8-31-2012 Gypsy Vardo: Once this is an international traded currency, you will be able to exchange it for any other internationally traded currency including the USD at any bank that handles foreign exchange.
A RV does not automatically make the IQD an internationally traded currency. That is a process that Iraq is clearly pursuing on a parallel track.
Seems that the RV should happen first and the lifting of the sanctions following with international status almost immediately.
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Gypsy Vardo Continued: People need to recognize that the Fed is our Central Bank. Do you really think that the largest economy in the World, that is the international financial center of the entire globe, would change horses in the middle of the stream at a time like this?
It absolutely wouldn't happen. Any changes to anything this fundamental and this important would be openly discussed for years before a change would occur. Look how long the speculation about the fate of the EU has been discussed.
It took 10 years for the EU to happen.
It will take years for the EU to be dismantled, if that will even happen. Relax, the Fed ain't going nowhere. Again, don't even consider such a thing. There is too much else that needs to be considered.
8-31-2012 Mountainman: We're still trying to determine whether or not Talabani has returned. My gut feeling is he has and he's preparing for the national meeting with Barzani.
I can't imagine going another week without a solid date for that. As usual, things take a little longer than we hope but we are clearly making progress.
8-31-2012 Tony (PTR): Talabani is already back in Iraq. He has been back in Iraq. They have already been having meetings. Talabani met with Barzani in Kurdistan on Wednesday. Today is Friday.
So, how is he not coming back until the middle of September. I've got it from several sources that the coins and lower denoms are in the markets and in the exchanges with orders not to be used until after the first of September.
8-31-2012 Patchz12: Ok we have two articles here: 1. Says that Talabani met with Barzani on Wednesday the 29th. This could be real or not. Previous articles said that Talabani would meet with Barzani as soon as he returned from Germany.
So, the first article says they MET. 2. Says that they will not hold a National Meeting without Talabani. Should they do so without him the terms of Erbil will not be applied. It also said that when Talabani does return it would be a morale boost. We will see, watch diligently!
8-31-2012 Butifldrm: Sounds like a push to become Basel III compliant and maybe stabilize the value of their reserves. "CBI proposes trading of gold and silver in the banking. Central Bank announced sending a number of banking proposals to the Cabinet allow dealing silver and gold.
Saleh said that the CBI suggested that the government promote deal banks gold and silver." These recommendations come to the central bank's desire to strengthen financial and maintain the country's monetary policy."