DINAR RELEASE

Sent: Saturday, December 20, 2014 11:11:51 PM
Subject: DINAR RELEASE

TODAY VARIED POST FROM A VARIETY OF RESEARCHERS . FOLKS EVERYWHERE YOU LOOK AND ALL THE DIRECT NEWS ARTICLES MILLIONDAY AND OTHERS BRING US ARE ALL IN AGREEMENT THAT JAN 1 IS THE DAY OF COMPLETION AND IRAQ BECOMING GLOBAL. I AM HEARING FROM GOOD HONEST PEOPLE THAT WE COULD HEAR THE RATE PRIOR TO THAT DEADLINE BEGINNING FROM THE 20TH ON TO THE DEADLINE OF JAN 1 ... MY BLESSING TO ALL OF YOU WE ARE ABOUT TO BECOME THE WINNERS I HAVE BEEN TELLING YOU THAT YOU ARE.

POPPY3

Backdoc - LOOKS LIKE THEY ARE IN A HURRY TO COMPLETE ALL THE LAWS AS THEY SAID IN ONE BASKET!  WITH ALL THE ARTICLES CONFIRMING THAT COUNTERFEITING WAS NOT A SERIOUS PROBLEM AND THAT WE WOULD HAVE AT LEAST 4 YEARS TO EXCHANGE CONFIRMS THE COUNTLESS ARTICLES WE HAVE SEEN IN THE PAST THAT OUR CURRENCY WILL HAVE FACE VALUE!  IN YESTERDAYS ARTICLES THEY ALSO MENTION THAT THE CURRENCY CHANGES WILL OCCUR IN STAGES, SO AS NOT TO DISRUPT THE CURRENCY’S STABILITY AS WELL AS MAKE IT A SMOOTH TRANSITION FOR THE CITIZENS AND BUSINESSES! 

SO I ASK YOU, DOES THAT SOUND LIKE THEY WOULD DO A FREE FLOAT STARTING WITH .10 OR .30?  DEFINITELY NOT!  THIS WOULD DISRUPT BUSINESSES WITH RATES CHANGING MINUTE BY MINUTE AS WELL AS THE INCREDIBLE DAMAGE IT WOULD DO TO THE CURRENCY BY DEVALUING IT BY DESTROYING THE NOTE COUNT!  WE MAY NOT SEE A BIG NUMBER OUT OF THE GATE BUT CERTAINLY OVER A DOLLAR IS RATIONAL TO ENCOURAGE THE CITIZENS TO USE THEIR NEW HIGHER PURCHASING POWER!
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Tlar - Things to consider when thinking about an intro rate. The GCC goes live Jan 1st.  When Iraq becomes an active member in the GCC, the rate of the Iraqi dinar will be instrumental in trade. The budget goes live Jan 1st.  The COM and parliament aren’t arguing or discussing the budget.  They are in agreement on  everything which is why the HCL has also been agreed upon.  Until there is a rate we won’t see the budget passed.  The HCL goes live Jan 1st.  The Kurds and Bagdad have said in articles its done just waiting passage.  ALL the hard issues that have separated them are resolved and it has also been published to go into effect on Jan 1st here in our papers.

