Category: Dinar Alert

July 27, 2013

Enorrste / Tlar & Dinar Alert Member Dialogue

This Post is a continued post: For reference check this LINK

Banking sources: Outlook down the dollar against the Iraqi dinar in the coming days

Thursday, 25/07/2013 | Source:

Parliamentary sources confirmed, Tuesday, that the rate of the Iraqi dinar will rise versus the dollar in the coming days in light of steps taken by the Central Bank of Iraq. According to a source in the Iraqi Central Bank “parliamentarians, officials and economists praised the reduction in the exchange rate of the dollar and the high price of the Iraqi dinar in the light of steps taken by the Central Bank and banks in this area, which is reflected in this activity”.

The source stressed that “this is expected to continue to decline for the dollar and that the rate of the Iraqi dinar has improved more over the next few days according to the indications of the Central Bank and the market.”
…
Read More Link On Right

The report recommended that the International Monetary Fund, Iraq the pace of structural reform to boost growth and job creation in the private sector, and the need to continue the rational management of the foreign reserves of the Central Bank of Iraq and the Development Fund for Iraq.

The Bank had earlier said (19 July), that Iraqi banks Association agreed with the Central Bank reduced the cash dollar exchange rate instead of the dinar to 1180-1184 Iraqi dinar as of last Sunday, with the expectation that you responded to this initiative, all banks, he indicated that this reduction will bring great benefit to the citizen. LINK

    Enorrste at July 24, 2013 at 8:36 PM: Once again I agree with KAP entirely. This stabilization move on the part of the CBI will get it to 1166 shortly and it will then hover there, stable as a rock, until the announcement of the free float.

    Incidentally, the word “pip” is the wrong one to use here. We should be using the word “point”, since a “pip” is 1/100th of a point. FYI   Enorrste

BNA13: Enorrste, I assume you are talking about the MR.

I disagree. The MR will break 1200, heading up to 1190-1185. On the way up, the Official Rate will move to around 1160 or so. As the MR continues to climb, so will the OR.

As these two rates climb together, the 2% differential (anything above that is called MCP, Multiple Currency Practice, by the IMF) will be maintained. I think the OR will stablize at 1095 for awhile before it hits the final stretch to 1000:1 by mid-October.

The de facto peg will be maintained via the auctions. One thing is sure. We’ll all see what happens.

Enorrste: Interesting thoughts, BNA13. However, there is a problem in your logic if you buy what KAP and I have been predicting thus far.

First, the official rate has stayed at 1166 for a few years now. We predict that the CBI will announce a freely floating rate. In that scenario, then, I cannot see the CBI having a rate of 1160 as you state.

That would indicate a “managed float” rather than a “free float.” Therefore the CBI will not be controlling the rate itself, but only the pace of change in the rate.

I do agree with you that the two will go up together, however. I suspect that you weren’t trying to say that the CBI was going to change the Official Rate unilaterally in a jerky fashion, but rather that it would allow it to follow the market rate.

I’d be interested to hear your reasoning on your belief that it will hover at about 1095 for awhile before it moves to 1000:1 by mid-October. That is a rather direct prediction. Anything to back it up?   Enorrste

U Mad Bro?: Tlar, is it your opinion that we will see Iraq move to article VIII sometime in next 30 days?

Tlar: U mad bro, I think Turki will have to do something very positive to the currency in order to keep these banks from straying from this plan. Let’s assume for a second that this plan that is targeting reducing the street rate is successful in a week.

Turki must do two things to insure that the banks sacrificial effort is first rewarded, then no longer necessary. Without a reward, the banks won’t hold to this plan.

Without an at least some semblance of a termination of this sacrifice, the banks won’t hold.

In other words the banks can not continue to sell the dollar at 1179 because there is not only no profit in it for them, but they actually incur cost. The lines of people that have been waiting to be served everyday require bank employees that cost salaries.

These bank employees become instantly a burden because they make no money while they work all day. They are unproductive. It is the hope of the CBI that these lines will diminish as the rate stabilizes.

We have heard that there is less demand for the dollar but that is not born out by the sale of cash dollars at the auctions as of yet.

So while the thought is basically sound in this plan, if the plan starts to disintegrate because it either takes to long or the banks begin to believe that they will not see the carrot anytime soon, the plan again won’t hold.

As to your question on IMF Article VIII. I think there is ample proof that these banks are not unilaterally making this sacrifice. In other words there most likely is a reward for their “selfless act” on the table but just not public announced.

If we look at what the bank could possibly bate these independent banks with that might make it worth their while to eat their own body fat, the list is short.

I see RV and IMF Article VIII happening at the same time followed by either a free float or a managed float. Most importantly though, there must be a change in the currency because these banks would never make this kind of a sacrifice just to watch the currency start to creep up.

That’s a formula for disaster in my opinion because again, the banks can’t do this for long. If they break the plan no matter why at any point, the CBI will have to regroup and start all over again.

Changing the value significantly, changes the conditions on the field. One it should immediately stop dollarization in its tracts and actually reverse the trend making the sales of dollars a very small part of the banks profits.

I think it was stated in an article or someone on here said, “there is a complete shift in policy going on.” I too see that but I see more important that this plan is the vehicle to get there quickly.

Bringing the rates together is but one step of this plan. Step to is the reward and it the first part works, Turki better provide the second.

Once the reward is instituted the massive amount of dollarization will disappear and actually reverse.

That’s why I believe Turki will delete the zeros, institute Article VIII, and immediately reverse the course they have been on. He must do it in a tolerable period of time for these independent banks or their sacrifice will have been in vain..

Paxx:     I don’t see the point of stabilizing the current rate,brining the street rate together with the official rate, rate stabilization in an artificial market, a 4 pip reduction or any of that stuff.

Once they go international, none of those things will have mattered. Once they go international, de-dollerize and have more IQD (low denoms) on the street, it will increase the velocity, liquidity, and value of IQD. It won’t matter if they could stabilize any of this closed monetary BS.

Once they go international they will be dealing with bunch of new monetary, banking, economic problems, but good problems and ones that take place in an international reality, not some artificial limbo they are in. So IMO all they need to do is go from article 14 to article 8 and take this MOTHER international and let it float or RV and float. They just need to DO IT.

July 19, 2013

Official TNT Tonys CC Notes From TNT Forum Friday PM

THIS IS TNT DINAR’S Call Notes for Friday, July 19, 2013 at 1pm EST and I apologize for anything missing.

Always keep in mind, that this is what I heard and transcribed. It’s Tony’s info and opinion – based on what he’s received via sources in the Dinar community and the World.

Feel free to always verify what you hear, and do your own due diligence.

Thank you for being a part of TNT DINAR.

Have a great day!:) Montana

********************************************************

FRIDAY JULY 19, 2013
TONY: GOOD MORNING TNT
HOW YOU GUYS DOING?

SO LETS GET STARTED WITH TODAY
EVERYBODY HAPPY
WE HAD A GREAT GREAT DAY YESTERDAY
EVEN IF YOU DON’T REALIZE IT
HAD A LONG NIGHT…WILL EXPLAIN IT
….
Read More Link on Right

YESTERDAY WHEN I WAS GIVING THE INFO
I WAS GETTING TEXTS FROM OTHER SITES
THAT IT WASN’T TRUE
AND THAT I MADE IT UP

CHILDISH STUFF TO ME

MY THING IS TO GIVE YOU ALL THE INFO
PUT IT TOGETHER
SORRY THAT YOU HAVE TO GO THRU THAT
I READ THE BOARDS THIS MORNING
I APPRECIATE ITAND EVERYTHING THAT YOU DO
TO PROTECT ME
I’M A GROWN MAN AND FAIRLY INTELLIGENT
GREAT CONNECTIONS AND CAN CLEARLY SEE WHATS GOING ON
BUT IT DOESN’T MATTER
IN THE WHOLE SCHEME OF THINGS AND WHAT WE ARE DOING

AND I DON’T UNDERSTAND IT
ON THE CALL YESTERDAY
AND NOW THEY’RE SAYING THEIR SOURCES ARE CONFIRMING IT
I’D SAY GO SEE
NOT THAT ITS WRONG
DIDN’T HAPPEN
CAN’T FIND THE TRANSCRIPT
SO IT DIDN’T HAPPEN
RIDICULOUS

SOME DON’T CHECK…JUST SAY ITS A LIE…OUTRIGHT LIE

I LOOKED THIS MORNING
WE HAD 8000 PPL SIGNED UP ON THE SITE
AND I WAS TOLD THAT ONLY THE STUPID JOBLESS PPL LISTEN TO THE CALL AND THE RHETORIC
AND THEN I GET ALL THESE EMAILS
HOW THE ONLY THINK THEY TALK ABOUT ON OTHER SITES IS MY CALL

IF YOU DON’T LIKE IT, DON’T LISTEN
THAT’S WHAT INTELLIGENT PPL DO
IT DOESN’T MAKE SENSE
WHY RUIN YOUR DAY
WHY WOULD YOU TALK ABOUT IT
DON’T YOU HAVE YOUR OWN INFO
IF ALL YOU CAN TALK ABOUT IS MY CALL
THEN….GO FROM SITE TO SITE
AND GET INFO AND SEE FOR YOURSELF

THIS IS WHAT THE BANK PACKAGE IS ABOUT…. AND NOT TALK ABOUT SOMEONE ELSE’S CALL
SEEMS LIKE A BUNCH OF CHILDISH STUFF TO ME

I’M PASSING ON INFORMATION
AND THE MINUTE IT GOES LIVE YOU CAN SEE THE ABSOLUTE TRUTH
EVEN ON MY BOARD
SAYING THINGS YOU DON’T LIKE
WE CAN GET RID OF THEM
THIS IS HOW THE PROCESS WORKS
EVERYONE DOESN’T GIVE ME A TRANSCRIPT
BUT WE BRING YOU THE INFO AND WHATS GOING ON
IF YOU DON’T ….THEN GO SOMEWHERE ELSE
AND LISTEN TO THEM SAY THE RV IS NOT HAPPENING..
MAYBE THAT’S WHAT SOME PPL NEED

I SEE THIS GOING ON THIS MORNING
AND DON’T LET IT RUIN YOUR DAY
SO THIS IS WHAT HAPPENED

WE IN FACT DID GET A CONFIRMATION ON WHAT WAS SAID IN THE UN
AND I WOULD LOVE TO TELL YOU WHERE IT CAME FROM
WHEN I TELL YOU WASHINGTON, JUST BELIEVE IT
BUT WHY WOULD THEY DO IT, AND WE HAVEN’T SEEN IT YET
WELL THERE ARE 2 COUNTRIES THAT ARE TIRED OF PLAYING AROUND
THEY WERE MOTIVATED TO MAKE THE ANNOUNCEMENT YESTERDAY
AND PUT IT IN PUBLIC

