Hi all!
I've been monitoring the news throughout the day today, but there just isn't much that is noteworthy. Since I haven't posted much at all today, I'm not going to create a summary tonight. Let's see if tomorrow brings us more interesting news, or better yet, the RV would certainly be better!
Take care,
J
Sunday, February 27, 2011
2-27-11 Nujaifi calls for provincial elections in 90 days
Highlights/Thoughts
Click on the title of this posting to get the details of this posting on DV (membership required)
1. Anti-government protests are set to continue across Iraq amid repeated calls for reform
2. Nujaifi called for new provincial elections within 3 months
3. Al Jazeera's Jane Arraf said that Nujaifi's comments are a sign that politicians in the country are taking notice of the protests
4. She also said it would be 2 years early to replace provincial councils
5. She added that anger from the protesters is mainly directed at local officials
Click on the title of this posting to get the details of this posting on DV (membership required)
1. Anti-government protests are set to continue across Iraq amid repeated calls for reform
2. Nujaifi called for new provincial elections within 3 months
3. Al Jazeera's Jane Arraf said that Nujaifi's comments are a sign that politicians in the country are taking notice of the protests
4. She also said it would be 2 years early to replace provincial councils
5. She added that anger from the protesters is mainly directed at local officials
2-27-11 RV FACTOIDS SUPPORTING 3/1/2011
Highlights/Thoughts
Click on the title of this posting to get the details of this posting on DV (membership required)
From PD, encouraging RV factoids supporting 3/1. Not summarized as this is a listing.
- UN revalues many nation’s currencies on the 1st of March 2011
- Government of Iraq (GOI) budget is now official and goes in effect on the 1st of March 2011
- Arab Summit is scheduled for the 29th of March 2011 (not the 23rd), Iraq needs to be a member one month prior (Feb 28th 2011)
- Iraq is hosting the Arab Summit on March 29th 2011 (Clear sign that they will do what it takes to become a member of the WTO )
- Iraq MUST RI or RV in order to become a member as per WTO special request on Iraq.
- It is confirmed that US banks have had extra physical cash in their vaults ready for IQD RV – they were going to return the reserves,
but were told by the Federal Reserve to cancel the return order. This is an indicator that it is imminent.
- The Iraqi budget for 2011 does not supply the contracts with the amount of money necessary for all the projects outlined pre-RV
(can’t pay them at 1170 or .00086 – 1/10 of a penny) – (82.6 billion dinars is not a lot of money pre-RV. Post RV, the new rate of
exchange will be sufficient monetary support all of the existing 3500 contracts as per Iraqi Government )
- China leaders signing off to the RV in Iraq on Feb 24th 2011, a huge indicator that everything is ready to go. ( US’ debt to China
will be paid off to some degree by this IQD RV as US holds 3 Trillion USD in their reserves. Confirmed! )
- With the hyper inflation rising in Iraq , come 1st of March, the large denominations will have to be recirculated again which will be
almost impossible since most, if not all large denominations recovered, were shredded by the CBI and they can’t afford to print new
bills AGAIN.
- Iraqi Borders are being strictly monitored for incoming and outgoing planes and anyone holding Iraqi Dinars which is a pre-cursor for
and RI or RV
- Protests in Iraq proves beneficial: The protests there have caused inflation in the country on many levels leaving the Government
with now choice but to RV their currency to regain stability otherwise it would be imperative to reissue the larger denominations.
- The US Treasurer and the World Bank were in Iraq this week to sign off on the RI or RV as well . Good news there!
- GOI positions are all filled — everything else is just smoke and mirrors otherwise the budget would have been approved and official
in the distant future. SAFE to note that the GOI is seated.
- The Iraqi dinar dealers are now focused on lower denominations being distributed as they are now available for investors.
- More Airports exchange boots are being set up by dealers for this upcoming RI/RV cash in process
- People all over the nation are changing their tune as to the Iraqi Dinar as a “scam” including Major Banks. — how many Us banks
would be buying and selling Iraqi dinars at 1170 without a nominal gain unless they know it will be of some worth in the near future?
