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Iraq dinar RV (Revalue) News Rumors Updates

02-Dec-2012  Intel Guru TerryK    a little bird tell me that we may see something later tonight or tomorrow,  no later than Thursday as that the key players that employ o [Obama] are putting pressure on him as well...china has control so i"m pretty excited that they are applying pressure...  now i have a big shot telling me that tonight looks sweet.  i have a trade platform group telling me tonight, so a lot of groups out there saying we are there.   i bet i got 50 calls today alone. Hong Kong source says 4 am eastern we should see it, change in the market.

02-Dec-2012  Intel Guru Freeway Bill   The RV will come and everything looks better than ever before, but nobody knows exactly when.

02-Dec-2012  Newshound Guru Kaperoni   When Shabibi went on TV/skype after he was removed he made it clear there was a difference in monetary philosophy between himself and the GOI.  He said there were numerous meetings with the GOI wherein they tried to impose their monetary policy, the govt, meaning Maliki kept saying you should do this, you should do that.  Shabibi’s position was that CBI was independent of the GOI. 

02-Dec-2012  Intel Guru TerryK    ONE US GOVERNMENT DUDE TOLD ME TODAY THAT THIS MAY GO DOWN SUNDAY NIGHT WHEN FOREX OPENS BUT ANOTHER TOLD ME THAT SINCE ALL THE PP [PROSPERITY PACKAGES] DID NOT GO OUT AS PLANNED IT MAYBE ANOTHER WEEK.  SO HERE WE GO AGAIN ANOTHER WEEK.  I HEAR [OBAMA]  IS STALLING FOR 40% TAX.  IT'S DONE IN IRAQ.   CHINA IS PUTTING THE PRESSURE ON.  I'M HOPING THAT WHEN THE FOREX OPENS SUNDAY NIGHT WE MAY SEE SOMETHING.

02-Dec-2012  Newshound Guru Tlar   So IMHO unless Maliki specifically attempts to stop this from happening, I see this law taking affect the first quarter of next year maybe in January.   It is already on the books.  Theoretically if it does go into effect as it is supposed too, the currency  must be already in place with it's new value.  They can't let this law be activated without raising the currency  first or it will cause undo damage to their economy.  I truly am happy to see all these articles pushing this law to the front burner.  Parliament and the GOI know this is an issue that must be dealt with in steps.  Currency first, tariffs second.  [post 3 of 3]

02-Dec-2012  Newshound Guru Tlar   Iraq has already delayed this law two times.  The last time parliament delayed this law was June of last year as stated by the article above.  They postponed it until January of 2013 but they put a stipulation on it that it was not to be delayed again.  They tied this stipulation to the law.   I also believe that parliament delayed it to coincide with Shabibi's stated date to introduce the new smalls, also in January.    [post 2 of 3....stay tuned]

02-Dec-2012  Newshound Guru Tlar   Article:  "Rikabi: customs tariffs pending the introduction of electronic technology as a system to prevent corruption at border crossing points"  To me these are positive articles.  They say two things to me.  The first is that  the articles say  tariffs are postponed until 2013. They don't say when in 2013 but many previous articles saying essentially the same thing, have indicated that it would be in early 2013.  The second thing that is important is we know and the government has implied, they can't introduce the tariffs until they raise the value of the currency.  It is too inflationary.  If we assume that earlier articles stating the early part of 2013 are real and still on target, then it follows that the new currency value would have to be in place before then.  I've always said that the tariff and tax laws, one of the three tools Shabibi told the IMF in 2008 he could use to control inflation and support the exchange rate, is the most important indicator of how close we are to an RV.   [post 1 of 3....stay tuned]

02-Dec-2012  Newshound/Intel Guru BGG   I cannot believe how much wild news (real news) there is currently about the goings on with the Government of Iraq (GOI). It would appear to me there are big changes on the near horizon for us. 

