10-4-12 Unirod: This is all tactical and the CBI is playing dumb! They are scooping up Dinars at a discounted rate knowing full well what is going on. The CBI is using ME conditions as an excuse to claim instability in the exchange rate.
The CBI does not care how the Dinars are scooped up, Black Market rate or otherwise, just that they are coming in to the cophers at discount IMO.
10-4-12 Mountainman: More good news today showing progress and continued efforts to resolved the oil and gas law and Chapter VII removal. The reform paper is still on the table and I think that has power sharing in it. All could fall in place very quickly.
Read More Link On Right
10-4-12 Kaperoni: Not much more to say on this subject other than what was said on the CC. Which was they were in a "testing phase" of the platform. The platform is, in essence, a trading room developed specifically for trading the dinar.
So once it goes on the "float" the system will be ready. That testing phase started end of last month and will be completed by mid Oct. What happens after that, I don't know.
It's not a simple thing. And it's not like we have all the answers. Simply naming someone means nothing until it is part of the plan and factual. Until the CBI announces they are going to put the dinar on a float, and the platform and capacity, it all means nothing.
When we know more that is relevant, we share. Iraq needs to account for as much as 10 trillion dinar sold outside of Iraq. The dinar we hold.
There is only one solution for that as stated by Saleh himself last year when he said..the dinar will be held a reserve currency around the world for a very long time. Or something to that effect.
So, in order for that to happen, a facilitator needs to become part of the plan. As well, part of that plan would include some kind of float to make the plan viable and profitable enough for central banks to play in the plan.
That whole thing will be an enormous task for any entity. I refrain from naming anyone and will let this come to us. It is an exciting time to see it play out.
Newshound Guru (Enorrste)The Professor: I remain concerned about how much influence Maliki has or will have in restraining Shabibi.
However, given the fact that Shabibi has been astute enough to enlist the support of the entire Parliament plus most of the influential economists in the country prior to his "going public" with these various conferences, it seems to me that he is determined to move ahead with or without GOI approval.
It is also clear that Shabibi does not have the GOI behind him at this point. This is evident in that he has set back the "remove the three zeros" and the introduction of the new currency until at least 2014. However...the changing of the rate is still in play and can occur at any time.
Once he releases the currency to float freely in the market, which is entirely his right to do, Maliki will have no control over the rise in the value of the IQD. We must keep...our focus on the rate change only. Everything else is just politics.