* The IQD Team: Transcript Conf Call Jan 31 Latest Greatest Iraq Dinar RV News 2/01/12
Central Bank Iraq seems to be defending itself…seems to have a plan of action….talked about being ready with the new currencies.. talked about the implementation of the deleting the 3 zeroes and adding value to the current currency remember these are two separate things…deleting the zeros is one part of that and then they need to add value which is increase the rate the dinar trades at to the dollar…thats what the articles are telling us tonight
dont get confused between those two things and start worrying again…. you own the physical currency..whatever happens to the exchange rate you get to take advantage of that from this point forward no matter what they say about anything you get to cash in your dollars for that exchange rate We’ve heard that again in the articles as we are moving forward
Considering putting something in front of Parliament in the next few days..which I believe is ability to put some of the the financial laws in place to go forward. maybe for the Iraqi stock exchange and financial situations that will go forward ..not that they are needed but it kinda cleans it up and makes the red tape alot easier for that to happen….
Central Bank is Ready….both barrels loaded- protecting themselves from all the criticism now…No longer hearing them using terminology if or maybe we are doing this….ITS WHEN ..and WE ARE DOING THIS….we are moving forward and we have the power to do this and we dont think it will hurt the economy – we have it under control……. Very Different articles now since the beginning of the year…Very very confident with the process…..We’ve read about the process GOING THRU….dont get caught up in the process – it is going thru Its going to be good….
Parliament Talabani is in town – Pitying all the fools who were not listening before because now they are all listening …extreme diplomatic pressure from the United States and other countries and probably from different agencies to help them get their political situation resolved
We’ve seen movement on the Kuwait front….ready to close the compensation end of this and be quiet about that…they are normalizing relations …want to build an embassy in Baghdad Things going very well on Kuwait front….should start seeing that ease and see UN starting backing off ..possibly see lifting of chapt 7 – may come simultaneously with everything or it could happen before.. remember its one step in the process dont get caught up on what has to happen before anything…everything will flow progressively. Remember Truly the process I think the most important process when we get to it is the releasing of the smaller denoms because you have to have value before you do that. All these other things need to be window dressing and they need to be done before that actually happens and they can all happen simultaneously
We read about the 2nd reading on Oil & Gas Law and the Budget Political leaders stating 48 hrs to resolve anythings they have going on.
We’ve Seen movement Erbil – Power sharing
Starting to hear about them wanting to take care of their citizens….starting to getting extra dollars to them in compensation as well as extra food to them to get the situation in the streets better… You will start to see that become the Focus of the Parliament as they move forward – start to take care of their citizens….they want them to be able to take the value thats added and be able to use it to buy things and make their lives more comfortable
They are moving with this….everythings in place Remember what Shannan said “we need to be patient”….dont just look for one thing to happen……many things can happen simultaneously… Keep the faith and move forward…dont get caught up on dates and rates Get caught up on the News going forward…next thing we are looking for is the ministers to be put up there and see the government say they are fully seated and we have a government… Once they have a stable government in place…..CBI will feel comfortable with their plan and they will start to move forward with their plan at a much quicker rate once they know that the government is in place
The * The IQD Team: Transcript Conf Call Jan 31 Latest Greatest Iraq Dinar RV News 2/01/12 by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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