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10am, August 30th, 2012  


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Our Blog Posts
News, Rumors, and Opinions in Dinarland Thurs. AM
The Seeker Of Truth - Post By BrunetteGranny PTR
Michigander Article & Comments - Post By Janna GET Forum
Med Chat - Post By Ksdunlap Dinar Speculator
The posts shaded in green are on our Iraqi News page
The below posts were in our 10pm email
Positive Tidbits - Post By Dinar Detectives
Responses To Questions For Dinar Speculators - Post By John Lee
Wednesday Evening Dinar Chatter
Milndollarbabe's Response To Questions
SWFloridaGuy Response to IBN emailed to us
Cruiser Chat and Prediction at Intel4U Wed. Evening
History of the Global Alignment by Cruiser at Intel4U Blog
SWFloridaGuy Update - Post By Dinar Detectives
The posts shaded in green are on our Iraqi News page
The below posts were in our 6pm email
Footforward Statement from The Big Call Tues. Night
7 Questions For Dinar Speculators - Post By John Lee
"This Is Totally 100% Rumor" - Post By Loco01 Dinar Vets
Tidbits & Opinions In Dinarland - Post By Dinar Detectives
Adam Montana Q & A Chat - Post By KCW Dinar Vets
Vic1tgk Chat with OOm&F Members Wed. Afternoon
PTR CC for Wednesday afternoon
Millionday RobinRedHed and Fresh Tuesday Night Chat
Bulldog75-Newly Revised Security Updates 01/13/12
Wed. Afternoon Dinar Chatter
The IQD Team~~Highlights Summary Replay Conf Call Aug 28
IRaqi Dinar Investments Why the Hype
"Magnolias" An uplifting Story emailed to Recaps Wed. AM
Prayer for those in Hurricane Isaac's Path by DebTarHeelgirl
News, Rumors, and Opinions in Dinarland Wed. Morning
The posts shaded in green are on our Iraqi News page
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[TLane] Ready for this thing to end... I am feeling that this is coming to an end... This week!!!

[sunshine]  Today is a great is a perfect day for us to recieve that RV blessing.... RV. praying Live Rate praying

[sunshine]  [cruiser] I will be away til Saturday. When I come back, I fully expect it to be post RV. [cruiser] Good night and God Bless each and everyone of you. JUST PLEASE PLEASE PLEASE STAY GROUNDED!!! DO NOT DO ANYTHING FOOLISH PLEASE PLEASE PLEASE!!! PRAYING

 [xyz] China's Wen Calls for Action on Europe Debt --> Expressing alarm at Europe's debt problems, Chinese Premier Wen Jiabao called on Greece, Spain and Italy to embrace budget cuts and get their finances in order.

 [weimar_police] interesting thing, the CBI board was updated today

 [Stitch] xyz seems all the news bodes well for our investment.... grin

[wanda] Stitch I know were getting closer, what's the new's?

[Stitch] wanda did you see cruiser's post from last night?

 [wanda] Stitch yes 10 day's should b tomorow right?

The seeker of truth

After years of searching, the seeker was told to go to a cave, in which he would find a well. 'Ask the well what is truth', he was advised, 'and the well will reveal it to you'. Having found the well, the seeker asked that most fundamental question.

And from the depths came the answer, 'Go to the village crossroad: there you shall find what you are seeking'.

Full of hope and anticipation the man ran to the crossroad to find only three rather uninteresting shops. One shop was selling pieces of metal, another sold wood, and thin wires were for sale in the third.

Nothing and no one there seemed to have much to do with the revelation of truth.

Michigander0131 5:26 pm edt 

[michigander0131] Jubouri warns submit a request to question bank governor in the event of not resolving the Commission's work Wednesday 29/08/2012

According to a member of the Finance Committee parliamentary Haitham al-Jubouri "the importance of resolving the committee in charge of following up the files of corruption in the Central Bank of Iraq."

Jubouri said that the committee set up by the chairman of the parliament of the heads of the committees of Finance and Economic parliamentary and Prime Control Bureau is now working to make sure the files and papers that prove the existence of operations of financial corruption in the Central Bank.


tudor: k


tudor: good question hmmm


tudor: hopefully to find the corrupt and not take down Shabs he is the best Iraq has


tudor: yes


tudor: they cant let them win
The below posts shaded in green
are on our Iraqi News page
Parliamentary source reveals (UR) for the disappearance of $ 12 billion central bank sales
Thursday, August 30 2012 10:03

Baghdad / Orr: I learned Agency (UR) of parliamentary source familiar with the report documented figures showed the disappearance of nearly $ 12 billion from sales of the Central Bank of Iraq within six months starting from 1/1/2012.

said the source, who after anonymity because of the sensitivity of information that "the vetting process took place with the Tax Authority and found that imports from the Iraqi border ports amounted to 100 billion dollars over a period of six months starting from the first of January of the current year which is a result of the transactions on goods included in the country worth 7-8 billion dollars. "


Zobaie Sunday reveals names (involved corruption issues) in the Ministry of Finance
Thursday, August 30 2012 08:41

Baghdad / Orr News: A member of the Parliamentary Integrity Committee Talal Khudair Zobaie about to hold a press conference on Sunday, is the disclosure of the names of employees accused of administrative and financial corruption. He said that corruption cases far from the Minister of Finance, and that those involved in these cases are employees of the ministry and to varying degrees end up as director general at the ministry. He Zobaie saying: that portion of those employees working in the administration of customs, and the other in the joints of the ministry other, noting that the Integrity Commission will decisive action to prosecute those employees to convert their files to the Supreme Judicial Council to be decided in the negligence and bring them to the special courts. Confirming the presence of many witnesses and documents condemn the defendants, to receive their just punishment.

