(Mailman Chat): Dinar Speculator 2/14/12

GOT OFF A 30 MIN CALL WITH A LARGE CEO GROUP OF PEOPLE AND THEY HELPED CONFIRM SOME OF THE NEWS AND LIKE I SAID ALL IS WELL. MUCH IS DONE

Getting closer all the time… whew… lot of things done today. The process is underway and will motor until its logical conclusion

Banks do have the right to set their own spreads and may charge less for more dinar exchanged but thats it. There is no secret government sponsored tier system.

YES ALL PAPERWORK IS DONE BUT MALIKI NOT CONTROLLED. THEY WILL NOT RV WHILE HE HAS FULL POWER

Keep in mind despite erroneous reports the CBI has talked about the dinar on par with the dollar including Shabibi himself. The SIG report and Iraq’s own 5 year plan both state around 1 to 1.

I WILL NOT ADDRESS ANY FURTHER ISSUES REGARDING THE C/E UNTIL THE TIME TO DO SO. I AM STILL EXTREMELY OPTIMISTIC ON OUR INVESTMENT.

I HAVE ALREADY REPORTED THAT CHINA WHICH OWNS THE LARGEST BANKS IN VN ARE PUSHING LIKE THEY DID LAST YEAR TO MAKE VN ADJUST THEIR RATE.

They introduced me to the tellers and took me to where the safety deposit area was and an area where I could do my private banking when everything was done.

This lack of political and economic stability IMO, is the main reason why this event has not happened yet. So we wait.

I have a Kurdish contact that I have known since 1991. He called me this morning to tell me that they removed TWO zeros from the IQD. He told me that it was broadcasted on the news.

Got the Date: June 1st in country RV to occur, the world couple days later. As far as the Rate I was only told ” It’s decent”. Everyone is will be pleased.

The RV will be loaded next week and will start worldwide on June 1st. Yes, that is a Saturday in Iraq. The in country RV will start at Iraqi banks.

I GOT MANY CALLS TODAY. WE ARE IN THE 72 HOUR WINDOW. YOU WILL CASH IN TUESDAY. DONE DONE DONE.

We are expecting it to go live at anytime now. I heard the final one was 8am ..5/22 Wed. All the information from many sources has been positive that everything is done. Because it’s done. There are no holdups.

This means that the Central Bank of Iraq will now release the new rate of 3.42 (most likely tomorrow [Thursday] sometime).

I WILL SAY I’M EXTREMELY EXCITED RIGHT NOW…THE CALL I JUST GOT, I’M REALLY EXCITED. I WAS TOLD…THAT I MAY BE GETTING SOMETHING TONIGHT.

THE DONG IS TO GO AT 2.20 AS WE HEARD. THE DINAR IS STILL WHAT IM HEARING AT 11.68.

we were going to see the rate come out at $1.00 , maybe $1.17 , and it’s going to be a dirty float. And it was going to be allowed to float pretty freely until it climbed pretty rapidly

the presidency of parliament called for security leaders to attend the first session of parliament after the end of the holiday legislative term

an action plan will begin to apply early next June, would be enough to raise the exchange rate of the Iraqi dinar against the U.S. dollar.

“There’s a big role to be played by small and medium-sized enterprises in Iraq in terms of supporting Iraq’s economy…”

“the Iraqi economy after its transformation from a centralized economy to a free market economy he must be a strong supporter of the private sector”

The Central Bank announced that Microsoft’s willingness to engage in introducing banking technology systems in local banks.

Local currency traders expected, Iraqi dinar rate to continue to fall against the dollar, in what they described as “incomprehensible policy of the Central Bank of Iraq”.

“the Central Bank is required to issue regulations for the work of private banks for the purpose of supporting and encouraging citizens”

the central government has been completely dysfunctional, as its cabinet has not been able to function efficiently.

“Any oil taken out of the country and its payments do not go to the Iraqi people through the central government is considered as taking over Iraq’s national wealth”