Miskebam's Observation Of Iraq & RV - Emailed To Recaps

Here is another article from Miskebam I thought was very good and thought you might like too. Enjoy. (if you follow the link just below you can also read the comments left on recaps about this article)

http://www.dinarrecaps.com/1/post/2012/11/miskebams-observation-of-iraq-rv-emailed-to-recaps.html

11/30/2012





Please read my observations at the bottom... and please by all means let me know if you see this any differently Miskebam

Delete the zero in 2013; Iraq donor country after 2014; IMF standby
agreement expires February 2013 & ISX live & International in
2013

11/30/2012

- November 1, 2012 The central issue shake expectations the deletion of zeros

BAGHDAD - Laith Jawad Parliamentary varied expectations regarding
the deletion of zeros from the currency between the continuation of the
deletion process specific Pauqatha and affected by the issue of central
bank and banking tensions that may lead to delay the process beyond
the year 2014 declared that Iraq will turn into a donor country.

Has confirmed the Economic Committee of the House of Representatives that the process of deletion of zeros and the dinar will be early next year after the end of the project procedures.

Said committee member Ibrahim panic (time) yesterday that (the
process of deletion of zeros will proceed according to its specified
time without being influenced by the issue of the central bank because
of all the procedures for the project expired since leaving only the
execution).
...
Read More Link On Right


He pointed
out that (deletion hold reformer of the dinar, which has suffered from
inflation because of mistaken policy of the former regime, which added
three zeros of the dinar to strengthen after a siege on the country the
early nineties of the last century), explaining that (deletion will support and enhance the strength of the dinar globally and regionally),
pointing out that (process delete Similar got in many countries of the
world to improve the economy and then this process will be great
interest in Iraq).

And on Iraq's transition in 2014 to the international donor Male panic that (Iraq,
according to the available data now will be one of the most important
donor countries in the world in the face of rising oil exports, as well
as its contribution to the IMF and the growing economy).


For his part, predicted a member of the Knesset Finance Committee
good Auzmn that affect the issue of central bank and recent tensions
banking on delayed replacement of the currency and delete the zeros to be implemented early next year.


And Auzmn said in a statement yesterday that (the Finance Committee
and the central bank announced earlier in the currency exchange and the
deletion of zeros early 2013 but continued tensions case the central
bank without finding solutions would delay the implementation of the
project until after next year).

He added that the (delay implementation of the project deletion does not affect the currency as much as affect the citizen
weighty money supply and increase their numbers when trading in the
domestic market), and explained Auzmn that (deletion of zeros will
reduce the rates of current inflation resulting from increased money
supply for the lack of supply of goods and services).


With regard to the transformation of Iraq to the international donor
central bank stressed that Iraq will turn to the international donor
after 2014.

The
deputy governor of the Bank the appearance of Mohammed Saleh in a
statement yesterday that the (World Bank request from Iraq to be a
member of the International Atomic aid and become a donor her),
indicating that (the government is considering topic in collaboration
with the World Bank), and added the appearance that (grants offered by
the bank International Iraq was left only a billion dollars, will be
spent on the infrastructure of the country), and confirmed that (these grants and aid will end in the year 2014).


He appearance that (the World Bank would be for Iraq after this year
Bank of knowledge provides technical advice and expertise, training
courses and development), stressing that the (bank put a
watershed in 2014 to be so Iraq has exceeded the ordeal and will not be
providing any assistance to him after this date).

LINK

AGAIN I WILL PLACE A REMINDER ARTICLE HERE:

The IMF extended loan Iraq until February 2013

08/04/2012


JD/Baghdad/...The IMF announced on his agreement with Iraq through
which their loan extended for seven months until February 23, 2013 for the Iraqi Government to implement a range of actions in the exchange-rate regime in the country. The IMF statement that "changes the agreement expired on 23 July last was at the request of the Iraqi Government."


The statement added that "the total funding available to Iraq nearly
1.96 billion dollars." The IMF Executive Board had approved on 24
February 2010 at the standby credit agreement for a period of two years
worth of 38.2 billion special drawing rights, "about 58, 3 billion
dollars" and also approved extended for five months until
July 2012 with the modification of Exchange based on the shift in
funding needs. Total resources currently available to Iraq under the
agreement to the equivalent of 24, 1307 million special drawing rights,
"about 96 billion dollars.

LINK

My observation on the two articles above and then some:


So we have an article from November 1st that says they will delete
zero's early next year, and that as of 2014 Iraq is on their own and
will become a DONOR country. We have an IMF article from August that has
extended the standby agreement until February 2013, because it expired
in July.... AND they said within the article that the extension was "to implement a range of actions in the exchange-rate regime".

If the IMF agreement expires in February and they have also extended until July 2012 a modification of exchange
based on shift in funding needed, and we have been told time and again
by CBI that they can NOT delete the zero's in the middle of the year, (see here) it has to be done at the beginning of their fiscal year... a


nd we know that Iraq's fiscal year begins on January 1st, along with
the article that came out a few days ago saying that the 2013 budget
would be in new currency and free of zeros (See HERE) which they have said several times throughout the year of 2012,


I just don't have time to look them up right now, but this has been a
source of panic for parliament. . . that would give plenty of
information for one to assume that January 1st or before,


Iraq would need to make the move to switch the currency and be ready
for the budget on January 1st and completed before the IMF deadline
expires on February 23, 2013.

Unless the IMF comes out with yet ANOTHER extension...

and ... DONT forget... December is the month that Kuwait has said, they will lift Iraq from Chapter VII. (See HERE)
Which will allow CBI to be free to go international, something that
could not be done while under sanctions... and speaking of
International...

the ISX has been set to go online or live INTERNATIONALLY in Arabic AND English via NASDAQ software in 2013.

You can find that HERE and HERE. And one more thing, in order for Chapter VII to be lifted, HCL will have to be complete according to the UN (see here) OK, just wanted to share some pieces.

Blessings! Miskebam

COME ON FLOAT, COME ON RV, COME ON, COME ON, COME ON.... :reinderr:

What did I say earlier?:shock:

Miske done a very good job with the above articles! I believe sometime in the near furture we are going to see the 1.134 RV and a float and then next year when they release the New Currency, which is different than the lower denominations we may see a complete RI.
AJ

I hope it plays out that way AJ.

Wake me up when it DOES happen-