AND ASSURED THAT THIS IS GOING TO HAPPEN
AGAIN I DON’T HAVE THE DATE/TIME OF WHEN ITS GOING TO HAPPEN
BUT BASICALLY WE’RE TIRED OF THE BS
AND THIS NEEDS TO HAPPEN WHILE EVERYONE IS HERE
WHETHER YOU WANT TO BELIEVE IT NOT, VERIFY, THAT’S UP TO YOU
GETTING IT FROM SOURCES I TRUST, AND AHEAD OF THE CURVE
AND NOW GETTING IT FROM OTHER SITES THAT VERIFIED IT
THANK YOU FOR DOING THAT

YESTERDAY, PPL INVOLVED IN THE PROCESS
WHERE ALL ORDERED BACK TO THEIR OFFICES YESTERDAY
THAT WAS AT 2, ANNOUNCEMENT AT 2:15

BANKS WERE GIVEN INSTRUCTION LAST NIGHT AND THIS MORNING
FULLY EXPECTING IT

I COULD HAVE PUT THE CALL OFF FOR A FEW HOURS
WAITING FOR SOME INFO

WE ARE CLOSE TO THIS EVENT
THEY HAD THEIR REASONS LAST NIGHT
ASSIGNMENTS GIVEN EVERY CURRENCY LOCATION
STILL UNDER NDA’S

BASIC OUTLINE
THEY WERE GIVEN THE 3 TIERS…THE CASH OUT AMOUNTS
I DON’T KNOW WHAT IT IS…I WILL KNOW WHEN THIS IS RELEASED
I’LL KNOW THE RATES AND THE LEVELS…AND I’LL TELL YOU THE BEST I KNOW

THERE IS ONE OTHER THING THAT I’VE TRIED TO TELL YOU FOR WEEKS AND MONTH

WHEN YOU GO TO CASH OUT
THE PERSON ACROSS THE DESK FROM YOU
WORKS FOR THE BANK
THEY’LL SMILE IN YOUR FACE AND LAUGH AND JOKE
BUT BELIEVE ME, THEY ARE
HOLD ON
MIGHT READ IT
THE PERSON AT THE BANK
IS IN THE BEST INTEREST AT THE BANK
IT WAS RE-ITERATED TO THEM
AND I’M TELLING YOU
YOU HAVE TO GO THERE AND DO THINGS
SO PAY ATTENTION
PAY ATTENTION TO WHAT YOU ARE SIGNING
I’LL TELL YOU AFTERWARDS
PAY ATTENTION
ASK QUESTIONS

THE INITIAL CASH OUT APPTS. ARE 15-20 MIN.
THEN BRING YOU BACK IN AND INTRODUCE YOU TO THE BANKERS.. BROKERSAND DISCUSSWHAT WE ARE GOING TO DO WITH THIS MONEY

GOING TO GET AN UPDATE LATER TODAY

DID PPL WAIT FOR THIS LAST NIGHT…YES THEY DID
DID THEY GO IN EARLY THIS MORN….YES THEY DID
IS THERE A MEETING IN DC. W/ BANKERS …YES THERE IS

WHAT HAPPENED IN IRAQ
DO THEY KNOW ABOUT THE UN
THEY WERE BRIEFED THIS MORNING IN THE MOSQUE
THEY WERE TOLDIN THE NEXT 10 DAYS
THEY WOULD SEE IT GO LIVE AND GET THEIR BENEFITS
THEY THINK IT MIGHT HAPPEN TUESDAY MORN. DURING THEIR FEAST AND CELEBRATION

MY INFO ON THIS SIDE
THEY DON’T THINK IT WILL TAKE THAT LONG
THIS MORNING. AT 9 CENTRAL..COUNTING IT DOWN
AND W/IN 15 MIN. IT CHANGE=D
COULD BE THE MEETING IN DC.
I THINK YOU ARE ADULT ENOUGH TO HANDLE IT
BEEN IN IT LONG ENOUGH TO UNDERSTAND

MINUTE BY MINUTE
I DON’T WANT ANYONE TO DO WHAT THE LADY DID ON THE CALL YESTERDAY
AND I’M NOT HERE TO CONTROL YOUR MIND
ADULT ENOUGH TO MAKE A DECISION YOURSELF
I GIVE YOU MY SCENARIO
BUT ULTIMATELY ITS UP TO YOU
WHATS RIGHT FOR YOU AND YOUR FAMILY
SOME CAN HANDLE ITAND SOME CANT

BUT WHY BE ON THIS CALL IF YOU CAN’T
ITS GOING TO BE HERE SOON
YOU’LL GET THE TEXT
AND THEN YOU WON’T BE ON THE UP AND DOWN
NOTHING PERSONAL TO ME
THIS IS BIZ. OPP.
I MEAN THE OTHER SITES TALKING ABOUT WHAT WE ARE TALKING ABOUT
INSTEAD OF TAKING CARE OF THEIR OWN PPL
IF I HAD AN HOUR LONG CALL TO TALK ABOUT OTHER SITES
YOU WOULDN’T NEED MY CALL
BUT WANT TO GIVE YOU GUIDANCE AND CHOICES
FOR INTELLIGENT PPL
WHO LIKE IT AND CAN HANDLE IT – GOOD BAD OR INDIFFERENT
SOME RELATE TO YOU DIFFERENTLY
BUT I THINK YOU ARE THE SMARTER PPL

LETS JUMP INTO Q & A’
I DID GET MESSAGES RIGHT NOW
BUT NOT TILL THIS EVENING, THE FINAL PIECE, IF ITS THE FINAL PIECE, BUT THEY’RE ON THE STARTING LINE

C- several sites say Okie is going to make the announcement
t- I talked to WF myself and they told me that he is
c- realistic time table
t- they announced it at the UN, told the ppl in the Mosque, and told them 10 days, how can they announce it and wait 10 days, and ppl can buy all the dinar in the world, which I don’t want you to know
t- I did get this, it did go live on NASDAQ for, not Forex, at 5:45, 5:58 and 50 cents, some said it was a requirement, and I try to sort thru it and gives me and you – an advantage over others that get it from one source or location, so make better sense out of what we get
c- what is NASDAQ
t- like the NY Stock exchange, forex, trading platform
c- ty
t- you can look it up

next
540
c- did you hear the glass eagle, held up in the house
t- what?
c- supposedly they passed in the house, but wanted … 1999 ….
t- nope

405
c- so excited its not legal
t- lol
c- got the honor twice to talk to you
c- profitsmith from Ok
c- ? about WF, none in the state of OK
c- how do I go about getting in contact w/ WF to exchange my dinar
t- glad you came on and asked it, great ?, in their list they rec’d last night, WF has contracted w/ Mom and Pop banks are on the list and they’ll send you to that LOCAL BANK
if you dial that group number
c-dont’ have to go to a WF
t- you do not
t- they explained to me last night, and that’s why the smaller banks had to be Basel3, to bring them into the group
t- we knew that was part of the hold up and last night got this info, and it tied it in
c- that makes a lot of sense too
c- ppl like myself having to travel 5- hours to a WF , do what I needed to do
t- bad connection
c- I’d walk, jump whatever to get to the bank
t- they made it easier, you give them the zip code and they tell me its covered
t- they released it to their employees, even thought they had them sign a whole bunch of papers on info they could and couldn’t give out,, they are the ones you’ll be talking to, and direct you, and know you want them to sit on this for 10 days, that’s asking a whole lot of human nature
c- don’t think so
t- before 10 days someone will start talking

705
c- 95 degrees
c- diff. levels of ppl in the bank… in a group, 50K or 5M will get the same rate
t- i was told just the opposite
t- everyone in the group, the set up has 3 diff. levels based on what you have, and thought it would change after the banking meeting last night, but no, maybe after the meeting this morning… but in a small group, you may be able to negotiate, things can change, so not hing is written in stone, and say I’m not giving you my $50M if you dont’ give him w/ the $1M the same rate… the 888 is built in negotiations, some ppl can’t negotiate
no one is paying me
I’m just giving you the info
Sterling, WF, BofA, Chase doesn’t pay me, giving you all the options so you can decide
c- you mentioned employees meetings, is it rumtel or fact
t- i can declare it as fact, wouldn’t be able to tell you the time it started and ended, …. and the info in it
c- retired banker, been on the call for 2 weeks, you are more like an educator, and world wide economist and looked for someone who can educate us, and call a spade a spade, and have resources you can’t mention, but can count on, ty
t- ty
t- If I could tell you who they were, I’d like all of them to be thanked… but they’d lose their job or go to jail – I’d like to bring them to Vegas and meet these guys themselves and show you their credentials… maybe when $ in your pocket….
There are a bunch of ppl here, Montana, Already Blessed, Kentucky law man, SoReadyForIt, Ray Ren, and get information, from here and other countries… and another one in there is God Son, cause you see him in there, and he gets some really good info for us…
Wide Awake Wilson…

818
c- special groups thru Travelex, a billion dong, but exchange at WF and WF said they had to exchange both,
t- it may be an agreement they made with them
t- the ppl that I’m talking w/ didn’t say that, they don’t know how much you have – don’t know how they can demand it, unless its a package deal
c- double dip, dont’ exchange a large amount, they could trace it
t- no one is going to trace anyone
t- the fincen form is going to…
t- WF is not getting info from other banks
t- banks don’t do that
t- just trying to get all your money, that’s all
t- you could go to BofA and then go to WF and get the group rate
c- heard that WF would have lots of restrictions, and insist that it goes into a brokerage acct.
t- what I was trying to tell you earlier, they work for the bank, not for you, they’ll smile in your face but they work for the bank
t- bottom line, and not saying its a bad thing, I don’t do plumbing, and the lawn, those guys need to feed their family too, and realize that these guys have a job and get paid on commission, so understand that going in,
c- w/ Group rates, can’t take the $ out, w/ restrictions
t- shouldn’t be that many restrictions
t- maybe a portion, 10,20.25% for a period of time — are they going to say hey, going to take 80M and invest it for you, absolutely, and let them control this… they’ll have graphs and charts, and how much $ they made working there, pay attention to that, and will it work for some ppl, yes
t- if you loose it all , you have someone to sue
t- but for some ppl…..
c- I want to control my money
t- don’t want to put this all on the groups, if you go on your own, they will do it, other banks too

