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25 JUL 12 Central Bank decides to act to support the quota system, banks  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

25 JUL 12 Central Bank decides to act to support the quota system, banks

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25 JUL 12 Central Bank decides to act to support the quota system, banks  Empty 25 JUL 12 Central Bank decides to act to support the quota system, banks

Post by IQD4US on Tue Jul 24, 2012 9:18 pm

http://translate.googleusercontent.com/translate_c?hl=en&prev=/search%3Fq%3Dhttp://www.imn.iq/news/view.6887/%26hl%3Den%26biw%3D1280%26bih%3D520%26prmd%3Dimvns&rurl=translate.google.com&sl=ar&u=http://www.imn.iq/news/view.13966/&usg=ALkJrhir9-Y-AGrTw3QQl-gk17GnNL9Xqg



BAGHDAD / Center Brief for the Iraqi Media Network - Central Bank of Iraq announced that he decided to work to support the quota system, all banks and improve the commercial reality in the country.

Deputy Central Bank Governor Mohamed Mazhar's (Center Brief for the Iraqi Media Network) that "the bank had decided the introduction of the quota through interventionist policies, regardless of the Iraqi dinar," noting that "will give the shares of financial support from the Iraqi currency and as the capital of each bank in accordance with the new system which will support business situation in the country.

The quota in the trading system means the existence of a specific price ceiling imposed by the government to merchants and shop owners and requiring them to sell goods and materials at the price specified under any circumstances.

The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and managementof reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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25 JUL 12 Central Bank decides to act to support the quota system, banks  Empty Re: 25 JUL 12 Central Bank decides to act to support the quota system, banks

Post by Guest on Tue Jul 24, 2012 9:42 pm

"Regardless of the iraqi dinar"

IQD4us, what do you get from this...

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Post by IQD4US on Tue Jul 24, 2012 10:13 pm

Today I was involved in the biggest litigation of my life...so I have no take on this. Someone else take a shot after you review todays articles...

I know nothing, absolutely nothing, can't get pissed, can't get happy, don't even really care right now...this just takes my mind off other things and is a great release to research something that doesn't really affect me until either it bombs or pays..and no argument I can give can swerve it either direction....drained for once by something other than dinar

**raises glass** Salute
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Post by Guest on Tue Jul 24, 2012 10:30 pm

Sorry to hear buddy...

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Post by IQD4US on Wed Jul 25, 2012 12:50 am

You know, litigation is kinda like this roller coaster ride.

You know certain facts, you anticipate the other side. You move just so, talk just so, pause at the appropriate time, hold back information where they could anticipate your next move.. until just the right time..until they say something - show their hand so to speak. But they are doing the same thing...waiting for your mistake. Don't spittle when you talk - it can be interpreted as a tell. Remain calm at all times - even when they throw a curve ball, and watch like heck when you throw yours - but don't let them see you look.

We see reports, we see news reported in Iraq. We hear them talking, but we watch - like a hawk, waiting to pounce - waiting for thier tell - knowing they are holding back. More people buy - some because it is just coming to thier attention, some because of "pushers", some because they believe it is inevitable - but WHEN is the tell we watch for. We watch thier government - we watch our govenment - we watch the agencies they work with. And we wait....

In this waiting game though - it is the announcement from Iraq that they have entered the international currency market. We have no control over the outcome - we are just bystanders watching the action of the "court"...

In litigation there is seldom an instantaneous answer. Information is reviewed, case law studied, briefs checked for accuracy in presentation...and you wait...for the final word, and each side decides on whether to appeal - again anticipating what the result will be.

When they go internationally traded - will they start low, could it be an RI ? Will they come out high and decide it was a mistake...or will they be forced to change the rate because it is not what THEY anticipated? What next ? I can see where thier new govenment can be worried...these political figures ARE under the glass. They don't want counterfeiting. They already know they are not trusted, thier jobs are on the line. The future as a country in its whole - without losing Kurdistan. They are litigating among the blocs harder than I think I did today...