02-Dec-2012  Newshound Guru Kaperoni  You have to remember...that Iraq has sold between 6 and 10 trillion dinar outside of Iraq.  That was intentional.  It was the plan to disperse their currency into Central Banks around the world that will be held out there.  But they’re not in a position to pay for a high value on that currency but they can watch it go up by speculators and investors.  Given a float, speculators will buy and sell and it won’t cost Iraq anything to watch it go up and obviously their own currency in country goes up at the same rate therefore they are the recipients of the stability and increase of value of whats being held outside of Iraq.  That in my opinion is a fabulous plan.  [post 3 of 3]

02-Dec-2012  Newshound Guru Kaperoni   I personally have seen the trading room that was being constructed.  I have chosen not to talk much about it.  We’ve already said many times we know that contracts have been signed.  In my mind, despite what other people say that it will come out at $3 and $2 and all this other nonsense,  I know the facts and the facts are that this is being set up to float.  If it goes as planned when it floats, as dinar holders we are going to watch the dinar rise in value.  We don’t know how fast, it could be a few months to get to a dollar or it could be several months.  That’s the plan as far as I know.   [post 2 of 3....stay tuned]

02-Dec-2012  Newshound Guru Kaperoni   We know in reality that they can’t wait and that something has to happen.  The value of the dinar needs to begin to rise so that when 2014 comes they can kick this into high gear and say ok now we have value to our currency, now we can move forward, now we can remove the zeros.   It was the World Bank that said in 2014 they were going to be a donor country vs. a receiver of loans.  If nothing is going to happen for another 13 months it becomes pretty impossible for Iraq to become a donor in that period of time.  They’ve got to start raising the value and we believe again that it will be a float.  [post 1 of 3....stay tuned]

02-Dec-2012  Newshound Guru LoriC   No one knows the date or rate for sure, that's a very closely guarded secret but we do know that under article 46 the CBI has the power to make this move as they see fit and they've been saying January 2013 for quite some time now. Well, we're almost there now and we know Iraq and its citizens are suffering with a worthless currency. I can't see any reason to postpone it further.  [post 2 of 2]

02-Dec-2012  Newshound Guru LoriC    Iraq's goal is still to restructure their currency to make the IQD equal to the USD by the beginning of the new year. We should expect to see either the rate start to float up or a large revaluation any time now. There is a bogus report that the project will be put off until 2014. We've seen a hundred more that conflict with that and we know that it's there job to put out some disinformation. This revaluation has received far more press than they ever intended thanks to the Internet.   [post 1 of 2....stay tuned]

02-Dec-2012  Newshound Guru Mountainman   Iraq is one step closer to being released from Chap 7 with the new strategic partnership agreement they are signing during this next term. The statement said that this will pave the way for Chap 7 removal and enhance Iraq/Kuwait relations. The UNSC is running out of excuses to keep Iraq under sanctions and the international support for this cause is growing. 

02-Dec-2012  Intel Guru Hammerman  Maliki is not going anywhere and Shabibi is not going anywhere.  Shabibi was granted a 9 to 18 month extension on his term.  They do have someone to fill his position if anything should happen to him, he is training him, but he isn't going anywhere without an RV.  With or without Shabibi the RV should run smoothly.  There is a lot of info that the VND had been showing at $.47.  Let's see what happens.  I expect it to go as high as $2. - $2.50.

01-Dec-2012  Intel Guru BWM   OK, here's my timeline. I still have reasons to look between now and first quarter of next year. After that, I fear that things could escalate into 2014 but again, information changes daily so is there a chance this could happen now? SURE, but like every good discussion there are other factors you could say will cause this to take longer as many say that Iraq is in control (and I disagree completely).