314
c- a Great Day!!!!!!! Tony the Tiger no doubt…. Nehemiah building the wall, and meet in the Valley of Ono……listen to you because we get where you are at…
c- no spread on the Dong or Rupiah, across the board
t- I don’t know that guys, the dong is at .58 and know that it will go a whole lot higher…. if you ask for the higher rate, you will get it, but if you go in and take it… that’s what you will get, can you get a higher rate from the beginning, and they know the ceiling and know what they can pay, and then leave the money here for 6 months and the interest will cover what they gave you
c- so one GROUP RATE moment
t- in the group, the dong and Rupiah isn’t in it, one with the Dinar, but after that you can go back to WF and negotiate on your own…. so only get the group rate one time
c- so subsidiaries all over, like the guy in Ok,, Mom and Pop’s
t- that’s right
c- can you work the group 888 and put sell orders w/ Frank and upping it…
c- at some point you have to pick, would Frank be upset if you went to the 888 meeting
t- absolutely he’ll be upset, its a contract
t- wouldn’t you
c- you give your word to a dealer its done
t- i agree
c- feel like splitting my dinar and….
c- put the plan together as it goes
t- I can’t believe Frank is doing that, and he says yes
c- you mentioned one bank, that was willing to consider you a group w/ 5M
t- no, 5M,
c- yeah
t- I’m sure they all will
t- any bank will do that, they all want your money, every one of them, and make sure the money doesn’t walk out the door, there was something w/ the 5 and w/ 10
c- opened at BofA don’t know squat, WF same thing
t- they do
t- I have cash outs set at both, so they absolutely will do it
c- diversify
c- last thing, I was mailing a letter, cool car, its a BENTLEY that’s like a Sedan, coolest thing.. Tony knows what he’s talking about, what a ride.
t- 2 things, 5m was for single, and 10 m for the group to get the high rate
t- i will give you the 3 tiers as soon as its released
t- see you sending the emails and the texts, and it bothers you more than me, and i know at the end, some others will be shocked what really happened, and don’t want you go thru that and fight, you realize who the adults are….never going to do a call to talk about someone else’s biz.

931
c – done what you told me, in since ’05, seen them come and go, and listen to them all, no one has been exactly right, you’re closest to get the cigar, maybe cause you enjoy them
c- did they announce it in the Mosque, and the UN revaluing, whats to stop the Iraqi ppl to hoard all the dinar they can
t- nothing can stop them and if they are smart… using the USD
t- yesterday everyone’s card was loaded, and more than was ever on the card before, they know its coming…. if theybroadcasted, in a few days, richest currency in the region, and today they told them in the Mosque, that it was announced international that we RV’d our money and in the next 10 days it will go live, and they might hold their money and not spend it, until it rv’s…. if we told them - don’t spend money for 3 days, it would rv, the country can’t go without money being spent
t- what i didn’t tell you, there were planned riots throughout Iraq, if something didn’t happen, they needed this to be said and get excited once again, at some point, they’ll actually need to do it, and that’s where we are at
c- is it there plan, by announcing it, to dry up the excess dinar
c- dealers etc..
c- to account for every dinar
t- i think they can, except for the smuggling, they didn’t do it by choice yesterday…. shouldn’t have said that, mitigating circumstances behind it, can’t keep saying it without doing it, and yesterday was to prove that yes, we are going to do what we said we’d do

646
c- Hallelujah, ty, ? is this a one time group rate, with one bank, or…ie. go to one bank and get a group rate and the go to another and get a group rate
t- Okie, Gen64/ Deb Tar Heel, those are the names that were mentioned to me at WF, dinar recaps, and each one had a part in announcing this, I didn’t get it from them, but from WF and this is how it will work and that’s what I’m trying to share, their rules don’t apply to you walking into Chase…. and then its your agreement… no one can tell you that you went to BofA and got a group rate, and another bank is not going to tell them you can’t cash out.. its none of their biz.
c- so the double digit rate, WF and you have a group, if you are not part of the group you named
t- don’t know, you are going to negotiate – dont’ know how much dinar you have, they’ll try to give you the least they can
c- go now, or wait till after the RV
t- I would wait, we’re so close, they’ll tell you we’re not doing it now
c- when do we get the 888#
t- after the Rv is announced

832
c- Ready2Bless, the original Ready2Bless, and today is my birthday, looking for fantastic things to happen, if Kuwait, 4.01 and the dinar is to be higher than Kuwait, in the ME, how could it come out 3-4 if it goes International, or is sometime in the future
t- they know what you don’t know, its not where it starts out, they know the real value and where it will end there
c- but still it will be higher than Kuwait value, when it goes live
t- didn’t say when it goes live, not when it starts at, but where it ends at
c- scenario if you can, lots of us that don’t have Internet, and when you rec’d the info that it went live, how long to a text alert that it happened
t- soon as I find out, I’ll send it out
t- we only have 5000 ppl signed out for the text
t- even though we have 8K signed up on the site
c- pre-test alert, to make sure everyone receives it, we wouldn’t know, unless we call, the pin code, we just call it every day to see if there is a call going on
t- the RV text
c- the rv text, and the Mods going to fly to Atlanta
t- if they announce the RV in the next hour, and I’ll send you a text, rate at the banks, or be on the call in 30 min. unless everyone is at the bank, and then go to the bank sites, put in currency exchange, and see it, everyone will want to run to the bank, not do a call w/ Tony, and if its in the middle of the night, we’ll talk about it, but if its in the middle of the day I won’t have anyone to talk to
c- will there be a give away, car, motorcycle or truck
t- yes, you will be giving me one, lol
t- maybe a surprise
t- I do intend to give away some cars to some ppl
t- but only Bentley’s
c- keep up the good work, AlreadyBlessed from Houston

787
c- Miami — keep the noise at the other place….10 day wait, that’s what they announced
t- they told them today to the next 10 days – at any time
c- good news
c- be glad when the ride is over
t- me too

281
c- Ron from Houston – great day in the Kingdom
c- have a financial planner
t- hear the lady in the background more than you
c- have a financial planner
c- difficult time understanding with whats taking place and he’s not catching the timing…and going to happen a year or so away, looking constantly at the CBI, #’s guy, anything I can say to flip the switch w/ him, give him solid info, why we can’t just look at the CBI
t- the NY post put out a story on how this happened in Kuwait, and this is the 2nd time that it will happen, no rhyme or reason, and doesn’t make sense now, its just happening… nothing to find about a global reset, but after it will be on financial channels etc… if he doesn’t believe you now —he will believe you afterwards

919
c- in their 3 day holiday, makes sense to do it on Sunday, and are there several baskets?
t- hearing there is another basket, don’t know if there are 3 or not
c- not getting in trouble like last time
t- that’s right
c- no way
c- maybe hop on that one
t- maybe one, but not 2

714
c- Tony Tony Tony, Tony the Tiger, my favorite
c- remember Angel Eyes
c- don’t wear a white shirt in Vegas, it will have lipstick on it
t- oh
c- bank story
c- yesterday, w/ some friends, so cool
c- wanted to open an acct. at WF, and met them at WF, I opened a Chase one too, and so I went there met a Premium Private Banker and trains at 24 hour fitness, and thru him, he opened up our accts. and talked to the PPB and then he told us, he gave us the # to the Foreign Exchange person and we wanted to talk to him about the IQD and so, walk out of the bank real quick, and called him and my friend called first, he talked to him and said there is something going on about the IQD, so I called him and said hey you talked to my friend, is there something going on – changes w/ the exotic currency’s, and he said I GOT AN INTER OFFICE MEMO, AND ITS SAYING THERE ARE SOME CHANGES W/ THE IRAQI DINAR… we were so excited, I had it on speaker ph. he said MY BUDDY NOT IN, BUT SEE IF I CAN GET MORE INFO and he took my cell #, and I said call as soon as I can, and he said, I’LL CALL TOMORROW, IF NOT MONDAY… and we were all cheering in the parking lot… then I found out about your call, and I said, oh my gosh, Tony said the UN ANNOUNCED IT
t- actually every branch received it as of Wed. Evening
c- it was so funny – we spoke to another private banker there
c- they said to stay away from it,
c- then talked to a foreign exchange person…
t- not everyone knows

5×3
c- so as the street rate goes up…. tiers… over the street rate, and the tier rates will be apt to climb as well
t- if it came out at 3 and they offered you 6, when it gets to 6, they’ll have to offer you 9
c- what if it wasn’t a complete accident to announce it at the UN, the ripple effect, isn’t it to the advantage to china and the US
lets say another million ppl own dinar, isn’t it positive for all involved
t- well it would be positive to the UST for oil credits and for China if they cash out at WF
t- here is the thing… everyone is set, they can’t use us, we’re not that big, even if a million of us bought it, the average person doesn’t even have a million, so how much difference will that make and they expect 90% to be broke in 2 years
so they’ll have less than 3,4, 5 million & a person w/ $5m, will go $10 m in debt, they’ll want to have everything and make payments, and 2, 3, years down the road lose it, there is a ripple effect to everything
Does it make a diff. for a few days, there is a bigger picture, but once it goes live, every Hedge fund, country, billionaire, that hasn’t will jump in, and make solid investments, its not about us
c- also about the Iraqi ppl, had their celebration, but not the cake that they deserve
t- legit question, but things that ppl are pumping, how come I’m not a billionaire yet, been doing it for 3 years, should have a billion dinar, and I don’t
some getting paid to do that… don’t know what the arrangements are, but the info that our Gov. is putting out has nothing to do w/ us buying more dinar
c- earlier call you made, and the talk on the boards, we’re at a place, its not needed, we know that you have great intel, A COURSE IN MIRACLES, in my … my safety lies….you’re above it…
t- not responding to them, but to you guys, don’t let it bother you, it doesn’t bother me
t- if you don’t know by now, you will at the end of this

203
c- was on a new site today, and one of the mods, had a neighbor who came back from Iraq, and asked about the $ on the street and said they are using mostly dollars….the Gov. things are built in the North for safety reasons…some investors are backing out….so this morning I was upset, thought that wasn’t happening, but reality is maybe they are hoarding it, because they know whats coming
t- they do know and before that they didn’t have confidence in the dinar
t- if you are home w/ $100 dollar bills and 10K dinar, and you are getting ready to go shopping and on your TV it says YOUR DINAR is going to be the greatest in the region, and you say Kuwait is in our region, and its 4 to the dollar and mine is going to be greater than that, do I give way my 10K dinar, or do I spend the USD, knowing that when it occurs its going to lose its value.
c- when I heard this morn. I was upset, but now it makes sense
c- hate to see things happen to friends… ( other site stuff )
c- very abbreviated call because of the comments
c- so glad that I can home to TNT
t- I have faith in my resources, and I think we’re showing you that we are getting it ahead of the curve and other sites, confirming it, and they came out w/ things and ppl ask me, but I say – let me find out- and if I can say yep, then ok….
I don’t say its not true, but just that no one I know knew about it