But did I win? Will I win in appeal regardless of which side appeals? Was I able to prove the law favored a ruling in our behalf...that -- THAT is the question.

Will Iraq be able to hold thier own? Is it a right decision ?? Are they following and will it be lawful and for the benefit of all Iraqi"s ? Can they make thier point without stalling and giving the powers that be an opportunity to crush them ?? Do they move too soon - not soon enough -- does it matter -- is there ANY reprocussion from deciding now -- how many people are involved in the misinformation - and can the government officials set themselves up to make a huge profit by knowing in advance - or does Shabibi have his own timeline and is the ONLY source of misinformation - directly to the government to keep them from profiting. Make them believe he is waiting for them to make a decision.

HA ! THAT'S IT ! gosh I hope so. Shabibi is "letting" the government believe they are in control - they have time. HE decides when exactly. They want to push it off under the guise that "all Iraq needs to be involved" while they stockpile Dinar. This puts a major seapration between the rich and poor - but since all the poor won't be at poverty level - the government wants to line thier pockets.

He has been making profit for CBI so that he can use the profits to pay for the currency he already ordered - then tell the government if they want to make changes THEY have to pay for it - budget it in...GENIOUS

Okay - that was just a blathering idiot destressing from thier day - but did I hit on it? Is it possible??

Again - we wait the final decision - but now that I can "feel" again - maybe there will be something unexpected....maybe there is hope for sooner than later...or maybe not.

JMH rant of the day...25 JUL 12 Central Bank decides to act to support the quota system, banks  490529750
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Post by Guest on Wed Jul 25, 2012 1:49 am

IQD4US, you seem like a smart guy and I always read what you have to say. I hope the rest of your week is good for you Smile And I hope the rest of us Dinarians get some good news too as to when this all might end (I'm still holding out hope for SEPTEMBER)!

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25 JUL 12 Central Bank decides to act to support the quota system, banks  Empty Re: 25 JUL 12 Central Bank decides to act to support the quota system, banks

Post by Kevind53 on Wed Jul 25, 2012 8:18 am

I believe this article is speaking of price controls. Not really a good sign, but not necessarily a bad one either. It depends on how/why they are used. However it seems that these are somehow tied to the banks, so I'm not quite sure what they are up to, price controls are normally used on things like commodities, rents, utilities etc. and rarely have anything to do with banks.

Perhaps they are talking about controlling the price of the dinar/dollar at the local level?

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 25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865  25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865  25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865  25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865
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25 JUL 12 Central Bank decides to act to support the quota system, banks  Empty Re: 25 JUL 12 Central Bank decides to act to support the quota system, banks

Post by clayf on Wed Jul 25, 2012 10:56 am

Shabibi: Two British and German responsible for new Iraqi currency.......heres a better one




Posted: July 25, 2012 in Iraqi Dinar/Politics
Announced the Iraqi Central Bank Governor, Sinan Shabibi, the bank
chose a British company and the other German, among many international
companies, to complete the process of printing the new currency
.



Shabibi said, in a meeting with the Finance Committee, House of
Representatives, the central bank chose the two companies for being
Tqoman (responsible for) print about 75% of the currencies in the
countries of the world, pointing
out that the central bank has reserves of currency what it takes to
process the deletion of zeros and coverage significantly.


For his part, announced the Information Office of the House of
Representatives, in a press statement, that the parliamentary finance
committee discussed the latest developments with Shabibi reached by the
Central Bank on the subject of the deletion of zeros and replacing the
national currency and the policy of the completion of this process.

The statement added that the
meeting discuss the issue of controls adopted in the currency auction,
and the size of the money supply in circulation.


The Shabibi: that the main reason for the process of deleting the
zeros due to the economic stability experienced by the country, and the
ability of the large cash with the Central Bank. And on the currency
auction Shabibi said: The process is like a window to enter the foreign
currency and raise the value of Iraqi dinar.........
http://thecurrencynewshound.com/2012/07/25/shabibi-two-british-and-german-responsible-for-new-iraqi-currency/
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Post by Guest on Wed Jul 25, 2012 11:14 am

Clayf, thanks Smile come rv!

