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try clearing your catche files
ema - Proof NO LOP!
This is right from the CBI to the banks and this would be impossible to do with a Lop.
Republic of Iraq
Central Bank
of Iraq
Directorate General of the banking and credit control
Issue 9/3/1216
Date: 10/3/2010
To the banks approved the exercise of all banking
The country's Islamic Bank for Finance and Investment
M / capital increase
-------------------------------------------------- ----------
Based on the decision of the management of the bank adopted its session numbered 1454 and held on 18/2/2010
Oblige you decide to raise capital Massarvkm to 250 billion dinars during the period (3) years from the date of the decision of the Council above and as follows: --
- 100 billion dinars during the one year of the Council's decision.
- 150 billion dinars during the two years of the Council's decision.
- 250 billion dinars during the three years of the Council's decision.
- In the case of non-completion of capital to the extent possible within the period specified above cancel leave granted to the bank based on the provisions of paragraph (d / 1) of Article (3) of the Banking Law No. (94) for the year 2004.
With appreciation
Director-General and the agency
To monitor the banking and credit
Idi Walid Abdel Nabi
http://72.52.252.89/isxportal/portal...ryId=83&type=1
Sponsored: Iraqi Currency Dinar Currency Iraq Dinar Dinar Trade
New Iraqi Dinar Dinar Exchange Rate Buy Dinar Investing in Iraqi Dinars
lolo
any Ideas
whick one you like the best
Get ready, we will soon see . ...
YFinder's - If I may use our currency as an example: But first, let me say that we only see 100.00 bills as the largest, in-circulation currency.
We used to print of $500, $1,000, $5,000 and $10,000 bills, but they were mainly used for bank transfer payments and are no longer needed in our digital age.. I quote " While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received."
Think of the LOP as the same thing... right now with 1 IQD = .0008xx USD, you MUST use a 10K bill or greater to pay for things becaues it takes SO MANY DINAR to do it. Japanese Yin, Lira, etc... (all before they did the same thing.) I personally remember being in italy and a meal costing several thousand Lira... lol... but it only cost us a few dollars USD.
So, as you can see... IF someone makes a mistake and tenders you a 1000.00 bill (that could still be in circulation and has escaped recovery by the treasury.) It is legal tender and you will be one very lucky person.
It's as I said before; their govt will 'capture' these bills as they are turned in and slowly remove them from circulation. Your's will still retain face value... The real question is at what exchange rate? 2:1, 2.6:1, <Gasp> 3.x:1?
If they did NOT take these out of circulation, who could make change for them anyway? it's hard enough here in the US to get change for 100.00 bills let alone a 1,000.00 bill.
here is the link to OUR treasury department and It's my hope that our past will make our IQD future easier to understand. The money we HOLD will not change, but simply be replaced as it's 'cashed in.'
Go Dinar - Soar like an eagle on the wings of Freadom!
U.S. Treasury FAQ's
Oh, and what we PRINT each day:
Production
yes they are def low for sure. But your intent to show ... suggest that the real effective exchange rate is lagging is just another ploy and goes against what the CBI has stated. So the IMF posted a report so what. They ALSO lent the CBI 3.86 Billion
no you don't, you have had a hidden adjenda from day one. And you know what I am saying. I have been jere since the beginning. That is the reason I was banned because I would not allow you to spread your crap. Well bud the ride is nearly over dude. You will end up spreading your last crap to a rumer board that no one posts on.
So! the DOW JONES NEWSWIRE creats links that do not work ... lololo
this is to much fun, but I have to go for the night. Last post
lololo LMAO and "YOU" are telling the leaders of this country that you have a beter way. YET!!! you spend time on a message board making no money when you could be earning hundreds of thousands running countries ... lololo That was a good one Aero
Guys - Zero Lop or Zero Lopping the Dinar Analysis
Zero Lop or Zero Lopping the Dinar Analysis
Dinar into Dollars - [7/13/2006]
EVEN BACK in 2006 they were not talking LOP
Both Russia and Afghanistan are countries who have zero lopped their currency.