Click for Link


A source in the Energy Commission confirms involvement Aftan files of financial corruption and manipulation to produce energy
Thursday, August 30 2012 07:25

Baghdad / Orr News : A source from the Commission on oil and energy parliamentary Ban current electricity minister Abdul Karim Aftan manipulated figures produce electric power rates in order to mislead the public opinion at rates higher than the original figures.

The source told (Orr) said, "The Minister of Electricity Abdul Karim Aftan manipulated figures rates produce electrical energy through his private office in order to mislead and delude the public opinion at a higher rate than original figures for production," noting that "such information confirmed and will condemn the minister when questioned in the House of Representatives. "


Iraq receives the shipment of us Abrams tanks deal

Baghdad/JD : Recognizes the Iraqi army is solely responsible for the security of the country, nine armoured us Abrams M1-A1 is the latest of 140 tanks requested by Baghdad from Washington, the US Embassy in Baghdad Wednesday.

US diplomatic circles said in a statement seen by AFP/JD/: "Iraqi army officially recognizes nine cargo tanks-1 No 1 training camp besmaih military base in Iraq on Monday 27 August.

Iraq had asked for 140 armored vehicles worth a total of $ 860 million in March 2009. Of this amount, $ 804 million paid by Baghdad and 56 million provided by the United States, according to Gary Ross, spokesman for the Office for cooperation for security in Iraq's Embassy,


Economists: foreign companies contracted unknown and inexperienced
Thursday, 30/08/2012 08:58 am

Baghdad / term : assured parliamentarians and experts in the field of economics that the entry of global investment firms sober to Iraq for investment is very slow, while companies are not known and little experience gained "lion's share" of investment, calling for the need to audit companies when coming to invest before they were granted import license.

A member of the Finance Committee in the House of Representatives Abdul Hussein al-Yasiri: There are a lot of international companies specialized either in Europe or in Asia or America ready to invest in any country that was including companies with first-class companies and secondary but remains on the state that are looking for investment to choose the company that help her and help in the completion of projects and service delivery.

added Yasiri according Agency (news): Iraq is resorting to firms secondary is known worldwide and has no similar acts in other countries to contract with them in strategic projects or service.


United Nations expects to achieve growth rate in Iraq 10.5%
Thursday, 30/08/2012 08:59 am

Baghdad / follow-term : forecast Economic and Social Commission for Western Asia (ESCWA) of the United Nations that the growth rate in Iraq during the current year 10.5%, and while confirming that the rate in the Gulf countries will be 4.5%, indicated that the oil revenues maintained at a high level in Under the "Arab Spring."

The director of economic development and globalization in the ESCWA Abdullah Dardari in a press statement on the sidelines Review Highlights of the Survey Report economic and social developments in the ESCWA region for the years 2011-2012, "The oil revenues maintained a high level historically under Arab Spring," noting that "this led to the creation of two poles apart for growth."


Central calls for traders and industrialists for the dollar
Thursday, 30/08/2012 08:54 am

Baghdad / term : called the Central Bank of traders and industrialists and laminates produced other to buy dollars from banks participating in the auction of foreign currency and the rate 118.9 dinars per dollar.

central bank said in a press statement: Those involved in the activity of the Iraqi private traders, industrialists and segments other productive carrying import goods and services and production requirements and supplies various development, submission to private banks to participate in the auction of foreign currency, financing Astiradathm through conversion or open letters of credit and commitment at an exchange rate of $ 1189 dollars per dinar and its observance. "

He added that access to the dollar "after having documents that prove they fundamentalism import and according to standard international norms of documentary credits and remittances and instructions issued by the Central Bank of Iraq in this regard."


Specialists: increasing numbers of oil wells "reel" without investment
Thursday, 30/08/2012 09:02 am

Baghdad / Press-term : seeks Iraq to increase oil production to 12 million barrels per day by 2017, through the development of oil fields, which began production in some of them since the forties of the last century, amid fears of a decline in the production of some old wells.

He says academic and oil expert Khalid Ajami Rubaie told the "long-Presse", "The production of oil wells Iraqi at the height of its energy, and scientific fact its operational very good," adding that "the decline in production in some wells a matter of course."

and added that the fields of Iraqi oil went through non-exploitation and stopped production for long periods during successive wars, but saw after 2003, "mutations quality" in the follow-up processes and optimization of production processes and increase production capacity.


Deputy for Iraq: invite the United Nations to intervene in the enactment of the oil and gas something "defective" on Iraqi politicians
08/30/2012 10:05 AM

Criticized a member of the Oil and Energy Committee MP / coalition in Iraq / Mutashar Samarrai, call the Federal Government of the United Nations to intervene in order to enact a law of oil and gas to solve the problems between Baghdad and Erbil.

Samarrai said in a press statement: The United Nations has a long history in resolving international disputes, But its call to resolve internal disputes in Iraq is something "defective" on the government and Iraqi officials.


Vice Kordstani: negotiating delegation will come to Baghdad after the return of Talabani to be the appropriate atmosphere for the National Conference
August 30 2012

MP for the coalition of Kurdish blocs Mehdi Haji, having meetings are continuing between the alliance Irbil _ Najaf, adding that the delegation negotiating will come to Baghdad after the return of the President. said Haji in a statement (of the Agency news): The committee formed from all parties Political participation in the regional parliament will most important outstanding issues between the federal government and the provincial government. added: that the delegation composed of the provincial government will come to Baghdad after the return of President Jalal Talabani to be air appropriate to hold a national conference. pointed MP for the coalition of Kurdish blocs to: that the alliance Irbil _ Najaf constantly in meetings in order to get out important political issues and study the reform paper submitted to the National Alliance in order to reach fruitful results.

