3-1-11 Skype chat rumor

Highlights/Thoughts
PLEASE IGNORE IF YOU DO NOT WANT TO READ RUMORS

1. When someone on PD heard Delta's news about Maliki giving the order to Shabibi to start the RV asap, he called his friend who is an international airline pilot
2. He has a different line of intel, but his sources confirmed what Delta said
3. The person noted that Steve said that when the RV trigger is pulled, it could take between 24 to 72 hours for the RV to happen

****************************************************************************

From PD: 3:22 PM [****] When I heard Delta's intel that Maliki had given the order to Shabibbi to start the RV ASAP, I called my friend who got me into dinar and is an international airline pilot. He has a different line of intel that we see on this board. He called me back and said that his people confirmed the intel, they were hearing the same thing. Keep in mind that STeveI said that when the trigger is pulled, it could take 24 to 72 hours for the RV to happen. I believe we are in that window. 

3-1-11 Recap of the day's events/postings

Facts:

1.       CBI auction results

2.       Maliki: Causers riots confessed to me and I will give security ministers next week will not wait more

3.       Maliki, underlines the willingness of Iraq to the Arab Summit in a timely manner and there is nothing to prevent this

4.       Central: the annual core inflation accelerated to 5.3 percent in Iraq in January

5.       MALIKI HAS 15 CANDIDATES FOR SECURITY POSITIONS; Calls Sadr to participate

6.       Calls for demonstrations in Najaf on Friday

7.       Higher oil prices to add eight billion dollars to Iraq's budget

8.       Baghdad governorate: during days ration vocabulary compensations

9.       Maliki launches new reforms in Iraq

Rumors:

Of Interest (rumors that I find of particular interest either because of who said it or because of how I think it relates to what is happening right now):

1.       Nighthk11 1:40pm CT

2.       Frank Rumor: Peoples Dinar 3/1/11 (NOT Frank26 of KTFM)

The Rest (doesn’t mean these are not happening):

1.       Steve1 Post: Peoples Dinar 2/28/11 (Update #4)

2.       Skype chat: UN person says watch CBI ... rumor

Where Are We At?

1.       Big news for today definitely has to be Maliki’s announcement in a public forum that he will hand over the 3 security ministry candidates to Parliament at their first meeting in the next week.  He also said they will vote on them.  In that same announcment, he also talked about the reforms the government will make to address corruption as well as their plans for the addressing the resolution of the municipal councils of the districts and areas the demonstrators complained about.  Finally, Maliki stated that the Arab summit will be held in Baghdad and there is nothing to prevent it.  However, he also said that the matter is subject to the decisions of the Arab Foreign Ministers.  In related news, the Arab Foreign Ministers are scheduled to meet tomorrow.  On this topic, Maliki also said that he doesn’t mind if the decision is made to postpone the Arab summit as long as it is held in Baghdad where he said it is secure and stable compared to surrounding Arab countries

2.       In economic news, it was reported today by the CBI that Iraq’s core inflation accelerated to 5.3% mainly due to the new price of electricity.  Also, it was reported that higher oil prices will add 8 billion dollars to Iraq’s budget and that they will likely use the monies for more service projects across the country.  It was reported that oil reached $108.31 per barrel last week

3.       Regarding ration cards, the Baghdad governor confirmed they will pay the ration card within days.  He said approximately 7.214 mil people will receive a total of 108,223,000 dinar

4.       In more reform news, Maliki launced new reforms to upgrade the living standards of Iraq as well as to eradicate corruption.  He stated in a press conference that every minister should be held accountable for corruption and that he is willing to dismiss any minister who doesn’t cut it after the 100 day deadline he gave his Cabinet recently

5.       Concerning protests, it was reported that there will be another demonstration this Friday in Najaf.  The civil society organization called for peaceful protests in order to voice their demands to serve the interest of the people

6.       On the rumor front, Night gave a long chat today regarding the state of where we are today as well as his thoughts on what the ruling elite’s plans for world is.  He still feels the RV will happen this week and he warned that the dollar will devalue and we will experience high inflation.  Steve provided an update regarding the banks.  They are still holding large reserves, and his BoA branch manager said it is costly for them to do that but they were told to hold the reserves until further notified.  Frank from PD (not Frank26) reported that the green light was given to authorities at the CBI to go ahead and execute the plan.  No date and rate was given, but he said it could go today or tomorrow.  He said Maliki ordered the RV to be executed, or for the plan to be activated

What’s left?