Lets look at their situations in relation to the Iraqi Dinar and the speculation and
rumors about Iraq doing a zero lop on their currency:
Afghanistan had 4 types of currency in circulation as a result of a civil war. It was
unknown how much of each was in circulation. For the people and the
government, this was a very difficult situation. As a result, the currency kept
losing it's value. They needed something both credible and efficient to use as
currency. You did not want people carrying around bags of money since
everything is cash based. Their zero lop happened at the same time as they
printed new currency to replace the confusing mix they had before. This ensured
everyone had the same currency, there was a known amount in circulation, and
people could buy and sell things with few notes. It has little in common to the
Iraqi Dinar and the speculation about the zero lop. Iraq has already
printed and established a single national currency, with secure features
and knows exactly how much is in circulation. The Dinar denominations are
already designed to carry high or low values without carrying around sacks of
money. It makes no sense for them to change the face of the currency, when
they are talking about increasing the value to fit their economic goals.
Russia performed zero lopping to their currency in 1998. They did this in
response to hyperinflation and to restore confidence in their currencies structure
and value. Iraq has roughly only 20% inflation. Russia also had denominations
that went too high - they had denominations of 5k, 10k, 50k, 100k, and 500k -
which were replaced with denominations of 5, 10, 50, 100 , and 500. In
comparison, Iraq's highest denomination is the 25k and has denominations all the
way down to 25 Dinar. If Iraq did zero lopping off the structure of the bills,
they would overlap denominations that already exist. This does not make
sense or fit the stated goals with the Iraqi Dinar. It seems that a zero lop, or
zero lopping would not occur with the denominations of the Dinar, but by
increasing it's value with a revalue that would benefit their economy and their
poor in a positive way.
http://www.iraqdirectory.com/DisplayNews.aspx?id=1677
lolololo Error 404: Not Found
Again Guys ... Aero has no credable link into the scorce of his claim. The scorce he is showing is not a credible scorce. He said, "Can't get much clearer." meaning a LOP, THAT IS NOT CLEAR But the CBI "Can't get much clearerer" when they say the .000 notes will be "Graddualy removed through out 2010. That you can find on their web page.
In a LOP you must reprint new bills to replace the devalued ones and remove the old notes at a much quicker speed. The CBI is removing those notes through out this "WHOLE YEAR"
Comparing other places to Iraq is not smart. The reason is we have a "NOVEL" situation here with many possative things that sets Iraq appart from those other Countries.
====================================================
Points of Great Stride. Iraq's Dinar is doing great.
Iraq "IS 80+% Debt Free" ... WHY WOULD THEY LOP ...
Iraq's Dinar "WILL BE" Globally recognized as a Iraq’s Currency by the first Quarter of 2010 ... WHY WOULD THEY LOP ...
The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. ... WHY WOULD THEY LOP ...
December 15th 2008, Iraq bought back 282.5 billion dinar ... WHY WOULD THEY LOP ...
Iraq became a SOVERIGN NATION on 1/1/09 Countries are forgiving BILLIONS of Iraq's debts ... Which will mean Iraq would be close to Debt Free with their NEW START ... 80+ percent reduction on sovereign debt ... WHY WOULD THEY LOP ...
Inflation went from 74% down to 14% 13.6% sinse last year ... A Major Plus ... WHY WOULD THEY LOP ...
The U.S. Federal Reserve (A Private Company) did in fact exchange 7.5 Trillion IQD for $5 Billion USD to accumulate $100 Million per year in Interest via U.S. Treasury Bills for Iraq. ... WHY WOULD THEY LOP ...
They have to buy 5 Oil Tankers - How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP ...
They have under contract to buy 5 new Jet Liners (10 - 787's) - How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP ...
They said in 2008 they are to revalue the currency, but they can not because they need to get through options ... they are looking to drop 3 zeros ... WHY WOULD THEY LOP ...
