SteveI – Recap of where we are today and what to expect in the very near future.

[trooper]

SteveI – Recap of where we are today and what to expect in the very near future. (don't promote other sites)

October 3rd, 2011 03:51 pm

The Finish Line Part 5

Remember, it has

been seen on many occasions that Iraq will have one of the strongest currencies

in the region. I can personally assure you that .00089 or what it is now is not

considered strong.

Furthermore, they are co-sharing a port with Kuwait.

Do you really think Iraq and Kuwait will share a major economic port with Iraq’s

currency valued at .00089 and Kuwait at 3.62 or so against the US

Dollar?

It is in the news from months ago that the new banking system was

put into place and we confirmed thru our sources that they have been trained on

the new system. You do not put this type of major reform in a system that has a

worthless currency?

In the past, we took the approach of “check boxes”.

We thought we knew what boxes needed to be checked, but in reality, there are

many more than anticipated.

This weekend was huge with respect of great

positive articles. One of the things we all need to watch is the “follow the

money” concept. Ray shared some very great news about Shell oil and their

productions last week. We now have the Erbil Agreement back into action and

hopefully into law very soon.

I am going to repeat some information from

a previous post this weekend for those whom missed it.

Ray and I

would like to add a few more things, not only did Shabibi state his concerns as

mentioned, our sources which had very strong and close friendship with

parliament, also stated (then) that the currency was approved to re-valuate but

would not until the government, HCL and Erbil agreements are in place.

It

is now my understanding that the HCL has several parts to it and some of them

have been voted on and approved. Just a few things left for the actual

completion of all parts.

This was then, and it somewhat appears to be

fairly accurate. There is a lot of talk of the Iraqi currency changing in value,

however, when Shabibi when on Iraqi TV and stated so, I think he felt that all

of the things mentioned above would be resolved in a timely manor.

Ray

and I have stood on this principle from day one and pretty much still believe

that way.

Read

More Link on Right

Another

concern that not only our country has, but the voice of many other countries is

the lack of security in Iraq with no Defense and Security Ministers in

place.

The Erbil agreement being implemented is a huge step that will

allow the rest to fall into place. This is very positive but please do not think

that one it is currency will automatically just jump to is new value. I said all

along, this has to be in place before it can move forward.

One thing

to remember, Dr. Shabibi will not go on Iraqi TV and tell the people that their

currency will increase in value very soon if he had no intentions of doing so

for many years to come. All this would do is cause more tension among the

citizens. They have enough of that already. This information was very powerful

because it was actually on Iraqi TV and some of Rays contacts saw it and heard

it.

This type of news does not get any better than that.

Back in 2010

the SIGIR (Special Inspector General for Iraq Reconstruction) report stated

this: “Staff supports the CBI’s intention to continue to manage the exchange

rate with a view to keeping inflation low. A strong and stable currency

provides a solid anchor for the

public’s expectations in an otherwise highly

uncertain environment.”

(I think this message is loud and clear that

the budget must contain a STRONG RATE or the entire country and economy is a

destiny for failure.)

Ministry of Finance and the CBI: “The

Ministry of Finance together with the Central Bank are studying a proposal to

raise the value of the Iraqi dinar in order to return it to previous levels

where one Iraqi dinar was valued at 3.33 US dollars.” Further

elaboration on the plan that was being worked on was also given in the same

article: “A statement by B.J. AL Zubaidi, the Minister of Finance, in which he

said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL

Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its

value so that one Dinar be equal to a Dollar.”

The IMF stepped in and has

reportedly called for:

◦changes at the level of the

spending;

◦reduction of inflation;

◦a plan to encourage the private

sector; and,

◦a plan to address employment levels in governmental

departments.

I also talked about the Ministry of Planning (MOF). MOF

Amended Exchange Rate Document

1. It is necessary to put central

controls to amend the official exchange rate * to reflect the

shadow price of the foreign currency, and that is considered one of the

necessary requirements to implement the net discounted present value standard

and the internal return rate on investment in the economic calculation stated in

the instructions, paragraph nine.

(* What is meant by exchange

rate: the number of units of foreign currency, expressed in dollar per one

dinar.)

2. Justifications for exchange-rate

adjustment: there are a number of important and powerful arguments

which support the view that the official exchange rate reduces the real value of

foreign currency for purposes of calculating the economic national profitability

for investment projects and hence for the purposes of investment planning. It is

demonstrated in this context to call for assessing the dinar for less than

(3.208) dollar (official exchange rate) when assessing project outputs and

inputs of traded goods of exports, substitute imports and imports…

etc.

Here is the best news yet!

Baker

Jaber AL Zubaidi: Iraqi Dinar Value should be Raised<– Article to

support this.Reserve is sufficient to raise the value of the Iraqi

dinar

Let’s all keep in mind the following:

We

know also for a fact is that until they, at a minimum reinstate there currency

back to the $1.00 IQD to $3.22 USD as it was before Saddaam took over. The IQD

is not internationally recognized, that means no other banks outside of Iraq

recognize it as legal tender. Which means it cannot be deposited into an account

nor can there be any electronic funds transfers into the international community

outside of Iraq. Why is that important, well we know Iraq has been working hard

to develop relationships globally.

Let’s talk briefly about this

part.

1.) Azzaman reports that the Ministry of Industry and Minerals has

asked South Korean firm Daewoo to rehabilitate its steel industry, which has

been idle for more than three decades. Iraq had built one of the Middle East’s

largest steel complexes, called the State Company for Iron and Steel, near the

port of Umm Qasr, about 45 km south of Basra. According to the report, the

complex was built by a French company and partly completed by the late 1970s,

but production was halted in 1980 with the start of the Iraq-Iran war.Article.

2.) TEDxBaghdad will Make the Impossible

Possible when it brings some of the country’s – and world’s – brightest minds to

Baghdad’s Al-Rasheed Hotel to imagine the Iraq of the future. Through a series

of talks and performances by a diverse array of talent, TEDxBaghdad will inspire

a new Iraqi narrative in the wake of war while capitalizing on the rich cultural

history of a region known as The Cradle of Civilization. Article.

