Central Bank: the end of 2012 will see the currency exchange

by supergirl Sun Jan 08, 2012 12:08 pm

Central Bank: the end of 2012 will see the currency exchange

On: Sun 08/01/2012 18:10

Iraq will not use the dinar in the sales of oil citizen - the follow-up
denied the Central Bank of Iraq and there are efforts to use the dinar
in the sales of some of the oil exports of the country, because the
«market speculators will buy the dinar to sell to countries dealing with
the country's oil, and we will enter into a whirlpool of speculation in
the dinar, and we are already to reduce inflation, which has suffered
monetary Ktltna ».
The Vice-Governor of the Bank Mazhar Mohammad
Saleh said that countries that have turned their currencies to the
international currency has a very strong economy, such as the European
Union, China, Japan and the United States.

The Iraq covering
the dinar in hard currency through the credits worth $ 53 billion. and
the project to delete three zeros from the dinar, Saleh said that «the
central bank ended the preparations for the replacement process end of
the year», pointing out that «dinar witnessed the first process of
replacing a successful 2004, when Replace more than six trillion dinars
Bdnanar new and is expected to begin the process of replacement of a
second after the removal of three zeros end of this year, and this will
be decided by the government ».

The size of the Iraqi currency
traded locally about 33 trillion dinars, after he was no more than six
trillion in 2003, by banks, to 70 per cent of the money supply.

Salih stressed that auction the central bank sold $ 40 billion over the
past year, pointing out that «the auction is one of the most important
means of monetary policy shift in which oil revenues to the liquidity of
local insurance requirements of government budgets, as well to the
control of the dinar exchange rate and reducing inflation ».

He
said, «Central will be obliged to issue a block additional cash during
the current year, due to the increased size of the budget, and this
means insurance reserves an additional hard currency, which is normal
with overall economic growth of the country».

He explained that
Central Bank is obliged offering larger quantities of the dollar
through auction the higher government expenditures denominated in
dinars, as 60 per cent of the proceeds of the sale go
expenses-governmental organizations, and the remaining are for the
benefit of the private sector, and expected to increase demand for the
dollar in the current year because of the adoption by the Government
budget is the highest in the history of the country.

The
government decided to cut the budget this year of $ 115 billion to 100
billion, based on the price of a barrel of oil equals $ 85, and a
deficit of $ 14 billion would be covered through internal and external
borrowing from the IMF and World Bank. The volume of trade State of Iraq
in the last year, according to the benefit of $ 46 billion, two-thirds
of the private sector.

It is noteworthy that the Iraqis would
prefer to deal in dollars because of the low value of the dinar, as the
value of the banknote the same category Top 25 thousand dinars
(equivalent to $ 20). to that, the Central Bank that will support the
opening of the Rafidain and Rasheed in the Kurdistan region, stressing
that he had not received any formal request so far on the subject of the
Departments of the two banks.

Salih said (Rn) that »the CBI
supports the opening of branches of the Rafidain and Rasheed in the
Kurdistan region that it will support Autism financial market in
general».

Saleh pointed out that «the banking market is not
adversely affected by administrative boundaries, and the opening of
branches of the Rafidain and Rasheed in the Kurdistan region will
stimulate bank transactions and boost the economy in the country ».

Saleh added by saying that «the central bank waiting to provide
Departments of Rafidain and Rasheed wrote a formal request through the
approval to open branches in the Kurdistan region».

The Iraqi
Ministry of Finance had announced earlier that it is serious in opening
branches of the bank Rafidain and Rasheed in the Kurdistan region,
noting that he will be able to staff in the province pull advances the
property of those branches. and according to statistics released by the
Iraqi Ministry of Finance recently, there are 25 banks waged, and five
state banks in Iraq , and most of those five is the Rafidain banks,
which has 190 branches in all provinces and abroad, except for the
Kurdistan region in addition to the Rasheed Bank, which has 150 branches
in and outside the Kurdistan region of Iraq, except to the bank's real
estate, agricultural and industrial.

http://almowatennews.com/news_view_33268.html

http://almowatennews.com/news_view_33268.html

by Guest Sun Jan 08, 2012 12:12 pm

Humm, could our rv happen at the end of the year?

by geezer Sun Jan 08, 2012 12:16 pm

NO MATTER WHAT THEY WILL NOT TELL YOU WHEN THE EXCHANGE RATE WILL CHANGE ...ESPECIALLY A YEAR IN ADVANCE ..BE CAREFUL WHAT YOU READ..

