The IQD Team
Investigate, Question & Deliver
Tuesday, June 26, 2012
Highlights/Summary & Replay of Conference Call
Theme: The CBI Rocks
Conference Call Replay - June 26, 2012
760-569-7699 Pin 769478#
Straight Talkin Mike's Transcription of the Recap of Tonight's News
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed - the following is just Straight Talkin Mikes recap of the news discussed)
Highlights from the CBI/Economy News
A great day of news from CBI
Coming out and educating the citizens of Iraq again today
CBI educating the people...about getting the banking system on line especially the last 3 or 4 weeks....they are really moving forward getting their banking system in line...they're expecting alot of investment in the country to come in....expecting the bank to handle alot of investment and expecting their people to put money in the bank...all 3 of those things are very important and with the amount of invesment coming thru - millions upon billions of dollars running thru those banks to rebuild Iraq as they move forward - with the people when they do RV their money they end up putting lots into their banks if they have the ability to believe in them and believe in the currency then they will do that - and what we are seeing from the CBI and as we have talked about education of the people in the past - they are educating the public - trying to get them used to what is going on ...and in between the political barbs and things that are done...moving forward at a steady pace...they may take 10 foots forward..maybe the policitcal side will throw something out there
take 1/2 step or step back...they brush themselves and move forward again...thats what we expect...lots of pressure to get this economy up and going...and also theres also alot of pressure to get the political side to get things figured out...moving that direction on both sides
Read More Link on Right
"Central Bank: new instructions to regulate the sale and purchase of foreign currency"
"A source at the central bank reveals "for the Iraqi gate" criteria for acceptance or rejection of banknotes"
Huge article...educating the people...one of the things they are educating them on is telling people what they need to know
about the currency and how we replace the currency
Remember we talked about the bills being tattered - they pulled them off the streets telling them we can't accept this currency
if it is...Just giving them direction....same way here if you have 1/2 dollar bill they won't give you credit for it here if its torn..burned..
these are the rules and regs and procedures they are setting force for taking back this money
If I am about to have you bring it to the bank or come into the bank - you will come in - you will buy currency - put new currency onto the street...I want them to know what rules are and we are starting the education process again...these are the means and rules for taking back the currency....people who buried and burned it....it gives them the rules
Love that article...lays out the structure to the people so they understand as they are exchanging their dollars or getting dollars
"Central Bank: the amounts allocated to the loans are not commensurate with the preparation of the staff planned giving them loans"
How do I get a loan for my house?
Why are they putting this information out..why are they putting out these things? Why if their currency is pretty much worthless at this point in time...Sounds to me like they are preparing people to understand that when they have money that they will be able to do these type of things with their money...this is what we are in the business of doing....Educating people about the banking system.
Thats the Final stretch..they are getting people interested in getting their money into their banks...telling them what they can do and how we are going to do it... when you have money that we can loan it to you, etc
We have talked about articles talking to the investment sector...now we see articles coming out talking to the private sector
Sounds like they are trying to build a banking system....looks like it....very straight forward
All very positive developments ...You don't have things like this in place if you are not going to have some sort of value to your currency....think about it...why why because something is going to happen here....
"Parliament and Finance committee support REVALUE of Iraqi Dinar"
Love this....its about time to have the Finance Committee on board
Its almost like somebody told these peoples if we revalue this currency we are going to have alot of money
and then they said okay yeah right right....then they rephrased it...when we revalue this currency YOU are going to have alot of money...Oh I get it......almost like the lite bulb is going off....
We have talked about the CBI has been ready to go for a long time
They are ready...they know what they want to do.....they have a plan....they are moving fowrard with that plan
The things we know that they have been telling everybody is the currrencies are going to co-exist period of 2 yrs...they will have the same value...thats what we know about the plan so far.....and a revalutation of some sort to take place with all of this....
