Militia Man They were definitely coming after Alaq. Why? Because their cash cow…is getting dried up and obviously they’re getting squeezed. You not only have people in Baghdad getting squeezed you got people in Kurdistan area are going to get squeezed as well because they are on the wrong side of the trade. They have different agendas.
Samson “The Central Bank denies the existence of a shortage of cash liquidity and responds to the Parliamentary Finance Committee”
Clare Article Quote “The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh…pointed out that Iraqi oil sales are in dollars, and are deposited with the US Federal Reserve through an open account in the name of the Central Bank, which is managed by the bank on behalf of the Iraqi government.”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Economist on TV again talking about our banks. This guy we’re supposed to pay attention to says the Iraqi bank weakness right now is 80% of currency is in the citizen’s homes. FRANK: If you took everybody on the plant Earth that has bought dinars as an investment…investors that bought it for a return, if you added them all up, that number would be so minuscule compared to the number of dinars they call dinar mattress…I’ve always said we’re like a pimple on the back of an elephant. But the CBI is well aware of how many 3 zero notes are still in the streets of Iraq…
Militia Man Why would somebody bring out an article “Is it time to remove the zeros?” Because we already know they’re going to do something like that…Alaq said the project still exists…Alaq has talked about creating value and so has Al Sudani. Sudani has stated more than once that the dinar is stronger the dollar. Why would he lie about that? He might know things about that that you and I don’t know…Where we’re headed, that is probably a true statement and he’s probably not going to be considered a liar. He’s probably going to come out in history as one heck of a prime minister.
Kaperoni The discussion in Iraq is not an RV but a currency exchange LOP. Symposiums were held last fall to educate many of the citizens on such an event. There would be little to no gain, in fact, based on the numbers published it would be a loss if they did so.
Walkingstick [Aki Iraqi bank friend who runs a bank in Michigan] Question: “Have you heard the three zeros will coexist for ten year?“ Yes, we have heard about it but we did not hear the number 10. We heard that it would be over a long period of time. Duel pricing in the market would be controlled easier. Also, it would give the CBI longer time frame to collect the citizens 3 zero notes.
Samson Article: “Government Advisor: Al-Alaq’s upcoming visit to New York will support the protection and stability of the banking system“
Clare Article “Is it time to remove the zeros?” Quote: “with the use of electronic payment operations, the environment will be mature and acceptable for the idea of implementing the decision to delete zeros, and the process will be automatic without the citizen feeling it. But is it time to issue the decision?”
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy [his Iraqi bank friend] was explaining how our three zero notes will coexist for 10 years after they drop the three zeros…This is not a LOP…We don’t have inflation like other neighboring countries around us that have to lop. We can delete zeros and introduce…the lower notes because of the value that is being added. That’s purchasing power. FRANK: That’s always been the plan…I can’t believe they’re going to vie you these 10 years that Dr. Shabibi wanted. That’s incredible…Wow!
Militia Man Article Quote: “The Deputy Governor of the Central Bank of Iraq has confirmed work is underway to reduce the price of the dollar against a dinar in the coming days.” We’ve heard this before but we haven’t seen the end result yet. Why is that? Could they have been trying to do it before? Sure. Have they tried many times? They could have. Are they trying to do it again? The evidence support that this is what they are telling us – that they’re going to try to do it again. Hopefully they get this one done.
Zester [via PDK] There are…tons of rumors that some of the large groups are starting the exchange process this week… Please handle this update with care as the news has been all over the place today. That update was from pops [MarkZ].
Mnt Goat Once again, the Project to Delete the Zeros raises its head up. Yes, two more articles on it this period… There are other articles today related to the topic that help us understand and tell us they know what they have to do and its just a matter of time how and when they do it. The clock it ticking… tic, toc, tic, toc.
