Millionday News 8/12/14 Part 2
millionday] HERE WE GO AND THIS IS A HUGE WHOOOPOW
[millionday] READ EVERY WORD -- AND HOLD YOUR HAT
[millionday] The financial expert said Bassem Jamil Anton in an interview for the "long", that "the project of changing the currency is not a new phenomenon, but plans have since years ago and the idea was to include the deletion of zeros in addition to printing new currencies."
He added that "the purpose of changing the currency and delete the zeros is to reduce the process of trading in foreign currencies, especially the dollar and rely on a strong national currency and based on the financial balance significantly." Anton explained that
[millionday] NOTE -- HUGE SMILE
[millionday] "the central bank began to change the category of the ten thousand, and in order to reduce fraud taking place in addition to the launch of new banknotes bearing specifications of high-level security and tamper-proof in the distant future."
He said the "paper currency Iraqi consumed during the previous years as a result of their constant circulation other than the economically developed countries where it continues its currency trading for up to 20 years and including the Iraqi individual does not have the culture enough to trading his own money, but by treating classic which is trading paper without the benefit of trading modern banking. "
[millionday] NOTE -- HE IS STATING THAT THE PLAN BEGAN THIS WAY -- IT WAS SUPPOSED TO TAKE THIS LONG IN OTHER WORDS
[millionday] He stressed that "the money market Iraqi characterized by a lack of counterfeit currency relative to the existing ones in the neighboring countries, which are divided into three types most serious counterfeiting by intelligence agencies and international fraud gangs and mafias in addition to forgery amateur and is least harmful because of the lack of production of counterfeit currency."
[millionday] NOTE --- THEY HAVE BEEN TRYING TO GET ALL COUNTERFEITING UNDER CONTROL AND ARE HAVING LESS THAN THE REST IN THE REGION ANYWAY
[millionday] SMILE >>He pointed out that "the new banknotes will be printed in the finest presses worldwide and is considered competent leadership of the central bank are planned and implemented for the currency exchange operations in 2003 after the holdings of its cadres and scientific expertise in the disciplines of global finance and economy.
[millionday] NOTE -- THEY WERE USED BEFORE -- MEANING THE PRINTING COMPANIES
[millionday] The central bank said in a written statement for the "long", it was "for the purpose of developing the current series of banknotes Iraqi and increase efficiency, seek the central bank to put the local currency and in a new way and using the finest paper and put the properties of technical and advanced security."
[millionday] The bank said "the first step will be offered a class ten thousand revamped the end of the month of August current which carried some changes, including changing the image of the Arab world, Al-Hassan Ibn al-Haytham to the Freedom Monument,
has also been modified dates Islamic and Gregorian to 2014 --1,435 e, as well as that the new paper will be charged signing of the Iraqi Central Bank Governor agency Abdul Basit Turki Saeed. "
[millionday] NOTE -- WE HAVE NEVER HAD A TIMELINE BUT A FINISH TIME WOULD BE NICE WOULDNT IT ?
[ROBINREDHED] umm yes
[millionday] SMILE WANT TO SEE IT ? LOL
[millionday] HERE WE GO
[millionday] He noted the bank to be "from the currency denomination of ten thousand dinars old will not be withdrawn and will continue to trade,"
noting that "the process of withdrawal will be by dragging the Central Bank of the damaged ones", and make the process of damage it and not to return again for circulation among citizens.
" As for other currencies, which will be put Bhltha new bank noted that "put the rest of the categories of currencies and new forms will be in the coming months and will be completed by the end of this year put forward.
[millionday] THE PROCESS WILL BE EXCHANGED FOR THE LARGE DENOMS TO THE NEW SMALL WITH THE 10,000 INCLUDED TO BE ON THE STREETS
AND WILL BE DONE BY THE END OF THE YEAR AND WILL BE STARTED IN THE MONTHS TO COME
[millionday] SO THE TIMELINE TO EXCHANGE WOULD BE MONTHS LONG AS EXPECTED AND THEY WILL HAVE THE ENTIRE PROCESS COMPLETE BY THE END OF THIS YEAR
[OOTW] the language is sometimes unclear - do you think he intends to release them at end of august or that the printing will be completed at the end of august, please? TY MillionDay
[millionday] IT WILL ALL BE DONE BY THEN
[awesomedtl] but this isnt saying the Rv cant happen now its the exchange of the new notes getting the old ones out correct??
