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11am, September 15th, 2012
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Greetings!,
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SWFloridaGuy] Huge news this morning about a possible change in peg with the IQD. 9-15-2012 Arab Monetary: 3 currency exchange systems and countries 'cooperation' dependent mechanism 'peg.' Confirmed the Arab Monetary Fund, the drainage systems prevailing in the global economies and Arab currencies, including 3 types first "floating fully" and that left to market forces by identifying currency exchange rate, as countries rely other system peg a single currency or a basket of currencies including states cooperation, Jordan and Lebanon, as well as drainage systems combine the two systems ex.
[SWFloridaGuy] During the financial stability, are diverse exchange in the Arab countries to 3 types, pointing out that both of Jordan, Lebanon and the GCC countries peg its currency to fixed exchange rates against the dollar. Adopt all of Iraq, Tunisia, Algeria, Mauritania and Sudan system floating orbit of exchange, where value is determined currency in the market, according to the forces of supply and demand, and the government to intervene when necessary to re-route the exchange rate, in line with a group of standards including the status of the current account and foreign currency reserves. . ....
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3SIntel Topic: Nothing is impossible, the word itself says 'I'm possible'! Audrey Hepburn
MIG:
[hub] went to a small WF in a town with about a pop of 1000, talked to a very cute 30ish black lady, she is the mortgage banker, and as i was leaving ask her if they handled currency, she smiled from ear to ear and asked "dinar?". i said yes and she told me that out of 10 people in the bank, 6 had it,
[hub] the grabber is a WF PRIVATE BANKER told them to get it. they would make a lot of money. i ask her if she knew WF was the go to bank for the exchange and she said yes , but was told not to talk about it
Da58) hub WOW hub - great bank story! when was this?
[hub] da58 Tuesday
[BIGREDDOG] when i opened our WF account our banker talked to me about it. He could only say so much but said it was a good thing and it was going to happen. ....
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DinarWishes: Good Morning Peeps and Fellow Squirrels!!! As the Seasons are changing and the winds cool... I would like you to take a moment and think about the only thing that is a constant.... "Change" It is inevitable and happens when it wants too.... Many, many things have been said about this investment and some are true and many have been just complete rumor put out by those who want to keep you excited and on a ride most can't handle.... I love you all too much to put you through that... Just know it's coming, when exactly is undetermined... It could be sooner than we think.... But, since we are not in control dont make the investment your only saving grace.... Take care of yourself NOW!!! And when this happens you will be better prepared and ready for the Change that IS coming!!! ....
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Patricia: Thanks to both of you, Steve what you and Kap say does make sense, but what about the idea of de dollarizing, if they don't equal the USD 1.00 how is all of this going to accomplish that feat as to what one of the main goals the CBI wanted. I understand about cheaper imports etc. but how is that going to help keep the inflation in check and benefit the people in Iraq on a day to day basis? Especially when time is of the essence.
Enorrste: As the dinar rises in value people will begin to want dinars again. When it gets over $1, which we expect prior to the beginning of 2013, they will flood to dinars and away from dollars, since the dinar will have been rising consistently for several months by that time and every expectation will be that it will continue to rise. Inflation is REDUCED by lower import costs. it is not raised
He who controls the supply can control the rate. If Shabibi wants the rate to go down he sells more dinar. If he wants it to go up he buys up dinar, even from people like Ali. The bottom line is that he controls supply, and therefore the rate.
KAP and I expect that once it passes $1 Shabibi will step in and "manage the float" as he told the IMF he would do. It will then go up at a controlled rate (unknown what that is now) until it reaches "equilibrium" which we suspect will be in the $3.50 range. We have no way of knowing how long that will take at this time. Enorrste / (Steve) ...
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Someone has written these beautiful words. Must read and try to understand the deep meaning of it. They are like the ten commandments to follow in life all the time. Layman's Ten:-
1. Prayer is not a "spare wheel" that you pull out when in trouble, but it is a "steering wheel" that directs the right path throughout.
2. So why is a car's windshield so large and the rear view mirror so small? Because our past is not as important as our future. So, look ahead and move on.
3. Friendship is like a book. It takes few seconds to burn, but it takes years to write.
4. All things in life are temporary. If it's going well, enjoy it, that won't last long. If it's going badly, don't worry, that won't last long either.
5.Old friends are gold! New friends are diamonds! If you get a diamond, don't forget the gold! Because to hold a diamond, you always need a base of gold!