The below posts were in our 10pm email
8-29-2012 Mountainman: The Iraqi President is returning in less than a week, the National Conference will commence once he returns, the Amnesty and HCL laws are both being passed and the Defense Ministers are being nominated. I can't think of better news than that. I think we're exactly where we need to be.

8-29-2012 Mike: I love these articles that shout out that we are in this proces, let the process take place. If you look at these articles that tell us something is going on with this currency - people who deal in this stuff are interested in it, that's exciting, that's very exciting.

The Central Bank has never taken a step back. They keep doing what they are doing other than adjusting their plan as they go. They are always constantly thinking, which leaves me to believe they know exactly what they are doing and are moving forward. If we are just patient it is going to happen.

Responses To 7 Questions For Dinar Speculators - Iraqi Business News

Barry says:
August 29, 2012 at 2:03 pm

Excellent and much needed common sense article. The entire self-centered blinkered reality of the "Go RV!" crowd is based solely upon a "me and my banknotes" obsession on the back of suspension of disbelief & manufactured hype, and consistently ignoring the blatantly obvious larger global impossibility on the flip-side of the equation.

There's no economic difference in the Iraqi Dinar became 1,000x stronger vs the $ in real-terms overnight, and the $ devaluing by 1,000x against a static Dinar. Hands up who thinks it's a good thing if Obama declared he wil devalue the $ by 1,000x tomorrow against a country the USA hopes to trade more with? Yet it's exactly the same thing!

BOBGETZ6] FYI As we get closer to a possible rv, there is something that will be a must. You must have at least two forms of ID. A photo ID such as a drivers license and a copy of a utility bill proving residence will work. I will use my drivers license, voter's registration card, a current electicity bill, and a proof of automobile insurance card. I tend to over prepare, but at least I won't lose my cash in position.

[goin4broke] BOBGETZ6 On detectives even Adam "10 cents" Montana is excited.

[Sparkles] goin4broke Thats interesting lol

[BOBGETZ6] goin4broke That would be a WOW!

amVox] BOBGETZ6 Why would you need a utility bill proving residence?

[Sparkles] bbme I wish this was really something we are going to do in the next couple of days

Milndollarbabe's Response To  Questions For Dinar Speculators

8-29-2012 Milndollarbabe (Response To Iraq-Business News: 1) "If the dinar becomes 1,000 times more valuable, it will   become 1,000 times more expensive to do business in Iraq. Do you think this   would be sustainable?"

OK FIRST OFF it wouldn't be 1000 times more expensive to do business   post RV. They are dollarized now and don't use the dinar for business   transactions it would GIVE them more purchasing power post RV and would help   them with their rebuilding of infrastructure to be able to complete projects   in a more timely fashion with a more valuable currency. This is an   invalid thought process.

8-29-2012 SWFloridaGuy (Response To IBN): Thanks Iraq-Business News for the article, great read and I agree with much of it. However, the goal for the IQD is to increase the purchasing power, maintain long-term stability and to be a globally traded currency.

Although there is still much work to be done, after decades of war, the CBI, Finance Committee and IMF have worked to improve the political and fiscal outlook by collaborating with senior parliamentarians, and Iraqi financial experts along with their international counterparts. Bloomberg just reported that Iraq's crude production overtook Iran's for the first time in more than two decades.

Last month alone Iraq pumped 2.984 million barrels a day, outpacing Iran's 2.963 million. Now just as they didn't get to their current value alone, I don't believe they can recover alone. I believe this is all part of a well-orchestrated plan and while the IQD will not be the world's savior by any means, it does present a unique opportunity to rebalance the system and for Central Banks to use this currency as an adjustment tool or stimulus during this global financial crisis.

[cruiser] Hi and good evening everyone!!!!! Guess everyone is on an excitement hangover lol

[cruiser] Well talking about the markets seems to be a waste of time, since it is extremely slow. Lol

 [Tenizen] cruiser Its crawling slower than a snail IMO

[jetpack] cruiser I think the question of the evening is will we see rv between tomorrow and sept14, I thinking we will and praying we will

 [cruiser] jetpack give you a better one. I am STICKING TO MY PREDICTION.

 [sananddan24] cruiser I like your prediction!

[RVPLEASE] cruiser when did the 10 day prediction end again?

[bbwantsrv] cruiser when is your 10 days over?

Yes, I understand that most who are able to view this only care about the IQD or the VND, since those are the currencies we are invested in. But lets look at how we go to this point in time. Here are some articles that will show everyone how long and what has led to this being so close to completion.

March 18,2009 U.N. panel says world should ditch dollar: http://www.reuters.c...E52H2CY20090318
September 9,2009 United Nations Proposes New "Global Currency": http://www.cbsnews.c...305-504383.html
February 10,2011 IMF calls for dollar alternative:

Why do they want to stop using the dollar as the central currency? 2 reasons off the top of my head:

1) The United States has an unfair advantage and can manipulate rates and print new money when ever they choose to thus effecting the global economy.
2) Wti the banking crisis in 2008, the Unites States almost crippled the global economy, and destroyed the U.S, in the process. This scared all of the other countries who realized what the U.S. had become. VERY POWERFULL.

Some may be still wondering what is the relevance in all of this. Why do I care about this non sense? Well you should because you and I own a piece of currency that we hope will re-value in the future.
8-29-2012 SWFloridaGuy: Although some foreign countries who are WTO members do use the USD as their primary currency, I don't believe that is the plan for Iraq. Iraq's goal is for their primary currency to be the IQD and eventually dedollarize.