3.) The Mayor of Baghdad, Sabir al-Issawi, met

representatives of the French company Sistra [systra] to discuss the studies and

designs for the Baghdad Metro Project, a Mayoralty statement reported on

Wednesday, according to Aswat al-Iraq. Article.

4.) Australia’s Ambassador to Iraq Ms Lyndall

Sachs visited Erbil this week to exchange views with President Masoud Barzani

and Prime Minister Barham Salih on political and economic developments and to

discuss increasing economic relations. Article.

5.) Poland’s Ambassador to Iraq Mr Stanislaw

Smolen met KRG’s Head of Foreign Relations on Wednesday to discuss establishing

a Polish representative office in the Kurdistan Region. Article.

6.) The Trade Ministry adviser said Kurdistan

on Monday, the Italian economy development Minister and representatives of

55 Italian company will visit Kurdistan today, to participate

in the Italian Economic Forum-planned joint in Kurdistan capital Arbil on

Tuesday. Article.

7.) Built on the land of the port stronghold

in Basra governorate weekend international exhibition of agricultural equipment,

together with the participation of 120 domestic and foreign companies, according

to official media gallery. Article.

8.)

Iraqi Investment Authority announced Monday granted 24 licences fro private

sector companies worth 24 billion dollars during more than two years. Article. <– I really liked this

one.

9.) The Federal Transport Ministry announced on Monday the

allocation of 60 million dollars in balance of 2012 for the railway. Article.

Plus hundreds more of nothing but positive

intents by global countries and companies.

While we are on the subject of

banking, how about this analogy.

Perspective on Iraq’s private

banks by IraqiXchange

Summary: With inflation stabilized, oil

production up and government encouragement to become better capitalized, private

banks are drawing potential foreign investment partners because they are

positioned for success in Iraq’s post-war economy.

Baghdad – A resurgent

oil economy, projected GDP growth at more than 12 percent and a record level of

foreign investment point to signs that the private banking industry in Iraq is

looking at substantial growth, a new report on Iraqi banking says.

The

groundbreaking analysis, conducted by Ahmad Saleh, senior research analyst at

IraqiXchange, also indicates that for the first time in the modern era, bank

deposits in Iraq accounted for more than half of the money

supply.

“Iraq’s economy is growing out of its wartime

difficulties quickly and transitioning from a centralized economy to one that is

market-based,” says Saleh, an Iraq native and veteran North American

banking analyst.

“With credit accounting for more than one-third

of bank revenue and deposits at record levels, our analysis identifies

attractive and specific investment opportunities in the Iraqi banking sector,”

Saleh says.

HSBC of London, Qatar National Bank and National

Bank of Kuwait are among those with stakes in Iraqi banks, and more financial

institutions are following.

“We are very optimistic about Iraq over the

next three to five years,” says Dennis Flannery, Citi’s country head for Iraq

and a former U.S. financial attaché who previously worked at the World Bank and

Bank of America. “Our feeling is that good progress is being made, and we expect

to see really significant increases in the GDP in coming years — really

significant.”

The Middle East and Africa banking sector is second only to

Asia’s in growth potential, according to the 2011 Barclays Corporate Global

Banking Survey of 200 top banking and insurance services

executives.

Influenced by the World Bank and the International Monetary

Fund, the Iraq government is phasing in an increased capitalization requirement

for all banks.

”The hope,” Emirates Bank investment strategist Irfan

Chaudhry tells IraqiXchange, “is that new capital requirements will bring

consolidation, increased investment and more interest from foreign

banks.”

Article.

While we are talking about banks, I loved this

news:

Capital Bank Opens first National Bank of Iraq Branch in

Erbil <– Best news yet!

As part of its

expansion plans across Iraqi provinces, and in an effort to offer premium

banking services and facilities to its corporate clients, Capital Bank announced

the opening of its first National Bank of Iraq (NBIRQ) branch in

Erbil.

Through its acquisition of a controlling 72% share in

the National Bank of Iraq (NBIRQ), Capital Bank is the only Jordanian bank in

Iraq offering superior services that facilitate and fund trade and banking

services between clients in Jordan and Iraq.

The new Erbil branch was

inaugurated by His Excellency Dr. Barham Salih, Prime Minister of the Kurdistan

Regional Government, in the presence of His Excellency Bassem Khalil Al-Salem,

Chairman of Capital Bank, and Nozad Hadi, Governor of Erbil, in addition to

National Bank of Iraq Board Members and a number of prominent figures in the

region.

The new Erbil branch increases the total number of NBIRQ branches

to seven, three of which are located in Baghdad, one in Mosul, one in Karbala

and one in Basra.

“We are delighted that the National Bank of Iraq has

brought its services to Erbil in addition to the other provinces it is already

serving and we are also pleased that the National Bank of Iraq branch is the

only Capital Bank branch in the Region. Erbil is currently witnessing

exceptional economic activity as a result of its political stability making it a

prime destination for investors that are targeting the Iraqi market”, said His

Excellency Dr. Barham Salih, Prime Minister of the Kurdistan Regional

Government.

“Our investment in the National Bank of Iraq is a long-term

strategic decision that stems from Capital Bank’s firm belief in the

wide-ranging economic opportunities that are available in Iraq”, commented His

Excellency Bassem Khalil Al-Salem, Chairman of Capital Bank, the fourth largest

bank in Jordan in terms of capital.

“As the only Jordanian Bank in Iraq

that provides both commercial and investment banking services – through its

investment arm Capital Investments – our relationship with the National Bank of

Iraq allows Capital Bank to better service businessmen and merchants in Jordan

and support the increase of Jordanian exports to Iraq”, stated

Al-Salem.

Al-Salem went on to affirm that the National Bank of

Iraq aims to strengthen ties and enhance investment opportunities between Jordan

and Iraq, which is considered one of the fastest growing economies in the

world.

Article.

