[michigander0131] Here is a very very good explanation of where we are and were we need to be/// from one of the best intel guys around
7-10-2012 Kaperoni: Its been an amazing week with all the CBI articles. Iraqi citizens will be forced to turn their dinar into the banks which will not only force them to get bank accounts but also address counterfeiting. Don't listen to these guys talking about bank screens or high rates.
This is a process, not a single event. It's a collection of events. In order for the dinar to have value a series of events have to take place that complement each other.
Read More Link On Right
For example: The IQD cannot simply RV when they want to, it's not that simple. The CBI needs to accept article 8 in the IMF to make the currency internationally recognized.
The RV can NOT come out at 3+.
I don't care who you like listening to, I don't care what explanation he gives you, there's no chance it can come out at 3+ because the central banks are going to be buying and selling it and Shabibi is going to be pricing it and therefore it has to come out at a stage rate, at which there is room to grow.
The rate will rise over time as Iraq proves to the world they can accomplish what is expected of them.
[michigander0131] Now all this stuff you hear on these sites about lining up banks or "bank packages" is just all CRAP!! THERE ARE NO BANK PACKAGES!!
Even if they are in Article 8 and accepted internationally, they are still an exotic currency. They first have to create demand and we do not yet know who will even be participating. Until there is momentum for the IQD because it's an exotic currency what banks will be involved is stil to be determined.
We have 10 days before Ramadan and I just don't think there is enough time for Parliament to pass the economic laws and the financial law Shabibi needs to RV the currency before then.
[michigander0131] so IMO im also hoping sometime around september/and pray that it might just be before that
[Agent 007] let's all pray it is much sooner than that
[bjj (Barb)] michigander0131 , I pray it is before that too.
[michigander0131] me too /but reality is there is still stuff that needs to be done/
[bjj (Barb)] Kslark , sounds cool, but, but,,,,, Agent 007 , Amen. michigander0131 , how have you been??
[michigander0131] im good and how are you
[bjj (Barb)] michigander0131 , good here too, could be better with the rv,
[michigander0131] just sitting back and watching this all unfold
[michigander0131] yes that would be nice/we are getting closer
[michigander0131] the articles from cbi and finance commitees are telling there citizens that it is getting close
[bjj (Barb)] michigander0131 , I think so too, so much has been accomplished.
[michigander0131] yes for sure/ they are almost done IMO
[bjj (Barb)] I agree and also the news around the world are even talking about it more.
[michigander0131] i do not believe it will go past 2012
[bjj (Barb)] michigander0131 , me either.
[bjj (Barb)] michigander0131 , what do you think about Miliki? Think they will keep him or boot him?
[michigander0131] he will not go anywhere IMO I think he will serve out his term
[bjj (Barb)] could be
[bjj (Barb)] I would have thought if they were booting him, they would already have done it, instead of all the stalling. Seems they are good at stalling on all of it.
[michigander0131] I dont think cbi at this point really cares they will just go on with there plan
[bjj (Barb)] michigander0131 , that is good. I hear Shibibi is getting very impatient.
[michigander0131] yes i believe he is /its just that the banking and financial systems in the country must be able to handle it and they are just not completely finished yet/close but not there yet