1.    Vote on the budget – Done!

2.    Closure on Security positions (3 in total)

3.    Formal announcement of government

4.    Agreement on outstanding Kuwait issues (I believe this is done)

5.    Lifting of remaining Chapter 7 sanctions (Kuwait related)

6.    RV/RI

7.    HCL

Important Dates

1.      February 17 – GCC Meeting (no news of this yet)

2.      February 20 – Vote on the budget – Done!

3.      February (sometime after the budget is voted on) – Parliament votes on the National Council of Supreme policies 

4.      February 25  -- Large demonstration

5.      February 28 – Constitutional deadline to form government; did not happen, unless it already happened and wasn’t made public

6.      March 1 – Budget becomes effective retro to 1/1/2011

7.      March 5 – Maliki may hand over the 3 security ministry candidates and Parliament may vote on them

8.      March 29-30 – Arab Summit

9.      May 1 – CBI must have transfer DFI monies

10.  May 22 – Presidential order 13303 expires

11.  June 30 – DFI expires

What’s It All Mean?

1.       In government formation news, if Maliki hands over the names of the 3 security ministries in the next Parliament meeting, and they vote on them, they can complete the government.  Is that enough for Shabibi?  I hope so, but the question really is what does Shabibi define as a “seated government”?  Remember, Shabibi said he would “RV” directly after the government is seated.  That said, rumors have it that Maliki gave the order to Shabibi to execute the RV as soon as possible.  Perhaps we’ll see the RV “directly” after the GOI is seated just as Shabibi said a while ago.  In either case, Shabibi recently said he would adjust the exchange rate to fit the budget.  So, we’re not too far away one way or another.  I have to imagine that the increase in inflation won’t sit well with demonstrators.  It will just add to their frustrations, and since the government is in the mood to appease the demonstrators these days, what better way is there to address this problem than giving them significantly more purchasing power?!

2.       Speaking of the government responding to protesters demands, that news still seems to be pretty prevalent these days.  The obvious impact is that much of the government’s time is being spent on addressing the concerns of the people, or that is the appearance given what we’re seeing in the news.  This is also likely the reason why we’re not seeing a lot of “normal” news, but if they are addressing the people’s needs, that’s a good thing.  They definitely deserve to have their basic needs addressed

3.       Regarding rumors, Delta and Rich Queen seem to be saying the same things.  Delta said that Maliki gave the order, and Rich Queen said the point of no return has been passed.  The end result is that both are expecting to see an RV shortly.  This news combined with the fact that the banks are trained in the dinar, holding high reserves, and are waiting for the dinar to revalue sure does sound good!  All we need is for one person to be right regarding the RV, and I don’t really care who ends up being right! ;)

3-1-11 Frank Rumor: Peoples Dinar 3/1/11 (NOT Frank26 of KTFM)

