10-30-12 Dinar Alert: Over the weekend we were surprised to see news of a currency replacement in Iraq. Several articles came out confirming this event. Here are a few articles to get you started this week.
1) Central Bank announces replacement of damaged currency early next month.
2) Commission to evaluate the work of the Central Bank freeze its work pending parliamentary judiciary. 3) Maliki Asserts Control Over Central Bank Of Iraq.
4) Problematic Iraqi oil between progress and prosperity or to retreat and misery.
5) Economic researcher expects Iraq to have great economic power in the region in the coming years.
6) IMF reiterates its call to Iraq to lift subsidies on oil derivatives, energy and ration card.
Read More Link On Right
10-30-12 Kaperoni: Article: "IMF reiterates its call to Iraq to lift subsidies on oil derivatives, energy and ration card" This is a great article. With the high level of poverty, the IMF is asking Iraq to stop subsidizing these items: oil derivatives (oil, gas, heating fuel, etc), energy and ration card (flower, wheat, etc). That is the bare necessities of life.
This is another way of saying, "RV your currency now!" The IMF is asking the GOI to give the citizens some wealth! Can you imagine lifting these and doing nothing? The countries inflation would go way up and would turn to chaos.
10-30-12 Tlar: Systematically Maliki has connived his way to this point and mostly gotten away with it. But it is different this time. Internally and externally he has crossed the line. The opposition is finally reading the constitution and using it as a reference tool.
Maliki has violated the constitution on numerous occasions since 2010 but never have we heard the outcry as we are at this time. He has made a grave mistake attacking a man with Shabibi's reputation and credentials.
The best is yet to come IMHO. Maliki will be tied to the thirteen and he will be shown to be the one orchestrating the corruption and theft in Iraq. The international community knows much more that they are letting on at this time.
You don't come from nothing to a multi-billionaire in a few short years on Maliki's salary as PM. There is always a trail that if searched for hard enough, will lead back to the real crooks.
IMHO, he (Shabibi) is preparing and being prepared by the IMF and US to stand trial and this takes some time.
IMHO, Maliki cannot stop this trial, it will be his downfall. Undoubtedly Shabibi has kept a file on makili since Maliki forced him to keep the 4 known States of Law crooks on the payroll. Shabibi probably has records of transfers of monies by Maliki and “his guys”” .
IMHO will cave before the trial and will throw certain members of his own party under the bus. Given a choice I would rather be Shabibi at this time and not maliki. I really don’t think much will change under parliament reconvenes
10-30-12 Tlar: "Attorney Paul warns of counterfeit currency during the pumping process of changing bad categories by new CBI." Iran must be out of the authentic dinar again and is ready to swap out their facsimile ones.
I'm sure this will be acceptable to Malibaba. Shoot maybe this is the reason to stall the removal of the zeros. Iran has run low and needs some more real ones before Iraq RV's the currency. Hey Iran, I'll send you some of mine if it will speed this up.