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25 JUL 12 Central Bank decides to act to support the quota system, banks  Empty yes please snap

Post by clayf on Wed Jul 25, 2012 11:31 am

punisher wrote:Clayf, thanks Smile come rv!
I know right!!!! But Ill count the blessings on this one and say that I havent been on this ride as long as some other hopeful dinar speculators ..... Man this baby at times has been grueling and still is quite the patience maker........Lord !!! Thank You!!!...Amen!!!
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Post by Guest on Wed Jul 25, 2012 11:43 am

They just released their budget...wonder if this means anything important with the rv...

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Post by Terbo56 on Wed Jul 25, 2012 11:45 am

Possibly only 'in country', but not in the U.S.-:(
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Post by Guest on Wed Jul 25, 2012 11:46 am

In due time terbo this will end...hopefully with a happy ending.

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Post by Terbo56 on Wed Jul 25, 2012 11:51 am

Agreed- Let's keep our fingers, and everything else crossed!!Very Happy :cheers: ☀
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Post by Guest on Wed Jul 25, 2012 12:58 pm

If anything i hope we can get our money back that we invested should this go south...

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Post by Terbo56 on Wed Jul 25, 2012 1:09 pm

We will get some, but not all, including the money that was sent to them just to ship it- We will get a baseball bat busted off in our arss if this doesn't come to naught- We'll get back what it was worth when we bought it, as in $22.50 for a 25000 note, if that tells you anything-affraid Mad
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Post by Guest on Wed Jul 25, 2012 1:28 pm

If this investment fails it will be a learning lesson...

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Post by Terbo56 on Wed Jul 25, 2012 1:31 pm

Yes, we will- It's called 'Never bend over for currency investments'-Laughing affraid 25 JUL 12 Central Bank decides to act to support the quota system, banks  3973136183
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Post by Guest on Wed Jul 25, 2012 1:43 pm

@terbo56 wrote:Yes, we will- It's called 'Never bend over for currency investments'-Laughing affraid 25 JUL 12 Central Bank decides to act to support the quota system, banks  3973136183

I would never invest in currency again!

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Post by Terbo56 on Wed Jul 25, 2012 1:52 pm

Speaking of investments, has anyone heard from AJ Anderson? I thought he would be back by now, although he probably got tired of all the crap and went to another site- Anyway, I just thought I would ask-I know he was having family issues, but didn't think he'd be gone that long-:?:
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Post by Guest on Wed Jul 25, 2012 3:33 pm

He is still m.i.a.

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Post by Kevind53 on Wed Jul 25, 2012 3:34 pm

I was thinking about him the other night myself ... wishing he was around to help decipher some of this crapola. I wonder if with all the changes if he got the info on the updated site?

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Post by Kevind53 on Wed Jul 25, 2012 3:39 pm

His last visit was June 20th ....

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Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865  25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865  25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865  25 JUL 12 Central Bank decides to act to support the quota system, banks  2805820865
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Post by Guest on Wed Jul 25, 2012 3:51 pm

Ok, thanks.

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Post by IQD4US on Wed Jul 25, 2012 5:14 pm

OMG 25 JUL 12 Central Bank decides to act to support the quota system, banks  927261665 You will not believe this. This dinar investment IS just like litigation. We just got word that the Judge has "continued" the case .. needs clarification. Now we all wait for him to receive this information and GO BACK TO COURT.....where we present, argue, new closings, AND WAIT SOME MORE.

ARRRRRRRRG 25 JUL 12 Central Bank decides to act to support the quota system, banks  490529750 You'd think I've never done this before scratch


Last edited by IQD4US on Wed Jul 25, 2012 5:55 pm; edited 1 time in total (Reason for editing : sp)
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Post by Guest on Wed Jul 25, 2012 5:52 pm

IQD4us, good comparison.

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Post by Terbo56 on Wed Jul 25, 2012 5:54 pm

Kevind53- I'd like to hear from AJ- He's a good 'ol boy- I miss his 'dry' humor-Smile
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