Iraq opens for Global business with new laws Jan 1st.  The thing that will bring all this together now is the currency.  The coming announcement eluded to the fact that it would be historic and tie all the economic plans, programs and institutions together.  Name anything else other than the currency that could achieve this effect. Iraq becomes a donor country a year late, Jan 1st.  Other things to consider – The IMF said their work is done in Iraq.  The IMF is the  guardian and sheriff of world currencies.  Iraq will definitely be better served by showing true value verses an arbitrarily low start rate. I think the CBI would be better served starting at this time to open what ever they determine true value is at this point.  The 2008 strategic study suggested they could support $1.13 when they were producing only 1.5 MBPD and the reserves were in the low 30 billion range.  Alot has changed since then.  Even with the present problems in the country I am sure these 2008 numbers no longer apply.  I still believe the reality rate will be north of $3.00.
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Enorrste - Prior to the Saddam Hussein regime, in the early 80s, the dinar was worth $3.22 and it was internationally recognized. When Saddam took over, the currency was no longer recognized internationally.  He held the value at about $3.50 per dinar but it was not “real”.   Then, after he was deposed, the UN reduced the value to 4000 dinars per dollar to “defund” Al-Quaeda.  It has since come up from 4000 to 1 to the now 1166 to 1.  The CBI stated in 2007 that its intention was to return the value to what it was prior to the Saddam regime.  They said it was a 5 year project.  Then in 2010 they re-iterated the plan with the expectation that it would be implemented beginning 2012.  Maliki threw a poker into the “plan” and stopped it.  Now that he is gone the CBI is prepared to implement the plan, which includes an eventual RETURN to a PREVIOUS real rate of at least $3 per dinar.  I don’t make these things up.  I have the original articles…
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Hocus Pocus - [...what's going on in the sandbox?]   i had a nice chat with the barber today…he was talking to his brother in iraq…and seems there is some interesting news being broadcast at fairly often intervals about iraq soon to have a more valuable currency…he seemed to be pretty excited about it.  he told me last week that a lot of the vendors would like to have dinar as payment more that dollars now.  they think something is up to want the dinar more now in anticipation i suppose.  he sure is thinking that things are moving the right direction. Up to now he has been saying yeah whatever.

Tlar - We know the CBI is not waiting on the budget.  They have told us that with or without the budget being passed, they will do this when they feel the time is right.  We also know that laws are important but laws are political and new laws will be being introduced, modified and changed for eternity.  So I don’t believe we are waiting on any law at this point. The HCL has been reported as done as far as everything that was needed to be agreed to by both Bagdad and Erbil, and will be implemented Jan 1st  as has even been reported in our Washington post.  So what’s the hold up?  It is my belief…that there is no hold up.  The CBI IMO has made a strategic decision to open the new rate on or just before the first of next year to be active with the new budget.   They were so close to the new accounting period they decided to wait.

I personally believe and have always believed they would have to make an announcement the evening before the day of, or just hours before they change the currency. This announcement would naturally have to be well publicized in order to remove as much risk as possible vendors taking advantage of the population, so there will build up to this announcement maybe calling it an “historical event” or other catch phrase.  It would have to get everybodies attention.  This was one of Shabibi’s major concerns is vendors taking advantage and on the day the value changed an unwitting Iraqi still paying 1000 dinar for that apple.
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Frank26 - Budget… HCL and many laws … Payments in dinars… Etc all are ready … They only WAIT for implementation!
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Poppy3 - …NO GUARANTEE BUT PAY VERY CLOSE ATTENTION TO THE DATE OF DEC 22 FROM THREE DIFFERENT PEOPLE.  I AM CAUTIOUSLY OPTIMISTIC BECAUSE WHILE KNOW IT IS VERY POSSIBLE WE CAN’T GET TOO EXCITED ABOUT RUMORS EVEN WHEN THEY COME FROM VERY GOOD POSITIONED SOURCES.  I WILL BE VERY SATISFIED WITH HEARING A SOLID RATE AND NOT CASHING IN TILL THE BEGINNING OF JANUARY. I PLACE ZERO ATTENTION TO THE OIL PRICES EFFECTING THE RATE BECAUSE…THE OIL PRICES PER BARREL WHEN SADDAM HAD THE DINAR RATE AT $3.22 WAS JUST @ 31.00 A BARREL.  DOESN’T EFFECT THERE INTRODUCTION MARKET RATE.

