* AJAnderson (AJ’s Intel): OOM 2/2/12
The above statement in my opinion means that the nominal value is 1 Iraqi Dinar = 0.0008592 US Dollars as of 2/2/2012. If you remove the 3 zeros you have .8592 or about 86 cents to the USD. The USD is currently 78.98 at http://www.kitco.com/market/.
The above two figures leaves a 6.94 cent difference for the CBI to make a profit buying the USD out of the market place or Iraq.
“Abtan said, that “the steps the bank will be the largest impact on the Iraqi economy and the lives of citizens in the event of an economic plan put in one of its components are the central bank.”
The next statement above is used to get the citizens of Iraq RV takes place, as I predicted these articles would come out in the near future in AJ’s Intel of 01-31-12.
http://www.okieoilman.net/t18017-iraq-parliament-calls-to-stop-selling-the-dollar-at-the-auctions#116966 LINK Date: February 2, 2012
“Addressed the Economic Committee in the Iraqi parliament, central bank official, to stop the sale and the dollar auction.”
The above statement from this article has already been started with the recent two CBI auctions being the lowest I have seen yet, with about 8 million Iraq Dinars sold to 7 banks. I believe that the lower denominations are being sold to the banks, but have not been released to the public yet, that will come in a short time.
“The al-Alwani, that the smuggling of currency and a negative impact on the Iraqi economy is bad, and will affect the reserve currency, and the exchange rate of the dinar against the dollar, also has a serious political dimensions.”
The above statement and underlining is meant to warn that if Iraq does not stop the smuggling of the US dollar to Iran it could have a serious impact on Iraq and chapter VII sanctions.
“He continued, so they are trying to fill the deficit, if there was damage to Iraq, and this cannot accept it, and we will stand against all who try to empty Iraq of foreign currency, and will not compromise the country’s wealth for the interests of others.
The above statement means that Iraq must act quickly and if they do not, Iraq’s resources could be drained before the CBI can buy back all the US dollars in Iraq.
In my opinion the above two articles are meant for several reasons, one to convince the people of Iraq to use their own currency once the RV occurs, to warn those who are smuggling US dollars into Iran and to rain in the wealth of Iraq before those US dollars leave the country.
God Bless,
AJ
The * AJAnderson (AJ’s Intel): OOM 2/2/12 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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