254
c- ty for all you’ve done and your brother Ray, and the mods…
c- Ray reminds me of Moses leading the children…
t- he looks like Moses too, just has a dark tan, lol
c- you can be his brother… if it weren’t for you, don’t know if I’d be here, and thank the lady that got me in the dinar, will you still have a board after the rv
t- will try to bring you the info after, the first month, prolly be doing it moving, will text you when I do a call, or get info… more than a scheduled thing, as I get it, I’ll give it to you, the 2nd basket, we won’t have to do this daily thing, we won’t care, so that will make it better for us.. leading up to Vegas and coordinate that w/ you guys
c- donated – hope that helps – how you would stay in touch…
t- ty
t- we’re not shutting it down tomorrow
919
c-TNT is dynamite – you blowing up—-( reading a poem )
t- ty

248
c- questions gave you … and knowledge gives you power, lifelong educator
c- the meeting.. 15-20 min. is that when they verify the dinar, or open the accts. I want to open more than one acct.
t- as told to me, they’ll count your dinar, and a 3rd person in the room, into a plastic bag and then an envelope onto the truck and it will show immediately in your acct. as your deposit
and that’s in the 15 / 20 min.
to get ppl in and out.
they know they’ll be working, but they know who we are
c- the mom and pops’ – assuming – they’ll send ppl from the big banks
t- I’ll ask, but would think so, they’ll have to send knowledgeable
c- can’t see the mom and pops…
t- not De La Rue’s , but thought you meant the investments
t- I’ll ask today
c- I expected to travel at least 5 hours, live in the wilderness, the 2nd appt, the next day?
c- get a hotel etc..
t- plan on packing a bag…lol
c- already packed

208
c- relatively new to the call
c- would assume, you agree, the most important thing is to diversify,
t- absolutely
c- also seems the weak link is us taking all the funds initially and into a bank acct., do you see problems w/ that, issues, tying up everything you have, even if its only for a few days.. i struggle w/doing that
t- my personal opinion, not advising anyone
t- if i was going to do something
t- i would take it to bank a, where I could get the most bang for the buck, if they put restrictions on me, I’d go thru it and say nope don’t agree, but if we made a deal, and take the rest and go to Bank B, because I don’t want all the eggs in one basket, or one money manager to make decisions —- I want bank A, B and C, to be in competition – because they know that I have 2 other huge deposits that I could bring to them at any time
c- but initially you would put them all into the Bank A
t- initially I would for the biggest bang for my buck, have to do 20 % leave it…..
t- but it could be for one day……
c- you think that we can get all of that done in 15-20 min. initially
t- that’s what they set the appts. for
t- lets get it done…
c- are you concerned possible w/ bait and switch, when you hand your funds over
t- no
t- no I don’t see that
t- that doesn’t mean its not going to happen
t- the bank is prepared for that, some upset employees … they have procedures in place, but they think some are going to go ballistic, and ppl that will go ballistic when they come in the bank, and have procedures for that too, ppl are going to be ppl
I’d be remiss if I tell you something won’t .. there is the 1% possibility
c- will we have enough info ahead of time,that tells us the terms and conditions for the initial deposit
t- they’ll ask for your name, id, and the amt. of dinar, and your zip code and then direct you to the bank you’ll go to, everything else will be done at the bank, they’re not giving you the banker name or what the amount you’ll get….

757
c-VA, 95 degrees…
t- don’t understand, everyone is complaining about the heat on the East Coast….
c- ( lost my connection during this question )( internet went down ) ( sorry )
t- ask that — looking at them like any other biz.
c- we have a lot of ppl that, and asking for all of us…
t- ppl will put a lot of stuff out there, can’t jump on that band wagon
c- Proverbs 3: 9 and 10
Let me say this before we go on
Its up to each and everyone of you, what you do and who you do it with….
But, I’m wishing everyone the best in every situation
I endorse Sterling and feel comfortable there
They’re always right there, always answers the phone, and anyone can be going thru growing pains…
Not telling everyone to go there, giving you what I get from every bank and every level, so the more info, you can make a good decision for you
get you thinking so when you walk into that room, what you should look for or look out for,
no one is paying me a commission, don’t have a group…
Just doing what I’m supposed to do
next
c- ty and your team
c- Indonesian Rupiah
t- pleasantly surprised
c- going to Sacramento….see my brother….meet you
t- when
c- beginning of August
t- does he smoke cigars…
t- what school
c- U of Sacramento
c- will you have DT on, like Sterling
t- havent’ talked to Ali in a long time…I’ll call him…
c- hearing anything about Warka
t- didn’t hear anything about them… nothing bad…Iraq talks about them…

514
c-reserves at IBUYDINAR and a little concerned about it, to get an appt. you have to have spent alot of US cash, won’t makeappts with everybody, they want to FedEx to us
t- not familiar w/ them, never did biz. with them, but from what you are telling me.. I’d be making other plans… if they tell you they’re not doing it, then they’re not..
c- not comfortable with them sending it thru FedEx,
t- not after it revalues, can’t insure it for what its worth
t- I’ve had packages delivered by FedEx and they say to me “do you think this is going to happen”
they know whats in the package
I’m picking my money up.
The only one that will come to you – is dinar banker, no one is going to send me a package just to disappear
t- call Fed Ex and ask what they will insure….
t- then call them back and tell them what Fed Ex said
( discussing Canada … and not supposed to send cash through Fed Ex..)
( can’t send cash across the border…)
t- got a text from someone that said they spoke to IBUYDINAR and they will make other arrangements
c- good I will call them back
c- you are steady and the vibe is that everything that comes thru you is truthful
c- not sure I’ll go to Vegas, and wish you the very best
anonymous
c- any reason why the rates haven’t updated on the UN site
t- they’ve been planning for it… expected it this day, that day
t0- can tell you that our rate changed in the bank meeting and they were looking for it after 8pm last night, and based on the bank meeting yesterday morning..
t- again, that was passed on to me, and reiterated, they do listen to the calls and hear what you guys are saying and have made changes to procedures and policies
t- right hand/left hand, and said oh, that can’t go, so we’ve been instrumental and part of the process
c- in all reality, how long can they hold it
t- well the fact that its happened and released it to the lower levels, spilt milk, they don’t want you and me to know, but theyppl that I talk to – signed some serious documents last night, and said, now I’m scared, but w/ them giving them that, and telling them in the mosque, they’re expecting it now and the UN, even though you don’t know why, but here is a reason that they did it, they said up to 10 days, seems kinda long, since its public, the banks have the rates, et.. the locations, but that’s a long time..
c- where do you think we’ll see it first
t- banking system, not cbi, although it might change, but the banks first
c- you are 100% sure that all that stuff went down, and the UN meeting
t- believe me, from some of the highest places and what was said, and got it from 3 of them and then brought it to you, but now other sites said it, and they checked w/ their own sources
c- never been a big believer that Iraq had a lot to do with this, don’t put faith in others that discredit you
t- they have their sources and we have ours… and we go back months ago, and then it took a few weeks and then oh, it did happen.. it comes around, might take a little longer…..
anonymous
again

847
c- RealityCheckTV, the last 5 years, we’ve followed alot of the calls and gurus and the info coming down the pike on the dinar, and from our sources, and in Iraq, there is no RV and none expected w/in 10 days…
c- there has been lots of great conference calls, 4 groups of ppl that we follow
Dinar Alert
IQD Team
The GateKeepers
and the Call Squad
t- did you have a ? or to advertise their sites?
c- no to let them know and the community, there is no RV and I want to share it w/the community
t- well thank you

510
c- seems like there is opposite info w/ the exchange at WF, one says tier system and another says the same rate, no matter how much dinar you have, is it based on one group, and they did it differently..
t- could very well be, don’t know what every group agreed to, but what from WF itself and BofA itself and Chase ppl I talk to, I can tell you the 888 #, and if you are part of that, its one group…..
c- yeah, thats what I thought the reason was, appreciate the explanation

808
c- DiamondHead - ty
c- live in Hawaii, oceans away and alot of sharks…
t- heard so many times we’ve waited on Hawaii to close, and not come back to the mainland
c- no WF
t- i’ll try to remember that this afternoon
GOT A TEXT UPDATE
I’LL TAKE 2 MORE CALLS AND CALL THEM
2 MORE CALLERS ok
next
303
c- when we all go to get the best rate and call the 888 #, no rate over the ph
t- right
c- so once we get there, and don’t like the rate, we can’t go back?
t- that’s what was told to me
c- but Chase, 5/3 etc. might get the rate and be better armed
t- they may, but it might be the street rate, and then you go in and negotiate
c- but maybe negotiate a higher rate
t- over the phone is the current rate, but no negotiating over the ph., you’ll have to sit w/them
c- so we can shop the other banks first & call them and say hey this is what he’s offering, can you do better
t- doubt the guy sitting across from you will like that

843
c- when we get an updated call – how much lead time, this afternoon
t- don’t know that I’m doing one, I have to schedule it an hour in advance… the radio show, I guess, an hour notice
t- if its not that important, I’ll use the call in lines

ok guys
WE’RE A LITTLE OVER 2 HOURS
I KNOW YOU WANT TO GET THE INFO
I DO
LOOK FOR A BLAST
OR NEXT CALL
WITH THAT
THINGS ARE STILL PLANNED
THE GUY THIS MORNING, GOT WITHIN 15 MIN.
I KNOW I’M LOOKING FOR SOONER THAN LATER
CAN’T SEE HOW IT CAN GO THAT FAR
OR TUESDAY FOR THE CELEBRATION
LETS BE HAPPY WE ARE HERE
BANKS BROUGHT PPL INTO THE BANKS LAST NIGHT
GOING LIVE
THIS MORNING AGAIN
IT WAS BROADCAST IN THE UN
DEFINITELY
ITS OUT THERE
AND HOPE ITS THE LAST LITTLE PUSH WE NEEDED
STAY ALERT
AND SEE WHAT HAPPENS
*****************************************
CONF. RECORDING HAST STOPPED

no music
***************

July 19, 2013

Official TNT Tonys CC Notes From TNT Forum Friday PM

THIS IS TNT DINAR’S Call Notes for Friday, July 19, 2013 at 1pm EST and I apologize for anything missing.