6. Often when we lose hope and think this is the end, God smiles from above and says, "Relax, sweetheart, it's just a bend, not the end!"
7. When God solves your problems, you have faith in His abilities; when God doesn't solve your problems, He has faith in your abilities.
8. A blind person asked St. Anthony, "Can there be anything worse than losing eye sight?" He replied, "Yes, losing your vision!"strongbow:
9.When you pray for others, God listens to you and blesses them; sometimes, when you are safe and happy, remember that someone has prayed for you
10. Worrying does not take away tomorrow's troubles, it takes away today's peace ,,
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BWM: Talk about your misinformation... couple of things that we need to address for the day...
BWM: a new "guru" has popped up and up til now has just been off on dates... but today's miscommunications have crossed the line... (this was said today)But to think that this will affect this historical realignment of all the world's currencies, is utterly BS. No one has said the RV was to happen today. No one has said tomorrow. Or so forth. THIS IS OUR PROBLEM... PPL DON'T "SEE" THE FACT THAT PPL ARE CALLING IT STILL
BWM: then he hits with this: I just want to share something with all of you. IMO and my eyes the IQD is no longer a RV or a CE. It is an asset exchange. Let me explain. For those who own, Physically own IQD (meaning in your possession), You own an asset. Meaning someone will pay money for this asset and in hope and essence more than the market value. THIS TO IS INCORRECT... AN ASSET EXCHANGE IS WHEN YOU PURCHASE SOMETHING FOR THE ASSETS OR PURCHASE THE ASSETS DIRECTLY VIA AN EXCHANGE OF STOCK OR CASH... ,,
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cruiser] As it pertains to EO 13303 15% tax. It is out there. I will find it and post. May not be tonight but will post once I do.
[bamanana] I'll gladly give 15% if they'll push the button. RV rv
[highlander65] cruiser wow you came back -- you are wonderful to come back to help address questions.
[RdRiver] Cruiser,,,bottom line what is your point sir? When the currency can be redeemed,,will the dealers raise it enough to make the reserves worth while?
[4given] cruiser so are you of the opinion that this is a 15% "capital gains" tax ?
[cruiser] 4given I am going to find the exact EO that states it.
[4given] cruiser so then it would be 15% long term and 35% short term ?
[cruiser] 4given think it is 15% for everyone. Have to find the literature on it.
ruiser] Truthfully, once this happens and you get your money, go see an accountant, either prior to or right after. That is Something that everyone needs to do.
childofgod] cruiser 15% across the board? whether we've had it in our possession less than 1 year or more? ....
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[cruiser] I just want to share something with all of you. IMO and my eyes the IQD is no longer a RV or a CE. It is an asset exchange. Let me explain. For those who own, Pysically own IQD (meaning in your possesion), You own an asset. Meaning someone will pay money for this asset and in hope and essence more than the market value.
There is a difference between all other currencies right now and the IQD. That is the difference. Go back over what has been posted and shared before and what you all have learned about this crazy process. It makes perfect sense. Bank codes will determine what the price of our asset is. Not forex, and not the currency exchange rate program. Keep that in mind.
[highlander65] cruiser Good Point !! Thanks for the post!
[Greek1212] cruiser Does that implie that it's taxable?
[medusa1130 ] Cruiser good point I wonder what that will do come tax time
[Remi8] cruiser Won't that have tax implications?
[cruiser] The Tax is 15% according to EO 13303 (think that is the number) ....
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WANGDANG CONFERENCE CALL
SATURDAY SEPTEMBER 15, 2012 AT 10 AM CST 11 AM EST
DIAL IN 530-881-1300 PIN 111646
PLAY BACK 530-881-1399 PIN 111646 (AFTER THE CALL)
MP3 WILL BE RELEASED AFTER THE CALL
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laurelei: Great quote of the day: "Don't live down to expectations. Go out there and do something remarkable." Wendy Wasserstein WCW] i knew last night when i saw all of this going on in the world it might hold our blessing back today is not over so we wait and see what happens but be papared if we dont see it i know so many of needs this and i still keep the faith that it is going to happen i think all of u for letting me share [kathy] WCW I still beleive everything is done but timing is the issue imo shasta7] My own take on what the exchange rate will be.... The BEST people can & should do regarding RATE - is to always figure LOW.... but hope for high... this will keep you grounded & not disappointed if it is low... BUT if it is HIGH or HIGHER then you planned you then will be happier & besides your cake will have the icing to go with it!!! captaincaveman ] Look whats on the agenda next Thursday at 10am . http://www.marketwatch.com/story/washington-events-for-sept-17-21-2012-09-14?siteid=rss&rss=1 jwaynec] captaincaveman convienient eh? [jc2] Captcaveman....capital gains discussion? [jjwaynec] jc2 yeah ....
