Shabibi (the news):

[MrFnHappy]

Apologies if already posted

Shabibi (the news): The Central Bank Ghaderaly to deal with inflation

On: Wed, 07/12/2011 13:41

Baghdad (news) .. said Central Bank Governor Sinan Shabibi that the bank is the only party that has the potential to deal with inflation by virtue of what is owned by the cash.

Shabibi said in a statement singled out by the Agency (news) on Wednesday: that the bank is working to raise the level of liquidity due to the reality of inflation in the market, pointing to the Central Bank monitors the level of inflation accurately through a specialist, after we get Tqriraljhaz Central Bureau of Statistics, noting: the raising and lowering the liquidity to be put to the market be in accordance with the reality of the report.

Shabibi said: that the cash reserve which is owned by the market in which you can preserve the value of the currency and protect it from any attempts Tatherma on monetary value.

The central bank governor said in previous statements that Iraq has the largest cash reserve in its history, and this leads to Astaqraralamlh and the level of its exchange rate. / End / 12. N. R /

http://translate.googleusercontent.com/translate_c?hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.ikhnews.com/news_view_26372.html&usg=ALkJrhibx2avp9rn6i1kffXarEp3zVyNrg

[randalln]

now they are telling the truth the most cash reserves in its history they are making 2billion per day every time the sell OUR dollars back to us and receive 13 dinars in credit and pay off there DEPT (that has been payed ten times over)

IT IS COMING CAN YOU FEEL IT

O you ask what are we buying there dollars with

ALL THE DINAR AT 4000 x 1 THAT WAS GAVE IN EXCHANGE FOR OUR DOLLARS we are buying it back at 1170

NOT IN CASH PEOPLE

so really we are paying for there RV and making it look like they are in control to the world

at the same time putting all the other countries in there place

IT WILL PAY FOR ITSELF

Edited December 8, 2011 by randalln

[DinarDana]

now they are telling the truth the most cash reserves in its history they are making 2billion per day every time the sell OUR dollars back to us and receive 13 dinars in credit and pay off there DEPT (that has been payed ten times over)

IT IS COMING CAN YOU FEEL IT

O you ask what are we buying there dollars with

ALL THE DINAR AT 4000 x 1 THAT WAS GAVE IN EXCHANGE FOR OUR DOLLARS we are buying it back at 1170

NOT IN CASH PEOPLE

so really we are paying for there RV and making it look like they are in control to the world

at the same time outing all the other countries in there place

IT WILL PAY FOR ITSELF

Something funky happened with this post. Nice to see you Randalin - I can feel it! YAH! I am not sure I understand this logic, What am I missing (not in cash?)

[Abarvets]

Randalln, I hope you are correct about your feeling..... Thanks for the article Mrfnhappy.

[PacoTaco]

Oh yeah!

[randalln]

also $150,000,000 dollars x 1170dinars to 1dollar =175,500,000,000billion dinar per day x2years =730x175,500,000,000billion =128,115,000,000,000 thats trillion dinars for two years

now i know they don't sell every day

But they also have had a lot bigger sells than 150 million

[GotSix]

Apologies if already posted

Shabibi (the news): The Central Bank Ghaderaly to deal with inflation

On: Wed, 07/12/2011 13:41

Baghdad (news) .. said Central Bank Governor Sinan Shabibi that the bank is the only party that has the potential to deal with inflation by virtue of what is owned by the cash.

Shabibi said in a statement singled out by the Agency (news) on Wednesday: that the bank is working to raise the level of liquidity due to the reality of inflation in the market, pointing to the Central Bank monitors the level of inflation accurately through a specialist, after we get Tqriraljhaz Central Bureau of Statistics, noting: the raising and lowering the liquidity to be put to the market be in accordance with the reality of the report.

Shabibi said: that the cash reserve which is owned by the market in which you can preserve the value of the currency and protect it from any attempts Tatherma on monetary value.

The central bank governor said in previous statements that Iraq has the largest cash reserve in its history, and this leads to Astaqraralamlh and the level of its exchange rate. / End / 12. N. R /

http://translate.googleusercontent.com/translate_c?hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.ikhnews.com/news_view_26372.html&usg=ALkJrhibx2avp9rn6i1kffXarEp3zVyNrg

Apologies accepted....although I know better....& yes (you know) this has been posted previously....so how do explain....Shabibi stating "that Iraq has the largest cash reserve in its history" yet "the level of its exchange rate" hasn't changed in years and G-d forbid increases...so what is he so proud about????

[randalln]

Something funky happened with this post. Nice to see you Randalin - I can feel it! YAH! I am not sure I understand this logic, What am I missing (not in cash?)