Always keep in mind, that this is what I heard and transcribed. It’s Tony’s info and opinion – based on what he’s received via sources in the Dinar community and the World.

Feel free to always verify what you hear, and do your own due diligence.

Thank you for being a part of TNT DINAR.

Have a great day!:) Montana

********************************************************

FRIDAY JULY 19, 2013
TONY: GOOD MORNING TNT
HOW YOU GUYS DOING?

SO LETS GET STARTED WITH TODAY
EVERYBODY HAPPY
WE HAD A GREAT GREAT DAY YESTERDAY
EVEN IF YOU DON’T REALIZE IT
HAD A LONG NIGHT…WILL EXPLAIN IT
….
Read More Link on Right

I SEE THIS GOING ON THIS MORNING
AND DON’T LET IT RUIN YOUR DAY
SO THIS IS WHAT HAPPENED

LETS JUMP INTO Q & A’
I DID GET MESSAGES RIGHT NOW
BUT NOT TILL THIS EVENING, THE FINAL PIECE, IF ITS THE FINAL PIECE, BUT THEY’RE ON THE STARTING LINE

no music
***************

July 19, 2013

Official TNT Tonys CC Notes From TNT Forum Friday PM

THIS IS TNT DINAR’S Call Notes for Friday, July 19, 2013 at 1pm EST and I apologize for anything missing.

Always keep in mind, that this is what I heard and transcribed. It’s Tony’s info and opinion – based on what he’s received via sources in the Dinar community and the World.

Feel free to always verify what you hear, and do your own due diligence.

Thank you for being a part of TNT DINAR.

Have a great day!:) Montana

********************************************************

FRIDAY JULY 19, 2013
TONY: GOOD MORNING TNT
HOW YOU GUYS DOING?

SO LETS GET STARTED WITH TODAY
EVERYBODY HAPPY
WE HAD A GREAT GREAT DAY YESTERDAY
EVEN IF YOU DON’T REALIZE IT
HAD A LONG NIGHT…WILL EXPLAIN IT
….
Read More Link on Right

I SEE THIS GOING ON THIS MORNING
AND DON’T LET IT RUIN YOUR DAY
SO THIS IS WHAT HAPPENED

LETS JUMP INTO Q & A’
I DID GET MESSAGES RIGHT NOW
BUT NOT TILL THIS EVENING, THE FINAL PIECE, IF ITS THE FINAL PIECE, BUT THEY’RE ON THE STARTING LINE

no music
***************

July 16, 2013

Kap / Tlar & Dinar Alert Member Discussion

AdminBob Site Owner: Financial: wait for the claim of Central Bank of Iraq to discuss with us the subject delete zeros 15/07/13

She is a member of the parliamentary Finance Committee, najeeba Najib, said that the Committee was discussing with the Iraqi Central Bank subject to delete zeros from the local currency, after taking his Abdul Basit Turki, the parliamentary Finance Committee pending the CBI claim to discuss with him.

Najib said that “previous administrative body of the Central Bank presented a study on the preparation of the project to delete zeros, noting that the study was scientific and professional companies that have been included with the agreement for the implementation of the project”.
…
Read More Link On Right

And Financial Committee Member representative stressed that “Iraq needs some salt to delete zeros from its currency, because the size of the money supply in circulation of great magnitude. LINK

Art:        good post bob thanks

Tlar;       She as others continue to reference the scientific study to delete the zeros. The only study that was done on this subject was done in 2008 to my knowledge.

In that study it explored the subject thoroughly with the goal of trying to find out at what rate the CBI could support the currency and what’s its value should be.

The conclusions were that the rate should be $1.13 and that the CBI should defend that rate for two years before allowing the rate to float. In other words a controlled value much like we see today.

This lady is on the finance committee and is therefore most likely to be “:in the know” after having just sat with Turki. This sentence I’ve copied below, is very telling to me.

It indicates that to me Turki, is meeting with individual members of both the finance and the economic committees, selling the “scientific study” that was done in 2008 under Shabibi’s watch.

“Najib said that “previous administrative body of the Central Bank presented a study on the preparation of the project to delete zeros,” .

Dr. Nan:               Well, at least we know, rather it appears we know, that things are going on over there. They are not sitting around doing nothing.      “Life is a series of new beginnings!”

Punisher: Tlar, ….and that makes me happy if they are contemplating that

Supporting $1.13 out of tha gate until it eventually reaches $3 over a few years sounds great to me!

Kaperoni:            I love when we get a translated word that means something..in this case…

“Iraq needs some salt to delete zeros from its currency,…”

In other words, some “perseverance,” “hardiness,” “resilience,” “ambition,”   lol

Tlar:       Punisher, the rate today may be different than the rate suggest in 2008. Since 2008 a lot more currency had hit the streets even though we know they have been buying and retiring as much as possible through the auctions.

Also the reserves and the new monies coming to the reserves (80 billion + 82 billion + 3 billion) are significantly higher than they were in 2008. I think based on the slip up from the finance guy in his interview while talking about the 2014 budget and the parts that go into making it up, tells us more about the new rate than the 2008 study.

He slipped up and told us that each dollar will equal 1.16 dinars which is 86 cents. That is exactly what we would expect if they drop the leading zeros of the exchange rate. .00086 to .86.

I think Turki is using the study as a proof source when selling the deletion of the zeros, but he most likely updates the rate to conform to the conditions today.

Punisher:            Either way Tlar…I will be a happy camper

Anything over .86 at starting point is solid in my book…I am not a greedy person.

July 12, 2013

Kap / Tlar & Dinar Alert Member Discussion

Tgirl: 12-07-2013

Baghdad (newsletter). Economic expert Ghazi al-kinani, the deletion of zeros is vital but the timing was not appropriate.

He said Al-kinani (News Agency): the project delete zeros now not appropriate for security reasons and in addition to political vulnerability to currency counterfeiting.

He added: the process of deleting zeros will have a bad psychological effect on people with tremendous difficulty coping with the new currency will have a million dinars dinar only in the process of debt repayment.
…
Read More Link On Right

And: that despite him only he failed to do so far, adding that the deletion of zeros need to bramgat and wizards and economic and educational seminars.

He continued that the parliamentarians have no adequate study of this complex project must include studies about its advantages and disadvantages and political dimensions.

The parliamentary Economic Committee outweighed the implementation date of the project to delete the three zeros from the currency when early next year./finished/5 p. x/ LINK            I report…you decide.

Tgirl:   13:21 07/12/2013 Economist: the project to delete the zeros is appropriate at this time

Follow-up – and babysit -

Said economic expert Ghazi al-Kanani, said the project to delete the zeros is a vital issue, but the timing is not appropriate.

Kanani said: that the project to delete the zeros work now is not suitable for security and political reasons, in addition to the vulnerability to currency counterfeiting.

He added: that the process of deletion of zeros will have a bad psychological effect on the citizens where Salaqon difficulty coping with the new currency which will be one million dinars thousand dinars, especially in the process of debt repayment.

Between: he Although Qudamah project, but he did not do until now, noting that the law of the deletion of zeros need to Bramjat and processors and economic and educational seminars.

He continued: parliamentarians do not have enough study on this complex project, which should include accurate studies on the pros and cons and political dimensions.

The parliamentary economic committee suggested that the date of implementation of the project to delete the three zeroes from the currency at the beginning of next year M. J      LINK       I report…you decide.

ZenMav: I guess 30+ years of Saddam & 22 years of Ch VII squalor weren’t enough to toughen the peoiple of Iraq. Apparently, present day Iraqi’s are so mentally fragile that adding value to the currency is just a pressure they couldn’t handle. Civil War would be just fine with these guys, but modernity would be too much. Another Maliki stooge.

Carrello: Whoops! I posted this too in a separate thread.

Question: Is he stating a LOP, or that the zeros will be dropped from the currency?

Tlar: He is not stating lop. His concern is the confusion that will undoubtedly be caused by the shock of removing the zeros on debts and salaries etc. There is a nugget of something good in this article. It is the last sentence.

”noted that the Economic Commission representative suggested that the date of implementation of the project to delete the three zeroes from the currency at the beginning of the year next. / End / 5. b. PVC /”

  I hope this guy knows what he is talking about and is privy to the plan because if he is, the CBI intends to do this sooner than the 1st of the year.

This best guestimate I’m about to make assumes that the CBI does not listen to this guy. So to me that leaves the end of Ramadan, right after Eid (pretty sure that’s the name of the feast), the great feast when traditionally Muslim governments “gift” their citizens, or the very end of September or October 1st because this is the beginning of the next accounting period.

These potential start dates are just my best guesses logically, so please don’t nail me later and say I was wrong. We all know logic is not something we find a lot of in Iraq.

Wn: Deja vu

Sadie:    They had Shabibi there for years explaining it to them….If they have new Parlimentary elections, I hope they get some new savy guys in there, so we don’t have to start all over…

Kaperoni:            TY Carrello

Economist: the project to delete the zeros is appropriate at this time

12-07-2013

Baghdad (news) .. Said economic expert Ghazi Kanani, said that the project to delete the zeros is the subject of a vital, but the timing is not appropriate. said Kanani (of the Agency news): The work project to delete the zeros now is not suitable for security reasons and political addition to the vulnerability of the currency to fraud.

said: that the process of deletion of zeros will have a psychological impact Bad citizens where Salaqon difficulty coping with the new currency which will have a million dinars thousand dinars, especially in the process of debt repayment.

between: that in spite of Qudamah project, but he did not do until now, he said, adding that the law of the deletion of zeros Need Bramjat processors and seminars economic and educational. ,

and continued: parliamentarians to study enough for this complex project, which must include accurate studies of pros and cons and keep him politically. noted that the Economic Commission representative suggested that the date of implementation of the project to delete the three zeroes from the currency at the beginning of the year next. / End / 5. b. PVC /

http://www.ikhnews.com/index.php?page=article&id=91772

Corvetteman: I think they been drinking to much fred flintstone juice

Boomer911:       I have a quick question….if they do a float and the zeroes come off gradually, what is to stop the whales from buying up all the currency knowing Iraq has stated they intend to restore it to its former glory. Wouldn’t an immediate RV to a 1:1 solve that problem?

I mean if the dinar is still worth less than a $1, what is the incentive to want the dinar? I know Kap has stated that Maliki isn’t on board with that but do you think he could change his mind?