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Major currencies against the Iraqi dinar in the local markets of the day 13/09/2012 Ali Salman - 09/13/2012 - 6:21 pm The local market, which determines prices of foreign currencies against the Iraqi dinar. Currency Amount Iraqi dinar U.S. dollar $ 100 125.500 Euro 100 156.000 Pound 100 195.500 Turkish lira 100 71.500 Iranian Rial 100.000 60.000 http://www.burathanews.com/news_article_169577.html [Shredd] imo, this could simply be talking about the demand price in local markets like, when that dumb iphone5 comes out...... say supply runs dry then, you could sell your newly bought one for double or more ...
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[millionday] The financial expert on behalf of Jamil, the Iraqi dinar began recovering after the rise in the value of demand in the GCC banking markets, indicating that the dinar has appreciated either UAE dirham in Dubai banking market rate (0.26%) testament to the strength of the national economy. Jameel said (of the Agency news) Friday: The currency is the face of the economy when the Iraqi dinar powered in another currency is the currency "dollar" shall be there in return pumping Iraqi crude oil and an increase in exports, especially since there is a high priced oil in the international markets, pointing to that Almarbin in countries experiencing avoid its economy are buying the Iraqi dinar.
[millionday] He added: because they expect that the Iraqi dinar may occur when major breakthroughs and increases its value and occurs rebound in the Iraqi market, in addition to the frequent talk about the implementation of the project to delete the three zeroes from the Iraqi currency, which may give the strength and momentum of the Iraqi dinar against foreign currencies, these are all contributed to Iqbal speculators in global markets on the purchase of the Iraqi dinar. ,,
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[Shredd] so funny that people think bank employees would know anything ahead of time.....I train bank personnel and I can tell ya they don't know
[Shredd] I work for one of the big banks that has over 20 trillion in assets under management and in 36 countries ...
[Shredd] and have been in this bank for over ten years
[Shredd] and i can tell you I've managed multi- billion dollar transactions
[Shredd] and in all my time at the bank, working with foreign currencies
[Shredd] and with multi-national companies
[Shredd] with many sovereign countries
[Shredd] i can tell you... that no banker
[Shredd] whether private, commercial or public
[Shredd] would ever, under any circumstances
[Shredd] have any intel
[Shredd] or any inside track ,,
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The below posts shaded in green
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Iraqi Vice demanding their leaders not to act individually and calls to rally around Allawi September 14 2012
Twilight News asked Deputy for the Iraqi List, Friday, leaders of the blocks that fall in the list to not act individually to negotiate with other blocs, urging them to rally around the leader, Iyad Allawi to prevent failure of the national project adopted list. said MP Talal Zobaie in an interview "Twilight News" that "the leaders of the list not act unilaterally in the process with other blocs."
said Zobaie that "it is not logical to go one the leaders in the Iraqi and allied without the approval of the list where a departure by which to do so will lose a lot," in referring to the last meeting, which brought together the leadership in Iraq and House Speaker Osama Nujaifi Prime Minister Nuri al-Maliki.
Tariq Harb: oil agreement is the golden key to open closed doors between the Centre and the region 2012-09-14 18: 27: 43 Friday
Baghdad (News) : Legal expert Tariq Harb, the oil agreement between the Central Government and the Kurdistan Regional Government as a golden key to open closed doors.
He said war in WordPress (News Agency news) on Friday: the Federal Government agreement with the Kurdistan Regional Government, on payments for oil and start to export oil from territory breakdown of the main points of disagreement between Baghdad and Arbil, plus it would increase imports of general budget and achieve Federal Government control over oil exports from the region.