Don’t you just love to hear these words: which

is considered one of the fastest growing economies in the

world. So just how long do you think they can keep their currency

worthless? Not very long my friends!

New Private Banks in

Iraq

Iraq’s Central Bank has reportedly granted new banking licences

to four new private banks, each with capital of 250 billion Iraqi

dinars [$212 million].

This reportedly brings the number of

private banks operating in Iraq to 35.

Meanwhile, an economic advisor to

the Prime Minister is quoted as saying that a package of incentives is being

prepared to encourage small private banks to merge and form larger, stronger

entities. Article.

We believe that all of the auctions in

Iraq over the last several months was to move the lower denomination bills to

the Iraqi banks preparing for the RI/RV, for the Iraqi citizens. This is so they

don’t have to carry a $5,000.00 bill to go and buy a loaf of bread, and how do

you make change for that when you lowest bill is a $1,000.00 or a $5,000.00 IQD

note. The reverse of that is they pass out the lower denomination notes but

don’t RI/RV. Now you need a wheelbarrow to carry enough cash to buy that same

loaf of bread… By the way I have seen pictures of these new notes, so I know

they do exist.

We heard Maliki in his address last week (several months

ago now), tell the GOI to revalue the IQD as soon as they can.

We know

that Iraq has the oil to backup the new elevated currency. Just today this

article came out.

Iraqi oil reveal produced 4,000 tons of liquid

gas per day

Baghdad, 3 October (aknews) – the federal Iraqi oil

Ministry announced, Monday, that gas oil output reached 4,000 tons a

day.

Ministry Undersecretary Ahmad Al Kurdistan News Agency (aknews) “the

oil Ministry produces 4,000 tons per day of oil through the enigmatic quickly

deployed in all governorates of Iraq is enough lsdhagh country.”

“The

Ministry is to import tons of liquid gas in order to avoid critical or emergency

conditions and is working to reach self-sufficiency in liquid gas

consumption.”

The Iraqi oil Ministry announced Saturday that it produces

12 million l/j from gasoline with imported 12 million l/j per day.

She

stopped providing civil and governmental owners generators with fuel free and

return to the previous processing contexts.

The Ministry attributed the

causes of the high consumption of petroleum products to Iraq high import cars

and power outages.

The Iraqi Government announced last June on the

allocation of $ 400 million to equip civil and governmental owners generators

with fuel for free.

Article.

We know that Baker Jaber AL Zubaidi states

that the Iraqi Dinar Value should be Raised. <– This is a great article with

solid government links.

We know that Maliki wants our troops to

leave.

We have Dr. Sinan al-Shibibi in news interviews and articles, on

more than one occasion throughout the year telling us they are going to raise

the value of their currency this year.

Let’s talk about the dinar

value and raising it;

Here is an actual article in print about

raising the value of the Iraqi Dinar. Dr. Sinan al-Shibibi in this article talks

about the exchange rate. The actual quote: “He pointed out that the bank

wants and means to affect the economic and monetary policy by making the dinar

valuable and powerful.” Article.

Let’s talk about the timing

now;

First of all, I am very tired of all the emails I get

saying that “my great friend’s sources in which I cannot share” says, bla, bla,

bla and it is done. Okay, really? You all know who they are.

I feel like

this whole predicting the date and rate has become a popular Vegas betting line

game. Who will be first is the game. Ray and I, and I speak for our mods, do not

care who is first, but rather who is accurate in facts.

What we do know

is the Erbil Agreement is very important along with the ministers and HCL laws.

Not one person on this planet (other than a few key people in Iraq) can tell us

exactly the status of these things. However, I concur that they will pretty much

be all done together or simultaneously. I think with an ego that Maliki has, he

will want to take credit for this and make some sort of an announcement after it

happens.

HCL news today: As you can see, a few kinks need to be worked

out. I do not think this will hold anything up however.

An Iraqi

parliamentary Committee: still Bill pending oil and gas

October

3, 2011

Member of the Committee on oil and gas in the Iraqi Council of

representatives on Monday, that the draft law of the State oil and gas, and oil

and gas Bill still pending parliamentary so far, resolving the Kurdish problem

in Baghdad by voting.

The Deputy from changing, Bayezid Hassan Kurdistan

News (aknews) said that the “alleged that oil and gas Committee in the House of

new Bill is shame on health, and the matter remains pending, with government

officials in Baghdad speaking on the amendment to the draft law of the State oil

and gas in canine Council through voting.

He noted that “according to the

experience of the past four years, cannot happen at any time to resolve its

problems with the Federal Government via vote, and that the option agreement was

the best way to deal with things, and should therefore be on Al Kurd should

pursue this option, and only allow resolving the issue of oil and gas Act

through a vote in Congress.”

Hassan said that “Deputies conducted the

second reading of the draft hydrocarbon law on 17 August, and has been read 26

articles of the draft law, but at the request of the National Alliance were

stopped the Bill, and in 25 of the same month the Iraqi Government approved a

draft law on oil and gas in the majority of the votes and sent to the House of

representatives, although one of the 19 contained in working paper signed by

Kurdish Prime Minister Nuri al-Maliki stated that the adoption of the draft law

of oil and gas in harmony”.

And the Iraqi Government announced, on 28

August last, on the ratification of the draft law of oil and gas, and decided to

refer it to Parliament for ratification, while the Office of the Deputy Prime

Minister for Energy Affairs, Hussain Shahristani, on 2 July last, the Government

introduced some amendments to the draft of the long-awaited oil law, which was

the Committee on energy in the Cabinet.

The deputies of National

Alliance, which includes a State of law coalition and the comrades and the

Islamic Supreme Council, were pulled out of 24 deputies meeting held on 17

August last, after opposition to the first reading of the proposed law of oil

and gas in the Chamber of deputies directly without presentation to the

competent ministries, which led to the lifting of a one-hour meeting, the

Council Presidency, then decided to postpone the reading.

The effects of

oil and gas bill submitted by the Government to House mixed reactions, most

individual position and Patriotic Alliance of Kurdistan region Presidency

rejecting the project.