Thanks in advance….Also, wouldn’t a direct question from a reporter like “Do you mean the deletion of zeroes from the bills or the nominal rate” be an outstanding question at this junction?

–Proverbs 3:5-6 Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take.

PGLD:    An “Expert” in their country is the equivalent of a fifth-grader at a really poor inner city public school. They get confused remembering what planet they live on, so this is not surprising, if it is indeed, NOT intentional propaganda.   World’s fastest golf swing

2COLLECTG:       PGLD, if he`s an expert then he should know international monetary law states a sovereign country must stand on they`re own sovereign currency!

I bought this stuff for a penny i just want to sell mine back for a dime!

Tripphood:         It would seem that they should not have been released from Ch7 without an agreement for currency reform if in fact in order to be soverign then you need a tradeable currency. Maliki got what he wanted and now he seems to wants to keep things the same.

Tlar:       Boomer you ask an intriguing question. There are a lot of pitfalls to gradually raising the value of the dinar not to mention if their intention to just go live with the present rate, what’s been the hold up?

The advantages of an RV IMO far outweigh the float theory. First off as a few of their own economists are starting to realize, you put a stop to counterfeiting. The new dinar is supposed to be as close to non counterfeit able as a currency can be.

The finance committee just came out with an article today the seems to show that they, as a group are now behind removing the zeros. They want the CBI to guaranty that the banks will not be exchanging new dinars for counterfeit currency. They are concerned that “mafias” are going to rig the swap.

It’s an odd concern unless the CBI intends to raise the zeros on the first go around meaning RV and not a gradual growth of value otherwise that concern exists today as counterfeit currency is already in the market and some has even slipped into independent banks either by accident or by involvement of that institution.

Gradually increasing value should not play into this as a major concern to warrant the finance committee asking for assurances unless they expect a tremendous amount of the current dinars being dumped all at once.

Also the article about setting up committees consisting of the government and parliament to supervise and monitor the destruction of the old currency as it comes in, seems premature to me if this is to be a gradual increase in value.

Again the old currency is already coming in as Iraq has been dollarizing now since the last quarter of last year. So why set up new committees if you are just going to float the currency?

I believe both of these articles are triggered the immediacy by the release of the new smalls. The quick release of the new smalls means RV to me, not a gradual float until it gets enough value to finally force a release of the smalls. I can assure you that a one dinar note will not see the light of day until there is enough value to warrant it. Rv or float, you decide.

WEDREAM:        i agree 2C but PGLDhas a point iraqi education has been sorely lacking in the past 30 years     its all about the dinar

Boomer911:       Great point Tlar and thank you for responding! I had a similar response to the earlier posts and articles you are referencing in your reply.

“Also the article about setting up committees consisting of the government and parliament to supervise and monitor the destruction of the old currency as it comes in, seems premature to me if this is to be a gradual increase in value.”

This is another great point to me because if it’s going to be a gradual release they could gradually destroy it as it comes in unless there will be a huge exchange very quickly which I believe would be the result of an RV to 1:1….Thank you though for your comments.

Proverbs 3:5-6 Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in ll you do, and he will show you which path to take.

Kaperoni:            Boomer, most currencies in the world float. Do you see people “buying it up?” No. Keep in mind, the dinar in circulation is not unlimited. It is controlled by the CBI. They know exactly how much is outside Iraq. Once the dinar starts to float, the CBI will use a host of tools to control the pace of the rise by controlling liquidity in circulation. That crap about “buying it up” is common BS guru talk to convince people it must RV. A gradual rise via float in which the world market sets the rate is exactly what the CBI/IMF want to do.

The original plan to set a “staging rate” at or about 1 to $1 (.86) was scrapped last April. Maliki has no interest in giving that much value to the dinar overnight. He wants a gradual rise in value over time based on the countries performance. We can prove that. The good news is it will go up, the bad news is we have to watch it rise rather than wake up to a higher rate.

Boomer911: Great explanation Kap! Your point about them knowing how much dinar is in circulation is right on and something I didn’t think of. Thank you

Proverbs 3:5-6 Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take.

Kaperoni:            Economist: delete the zeros is not appropriate at this time

12/7/2013 — 15:21:1 _ pm

Us news/agencies: economic expert Ghazi al-kinani, the deletion of zeros is vital but the timing was not appropriate.

Al-kinani said the project delete zeros now not appropriate for security reasons and in addition to political vulnerability to currency counterfeiting.

He added: the process of deleting zeros will have a bad psychological effect on people with tremendous difficulty coping with the new currency will have a million dinars dinar only in the process of debt repayment.

And: that despite him only he failed to do so far, adding that the deletion of zeros need to bramgat and wizards and economic and educational seminars.

He continued that the parliamentarians have no adequate study of this complex project must include studies about its advantages and disadvantages and political dimensions.

The parliamentary Economic Committee outweighed the implementation date of the project to delete the three zeros from the currency when early next year. LINK

Geezer: Hey Kap, With regard to your comment – “most currencies in the world float. Do you see people “buying it up?” No”.

Wouldn’t logic dictate that all other currencies in the world don’t get “swallowed up by whales” or bought up because other countries don’t have the underlying wealth and POTENTIAL to return to a once highly esteeemed position of 1+ or even 3+ in the “glory days”??

I agree with 99.9% of what you say but this thought process seems a little flawed. But not really that important….thanks!!

Shaund2073: THIS IS what I have been saying for awhile, I know kap has talked with what he calles the facilator and seems to have inside sources, but I dont see it floating from 1166,

They have been stating 1 to 1 for over a year. and I do not think maliki is an issue.. 1 to 1 will be any easy transistion for a counrty now well educated and able to be taken advantage of.. they could simply exchange back one dollar for one dinar..

I feel it will be like this for a little bit to ease the transition, then they can or will float from there back to its glory days of over 3 … all the points tlar makes seem logical and valid points…

again this is smething that has never happen before so we are all left to wonder and make our conclusions….. lets see

I still feel we should have a dinar alert members party when this is over an JOEG pay for it lol since he keeps staking those notes:D - the fiat currency will fall as asset back currency will take its place

July 3, 2013

Tlar & Dinar Alert Member Discussion

Turki: Central Sufficient Reserves To Cover Next Year’s Budget Ceiling

Tgirl: Haider Ali Jawad – 07/03/2013

The Central Bank Governor Abdul Basit Turki, on Wednesday, that the bank has sufficient reserves to cover the state budget in the event of increased roof next year, pointing out that the Bank’s gold reserves has not been affected by changes in the global market.

Turki added that “Raising the numbers of the coin is the project delayed due to the conditions experienced by the country,” noting that “the Bank’s gold reserves has not been affected by changes in the global market, and it will be a great supporter of the Iraqi currency.” FULL ARTICLE & LINK BELOW

Tlar: Turki added that “Raising the numbers of the coin is the project delayed due to the conditions experienced by the country,” noting that “the Bank’s gold reserves has not been affected by changes in the global market, and it will be a great supporter of the Iraqi currency.”

I find this interesting in that gold has dropped significantly from a high of the 1900′s to today a low of 1200′s while Turki claims the gold reserves have been unaffected by the global market.
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Tlar Continues: Another thing that stands out in this sentence to me is once again Turki uses the word “delayed” as he describes the removal of the zeros.

The use of this term and the last paragraph in this article imply to me that Turki is running the show, not the government and it is Turki who will make the decision to go or not to go.

Also “delayed” means what, a week, a month, until next year? If Turki is doing this on his own, no longer seeking government approval because it always becomes an adversarial fight and he knows it , then delayed means whatever Turki wants it to mean.

   ”The governor of the central bank and agency Abdul Basit Turki confirmed, in (June 13, 2013) that the Reserve Bank will exceed $ 80 billion at the end of next July, indicating that there is a review of the development of mechanisms to use the bank to the reserve, regardless of the existence of the current government or not for specific purposes.”

All this paragraph says is there is a” review and/or the development of mechanisms to use the bank reserves” It does not say what for nor does it imply usage in the normal term as in a loan to the government or financing of infrastructure. It does suggest that this is a procedural bank review because it ends, ” regardless of the existence of the current government or not for specific purposes

Sweetpea:         Sounds to me like Turki is saying he will make his own decision whether or not to move forward, Maliki and his bunch be damned.

Turki just may have more grit than any of us realize. I certainly hope so…

It’s like watching a kid standing at the edge of the pool, too afraid to jump in, but he knows that once he does he can swim like a fish. Jump in Turki. Start the float. You can swim!!!

Carolena:            Tgirl or Tlar:   To what is the following paragraph referring? Is it addressing that lifting the zeros couldn’t be done at that time due to counterfeiting? Or is it about lifting zeros in relation to counterfeiting issue (“mafias currency”) and new dinar denoms to be released?   Appreciate your input and all you do, Tgirl and Tlar.

“He said an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of “mafias currency” is preparing to rig the trillions of dinars Iraq to replace them in the light of the upcoming changes.

Tlar:       Carolena, That is just an historical review of the excuse the Maliki forces used in 2011 to stop Shabibi from removing the zeros back then. I don’t believe it is pertinent to what’s happening today unless the Maliki forces try to resurrect this lame excuse again. It meant nothing back then. It means nothing today. There will always be those “mafias” that will try to take advantage of the switch.

C36:       I too find this interesting:

“The Central Bank Governor Abdul Basit Turki, on Wednesday, that the bank has sufficient reserves to cover the state budget in the event of increased roof next year, pointing out that the Bank’s gold reserves has not been affected by changes in the global market.”

This is telling me that they have more in their reserves than they are stating. It also tells me that their gold is more than adequate in quantity that any market price will not have an effect on their reserves.

I believe that Iraq is wealthier than what we are led to believe. I also believe they are playing the game of “why should we”? That they, as I mention many times, do not care about what is going on around them. So, why should they say how much they really have when everyone around them wants a piece of the pie?

FULL ARTICLE & LINK

Turki: Central Sufficient Reserves To Cover Next Year’s Budget Ceiling

Tgirl: Haider Ali Jawad – 07/03/2013

The Central Bank Governor Abdul Basit Turki, on Wednesday, that the bank has sufficient reserves to cover the state budget in the event of increased roof next year, pointing out that the Bank’s gold reserves has not been affected by changes in the global market.

Said Turki, on the sidelines of his visit to the city of Karbala to open House Financial Supervision, said that “reserves the central bank sufficient to cover the expenses of the Iraqi state in the event of increased roof in the next year,” attributing the cause to “a reserve strong and revenues going to the treasury of the bank.”