- No one knows the rate, however, understanding oil, natural gas, and agriculture being their GDP (Gross Domestic Product), it would be
a huge disadvantage for Iraq to trade their resources with the rest of the world at that rate. Especially considering the fact that
Iraq is striving to regain its status in the world – The rate of exchange has to be at least a re-instated (pre-war rate) of 3.22.
- The IMF (Int’l Monetary Fund) has also been pressuring Iraqi Government to RV…the chances of an RI or RV happening mid-March is a
stretch that the IMF is NOT going to allow.
- Maliki will lose his position as Prime Minister if that happens. ( Rumor until confirmed )
- Maliki’s actual announcement on Thursday, Feb. 24th 2011 to the Iraqi people clearly indicated that Iraq has major plans to improve
on the infrastructure of the country. In order to do so, the country would greatly benefit from a re-valued currency higher than its
current rate of exchange. (We know things are very near) — It would be rather unwise for a Prime Minister to exclaim such plans and
time periods expecting that a 1170 rate of exchange will support his goals for a country as huge as Iraq.
- Maliki said he needed 15 months to get the electricity to everyone, more time for water and the sewers.
- The country has been exchanging oil and paying contractors in US Dollars because they didn’t have a government formed in the past.
Why would a newly formed Government continue to use another country’s currency (USD) dollars when they have their own newly printed
(IQD)? First of all it is very costly to print the initial denominations, and now lower denominations are being circulated. With
lower denominations value being so low, why would they print and circulate low denom’s without the RV near?
- All of the above supports the events about to occur in the very near future. Any time between today and the 2nd of March
- Tell your invested friends. The RV has to happen now!
Click on the title of this posting to get the details of this posting on DV (membership required)
From PD, encouraging RV factoids supporting 3/1. Not summarized as this is a listing.
- UN revalues many nation’s currencies on the 1st of March 2011
- Government of Iraq (GOI) budget is now official and goes in effect on the 1st of March 2011
- Arab Summit is scheduled for the 29th of March 2011 (not the 23rd), Iraq needs to be a member one month prior (Feb 28th 2011)
- Iraq is hosting the Arab Summit on March 29th 2011 (Clear sign that they will do what it takes to become a member of the WTO )
- Iraq MUST RI or RV in order to become a member as per WTO special request on Iraq.
- It is confirmed that US banks have had extra physical cash in their vaults ready for IQD RV – they were going to return the reserves,
but were told by the Federal Reserve to cancel the return order. This is an indicator that it is imminent.
- The Iraqi budget for 2011 does not supply the contracts with the amount of money necessary for all the projects outlined pre-RV
(can’t pay them at 1170 or .00086 – 1/10 of a penny) – (82.6 billion dinars is not a lot of money pre-RV. Post RV, the new rate of
exchange will be sufficient monetary support all of the existing 3500 contracts as per Iraqi Government )
- China leaders signing off to the RV in Iraq on Feb 24th 2011, a huge indicator that everything is ready to go. ( US’ debt to China
will be paid off to some degree by this IQD RV as US holds 3 Trillion USD in their reserves. Confirmed! )
- With the hyper inflation rising in Iraq , come 1st of March, the large denominations will have to be recirculated again which will be
almost impossible since most, if not all large denominations recovered, were shredded by the CBI and they can’t afford to print new
bills AGAIN.
- Iraqi Borders are being strictly monitored for incoming and outgoing planes and anyone holding Iraqi Dinars which is a pre-cursor for
and RI or RV
- Protests in Iraq proves beneficial: The protests there have caused inflation in the country on many levels leaving the Government
with now choice but to RV their currency to regain stability otherwise it would be imperative to reissue the larger denominations.
- The US Treasurer and the World Bank were in Iraq this week to sign off on the RI or RV as well . Good news there!
- GOI positions are all filled — everything else is just smoke and mirrors otherwise the budget would have been approved and official
in the distant future. SAFE to note that the GOI is seated.
- The Iraqi dinar dealers are now focused on lower denominations being distributed as they are now available for investors.
- More Airports exchange boots are being set up by dealers for this upcoming RI/RV cash in process
- People all over the nation are changing their tune as to the Iraqi Dinar as a “scam” including Major Banks. — how many Us banks
would be buying and selling Iraqi dinars at 1170 without a nominal gain unless they know it will be of some worth in the near future?
