8-21-2013 *Loechin ~I am really looking forward to something happening today sometime...The day is way to young ...Things are awesome as we speak.
8-21-2013 *TNT Tony ~This morning our favorite people were called in again. These people at the call centers, banks, etc. are prepared. They tried again last night and it still wasn't 100%. Will they keep trying? Yes, until they get it right. It's back to a technical issue we didn't know about. The issue is going out to each branch. We don't know when it'll be fixed but they are prepared for it again. They're trying to get this done now. If they were going to wait until January or April, they wouldn't have been training all their people and calling them in everyday to work.We talk to Iraq daily, their cards are loaded & they're spending money and they're saying they don't understand why we're not seeing it here. Contractors have the current 3.44 revalued rate. They had a meeting and the rates have been agreed upon and we are waiting to hear the present rates today. We heard from DC that the issue is with the system. That is what I am hearing from our people as well. So we know it is in fact the case. We have guys watching forex live in the middle of the night & for the last 3 nights, countries have been pinging like never before. [do you think this will go into September?] No, they don't want it to go that far.[Will the UST tell the banks the rates] Yes, they are the final authority. They have given the rates and there are no holds on them, but they are waiting for the authorization codes to do the actual transactions. [How confident are you we'll see the RV soon?] I'm not because we should have seen this by now. [Regarding the 30 days, could all of these delays the USA is causing affect that?] No, it's not about a date, it's about a limitation on the CE, the 30 days is to prevent smuggling. [What's the latest rate you've heard on the VND?] Over $3.[We know this can't drag on forever. If you had to bet on it, when is the latest you'd think we would RV?] They could drag it on forever; now that the Iraqis have money things have calmed down. I liked that pressure point. Now it's more political, even though they've agreed 4-5 times on the rates. But the longer we wait the higher the rates go. They're saying everything is done. 4-5 countries have sent in their people to help either fix the problem or observing to make sure we're not doing anything wrong.
8-21-2013 *Loechin ~[do you honestly feel we are very close to the rv?] I do [early this morning you said that the day was still young. Do you feel the same way now, or do you think we are looking another few days or weeks?] Nope all is well.
8-21-2013 *Stryker ~Article Quote "Office announced the implementation of Article 140 of the Constitution, in the province of Dhi Qar, the arrival of more than 600 instrument, noting that the Bureau proceeded distributed among beneficiaries." It sure looks like article 140 has been implemented, at least according to this article. If this can be confirmed then things are being done and not being widely announced but could be more of the clues we have been waiting for.Article Quote: "indicating the possibility of submitting a supplemental budget in July next inserts the agreement between the federal government and the Kurdistan Regional Government." It tells me that the agreements between Maliki and Barzani in April are being implemented and the midyear supplement budget of $14 billion must have been approved without our knowledge because these funds were part of the agreement. These funds are benched marked to include Article 140, payments to Kurdistan for their Military, payments to Oil Contractors and other expenses. Article Quotes "The Oil and Gas Law, the rights of the Peshmerga and Article 140 are among the most important issues to be discussed." "It is worth mentioning that during his recent visit to Baghdad, Kurdistan Region's Prime Minister, Nechirvan Barzani, met with the Federal Cabinet, discussing with them the seven points of Erbil Agreement, they got initial agreement." That says that all the outstanding Erbil Agreements are going to be implemented... If in fact, the Article 140 that almost everyone said could not get implemented because of all the disputes is implemented, then the rest is being completed without our knowledge.
8-21-2013 *Loechin ~We have heard a lot today about mis alignments, countries upset, computer glitches and the list goes on and on. I can tell you the truth that is after talking with the people I talk with on a daily basis, I was not able to confirm that there were glitches or issues. All I can tell you is this. The system is working as of right now, there are no holds, no bumps, and no glitches. We look forward to the next several days which should guarantee our new life has begun. The rates are extremely high for both IQD and VND. I caution you to get your appointments and secure your reserves as soon as possible. GO RV!
