(Med): Dinar Speculator 8/11/12

AFTER YESTERDAYS NEWS THAT THE FINAL MEETING WITH THE IMF WAS COMPLETED NOW THIS TODAY SHOW THEY ARE PREPARING FOR FINANCIAL CHANGES

Finally the voice of reason. Dr. Basri ought to be in charge of monetary policy in Iraq. He sees the need to introduce the new currency in order to put a stop on the crisis with the dinar.

They’re trying to grab as much dinars as possible, from Iran and Syria. The CBI is trying to make the dinar worthless. They’re doing it on purpose so that people will just give away their dinars.

We are at any day status…one of their inside contacts was feeling that the Memorial day weekend would be a great way to hide and bless the ones who have given their time and lives for us.

WE NEED TO LOOK TO SEE WHAT NAJAFI DOES AND IF HE GETS THE BALL ROLLING NOW OR WAITS A DAY OR TWO… GOOD THINGS FINALLY HAPPENING

THE IMF, WORLD BANK AND CBI SHOULD HAVE COMPLETED ALL BUSINESS AND THIS SHOULD ALLOW MOVEMENT TO THE RV FAST

They’re going to come out with a sucker rate. They’re doing that right now. If you put all the resources together, the oiil the gold, all the resources together.. right now they can support about $4.00

That is what we should be thankful for. The against, is one man and his antics to stop progress until he gets what he wants. (I believe he wants UN Chapter 7).

They are saying that the most important laws are ready to be heard by Parliament when they reconvene next month, ongoing bilateral relations between Baghdad and Kuwait to end Chapter VII

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

THERE HAS BEEN SEVERAL CALLS TO ME TODAY AND THEY ARE MOST POSITIVE AND IMMENENT–NOW–AS MANY TIMES BEFORE I HAVE HAD THE SAME ALERT GIVEN ME

The bottom line was the manager was able to view a moving rate from his screen, and they have had meetings about it so at least it tells me we are looking good.

GET THIS THREE OF THE CALLS ARE CONFRIMING DONG AT A HIGH RATE. I HEAR THE DONG HAS BEEN CONFIRMED SOMEPLACE AT 2.20.

IF ANYTHING THIS SHOULD GIVE US CONFIDENCE OF THE CONTINUING LEGALITY OF OUR INVESTMENT. THIS NEITHER EXPEDITES OR DELAYS THE POSITION WE ARE IN.

RV HERE LAST NIGHT AND TO BE ON THE FOREX 4:00 PM EST. EXCHANGES FOR PUBLIC AVAILABLE TOMORROW AT THE BANKS. AWAITING CONFIRMATION.

Since last night i have information regarding computers being loaded, dignitaries presenting SKRs (vouchers) to be activated (available cash in their accounts) and meetings in New York

“Khairallah Hassan Babiker will head the delegation negotiating for Iraq’s accession to the World Trade Organization membership includes representatives from relevant Iraqi ministries and private sector bodies to negotiate…”

“diversity is one of the most important strengths of Iraq and is a symbol of cultural heritage monument that spans over thousands of years.”

“Some provinces of Iraq security crisis and a security tension between security forces and protesters evolved into armed clashes.”

“Sunni leaders in Ramadi say there’ll be all out war if Iraq doesn’t split into a federation – a collection of effectively self-governing states.”

“aims to control the dinar exchange rate against the dollar — is no longer effective due to the daily, increasing gap between what the CBI offers in the auction and the actual market need.”

“the Central Bank of Iraq in large quantities of gold… similar to most of the world’s central banks to maintain the value of the national currency”

“Despite the increase in Iraq’s crude oil exports in April, revenue was less than the previous month due to a decrease in oil prices.”

Will there ever be a true leader in Iraq? Bedlam and chaos is not a good sign for a very young democracy… even though internal struggle is understandable.

“At present, each card-issuing bank operates its own system. Because not every point of sale is connected to every system, no one card will work everywhere… ”