HOT! Announcing the NEW CBI Governor is…

Happy Wednesday Dinarians,

I checked the CBI.iq website today – and guess what?….

Dr. Turki’s photo was replaced today!

Announcing: “Governor Agency : Mr. Ali Mohsen Ismail” (aka Keywords) 

Feb 4 2015 - Screen Shot of the CBI.iq website

Feb 4 2015 – Screen Shot of the CBI.iq website – Click image to visit CBI.iq

Now, frankly it is my understanding that Mr Mohsen (aka Keywords) is only an “interim Governor” until the new Prime Minister Abadi appoints a new CBI Governor who will serve out a full 10 year term.

I have read news articles from back in early and mid December 2014 where Abadi had said that he wanted Dr. Shabibi to take over the CBI once he was acquitted of the legal charges which were put on him by Maliki several years ago.

The very same Judge who originally issued the warrants for Dr. Shabibi’s arrest had issued an acquittal in December 2014.  This was immediately challenged by Keywords and Maliki – but that decision by that Judge as far as I’m aware was upheld and not reversed.

So, it is my conclusion that Dr. Shabibi should be fully exonerated of those trumped-up changes, and should be eligible to be appointed by Prime Minister Abaidi to be the Governor of the CBI.

Why Mr. Ali Mohsen Ismail now has his picture on the CBI.iq website has me at a bit of a loss.  But, perhaps the title of “Agency Governor” which is placed before his name means something?  I feel it should simply read: “Governor” if he is infact the Governor of the CBI.

Furthermore, I checked the CBI’s “News” section (in both the English and Arabic section) and did NOT find an official Announcement issued today, or even within the past few weeks stating that Keywords was the new CBI Governor!

If he was, should not that Announcement have been put on their website along with his picture?

I’m frankly suspeicious of Mr. Ali Mohsen Ismail because he was quickly appointed as the interim Governor as one of Maliki’s very last acts as Prime Minister last year!  

So, I can’t help but think that with Maliki’s track record of installing corrupt people (aka Dr. Turki) why would Prime Minister Abadi want to keep “Maliki’s Wolf in the hen house”???

I’ll keep digging and watching – maybe this is important, maybe not.  Do you have any suggestions?  Let me know!

~ Mr. IQD

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HOT!!! CBI lends Iraq the IQD to Pass the Budget

HAPPY TUESDAY DINARIAN FRIENDS!

READ THE LAST PARAGRAPH —-

Central Bank announces funding the state budget six trillion dinars and five others to support the commercial banks

According to a statement of the bank and agency {Euphrates News} received a copy of it today, that “in line with the central bank tasks and responsibility in supporting the development and stimulate the Iraqi economy and in light of the financial challenges faced by the country and approved by the Board of the Central Bank, among other proposals made by the bank’s board, is the most important specialized support liquidity of commercial banks in the amount of five trillion dinars; to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation. ”
“The Council also decided to finance the state budget with a loan amount of six trillion dinars run through 50% of the commercial banks’ reserves deposited with the Central Bank of Iraq.”
The statement said that “the Board decided to buy back treasury bonds from the secondary market, where the central bank will buy about five trillion dinars in the first phase of that bond, note that the above procedures for upholding the Central Bank’s reserves.”
Iraq has been going through a financial crisis due to lower global oil prices, which have negatively impacted on the state budget and a deficit in it. ”

— LAST PARAGRAPH —
With Congress likely to be next Thursday as the date to vote on the 2015 budget that after a round of discussions and actions to reduce the deficit .

LINK: http://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&tl=en&u=http://wwww.alforatnews.com/modules/news/article.php%3Fstoryid%3D75353&usg=ALkJrhhFkPTNNk0-o6YvgdxHVSHa_VuDMA

SO MY TAKE IS THAT THE CBI WILL LEND THE MONEY ONLY IF THE BUDGET IS PASSED THURSDAY!!!!

I FRIGGIN HOPE SO!!!
~ Mr. IQD

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More BREAKING on the Swiss Franc – READ THIS!!!

Hello again Dinarian Friends,

Wow – the News today is MONUMENTAL about the Swiss Franc – it went up 40% today causing CONTROVERSY – check out this BLOOMBERG article

Chaos over the Swiss Franc | Credit: Bloomberg

Mayhem Erupts on Trading Floors After SNB’s ‘Currency Shocker’
By Julia Verlaine Jan 15, 2015 1:43 PM ET
At 9:30 a.m. today, trading floors across the City of London erupted.

Outbursts of obscenities and confusion followed the Swiss central bank’s surprise decision to abolish its three-year-old policy of capping the Swiss franc against the euro, according to traders in London’s financial district. The U-turn sent the franc as much as 41 percent up against the euro, the biggest gain on record, a move that one trader estimated may cause billions of dollars of losses for banks and their customers.

Dealers at banks including Deutsche Bank AG (DBK), UBS Group AG (UBSG) and Goldman Sachs (GS) Group Inc. battled to process orders amid a flood of customer calls and trade requests, according to people with direct knowledge of the events. At least one electronic currency-trading system temporarily halted transactions, adding to the mayhem.