Turki added that “Raising the numbers of the coin is the project delayed due to the conditions experienced by the country,” noting that “the Bank’s gold reserves has not been affected by changes in the global market, and it will be a great supporter of the Iraqi currency.”

The governor of the central bank and agency Abdul Basit Turki confirmed, in (June 13, 2013) that the Reserve Bank will exceed $ 80 billion at the end of next July, indicating that there is a review of the development of mechanisms to use the bank to the reserve, regardless of the existence of the current government or not for specific purposes.

And rejected the central bank, in (the fifth of May 2009), the efforts of government to borrow from the Reserve Bank funds to meet the shortfall in the budget, arguing that such a step contrary to the law and a violation of the independence of the bank, was charged in (12 September 2011), government agencies of obstructing monetary reform and vowed blaming those actors exposing the financial interests of the country to danger.

He said an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of “mafias currency” is preparing to rig the trillions of dinars Iraq to replace them in the light of the upcoming changes.

It is noteworthy that some economists believe that Iraq is not ready at the present time to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability.

It is noteworthy that the Iraqi Central Bank was established as a bank independent under its law issued on the sixth of March of 2004, and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions a day for the sale and purchase of foreign currencies with the exception of public holidays which stops Bank of the auction. LINK

June 29, 2013

ReVbo “Amazing How Things Change In An Instant”

ReVbo From Dinar Alert Shares His Perspective:

Carrello: Saturday 29/06/2013 12:00 AM Baghdad-Hussein thghb Al-Tamimi

After the disposal of the international provisions increase in the value of the Iraqi dinar

Hours after Iraq concludes from the provisions of Chapter VII, the exchange rate of the Iraqi dinar soared against the dollar.

FULL ARTICLE & LINK BELOW

ReVbo: We’re watching the Iraqi people being told what to think in real time, y’all. For the past year, they’ve done nothing but poormouth (as Bear Bryant used to say) the dinar and it’s done nothing but decrease in value.

Sounds like they’re doing the exact opposite now, and building demand. Iraqis seem to be fairly easily manipulate-able by news like this, so I wouldn’t be surprised to see everyone start hoarding dinars now, and the street rate blast right through the program rate.

Amazing how things change in an instant, huh?
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3 months ago, the news was all about how busted all the in-country dinar was and how there was all this counterfeit dinar coming in from Iran and Syria, and how everyone expected the street rate to further deteriorate.

A month ago, the news was all about CBI desperately trying to rescue the street rate and how they had to sell over a billion dollars a week at auction just to keep the spread within 8%.

Now, all of a sudden, dinars are cool again? Well, guess what? Nobody has any left, so whoever the lucky few are who stuffed some in their mattress are gonna make out like bandits now that the news is telling everyone they want dinars.

I don’t want to get ahead of myself, but I kinda expected an article like this to surface just before the big change happens. As the great Tommy Lee Jones said in Men In Black, “A person is smart.

People are dumb, stupid dangerous animals and you know it.” That torn piece of paper in your wallet that used to be worth $20 is worth $25,000 now, Abdul. Believe it! Now, go buy a car and start a business. Ordo ex Chao ReVbo

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Carrello: Saturday 29/06/2013 12:00 AM Baghdad-Hussein thghb Al-Tamimi

After the disposal of the international provisions increase in the value of the Iraqi dinar

Hours after Iraq concludes from the provisions of Chapter VII, the exchange rate of the Iraqi dinar soared against the dollar.

As a member of the Association of private banks Saif Al hilfi, “Iraqi dinar exchange rate against the dollar has seen a return to normal levels after Iraq output resolution of the provisions of Chapter VII.”

John said in an interview for (News Centre for the Iraqi media network): “the rate of the dinar against the dollar stabilized at 1210 dinars per dollar,” pointing out that the coming days would witness continuous rise of the Iraqi dinar value.

and John explained that override the provisions of Chapter VII a huge benefit, and that everyone has confidence in Iraqi dinar, Iraq has large financial reserves.

The next phase will witness a new investment trend is popular companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic scene readings indicate a significant demand for the dinar will contribute to raising the price paid to foreign currencies.

http://www.alsabaah.iq/ArticleShow.aspx?ID=49243

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After the disposal of the international provisions increase in the value of the Iraqi dinar

29-06-2013 | (Voice of Iraq) – BAGHDAD – Hussein of Tamimi

Hours after rid Iraq of the provisions of Chapter VII of money, saw the exchange rate of the Iraqi dinar rise against the dollar. According to a member of the Association of private banks Hilfi, the sword, “the Iraqi dinar exchange rate against the U.S. dollar saw a return to a normal pace after the decision to remove Iraq from the provisions of Chapter VII.”

Hilfi said in an interview (Center Brief for the Iraqi Media Network): “The rates of the dinar exchange rate against the dollar stabilized at 1210 dinars per dollar,” pointing out that the coming days will witness a rise continuously to the value of the Iraqi dinar.

And ills Hilfi so that the bypass provisions of Chapter VII gain large, and everyone became confident in Iraqi dinars, especially in light of the large financial reserves of Iraq.

He added that the coming stage will witness a new investment-oriented is turnout companies and investors and citizens to invest in the Iraqi dinar,

stressing that the economic landscape readings indicate the presence of a great demand for the dinar will contribute to raising the exchange rate against foreign currencies.

Morning

  Read more: http://www.sotaliraq.com/mobile-news.php?id=106239 # ixzz2XZn3vo2O
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Out of the 7 activates the Iraqi dinar   Saturday, June 29, 2013

Hours after Iraq concludes from the provisions of Chapter VII, the exchange rate of the Iraqi debt rise against the dollar.

As a member of the Association of private banks Saif Al hilfi, “Iraqi dinar exchange rate against the dollar has seen a return to normal levels after Iraq output resolution of the provisions of Chapter VII.”

John said in an interview that “the rate of the dinar against the dollar stabilized at 1210 dinars per dollar,” pointing out that the coming days would witness continuous rise of the value of the Iraqi dinar.

John explained that override the provisions of Chapter VII a huge benefit, and that everyone has confidence in Iraqi dinar, Iraq has large financial reserves.

The next phase will witness a new investment trend is popular companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic scene readings indicate a significant demand for the dinar will contribute to raising the price paid to foreign currencies. LINK

June 25, 2013

Tlar & Dinar Alert Member Discussion

This post below is an update of an earlier post – much more discussion has been added – To review the earlier post please click on this LINK

Article Being Referenced & Discussed: LINK

Directed to sell the dollar by 1183 in all the private banks
Author Muhannad David

Dr. Nan at June 23, 2013 at 11:12 AM —– Ok, so is this as good as it appears? The rate is down to 1183 so this means the street rate and the program rate are coming together? Kap? Tlar? Explain please.

Tlar: Dr. Nan, the CBI is doing what they can to bring the rates under control. We have seen this for 8-9 weeks now, maybe longer. The rates are still not together.

It is possible that depending on the criteria that the bank uses, they could claim the rates are together if they acknowledge the banks sales figure as the number, and if they can get every bank on board.
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Tlar Continues: My premise is that this is not the street rate. The street rate is more than 1189-1183. It is the next level that Iraqi’s are selling the dollars for.

I too am hopeful that they can get the rates together using this plan but as long as it does not stem the appetite for dollars from Syria and Iran, sooner or later they will see cracks in this plan as some banks will begin to cheat the system because their profits have eroded.

I see this as a temporary feel good plan that may show the rates closer together in the short run, but does not resolve the problem. These are just my thoughts.

It is not meant to show support for or against this plan, but to say there is many pitfalls that I see that can sabotage this and it is not a long term plan. Iraq needs a long term plan with true substance to stabilize these rates. One that addresses the cause, not just the symptoms.

Carrello: Thank you, Tlar. You thoughts are appreciated.

Punisher:    Tlar, if what you say is correct and it probably is I don’t see a long term plan that will work besides an rv/raise the value.

Paxx:     What is Iran buying dollars with? Dinar? It seems like it would have to be Dinar. Iraqi’s probably only use Dolars or Dinars right now. If that is the case then isn’t that good? As long as they are not counterfeit, it would be soaking up the Dinar money supply?

Tlar:   Paxx, there is another article out today that says that the CBI does not interact directly with bank customers but is encouraging the banks to look at their accounts and shut down the accounts created with counterfeit currency that has made its way into the banks.

It also says these banks should confiscate this bogus currency so it does not find it’s way back into the market. That tells me some counterfeit currency is making its way into the banking system and is being recirculated back out again as I have long suspected.

When a bank gets both good and bad dinars and that bank is unscrupulous, they sell the good dinar to the CBI to buy USD and they recirculate the bad dinar. In the article I just mentioned, the author states that counterfeit currency is not a problem and it does not effect the exchange rate.

IMO it is a bad problem because Iran continues to buy USD with bogus and good dinars. The premium that Iran pays to buy USD definitely effects the exchange rate.

Iran we know is counterfeiting the 5000, 10,000 and 25,000 notes. We also know the government does nothing to stop them nor does it even acknowledge Iran as a state sponsored counterfeiter.

The shear fact that Iran seems to have an endless supply of dinar in which to buy USD with, implies to me that counterfeiting coming from Iran is a chronic problem and is understated by this author.

Remember 80% of the USD that is being put into the banks to be sold, is ending up being smuggled out of Iraq headed to Iran according to one article.

    ZenMav at June 23, 2013 at 10:06 PM   Tlar, I suspect that in the absence of policing the smuggling and stopping it entirely that the only thing that will disrupt the demand for dollars is a demand for dinar.

I know that that is the nuclear option you speak of, blowing the box and going to par with the USD, but why wouldn’t a float succeed at accomplishing the same thing?

Wouldn’t a demand for dinar from say, uh, the rest of the world trump and eventually ruin Iran’s ability to get USD? Even if it takes 3, 6, 9 months? A year?

How does Iran beat that scenario? Or, does the CBI have to stop the auctions entirely to win it?

Punisher: I think the auctions have run their course Zen.

Tlar:   ZenMav, Normally I would say it would make no difference whether you float a currency or just change the exchange rate all at once. Under normal circumstances the end result sooner or later is the same.

Iran stands to put a nail in the float theory IMO. If the CBI just floats the currency from 1166, nothing would change. The same dinar that is being used in Iraq and is counterfeited by Iran would still be there even if the exchange rate starts to move.

The non counterfeitable smalls could not be introduced until the rate could support such a move. Everyone knows Iran is counterfeiting dinar with which they sell in Iraq for hard currency. What we don’t have a handle on is the amount of good dinars they still have.