Highlights/Thoughts
PLEASE IGNORE THIS IF YOU DO NOT WANT TO READ RUMORS/OPINION

Click on the title of this posting to get the details of this posting on

1. Green light was given to authorities to the CBI to go ahead and execute the plan
2. No date or rate given, but could be tomorrow or tonigh
3. Budget will start today
4. Rumors flying around...some could be correct based on the speech from Maliki today
5. Delta says that he is sure that this is what Shabibi was waiting for and it's his call to RV
6. Maliki ordered this to be executed--the executive plan to repair their currency and revalue the dinar
7. Maliki also said he would announce the rest of the GOI and cabinet
8. He is scared so he has to do this
9. Shabibi was ready and wants to please the citizens
10. The ministries and others were not important until the demonstrations took place
11. It is ready and today Maliki gave permission for the plan to be activated
12. Shabibi could pull the trigger tonight or tomorrow...Maliki said ASAP
13. Their infrastructure can't be rebuilt without the rate going up
14. 80% of employees of the countries working there under contracts have to be paid in dinar
15. You can't manipulate and use two currencies
16. The USD has to be removed and the value of the dinar has to be raised so they can use the dinar
17. Today, Shabibi got the order to do this and Maliki said he will finish the GOI spots next week
18. What should Shabibi do now that he was given the executive order for a green light on the RV?
19. Maliki has to save himself and he will accomplish things ASAP

3-1-11 Maliki launches new reforms in Iraq

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Maliki launched new reforms to upgrade the living standards of Iraq and to eradicate corruption
2. In a press conference, he stated that every minister should be held accountable for corruption
3. He proposed to reduce the retirement age from 63 to 61
4. He called to dissolve the municipal council and hold early provincial elections
5. Maliki said Nujaifi's call to hold early provincial elections was made upon the request of the GOI
6. He affirmed the nomination of the security ministers will be passed to Parliament next week for vote
7. He also announced he is willing to dismiss any minister who proves of a shortfall after the 100 day deadline he gave to his Cabinet

3-1-11 Nighthk11 1:40pm CT

Highlights/Thoughts
PLEASE IGNORE THIS IF YOU DO NOT WANT TO READ RUMOR/OPINION

Click on the title of this posting to get the details of this posting on DV (membership required)

1. The fact that the CBI has or hasn't updated their site and we do not have an RV yet is not a bad sign
2. The RV is coming
3. What is important is that they activated their budget; this opens the gates
4. If Maliki gives the names of the 3 security ministers, then we are staring at the RV
5. Shabs will trigger the RV
6. Night's confidence comes from many sources...most of all knowing that no matter what's in the news, what they do or fail to do, they cannot re-join the international community without a tradeable currency
7. The new week in Iraq begins on Saturday
8. With Maliki's revelation on security, Night must believe the full government is NOT in place and therefore Shabs cannot pull the trigger
9. People are not going to wait that want action now
10. Chalabi will most likely take the interior ministry
11. Night suggests strongly that after the RV you invest in tangible assets to secure your money .... gold, silver, platinum
12. The ruling elite have selected China as the next powerful economy surpassing the US and making us #3
13. Money is based on paper and the world is awash in paper
14. The elite's currency is gold and silver
15. Buy food and keep a stocked pantry
16. The pure evil of the elite's plan is that food will be available, but you won't be able to buy it due to the devaluation of the dollar
17. The dollar will devalue and we will have inflation; plan for this
18. They are planning to change the currency paid for oil from USD to dinars or what they call "petro dollars", but the standard for money will change
19. If you do some research, you will see that the CBI is owned by the Rothschild, and they own the US Fed and Bank of England
20. The dinar will RV when they feel it is appropriate
21. The are realigning the world's economies and currencies now
22. Gold/silver bought as a hedge, in his opinion, should be kept as close to the individual as possible because he can see a "barter system" developing for people to survive the elite's plan
23. The above is not news or speculation of doom and gloom
24. To be forewarned is to be armed and ready
25. The elite are hiding nothing. It's all up front just as it is with the dinar
26. It was a plan hatched in 1983 to get into the ME for resources
27. On the RV of the dinar, since they have activated the budget, the gate open
28. Yesterday, the WB gave a loan to Iraq again. So, the WB must have the date and rate and it must be close
29. If it is true that the dollar will lose significant value and oil today is paid for in dollars, they better hurry with the RV
30. 29 above may be the reason for the high figures we are hearing as to the value upon RV
31. The 100 days Maliki gave to the ministries to shape up is not to mean the RV will come in June
32. Night believes that since the budget is approved, they must RV quickly
33. He is still thinking the RV will happen sometime this week
34. Night says banks here are more than ready and are expecting the RV any moment
35. His BoA branch manager told him yesterday that it is costly for them to hold large volumes of money but they were to do this until further notice