Inflation has also is the lowest in 17 Years ... WHY WOULD THEY LOP ...
IRD has increased in value since 2003. From 2000.00 to current 1170.00 ... WHY WOULD THEY LOP ...
IRD is the most secured currency in the world from fraud. ... WHY WOULD THEY LOP ...
IRD is new, and the only currency in Iraq ... WHY WOULD THEY LOP ...
Botat -
What if any chance do you see all this hold out regarding the Dinar due to that they are looking into joining Saudi's Kuwaiti's etc in forming new middle eastern currency.
WayneC777 - NONE, the reason is
1 - that process would take to long and Iraq is under a time crunch
2 - we would have heard of this before now
3 - The Saudi's are not doing well. They are just keeping up what they have
I've been reading around and there is few people talking about this. You know what they say, when it's quite it's bad.
WayneC777 - No! I also know when its quiet it can show up good as well.
Just a thought trying to figure out who would benefit the most. Saudi is lower than the dollar but Kuwaiti us higher than the dollar. Wondering what they would do here.
WayneC777 - Remember the Eleit is alining up for a one world Government.
I know Kuwait doesn't want to lose value. Seems to me this would be the better deal for us, no?
WayneC777 - It does not matter ... NOW Matters
Another post that Google does not work from Aero. So this means that any info that does not come from the CBI or uses the credible since to repost from the CBI is nothing but a want to be BS business out to creat deceptions to twist facts, causing confusion.
machcobra's - I disagree, I think at this time they don't want to piss off their people but to gain trust in them. I also think they do not want to piss off Countries like ours that have helped them get through this mess and hold a large amount of dinar!
I also feel they have so much black gold and should I say EASY OIL that they can revalue way higher with no lop!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47824082
lolo no kidding dude, I am lauphing at the relation of JF being in Congress
Ya!! I always go to these points, when I start thinking off
Points of Great Stride. Iraq's Dinar is doing great.
Iraq "IS 80+% Debt Free" ... WHY WOULD THEY LOP ...
Iraq's Dinar "WILL BE" Globally recognized as a Iraq’s Currency by the first Quarter of 2010 ... WHY WOULD THEY LOP ...
The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. ... WHY WOULD THEY LOP ...
December 15th 2008, Iraq bought back 282.5 billion dinar ... WHY WOULD THEY LOP ...
Iraq became a SOVERIGN NATION on 1/1/09 Countries are forgiving BILLIONS of Iraq's debts ... Which will mean Iraq would be close to Debt Free with their NEW START ... 80+ percent reduction on sovereign debt ... WHY WOULD THEY LOP ...
Inflation went from 74% down to 14% 13.6% sinse last year ... A Major Plus ... WHY WOULD THEY LOP ...
The U.S. Federal Reserve (A Private Company) did in fact exchange 7.5 Trillion IQD for $5 Billion USD to accumulate $100 Million per year in Interest via U.S. Treasury Bills for Iraq. ... WHY WOULD THEY LOP ...
They have to buy 5 Oil Tankers - How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP ...
They have under contract to buy 5 new Jet Liners (10 - 787's) - How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP ...
They said in 2008 they are to revalue the currency, but they can not because they need to get through options ... they are looking to drop 3 zeros ... WHY WOULD THEY LOP ...
Inflation has also is the lowest in 17 Years
Kids are playing in the streets now.
and more, its worth your time ... later
IRD has increased in value since 2003. From 2000.00 to current 1170.00 ... WHY WOULD THEY LOP ...
IRD is the most secured currency in the world from fraud. ... WHY WOULD THEY LOP ...
IRD is new, and the only currency in Iraq ... WHY WOULD THEY LOP ...
you remember those days ...
The John Fleming Healthcare Report
Oh! chit mang, this is to much lolo
Add us to your Address Book! Add john.fleming@congressnewsletter.net to your address book now to ensure your newsletter always get delivered.
john.fleming@congressnewsletter.net
Reply To: 2100055379.596047.634@congressnewsletter.net
To: WayneC777@aol.com
http://fleming.congressnewsletter.net/mail/util.cfm?gpiv=2100055379.596047.634&gen=1
"Novel Event" is majorly correct ...