“This is the biggest currency shocker in years and it’s likely to create more volatility in the short term,” said James Stanton, head of foreign exchange at deVere Group, a financial adviser that oversees about $10 billion. “Trading positions are extremely vulnerable and volume has gone through the roof.”

Deutsche Bank was among currency dealers to suffer disruptions to … CONTINUE READING

 

Also be sure  to read my earlier post today on this and asking the question of where were our Hack Gurus (Tony TNT, Okie Oil Man, etc.) with their “insider info / intel” on the Swiss Franc?  Don’t they always claim they have “high-level” intel on the Iraqi IQD Dinar?  So, why not now?  I’m sure they will come up with a reasonable lie for you to swallow hook-line-and-sinker! [LINK]

~ Mr. IQD

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NEWS! A really huge… HUGE STEP in the Correct Direction in my opinion!!!

Image

Happy Monday Dinarians,

Personally I’m really coming unglued with excitement today – this NEWS is a really huge, HUGE STEP in the correct direction in my opinion!!!

If we see Dr. Shabibi back in control of the CBI, then the 2015 Budget is passed which means basically we got Article 140 / Erbil agreement included with the 2015 Budget, friends, we have in my opinion taken 2 very HUGE steps to finally seeing a significant increase in the value of the IQD.  

It won’t happen over night, but it certainly encourages me to believe that it will happen sometime in 2015, and for me, I can be patient, especially for that kind of return!

Just to summarize the Articles below – the first article is about the new Prime Minister Abadi saying that he wants Dr. Shabibi to take over the CBI when the corruption charges (levied by Maliki’s corrupt regime) are dropped – DONE!  

The following articles talk about those corruption charges BEING DROPPED and Dr. Shabibi being RELEASED – AND DONE!!!  

~ Mr. IQD

REAL NEWS (NOT HACK GURU BS!):

6893173_orig[1]A source in the prime minister: Shabibi will return to his central bank governor

22/12/2014

BAGHDAD / JD / .. An official in the Prime Minister’s source, the intention of the prime minister Haider al-Abadi return of former central bank governor Sinan al-Shabibi to office after the issuance of the court acquitted.

The source, who preferred not to be named, told / BD /: “The day Monday, 22.12.2014 date the trial of former Central Bank Governor Sinan al-Shabibi for the acquittal of the charges against him by the previous government under the pretext of wasting public money.”

He added: “The prime minister Haider al-Abadi waved the return of the conservative story office Kmhafeza the central bank in the event of an acquittal from the court, the fact is Shabibi figure of great economic mentality.”

She had announced the Integrity Committee in the House of Representatives of the previous session that sack Shabibi been through it, that the competent court of inquiry to consider the fairness issues negated the charges to the Governor of the Central Bank of the article Shabibi, describing him out of office, “targeted personally” for failing to grant money to Prime Minister Nuri Maliki and his son Ahmed, where the investigation has shown that he does not court entered the central bank and former boss Shabibi process waste money mentioned by the investigative committee formed by the House of Representatives, not even the BSA “Report ./ ended / 8 /

http://www.dananernews.com/News_Details.php?ID=5406

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Bayraktar: Release Shabibi and Mohammed Allawi, for lack of evidence

12/22/2014 11:23 GMT

Follow-up – and babysit – The spokesman of the Supreme Judicial Council spokesman Abdul Sattar Bayraktar, Monday, releasing Shabibi and Mohammed Allawi, for lack of evidence. 

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Falrayy.com%2F&sandbox=1

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The release of the former central bank governor Sinan al-Shabibi and former Minister of Communications Mohammed Allawi

22/12/2014 14:17   |   Author: ka Editor: br Reporter:

Tomorrow Press / Baghdad: Iraqi judiciary decided, on Monday, the release of the former Central Bank Governor Sinan al-Shabibi and acquitted of the charges against him as well as the former Minister of Communications Mohammed Allawi.

He said the name of the judiciary spokesman Abdul Sattar Bayraktar in a statement received by “tomorrow Press”, “The Rusafa Criminal Court decided to release the former Central Bank Governor Sinan al-Shabibi and acquitted of the charges against him for lack of evidence.”

He added that “the same court decided to release the former Minister of Communications Mohammed Allawi of the charges against him for lack of evidence.”

The warrants issued earlier against former Central Bank Governor Sinan al-Shabibi and former Minister of Communications Mohammed Allawi on charges of financial corruption.

It is noteworthy that the Iraqi judiciary issued in (4 September 2014), was sentenced to seven years imprisonment against former Central Bank Governor Sinan al-Shabibi based on the charges against him during his administration of the Central Bank.