We also believe this is an obligatory stipulation for accession where they are concerned. When the time comes, Iraq will lay out all their economic and trade policies that relate to WTO agreements, submit a memorandum and a panel will consider the application.

When the principles and policies are in place, additional negotiations will commence between Iraq and member countries. The terms will be finalized and submitted to the General Council. If 2/3 of the members vote in favor, than Iraq may accede to the WTO.

It's my opinion that Iraq will not be given full membership until they raise the exchange rate on the IQD and it becomes a more recognizable and internationally traded currency. Chapter 5 of the WTO handbook is an interesting read and may be applicable.
The below posts shaded in green
are on our Iraqi News page
Imported meat has become a substitute for local

Licenses prices in the markets

of Tikrit - Omar Adel : red meat is one of the supplements table Iraqi and almost to Aakhalo House Iraqis of meat, although small amounts when some poor families or needy, but consumption broader meat in various meals and days events constitute the basic material in many popular dishes famous which meets Iraqi family.

Today has become a phenomenon rising prices of red meat in the markets of Salahuddin province and the rest of the Iraqi provinces major cause of depriving many families and groups and different segments of this basic material, especially low-income or workers and Earners who make a living on subsistence limited daily, some replaced meat Iraqi Meat imported frozen for licenses prices, and there is no comparison between them and other fresh local citizens questioned the reasons that led to higher meat prices and shortages in the domestic market without raises this issue the attention of concerned government agencies competent to resort to imported product memory Tariq housewife 25 years pointed to the abundance of red meat in the Iraqi market but their prices are expensive, price of one kilo of meat from 16-20 thousand dinars, and this amount constitutes a burden on the families that consist of five or six people and Homadl average most Iraqi families, we housewives use the meat in preparation most snacks, It can not be dispensed with him for extended periods, Astadhana for domestic meat Balmistordh sold less than half the price of meat Iraqi, but we did not Nastasg taste, especially that some of them from the origins are unknown and remain for long periods in cold storage.


Almksusi demanding oil companies employ the unemployed and providing services to areas near the geographical location
Wednesday 29/08/2012

Juba - Special: Head of the Economic Development Commission of the Council of Basra expressed his dissatisfaction with the work of some of the companies operating in the province, noting that it did not provide services to residents of areas near its premises and in particular oil companies.

said "Mahmoud Almksusi" in a press statement that "companies investment took vast lands of the province of Basra, and most have achieved nothing for the people, not to mention discrimination happening for employees in these companies, and do not put privacy in recruitment mechanism through appointments and stressed Almksusi need to include grades for companies all areas of the province, and not restricted to the geographical area that resides where oil companies. demanded President of the Economic Development Commission in the House of Basra foreign companies to provide important services to nearby areas, and providing job opportunities for the unemployed. "


Newspaper: inflation in Iraq reached record levels
29/08/2012 09:36 AM

Babinaoz - Agencies: approved Central Bureau of Statistics of the Ministry of Planning, the arrival of inflation base in Iraq to record levels, reaching 140.7 percent registered increased of 5.9 compared to last year. newspaper said (life) of London that "indicators annual inflation seen, compared to last year, a rise clear reached 5.9 percent, due to rising housing prices in different areas of Iraq at 10 percent, compounded by rising rents residential by 13 percent. "

Iraq has suffered economic problems several, according to the Ministry of Planning exceeded the number of poor in Iraq 8 million , while the unemployment rate 18 percent, while occupying the country ranked third in the world in the rates of countries most corrupt.


Central calls for traders and industrialists for the dollar
Thursday, 30/08/2012 08:54 am

Baghdad / term : called the Central Bank of traders and industrialists and laminates produced other to buy dollars from banks participating in the auction of foreign currency and the rate 118.9 dinars per dollar.

central bank said in a press statement: Those involved in the activity of the Iraqi private traders, industrialists and segments other productive carrying import goods and services and production requirements and supplies various development, submission to private banks to participate in the auction of foreign currency, financing Astiradathm through conversion or open letters of credit and commitment at an exchange rate of $ 1189 dollars per dinar and its observance. "

He added that access to the dollar "after having documents that prove they fundamentalism import and according to standard international norms of documentary credits and remittances and instructions issued by the Central Bank of Iraq in this regard.


Shimmari: Next days to witness endorsing crucial law drafts by parliament
Wednesday, 29 August 2012 11:25

Baghdad (AIN) : MP, Kadhim al-Shimmari, of the White bloc assured that the next days will witness endorsing some crucial law drafts by the parliament, noting that "The possibility of re-discussing the local elections law draft again."

Speaking to All Iraqi News Agency (AIN), he said "The parliament session that is held after the holiday will not include any crucial law drafts."

He pointed out "The Federal Court, Independent High Electoral Commission, Supreme Judicial Council and Oil and Gas law drafts need to a political deal and it is not wise to discuss them in the first session."


US delivers last batch of tanks to Iraq
August 29 2012

U.S. officials say they've delivered the last of 140 tanks to the Iraqi army-a key sale in the American military's small but ongoing training program in Baghdad.

The M1A1 Abrams tanks are valued at $860 million, a cost shared by the two nations. Their sale is part of a $12 billion program to equip and train the Iraqi military with aircraft, ships, radar systems and other weaponry manufactured in the United States.

U.S. Army Lt. Gen. Robert Caslen said Wednesday that Iraqi soldiers he's seen can operate an American-built tank just as well as their American counterparts. Caslen is the highest-ranking U.S. military official in Iraq.

The last American combat troops withdrew from Iraq in December. Some 230 U.S. troops remain to train Iraqis on the new equipment.

