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Mixed signals out of Baghdad. Who's in charge?

Luigi1

By Luigi1,
in Dinar Rumors

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Luigi1 Grand Master

Luigi1

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Posted (edited)

The story out of Baghdad changes by the day. First we hear of a LOP then a RV then 1 Oct, then other delays. Who's in charge?

http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.alliraqnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D12249:-2012%26catid%3D41:2011-04-08-17-27-21%26Itemid%3D86

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UofIGuy Newbie

UofIGuy

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Nobody knows...but don't be surprised if it isn't until 2014 - especially if it does not happen this month (September).

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Luigi1 Grand Master

Luigi1

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Nobody knows...but don't be surprised if it isn't until 2014 - especially if it does not happen this month (September).

Iraq is moving backwards not forward. August was the single deadliest most month in Baghdad in over two years. Maliki, He may be fired & new elections & government installed. The Kurds want to re-write the rule book in the middle of the game. Internal squabbling is getting worse. Iran backed Al Sadr & Iran promise re-newed attacks on US forces. Arms shipments from Iran are on the rise as are roadside & mosque bombings.This could de-rail any chances of a ID RV.

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magawatt Newbie

magawatt

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IF it is Iraq's plan not to RV/RD for months or years in the future there is no need or reason for them to make any statements now. They said precious little for seven years and now they are all over it with discouraging, conflicting and confusing statements- the only reason to say anything now is if they do intend to RV and by their opaque statements discourage people from speculating.

But to take a contrary view- if they were going to lop, shouldn't they be encouraging dinar purchasing now? If the world financial community will hate them for lopping, Iraq should at least make it worth the condemnation they'll receive.

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GT ACE Newbie

GT ACE

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Iraq is moving backwards not forward. August was the single deadliest most month in Baghdad in over two years. Maliki, He may be fired & new elections & government installed. The Kurds want to re-write the rule book in the middle of the game. Internal squabbling is getting worse. Iran backed Al Sadr & Iran promise re-newed attacks on US forces. Arms shipments from Iran are on the rise as are roadside & mosque bombings.This could de-rail any chances of a ID RV.

The Iraqi's are only two steps out of their caves so expect this crap to drag on and on! Sooner or later they may put their clubs down and become a little more civilized! blink.gif

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TimS Newbie

TimS

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You can't effectively govern by committee.....Iraq's parties have a much wider isle to bridge than the one our own democrats vs. republicans have to cover. I would say if the isle is 10 feet wide for our politicians, the Iraqi's have a mile wide gap to bridge. We can't get anything done while trying to come together over 10 feet....how long do you think it will take the Iraqis to close a mile wide gap.

Don't be surprised if this thing gets dragged out for another year or two, if ever :P

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keepmwlknfny Newbie

keepmwlknfny

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Well technically the govt is only needed to approve issuing of a new currency but the CBI can raise the exchange rate by itself and doesn't need approval of the parliment to simply raise the value of the dinar

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Carrello Rising Star

Carrello

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Nobody knows...but don't be surprised if it isn't until 2014 - especially if it does not happen this month (September).

What is your premise for 2014, please? Why would you throw that date out there? There must be good, solid information that would drive you to that date.

Thank you in advance.

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Luigi1 Grand Master

Luigi1

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What is your premise for 2014, please? Why would you throw that date out there? There must be good, solid information that would drive you to that date.

Thank you in advance.

Shabibi threw out by the end of the year or early 2012. Talibani threw out 2012, 2013 or 2014. Who's right? Who has the most pull?

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Legolas Newbie

Legolas

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It really isn't all that confusing. The CBI has made it clear what they want to do, and how they want to do it. The problem is that the design and printing of a new currency is the responsibility of Parliament. From many years of experience, we know that these people can never agree on ANYTHING. There are three distinct factions here, and unfortunately even THOSE dysfunctional entities are now further divided within themselves. They've been fighting over the final selection of government ministries for more than a year now, as well as the Erbil Agreement, HCL, and issues with Kuwait and have gotten virtually nowhere. Now they have yet another issue to fight about - the proposition by the CBI that they re-denominate and issue a new currency. Many of the articles have stated that this could easily go into 2012 and even 2013 before it is ultimately resolved. Based on past performance, that would seem like a conservative estimate.

The lack of clarity is caused by the pumpers and gurus who lie and declare the RV and other issues completed every single day, week, month, year, etc. - NOT by the CBI or GOI. Read the REAL news and ignore the pumpers and everything is clear as mud - as always. The only thing certain at this point is that the rumors are ALWAYS fabricated and NEVER true. Everything else involving Iraq is a crapshoot. :rolleyes:

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UofIGuy Newbie

UofIGuy

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What is your premise for 2014, please? Why would you throw that date out there? There must be good, solid information that would drive you to that date.

Thank you in advance.

Carrello- Thank you for your inquisitive post! I appreciate people that are trying to understand things rather than bash. The reason that I was saying, if NOT this month then 2014, was because Maliki WILL be in office until then. There is NO WAY he leaves office before the next elections and in that time they will have had four years as a democracy and able to get their country moving forward. At that time, the currency would be able to become more valuable after the new elections and the supposed corrupt authorities were no longer in charge. Notice, I said if it did not happen in September. A huge piece of information came our way just yesterday (Friday, Sept. 23) though. NO, the IQD did not revalue...but the currency is now interntionally recognized. They are a sovereign nation able to do what they please with their money. I will not go ahead and say that it will RV tomorrow, but the liklihood of an RV before the new government just became MUCH more clear. I believe it WILL happen before 2014, even if it doesn't happen within the final days of this month.

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Francie26 Newbie

Francie26

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Iraq is moving backwards not forward. August was the single deadliest most month in Baghdad in over two years. Maliki, He may be fired & new elections & government installed. The Kurds want to re-write the rule book in the middle of the game. Internal squabbling is getting worse. Iran backed Al Sadr & Iran promise re-newed attacks on US forces. Arms shipments from Iran are on the rise as are roadside & mosque bombings.This could de-rail any chances of a ID RV.

They are getting ready for when we pull out. We have to stay for a while longer, or we'll have to go back in someday.

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Luigi1 Grand Master

Luigi1

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Carrello- Thank you for your inquisitive post! I appreciate people that are trying to understand things rather than bash. The reason that I was saying, if NOT this month then 2014, was because Maliki WILL be in office until then. There is NO WAY he leaves office before the next elections and in that time they will have had four years as a democracy and able to get their country moving forward. At that time, the currency would be able to become more valuable after the new elections and the supposed corrupt authorities were no longer in charge. Notice, I said if it did not happen in September. A huge piece of information came our way just yesterday (Friday, Sept. 23) though. NO, the IQD did not revalue...but the currency is now interntionally recognized. They are a sovereign nation able to do what they please with their money. I will not go ahead and say that it will RV tomorrow, but the liklihood of an RV before the new government just became MUCH more clear. I believe it WILL happen before 2014, even if it doesn't happen within the final days of this month.

If Malili is forced out of office, new elections are called, a new government installed then the transition time to become fuctional, all could result in at least another lost year, alone. This is a real posiblity. Things move slowly in Iraq especially new governments.

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