Coincidentally, here is an article saying that gold is near record highs due to concerns of over Libya and inflation

3-1-11 Baghdad governorate: during days ration vocabulary compensations

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. The Baghdad governor confirmed that they will pay the ration card within days after giving instructions and mechanisms to coordinate with the Ministry of trade
2. He said the maintenance instructions and controls are designed to facilitate the disbursement mechanism for citizens through the use of ration agent centers, who will deliver payments to citizens
3. He said the compensatory payments will be launched in the form of payments from State banks
4. A maximum of 200 families will receive these payments
5. The amounts allocated to the province of Baghdad is estimated to be 108,223,000 dinar
6. The amount distributed will spread among approximately 7.214 mil people according to the ministry
7. More will be distributed if the estimates are incorrect and more citizens need it

3-1-11 Higher oil prices to add eight billion dollars to Iraq's budget

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. The increase in oil prices this year may add 8 billion dollars to Iraq's budget
2. The unplanned monies can be allocated to implement more projects, according to the Secretary-General of Iraq's Council of Ministers
3. He added the increase would also be used to implement additional services projects across the country
4. Oil reached $108.31 dollars per barrel at the end of last week
5. Iraq's budget priced in oil at $76 per barrel

Iraq's February oil export highest since invasion

Recall that Iraq said they would fill budget deficit by taking advantage of higher oil prices, and by increasing exports.  Now if Shababi would do what he said he would do, which is adjust the exchange rates to fit the budget, we might be happy!

3-1-11 Calls for demonstrations in Najaf on Friday

Click on the title of this posting to get the details of this article

1. The civil society organization in the province of Najaf called for a peaceful demonstration on Friday after identifying several demands to serve the interest of the people
2. This came during a lengthy meeting held by representatives of the civil society organization
3. The meetings brought together House representatives and the people of Najaf in order to listen to the citizen's demands

3-1-11 Skype chat: UN person says watch CBI ... rumor

Highlights/Thoughts
PLEASE IGNORE THIS IF YOU DO NOT WANT TO READ RUMORS

1. Person's brother works for the United Nations in Geneva
2. She received a call from her brother and was told by him to watch the CBI closely last night and over the next few nights for a change

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This was on Ds last night thought it was interesting with what we have heard over the last few days!....sjf: My brother is with the United Nations in Geneva,Switzerland. He is within a specialized agency. I recieved a call from him a short time ago. He said, Sis, begin watching CBI closely tonight and over the next few nights for change. I cannot say more than this and I have nothing I can show you to substantiate what I am telling you. But just run with it folks. It won't hurt. Have a great evening.

3-1-11 MALIKI HAS 15 CANDIDATES FOR SECURITY POSITIONS; Calls Sadr to participate

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Someone close to Maliki said that he has 15 candidates for the security ministries
2. al-Abadi said the plitical blocs have nominated 5 candidates for the position of Minister of Interior, 5 for the post of Defense, and 5 for the post of National Security
3. Abadi stressed the need to select independents to fill the ministries
4. He also said the political blocs agreed to select independent persons substantially capable of performing their duties professionally
5. Maliki is the proxy currently for all 3 security ministry positions since the announcement of the formation of the incomplete government
6. Maliki said in a press conference yesterday that he will provide the candidates for the security ministries in the first session of the House
7. The National Coalition decided on the 21st to nominate Chalabi for the Interior Ministry for the National Alliance
8. The article mentioned Maliki taking responsibility for the what is happening in the country, and mentioned
9. The article also mentioned that Sadr said Maliki should take full responsibility for the current situation in Iraq

It's interesting that another article today said Maliki stated those responsible for causing the riots during the demonstrations came to him and told him he is responsible. I wonder if the proverbial "they" is really Sadr?