And continued war: that the agreement would be a golden key to open closed doors and pending files between the Governments of the Centre and the territory as a security issues including currency the army and political issues including legislation, especially law of oil and gas cooperation and coordination between the parties in all areas.
http://www.ikhnews.com/news.php?action=view&id=55759
Vice Posted: Finance Committee plans to amend the Banking Act format support and development of the banking sector 09/14/2012 7:58 pm
Solution News: Said a member of the Finance Committee MP Amin Hadi for the National Alliance, the intention of the committee to amend the Banking Act format support the banking sector and its development through the addition of new proposals and delete some paragraphs obstructing the work of Iraqi banks.
said Hadi said 'parliamentary Finance Committee held a symposium discussion as a workshop for restructuring banking sector in the presence of some bank managers Iraqi government and private and Chairman of the National Investment and a number of deputies in the two financial and economic experts and specialists and offered their opinions and suggestions about the possibility of the development of the banking sector and promotion.
Ministry of natural resources in Kurdistan: breach of any provision of the terms of agreement with the Government on oil and gas means a breach of the agreement fully Friday, 14 September 2012 18: 40
Erbil: Ministry of natural resources in Kurdistan breach any of the terms of the agreement between the Governments of the Kurdistan region and the Federal Government on oil and gas means a breach of the agreement.
The Government said in a statement sent to Kurdistan [where] on "essential points have been agreed between the two sides at the meeting yesterday, led by Deputy Federal Prime Minister Nuri Shaways held rose Thursday meeting chaired by rose Nuri Shaways, Deputy Federal Prime Minister and in the presence of Federal Finance Minister and Federal Oil Minister and Commerce Minister and head of the Federal Office of financial supervision and federal natural resources Minister in the Kurdistan Regional Government, the meeting was positive and fruitful."
Member: Finance Committee plans to amend the Banking Act format supports the Iraqi banking sector 14.9.2012
Baghdad (news): said a member of the Finance Committee National Alliance MP Amin Hadi, the intention to committee to amend the Banking Act format support the banking sector and its development through the addition of new proposals and delete some paragraphs obstructing the work of Iraqi banks.
said Hadi (of the Agency news) Friday: that parliamentary Finance Committee held a symposium discussion as a workshop for the restructuring of the banking sector in the presence of some bank managers Iraqi government and private and Chairman of the National Investment and a number of deputies in the two financial and economic experts and specialists and offered their opinions and suggestions about the possibility of the development of the banking sector and promotion.
High value of the Iraqi dinar against the UAE dirham in the banking market Dubai testament to the strength of the national economy 09/14/2012 14:29:21 Friday
Baghdad (news) : The financial expert on behalf of Jamil, the Iraqi dinar began recovering after the rise in the value of demand in the GCC banking markets, indicating that the dinar has appreciated either UAE dirham in Dubai banking market rate (0.26%) testament to the strength of the national economy.
said Jamil ( the Agency news) Friday: The currency is the face of the economy when the Iraqi dinar powered in another currency is the currency "dollar" shall be there in return pumping Iraqi crude oil and an increase in exports, especially since there is a high priced oil in the world markets, adding that Almarbin in States experiencing avoid its economy are buying the Iraqi dinar.
Kurdistan to keep Sept oil output steady in Baghdad deal Reuters September 14 2012
BAGHDAD (Reuters) : Iraq's autonomous Kurdistan said on Friday it would keep its oil production for export at 140,000 barrels per day this month before raising it to 200,000 bpd for the rest of the year, as part of a deal with Baghdad to end a dispute over oil payments.
Under the agreement, Baghdad will also pay 1 trillion Iraqi dinars or around $857 million for foreign companies working in the Kurdish region, the Kurdistan Regional Government said.
The deal, first announced on Thursday, will resolve only part of a broader feud between Baghdad and Kurdistan over oil and territory that has involved major companies including Exxon Mobil , Chevron and Total .
Expert: pumping dollars to market heavily to stimulate owners of banking offices to raise its value against the dinar 09/14/2012 07:38:06 Friday
Baghdad (news) : Chief Economist Abdel Moneim Kazaz, that pumping large amounts of dollars and sold to banking offices in order to reduce the value of the dollar against the dinar helped encourage money laundering and exploitation of some banking offices owners citizens to raise the exchange rate of the dollar.
Said Kazzaz (of the Agency news): The holding central bank reduced the exchange rate of the dollar against the Iraqi dinar by injecting large amounts of banks and sold to banking offices stimulate owners to seek to profit by raising prices of the dollar against the Iraqi dinar to exploit citizen.