Article.

I still think you need to watch the forex

boards and just let it show up. Then when it does, take a second look then

scream (or something like that.)

Will any of us know ahead of time?

Truthfully, no. Because of the huge impact it will have, it will happen globally

all at once. Timing is everything now.

So, please keep posting the news,

good or bad and just let this come to you and play out. I wish I could speed up

things, but all I can do is assure that we will all cross the finish line at the

same time, and in style.

I am confident it will happen in the near

future. Could it and will it happen in a few days? Maybe, but probably not.

Could it and will it happen in a few weeks or couple of months? More than likely

and probably will. Will it happen in 2012 or the next couple years? Absolutely

not. The country would financially fall apart.

I understand this is not

much new, however it is a short recap of where we are and the future that lies

ahead of the Iraqi people. Personally, between Rays contacts and family members

in Iraq, my partner in Iraq, Iraq has taken huge strides and major progress in

the rebuilding process of this country. I believe you have every county in the

world working and helping Iraq achieve their goals. When Iraq emerges as a new

economic giant, we all are winners, but moreover, the Iraqi people who have

endured such terrible living conditions because of one past human dictator. This

is way the Erbil agreement is so important.

Right now, Talibani has 1/3

power, and Maliki has 2/3 power. Once the Erbil agreement is put into law, it

will be Talibani 1/3, Allawi 1/3 and Maliki 1/3. Now you will have true power

sharing and this country will move along even faster and achieve even greater

things.

All positive my friends and I will say this again, this

investment I got involved in, and hopefully you as well, will be very rewarding

in due time. This is something you cannot rush. Many members have also expressed

the timing will be when Iraq is ready and not one minute or day before.

I

truly still stand firm in my statement about the 200% assurance of this

investment. I sure all hope you all feel that way too.

Here

is a recap of how the world views the necessary changes in and for Iraq after a

recent study:

RECOMMENDATIONS

To

the Government of Iraq and to the Council of Representatives:

1. Strengthen the anti-corruption framework to allow for

greater and more effective cooperation and coordination between the various

state institutions involved in combating corruption, specifically

by:

Picture

2. Pass political

party legislation requiring parties to display financial transparency and

publish detailed annual accounts, including all sources of income and

expenditures.

3. Reform the Council of Representatives’ bylaws, including

by removing administrative matters from the speaker’s prerogatives, facilitating

the formulation of legislative bills and accelerating the lawmaking

process.

4. Streamline the legislative process by:

Picture

5. Reform the

Council of Representatives’ oversight function to focus on policy implementation

through the questioning of senior technocrats and administrative officers rather

than politicians.

6. Enact a law that would prevent the head of the

Higher Judicial Council from occupying the position of chief justice, and

protect the Supreme Court’s independence by forbidding any political

interference.

To the United States and other members of the

International Community:

7. Publicly express disapproval of the

Iraqi government’s and parliament’s failures regarding long-overdue

reform.

8. Provide immediate and direct support to the Council of

Representatives by seconding experts in parliamentary development to work

directly in the Council’s offices on a long-term basis.

9. support

efforts to reform the anti-corruption framework, notably through advice on

rendering administrative functions more efficient.

The finish

line is just ahead, or at least I can finally see it now! If you are

still not a believer in this investment after all of the positive news articles

and facts I laid out above, I am not sure I nor anyone else will convince you

that this is a very good investment providing you are willing to be positive and

let it come to you.

Anyway, I look forward to meeting each and every one

of you that will be coming to Arizona post RV and we can all start our new lives

together. I promise not to leave you or quit on you as we have come along ways

and I am here with you all until the end.

Until we reach the finish line

together, blessings to you all. Have a great week. We will all

keep you posted and updated as events take place. I will leave you with this

thought because many of you are hurting at various levels; compassion

offers whatever is necessary to heal the hurts of others because leaders are

their best when people get behind them!

Steve

[aliciadogz]

Thanks for post,gave a plus, because, I don't like it,if you get a Neg , for just bring a post over from another site.

[srdedeaux]

Another Great Post of Information, and advancement of the IRAQI Government................................................! all we need now is a RV/RD and see you in Belize.............................!

[Hawaii 50]

That was very good info. These are the types of honest articles people need to see. Great points and no talk of lop or pumping.

[goldengoose]

SteveI – Recap of where we are today and what to expect in the very near future. (don't promote other sites)

October 3rd, 2011 03:51 pm

The Finish Line Part 5

Remember, it has been seen on many occasions that Iraq will have one of the strongest currencies

in the region. I can personally assure you that .00089 or what it is now is not

considered strong.

Furthermore, they are co-sharing a port with Kuwait.

Do you really think Iraq and Kuwait will share a major economic port with Iraq’s

currency valued at .00089 and Kuwait at 3.62 or so against the US

Dollar?

It is in the news from months ago that the new banking system was

put into place and we confirmed thru our sources that they have been trained on

the new system. You do not put this type of major reform in a system that has a

worthless currency?

'Trooper',

Good evening!

Excellent, excellent view points from the post you brought over to DV......!!!!

Thank you,

GG

[oldtown]

SteveI – Recap of where we are today and what to expect in the very near future. (don't promote other sites)

October 3rd, 2011 03:51 pm

The Finish Line Part 5

Remember, it has

been seen on many occasions that Iraq will have one of the strongest currencies

in the region. I can personally assure you that .00089 or what it is now is not

considered strong.

Furthermore, they are co-sharing a port with Kuwait.

Do you really think Iraq and Kuwait will share a major economic port with Iraq’s

currency valued at .00089 and Kuwait at 3.62 or so against the US

Dollar?

It is in the news from months ago that the new banking system was

put into place and we confirmed thru our sources that they have been trained on

the new system. You do not put this type of major reform in a system that has a

worthless currency?

In the past, we took the approach of “check boxes”.

We thought we knew what boxes needed to be checked, but in reality, there are

many more than anticipated.

