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I dont have a link to this but will try to get one(sorry)

Denver

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Denver

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Senior Economist Invites the World Bank took its time in the Central project to raise

Senior Economist Invites the World Bank took its time in the Central project to raise zeros from Iraqi dinar

الأحد, 28 فبراير 2010 20:07 المدير Sunday, February 28th, 2010 20:07 Director

Baghdad Iraqi files: called economic expert, Dr. Peace Smeisim CBI to wait to raise his three zeros from Iraqi dinar in order to prevent the occurrence of the illusion in cash between the nominal value and its purchasing power, which affects the state employees with limited income.

Smeisim said candidate for the Iraqi National List coalition, said the news issued by the U.S. media speculation about the Iraqi dinar in international stock markets, by more than 40% by 3 months Mthleeladtha means of information leaked to the stock exchanges through American circles the existence of a quantum leap in the Iraqi economy During the next few months, especially after the signing of the licensing contracts, oil, and assurances of international oil companies on the possibility of raising Iraq's oil exports in less than a year to around 4 million barrels per day

She added that Dr. Smeisim All these facts compel the CBI not to draw from Iraq's cash deposits to cover the value of the exchange rate of the equivalent of the U.S. dollar at the auctions held by the bank in order to stabilize the exchange rate and a transition to achieve the price I buy the Iraqi dinar by foreign banks was worth Indeed, under the future developments and not the opposite to sacrifice the central bank Bodaiah for the effective nominal value only of the Iraqi dinar, including sign Moezkin dangerous state in the first exchange and cash deposits Iraq policies are still not able to achieve value for money of the dinar over the nominal value, and the second danger recruiting process for the purposes of election apart from a purely legislative branch the power to control Iraq's next parliament, which need to be approved on the origin and utility of economic purchasing power of Iraqis, not the motives of investment meant more than the rich and the poor poorer

Indicating that the bank purports to do Almkzi delete zeros on the value of the dinar to deliver the nominal value of Adel Dinra one Iraqi American dollars, while not able to make the Iraqi dinar equivalent value for money provided by the dollar in the United States or in any of the neighboring countries, for example, the purchase of any goods or medical services or services such as electricity, water, fuel, etc., in the neighboring countries to buy the dollar value of "x" of gasoline, but what the Iraqi dinar achieved after the lifting of the zeroes be "nominal value - SS", estimated by economists by one third of the real value of currency , ie, that the currency would lose a third of its real value and will pay the price, fixed-income earners and creditors and sales transactions on credit, this does not work for sustainable development in the country, which will reflect negatively on the ability of low-income access to the purchasing power of the Iraqi dinar and the value of the emoluments much less than the value of the figure paid to the fact that the Iraqi dinar will not achieve the required purchasing power and this is what academics call it the "monetary illusion"

Dr. Smeisim stressed that waiting for positive economic

Senior Economist Invites the World Bank took its time in the Central project to raise

Senior Economist Invites the World Bank took its time in the Central project to raise zeros from Iraqi dinar

الأحد, 28 فبراير 2010 20:07 المدير Sunday, February 28th, 2010 20:07 Director

Baghdad Iraqi files: called economic expert, Dr. Peace Smeisim CBI to wait to raise his three zeros from Iraqi dinar in order to prevent the occurrence of the illusion in cash between the nominal value and its purchasing power, which affects the state employees with limited income.

Smeisim said candidate for the Iraqi National List coalition, said the news issued by the U.S. media speculation about the Iraqi dinar in international stock markets, by more than 40% by 3 months Mthleeladtha means of information leaked to the stock exchanges through American circles the existence of a quantum leap in the Iraqi economy During the next few months, especially after the signing of the licensing contracts, oil, and assurances of international oil companies on the possibility of raising Iraq's oil exports in less than a year to around 4 million barrels per day

She added that Dr. Smeisim All these facts compel the CBI not to draw from Iraq's cash deposits to cover the value of the exchange rate of the equivalent of the U.S. dollar at the auctions held by the bank in order to stabilize the exchange rate and a transition to achieve the price I buy the Iraqi dinar by foreign banks was worth Indeed, under the future developments and not the opposite to sacrifice the central bank Bodaiah for the effective nominal value only of the Iraqi dinar, including sign Moezkin dangerous state in the first exchange and cash deposits Iraq policies are still not able to achieve value for money of the dinar over the nominal value, and the second danger recruiting process for the purposes of election apart from a purely legislative branch the power to control Iraq's next parliament, which need to be approved on the origin and utility of economic purchasing power of Iraqis, not the motives of investment meant more than the rich and the poor poorer

Indicating that the bank purports to do Almkzi delete zeros on the value of the dinar to deliver the nominal value of Adel Dinra one Iraqi American dollars, while not able to make the Iraqi dinar equivalent value for money provided by the dollar in the United States or in any of the neighboring countries, for example, the purchase of any goods or medical services or services such as electricity, water, fuel, etc., in the neighboring countries to buy the dollar value of "x" of gasoline, but what the Iraqi dinar achieved after the lifting of the zeroes be "nominal value - SS", estimated by economists by one third of the real value of currency , ie, that the currency would lose a third of its real value and will pay the price, fixed-income earners and creditors and sales transactions on credit, this does not work for sustainable development in the country, which will reflect negatively on the ability of low-income access to the purchasing power of the Iraqi dinar and the value of the emoluments much less than the value of the figure paid to the fact that the Iraqi dinar will not achieve the required purchasing power and this is what academics call it the "monetary illusion"