01-Dec-2012  Intel Guru Winalot   I have been thinking about this...There are 1 of 2 things going on right now...or both...the after hours traiding that is going on with the IQD and the VND...1. Countries are trading among themselves, and 2.  banks trading off toxic derivatives. Here is how this would work:  I am a visitor to a town. I stop at the local hotel, request a room. The hotel keeper tells me it will be $100. I agree, but I want to look at the room first. I give him the hundred, and go up to look. While I am up there, hotel keep runs to the butcher, who he owes $100 for the beef  he serves, and pays him. Farmer runs to the grain mill, to pay for his feed, which he feeds the cows. The grain mill got the grain on loan, so he runs to the bank to pay off his loan, which is $100. The banker has a girlfriend, and uses the hotel, to whom he owes $100, and he goes to pay off his bill. Soon after, I come down, don't like the room, and get my $100 back.  Everyone is paid and i still have my $100.  until they get done horse trading... here we sit. I do think that they are about done, or we wouldn't be seeing numbers changing.

01-Dec-2012  Newshound Guru Med   all i can say after reading all the news is holy ***** this thing is about to explode.  it appears that maliki is pushing and pushing the kurds into a corner and he is looking for them to either buckle and then maliki is the winner takes all or he is looking for an actual fight.   i have seen nothing to make me believe that maliki wont use any tactic.

01-Dec-2012  Intel Guru Panda Express   There are a lot of currencies and a lot of pairings and a lot of things going on. I can’t imagine the technical stuff that has to go on to make this work. But we have watched a lot of these currencies that are in the same area and the VND against the Hong Kong dollar has been at .37 for the last three days. As we see these additional currencies start pairing up it leads us to believe we gotta be getting closer.  [post 2 of 2]

01-Dec-2012  Intel Guru Panda Express   [new guru]   It (VND) has been consistently trading against the Euro at 36-37 cents for over a week. Now that is a one-way pairing. In other words, you can’t run down to your local branch or currency exchange and do anything with it. At the close of business tonight (Friday) the USD against the VND overnight bid was $.58 and the ask $1.18.  It has been stuck on that for the last 48 hours. The USD against the VND has been fluctuating between 38 and 36 cents since November 16th.  [post 1 of 2....stay tuned]

01-Dec-2012  Newshound Guru Med  to me maliki is making a huge blunder in errors now he cuts the salaries of the kurdish military instead of calming the fires.   it seems like almost maliki is purposely trying to divide the country into a civiil war.  i wish i was a fly on the wall of the meetings when the big three talibani allawi and barzani meet. 

01-Dec-2012  Newshound Guru Mountainman  Saturday is a big day for Parliament. The House is voting on five laws including the Federal Court, Supreme Judicial Council, the first and second readings of the nine laws and discussing the work report of the integrity Commission. 

01-Dec-2012  Newshound/Intel Guru BGG   Article   "Khafaji: Allawi movements and Barzani to withdraw confidence is clear evidence of U.S. intervention for the purpose of forming three provinces/GAZETTE!"   Based on everything we have seen and current “back channel sources” – the US is now heavily involved…but I doubt the goal is a three-part Iraq. That is more “crazy Maliki rhetoric” aimed at stirring up sentiment against anyone opposing him and his “Nationalist – aka Dictatorial” tendencies.

01-Dec-2012  Intel Guru Bear5642    I really can't share some of the info I have because some people would get in trouble, especially me.  I have spoken to people way up and found that only one can be trusted.  That's with WFB.  I can tell you this, it is not in Iraq's hands any longer.  Both [Dong & IQD ?] have been showing activity with test rates.  Back wall is no later than january 2013.  Remember I am a pastor so I don't lie or fabricate any intel. I have my sources and just got a new one born and raised in Iraq married to an American in the USA.  Well I can tell you are extremely close for the RV.

01-Dec-2012  Newshound Guru Doc  The positive note is the report did highlight much progress in Iraq.  We find the speed of progress similar to watching paint dry.  However, progress is being made and we must remind ourselves this is new territory in the history of Iraq and to a large extent very foreign to their culture.  The bottom line is we continue to believe in the value of this investment but truth be told it appears we will have to watch the paint dry for a while longer.   We report, you decide.  [post 3 of 3]