Currency and restructuring real substance to improve their scientific value Thursday, 09/13/2012 06:33 am
d. Ikram Abdul Aziz Abdul Wahab : macroeconomic data showed the Iraqi and the existence of a state of increasing the gap and the imbalance between the cash market and the real market (goods and services), and the labor market and the whole cast a shadow on the reality of economic activity
Through the sidelines inflation translator higher general level of prices and its impact on the purchasing power of citizens and on the overall course of economic action and the increasing unit imbalance in light of the survival economy unilateral influenced by the size of foreign demand for staple and basic dynamics of the Iraqi economy, which is oil, with the continued survival of the Iraqi economy unbalanced sectoral and limited and weak effectiveness of most sectoral activities and economic development, all of which of course reflects the state of the Iraqi economy overall micro level, and exclusively reality monetary and banking, the statistics showed the CBI if to highlight the topics of liquidity, currency and banking performance, the average liquidity ratio Iraqi banks working 51%, which exceeds the ratio standard of 30%, on the other hand, the data banking activity shows that the volume of deposits with banks weak about the size of currency in circulation, where it is at best that the proportion of depositors and customers with banks 20%, while 80% them prefer cash deal to deal with the banks, reflecting the absence of banking awareness among citizens in the form that compels him to keep cash in order to avoid any occupation or disorder or potential losses.
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The below posts were in our 6pm email
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So now we must ask who benefits, assuming that risk is not a primary factor, with an entry at a lower rate. Clearly, assuming that all dinars will become foreign reserves, as Saleh stated, the largest beneficiaries are the central banks that receive those dinars. The more they receive at lower rates, the greater their "wealth" as the rate rises.
The CBI, however, will NOT benefit from an entry at .00086 any more than it will with an RV at $1. Why? Because, as Saleh said, the dinars do not come home. Neither will the dollars paid for the dinars. The CBI has ALREADY SOLD these dinars.
It will not be paid AGAIN for them, since they won't be coming back home to Iraq. So the CBI does not benefit, regardless of the rate, when the dinar goes international. Perhaps, though, they may benefit in another way. Stay with me. ...
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The IQD Team Investigate, Question & Deliver Thursday, September 13, 2012 Highlights/Summary & Replay of Conference Call THE HEAT IS ON!!!! Conference Call Replay - Sept. 13, 2012 Download/Playbackor 760-569-7699 Pin 769478# Recap of the News tonight (Listen to the recording for all of the detailed analysis of the articles discussed after each news article from the list at the bottom - the following is just a brief Recap) RECAP CBI/ECONOMY STRAIGHT TALKIN MIKE Brief recap from the articles we read and discussed tonight..... CBI definitely has some help - people riding in on their white horses - The World Bank and the IMF came in and talked to Nujaifi We discussed an article that said the Central Bank is independent and they shouldn't interfere- saying we are not interfering with it in the Parliamentary level....we are just keeping you guys out there - its nice to see Read More |
The below posts shaded in green
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Expert: investment is the best way to solve the growing housing crisis Friday 09/14/2012 06:09 am
Baghdad / term : according to real estate expert Haidar Al Shammari inadequate distribution project housing loans to citizens through a housing fund to solve the housing crisis, but he weigh rests with the state. Shammari said, according to (Olokulhalabaria news): The housing crisis in the great Iraq and stifling and constantly increasing intensity as a result of increasing population growth rate every year, noting,
That the solution to the crisis need to be a comprehensive strategic plan by encouraging investment and the entry of global companies to create residential communities across the country. He noted that the draft distribution of housing loans to citizens is not enough to solve the housing crisis in Iraq being compounded annually Each province needs about (100) thousand units per year, according to statistics of the Ministry of Planning.
Pressures on the company executing project stopped Mansour Central Market 09.14.2012 11:24 AM
Ali Salman : Announced the company executing the project Mansour Central Market stop work on this project as a result of the pressures exerted by the General Company for Central Markets.
The Managing Director of the UAE's energies to invest Arif Abdullah Arif said work stopped Mansour Central Market project because of the pressure exerted by the General Company for Central Markets. (To him)
Aref said: great pressure exercised to leave work in this project, which reached a completion rate of 60% has been disbursed amounts of up to $ 12 million.
He director of the company executing the project out there that appeals addressed to the official bodies to save this vital project, but to no avail.
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Dinar Recaps
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About Us
We are Iraqi Dinar Investors who Tweet and blog the latest Dinar information gathered from public forums, chat rooms, and blogs. Our Blog posts are e-mailed in this Recap Newsletter.
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