by Leliu5th Sun Jan 08, 2012 12:17 pm

IMHO I think it will revalue sooner, for their country's sake! 8)

by supergirl Sun Jan 08, 2012 12:23 pm

I think we need AJ's help with this one. I'm a little lost on it too and posted it in hopes someone would help out with the clarification. I hope it doesn't mean the end of the year literally.....puhhhhhhleeeezzzze nooooooo!!! ;-)

by GoodGosh Sun Jan 08, 2012 12:23 pm

Hmmmm, guess I can scratch toilet paper off my shopping list. Already have some.

by DevaronDLH Sun Jan 08, 2012 12:25 pm

This is exactly the kind of information I am looking for... In so many ways it is reminiscent of the statements made in Kuwait only days before the Kuwait Dinar revalued. This type of information is necessary to keep the speculators and high rollers at bey until an actual exchange rate comes into being.
If you have the software you can see that the Dinar and many other currencies have been fluctuating fiercely over the past few weeks and mores so in the past few days.
Something IS happening but we won't know what it is until it finally happens.

by supergirl Sun Jan 08, 2012 12:27 pm

@devarondlh - awesome thoughts and I totally agree. good news keeps on coming.... thanks.

by supergirl Sun Jan 08, 2012 12:29 pm

@goodgosh never ever give up, seriously we are almost there. three feet from gold....

by **ADMIN** Sun Jan 08, 2012 12:38 pm

Holy Moly... did you not read the two articles this morning?

One saying that they need to bring equivelency to the dollar/dinar exchange rate to make the budget work

and the other saying they will have the second reading of the budget for 2012 Monday?

by GoodGosh Sun Jan 08, 2012 12:41 pm

Central Bank: the end of 2012 will see the currency exchange 761671673

Need to write down more coffee on my shopping list.

Thanks for the positive insights.

by spirit144 Sun Jan 08, 2012 12:42 pm

The fact that the statement made "The Iraqis prefer to use USD, because of the low value of the dinar, speaks volume. That's what they don't want. So, Im thinking that with the pulling of the dollar out of the markets, and the removal of the three zeros, they'd have to revalue soon to control inflation. I, IMHO don't see this going to the end of the year. I think that that is a throw off. They'd have to revalue in order to compete. AJ, help!!! where are you?

by Leliu5th Sun Jan 08, 2012 12:53 pm

I think it will happen soon....I feel something big is about to pop! I really do...2012 is the year of change for the greater good. of course non of us knows how much or when and thats ok...I love the element of surprise....it is exciting and brings positivity. I might be out on a sailing trip when it happens...who knows! You know when you let your guard down is when it will happen. It is like when you have given up on everything and you have reached rock bottom, the best part is you have no where else to go but UP!!!

by spirit144 Sun Jan 08, 2012 12:58 pm

AMEN!!! AMEN!!!!

by Guest Sun Jan 08, 2012 1:00 pm

Miskebam wrote:
punisher wrote:Humm, could our rv happen at the end of the year?

Holy Moly... did you not read the two articles this morning?

One saying that they need to bring equivelency to the dollar/dinar exchange rate to make the budget work

and the other saying they will have the second reading of the budget for 2012 Monday?

Lol...i did read them. Just keeping an openmind so not to be let down. Go rv! !!

by Leliu5th Sun Jan 08, 2012 1:17 pm

Oh heck Yeah Baby......LOL.... I read it long before you posted it....I was stationed in Baghdad in 2003 and still have some Defense Contractor buddies over their yeah! And they email me all kinds of things, so you know I do not repeat them.
I am not at liberty to divulge information or intel. But know this....the whole World is about to change....a great change for all mankind...the shift and realignment is about to happen to this great nation as a whole....forever!

by **ADMIN** Sun Jan 08, 2012 1:21 pm

Thank you Leliu5th... glad to see you are excited

by supergirl Sun Jan 08, 2012 1:22 pm

#bring it....I am available to receive more good than I have ever experienced, realized or imagined ever before in my life. And so it is.

by landcareunlimited Sun Jan 08, 2012 1:28 pm

DevaronDLH wrote:This is exactly the kind of information I am looking for... In so many ways it is reminiscent of the statements made in Kuwait only days before the Kuwait Dinar revalued. This type of information is necessary to keep the speculators and high rollers at bey until an actual exchange rate comes into being.
If you have the software you can see that the Dinar and many other currencies have been fluctuating fiercely over the past few weeks and mores so in the past few days.
Something IS happening but we won't know what it is until it finally happens.

You clearly see the plan. What is actually happening in parliament is in direct contrast to Saleh's statement. His end-of-year forecast is nothing more than a head-fake to stave of Dinar speculation on a massive scale.

Hold on...

by Leliu5th Sun Jan 08, 2012 1:34 pm

Miskebam wrote:Thank you Leliu5th... glad to see you are excited

Yes I am sista....Yes I am....The power of positivity will bring abundance...this way I send it this way!