01-Dec-2012  Newshound Guru Doc    It was reported by others that chapter 7 was lifted.  Unfortunately this was once again premature.  The report of the Secretary-General highlighted progress between Kuwait and Iraq but encouraged both parties to accelerate progress to COMPLETE all outstanding issues to which they both agreed.  Our question here is simple - how could Iraq be released when they have not completed all requirements for release?  The report also suggests the UN continue to be involved with Iraq through 2013.  [post 2 of 3....stay tuned]

11-22-2012  11-22-2012  Newshound Guru Bondlady    my sincere respect, admiration and gratitude goes to our timmy for all her diligence and her work she put in reading the new banking and investment laws she discovered passed on 11/18/12, i believe that was the date, and it was gazetted into law...no 1 has even realized or even has even a small clue on just how big and important these laws were to us and iraqs banking and investments...these laws are truly opening the door to go international with their currency and their country, they're preparing to come out of chapter 7 and become a major player in the world of huge big finance.

11-22-2012  Newshound Guru Doc   Unfortunately the news in our opinion is less than stellar. First and foremost it is quite apparent Maliki has been scheming since day one to been in full control of every aspect of Iraq.  This was amplified by Allawi in the London interview when he stated Maliki continues to block all reform efforts.  He now has or will shortly have control of the CBI.  You have to be very naive to believe anyone who replaces Shabibi will not be a Maliki puppet.  We also believe Talibani is most likely his next target and will watch as this unfolds.  And most probably in Maliki's near sights are the Kurds or shall we say control of the oil which basically controls finances.  With this under his belt Maliki will pretty well control Iraq.
11-21-2012  Newshound/Intel Guru BGG  Talabani, Barzani and Allawi are in Erbil now.  Najafi is planning to go tomorrow.  You are one amigo shy of the Erbil 5 & actually Sadr has been vocal of what he wants so there is no question of which way he will vote.  So you basically have a reformation of the Erbil 5 from the Springtime, happening today & tomorrow.  That is massively huge news. The central bank is ready, everything is ready, everybody is ready except for the political fat cats & they could be coming to a solution.   The next few days the news will be wildly exciting.  [post 2 of 2]

11-21-2012  Newshound/Intel Guru BGG   From now until Monday the flood gates are fixing to open.  There are 2 really big PR nightmares brewing for Maliki.  1.  Maliki's own group is thinking about hosting [interrogating] him in Parliament regarding the ration card.  Once you start messing with poor people's food, everybody hates you.  2.  The Russian arms deal is crooked and is about to blow up in his face.  Also, Iran is looking to move out of the Maliki era.  They want nothing to do with him, the U. S. won't talk directly to him with the exception of VP Biden and that is in the form of threats.  They are sick and tired of this.  [post 1 of 2....stay tuned]

11-21-2012  Newshound Guru Mike   Article:  "MP vows to reveal corrupt file the central bank soon"  There are certainly a lot of people that are going to be pulled down in this investigation of the C.B.I., and ...the number of people that were there and how they’re tied to the banks…And it does lead back to Maliki.  You can see that they’re starting to come out and kind of get things together and moving forward with that investigation.  It’s going to be a little bit slower, but... I really think it’s all linked to Maliki leaving, so we’ll keep our eye on it.

11-21-2012  Newshound Guru Adam Montana   Now...the HCL - it seems that a lot of people think this "should be done by now" and "why is it taking so long".  COME ON!  We are talking about something equivalent to a Microsoft-Google merger. This is NOT a small matter! It's not something that can be outlined on a napkin and pushed through overnight...OF COURSE it is taking a long time!

11-21-2012   Newshound Guru Med    I BELIEVE THAT MALIKI HAS PROBABLY MADE THE  MISTAKE THAT WILL COST HIM THE PM  AND POSSIBLY PRISON.  HE COULD GET AWAY WITH SOME OF THE OTHER MP'S  AND FIGURES  BUT TALIBANI WAS TOO MUCH OF A ICON FOR MALIKI TO MESS WITH,  ESPECIALLY SAYING HE HAD DEMENTIA  AND OTHER ISSUES.  THIS IS ***** THAT SADAAM PULLED, THEN AGAIN MALIKI WAS A STUDENT OF SADAAM.   I PERSONALLY THINK THAT MALIKI'S REMOVAL  IS BEST FOR IRAQ  AND FOR US.   IT MOST LIKELY WILL DIVERT A CIVIL WAR.