Click for Link


Move towards the announcement of a new party substitute for �call� .. Node 'dispute' in Iraq went against Nujaifi Tnikla meet him �mysterious� Maliki

The future of Iraq / special: source revealed in the House of Representatives for "sharp differences between the leaders of the Iraqi List and House Speaker Osama Najafi," pointing out that "the differences intensified in the wake of the meeting between Prime Minister Nuri al-Maliki and Najafi and Deputy Prime Minister Saleh al-Mutlaq."

It is noteworthy that Prime Minister received Sunday in his official residence in Baghdad parliament speaker Osama al-Nujaifi, and during the meeting emphasized the importance of cooperation between the executive and legislative branches to serve the interests of the people, and that the Constitution is the authority in dealing with all matters.


The future of Iraq reveal the "mystery" the resignation of the Minister of Communications Mohammed Allawi .. Contact companies tried buy team-Maliki .. The outgoing accused Norouztal substantial financial corruption
29/08/2012 12:00

The future of Iraq / special : It was not only one day to deny news, published by the "Future of Iraq", confirms submit the resignation of the Minister of Communications Mohammed Allawi from office, even announced the Ministry of Communications for approval of Prime Minister Nuri al-Maliki's request and Communications Minister to resign.

here, remain interpretations legislator, truth has over the top, and increased this fact missing insult to injury after he posted the Minister of Communications, himself, letter of resignation on Internet web sites.

Informed political sources confirmed for "Future of Iraq" that Mohammed Allawi is close to the Iraqi leader Iyad Allawi submitted his resignation on "background and having suspicions in the files of financial corruption affected his ministry and the attempts by some telecommunications companies pass shady deals to Iraq, "adding that" Allawi resigned upon receipt of accurate reports on the number of files of financial corruption in his ministry, "asserting" the involvement of personalities in the ministry deals suspicious for telecom companies start at work in Iraq. "

The below posts were in our 6pm email

Footforward Statement from The Big Call Tues. Night

FootForward from Tuesday night "The Big Call" : Yes, we were very close on Sunday. I have a source that is involved in the distribution of coins and lower denoms and they were set up for the exchange of coins and dinar for U. S. dollars on a one to one exchange. This does not mean this will be the rate, the rate will be phenomenal. There is a difference in what they are exchanging at and what the rate will be. My take on the reason for the RV being held up is it is a security concern or the people trying to push it through pulled it back for some reason.

The coins are not out yet. It doesn't make any sense to have the coins out before an RV.They are ready and have them in the banks, ready for when it RV's. Iraq has been given a blank check to spend on their infrastructure, this is confirmed. If there wasn't an RV in the near future, the people lending the money would not be doing a deal like this. This is very good news and confirmed several times over. I do believe we are close.

Tuesday Night The big call with foot forward was recorded - 1-760-569-7699 169061# PIN

7 Questions For Dinar Speculators - Post By John Lee

7 Questions for Dinar Speculators By John Lee. Iraqi Business News

We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example:

Will the Iraqi dinar increase in value?

Will the currency be re-denominated, dropping the 'three zeros'?

Is it wise to buy Iraqi dinar?

Firstly, Iraq Business News is not in a position to give investment advice. Our mission is to provide our readers with the highest quality information on the business and economy of Iraq.

"This Is Totally 100% Rumor" - Post By Loco01 Dinar Vets

This is totally 100% rumor - By Loco01 Dinar Vets

I got a call last night from a person who is heavily invested in IQD comparing my IQD to theirs is like comparing Romney's pay check to mine.

This person runs and deals with very wealthy and powerful people.And right now this circle are very excited to the extent that some wanted to rent the hotel suites where we will meet to make arrangements for group cash in and investments.

I am still not to sure how a person like me got hooked up with these people but I did.

8-29-2012 Katie45: The advisory committee for the WTO did tell Iraq to get the dinar closer to the USD. I found the quote. "The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country.

The net that "the World Trade Organization were previously wary of government plans to support the Iraqi dinar, and elevate it to a value of U.S. dollar and the high differential cash between them," he said, adding that "Iraq has a good capacity to support the Iraqi dinar, which is qualified to be a member of organization that will support the trade in the country in a clear and consolidates the efforts of the government in the development.

Adam Montana Q & A Chat - Post By KCW Dinar Vets

[Adam Montana] Good morning everyone! It is now a couple Wednesdays since Ramadan wrapped up, and a lot of people are wondering what is going on and "where we are"

[Adam Montana] so here's the summary of current events. As noted in our other chatroom, "Talabani is in town and gonna 'giterdun!'" I laughed when I saw that topic, but the truth is Talabani is our friend here and I'm watching him like a hawk.

[Adam Montana] next, we are seeing a BUNCH of news in a possibly unexpected arena...BANKING

[vic1tgk] ckgdrums Let's before we get off track... I would Like us all to take a minute and Send Prayers up...For ALL our Fellow Brothers and Sisters... Dealing with this... ISAAC ... a minute of silent prayer...and we come back with some...stomping... GOT IT!!!

[kitchencat] vic1tgk been wanting to ask.....a buddy sold his dinar and wired to germany who wired it Iraq to open a WARKA account. says he will make the rv plus high interest. I have serious doubts about that. smell a rat

[vic1tgk] kitchencat NOT A CHANCE-Very FOOLISH MOVE!!!

[vic1tgk] Ok! The Call i took is from my Dear Friend... We both had a Broker that was with The OLD. and Defunk... BEAR STEARNS! There is alot of of EARLY Morning...In LONDON!!! Many are preparing for a swift Monetary relief Program in EU!!!