- No one knows the rate, however, understanding oil, natural gas, and agriculture being their GDP (Gross Domestic Product), it would be
a huge disadvantage for Iraq to trade their resources with the rest of the world at that rate. Especially considering the fact that
Iraq is striving to regain its status in the world – The rate of exchange has to be at least a re-instated (pre-war rate) of 3.22.
- The IMF (Int’l Monetary Fund) has also been pressuring Iraqi Government to RV…the chances of an RI or RV happening mid-March is a
stretch that the IMF is NOT going to allow.
- Maliki will lose his position as Prime Minister if that happens. ( Rumor until confirmed )
- Maliki’s actual announcement on Thursday, Feb. 24th 2011 to the Iraqi people clearly indicated that Iraq has major plans to improve
on the infrastructure of the country. In order to do so, the country would greatly benefit from a re-valued currency higher than its
current rate of exchange. (We know things are very near) — It would be rather unwise for a Prime Minister to exclaim such plans and
time periods expecting that a 1170 rate of exchange will support his goals for a country as huge as Iraq.
- Maliki said he needed 15 months to get the electricity to everyone, more time for water and the sewers.
- The country has been exchanging oil and paying contractors in US Dollars because they didn’t have a government formed in the past.
Why would a newly formed Government continue to use another country’s currency (USD) dollars when they have their own newly printed
(IQD)? First of all it is very costly to print the initial denominations, and now lower denominations are being circulated. With
lower denominations value being so low, why would they print and circulate low denom’s without the RV near?
- All of the above supports the events about to occur in the very near future. Any time between today and the 2nd of March
- Tell your invested friends. The RV has to happen now!
2-2711 Prime Minister Nouri Kamil al-Maliki Address the Extraordinary Meeting of the Cabinet
Highlights/Thoughts
Click on the title of this posting to get the details of this article
1. During the emergency meeting of the Cabinet, Maliki selected a period of 100 days which they will wait before assessing the work of government and individual ministries to see how it succeeded or failed in the assignment of work from today's meeting
2. Maliki said he will make change in light of the outcome of the evaluation
3. He touched on sovereignty and ways to combat corruption, stressing it is the responsibility of each minister to know what is going on in his ministry before they reach the Integrity Commission and other relevant institutions that fight corruption
4. Maliki will announce appointments to the public and not restrict them in a certain department, making it difficult for the general public to see, which may lead to the deprivation of citizens who do not have the means to contact these departments
5. He stressed he would investigate some accidents and violations that occurred during the demonstrations
6. He will make changes in locations where demonstrators focused whether in the in the ministries, local governments, provincial, or municipal councils
Click on the title of this posting to get the details of this article
1. During the emergency meeting of the Cabinet, Maliki selected a period of 100 days which they will wait before assessing the work of government and individual ministries to see how it succeeded or failed in the assignment of work from today's meeting
2. Maliki said he will make change in light of the outcome of the evaluation
3. He touched on sovereignty and ways to combat corruption, stressing it is the responsibility of each minister to know what is going on in his ministry before they reach the Integrity Commission and other relevant institutions that fight corruption
4. Maliki will announce appointments to the public and not restrict them in a certain department, making it difficult for the general public to see, which may lead to the deprivation of citizens who do not have the means to contact these departments
5. He stressed he would investigate some accidents and violations that occurred during the demonstrations
6. He will make changes in locations where demonstrators focused whether in the in the ministries, local governments, provincial, or municipal councils
2-27-11 CBI auction results
Currency Auctions
Announcement No. (1843)
The latest daily currency auction was held in the Central Bank of Iraq on the 27-FEB-2011. The results were as follows:| DETAILS | NOTES |
| Number of banks | 12 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | ----- |
| Amount sold at auction price (US$) | 127,960,000 |
| Amount purchased at Auction price (US$) | ----- |
| Total offers for buying (US$) | 127,960,000 |
| Total offers for selling (US$) | ----- |
Dollar's exchange rates / in Baghdad markets
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