11-21-2012  Intel/Newshound Guru Poppy3   People are wanting to know more about the Vietnam Dong.  Nationwide people are learning that there is a viable possibility of an RV of the VND.  An article yesterday said that their GDP [Gross Domestic Product] and their volume of growth is more than double than anticipated so hopefully it will be a little bit higher RV than we anticipated. The status of it right now...I am expecting a call from contacts that deal with the international banking community and are on the ground over there right now.

11-21-2012  Newshound Guru Randy Koonce   Get your eyes off of dates and just on when the GOI gets there National meeting to happen.  If you expected to be wealthy without work involved then that will not be the case...if you expected it to happen overnight well that is not the case either...If you expect it to happen in Six months well that has not been the case either...so based on History of this event you cannot put a date on events to happen...Look for National Meeting announcement...Look for the National meeting to actually happen...Look for the Ministers to be announced...then we will look for the RV...Not until then will it happen...Breathe remember it does not matter how bad it gets over there they will eventually get it done...I admit that it has taken longer than anyone of us wanted but it will happen...Just keep looking for the national conference (National Meeting) this has to happen to announce the ministers, there will be no RV until the ministers are announced...RELAX.    [post 2 of 2]

11-21-2012  Newshound Guru Randy Koonce   Do not get discouraged, remember this is a political event not just an event...That is why there is not one Date out there that matters, Not 2013 or even this week...When you see the National Meeting take place you will then see the RV...Iraq does desire to have their GOI completed, they know about Maliki and so they will finish....One thing to keep in mind if Shabibi did not have control on what is happening there would have been an RV already because that is what Maliki tried to do..." as far as I am concerned I do not care on whether they have complete GOI or not."  So you can see that the Plan to put the GOI together is still valid.  All the Smoke that is out there is only distractions to the purpose they are striving to do and that is the National Meeting. [post 1 of 2....stay tuned]

11-21-2012  Newshound Guru Tlar   Article quote:   "Observers believe that Maliki's desire to bring Sunni figure place Talabani enters in this section private After that available to the al-Maliki may be compelling reasons for his decision is expected, including disease and aging Talabani, who pant signs of stress and even dementia."   [This] quote tells me that Talabini is on his way out.  More evidence that counters the hope that Talabini will ever bring a vote of no confidence to the parliament.  Evidently Talabini has dementia and that is proof that he is not fit for office, oh and he sides with those nasty Kurds.  I sure am glad Maliki was able to spot this before it becomes a problem.  I wonder if there is some kind of a law Talabini is breaking that Maliki could accuse Talabini of, allowing Maliki to remove him from office?  I feel pretty sure Maliki could recommend someone to complete his term as president that would be more than satisfactory to parliament.  Maliki is a great leader alright.  He is trying to "fix" Iraq and it appears that Talabini is of no more use.

11-21-2012  Newshound/Intel Guru BGG   Article:  "Kurdish MP: Iran told us to search for an alternative to owners (Iran is searching…poor translation)"   This is very, very bad news for Maliki. Iran is looking for his replacement, the US won’t talk directly to him (other than through the VP and then only in the language of threats). He’s in deep trouble. Good for us and the rest of the world. Ironically, this from a fairly credible news feed

11-21-2012  Newshound Guru Mike   Maliki seems to be in a little bit of hot water right now…I’d look for him to maybe end up in front of Parliament real soon… They want to hear about this case of Shabibi and the Central Bank but they’re trying to keep it quiet and on the Q.T. for now.