Its in that kinda back room credit deals

I give you 1billion dollars

and you give me 1 billion dollars worth of (credit) at 4000 to 1

and i promise you i will not collect till the end (but it will be at a higher rate )

Apologies accepted....although I know better....& yes (you know) this has been posted previously....so how do explain....Shabibi stating "that Iraq has the largest cash reserve in its history" yet "the level of its exchange rate" hasn't changed in years and G-d forbid increases...so what is he so proud about????

the rate has not changed because that would mean we would have to give up our hand

DO you realize how long it takes to sell all the currency

have to sell it all before pulling the trigger or it would all backfire

they are not worried about the little amount we have

[DinarDana]

Its in that kinda back room credit deals

I give you 1billion dollars

and you give me 1 billion dollars worth of (credit) at 4000 to 1

and i promise you i will not collect till the end (but it will be at a higher rate )

the rate has not changed because that would mean we would have to give up our hand

DO you realize how long it takes to sell all the currency

have to sell it all before pulling the trigger or it would all backfire

they are not worried about the little amount we have

Hmmmm as I hold my chin with my hand, that is quite interesting, now that you mention it.... What genius thought up this plan? <wink> I guess it takes a genius to think like a genius. Wow, yeah it makes a bit of sense if there is an high RV this is the only way it could work. OK now, what do you think the rate will be based on this theory?

[watercop]

Nice to see you Randalln. Im just going to see how this thread reads out. The thought process of the DV members on this will be interesting. Thanks all.

[RVCardinal]

Nice to see you Randalln. Im just going to see how this thread reads out. The thought process of the DV members on this will be interesting. Thanks all.

I am anxious to see how this thread reads out as well. This has definitely been an interesting read. I am also ready to hear some predictions on a rate based off the theories on here.

[CrappieShark]

If they rv at one dollar they break even at the end of the cycle. But if they rv for more than a dollar to dinar they lose. Makes sense you may be on to something. But where is the cycle at and how long before its over. Interesting thought.

Edited December 8, 2011 by CrappieShark

[DinarDana]

Nice to see you Randalln. Im just going to see how this thread reads out. The thought process of the DV members on this will be interesting. Thanks all.

Yes even more interesting when the Lopsters get here. Hurry, hide. Me too I am interested as well.

[randalln]

If they rv at one dollar they break even at the end of the cycle. But if they rv for more than a dollar to dinar they lose. Makes sense you may be on to something. But where is the cycle at and how long before its over. Interesting thought.

I think by my calculations from the real #s i have and the fake #s they give out we are there now if they go any further they start to go in the hole by my math

the fake #s are real but there not if you see where I'm going with this .it docent really exists (just on paper)but no one knows that

[lcheung]

randalln

do u think it will rv within 30 days?

[randalln]

randalln

do u think it will rv within 30 days?

yes

Securities OfferedDiscountTotal Offering150,000,000,000Total Public Bidding120,720,000,000PricingMultipleTerm of Security (days)182Settlement Date1-11-2011Maturity Date1-5-2012Competitive Bidders5Winning Bidders5Total Non-Competitive Bids Awarded1.020,000,000Total Valid Competitive Bids119,700,000,000Total competitive Bids Awarded119,700,000,000Range of Yields of Valid Competitive Bids[8.50%-9.30%]Cut off Yield9.30Bids Received as % of Amount Offered80.48

they have already payed the one for feb.15 200,000,000,000

i don't watch the cbi auctions i watch the MOF (how they pay for all there goods and services ) cbi auctions just puts money in the banks MOF is what they have to pay to other countries or the IMF

[lcheung]

yes

Securities OfferedDiscountTotal Offering150,000,000,000Total Public Bidding120,720,000,000PricingMultipleTerm of Security (days)182Settlement Date1-11-2011Maturity Date1-5-2012Competitive Bidders5Winning Bidders5Total Non-Competitive Bids Awarded1.020,000,000Total Valid Competitive Bids119,700,000,000Total competitive Bids Awarded119,700,000,000Range of Yields of Valid Competitive Bids[8.50%-9.30%]Cut off Yield9.30Bids Received as % of Amount Offered80.48

they have already payed the one for feb.15 200,000,000,000

i don't watch the cbi auctions i watch the MOF (how they pay for all there goods and services ) cbi auctions just puts money in the banks MOF is what they have to pay to other countries or the IMF

so randalln

u think more chance rv in dec 2011 or jan 2012?

[randalln]

so randalln

u think more chance rv in dec 2011 or jan 2012?

