Thread: Iraq/Dinar News to April 19, 2007 10PM CST

Originally Posted by Adster

Right on my brother. Article IV is all about exchange rates. Par value means level with the dollar. Remember the articles stating close to the dollar/parity with the dollar? Plus to dedollarize and make the dinar the preferred currency they need to make it at least level with the dollar if not higher.

In order for a country to revalue they have to send a letter of intent to the IMF setting out their wishes. Then they have 30 days to carry out these actions. The GOI have done this before as short a time ago as January but the CBI did not carry out the reval.........Maybe this time will be different.

And maybe they filed that letter of intent........

Originally Posted by wciappetta

Yes I remember them, I have them all and you are right the lowest the RV will is the shake out rate of a dollar...... sorry can't get any emoticons to post but Cheers to all of us........

We need an Article VIII Agreement signed to make it Fully Convertable and Internationally Accepted!! They are working under an Article IV Agreement NOW!!

Adam[Adster]...why didn't the CBI carry out the revel in January if as u say the GOI had intended to do so???...just curious to know.....and see if they might have a delay again....which as we all know and have seen the Iraqi's are ******* of.....Pat

Originally Posted by bigopie

Adam[Adster]...why didn't the CBI carry out the revel in January if as u say the GOI had intended to do so???...just curious to know.....and see if they might have a delay again....which as we all know and have seen the Iraqi's are ******* of.....Pat

Only they know! FIL, HCL maybe......

We don't know whether Article VIII has been signed. IF it hasn't it soon will be IMO.


For his part, the representative of the Governor of the Central Bank of Iraq, Dr. Saleh appearance "There are three main points in order to enable the Iraqi banking sector to perform activities on the financial environment according to the wholesome Monetary Authority has taken upon itself the achievement of the first tasks of the (liberalization of the financial sector, particularly the liberalization of interest rates and the removal of any form of fiscal restraint, open to foreign banks to work in Iraq, whether branches or independent companies or partnerships with private banks, the shift from banking oversight to control the automatic preventive control, the freedom of foreign transfers without any restrictions on the states and according to the liberation of the current account of the balance of payments and in accordance with Article VIII of the International Monetary Fund).
Meanwhile, the deputy chairman of the economic development of American Mike Harvey that the movement of banking in Iraq will witness significant development, and quality leap through the development of economic sectors including the private sector and increased investment after the approval of the Iraqi Parliament.

Harvey said in a speech during the conference "that the programs carried out in Iraq during the past years had been important on the economic level, where he was one of the most prominent of these programs support the social protection network, which provides financial support to more than a million Iraqi families, and Harvey added :" We join Iraq to the World WTO is a real commitment of the Iraqi government to transform the economy to become compatible with the global economy. "


http://www.almadapaper.com/paper.php...page&sid=18483

Originally Posted by Bubba Dinar

We need an Article VIII Agreement signed to make it Fully Convertable and Internationally Accepted!! They are working under an Article IV Agreement NOW!!

actually they are working under the entire agreement and signing off as its suited. for example we know Iraq has made deposits to the fund which falls under article five. so its not like they are going at it line by line. add some value to that bad boy and watch how convertible it becomes... state dept says its already fully convertible.....any how
Article four is strictly concerning exchange rates and parvalue for global trade and transaction.

Like we commented before WTO compliance has to equate to article VIII fulfillment as well since you cannot have one without the other.

From IMF, it shows that in the past April is when they post the exchange rates (in SDR's) Multiply by 1.48 to get $ values.


Date Exchange Rate
April 28/29 2007 ????????
April 28, 2006 0.000460244
April 29, 2005 0.000451682
September 22, 2004 0.000466938
September 08, 2003 2.53758
April 30, 2002 2.53758
April 30, 2000 2.43852
April 30, 1999 2.38074
April 30, 1998 2.38881
April 30, 1997 2.3558
April 30, 1996 2.21848
April 30, 1995 2.04504
April 30, 1994 2.26323
April 30, 1993 2.26004
April 30, 1992 2.34852
April 30, 1991 2.39924
April 30, 1990 2.46985
April 28, 1989 2.48283
April 29, 1988 2.32407
April 30, 1987 2.46269
April 30, 1986 2.73556
April 30, 1985 3.24557

Originally Posted by Adster

From IMF, it shows that in the past April is when they post the exchange rates (in SDR's) Multiply by 1.48 to get $ values.


Date Exchange Rate
April 28/29 2007 ????????
April 28, 2006 0.000460244
April 29, 2005 0.000451682
September 22, 2004 0.000466938
September 08, 2003 2.53758
April 30, 2002 2.53758
April 30, 2000 2.43852
April 30, 1999 2.38074
April 30, 1998 2.38881
April 30, 1997 2.3558
April 30, 1996 2.21848
April 30, 1995 2.04504
April 30, 1994 2.26323
April 30, 1993 2.26004
April 30, 1992 2.34852
April 30, 1991 2.39924
April 30, 1990 2.46985
April 28, 1989 2.48283
April 29, 1988 2.32407
April 30, 1987 2.46269
April 30, 1986 2.73556
April 30, 1985 3.24557

Tis a beautiful history!

Originally Posted by Adster

We don't know whether Article VIII has been signed. IF it hasn't it soon will be IMO.


For his part, the representative of the Governor of the Central Bank of Iraq, Dr. Saleh appearance "There are three main points in order to enable the Iraqi banking sector to perform activities on the financial environment according to the wholesome Monetary Authority has taken upon itself the achievement of the first tasks of the (liberalization of the financial sector, particularly the liberalization of interest rates and the removal of any form of fiscal restraint, open to foreign banks to work in Iraq, whether branches or independent companies or partnerships with private banks, the shift from banking oversight to control the automatic preventive control, the freedom of foreign transfers without any restrictions on the states and according to the liberation of the current account of the balance of payments and in accordance with Article VIII of the International Monetary Fund).
Meanwhile, the deputy chairman of the economic development of American Mike Harvey that the movement of banking in Iraq will witness significant development, and quality leap through the development of economic sectors including the private sector and increased investment after the approval of the Iraqi Parliament.

Harvey said in a speech during the conference "that the programs carried out in Iraq during the past years had been important on the economic level, where he was one of the most prominent of these programs support the social protection network, which provides financial support to more than a million Iraqi families, and Harvey added :" We join Iraq to the World WTO is a real commitment of the Iraqi government to transform the economy to become compatible with the global economy. "


http://www.almadapaper.com/paper.php...page&sid=18483

I have to agree with it seems everything is coming into play and as it has been said before they seem to be leaning toward a collective announcement of all the articles. It feels IMO that they are setting up for 1 big punch.
Things are really looking up.

Originally Posted by wciappetta

And maybe they filed that letter of intent........

Perhaps someone could leak THAT too! Wouldn't it be fun to read the official letter?

"We, as a united entity intend to bring our currency back to the level that it was intended and revalue said currency as equal to the Euro..."