11-21-2012  Newshound Guru Adam Montana    There is a huge misconception amongst a lot of people. The misconception is something like this: "Since the average Iraqi makes X per year or day or hour now, there cannot be an RV because then nobody would work". This simply isn't true!  If you are in the middle of a pay period, and your currency suddenly gets swapped for a different currency,your employer is going to simply going to pay you in the different currency. They aren't going to pay you an exorbitant amount above what the agreed salary was...they will adjust...if the old Dinars gain value, hey - GREAT NEWS for those that have them!  But everyone else can expect to get paid or compensated in the NEW currency, and TOO BAD for them.

11-21-2012  Intel Guru Footforward   I believe that Shabibi is gone, don't know where, moved out of the way.  Shabibi has done everything he needed to do.  The GOI has no affect over the RV.  The HCL is done and if it is not they can use the old one while they work on the new one.  I believe we are in a process of acceleration.  Iraq is crying out for an RV & will not benefit from a low rate. Ban Ki Moon is going there to negotiate Chapter 7, they wouldn't be going there if Iraq still had things to do & weren't close.  I believe that they did try to RV Saturday night & it didn't go through.  I don't know why at this point.   This can still go anytime and I believe it has to be really quickly.  [post 2 of 2]

11-21-2012  Intel Guru Footforward   The dong will never be over $2, never be over $1, never be over $.50, ever, period.  It is very unlikely to be over $.20.  The dong will be lucky to come in at $.05, but it is still a great investment.  The  IQD will far out pace the VND.  The dong is not going to be the better option.  We have recently been hearing the dong is going to go early. The reason for this misinformation is so that you will sell your dinar & buy dong. There will be zero chance to double dip.  The dong & dinar will go together.  I believe that things are moving & going to happen.  This has to happen soon.  [post 1 of 2....stay tuned]

11-21-2012   Newshound Guru Kaperoni   we have some pretty compelling documentation that support that Iraq will honor the dinar at it's face or printed value at whatever the foreign exchange rate may be. 

11-21-2012  Intel Guru Blaino   we are getting continuing intel which confirms the fact that we are close: most recent...Someone involved in work ( an international body, financial in nature) directly related to the rv in the middle EAST... In iraq actually (most of the time) was not allowed to return home until the work of that project was complete in all respects. He/she/they came home last NIGHT!...so, the waiting grows SHORT.  Know that we are very close! I spoke about a "live rate" on a final hold since last THURSDAY...With a buy and a sell RATE...WELL.... It's still up! The hold on it is the type used for the final time frame before release...So they tell me!  
11-20-2012  Newshound Guru Kaperoni    as I said...unlikely Maliki would leave even if there was a vote of NC.   He thinks he is the only man for the job.  IMO, best at this point, to hold the GOI together and put out the currency under the current situation.  They wasted too much time already.

11-20-2012  Newshound Guru Tlar   Talabini cannot attack Maliki without shooting himself along with him.  Talabibi was listed as one of the newly found billionaires on the middle east list of billionaires.  On his salary this is quite a feat.  IMHO that's why he ran the first time claiming a health problem hoping this would be resolved before he came back.  He just wants to stay out of it but he keeps getting sucked back into it.  He is as corrupt as Maliki and if he is seen to go after Maliki.  Maliki has him by the ying yang.  In the early days Maliki sucked in a lot of guys this very same way allowing them to get rich during a period when there was very little accountability for money.  So - IMHO - it would really surprise me if Talabini doesn't just retire and leave the country.  He hates Maliki but is powerless (because of blackmail) in stopping him.   Let Maliki win.  Just RV the currency.

11-20-2012  Newshound Guru Med    BETWEEN 40 TO 60 % OF THE FUNDS ALLOCATED TO EACH MINISTRY FOR THE REBUILDING OF INFRASTRUCTURE EACH YEAR WAS RETURNED,  RETURNED.   IRAQ IS IN SHAMBLES AND THEY COULDNT FIND A WAY TO USE IT.  THIS DEFINATELY PROVES THE INCOMPETENCE OF THOSE WHO RUN THE MINISTRIES.