ALL the TALK about GOLD going To UNBELIEVABLE... HEIGHTHS!!! BE VERY CAREFUL!!! That is a PRELUDE...TO ZAP!!! LISTEN CAREFULLY... That is a FUTURES... Game that can BUST... anyone even a BILLIONAIRE!!! Been it that game... The High Volume of Gold PURCHASE from CHINA... is a Whole Diiferent game Plan! I have information that leads me to believe that the 2500 Vending machines in CHINA to SELL GOLD to the PUBLIC is to become 12500... vending Machines!

PTR CC for Wednesday afternoon

I believe we are close.. Wed Aug 29th ... 760 569 7699 pin 121249 #

MP3 Freeconference Playback LINK 69 MIN

Millionday RobinRedHed and Fresh Tuesday Night Chat:

[millionday] UN Secretary-General of the Iraqi bloc white beauty melon Iraqi delegation in the Non-Aligned Summit at the invitation to host the Summit of Iraq for its next session. The secretary general of the bloc in a statement quoted by his press office Tuesday that Iraq is now qualified to play a major role on the Arab and international levels, as confirmed in previous forums, he could restore its role at all levels. He added watermelon to host Iraq for meetings of the Arab summit and then 5 +1 meetings testament to his ability to host of the Non-Aligned summit next, stressing the need for Iraq to be the next host of the next session

[millionday] now ready sounds perfect for them
[millionday] love it  

Recaps Note: This is a repost taken from our Bulletin Board page Please check it and our Post RV page


The last few years have witnessed an all-out assault on your personal and financial privacy. Credit-reporting agencies, schools, Internet marketers, medical clearing-houses, and dozens of other private organizations, Government all now maintain detailed records on us. The worst offender has been the U.S. government..


#1. The first law of privacy is: Keep one's mouth closed, particularly when one is in public, on the phone, or sending faxes or e-mail. DO NOT TAKE THIS PERSONAL; IT'S ALL ABOUT BUSINESS AND YOUR SECURITY!

Wed. Afternoon Dinar Chatter

[tc0043] I do believe based on info about the coins being put into use mountainman re Saturday the 1st, the release has to take place before then. I`m guessing a drop dead date of Friday which is Iraq`s Saturday. What do you think?

[redsnowbird] SCgunner Which media? Our Media? Or Iraq Media? I look for news from the media too... but I also know that both Iraq's and US media can be manipulated just like everything else.... So I look for financial news.... which also can be manipulated... shoot... maybe I will just read Thrifty Nickle!

[tatortot] Anyone who waits for good news about this from the media will be waiting a long time. It won't be in the media.

[SCgunner] redsnowbird I think when it happens the media will not be minpulated it will be too late for other suppositions when the dinar is international and tradeable, don't think they will be able to put that aside with other garbage

[mister dinar] if a country like iraq...revalues their money ..with such a large would have to be reported in the media..imo

The IQD Team~~Highlights Summary Replay Conf Call Aug 28~~Latest Iraq Dinar RV News~~Its All Good

The IQD Team
Investigate, Question & Deliver
Tuesday, August 28, 2012
Highlights/Summary & Replay of Conference Call

Conference Call Replay - August 28, 2012
760-569-7699 Pin 769478#

Recap of the News tonight analysis
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed below - the following is just a recap and Several Highlights)



We discussed about the Banking sector needing to have some rules and regulations passed...
We talked about Parliament wanting to do that
We talked about the World Bank visiting Bagdhad checking on the status of the banking system- making sure it is ready to go
and all of the things they hear about are there...ATMs' and Credit cards being pushed on the people and telling them how easy it is to carry the credit cards as it it to carry the cash
We talked about my Favorite article of the night...
DMCC looking at the increase in the dinar....they want to start trading this - they are looking at it and had some great things by the Central Bank that the Central Bank is ready to do this - that they have all the studies done that they need to have done and that they are looking at this really hard as a profit means because they know they are going to add value
They talked to Dr Saleh informing the Committee of the laws that they need inside the banking system because they cant deal with the cash transactions....they need these laws passed....we have usary laws....all these laws that prevent fraud, counterfeiting of money - all of these things that go on - these are some of the things they need passed - He's looking at a Committee from everyone that needs to have it....get themselves set up so they can get the laws they need passed very quickly....thought that was a really good idea..those type of articles tell us they have got good things going on out there  

IRaqi Dinar Investments Why the Hype

Would you consider yourself a gambling person? Would you consider investing in something completely unrelated to U.S. stocks and bonds? How about the Iraqi dinar?

Iraq's a country rife with warfare and conflict. And the Iraqi dinar, presently pegged at 1,165 dinars to a U.S. dollar, could eventually soar when the Iraqi government stabilizes. And considering the enormous reserves of oil Iraq contains, some daring investors are playing a very long game by betting on the dinar.

History is on their side. West Germany saw dramatic improvements in its currency value after World War II. Kuwait had the same thing happen after the invasion in 1990. Even Hollywood's getting into the game; the new movie Hit and Run portrays a get-rich-quick scheme that bases itself precisely upon the Iraqi dinar premise.

But it's a very high risk/high rewards situation. The Iraqi government could keel over at any time and the dinar is not held by U.S. banks or otherwise traded by any major currency exchanges, all of which makes investing in the dinar rather complicated. Interested investors would need to source out dealers willing to deliver the investment in hard paper, and that opens the doors to easy fraud.

And that's not all. Those difficulties mean the markup for purchasing the dinar is high, not accounting for storage fees. Finally, selling the dinar will also be complicated given the lack of prominent institutional purchasers. At DinarTrade, it costs $1,020 to purchase 1 million dinars. However, selling them earns a return of just $810.

