Yesterday.....
4-23-2013 *BGG ~[can you explain what the elections are that just finished in Iraq and why they matter please?] they generally point to what the future "will of the people" will look like. It holds less and less promise for Maliki as the days go by. This won't have a direct impact on the current GOI - but gives everyone clear guidance as to where things are headed for ealry 2014. [How is the RV related to the elections?] it is doubtful there will be any RV with this "power structure" in place "as is" - that is why all the excitement whenever a "deal" is rumored. One will follow the other.
4-23-2013 *ScottG ~Bear[5642] and I have been posing questions to this Iraqi businessman for 1½ years WITHOUT ANY information or confirmation of things for which we were seeking. This contact was always shooting down information so many were promoting on the internet. Time and time again we were hoping he would confirm the information but it never came. With all the recent information creeping in about lower denoms in the marketplace, we again reached out to him a couple of weeks ago. The businessman responded telling us that he was seeing the lower denoms coming out and was hearing that the Qui cards were suppose to be distributed but he had not seen them yet. Fast forward one week and this businessman called to inform us that he could confirm the lower denominations were now fully in the marketplace and he now has his Qui card. It took a conversation with his banker to understand why the card had been loaded with such a low number of dinars. I have to state that this man has more credibility than nearly every source of information I am connected to and that is saying something. Today the banks in Iraq were closed for the 4th day!!! Looking at all the activity in Iraq for the last month and all the progress made, we have every reason to be hopeful and optimistic that this journey is nearing the end. I cannot share the specifics of the information I have other than it lines up with Bears and some others. I believe we have reached a point of no return. I do not believe we will be waiting much longer.
4-23-2013 *SteveI, Ray & OCrush ~I see that the DFI funds are no longer going to get protected after May 23, 2013. Below is some of the important things of why this is very good for our investment and the country of Iraq. Babysitting the Iraqi's is not an option anymore. We protected them for ten years and its about time to stop holding there hand. It's also a good sign that Iraq will emerge completely from chapter vii. What I find interesting, the feds will travel to Baghdad to complete the protection release and sign the appropriate paper work. There was a meeting with Turki (cbi's governor) with top US officials discussing this issue with them. Not only did they discuss the DFI but the reserves and other Iraqi funds. We believe this was an official audit on the Iraqi holdings to make sure the data was accurate. Completing this 10 year stance is awesome and they are ready to move forward. Parliament has till May 15 (extended legislative term) to get the significant laws past to have Iraq's monetary policies in place to have a revaluation. These policies are moving forward in lightning speed but we need to see stability in the political arena to get it done. Time will tell and I have to say they have a very short timetable.
4-23-2013 *Bear5642 ~How many of you know the CBI has been closed for 5 days now? [Bear5642 corrected this...see above] ScottiG got call while I was on the phone with [him?] from the sandbox and man oh man what a bomb did he drop on me. WELL this bad boy is about to happen. I cannot share who told and give any details other than get ready. On May 1st Iraq will no longer need the US in any way fashion or form. 'O" has been up to some things is all I can say and now it's a go. They are still implementing some things with the Qi card and initiating a new rate is all I can say. QI cards are being reloaded with a new rate. NO LOP...remember my words May 1st Iraq will be 100% on their own no more US support. SCOTTIG and I speak everyday and man he has some awesome connections. I'm gonna call my contact in Iraq first thing in the morning to get an update and I will come back in the afternoon [tomorrow] to share.
4-23-2013 *Blaino ~this mornings report from the MAJORS...Foreign currency division, department, etc::::: no changes: $3.47 "placer rate" still in PLACE...For the IQD...$.478 for the VND...Then, suddenly the system terminals locked DOWN...So, not the "black screens" from BEFORE...There was some speculation that wells was in (charter) trouble over some shenanigans by a few people there yesterday...HOWEVER...My thought was that "they" needed a termination of all system activity to install a CHANGE...Somewhat later...The terminals came back online...highest levels first…and resuming down the line…and….showing new rates!!! My thought was that "they" needed a termination of all system activity to install a CHANGE...Well…. Oka, since it’s “just us” iqd = $6.++ vnd = $1. Give or TAKE...When these go ACTIVE...We have ARRIVED.