We are a witness and apart of HISTORY here. We will be asked from many what happened because we are so close to the details. W have invested into something that will never happen again to this degree. So yes "Novel Event" is a good description of it.
That is from the Iraqi Government.
Rate for contracts $1.13 official rate $3.20
This official study done by the Iraqi Ministry of Planning says the official exchange rate for the Iraqi Dinar is $3.20 but calls for the use of a lower rate as per this study and that lower rate is $1.13
You will see that this rate came from the Iraqi Ministry of Planning!
This came right from the Government of Iraq and this most recent study presented here was from October 2009 and is the second one I have seen presented in 3 years.
The Exchange Rate of Foreign Currency in Economic Feasibility Studies Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.
=================================================================
Ministry of Planning government of Iraq
Estimate the shadow price of foreign currency:
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.
The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.
* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.
In particular the following outputs and inputs of foreign currency were distinguished:
·Export-outputs.
·Outputs marketed locally that substitute imports.
·Imported inputs.
·Inputs produced locally that usually go to exports.
·Foreign labor.
According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.
In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).
In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.
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.
The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:
·The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
·The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
·The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.
·The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
·This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.
And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.
3.Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
http://www.mop-iraq.org/mopdc/index.jsp?sid=1&id=308&pid=295
FXCM - has numbers on it now
IRAQ DINAR ...
on the EUR/USD and say Add
Then type in IQD, then hit Search
then Highlight the two when they come up and tell it to add
http://www.netdania.com/Products/live-streaming-currency-rates-foreign-exchange/real-time-quotes/QuoteList.aspx?m=q#
FXCM - has numbers on it now
on the EUR/USD and say Add
Then type in IQD, then hit Search
then Highlight the two when they come up and tell it to add
http://www.netdania.com/Products/live-streaming-currency-rates-foreign-exchange/real-time-quotes/QuoteList.aspx?m=q#
let the other board know
DO YOU SEE IT
Right Click on the ip EUR/USD and say Add
Then type in IQD, then hit Search
then Highlight the two when they come up and tell it to add
because of strongtower, stockmavin. O but I cant forget 'Dakota Dad' lolo. I know strongtower and have talked to stockmavin a few times. Nothing big but you can put me there also. Its just a message board.
I had this board as a short cut in my favorites anyway. But I do not remember why lolo
Well that make two of us then lolo.
Bud the CBI has told us themselves that they will remove the three zero's. I am mearly giving you something to think about in the area of not being the norm. We do not know what the norm is. Besides, the IMF cam also have creative financing. There is absolutly nothing wrong with that. You need to listen to youeself and step out of that box bud.
is there something sturring here or have there been posts for no reason lolo
I can not PM bud
Give me your "resume". This is a real high-paying job! :)
lolo your kiding rite lolo this is a message board.
It was appearing that something was going to be starting. I was going to start paying attention to what it was. Nothing major at all.
Resume ... lolo ya ok
Besides, I was asking to PROVE ME WRONG, not give an opinion.
and what your missing is the normal way of funfing a deal IS NOT what they are doing. They have got createive here and are using their advantage to starting a new Country with a different way of financing. On paper they have debt forgiveness but behind the scenes on computers they have data that is udes in stead. You can not think the same old way here. NOTHING is as done this way before. No one here knows the deal that was made behind the scenes.
Look sparkplug, Our own Government is not going to buy all that Dinar to get it LOP'ed, it aint gona happen. Trump has bought in at 30M. If they do show a debt, then its Interest Free to them selves. They could set one oil well aside to bring it up.
Guys ALL HERE must step out of the "NORMAL BOX" to see that other avenue because it is NOT THE NORM!!!
This is MAJORLY Creative Financing, and is not normal.
We are a witness to something that has Never been done before AT ALL so take off the normal colored glasses guys
they should ... wow old post