I would think if they wanted to make things simple they do it at the start of there fiscal cycle (easer to keep up with )

so i say definitely before the end of the year if not then we wait 1 more year

[CrappieShark]

May be why there is so much scrambling right now to get all this litigation passed. Brilliant plan if this is what they have done. If not then they missed a good chance. I know that Iraq is not happy with the 2013 plan put out by the World Bank and the WTO. That stymies the contracts with the big oil companies and they need them real bad right now. Could be an RI in the near future my way of thinking. It gives iraq what they need and gives time for the World Bank to set in motion all of the engines to let them RV in 2013. The big question here is what would the agreed number be for an RI. I dont see 3.00 at all. I am stuck on .86 personally. Dollar for Dinar is a number they keep referring back to but the WTO is not in agreement. That is what the 3 zeros is all about but WTO is not playing ball on that one. If Iraq can pull it off they are now trying to whine and beg their way out of the RD they did when they got rid of Saddam Hussein money. They sold that to banks who sold it to money merchants who sold it to us with the promises and hopes of an RV. They allowed the money merchants to solicit our business with hopes of an RV. Now though they are trying to find a way out of this and that is why I say all eyes are watching them. If they will not honor the promise to investors on this level I would never trust them with any of my money ever again. But these folks dont see that far ahead. You are trying to take a dictator mentality and ,make them do what they have said they would do. If they want investors they better play right and fair or they will lose in the long run because nobody will trust them and everyone will be after them. In the meantime though if this is something they instituted it should be at fruition and again it may well be the reason for the flurry of legislation. Go RV, RI but not RD. RD without honoring the other RD is not good for us.

[randalln]

do you think they can wait a year with out us there suppling the food clothing and shelter and defense

I think not ...............and we are definitely out of there in 12 more days

[Bumper64]

do you think they can wait a year with out us there suppling the food clothing and shelter and defense

I think not ...............and we are definitely out of there in 12 more days

Glad to see you back and posting again.

[randalln]

May be why there is so much scrambling right now to get all this litigation passed. Brilliant plan if this is what they have done. If not then they missed a good chance. I know that Iraq is not happy with the 2013 plan put out by the World Bank and the WTO. That stymies the contracts with the big oil companies and they need them real bad right now. Could be an RI in the near future my way of thinking. It gives iraq what they need and gives time for the World Bank to set in motion all of the engines to let them RV in 2013. The big question here is what would the agreed number be for an RI. I dont see 3.00 at all. I am stuck on .86 personally. Dollar for Dinar is a number they keep referring back to but the WTO is not in agreement. That is what the 3 zeros is all about but WTO is not playing ball on that one. If Iraq can pull it off they are now trying to whine and beg their way out of the RD they did when they got rid of Saddam Hussein money. They sold that to banks who sold it to money merchants who sold it to us with the promises and hopes of an RV. They allowed the money merchants to solicit our business with hopes of an RV. Now though they are trying to find a way out of this and that is why I say all eyes are watching them. If they will not honor the promise to investors on this level I would never trust them with any of my money ever again. But these folks dont see that far ahead. You are trying to take a dictator mentality and ,make them do what they have said they would do. If they want investors they better play right and fair or they will lose in the long run because nobody will trust them and everyone will be after them. In the meantime though if this is something they instituted it should be at fruition and again it may well be the reason for the flurry of legislation. Go RV, RI but not RD. RD without honoring the other RD is not good for us.

you hit it on the head

RI somewhere around 1 dollar to collect the cash outside of the country and a RV after

and if that goes like the rest of the payments I say 6 months and they have pulled in all our dinars ...

WTO and IMF will not let them default on the cash outside (even if they want to change the money inside (they still have to pay face value outside )

dual exchange rates outside on the dinar we have now ...........1 dollar (to bring them in )

Inside on the new dinar and low denom higher .....maybe 3$+

but you will not exchange a 25,000 dinar note for $3 or $4 .......it will never happen

wish it would but i just can't see it

[luckyone]

you hit it on the head

RI somewhere around 1 dollar to collect the cash outside of the country and a RV after

and if that goes like the rest of the payments I say 6 months and they have pulled in all our dinars ...

WTO and IMF will not let them default on the cash outside (even if they want to change the money inside (they still have to pay face value outside )

dual exchange rates outside on the dinar we have now ...........1 dollar (to bring them in )

Inside on the new dinar and low denom higher .....maybe 3$+

but you will not exchange a 25,000 dinar note for $3 or $4 .......it will never happen

wish it would but i just can't see it

If this is what happens would the new low denominations be at a different value? Some investors may want to reinvest in the new dinar but not pay $3-4 per dinar. Would the new lower notes be at $1 also for those that wanted to buy more?

[randalln]

If this is what happens would the new low denominations be at a different value? Some investors may want to reinvest in the new dinar but not pay $3-4 per dinar. Would the new lower notes be at $1 also for those that wanted to buy more?

no...................... and you would have to go to iraq to get them

[Mak63]

I think by my calculations from the real #s i have and the fake #s they give out we are there now if they go any further they start to go in the hole by my math

the fake #s are real but there not if you see where I'm going with this .it docent really exists (just on paper)but no one knows that

Nice to see you back randalln

What rate do you think it will come in at then if the time is now?

Mak63