:flower: :geek: lol!

by rhondak Sun Jan 08, 2012 1:37 pm

It's moving forward and all falling into place...get ready.

by **ADMIN** Sun Jan 08, 2012 2:05 pm

by CaptnJerry Sun Jan 08, 2012 2:13 pm

Miskebam wrote:

Yummy! Pickled widgets.... Wait till abby ann sees these!

by therealbutterfly Sun Jan 08, 2012 2:25 pm

Miskebam, nice to see you know how to bump a thread without copying the ENTIRE post unlike others..... I hate that, it makes me read the entire post looking for some change that isnt there. LOL!! Thanks for rockin it like always miske!!!!

by Potato Head Sun Jan 08, 2012 3:00 pm

Leliu5th wrote:Oh heck Yeah Baby......LOL.... I read it long before you posted it....I was stationed in Baghdad in 2003 and still have some Defense Contractor buddies over their yeah! And they email me all kinds of things, so you know I do not repeat them.
I am not at liberty to divulge information or intel. But know this....the whole World is about to change....a great change for all mankind...the shift and realignment is about to happen to this great nation as a whole....forever!

Thank you Leliu5th for sharing that. I agree with you. I do think we are right "on" this compared to being "on" it years ago. LOL

by Guest Sun Jan 08, 2012 4:02 pm

I am ready for change!

by **PALMER01** Sun Jan 08, 2012 4:15 pm

Change? Quarters, dimes, what? Central Bank: the end of 2012 will see the currency exchange 974290055

by TNman Sun Jan 08, 2012 5:31 pm

Enough of the talk. RV now! bigsmile

by Guest Sun Jan 08, 2012 6:09 pm

PALMER01 wrote:Change? Quarters, dimes, what?

hundred dollar bills

by **Kevind53** Sun Jan 08, 2012 9:38 pm

Your hand to mine is good. Twisted Evil

by TNman Mon Jan 09, 2012 7:45 am

Personally, I don't think the RV will be delayed until the end of this year. However, December, 2009, 2010 and 2011 passed with me thinking there is no way it can go past the end of the year.

We read and we listen but we have no way of KNOWING the truth. The articles are hard to understand. My question is related to the worn-out currency. The CBI has been diligently pulling in the 000s. What is left on the streets are worn and some shop keepers and such even refuse the worn currency (or so we read).

They are trying to remove the use of the US dollar so they will be in shorter and shorter supply. What do they do, start issuing the 000s again? If they have destroyed what has been brought in, will they print more? That is out of the question. It makes no sense at all that they would issue the lower denominations to cover the shortfall of usable currency based on the artificial rate.

It sure appears the me that push is coming to shove and they will need to do something, something being an RV, fairly quickly so they can get the new currency on the market.

That's my opinion, outta be yours.

by TNman Mon Jan 09, 2012 7:59 am

I think I just found the answer to my question. I had forgotten that they are now issuing credit cards for transactions. That will reduce the need for physical currency. We refer to these cards as credit cards but I strongly suspect that are debit cards.

Does that now mean that this will enable them to wait longer for the RV?

by **Horizon** Mon Jan 09, 2012 8:21 am

PALMER01 wrote:Change? Quarters, dimes, what?

I love your avatar, I used to have a dog that looked just like that when my daughter was a baby. She was an great dog, would love another, but it really gets too hot here for them.

by supergirl Mon Jan 09, 2012 8:44 am

@TNman - all very, very good questions.

by Guest Mon Jan 09, 2012 9:19 am

"The Iraq covering
the dinar in hard currency through the credits worth $ 53 billion. and
the project to delete three zeros from the dinar, Saleh said that «the
central bank ended the preparations for the replacement process end of
the year», pointing out that «dinar witnessed the first process of
replacing a successful 2004, when Replace more than six trillion dinars
Bdnanar new and is expected to begin the process of replacement of a
second after the removal of three zeros end of this year, and this will
be decided by the government"

The above is stating that the dollarizing of Iraq could take up to the end of the year. But I have my doubts in light of other articles that came out yesterday, which Miskebam mentions above. My calculations show that the RV "could" very well happen in the next 6 to 8 weeks. On the other hand the above portion of the article I posted could also be right. All we can do is watch the markets and see what happens. As the dollar gets stronger in the 84 to 86 pips I believe we will see this RV. AJ

by TXMom3 Mon Jan 09, 2012 10:02 am

Good Mornin Mr. AJAnderson! I have a question for you. With all of what is going on right now, is it now safe to say that this is non longer a speculative investment? I am just trying to get some closure here. TY

by supergirl Mon Jan 09, 2012 10:19 am

@AJ where are we now as far as the pips go?