11-20-2012  Newshound Guru Breitling   Imagine Germany with all the devastation they had...Germany was back to pre-war level within 8 years, with the right policy.  So, when we look at Iraq, they have dragged their feet a little bit.  We know what they planned for their currency.  The U. S. took that model from Japan & Germany and from complete destruction, it took about 8 years to be back to pre-war level.  That's where the 10 years came from, they probably gave the 2 more years extra.  That has come up over and over, 8 - 10 years.

11-20-2012  Intel Guru Roger   I still hold the belief BOTH currencies will increase in value some day in the future when compared to the US Dollar.  At present, BOTH currencies are being artificially held low due to reasons known only to the few who control many things, but who have reasons for doing things aren't shared with anyone...Take it all for what it's worth...and be aware that just maybe some portfolio exposure in BOTH currencies could lend its reward sometime in the future.  [post 2 of 2]

11-20-2012  Intel Guru Roger   There's been considerable and growing interest lately in the Vietnamese Dong (VND).  Could it be that one day the VND actually outperforms and brings a greater return to holders of that currency than those who hold the Iraqi Dinar (IQD)? I personally haven't yet abandoned the potential the IQD will increase through a straight-up revaluation without a "re-denomination" wherein the "re-denomination" means the 3 zeroes are literally taken off the currency, but instead the term is to mean that the actual currency notes are physically being taken out of circulation (i.e. dropping of the three zeroes), which of course would mean a straight up RV with significant potential for increase in value. [post 1 of 2....stay tuned]

11-20-2012  Newshound Guru LoriC   Ban-Ki-Moon is headed to Baghdad to help broker the Chapter 7 deal. He's the UN spokesman so he will be speaking on behalf of the members wishes and all signs point to a swift exit for Iraq. Very exciting time for Iraq. There was also a positive report about Iraq possibly taking over as the leader in OPEC and that it would "make them one of the strongest states economically." Sounds good to me!!

11-20-2012  Newshound Guru Tlar    I would also say that Maliki found a sliver of a crack that allowed him to shiitecan Shabibi that thus far has worked, a thing he has been trying to do since early 2010.  He also is shrewd and smart.  As to how this affects our investment, IMO it does not effect it at all and most likely helps it.  The tension between the government (Maliki) and the bank (Shabibi) is over.  Maliki now has control of the bank.  Shabibi had already collected the trillions of dinar before he was removed.  That's a good thing.    [post 2 of 2]

11-20-2012  Newshound Guru Tlar   They are still blaming Shabibi for the drop in value of dinar.  Yes, he allowed fear to inter the street which in turn caused a buying panic of US dollars but IMO it was temporary and controlled, the purpose of which was to buy back as much dinar as possible around the middle east and Iraq.  Shabibi only let this go on because it was ultimately to the benefit of Iraq long term.  He saw this as an opportunity to repatriate trillions of dinar in a short period of time and 1189 per each USD he put out.  He bought back multiple trillions of dinar this way which after RV would save his country billions.  I would say that if this was Shabibi's plan he is a genius. [post 1 of 2....stay tuned]

11-20-2012  Newshound Guru Med  THERE WAS A REASON FOR TALIBANI'S 180 AND IT WASNT CUZ HE THOUGHT MALIKI WASNT DOING HIS JOB EVEN THOUGH HE WASN’T IT WAS LEAKED TO TALIBANI THAT MALIKI HAD PLANS FOR HIM AND IT WASNT TO STAY AS PRESIDENT.  HE FOUND OUT THAT MALIKI WANTS TO PUT A SUNNI IN AS PRESIDENT AND HE ALSO WANTS TO HAVE A CONFRONTATION WITH THE KURDS.  I SEE THAT MUTLAQ IS STATING NOW THEY HAVE MORE THAN ENOUH SUPPORTER FOR THE REMOVAL.

11-20-2012  Newshound Guru Adam Montana   I don't put any stock in these "announcements" of a timeline... they have been talking about replacing the currency since 2009, and they have given plenty of "dates", and none of them have came through.   I don't think they will release the new currency until they have a new rate, and they won't do that until the HCL is resolved.
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