Interestingly, given the spectacular failures of long-established financial institutions and frameworks worldwide, it appears some investors are willing to take long odds. What say you?

"Magnolias" An uplifting Story emailed to Recaps Wed. AM

Note: Dinar Recaps would like to thank the many readers who send us news, rumors and encouragements to share with others. Thank you all.
The Dinar Recaps Team

I was getting ready for my daughters June wedding which was taking place
in a church about forty miles away, and felt loaded with responsibilities as
I watched my budget dwindle..... So many details, so many bills, and so little

My son Jack said he would walk his younger sister down the aisle, taking the
place of his dad who had died a few years before. He teased Patsy, saying
he'd wanted to give her away since she was about three years old!

To save money, I gathered blossoms from several friends who had large
magnolia trees. Their luscious, creamy-white blooms and slick green leaves
would make beautiful arrangements against the rich dark wood inside the

The big day arrived - the busiest day of my life - and while her bridesmaids
helped Patsy to dress, her fianc� Tim walked with me to the sanctuary to do
a final check. When we opened the door and felt a rush of hot air, I almost
fainted; and then I saw them -all the beautiful white flowers were black.
Funeral black. An electrical storm during the night had knocked out the air
conditioning system, and on that hot summer day, the flowers had wilted
and died.

Prayer for those in Hurricane Isaac's Path by DebTarHeelgirl

DebTarHeelGirl: I got word from Bear5642 this morning that huge water oak trees has fallen on his property and punctured his roof; the brother of Evangelist Cash, their whole family are up in their attic with a small baby due to 9 feet of water in their house - scores of folks with flooding and no electricity.

Let's pray for those who have been effected by Hurricane Isaac.

But now thus says the Lord, he who created you, O Jacob, he who formed you, O Israel: "Fear not, for I have redeemed you; I have called you by name, you are mine. When you pass through the waters, I will be with you; and through the rivers, they shall not overwhelm you; When you walk through fire you shall not be burned, and the flame shall not consume you.

For I am the Lord your God, the Holy One of Israel, your Savior. I give Egypt as your ransom, in exchange for you. Because you are precious in my eyes, and honored, and I love you, I give men in return for you, peoples in exchange for your life. Fear not, for I am with you... Isaiah 43:1-5 ESV

News, Rumors, and Opinions in Dinarland Wed. Morning

Tuesday Night The big call with foot forward was recorded - 1-760-569-7699 169061# PIN

[captaincaveman ] So much anticipation, this week is crawling by. Like a kid waiting for Christmas morning.

xyz] Increasing interest in Iraqi Dinar as per DMCC --> CEO of Dubai Multi Commodities, Ahmed bin Sulayem has stated that the Iraqi dinars has caught his attention because of the confirmation coming from the iraq central bank that the zeros will be deleted from the Iraqi currency and that proposal as passed by the House of Minister.

[captaincaveman ] Hmmm...I like this

[trebor1859] for the old timers, remember when all of the articles coming out of Iraq were stated to be smoke. Now they are stated as being accurate. Gotta love it. I've learned intel is referred to as smoke if it is something we do not want to hear.

The below posts shaded in green
are on our Iraqi News page

Parliamentary agreement on the general amnesty law passed Monday

Parliamentary agreement on the general amnesty law passed Monday 29/08/2012 12:00

BAGHDAD / future Iraqi : agreed parliamentary blocs to vote on the draft general amnesty law in the parliamentary session next Monday. spokesman said the Iraqi List MP Haider Mulla Tuesday "that during the meeting, which was convened by the Presidency of the Council of Representatives with the leaders and representatives of parliamentary blocs in parliament has been reached to agree to vote on the amnesty law in the parliament session on Monday, especially after the completion of the hand crafted legal. "and accused Mullah" coalition of state law to block passage of the law, "adding that" Iraq and appealed to the powers and all the political blocs to unify positions and work to pass law. "

The Commission expects that the growth rate in Iraq during the current year 10.5%

The Commission expects that the growth rate in Iraq during the current year 10.5%
August 29 2012

Anticipated economic and Social Commission for Western Asia (ESCWA), United Nations, Tuesday, that growth rate in Iraq during the current year 10.5%, with the average in the Gulf would be 4.5%, noting that oil revenues have maintained a high standard under the "Arab spring".

Director of Department of economic development and globalization in ESCWA Abdullah dardari, in a press statement on the sidelines of the review highlighted the report of the survey of economic and social developments in the ESCWA region for the years 2011-2012, "oil revenues historically high level maintained under Arab spring", stating that "this has led to the creation of two poles apart for growth."

Dardari said that "channels that were linked to the rest of the States and lead to benefit from increased oil revenues have become virtually non-existent as a result of internal crises and political instability," he said, adding that "survey report concludes that the external economic environment in the ESCWA region by 2012 was positive due to the highest levels in the region historically oil revenues." 

Parliament to read third amendment of local elections law draft on Thursday

Parliament to read third amendment of local elections law draft on Thursday Wednesday, 29 August 2012 20:20

Baghdad (AIN) : The parliament will read the suggestion of the third amendment of the law draft of the local elections in addition to the first and second readings to some law drafts.

A parliamentary source stated to All Iraq News Agency (AIN) on Wednesday "The parliament will hold its regular session on Thursday where its agenda includes the second reading of the third amendment of the local elections law draft in addition to many other law drafts."