I DON’T THINK THERE IS A DATE…I DO BELIEVE THEY HAVE CERTAIN THINGS TO SATISFY THE PERCEPTION OF STABILITY TO THE CBI AND WHEN THEY ARE SATISFIED BAM THEY WILL RELEASE WITHOUT FANFARE OR WARNING. …NO ONE WILL KNOW ANY DEFINITE TIME OR DATE PRIOR TO THE RELEASE PERIOD. THIS IS FACT— LESS THAN 5 PEOPLE IN AMERICA WILL KNOW THE RATE AND DATE ONLY 15 TO 20 MINUTES PRIOR TO IT BEING KNOWN GLOBALLY AND THIS IS FACT PERIOD.  …THESE PEOPLE ARE MEMBERS OF THE TOP MANAGEMENT OF THE UST, IMF AND MINISTER OF FINANCE ALL GOVERNMENT OFFICIALS AND IF THEY ARE CAUGHT LEAKING IT THEY ARE IN HUGE TROUBLE.  THESE PEOPLE DON’T PLAY GAMES.
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Enorrste - …the street rate and official rate must be within 2% of each other PRIOR to allowing Iraq to move from Article XIV to Article VIII.  This is a fundamental pre-requisite to making that move to Article VIII… The fact that the CBI concurs that it is doing what is necessary to get into compliance is also very encouraging.  To me this is an indication that we are “coming down to the wire.”  I do not believe they will be allowed to move to Article VIII prior to completing the 90 days of stable currency.  Having said that, however, I still hold out the very real possibility that they will begin the float prior to moving to Article VIII.  This only makes sense, because, as I noted earlier, once they float the currency then the official rate and the street rate become identical.  I am cautiously hopeful that the float could begin in mid or late January.
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tlm7 - Press Release:  “The Governing Council of the United Nations Compensation Commission, under the Presidency of Australia, held a special session today to consider the issue of the level of Iraq’s contributions to the Compensation Fund.”   Iraq got their wish…they got their one year.   This one year reprieval frees up a ton of dough and takes some of the pressure off of Iraq!  I’ll bet money that Zebari and the gang are like whew now lets get that budget passed.  …it’s great news.
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WMAWhite - …just a reminder that ALL prohibitions against Iraq and the assets of the Central Bank of Iraq were terminating on May 17, 2014.   Here is some of the text:   QUOTE:  “The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003”  Terminating the Prohibitions, meaning that all financial prohibitions that have prohibited Iraq from conducting their own financial transactions have been lifted. Iraqi is now free to re-enter the world markets. Banks worldwide are now able to conduct financial instrument transactions, transfer companies may now be approved to work directly with the CBI, Article IV and Article VIII of The Article of Agreements should now be completed or soon will be.  …the important part of this announcement was that it was published via the Office of Foreign Asset Control… (OFAC)…these are the folks that tell our financial institutions who they can do business with.
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Mailman17 - IRAQ HAS BEEN PEGGED FOR THIS RV FOR A LONG TIME.  ALBEIT IRAQ HAD A HELL OF A CLEANUP TO DO AS IN CORRUPTION AND MONETARY AND ECONOMIC STABILITY, BUT THEY ARE DONE. THE PTB HAS HAD THIS PLANNED AND IT WILL GO FORWARD, AND NO LITTLE 2% STIPULATION IS GONNA STOP IT. THE IMF HAS IN PRINT SIGNED OFF ON IRAQ. IRAQ HAS MADE THE LAST HURDLE TO TRUE SOVEREIGNTY AND THEY SHOULD TAKE THE STAGE TO THE WORLD JAN 1.  PEOPLE SHOULD FOCUS ON MORE THAN 1 ARTICLE AND LOOK AT THE WHOLE PICTURE.  LOOK AT ALL THE PIECES TO THIS PUZZLE. IMO…WE ARE DONE…THEY WILL DEAL WITH MALIKI AND THE OTHERS DOWN THE ROAD BUT THEY ARE NOT THE PRIORITY RIGHT NOW.
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Millionday - THE MEETING WITH THE UN ON THE KUWAIT MONIES WILL BE DONE TOMORROW [THURSDAY].  THE BUDGET WILL GO TO PARLIAMENT ON THURSDAY… AND WE HAVE THE CALL FOR ALL REFORMS TO BE ACTIVATED.   WE WILL SEE WHAT COMES FROM THE MANY MOVES WE SEE COMING DOWN THE PIPE WITH THE STOCK MARKET AS WELL.
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tman23 - The Qi card holders are being told that they will be able to use them in ATM’s outside Iraq “soon”…I am following activities but news is all vanilla…IMO we are in the moment of any day now!!  IMO I will be red hot ready between the 27th and 1st if it doesn’t show itself sooner…I am expecting that if Iraq is to go international that they will initiate the change the last week of December…And before New Years opening markets.