newly founded ISX) they must have a global partner and they surely have no support from neighboring arab powers. The US needs a global partner as well to keep China from taking the global economic throne.

Again I may have just made myself look clueless but these are my thoughts and I thought I would share.

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Thanks Heinzy, I was 'out of the loop' back in February and didn't catch the original post. It's very enlightening and makes the RV look like it's still for real despite all the neg talk here lately. :)

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If we are going to post the original plan, as some say this is and folks now refer to as old news, then lets also post the update to the old news which those same folks will say is old news too. lol Anyway here is the update to the above post. Read on.

I have always been lucky in business to have surrounded myself with bright individuals. My new associate Bill Liotiris is an example of another already proving to be helpful. Bill found this article somewhere on the internet. I was completely unaware of its existence.

Interesting reading by one of the original State Department economists employed to come up with a plan. If this is confusing to anyone, don't worry or be concerned .. In summary, he has the same forecast that we have, only this comes with a detailed or macroeconomic explanation showing this was all planned long ago. ( Pay special attention to the words 'in country' and that option. It is the core of my argument and belief there will be no accommodation given for currency outside the country to make good delivery for the anticipated exchange.) With virtually all banks now completely out of the Dinar business and the largest of the dealers 'on vacation', there certainly has been no indication given by the CBI to the contrary. The following forecast for the Dinar is from one you would think might know.

In a 40+ year career as a Retirement Consultant I have been blessed to meet some very talented professionals. One of them is a retired State Dept. economist who introduced us to the IQD investment in 2005. He had worked on the original plan to install a new monetary system for Iraq after the 2003 invasion.

He had originally indicated that the plan was for the IQD to achieve financial parity with the USD over a 7-10 year period from the introduction of the new system. At that time the USD's use would be completely discontinued and it would be replaced by the IQD for in-country use and international exchange. The variable factor in the timetable would be the political environment.

I visited with him recently and got an update on several issues:

(1) He indicated the original time table was proceeding on a fast track due to the financial management skills exhibited by the CBI and the Finance Ministry in (1) controlling the rate of inflation, (2) controlling the value of the IQD in a declining economic environment and (3) implementing a digital banking system both internally and externally, but the variable was still the political environment.

Like most economist he doesn't talk in absolutes (i.e. rate/date) but in probabilities. His knowledge base is pretty current since he is still part of a subsection of the original group that Iraq, State Department and IMF financial people bounce things off of.

(2) We raised the issue of the large number of IQD reported as being in circulation (current estimates are at 25 Trillion). He indicated this was mostly made up of (1) in country physical currency, (2) the foreign currency reserves of the central banks around the world which are electronic, (3) currency that had been printed but not released (i.e. small denomination bills) and (4) privately held physical currency sold to increase the foreign currency reserves.

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

The export oil revenues are still under the control of the UN supervised DFI, and Iraq only gets roughly 30% of the fair market value of the oil they are selling, which is to be used only for budgetary expenditures. Since Shabbi, the head of the CBI, knew he couldn't get anymore cash flow out of the controlled revenue system the IMF/UN had him under, he opened a currency sales window at the daily auctions to tap into the wallets of the worlds speculators. Worked pretty good, since he's built his foreign currency reserves to over $50 billion USD.

(3) We then moved to the removal of big bills (the ones with the 3 zeros on them) and he said that this activity was always built into the plan. The activity was to begin as soon as Iraq had implemented a modern digital financial system (i.e. bank branches, credit/debit cards, ATM's, direct wire transfers etc.). The removal of the large bills in-country would be the reverse of the process that was used to remove the pre-2003 currency with Saddam's picture on it. The example was a 25,000 IQD=$25USD/pre-rv note would be brought into the bank and exchanged for a 25 IQD note=$25 USD post/rv. The 25,000 IQD note would then be destroyed removing it from the currency in circulation account. I told him a lot of people would call that a LOP and he laughed, saying they are partially right, because 25,000 IQD was being lopped from the currency in circulation account, but the only reason for this process was to improve money handling ability at all organization levels, and reduce the actual physical currency in use in all areas of the Iraq economy.

Interestingly enough, he said this activity could happen in-country without an approved RV rate being released to the International financial system. I asked how much physical IQD did he estimated was in circulation in-country, and he said probably less than had been originally introduced in 2003 which was about $4.5 billion USD worth at an exchange rate of 2000 IQD = $1 USD, because there has been a continuous process of not replacing the larger bills as they wore out. In fact this has resulted in currency shortages in some areas.

(4) The next obvious question was how would the removal of the large bills with the three zeros work outside of Iraq, because of the number of world speculators holding IQD. He indicated, the amount of IQD held by speculators was relatively minor (less than 10%) compared to the IQD held as foreign currency reserve by the central banks of a number of major countries (US, China, England & France were the largest) with major financial interest in Iraq. He didn't have an exact estimate of speculator holdings but ventured an educated guess of 750,000 individuals worldwide with the majority in the US. Estimated value of their holdings $1.5 Trillion - $1.7 trillion IQD.

__________________

IRS Circular 230 requires that those enrolled to practice before the IRS should state when general information is given, that it "SHOULD NOT BE CONSIDERED PROFESSIONAL ADVICE". We strongly encourage all investors to consult with their own professional financial team.

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

Now let's really stir the pot by:

(a) Having the DFI ($280+ Billion USD) plus other frozen assets (estimated at $100 billion) turned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

(B) Then change the current fractional IQD reserve requirements of 100% to 15%. That just raised the total potential money supply value to $2.8 Trillion (430 billion/ 15), while at the same time the total physical IQD in circulation is being reduced by removing the large bills with the 3 zeros.

© Also execute the plan Iraq announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

(d) To add a little more intrigue have the CBI continue to use it's sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market, think of their impact in public markets.

We leave it to your analytical ability to determine how high of an RV exchange rate IRAQ can really support. There is strong political pressure to set the initial rate at $3.22 USD = 1 IQD, so it can be proclaimed that IRAQ has moved back into the International community of nations and has re-established it's currency at the internationally traded rate in effect before Saddam invaded Kuwait in 1990.

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This has the potential to trickle throughout the entire USA economy. Everyone benefits. Not just the USA but the entire globe. Over 123 countries are to restructure their currencies including the Dollar. This is the shot in the arm the world economies need.

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Thanks for all of your comments .. I know for some of you it was like that Corn Flake commercial "try it again for the first time" and others I see have had enough of F$%^#& Corn Flakes:) I understand, seeing "IQD is now on the Forex" and "could these be pics of the new small denoms" etc. etc. push me in the same direction.

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uummm ooook and....................... the point is? !!!!!!!!!!!!!!!!!!!!!!! man this is old old news

True..........but some of the newer members may not have seen it. Thanks for the post and ur efforts to inform.

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