"The agenda also includes the first and second readings of some crucial law drafts," the source concluded.
Click for Link

Suhail stresses importance of UN's role, supervision on elections

Suhail stresses importance of UN's role, supervision on elections Wednesday, 29 August 2012 19:20

Baghdad (AIN) : The First Deputy Speaker, Qusai al-Suhail, stressed on the importance of the UN's role and supervision on the election to fix the international standards and help the new Independent High Electoral Commission in the artistic issues.

A statement by Suhail's office received by AIN on Thursday cited "Suhail discussed with the delegation of UNAMI that is headed by the head of the advisors of the elections within UNAMI, the issue of forming the IHEC and nominating its members after reaching the last phases in addition to the modification of the law draft of the elections." 

Deputy for the rule of law: five to ten deputies controlled the decisions of Parliament without taking the advice of others

Deputy for the rule of law: five to ten deputies controlled the decisions of Parliament without taking the advice of others Wednesday, August 29 2012 08:23

Baghdad: Euphrates News: MP for the coalition of state law, Abdul Salam al-Maliki for the five to ten deputies hold sway over the fortunes of Parliament without taking advice or listen to the views of more than 310 MPs, calling Bdharoh Liberation House members from the control of parliament and leaders of parliamentary blocs .

Maliki said in a statement received by the Euphrates News Agency {} copy Wednesday that "leaders of parliamentary blocs and the Presidency Council of Representatives control the decisions of the Council without putting any consideration for the Board members in terms to be agreed at a time inside the closed doors to vote or postpone the vote on the laws and important decisions without going back to the members. " 

Iraqi government denies possible visit to Biden to Baghdad

Iraqi government denies possible visit to Biden to Baghdad Wednesday, August 29 2012 11:08

Baghdad: Euphrates News: spokesman denied the federal government Ali al-Dabbagh, the news that talked about a planned visit by U.S. Vice President Joseph Biden to Baghdad.

Dabbagh said in a press statement that "there is no possible visit by U.S. Vice President to Iraq," noting that "there is a visit to the political delegation from the U.S. State Department to Baghdad."

He stressed that "the delegation's visit American political will discuss the work of the Coordinating Committees shared between Iraq and the United States within the framework of the strategic agreement between the two sides," noting that "there are 9 committees in sectoral ministries, and all of the Commission shall determine the dates of its meetings, there are no meetings centralized." 

Parliament: questioning Shabibi determined by the report of the fact-finding committee

Parliament: questioning Shabibi determined by the report of the fact-finding committee Wednesday, 29 August 2012 13:48

Baghdad / Orr News: Parliamentary Finance Committee stressed that the decision to host or interrogate Iraqi Central Bank Governor will be determined by the report of the fact-finding committee set up by the House of Representatives headed by Chairman of the Finance Committee Haider Abadi.

A member of the Committee Secretary Hadi "The decision to host or questioning central bank governor Sinan al-Shabibi will depend on what report of the fact-finding committee set up by the Council, headed by Finance Committee Chairman Haider al-Abadi," noting that "there are violations in the Central Bank."

The Secretary added that "there are indications the Finance Committee on breaches in the dealings of the central bank." 

Iraq and Kuwait are moving to close more of the outstanding issues

Iraq and Kuwait are moving to close more of the outstanding issues 08/29/2012 11:51 AM

Holds Iraqi and Kuwaiti officials during the next term meeting to close the pending issues as a prelude to remove Iraq from Chapter VII.

A source in the Foreign Relations Committee that the delegations from the two countries will exchange visits during the next term of the agreement on a date for a meeting to resolve some outstanding issues, including the file Kuwait Airways and the border and the issue of debt and Kuwaiti archives, with focus stage following the end the file of missing Kuwaitis and compensation.

The Iraqi-Kuwaiti relations will witness positive developments as confirmed Kuwait's ambassador to Iraq recently to the insured that the Kuwaiti side touches the seriousness of the Iraqi government to close the outstanding issues between the two countries since the nineties of the last century.
Click for Link

Specialists: rising inflation in Iraq naturally and is consistent with the reality of the economy

Specialists: rising inflation in Iraq naturally and is consistent with the reality of the economy 29/08/2012 15:01

Baghdad (Rn) : counting specialists rise in inflation levels normal and consistent with the reality of the Iraqi economy and imbalances suffered by them, stressing the possibility of control despite the presence of substantial reasons behind this slight increase.

And reduced the Vice Governor of the Central Bank of Iraq the appearance of Mohammed Saleh of the importance of the slight increase witnessed inflation levels during the past few months, considering the increases in prices and declining natural, not increasing.

Saleh told the Kurdistan News Agency (Rn) that the most important reasons for the high prices caused by imported inflation in the world, and particularly in imported foodstuffs, indicating that the food still accounts for more than 30% of the paragraphs constituting the consumer price index. 

How to Improve Economy of Iraq?

How to Improve Economy of Iraq? August 29, 2012

Iraq : In recent past Iraq has to go through a lot of hardships and recovering from such a situation is quite though, though not completely impossible. This country has taken up a lot of initiatives and worked very hard to improve its economy. The discussion here will be upon the ways through which Iraq can improve and reconstruct its economy, like where it should invest, where it has already invested, why alteration in the currency should be made and how alteration of the Iraqi dinar will change the course of economy in this country.

As Iraq is blessed with a huge amount of oil and gas, the country has relied upon this natural resource to deal with the broken down economy. Measuring 85% of the total economy, needless to mention that oil has provided the boost required for the recovery of the economic condition of the country. Iraq is among the top 5 oil producing countries in the world because of the huge reserve and production power, but it is not always true.

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About Us
We are Iraqi Dinar Investors who Tweet and blog the latest Dinar information gathered from public forums, chat rooms, and blogs.  Our Blog posts are e-mailed in this Recap Newsletter.  

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