This weekend was huge with respect of great

positive articles. One of the things we all need to watch is the “follow the

money” concept. Ray shared some very great news about Shell oil and their

productions last week. We now have the Erbil Agreement back into action and

hopefully into law very soon.

I am going to repeat some information from

a previous post this weekend for those whom missed it.

Ray and I

would like to add a few more things, not only did Shabibi state his concerns as

mentioned, our sources which had very strong and close friendship with

parliament, also stated (then) that the currency was approved to re-valuate but

would not until the government, HCL and Erbil agreements are in place.

It

is now my understanding that the HCL has several parts to it and some of them

have been voted on and approved. Just a few things left for the actual

completion of all parts.

This was then, and it somewhat appears to be

fairly accurate. There is a lot of talk of the Iraqi currency changing in value,

however, when Shabibi when on Iraqi TV and stated so, I think he felt that all

of the things mentioned above would be resolved in a timely manor.

Ray

and I have stood on this principle from day one and pretty much still believe

that way.

Read

More Link on Right

Another

concern that not only our country has, but the voice of many other countries is

the lack of security in Iraq with no Defense and Security Ministers in

place.

The Erbil agreement being implemented is a huge step that will

allow the rest to fall into place. This is very positive but please do not think

that one it is currency will automatically just jump to is new value. I said all

along, this has to be in place before it can move forward.

One thing

to remember, Dr. Shabibi will not go on Iraqi TV and tell the people that their

currency will increase in value very soon if he had no intentions of doing so

for many years to come. All this would do is cause more tension among the

citizens. They have enough of that already. This information was very powerful

because it was actually on Iraqi TV and some of Rays contacts saw it and heard

it.

This type of news does not get any better than that.

Back in 2010

the SIGIR (Special Inspector General for Iraq Reconstruction) report stated

this: “Staff supports the CBI’s intention to continue to manage the exchange

rate with a view to keeping inflation low. A strong and stable currency

provides a solid anchor for the

public’s expectations in an otherwise highly

uncertain environment.”

(I think this message is loud and clear that

the budget must contain a STRONG RATE or the entire country and economy is a

destiny for failure.)

Ministry of Finance and the CBI: “The

Ministry of Finance together with the Central Bank are studying a proposal to

raise the value of the Iraqi dinar in order to return it to previous levels

where one Iraqi dinar was valued at 3.33 US dollars.” Further

elaboration on the plan that was being worked on was also given in the same

article: “A statement by B.J. AL Zubaidi, the Minister of Finance, in which he

said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL

Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its

value so that one Dinar be equal to a Dollar.”

The IMF stepped in and has

reportedly called for:

◦changes at the level of the

spending;

◦reduction of inflation;

◦a plan to encourage the private

sector; and,

◦a plan to address employment levels in governmental

departments.

I also talked about the Ministry of Planning (MOF). MOF

Amended Exchange Rate Document

1. It is necessary to put central

controls to amend the official exchange rate * to reflect the

shadow price of the foreign currency, and that is considered one of the

necessary requirements to implement the net discounted present value standard

and the internal return rate on investment in the economic calculation stated in

the instructions, paragraph nine.

(* What is meant by exchange

rate: the number of units of foreign currency, expressed in dollar per one

dinar.)

2. Justifications for exchange-rate

adjustment: there are a number of important and powerful arguments

which support the view that the official exchange rate reduces the real value of

foreign currency for purposes of calculating the economic national profitability

for investment projects and hence for the purposes of investment planning. It is

demonstrated in this context to call for assessing the dinar for less than

(3.208) dollar (official exchange rate) when assessing project outputs and

inputs of traded goods of exports, substitute imports and imports…

etc.

Here is the best news yet!

Baker

Jaber AL Zubaidi: Iraqi Dinar Value should be Raised<– Article to

support this.Reserve is sufficient to raise the value of the Iraqi

dinar

Let’s all keep in mind the following:

We

know also for a fact is that until they, at a minimum reinstate there currency

back to the $1.00 IQD to $3.22 USD as it was before Saddaam took over. The IQD

is not internationally recognized, that means no other banks outside of Iraq

recognize it as legal tender. Which means it cannot be deposited into an account

nor can there be any electronic funds transfers into the international community

outside of Iraq. Why is that important, well we know Iraq has been working hard

to develop relationships globally.

Let’s talk briefly about this

part.

1.) Azzaman reports that the Ministry of Industry and Minerals has

asked South Korean firm Daewoo to rehabilitate its steel industry, which has

been idle for more than three decades. Iraq had built one of the Middle East’s

largest steel complexes, called the State Company for Iron and Steel, near the

port of Umm Qasr, about 45 km south of Basra. According to the report, the

complex was built by a French company and partly completed by the late 1970s,

but production was halted in 1980 with the start of the Iraq-Iran war.Article.

2.) TEDxBaghdad will Make the Impossible

Possible when it brings some of the country’s – and world’s – brightest minds to

Baghdad’s Al-Rasheed Hotel to imagine the Iraq of the future. Through a series

of talks and performances by a diverse array of talent, TEDxBaghdad will inspire

a new Iraqi narrative in the wake of war while capitalizing on the rich cultural

history of a region known as The Cradle of Civilization. Article.

3.) The Mayor of Baghdad, Sabir al-Issawi, met

representatives of the French company Sistra [systra] to discuss the studies and

designs for the Baghdad Metro Project, a Mayoralty statement reported on

Wednesday, according to Aswat al-Iraq. Article.

4.) Australia’s Ambassador to Iraq Ms Lyndall

Sachs visited Erbil this week to exchange views with President Masoud Barzani

and Prime Minister Barham Salih on political and economic developments and to

discuss increasing economic relations. Article.

5.) Poland’s Ambassador to Iraq Mr Stanislaw

Smolen met KRG’s Head of Foreign Relations on Wednesday to discuss establishing

a Polish representative office in the Kurdistan Region. Article.