[millionday] IT WILL BEGIN AT THE END OF THE MONTH WITH THE 10,000 AND WHATEVER ELSE THEY PUT OUT IF ALL GOES AS THIS PLAN STATES
[letsroll] So the Iraqis will be seeing the new currency by months end or some of it in circulation with the old... Im trying to keep my rv glasses off for now
[millionday] THIS REPORT IS STATING THAT THEY ARE STARTING THE EXCHANGE AT THE END OF THE MONTH -- WE WILL SEE IF IT IS JUST THE 10,000 RIGHT NOW BUT IT WOULDNT MAKE MUCH SENSE WITH ALL THAT IS HAPPENING WITH IT -- BUT WE HAVE TO WATCH THE ACTION AND SEE -- BUT OH HONEY THIS IS
[millionday] VERY EXCITING
[RickeyT] about this time last year, news was leaked about Iraq being accepted into the WTO by Dec. 2013,
[millionday] RickeyT THAT NEVER WAS THE WTO -- IT WAS THE BEGINNING OF THE WTO WORKSHOPS TO TRAIN AND GET COMPLIANT
[Smokey Mtn. Dinar] They are saying CBI will be ready to exchange by end of August. Right? Then the exchange could last until the end of the year? So we would have til the end of the year to exchange?
[millionday] THE EXCHANGE POLICIES AND ALL THAT WILL OCCUR WITH THIS PLAN WILL BE BROUGHT OUT AS WE GO -- WE WILL HAVE TO WAIT AND SEE WHAT THEY SAY
[faith1] are they talking da la ru machines ??!!!! is that a possible time line to exchange for us,,, end of year ? I alwaws thought we would have a couple years,,, to exchange,,, but maybe not ??
[millionday] THIS IS SAYING THAT THE PLAN WAS ALWAYS TO TAKE THIS LONG TO GET READY AND THEY ARE PLANNING NOW TO EXCHANGE THE LARGE AND DAMAGED DENOMS OUT’
AND DESTROY THEM AND INTRODUCE THE NEW PRINTED CURRENCY OUT TO THE CITIZENS’
AND THE ENTIRE PROCESS OF EXCHANGING TO THE NEW SMALL DENOMS WILL BE COMPLETE BY THE END OF THE YEAR – ‘
SO THAT IS FAST -----THE DEL A RUE MACHINES ARE A TOOL USED AT THE BANK TO MAKE SURE YOURS IS REAL AND NOT FAKE ----
THEY EXPECT TO HAVE ALL OLD DINARS BACK IN HAND BY THE END OF THIS YEAR AND BEGIN DURING THE LAST MONTHS OF THE YEAR -- ACCORDING TO THE REPORT
slh5282] Any idea as to what the rate will be if guessing?
[millionday] I DO NOT KNOW WHAT THE RATE WILL BE AND AM AFRAID TO GUESS
[graylnjo] What about all this reality rate business and iraq needing this right now so the economy doesn't implode? What about the RV????
millionday] THE ONLY WAY THE SMALL DENOMS AND THE MONETARY POLICY CAN BE LAUNCHED AND A FREE MARKET ECONOMY CAN BE ACTIVATED FOR IRAQ IS FOR THE TRUE VALUE AND THE INTERNATIONAL RATES TO BE CALCULATED AND RELEASED –
REMEMBER THEY ARE TALKING ABOUT USING THE MASTERCARDS AND THE SMART CARDS WHICH I BELIEVE ARE MASTERCARD BUT MIGHT BE VISA -- IS TO HAVE AN INTERNATIONAL RATE FOR ALL COUNTRIES AND
magik] This sounds like they are speaking of changing old currency for new, but nothing speaks of a rate change.
[Dianne777] so we wont be in possession of our dinars at xmas? smile
[slh5282] magik, if they dont have a rate change they would have to carry a suitcase of money to buy anything, wouldnt they?
[millionday] THE ONLY WAY TO HAVE A FREE MARKET ECONOMY AND BUY ON THE INTERNET IS TO HAVE INTERNATIONAL RATES THAT ARE TRUE – ‘
THE RATE IT IS RIGHT NOW WAS IMPOSED AT 1166--- OR AROUND AND THIS IS NOT WHAT THE VALUE IS OF THE DINAR NOR HAS IT EVER BEEN --- IN HISTORY
[mudder] Folks... This is really good news for us.... It's telling change is coming SOON
[millionday] THEY HAVE CARRIED A RATE THAT IS AROUND KUWAITS RATE
[millionday] LET ME SAY SOMETHING
anasdesign] I have an intelligent question if the rate is low ...can we trade in our old dinars for new dinars so we can sit on them ???I would assume so that the exchange places would have the new dinars...
[millionday] THE RV ---- IT IS DEFINED AS A REVALUE -- THAT MEANS THAT THE VALUE OF THE CURRENCY WOULD BE CHANGED TO WHAT IT SHOULD BE –‘
A CALCULATED VALUE THAT WILL BE ON THE UN SITE AND ALSO THEIR TRADE VALUE
[Smokey Mtn. Dinar] And right now Kuwait is around $3.54
[millionday] THEY MAY HAVE A CAP FOR A WHILE SO THEY CAN REFORM ECONOMICALLY AND IT NOT COST THEM FINANCIALLY IN THE MARKET
[millionday] WE WILL HAVE TO SEE WHAT THE REGULATIONS OF THEIR REFORM AND POLICIES ARE
[awesomedtl] its kinda like you having a $50k house and your neighbor is sitting at 350K not gonna happen just like kuwait their neighbor!! hello!!
