Yes it has been awhile since our last update. It does get a bit hard to provide you updates on this site as I get bashed to no end. I guess when we share facts rather stories or theories, this is bound to happen.
I will share what we are being told from our sources in Iraq. I know many are members of other sites and they read chats from the "owners" that tell everyone that Dr. Sinan Al-Shabibi is on the run and in hiding. What a great story to keep paying for memberships, however, this is not even remotely true, but awesome great story to keep you coming back.
Dr. Sinan Al-Shabibi has been in out of the country visiting family during this time of investigation. Each and every time Maliki, Parliament or committee investigating the activities of the CBI (Central Bank of Iraq) of any wrong doings, he has been prompt in returning and answering any questions.
I understand that there has been someone appointed as temp "govenor" during this investigation, however he is not out of the picture. According to the official CBI website he is
still listed as "Govenor".
Read More Link On Right
From our sources, Dr. Sinan Al-Shabibi has not been found guilty of anything but upholding the constitution and the direction of the CBI. When this is all said and done, he will regain his official position as the "Govenor" of the CBI.
According to our sources, Dr. Sinan Al-Shabibi is pushing for Iraq to re-valuate their very low valued currency. It is not yet recognized as a trade-able currency in the open market. We have proof thru our sources that he has been telling the people to prepare and it will be coming in the near future.
As you are all aware, they settled the little (well big) skirmish between Baghdad and Kurdistan a couple of days ago.
Here are some other positive events happening, representative Kobler from the UN (United Nations) is in Baghdad meeting with Maliki and others.
Kuwait and Russia are both pushing to get the final Chapter VII sanctions lifted from Iraq. This very well take place December 15th, 2012 at the next UNSC meetings.
The new currency is now in the banks and they are ready for distribution. This would not have happened if they were just kidding or testing the waters. They were told (the banks) that it would not be much longer.
Now we can talk about the 2013 budget, yes the very controversial budget. This is a very hot topic for debate. Will or will it not contain the new revalued rate.
If you all recall, it has been in print that the new budget will be in the new currency rate. It is also based on the $90 oil price.
I think another hint is all of the news regarding the lifting of the three zeros. They state it will happen at the beginning of the physical period. If you recall last month (October) the Economic Committee Members stated the rush to delete the zeros currency, and it must start early 2013.
So does this mean January 1, or thereafter. Now really sure, but I have to wonder, if the budget is in fact using the new rate, it would be January 1st.
The 2013 budget has been read once and is ready for a second and final reading. We know that the new budget will start Jan 1st 2013.
Now I would like to take all of the above factors into effect, and would hope that something positive will happen prior to January 1, 2013. I also think the next two weeks will be very telling and prove very interesting.
As my wife, Ray and his wife would continue to stress, please be patient a little bit longer and let it happen.
You were all probably looking for something simple, short and sweet, however it is not that easy.
Now to address a possible rate, many boards will be very conservative and predict a one to one ratio, however, I will stand behind my thoughts. Over a year ago the 3.22 was taken as a date (PTR) need I say more? Well, that was blown out of the water.
If you go look at my past posts and research, you will find ample news documents and posts to assure you that it will not be anything but a rate that is consistent within the region.
So in summary, if you take all of the news articles and connect the dots, they are leading to one thing, and that is Iraq is and will bring their currency to a proud value that represents their assets.
So many members have shared the assets that Iraq has and will have, you can only imagine their future as an economic giant in the world. That they are not, but they will.
Also, remember the very close oil sharing, among other things, with Kuwait. And what is the value of the Kuwait Dinar? Exactly. I need say no more.
I plan on doing a great follow up post with more links my partner sent to me in the next day or two.
Remember, "We may not know what the future holds, be we can trust the One who holds the future because Wisdom is understanding what's really important!"
I hope you all have a great week and even better weekend.
God Bless you all and your families. Steve