by TXMom3 Mon Jan 09, 2012 10:20 am

nickd11.dont think I was askin you but thank you. I am new to all of this and must say quite surprised by your abrasiveness. I asked Mr. AJAnderson because I knew he would give me an honest answer. When I started investin in this, I was encouraged not to do so. This was not for the casual investor. With that being said, I still look forward to AJ reply. Thank you!

by supergirl Mon Jan 09, 2012 10:21 am

@nickd11 - if you believe that then I'm confused as to why you are even here. please enlighten us. thank you.

by Guest Mon Jan 09, 2012 10:29 am

AJAnderson wrote:"The Iraq covering
the dinar in hard currency through the credits worth $ 53 billion. and
the project to delete three zeros from the dinar, Saleh said that «the
central bank ended the preparations for the replacement process end of
the year», pointing out that «dinar witnessed the first process of
replacing a successful 2004, when Replace more than six trillion dinars
Bdnanar new and is expected to begin the process of replacement of a
second after the removal of three zeros end of this year, and this will
be decided by the government"

The above is stating that the dollarizing of Iraq could take up to the end of the year. But I have my doubts in light of other articles that came out yesterday, which Miskebam mentions above. My calculations show that the RV "could" very well happen in the next 6 to 8 weeks. On the other hand the above portion of the article I posted could also be right. All we can do is watch the markets and see what happens. As the dollar gets stronger in the 84 to 86 pips I believe we will see this RV. AJ

That would take us into the month of march. Im not looking for the rv until at least march then...

by Guest Mon Jan 09, 2012 10:30 am

supergirl wrote:@AJ where are we now as far as the pips go?

I believe aj says we are at 81 pips.

by supergirl Mon Jan 09, 2012 10:36 am

thanks @punisher thats what i'd been hearing since the end of december that we were looking about 90 more days to go.
i just don't want to believe it .... lol. i need it right now, so i'm saying a ton of prayers. we need angels and spirit guides
to perform a miracle and start moving mountains NOW!!! ;-) time for my walk, i feel the stomach knots coming on ... lol.

by revenuerog Mon Jan 09, 2012 10:46 am

whats a pip?

by Guest Mon Jan 09, 2012 11:24 am

supergirl wrote:thanks @punisher thats what i'd been hearing since the end of december that we were looking about 90 more days to go.
i just don't want to believe it .... lol. i need it right now, so i'm saying a ton of prayers. we need angels and spirit guides
to perform a miracle and start moving mountains NOW!!! ;-) time for my walk, i feel the stomach knots coming on ... lol.

supergirl, hang in there. I always pray for the people that need it now at this moment. I wish it would happen this week like anyone else does, but i would rather know the truth that it is still near, but that we have to wait several more weeks at the most I hope.

If we go by AJ's theory that the dollar has to be at 86 pips (and stable), that isn't that far off. COME RV and ACTIVATE ALREADY!!!

by **dinarstar** Mon Jan 09, 2012 11:33 am

Leliu5th .....rocks!! :cheers:

by **PALMER01** Mon Jan 09, 2012 8:22 pm

Hoizon, that's just a picture of a dog that looked like mine. I didn't have any digital pictures of him, or my first Malamute, so I got these on-line. They are cool dogs. Loyal is the first thing that comes to mind. I live in Colorado, so they love the weather, especially now. You know, lots of snow.

by spirit144 Tue Jan 10, 2012 9:55 am

Im thinking the same, 6-8 weeks out.

by 1alaskan Tue Jan 10, 2012 9:57 am

spirit144 wrote:The fact that the statement made "The Iraqis prefer to use USD, because of the low value of the dinar, speaks volume. That's what they don't want. So, Im thinking that with the pulling of the dollar out of the markets, and the removal of the three zeros, they'd have to revalue soon to control inflation. I, IMHO don't see this going to the end of the year. I think that that is a throw off. They'd have to revalue in order to compete. AJ, help!!! where are you?

That got me also, with the US troops gone the USD should be getting a bit harder to get as their spending went with them.

by 1alaskan Tue Jan 10, 2012 10:02 am

TNman wrote:I think I just found the answer to my question. I had forgotten that they are now issuing credit cards for transactions. That will reduce the need for physical currency. We refer to these cards as credit cards but I strongly suspect that are debit cards.

Does that now mean that this will enable them to wait longer for the RV?

I do think the cards they plan on using are the "smart card" like the ones used in Europe. They have not seemd to go over very well in the US as of yet.

by **Kevind53** Tue Jan 10, 2012 5:17 pm

I believe one of the articles I read specifically said they were smart cards, and it sounded like they have already been placed into service. It wasn't clear if everyone was issued one, but the number was pretty large.