Dr. Smeisim stressed that waiting for positive economic developments during the year and perhaps to the middle of next year, the economy would be stronger Iraqi dinar to the dollar to offset the normal condition in the market speculation, the role of the CBI case of regulatory seize these positive developments only on developments during the year and perhaps to the middle of next year, the economy would be stronger Iraqi dinar to the dollar to offset the normal condition in the market speculation, the role of the CBI case of regulatory seize these positive developments only on

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Jigga Newbie

Jigga

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i still dont know what the heck she is talkin bout....sounds like a bunch of bumblin crap to confuse people on whats really goin on...not only that she is not affiliated with the govt hahaha she is just an economist with her own thoughts and opinions just like everyone else has

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ronscarpa Grand Master

ronscarpa

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Senior Economist Invites the World Bank took its time in the Central project to raise zeros from Iraqi dinar----------------------------------3333333333-----------------------#################------------------------------------------------------academics call it the "monetary illusion"

Dr. Smeisim stressed that waiting for positive economic developments during the year and perhaps to the middle of next year, the economy would be stronger Iraqi dinar to the dollar to offset the normal condition in the market speculation, the role of the CBI case of regulatory seize these positive developments only on developments during the year and perhaps to the middle of next year, the economy would be stronger Iraqi dinar to the dollar to offset the normal condition in the market speculation, the role of the CBI case of regulatory seize these positive developments only on

At first glance this appears to be a poor post for us, and it appears that they don't want speculators to have a windfall; but what influence does she actually wield, and with what authority does she speak - other than her credentials.

However, the closing paragraph is positive and in concert with everything else positive we've heard. But, she indicates the middle of the year.....(crap!!!) ...For what it's worth (my observatioon that is)....

Blessings for all of us,

RON ;)

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drox Newbie

drox

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Posted

This is interesting. Great find OBTW! Okay... here's my shot at what she is saying. It would be nice to mix in some periods once in a while huh? Also, I can't seem to make heads or tails of the 40% and 3 months remarks.

She seems to be against the CBI making the dinar equivalent of 1 us dollar($1). Did she possibly let the cat out of the bag? She seems to be talking about them changing the dinar exchange rate to 1000 from 1170 and then dropping the 3 zeros? That would make it 1:1. Whereby, she feels that is a monetary illusion and would hurt the Iraqi citizens but reward investors especially outside Iraq. It would damage the CBI cash reserve in the process? That would, in effect, hurt the "REAL VALUE" (which takes inflation into account) of the money and could take a third of the purchasing power away from fixed and lower income earners in Iraq. She thinks the only purpose would be to effect the nominal value for Iraq (The perceived rate for asthetic purposes?) I may be wrong but it seems she thinks that today's rate is the appropriate rate considering where things are but that it will naturally go up with all of the improvements coming. That they could re-address maybe mid year next year when Iraq could be in a stronger position? When she talks of raising the 3 zero's or dropping them... I don't think she is referring to the redenomination at all. Although that might occur down the road? Seems dropping zero's only on the exchange rate. Which could mean $1 for every 1 dinar! Woohoo if so! Trust me this is the opposite of everything I thought would happen!

Just my synopsis... anyone else?

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hiloeven Newbie

hiloeven

Posted
Posted
This is interesting. Great find OBTW! Okay... here's my shot at what she is saying. It would be nice to mix in some periods once in a while huh? Also, I can't seem to make heads or tails of the 40% and 3 months remarks.

She seems to be against the CBI making the dinar equivalent of 1 us dollar($1). Did she possibly let the cat out of the bag? She seems to be talking about them changing the dinar exchange rate to 1000 from 1170 and then dropping the 3 zeros? That would make it 1:1. Whereby, she feels that is a monetary illusion and would hurt the Iraqi citizens but reward investors especially outside Iraq. It would damage the CBI cash reserve in the process? That would, in effect, hurt the "REAL VALUE" (which takes inflation into account) of the money and could take a third of the purchasing power away from fixed and lower income earners in Iraq. She thinks the only purpose would be to effect the nominal value for Iraq (The perceived rate for asthetic purposes?) I may be wrong but it seems she thinks that today's rate is the appropriate rate considering where things are but that it will naturally go up with all of the improvements coming. That they could re-address maybe mid year next year when Iraq could be in a stronger position? When she talks of raising the 3 zero's or dropping them... I don't think she is referring to the redenomination at all. Although that might occur down the road? Seems dropping zero's only on the exchange rate. Which could mean $1 for every 1 dinar! Woohoo if so! Trust me this is the opposite of everything I thought would happen!

Just my synopsis... anyone else?

I've read it several times myself (not easy reading) and I can't conclude anything more insightful than your valued post. Thanks.

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jackdavis1364 Newbie

jackdavis1364

Posted
Posted
At first glance this appears to be a poor post for us, and it appears that they don't want speculators to have a windfall; but what influence does she actually wield, and with what authority does she speak - other than her credentials.

However, the closing paragraph is positive and in concert with everything else positive we've heard. But, she indicates the middle of the year.....(crap!!!) ...For what it's worth (my observatioon that is)....

Blessings for all of us,

RON ;)

No, she says the middle of next year. That would be 2011

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elblondee Newbie

elblondee

Posted
Posted
Sorry guys I dont have a link to this but will work on finding one. This was just emailed to me and thought I would share. I dont have a public opinion on the article and wont give one. Let the gurus pick it apart!

I googled and found the original link via another forum

http://www.iraqfiels.com/index.php?option=com_content&view=article&id=773:2010-02-28-20-11-32&catid=90:2009-06-05-18-33-04&Itemid=280

hope this helps

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