[faith1] millionday these last articles sounded like we might be waiting to eoy,,, but then reading again and all we are seeing currently says ,, it's coming out now and will take too eoy to complete (get the old off the streets) IMO...
[letsroll] magik ...if the cbi rolls out the smalls with no rate change I think they better have printed huge amounts of it but we know the plan was to reduce the amount of paper jmo of coarse
[boomshakalaka] I just need the best source put out here for all to check their Dinar for authenticity.
[millionday] WHEN YOU TAKE THEM TO WHERE EVER YOU ARE TAKING THEM IF THEY RAISE IN VALUE –
- THEY WILL CHECK THEM THERE –
FOR INSTANCE I WILL TAKE MINE TO DINARCORP AND THEY WILL CHECK THEM TO MAKE SURE THEY ARE REAL
[sudo1114] 21:39 I am confused. They want old notes turned in by end of year??? Is that ours? And if so it will have to RV or not???
[counselor.stratton] ??? Thought the current notes would continue in circulation for 2 years???
[poppy3] EXAMPLE --- LOL WELL TODAY IN IRAQ THEY HAVE TO TAKE A 25,000.00 NOTE TO BY A 1/2 GALLON MILK LOL,
LOL AFTER THIS RV HAPPENS THEY WILL TAKE $3.50 LOL,LOL JUST LIKE WE WILL EXCEPT WE WILL HAVE A LOT MORE $$$$ AVAILABLE
THE PRICES IN THEIR STORES WILL ADJUST ACCORDINGLY.
ALL PRICING WILL HAVE TO BE CHANGED THATS WHY EVEN DR SHABIBI SAID IT WOULD TAKE A MINIMUM OF THREE DAYS TO MAKE THE CHANGES THAT WOULD NEED TO HAPPEN. POPPY3
[millionday] WHEN THEY ARE DECLARED INTERNATIONALLY RECOGINIZED FOR TRADE –
AS IN THE FREE MARKET ECONOMY –
THEY WILL RELASE THE VALUE THEY HOLD IN TRADE FOR EVERY COUNTRY ON FOREX AND ALL TARDE SITES AND CBI –
WE EXPECT THEM TO BE WORTH MORE THAN THEY ARE RIGHT NOW –
SO WHEN THEY RELEASE HOW MUCH THEY ARE WORTH WHEN SOLD FOR US DOLLAR -- YOU WILL TAKE THEM TO HAVE THEM EXCHANGED THEN
[millionday] POPPY IS TALKING ABOUT THE PRICING INDEX -- THAT IS WHAT IT IS –
WHEN THEY CHANGE ALL THE PRICES IN THE COUNTRY FOR EVERYTHING OR THE PRICES THEY ARE RIGHT NOW -- THAT IS A PRICING INDEX
caravaggio] I assume it could be reasonably argued that China has a grossly undervalued currency, yet it is internationally traded. Why cannot Iraq do the same?
[millionday] caravaggio THEY ARE SLIGHTLY OFF NOT THIS MUCH AND IF THEY WENT INTERNATIONAL AT THIS RATE IT WOULD NOT BE FAIR TRADE
AND WOULD NOT BE CALCULATED TO BE FAIR TO ALL OTHER CURRENCIES AND COUNTRIES THAT SELL THINGS AND BUY THINGS IN THE GLOBE ---
CHINA IS ECONOMICALLY OFF BUT NOT BY SO MUCH EVEN THOUGH I THINK THEY SHOULD BE FORCED TO CHANGE IT
[faith1] didn;t we see ,,, read about the entry of the pricing index a few months ago,,,, and all the help they got in completing that entries ???
[millionday] NO ---- IRAQ IS STATING THAT BY THE END OF THE YEAR THEY WIL HAVE IN THEIR HANDS ALL DINAR -- THAT MEANS THEY ARE BUYING THEM BACK OR NO ONE WILL GIVE THEM TO THEM
millionday] faith1 YES -- THEY HAVE REPORTED THAT THEY ARE WORKING ON THE PRICING INDEX -- THATS RIGHT -- SMILE
[millionday] THEY WILL RELEASE THE POLICY THEY ARE GOING TO PUT OUT -- THE RULES WHEN THEY ANNOUNCE THAT IT IS DONE
[awesomedtl] its no different than us still coming across our old hundred dollar bills they still honor them
[millionday] WE DONT KNOW YET
[dovi] are they just talking internal
[poppy3] dovi IT WILL BE GOOD FOR 24 TO 36 MONTHS ACCORDING TO THE CBI AND MANY OTHER FINANCIAL LEADERS. POPPY3
[mrref1216] The note count has to be reduced before we see a RV, and thats what they are trying to do...
[millionday] THE FACT THAT THEY ARE ACTIVATING THE MASTERCARD AND LAUNCHING FREE MARKET ECONOMY SAYS TOTAL ECONOMIC REFORM
[poppy3] millionday AMEN