6.) The Trade Ministry adviser said Kurdistan

on Monday, the Italian economy development Minister and representatives of

55 Italian company will visit Kurdistan today, to participate

in the Italian Economic Forum-planned joint in Kurdistan capital Arbil on

Tuesday. Article.

7.) Built on the land of the port stronghold

in Basra governorate weekend international exhibition of agricultural equipment,

together with the participation of 120 domestic and foreign companies, according

to official media gallery. Article.

8.)

Iraqi Investment Authority announced Monday granted 24 licences fro private

sector companies worth 24 billion dollars during more than two years. Article. <– I really liked this

one.

9.) The Federal Transport Ministry announced on Monday the

allocation of 60 million dollars in balance of 2012 for the railway. Article.

Plus hundreds more of nothing but positive

intents by global countries and companies.

While we are on the subject of

banking, how about this analogy.

Perspective on Iraq’s private

banks by IraqiXchange

Summary: With inflation stabilized, oil

production up and government encouragement to become better capitalized, private

banks are drawing potential foreign investment partners because they are

positioned for success in Iraq’s post-war economy.

Baghdad – A resurgent

oil economy, projected GDP growth at more than 12 percent and a record level of

foreign investment point to signs that the private banking industry in Iraq is

looking at substantial growth, a new report on Iraqi banking says.

The

groundbreaking analysis, conducted by Ahmad Saleh, senior research analyst at

IraqiXchange, also indicates that for the first time in the modern era, bank

deposits in Iraq accounted for more than half of the money

supply.

“Iraq’s economy is growing out of its wartime

difficulties quickly and transitioning from a centralized economy to one that is

market-based,” says Saleh, an Iraq native and veteran North American

banking analyst.

“With credit accounting for more than one-third

of bank revenue and deposits at record levels, our analysis identifies

attractive and specific investment opportunities in the Iraqi banking sector,”

Saleh says.

HSBC of London, Qatar National Bank and National

Bank of Kuwait are among those with stakes in Iraqi banks, and more financial

institutions are following.

“We are very optimistic about Iraq over the

next three to five years,” says Dennis Flannery, Citi’s country head for Iraq

and a former U.S. financial attaché who previously worked at the World Bank and

Bank of America. “Our feeling is that good progress is being made, and we expect

to see really significant increases in the GDP in coming years — really

significant.”

The Middle East and Africa banking sector is second only to

Asia’s in growth potential, according to the 2011 Barclays Corporate Global

Banking Survey of 200 top banking and insurance services

executives.

Influenced by the World Bank and the International Monetary

Fund, the Iraq government is phasing in an increased capitalization requirement

for all banks.

”The hope,” Emirates Bank investment strategist Irfan

Chaudhry tells IraqiXchange, “is that new capital requirements will bring

consolidation, increased investment and more interest from foreign

banks.”

Article.

While we are talking about banks, I loved this

news:

Capital Bank Opens first National Bank of Iraq Branch in

Erbil <– Best news yet!

As part of its

expansion plans across Iraqi provinces, and in an effort to offer premium

banking services and facilities to its corporate clients, Capital Bank announced

the opening of its first National Bank of Iraq (NBIRQ) branch in

Erbil.

Through its acquisition of a controlling 72% share in

the National Bank of Iraq (NBIRQ), Capital Bank is the only Jordanian bank in

Iraq offering superior services that facilitate and fund trade and banking

services between clients in Jordan and Iraq.

The new Erbil branch was

inaugurated by His Excellency Dr. Barham Salih, Prime Minister of the Kurdistan

Regional Government, in the presence of His Excellency Bassem Khalil Al-Salem,

Chairman of Capital Bank, and Nozad Hadi, Governor of Erbil, in addition to

National Bank of Iraq Board Members and a number of prominent figures in the

region.

The new Erbil branch increases the total number of NBIRQ branches

to seven, three of which are located in Baghdad, one in Mosul, one in Karbala

and one in Basra.

“We are delighted that the National Bank of Iraq has

brought its services to Erbil in addition to the other provinces it is already

serving and we are also pleased that the National Bank of Iraq branch is the

only Capital Bank branch in the Region. Erbil is currently witnessing

exceptional economic activity as a result of its political stability making it a

prime destination for investors that are targeting the Iraqi market”, said His

Excellency Dr. Barham Salih, Prime Minister of the Kurdistan Regional

Government.

“Our investment in the National Bank of Iraq is a long-term

strategic decision that stems from Capital Bank’s firm belief in the

wide-ranging economic opportunities that are available in Iraq”, commented His

Excellency Bassem Khalil Al-Salem, Chairman of Capital Bank, the fourth largest

bank in Jordan in terms of capital.

“As the only Jordanian Bank in Iraq

that provides both commercial and investment banking services – through its

investment arm Capital Investments – our relationship with the National Bank of

Iraq allows Capital Bank to better service businessmen and merchants in Jordan

and support the increase of Jordanian exports to Iraq”, stated

Al-Salem.

Al-Salem went on to affirm that the National Bank of

Iraq aims to strengthen ties and enhance investment opportunities between Jordan

and Iraq, which is considered one of the fastest growing economies in the

world.

Article.

Don’t you just love to hear these words: which

is considered one of the fastest growing economies in the

world. So just how long do you think they can keep their currency

worthless? Not very long my friends!

New Private Banks in

Iraq

Iraq’s Central Bank has reportedly granted new banking licences

to four new private banks, each with capital of 250 billion Iraqi

dinars [$212 million].

This reportedly brings the number of

private banks operating in Iraq to 35.

Meanwhile, an economic advisor to

the Prime Minister is quoted as saying that a package of incentives is being

prepared to encourage small private banks to merge and form larger, stronger

entities. Article.

We believe that all of the auctions in

Iraq over the last several months was to move the lower denomination bills to

the Iraqi banks preparing for the RI/RV, for the Iraqi citizens. This is so they

don’t have to carry a $5,000.00 bill to go and buy a loaf of bread, and how do

you make change for that when you lowest bill is a $1,000.00 or a $5,000.00 IQD

note. The reverse of that is they pass out the lower denomination notes but

don’t RI/RV. Now you need a wheelbarrow to carry enough cash to buy that same

loaf of bread… By the way I have seen pictures of these new notes, so I know

they do exist.