8-21-2013 *Administrator Bob ~Article Quote: "...will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar." The CBI is stating they are going to float the dinar. That is what 'open monetary policy' means. Turki is going to just let it go. Key here is 'new theme' which is the float. This is the mechanism to raise the value. Floats take time. They expect 'significant' contribution by then. That means the float will start ASAP. By June 2014 it could be 1 to $1 so they can delete the zeros.
8-21-2013 *Poppy3 ~there is zero global reset...yes many countries that trade with iraq will have to make adjustments to their currency for the purpose of trade with iraq and other mid east countries. YES THIS IS HAPPENING AND EVEN THOUGH I DON'T SEE IT THIS WEEK I STILL THINK BEFORE THE END OF THIS WEEK WE WILL HEAR AND HAVE A BETTER IDEA OF WHAT AND WHEN TO EXPECT TO SEE SOMETHING HAPPEN IN OUR FAVOR. THE HEAT IS OWN AND FROM AROUND THE GLOBE PRESSURE IS BEING APPLIED. POPPY3
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8-22-2013 *Jester ~[So if CL starts this at 3.44 will we add oil credits on that or let it float first?] THEY WILL ALL COME OUT AT THERE ASSESSED ASSET VALUE... WHATEVER THAT IS WILL NOT FLOAT THAT MUCH... REMEMBER ASSET BACKED DOES NOT GIVE MUCH ROOM FOR CHANGE UNLESS SOMETHING BIG CHANGES IN THAT COUNTRY...
8-22-2013 *Arthur ~EVERY MONTH AS WE GET NEAR ANOTHER 1ST OF THE MONTH WHERE 99% OF RV'S IN RECENT HISTORY HAVE OCCURRED...I SAY THAT IT CANT GET ANY BIGGER - BUT AGAIN THIS TIME I MUST SAY THIS ONE WILL BE THE MOST HIGHLY ANTICIPATED FOR ME TO DATE. ALL RV'S OVER 50 CENTS HAVE OCCURRED IN APRIL OR SEPTEMBER AND THE LAST TWO IRONICALLY WERE DONE BY IRAQ WHO DID IT TWICE. - WHEN? IN SEPTEMBER BOTH TIMES! IT IS ALSO NO COINCIDENCE THAT SEVERAL MAJOR BILATERAL FINANCIAL AGREEMENTS SUCH AS THE ONE EARLIER TODAY - WITH THE BAN LIFT BY JAPAN REBUILDING IRAQ TO INTERNATIONAL STATUS HAVE BEEN SIGNED AND WILL BE FINALIZED DURING THE CURRENT SESSION -JUST IN TIME FOR THEIR APPROVAL TO JOIN THE UN GLOBAL COMPACT -WHICH WAS A COLOSSAL STEP WE NEEDED - HOPIUM IS ALIVE AND WELL AND GETTING VERY EXCITING YET AGAIN AS WE APPROACH SEPTEMBER 1ST.
8-22-2013 *Doc ~We are looking at several articles that can be paraphrased as "the CBI reported to the House of Representatives that it was putting a new mechanism in place that it believes will result in a significant raise in the value of the dinar versus the USD by June 2014". This pretty well debunks the "at any moment" hype. If you believe the CBI is going to do a straight RV then these articles say you are looking at waiting until June 2014 for it to happen. The real message here is most likely they are preparing for the float mechanism we have been speculating for several months. We are expecting this to happen reasonably quickly such that there is significant increase in the value by June 2014. How high will it go by then no one knows. In a free float scenario the market will determine the value. Our speculation is Iraq would like to see it around $1 so it can dedollarize. We caution all to not plan for this because in a free float scenario it is the market that will determine the price. Any bad news like civil unrest or a fall in oil production will have sever negative impact on the value. However, this encourages us greatly in that it appears there is a firm plan to begin appreciating the dinar in value. We report, you decide.

