smokem111 said: Hey SteveI, Happy Birthday Sir. I hope you had a great day with Marion and your family. Any update from you and your team is greatly appreciated. I know you work tirelessly for this site and in your private life.
I know you thought at one time it would be 3+ however Maliki really screwed up that opportunity for his own people. I’m just finally happy that there is someone there who actually cares for his country and people.
If it is 1:1 it will definitely be a start for the Iraqi people to start living better and able to afford the things they need in their daily living. Again thank you and have a great weekend. Scott
Stevel: It will be close to a one to one because of the iMF. Do not expect more at this time.
Stevel: I am trying to confirm some new events that are taking place. Most are a bit slow getting back because of time difference. Hang in there.
rideau130 said: It is likely a 2 step process …. first they will move to a 1:1 rate (or thereabouts) … after that in a few days or a few weeks they will move to the final rate in the 3.50 to 4.20 range.
Stevel: That is very positive and wishful thinking, but based on new evidence or our teams research has discovered, that will probably not happen.
merlin62 said: This is a blessing! It’s more than I ever expected when I ordered my first dinar. It will also be more money than I have ever seen at one time, in my entire life. I can still help some less fortunate than I have been but I might have to rethink my plan. I will still give thanks to God for his directing me into this investment.
buck72801 said: I agree as in its a reality rate
Stevel: May I ask you guys where you keep coming up with this “reality rate” phrase? This was something made up by the so called predictors (trying to keep it nice here) and I personally have not read it in any news article that came out of the CBI or any official government agency.
Can someone please share who made this up? Maybe it is from the CBI, but I sure missed it. Personally there is no such rate. Please prove me wrong here. Explain in your own words what the term “Reality” really means.
I think “Reality” is a number within your perception of what you personally feel would work within the global economy and not what can be supported by the resources by the CBI or its gold, oil and other assets.
Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
Dated December 22, 2015
Link to this document: http://www.imf.org/E…/IRQ/122215.pdf
wldcat03 said: Steve…I think, which I am probably wrong.. But I believe Millionday has stated for quite some time that their current currency rate is an imposed rate by the IMF.
Stevel: Yes I believe you are absolutely correct. I just did not want to start throwing out names her and want to be respectful. This goes to show you how one individual can create a new term that sounds perfect and the entire community adheres to it.
Do not get me wrong that this is a bad thing, but rather what we so want to hear and believe within ourselves and our minds. Steve
wldcat03 said: I dont mean to call Millionday out. Her intel and time are incredible and everyone on here is very thankful for her effort. I personally think that is where the term came from. Either way, I trust her intel and yours and patiently wait to see what Iraq’s next move is.
Stevel: I get it, and yes she cuts and pastes news articles and reports that and she gets paid very well for doing that on that site. That is not the issue here, but rather the concept.I am not challenging her news.
Stevel: This was a team effort and I want to be respectful and make sure what I share and when I share is ok with them. What we found is sure positive but sill not 100% a guarantee that it going to happen. Let me run this by them and respond back.
the assessor: Stressed global stock representative in Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies, which in turn will give the power of the economic process within the country.
He said in an interview «morning»: that the Iraqi economy at the current stage needs to be clearly defined, pointing out that the laws relating to the economic aspect is still pursuing regulations socialist formula in the economic management of the sector, while economic and trade process pursues an open economy approach or the so-called (the market economy).
He noted that this duplication of inevitably the economic file management will produce an economy is uncertain, Dhi different results, and here you must know that all the major industrialized nations rely open market that adopted in the production processes and import and export operations theory, and therefore, the state of commercial exchange between the countries process It must be built on a unified economic system.
He continued by saying that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency
This in turn will give the power of the economic process in Iraq. He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market,
there is no harm in raising the ceiling of printing the local currency as long as there are cash lid covers the domestic currency trading volume in global markets, also contributes to reduce hard currency emerging from Country, where traders will be able to import goods in Iraqi dinars, as well as an end to the black market phenomenon the fact that traders do not need to buy hard currency to finance their business operations.
Mahmoud said that linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally Iraqi against a basket of world currencies, helping to rewrite the business model of the private banks,
SteveI: This article (ABOVE) just posted my update for me. Now go read RMoore’s post about gold. (below) Why are they bringing this up now? I have a good idea.
Stressed global stock representative in Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies, which in turn will give the power of the economic process within the country.
Now Iraq is about to tell you what they are doing without me having to do my update. I have been looking for an article like this for a few weeks now to confirm our finding.
He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market, there is no harm in raising the ceiling of printing the local currency as long as there are cash lid covers the domestic currency trading volume in global markets, also contributes to reduce hard currency emerging from Country,
where traders will be able to import goods in Iraqi dinars, as well as an end to the black market phenomenon the fact that traders do not need to buy hard currency to finance their business operations.
keep the Iraqi dinar as an investment in the currency market is not pegging it to our USD but rather something else, and it is not oil.
So, here is the million dollar question to you, if you were to keep the Iraqi Dinar as an investment, what would it take for you to do this? A brilliant idea they developed back in December of this last year.
In order to call the IQD an investment, it has to be backed by something of value. Hint, not oil or our USD. This means no Revalue or Reinstatement but rather changing it to an investment.
Once you do that I will then go into more details about it. Best article of the century. Blessings, Steve
Post by RMoore :
Iraq ranked 37th among 100 countries in gold reserves
(IraqiNews.com) Baghdad – World Gold Council revealed on Saturday, that Iraq’s reserves of gold amounted to 89.8 tons, emphasizing that it represents 4.6 percent of Iraq’s reserves of foreign currency.
World Gold Council said in statistics published for the month of January 2016, and followed by IraqiNews.com “Iraq’s reserves of gold remained stable and did not change, reaching 89.8 tons,” noting that, “This amount represents 4.6% of its reserves of foreign currency.”
The council added, “Iraq did not buy gold since April 2014, in which it bought 15.16 tons,” indicating that, “Iraq is ranked the 37th among 100 countries, which has reserves, according to Global Central Bank for Reserves.”