We heard Maliki in his address last week (several months

ago now), tell the GOI to revalue the IQD as soon as they can.

We know

that Iraq has the oil to backup the new elevated currency. Just today this

article came out.

Iraqi oil reveal produced 4,000 tons of liquid

gas per day

Baghdad, 3 October (aknews) – the federal Iraqi oil

Ministry announced, Monday, that gas oil output reached 4,000 tons a

day.

Ministry Undersecretary Ahmad Al Kurdistan News Agency (aknews) “the

oil Ministry produces 4,000 tons per day of oil through the enigmatic quickly

deployed in all governorates of Iraq is enough lsdhagh country.”

“The

Ministry is to import tons of liquid gas in order to avoid critical or emergency

conditions and is working to reach self-sufficiency in liquid gas

consumption.”

The Iraqi oil Ministry announced Saturday that it produces

12 million l/j from gasoline with imported 12 million l/j per day.

She

stopped providing civil and governmental owners generators with fuel free and

return to the previous processing contexts.

The Ministry attributed the

causes of the high consumption of petroleum products to Iraq high import cars

and power outages.

The Iraqi Government announced last June on the

allocation of $ 400 million to equip civil and governmental owners generators

with fuel for free.

Article.

We know that Baker Jaber AL Zubaidi states

that the Iraqi Dinar Value should be Raised. <– This is a great article with

solid government links.

We know that Maliki wants our troops to

leave.

We have Dr. Sinan al-Shibibi in news interviews and articles, on

more than one occasion throughout the year telling us they are going to raise

the value of their currency this year.

Let’s talk about the dinar

value and raising it;

Here is an actual article in print about

raising the value of the Iraqi Dinar. Dr. Sinan al-Shibibi in this article talks

about the exchange rate. The actual quote: “He pointed out that the bank

wants and means to affect the economic and monetary policy by making the dinar

valuable and powerful.” Article.

Let’s talk about the timing

now;

First of all, I am very tired of all the emails I get

saying that “my great friend’s sources in which I cannot share” says, bla, bla,

bla and it is done. Okay, really? You all know who they are.

I feel like

this whole predicting the date and rate has become a popular Vegas betting line

game. Who will be first is the game. Ray and I, and I speak for our mods, do not

care who is first, but rather who is accurate in facts.

What we do know

is the Erbil Agreement is very important along with the ministers and HCL laws.

Not one person on this planet (other than a few key people in Iraq) can tell us

exactly the status of these things. However, I concur that they will pretty much

be all done together or simultaneously. I think with an ego that Maliki has, he

will want to take credit for this and make some sort of an announcement after it

happens.

HCL news today: As you can see, a few kinks need to be worked

out. I do not think this will hold anything up however.

An Iraqi

parliamentary Committee: still Bill pending oil and gas

October

3, 2011

Member of the Committee on oil and gas in the Iraqi Council of

representatives on Monday, that the draft law of the State oil and gas, and oil

and gas Bill still pending parliamentary so far, resolving the Kurdish problem

in Baghdad by voting.

The Deputy from changing, Bayezid Hassan Kurdistan

News (aknews) said that the “alleged that oil and gas Committee in the House of

new Bill is shame on health, and the matter remains pending, with government

officials in Baghdad speaking on the amendment to the draft law of the State oil

and gas in canine Council through voting.

He noted that “according to the

experience of the past four years, cannot happen at any time to resolve its

problems with the Federal Government via vote, and that the option agreement was

the best way to deal with things, and should therefore be on Al Kurd should

pursue this option, and only allow resolving the issue of oil and gas Act

through a vote in Congress.”

Hassan said that “Deputies conducted the

second reading of the draft hydrocarbon law on 17 August, and has been read 26

articles of the draft law, but at the request of the National Alliance were

stopped the Bill, and in 25 of the same month the Iraqi Government approved a

draft law on oil and gas in the majority of the votes and sent to the House of

representatives, although one of the 19 contained in working paper signed by

Kurdish Prime Minister Nuri al-Maliki stated that the adoption of the draft law

of oil and gas in harmony”.

And the Iraqi Government announced, on 28

August last, on the ratification of the draft law of oil and gas, and decided to

refer it to Parliament for ratification, while the Office of the Deputy Prime

Minister for Energy Affairs, Hussain Shahristani, on 2 July last, the Government

introduced some amendments to the draft of the long-awaited oil law, which was

the Committee on energy in the Cabinet.

The deputies of National

Alliance, which includes a State of law coalition and the comrades and the

Islamic Supreme Council, were pulled out of 24 deputies meeting held on 17

August last, after opposition to the first reading of the proposed law of oil

and gas in the Chamber of deputies directly without presentation to the

competent ministries, which led to the lifting of a one-hour meeting, the

Council Presidency, then decided to postpone the reading.

The effects of

oil and gas bill submitted by the Government to House mixed reactions, most

individual position and Patriotic Alliance of Kurdistan region Presidency

rejecting the project.

Article.

I still think you need to watch the forex

boards and just let it show up. Then when it does, take a second look then

scream (or something like that.)

Will any of us know ahead of time?

Truthfully, no. Because of the huge impact it will have, it will happen globally

all at once. Timing is everything now.

So, please keep posting the news,

good or bad and just let this come to you and play out. I wish I could speed up

things, but all I can do is assure that we will all cross the finish line at the

same time, and in style.

I am confident it will happen in the near

future. Could it and will it happen in a few days? Maybe, but probably not.

Could it and will it happen in a few weeks or couple of months? More than likely

and probably will. Will it happen in 2012 or the next couple years? Absolutely

not. The country would financially fall apart.