To hear these guys talking this way....Sounds like CBI is in control of this process..sounds like they are in control of the money and getting things quiet on the street with everything they have got going.....GREAT ARTICLE...CBI is just Rocking and Rolling
Tariffs Were the topic of the day and the emails....
Received so many emails and calls today people upset about the Postponement of the Tariff Law
They have postponed the tariff as far as we can tell....which if you have come to our call you would know that there is always a possibility of that happening...not that it could probably happen..and would happen....But kinda suprisingly enough the CBI came out 2 days ago saying they were in favor of the tariffs....everything was ready to go and they were moving ..and just wondering if this isn't a last ditch effort from Maliki to try to really mess with the CBI
Not that it is important thing...You do NOT need the tariffs in order to have an RV - the tariffs not happening did NOT stop the RV
Everybody needs to understand that there is not one thing that is going to stop this...start it...its a process..its a series of events that go on..there are not things that are going to do it - actually the tariffs NOT happening happened to help this plan thats in place move along according to the plan - and not have to be changed because of undue regulations or things that were happening - apparently they had a plan that the tariffs were going to go there
Maybe that was an interim step..now maybe they can go ahead with the full RV and do what they want to do because they are moving at breakneck speed to get things done
Calm done....if you have come to our call you know we have said this before....There is not one single thing that is going to make this RV happen....take a deep breath...it happens....these are the small things that come up....Its Not a critical event in this whole process.....it actually helps the process a little bit more because it does not put it under pressure and they are not trying to make mistakes or do things and now they can do the plan the right way and move forward - Who knows maybe tomorrow or next couple of days they will change their mind and they will do things
The tariffs in their mind are to protect the customer and to gain access to the WTO...those are the the 2 things that can happen either at the beginning or the end - doesn't matter where they come in
its a good thing...its going to add inflation....they don't need any more inflation - they just started adjusting their inflation numbers again to get away from what the CBI was putting out - they took out oil and gas from the figures and lowered the numbers a little bit - obviously you are going to expect those type of things...don't worry - don't panic...we are moving along...This is NOT event driven as we have always said.....tariffs do not have to be in place to have an RV
"Cabinet approves bill to postpone the application of tariff law"
History of the tariffs - great article to read
Its important and its very important to join the WTO
But I gotta tell you its only going to be a period of time before they actually have them on - Don't get disappointed - it has nothing to do with the RV - Its moving along as it is supposed to...Nobody knows what the process is....we are watching the process unfold in front of us
Its probably almost a little bit better for Shabibi not to have that pressure right now...
He's got his plan in action - and as he has been moving and his banking system getting ready to go he's getting ready to roll out onto the street his ability to do what he needs to do to keep control of the currency and the rates in country.........There is a plan here and they are working it...keep the faith
Listen to the recording for all of the great discussion and analysis after the other news articles read tonight
CBI is ready - moving full speed ahead
They've got the backing of the Finance Commitee - they are excited about the actual words we saw REVALUE of the Currency
They reiterated the same things that we know...that is going to be running congruent 2 years - same value and that they are goining to keep the value the same and the purchasing power the same
They are pulling these plans out...they are getting people excited about the banks - talking again about Islamic Banking which is so key - They are getting people ready to put money into the banks
and I have to tell you - you are not going to do that with something that has no value
CBI is taking charge of the exchange rates - taking charge of the project to delete the zeroes like they own it and moving forward...there work has been done and we have documented that - well done almost 6-8 months to a year ago - they have been ready to go - with the policital situation and things that had transpired -closing down your country for 5 days - all that has big effects on your economy and they had to keep that going well while they were juggling all of those other things - It is a just a matter of time
Happy and excited to see they are getting everything going...the private banking sector is going getting the banking off...we have seen numerous articles abut the technology that they are using - everything that is available for them to have the banking sector & the private banking sector....it definetely is moving ........They have a plan and they are moving towards the Revaluation of their currency
and they are Not trying to hide it as much anymore...they've got the Finance Committee on board and that is who they need - they just need some regulations passed for them as they are moving and doing what they need to do - they have a plan and they are working it
Tariffs - at this point have been postponed by Maliki - this does not affect the RV in any way shape or form...its not event driven - it basically gives the CBI more time - as a matter of fact I think they might have done some reverse physcology the other day when they put out an article saying they were ready for it but I do believe they are ready for just about anything that gets thrown at them
at this particular point in time so I don't think they are going to come out and say they are not ready for anything...
