AJs Intel April 12, 2013

AJs Intel April 12, 2013

Good Morning All,

In the below article they bring up the phrase “The exchange rate of the dinar against the dollar began gradually returning to normal”, what’s this mean in the time this article was published? In my opinion and since the Dinar is at 1166 per US Dollar the phrase means the Dinar is returning closer to 1166 the rate published at the CBI website.

The article also goes on to say that the Dinar was stable at 1120 and then fell to 1125 and is retuning closer to 1120. So, is the
dinar piping up against the US Dollar? Yes, but is it where we investors would like to see it? No. Ok then, we must be responsible investors and be patient. The good thing is, at least the Dinar is moving from 1166 to 1125 and even as high as 1120.

The headline of the article states “The exchange rate of the dinar against the dollar has begun to return to the place it natural”, what does natural mean? It certainly does not mean the sanctioned value of 1166. But, natural means normal, so the below article is referring to the sanctioned value of the Dinar.


Parliamentary Finance: The exchange rate of the dinar against the dollar has begun to return to the place it natural

4.10.2013 | (Voice of Iraq) - Add a comment -

BAGHDAD / With: revealed the Finance Committee in the House of Representatives, Wednesday, for the start of the Iraqi Central
Bank to take urgent action to preserve the stability of the Iraqi dinar exchange rate against the dollar by increasing the outlets sold for hard currency.

A member of the Finance Committee Secretary Hadi in a statement received "news future" copy of "The exchange rate of the dinar against the dollar began gradually returning to normal after taking the CBI action was an increase of outlets selling hard currency."

said Hadi said "expand outlets for hard currency in Baghdad and the provinces and non-monopoly on a limited number of banks and banking companies will lead to stability in the Iraqi dinar exchange rate compared with the dollar. "

and witnessed the exchange rate of the dinar against the U.S. dollar declined during the past few days where he scored one dollar
rose against the dinar 1125 after it had been stable for 1120.

Read more: http://www.sotaliraq.com/mobile-news.php?id=95771#ixzz2Q4crr85K

Wednesday, April 10, 2013


The below article sounds of the taste of 1to1, in my opinion that is what they will do as a first hard currency RV to pull the large
notes and USD out of the market place. It would be quite brilliant really, if they came out at 1.134 and the US Dollar being at .82 to .86. The exchange rate difference would make bankers money!

On the international level the dollar is traded at 1.00,
(See (http://www.imf.org/external/np/fin/data/rms_mth.aspx?SelectDate=2013-04-30&reportType=REP ) .


On the economy level, that’s you and me, the dollar is traded at the internal level or value now at 82.40.
(See http://www.kitco.com/market/
)
If Iraq comes out in the first hard currency RV at 1.134 that would be a .312 exchange rate difference the banks will share
along the way with the CBI. That is a 31 cent profit for every dollar the CBI pulls out of the economy.


Mutlaq: Finance Committee discussed proposals that will create balance between USD and IQD

Published in: 11:48 am, April 11, 2013 by ipa 2

BAGHDAD (Iba) .. A member of the parliamentary Finance Committee Ibrahim al-Mutlaq, the committee discussed several proposals to create a balance between the U.S. dollar exchange rate and the exchange rate of the Iraqi dinar, adding that proposals relating to tax Emark and civil and open banks in all provinces.

He Mutlaq told the independent press (Iba) “The recent period has seen a big rise in the exchange rate of the dollar against الدينارالعراقي a result of some action taken by the Central Bank مادفع Committee of Finance to submit several proposals at its recent creation of balance and equality between the dollar and the Iraqi dinar.”

http://bit.ly/YpkYtB


In my opinion, Iraq is moving forward with getting their laws done as fast as they can so the economy can get a better kick start.
The below article is an example along with others that have come out in the last week or so, demonstrating the work Parliament has done in order to move the country forward.

In my opinion, Iraq must get these types of laws in place in order to do an RV/RI and if they do not Iraq will not come out of
Chapter 7, UN sanctions.

The new banking law 10/04/2013 12:00 am

Baghdad - Mostafa Hashemi called member parliamentary Finance Committee Najiba Najib State Council to speed up sending
the Banking Act to the new Parliament for the purpose of adoption. said in a statement (morning) that the new law will allow all Iraqi banks to exercise commercial activities and engage in direct investment after it was restricted Law old.

They indicated that the law will separate administration for capital for all banks, whether governmental or civil, as will at the same time the Central Bank of the direct supervision and control over the work of banks all. They noted that the last meeting was held in Amman with concerned issued the unified vision the need to speed up the passage of this law, which would improve the financial reality and the development of the banking system in Iraq. mentions that the central bank introduced last year a new draft law of Iraqi bank.

http://www.alsabaah.iq/ArticleShow.aspx?ID=44442


Are tier one and tier two level people cashing out? Anything is quite possible in today’s world, but I am not going to hold my
breath until I can see it with my own eyes or even start calling banks to see if I can cash in.

I consider it a privilege to even be in the spot I am with being invested in Iraq and I should hope you are of the same mind even though it’s taken so much time, but that is what investment is all about, time!

I know to some they would be in a better place if the RV/RI had already taken place, including me as I have felt a bit of a pinch
in the recent artificially created bubble recession and m2/m3 so called easing chasing more dollars after the same goods and services. As Americans we find ways to survive through thick and thin, it’s what we are forced to do during times of great need.

A good investor waits it out and bad investor gets worried and sells out and losses money, please do not be one of the later investors as the due is coming and hopefully sooner rather than later. All we can do is sit and wait! And I sure hope some of the other Dinarians around these sites are right. I would very much love to see 3.42 on Monday, but again I am not going to hold my breath until I see it with my own eyes.

Have the best Day of your Life and God Bless All,

AJ

I like the NATURAL value

Yes, we have waited longer than we wanted...BUT ALL GOOD THINGS COME TO THOSE WHO WAIT

I like Natural? Natural is good! Natural everything!

Lol...true true

Natural is green ... money is green ... works for me!

Kevind53 wrote:Natural is green ... money is green ... works for me!

Ya but, fiat money maybe green but certainly is not natural or even normal!