I understand this is not

much new, however it is a short recap of where we are and the future that lies

ahead of the Iraqi people. Personally, between Rays contacts and family members

in Iraq, my partner in Iraq, Iraq has taken huge strides and major progress in

the rebuilding process of this country. I believe you have every county in the

world working and helping Iraq achieve their goals. When Iraq emerges as a new

economic giant, we all are winners, but moreover, the Iraqi people who have

endured such terrible living conditions because of one past human dictator. This

is way the Erbil agreement is so important.

Right now, Talibani has 1/3

power, and Maliki has 2/3 power. Once the Erbil agreement is put into law, it

will be Talibani 1/3, Allawi 1/3 and Maliki 1/3. Now you will have true power

sharing and this country will move along even faster and achieve even greater

things.

All positive my friends and I will say this again, this

investment I got involved in, and hopefully you as well, will be very rewarding

in due time. This is something you cannot rush. Many members have also expressed

the timing will be when Iraq is ready and not one minute or day before.

I

truly still stand firm in my statement about the 200% assurance of this

investment. I sure all hope you all feel that way too.

Here

is a recap of how the world views the necessary changes in and for Iraq after a

recent study:

RECOMMENDATIONS

To

the Government of Iraq and to the Council of Representatives:

1. Strengthen the anti-corruption framework to allow for

greater and more effective cooperation and coordination between the various

state institutions involved in combating corruption, specifically

by:

Picture

2. Pass political

party legislation requiring parties to display financial transparency and

publish detailed annual accounts, including all sources of income and

expenditures.

3. Reform the Council of Representatives’ bylaws, including

by removing administrative matters from the speaker’s prerogatives, facilitating

the formulation of legislative bills and accelerating the lawmaking

process.

4. Streamline the legislative process by:

Picture

5. Reform the

Council of Representatives’ oversight function to focus on policy implementation

through the questioning of senior technocrats and administrative officers rather

than politicians.

6. Enact a law that would prevent the head of the

Higher Judicial Council from occupying the position of chief justice, and

protect the Supreme Court’s independence by forbidding any political

interference.

To the United States and other members of the

International Community:

7. Publicly express disapproval of the

Iraqi government’s and parliament’s failures regarding long-overdue

reform.

8. Provide immediate and direct support to the Council of

Representatives by seconding experts in parliamentary development to work

directly in the Council’s offices on a long-term basis.

9. support

efforts to reform the anti-corruption framework, notably through advice on

rendering administrative functions more efficient.

The finish

line is just ahead, or at least I can finally see it now! If you are

still not a believer in this investment after all of the positive news articles

and facts I laid out above, I am not sure I nor anyone else will convince you

that this is a very good investment providing you are willing to be positive and

let it come to you.

Anyway, I look forward to meeting each and every one

of you that will be coming to Arizona post RV and we can all start our new lives

together. I promise not to leave you or quit on you as we have come along ways

and I am here with you all until the end.

Until we reach the finish line

together, blessings to you all. Have a great week. We will all

keep you posted and updated as events take place. I will leave you with this

thought because many of you are hurting at various levels; compassion

offers whatever is necessary to heal the hurts of others because leaders are

their best when people get behind them!

Steve

[Russell M]

whoo my eyes are crooked! lol! Yeah, that sums it up pretty good. There will always be things to do, many we understand, some we forsee, some we dont and then that "crazy nature of the people that contstantly must change without expectation... yup and we're in it for the good!! Sooner or Later I say..... sooner or later... I drool with anticipation!

[WorkerBee]

Well, it seems Steve has simmered down some. Never thought I would see him getting praise on this site though, my how things have changed.

[Lenape]

Well, it seems Steve has simmered down some. Never thought I would see him getting praise on this site though, my how things have changed.

Same here, I got booted off PD for speaking the truth. Oh well, be safe

Edited October 4, 2011 by Lenape

[WorkerBee]

Same here, I got booted off PD for speaking the truth. Oh well, be safe

Correct me if I'm wrong, but didn't eveybody get booted off except the paying members?

[WorkerBee]

Ok, man up, who negged me? Don't be a coward, spit it out.

[design interrupted]

Worker Bee, I gave you a plus to equal you out.

[uncirculd]

Nice detailed analogy. Thanks for the common sense post trooper! +1

[WorkerBee]

Worker Bee, I gave you a plus to equal you out.

awww, thank you!

[ems]

Outstanding piece by SteveI. Lots of research and mostly facts. Thanks for posting it trooper.

[powerpager]

Great Post !!!

[Rossenbos]

What's with the quote of the whole original post and then adding nothing. Zilch. Zero. Nada.

[Lotusflower]

Correct me if I'm wrong, but didn't eveybody get booted off except the paying members?

PD is Free.

[Lenape]

PD is Free.

It might be free but if you don't drink the kool aid look out

[Linda]

Correct me if I'm wrong, but didn't eveybody get booted off except the paying members?

WB...Steve's site is free...Dan/Tony charge fee on their site...

[WorkerBee]

WB...Steve's site is free...Dan/Tony charge fee on their site...

Sorry, my bad, weren't there two sites that were both referred to as PD?

[Linda]

Sorry, my bad, weren't there two sites that were both referred to as PD?

No prob...Nope....one is PD and one is PTR....have a great day!...

BTW...like the flying bee....really cute...

Edited October 4, 2011 by Linda

[Jjarnold4]

Actually there is another site out there (or there used to be) Planet Dinar. It is also a pay site. SteveI got caught up with those bozos Tony and zzzzzzzzz. Unfortunately I think the emotions and resentment run deep. They are a good group and very much a Christian based site. Although they make mistakes just like all Christians I believe his intentions have been positive.

[WTX_Danny]

PD is Free.

It is free, but don't give your opinion, or discuss anything posted. You must only give praise to Steve and NaplesNurse or you will be banned. Steve brings some good info, but that Nurse is a Nazi.

Edited October 4, 2011 by WTX_Danny

[Hamels]

It is free, but don't give your opinion, or discuss anything posted. You must only give praise to Steve and NaplesNurse or you will be banned. Steve brings some good info, but that Nurse is a Nazi.

I hear ya , she booted me because I didn't drink their kool-aid