4-23-2013 *TerryK ~ONE OF MY BUDDIES CALLED, HIS WF CONTACT SAID THEY HAVE A BLACK SCREEN RIGHT NOW ON THE IQD AND THERE IS A RATE ON THE BACK SCREEN SHOWING. I DON'T KNOW WHAT THAT MEANS...WE ARE ON TRACK FOR TOMORROW NIGHT IS THE WORD I GOT. NOW THE RATE THAT'S ON THE SCREEN IS GET THIS 6.18 AND 1.07 DONG. WELL I HAVE ONE SOURCE TELLING ME WED AND ANOTHER TELLING ME TONIGHT MAYBE. DINAR AND DONG IN THE SAME BASKET. I WISH THEY WERE NOT BUT THEY ARE. 4-23-2013 Intel Guru TerryK I HAVE A FEW SOURCES ON THIS SITE, THREE IN A ROW, HAVE TOLD ME THIS IS GOING DOWN TONIGHT. I THINK IT'S GOING TO BE TOMORROW NIGHT FROM WHAT I WAS TOLD BY MY CHINA SOURCE. IT'S HERE PEEPS. WE ARE LOOKING AT THE RV. NOT A RUMOR. WE ARE LOOKING AT IT.
4-23-2013 *Bear5642 ~I have to make a correction, the CBI is not closed but the banks are closed and I will hear from my contact in the am
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4-24-2013 *SteveI, Ray & OCrush ~To understand the developments of the DFI you need to look at the past. Back in June of 2011, they were concerned to what would happen to this fund if it was unprotected. The major liability was with the seizure of the Kuwaiti airline and what Iraq was responsible to pay. Of course this did not take place and the fund is still protected till May 23rd 2013. For them to un-protect the fund means settlements were made, so there is no threat of major liabilities. Iraq now can move forward to use this money for the purpose to build there infrastructure, supply jobs and keep inflation low post RV. They will not worry having these funds frozen and not being able to pay there suppliers out right and having there commodities frozen. This is a good sign for the monies to flow freely and make Iraq prosperous for it's people.
4-24-2013 *Arthur ~MALIKI IS UNDER TREMENDOUS PRESSURE TO NOW SIGN ERBIL ESPECIALLY CONSIDERING THE DFI RUNNING OUT IN MAY AS WELL AS THE WEAK PERFORMANCE OF HIS COALITION IN THE RECENT PROVINCIAL ELECTIONS. WE KNOW MALIKI LOST SEVERAL SEATS WHICH HAS FURTHER WEAKENED ANY LEVERAGE HE HAD. I LOOK FOR THINGS TO RAPIDLY FALL IN PLACE NOW BECAUSE THE BANKS ARE NOW BASIL COMPLIANT AND THE DFI IS LOOMING. IMO MAY WILL BE THE MOST EXCITING TIME WE HAVE EVER HAD IN THIS INVESTMENT.
4-24-2013 *Stryker ~May 22, 2013 will be here before they/we know it and will they be ready in time? Well, that is the 20 million dinar question isn't it. May 22 is the date the Executive Order 13303 expires and if not extended Iraq will need to have all the ducks in order, so to speak. It is my belief that if the US does not extend this E Order Iraq must be ready to exit Chapter VII so they are in a position to protect their own funds within their own borders. If they are not ready to exit Chapter VII they should have the Executive Order 13303 extended and the wait continues. The good news is...there seems to be a sense of urgency in place to get things done. We will see in the next few weeks if this continues though.
4-24-2013 *Footforward ~Everything that needs to be in place is in place. There isn't any more pieces to this puzzle. I believe the RV is coming & I believe it is coming right away. The lower denoms being out in the market place is not correct. There is no reason to put them out there before the RV. It would cause a problem & would be a security nightmare. They have a plan in place to put the LD's out as soon as the RV goes. I believe we are close and I am looking for something to happen.
Statistics: Posted by Vixen — Wed Apr 24, 2013 9:00 am