3-1-11 Steve1 Post: Peoples Dinar 2/28/11 (Update #4)

Highlights/Thoughts
PLEASE IGNORE IF YOU DO NOT WANT TO READ RUMORS

Click on the title of this posting to get the details of this posting on

1. Steve spoke to his bank contact and was told they are still maintaining $400,000 for all level on branches
2. Level 2 and 3 branches are maintaining $300,000
3. They still believe they will be using the reserves soon and all staff have been trained on the Dinar

Just as an FYI, I recall someone saying that this is normal behavior of banks for this time of the year (tax season). I don't know if that is true or not, but it seemed plausible to me. I have not taken the time to confirm. So, take this with a grain of salt.

3-1-11 Central: the annual core inflation accelerated to 5.3 percent in Iraq in January

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. The CBI said that the country's core inflation accelerated to 5.3 percent on an annual basis in January from 3.3 percent in December
2. The increase was influenced in large part by the new price of electricity

3-1-11 Maliki, underlines the willingness of Iraq to the Arab Summit in a timely manner and there is nothing to prevent this

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Maliki, during a press conference, said that the Arab summit will be held in Baghdad and there is nothing to prevent it
2. He said they are optimistic about holding the summit in Baghdad and the Arab League is still willing to do so
3. He expressed his belief that Iraq is the safest country in that region at this stage
4. He said the date of the summit may be postponed, but it will be held in Baghdad and that this matter is subject to the decision of the Arab Foreign Ministers
5. He said he doesn't mind the meeting being postponed a month or two, but he hoped it will be held in Baghdad, where it is secure and stable

More on Maliki's announcement as well as decisions regarding early elections and other reforms/changes
Arab Foreign ministers discuss Baghdad summit tomorrow

3-1-11 Maliki: Causers riots confessed to me and I will give security ministers next week will not wait more

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Maliki said that those who were responsible for the rioting in the demonstrations came to him and acknowledged his responsibility
2. He said that he will provide the candidates for the security ministries to Parliament next week when the House convenes in its next meeting. He said,"I will not wait for more and hopes to cooperate blocs to an agreement to accept the candidates spent in peace."
3. During a press conference, he said he will direct the presence of corruption in his ministry and prevent recruitment of corrupt individuals in the ministries of the State
4. He said that jobs are open to citizens, but they must go through a process of testing and examination
5. He also said they have asked the House for a speedy resolution of the municipal councils of the districts and areas the demonstrators complained about
6. He noted that some of the municipal councils were appointed 6 years ago and said he supported the call for early elections to provincial councils
7. He also supports the proposal to reduce the retirement and the launch of a new mechanism for appointments of government in order to raise the standard of living for the citizens and eliminate corruption and bad management
8. The remainder of the article offers mainly an historical perspective on the demonstrations as well as discussion on what Maliki and the government intend to do to appease demonstrators

Another article stating Maliki will name the ministers

I have to believe that Maliki will actually hand over the security ministers next week.  He is on record and in public for saying this, and this is now directly linked to the demands of the protesters.  If he does what he normally does, which is not do what he says he will do, I believe the violence will escalate and the protesters will point the finger at Maliki and his broken promise.

3-1-11 CBI auction results

Currency Auctions

Announcement No. (1845)

The latest daily currency auction was held in the Central Bank of Iraq on the 1-MAR-2011. The results were as follows:

DETAILS	NOTES
Number of banks	14
Auction price selling dinar / US$	1170
Auction price buying dinar / US$	-----
Amount sold at auction price (US$)	132,883,000
Amount purchased at Auction price (US$)	-----
Total offers for buying (US$)	132,883,000
Total offers for selling (US$)	-----

Exchange rates