Once they get the banking system in place...once they get this exchange system in place where you have to go to the bank to get your money and exchange and they can figure it all out basically they will have control of that economy and exchange rate and noone will be able to shake it...I think it actually helps the RV to a certain degree because the plan that they have its better if they can enact it without having to do anything funky along the way and have to go back and correct it in the end....Don't be suprised if two days later they do enact something and it doesn't RV because it is NOT event driven...
There are alot of things going on..The CBI is working with Europe to get investments in from there.....bring wealth in and out and transfer between the two - help maybe with the Euro so there is alot going on
Alot happening underneath the scenes...
Shabibi gave a speech today and he is very well respected and knows exactly what he is doing as he is moving forward
Sadr coming up talking about he will will throw his votes towards any vote of No-Confidence....Maliki knows his days are numbered - the best thing that he can do is negotiate what he needs to do
....get this National Meeting Going - appoint the ministers - lets get the Strategic Council set and lets move it along
Just a matter of waiting for Talabani to return to the country to see what happens next..I assume he will Back any day now..if not already....don't be surprised if the political situation gets
as quickly as it started ends just as quick.... ...there are lots of negotiations going on behind the scenes...and i've always said in these type of situations that it can happen that it just comes up and a few days later you see them standing there announcing their government...thats how close alot of this is
and I have to tell you its all moving forward - there are NO steps being taken back...and I am so excited about the news today
For all of those who missed the Joint Round Table Discussion with LJ's NEXT STEP and The IQD Team - the replay # is 530-881-1499 Pin 702073# - We thank LJ's Next Step and their team of professionals for helping us to jointly come together as Two teams....One Vision...Working Together....Arriving at the same place for the dinar community....We look forward to many more to follow
And there you have it...
Straight Talkin' Mike On The Straight Talk Express
Bringing You Another Night of Positive News!
The I.Q.D. Team, Ltd.'s News Coverage
for Tuesday - June 26, 2012
CBI / ECONOMY
Central Bank: new instructions to regulate the sale and purchase of foreign currency
A source at the central bank reveals "for the Iraqi gate" criteria for acceptance or rejection of banknotes
Central Bank: the amounts allocated to the loans are not commensurate with the preparation of the staff planned giving them loans
Advisor to the Central Bank: Open a new Islamic banks will enhance the work of state banks
The legislature directed the Central Bank to support the deletion of zeros on the currency
Parliament and Fiance committee support REVALUE of Iraqi Dinar
Central Bank excludes petroleum products from oil and gas from the inflation indices
Energy Parliamentary Committee will decide on the adoption of a draft oil law for 2007
Cabinet approves bill to postpone the application of tariff law
Council of Ministers decided to postpone the application of customs tariff law to be applied when investigating the circumstances of
Sadr Won’t Back Maliki if Reforms Not Expedited
EXTRA NEWS ARTICLES OF INTEREST FOR YOUR READING PLEASURE
Continued high price of the dollar in spite of the increasing sales of central bank
Central Bank: import equipment to check counterfeit money Online
Appearance: The demand for a ziggurat on the currency re-life project to delete the zeros
Raise the zeros in the book
NEWS ARTICLE LINKS
What a great night of news, analysis and discussion and Q & A
Listen to the call for all the rest of the news shared and more during the Q & A
We are getting closer every day......GET R DONE!!
Conference Call Replay - June 26, 2012
760-569-7699 Pin 769478#
As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A
Every Tues, Thurs & Sun 8PM EST
760-569-7676 769478# or 712222#