Sat-Okie-Late night

11:37 PM [OKIE OIL MAN] JUST LANDED AND WANTED TO INFORM YOU OF UNEXPECTED MARKET CRASH--UNEXPECTED G-7 MEETING---UNEXPECTED WORLD BANK AND IMF WANTING A PERCENTAGE OF THE R/V--SEE HOW WORLD EVENTS CAN PLAY HAVOC WITH PREVIOUS PLANNED EVENTS?? THIS IS THE MOST PRIME EXAMPLE OF WHY INTEL CHANGES FROM DAY TO DAY I HAVE EVER SEEN AND NOW MAYBE YOU CAN UNDERSTAND WHY SOMETIMES MY INTEL IS OFF--WHO CAN PREDICT FUTURE EVENTS WITH ABSOLUTE CERTAINTY BUT GOD--I CERTAINLY DO NOT PUT MYSELF IN THAT CATEGORY BUT PLEASE UNDERSTAND BY WHAT YOU'VE SEEN HAPPEN IN THE PAST FEW DAYS WHY INTEL CHANGES FROM DAY TO DAY. IT DOES NO GOOD TO TRY TO MAKE ME FEEL LIKE IT'S MY FAULT BE SAYINT---"YOU SAID"---YES AT THE TIME I DID SAY---BUT SEE HOW THINGS CAN TURN ON A DIME??---TRY TO HOLD THE WIND----CAN'T DO IT?----THEN TRY GETTING INTEL---JUST AS HARD----IF YOU DON'T SEE AND APPRECIATE THE INTEL THAT AT THAT PARTICULAR TIME IS ACCURATE AND IS FREE OF CHARGE---THEN TAKE YOUR INTEL SEARCH ELSEWHERE---I WON'T MISS YOU A BIT
11:43 PM [OKIE OIL MAN] DEBBY--WE'RE(AT THIS EXACT MOMENT) GOOD TO GO NEXT WEEK---(STARTING TOMMOROW) I HOPE I ANSWERED THAT SIMPLE ENOUGH FOR NO FOLLOW UP QUESTIONS WORDED DIFFERENTLY ON THE SAME SUBJECT
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THANK YOU OKIEEEEEEEEEE! :cheers: :queen:

[OKIE OIL MAN] ARKANSASDINARIAN--NEXT WEEK--WORLD EVENTS WILL EITHER INFLUENCE IT TOWARDS FIRST OF WEEK OR AT LEAST LAST OF WEEK AS IT CAN NOT AND WILL NOT GO ANY FURTHER AS PER IMF AND BIS AND WORLD BANK AND UN AND UNSC AND USA-------

[OKIE OIL MAN] AT THIS EXACT MOMENT (AND BY NOW YOU SHOULD HAVE LEARNED THINGS CHANGE) INITIALLY WE WILL BE PEGGED TO THE USD--THEN LESS THAN A YEAR IT MAY (MAY BEING KEY WORD HERE) BE PEGGED TO THE POUND--NOW NONE OF THIS IS SET IN STONE AND COULD POSSIBLY THROW A CURVE BALL AND BE JUST OPPOSITE--THINGS ARE CHANGING VIRTUALLY DAILY ON THE INTEL ON THE PEG

I Believe :happyjoy: :cheers:

Hello Okie, If someone cashed out in Egypt on Aug. 6 th. for $3. plus, why can dinar still be bought from Iraq for $1168. per million today? Thanks for all you do.


August 6, 2011 · Posted in NEWS (Iraq & World Currency) · Comments Off

Iraq ‘plans to trim zeros from currency’

Baghdad: 2 hours and 26 minutes ago

Iraq plans to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to simplify financial transactions, a senior central bank official said on Saturday.

Central Bank Deputy Governor Mudher Kasim said he expected the new currency to be used in the market in three years and it would have no impact on inflation.

‘This will facilitate the payments system … instead of carrying a lot of money, we will carry less. This is an important reform,’ Kasim told Reuters.

Iraq is recovering after years of war and sanctions and oil still dominates the economy, accounting for 95 per cent of government revenues. Investors complain Iraq’s still heavily centralized economy is mired in red tape and bureaucracy, and transactions are still often carried out in cash.

Kasim said planning and the preparation for reform was complete and the proposal would be handed to the government in the next month. It would also need parliamentary approval.

Iraq’s central bank began discussing the redenomination of the dinar last year aiming to help ease financial transactions.

In Iraq many payments are still carried out in cash because of the underdeveloped banking system.

The Iraqi dinar is traded in auction at a fixed rate of 1.170 per dollar.

Iraq has 30 trillion dinars in circulation, Kasim said, and the project would bring liquidity to 30 billion.

He said the restructuring would include issuing higher categories of currency and the use of coins for the first time.

Iraq’s higher denomination currently is a 25,000 Iraqi dinar bill worth around $21. – Reuters

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