I have suspected that they blend both the good and bad dinars and dump these in Iraq. If the dinar were to become international at or close to 1166, Iran could then use the good dinar they do have internationally to pay trade, with but they would still be counterfeiting the bad and dumping in Iraq and elsewhere.

As the value went up, as long as it was too low to introduce the smalls, Iran could still take advantage of these new levels bringing even more money to it.

Counterfeiting could also stand to stall increases in the dinar float as Iran just flood Iraq’s market even more willing to pay whatever the price to continue to get USD..

The only solution I see is the smalls being introduced. This will stop Iran dead in its tracks. They theoretically Iran will not be able to counterfeit these.

The only way the CBI can introduce the smalls is to raise the exchange rate high enough to warrant their release. Because of this unique situation caused by Iran, I think this will be the only way to stop all this.

The US had to change our currency a number of times to finally produce a series of bills that Iran could not counterfeit to get them off our backs. I’m afraid the CBI is in the same situation.

They will have to have new bills that are not counterfeitable by Iran. So they IMO are faced with a redesign and reprinting of the current denominations or releasing the smalls.

I don’t believe they will want to reprint the 1000, 5000, 10,000 and 25,000 notes. So until they introduce the smalls, Iran will remain a nasty parasite to Iraq. All of this is just my opinion.

Punisher: Well explained and easy to understand Tlar, thanks.

Timsters:   tlar do they have a full proof way of detecting the real from the counterfit.? i mean is there any chance of them just saying heres the new currency and due to the counterfiting we wont except any of the old dinar. –tim

Tlar:   Timsters, the CBI only purchased 10 de la Rue machines that we have seen in the last couple of years. With as many banks and branches in Iraq as there are, very few will have a machine to detect counterfeits. Mostly this is does by hand and eye.

This is what I referenced in my first post on this thread. It has to be a daunting task given the amount of bills they take in everyday and the number of transactions the independent banks do.

There has to be both counting errors and counterfeit currency that is slipping into the private banks.

This is a problem the CBI is trying to address by asking the banks to close accounts and identify and confiscate counterfeit currency.

It is easy for the CBI to make a decree like this but based on the shear volume alone, Independent banks are not equipped to handle the influx of this many dinars everyday because people make mistakes.

This does not mention the unscrupulous banks who knowingly take in bad dinar, that are playing the system for huge profits by accepting the bogus dinars.

They are setting up accounts and re-releasing the bad dinars to circulate on the street while selling the good dinars back to the CBI to buy more USD.

Kaperoni:   Every bank has Delarue portable authenticators/counters. If you ever watch these videos you will see the devices in front of the tellers.

These are more than capable of detecting the fakes. Counterfeit is confiscated, not returned to the streets.   Anyone who has one, loses the bill and loses the account credit for the bill.

That is how banking works. The devices that the CBI purchased last year are for industrial usage (validation, sorting, shredding) used in high volume.

More than likely used on a daily basis not one time for a currency change.   Iraq is primitive in many ways, but be assured, banks have validation equipment. This is getting off topic.

Punisher:           Thanks Kap.

Tlar: Thanks Kap, I would hope you are correct that every bank has counterfeit detectors but that really makes me wonder why the CBI has asked the banks to close accounts that were opened with counterfeit currency.

A machine that counts money has to have the money pre-sorted into stacks according to denomination. A counter physically only counts the number of pieces of paper going through on a pass. When an Iraqi shows up with multiple denominations to buy his share of $5000 USD, he might show up with 50, 250, 500, 1000, 5,000 10,000 notes or any combination of these notes.

$5000 US is roughly the equivalent of 5,830,000 dinars at 1166 per dollar.

Here’s a possible sample combination of bills to equal $5000 USD that uses no 25,000 notes.   500 (250 dinar notes) and 500 (500 dinar notes) and 500 (1000 dinar notes) and 500 (5000 dinar notes) and 250 (10,000 dinar notes).

Total notes in this example is 2250 notes to equal $5000 US, potentially one sale to one Iraqi of the many that day. If these notes may or may not be presorted by the buyer.

If not presorted, the bank has to sort them before they can run them through a counter.

There have been many articles recently that have talked of torn and shredded bills. What dinars are still out there are in very poor condition.

Anything that looks new should immediately be called attention to. The older torn bills probably would not run through the counter at all or most likely would jam the machine. This looks to me like a monumental task and it leaves tons of room for human error.

June 25, 2013

Kap / Tlar & Dinar Alert Member Discussion

AdminBob The opening of the first branch of an American Bank in Iraq

2013/06/24 11: 24 Range/Baghdad

Citigroup announced American banking Citigroup Monday, opening an Office in Baghdad, becoming the first US Bank expands services to include Iraq, the pro-peace momentum created in this step to long-term economic opportunities in the oil-rich country.

And Citigroup Citigroup said in a statement carried by the British Financial Times newspaper and seen, (range), therefore, the Bank will open on Monday, the first formal Office in Baghdad after winning initial approval from the Central Bank of Iraq “. FULL ARTICLE & LINK BELOW

Timsters: o if citi bank is open in iraq then they would be one of the first to cash us out in the US .am i right? tim
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AdminBob: Timster. http://dinaralert.webs.com/apps/forums/topics/show/9081624-best-way-to-cash-in-

2COLLECTG: opened this morning! getting ready for the come back of the dinar excited yet?

here comes the rate no doubt!     –i bought this stuff for a penny i just want to sell mine back for a dime!

Norway: So when THIS NEW bank opens up and possibly Barkleys from England, what will be inside the ATM’s? EUROS? DOLLARS? Sure can not see 25000 notes coming out to buy coffee.

Timsters: thanks bob i knew that but was wandering just how long it would take to get into one of the dealers . i feel when this hits there is gonna be a long wait to get into cash out ..and im gonna get an ulser waiting for my turn .being scared to death im gonna miss out on cash in if maliki is still in control trying his best to stop all dinar increases.     tim

Punisher: Norway that is a very good question and this news about CitiBank is very exciting…

Tlar: When the Paul Bremmer Provisional government first was installed, one of there very first acts was to have a consortium of US banks build what is the CBI today.

These US banks were considered the big banks. Chase, Bank of America and I believe Citi were all involved with the resurrection of the banking system in Iraq.

The first two were for sure and unless memory fails me Citi was a part of this. It is a very good sign that Citi is coming back into Iraq 10 years later to set up shop.

This will follow that all the big four will come behind Citi especially if Citi is not targeted by extremists and starts to show any activity.

I see this as the first toe in the water and it definitely means more to our cause than just a bank opening. IMO Citi would not be coming in at this time unless they believed that Chapter VII is all but gone and the dinar is ready to pop.

We should see more articles like this as outside banks start to jockey for position because of the expected economic windfall that’s coming.

Punisher: This is basically the news of the day! How can it get better than this for a Monday!!!

Juliebug: Thank you Tlar! I always love positive news on a Monday. It’s a nice start to the week!

HandOverFist:    My thought is that Citibank would be a good place to hold some currency, denominated in dinar, for future appreciation.

Punisher: CitiBank beat WF and BOA to the punch.

Freedomwish:    HOLY COW! Is this really happening?

Punisher: Yes…the dots are finally being connected!

Punisher: After Thursday I think more banks will move into Iraq at warp speed.

Framer: Punisher who knows but maybe boa and wf are already there. This article kind of snuck up on us. Citi is already going to be open for business on monday. Who know how further the other banks are. When somebody tells me not to get excited after reading these articles then their not reading the same articles that im reading. These are very exciting times right now

Kaperoni:            CitiBank is the first US bank to come into Iraq. The article states this. Most US banks are conservative in nature..WF for sure is. I don’t expect them to get in for years.

2COLLECTG: i guess you don`t understand moons statement is what citi group heard return to former international status prior to 1990! they citi heard moon loud and clear!

-        i bought this stuff for a penny i just want to sell mine back for a dime!

Framer: It takes longer then.a.week to get a bank up and running and citi bank is opening its doors on monday. What im trying to say who knows how far the other banks are to moving in. It could be tomorrow it could be a year from now we just dont how far along they really are

Punisher: Framer, I agree …Exciting times indeed.

Ozoftacoma:      My understanding is that BofA is already in and will open their branch fairly quickly. One thing to think about is that do you think that Citi would have opened their branch 3 days before the announcement of the UN meeting/signing to get Iraq out of ch7 if they didn’t see that there was no doubt about the lifting of ch7?

And with 2 of the original 4 already back in Baghdad, how soon will the others get in there so as not to lose out on what is already on it’s way? Totally exciting news!

FULL ARTICLE & LINKS BELOW:

AdminBob The opening of the first branch of an American Bank in Iraq

2013/06/24 11: 24 Range/Baghdad

It quoted Executive Director of Citigroup in Europe, Middle East and Africa James Coles as saying that “Iraq is an important market with a great futuristic capabilities over time.

The Bank said in a statement that “Dennis flannery, former financial attache to the u.s. Embassy in Baghdad who ran the Office of Citibank for Iraq’s interests in Oman since its founding two years ago, the Office will be headed by Baghdad.”

The Bank said that “there are plans to open additional offices in Erbil and Basra to provide services to customers of the Bank within the banking activities”, pointing out that “this is the first business to Citigroup in a new country for six years”

In his statement, the Bank said “over the last decade the Bank used to fund big investors and companies working in Iraq by giving them funds and cash investment banking and management through regional branches in the Dubai Office in Oman and Iraq through its branch in London.

The Bank stressed that “this step comes to establish a physical presence in the Iraqi market in conjunction with the aspiration of the top oil companies, industry and global investment in the reconstruction of Iraq.”

According to economic analysts, speculation in a US Bank Citigroup, “the expansion of the country’s oil sector growth will turn Iraq into one of the largest oil exporters in the world over the next decade and economic powerhouse worth 2 trillion dollars by 2050″.

And Citigroup operates banks in the Middle East for almost 50 years and provides services in 11 countries including Egypt, Kuwait and the U.A.E., and also provides services for consumers in the U.A.E. and Egypt and Bahrain and Pakistan, and is one of four banks that help Government collect $ 800 million for the financing of powered road traffic fees in the future. LINK

As banks eye Iraq, Citi plans office in Baghdad

By ADAM SCHRECK | Associated Press BAGHDAD (AP) — Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad, highlighting financial firms’ growing interest in Iraq a decade after the U.S.-led 2003 invasion.

Executives say the representative office Citi has received preliminary approval for will help support its corporate customers in Iraq and act as a liaison for companies looking to do business there.

British bank Standard Chartered is also making a push in Iraq with plans to open branches in three cities.