It is noteworthy that Communications Minister Mohammed Tawfiq Allawi, has submitted his resignation of former Prime Minister Nuri al-Maliki on the background and suspicion in Mali corrupted files affected his ministry and the attempts by some telecommunications companies pass shady deals in Iraq, which was denied by the Minister of Communications, asking not pushing his ministry in the political differences and intersections. 

http://alghadpress.com/ar/news/24503/%D8%A7%D9%84%D8%A5%D9%81%D8%B1%D8%A7%D8%AC-%D8%B9%D9%86-%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B3%D8%A7

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The trial of former Central Bank Governor in the Rusafa Criminal Court

Ali Mohsen Radi   |   December 22, 2014 1: 41 pm

Sources said the Supreme Judicial Council, Monday “The Rusafa Criminal Court began the trial of former Central Bank Governor Sinan Al-Shabibi balhiah second specialized issues of integrity in the Rusafa Criminal Court on charges of corruption.”

My source was the early detection (26/11/2014) that both the former Central Bank Governor, and former Communications Minister, appeared before the Court upon their return to Baghdad, following promises that they will receive a fair trial, noting that the judge released on bail.

The parliamentary legal Committee confirmed, on (29 November 2014), a guide for the retrial of a number of politicians and officials who had been subjected to prosecution previously, while I returned that fall within the broad process of “judicial reform”, revealed the changes included more than 90 officials in the judiciary.

It is expected that the Tribunal acquitted Shabibi because the charges against him were malicious and untrue posts his former Prime Minister, Nouri al-Maliki who wanted to simplify his hands on Central Bank and used safe from the currency and making it an easy tool for him but this was rejected by Sinan Al-Shabibi, Maliki had issued an arrest warrant for him under the pretext of the existence of financial and administrative corruption files committed by Al-Shabibi

He justified the former Central Bank Governor Sinan Al-Shabibi, at (10 November 2012), in the absence of the World Bank and the international organizations to comment on the dismissal, the lack of interest of the characters that manage central banks as far as dealing with monetary policy, and would likely be watching the Central Bank’s policy stance of monetary changes by the new management of the Bank.

The Supreme Judicial Council announced in (19 October 2012), the issuance of an arrest warrant against the Governor of the Central Bank and a number of officials in corruption cases after he was quoted in the local media (14 October 2012), regulatory sources that has issued an arrest warrant against Al-Shabibi on corruption charges, saying he fled out of the country after the issuance of the memorandum, the Bank denied those reports, saying the Governor is currently involved in an annual Conference in Tokyo and return to Baghdad.

The Iraqi Cabinet decided, in (16 October 2012), head of the Office of financial supervision Abdel Basset Turki as the Governor of the Central Bank said.

The integrity Commission described in the parliamentary (10 November 2012), the Special Committee to investigate corruption cases attributed to the Central Bank of Iraq is “illegal” and stressed that the new Committee will be formed to investigate this file, called for a freeze on the decision to arrest the right Bank Governor Sinan Al-Shabibi

http://burathanews.com/news/255362.html

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ARE YOU GETTING EXCITED YET???

Remember the most important thing is NOT to “buy into” the Hack Guru cons and bull-S that they will be throwing at you!

~ Mr IQD

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WOW!!! First the CBI, and now Article 140 being implemented!

Hello again Dinarians!

Just when I loved the earlier article about the CBI which I posted, here is News on Article 140 being implemented!!!!  Thanks to the IQD TEAM Connection and LJ’s Next Step News Room for this article.  🙂
 
Geeze it is almost like Christmas come early this year!!!  
 
~ Mr. IQD
Attorney Shaways: the agreement between the center and the region to the beginning of the application of Article 140
Thursday, 04 December / 1 December 2014   [Baghdad where]
MP for the Patriotic Union of Kurdistan Bloc Bakhtiar Shaways agreement between the federal government and the Kurdistan region as positive for both parties, noting that the agreement the beginning of the application of Article 140 of the Constitution.
Shaways said in a statement today, the agency received all of Iraq [where], a copy of it, that “the agreement between the governments of the center and the region is a good start to open up new prospects for Continue reading

Iraqi currency scheme turns into lengthy prison terms!

Happy Monday Dinarians,

Usually Mondays are “blah” for me, going in to work, after a nice weekend, etc.  I’m sure you can relate.  

Well, today I’m scanning my Skype chat room and one of my members picked up the article on Saturday through our friends over at the Toledo Blade the following AWESOME NEWS about the Brad Huebner and the BH Group!  Check it out…

Brad Huebner with his Attorney Rck Kerger  | Photo: Toledo Blade

Brad Huebner with his Attorney Rck Kerger | Photo: Toledo Blade

Describing him as “a scammer who got scammed himself,” a federal judge sentenced an Ottawa Hills businessman Thursday to 87 months in prison for defrauding investors who bought Iraqi currency and placements in two nonexistent hedge funds.

Bradford Huebner, 67, was convicted by a jury May 22 of conspiracy to commit wire fraud, wire fraud, mail fraud, 30 counts of structuring transactions to evade reporting requirements, and nine counts of money laundering.

Co-defendant Charles Emmenecker, 67, of Sylvania who was convicted at the same trial of conspiracy to commit wire fraud and wire fraud, was sentenced Thursday to 33 months in prison.

At the objection of Assistant U.S. Attorney Gene Crawford, U.S. District Judge Jack Zouhary allowed both men to remain free on bond and ordered them to report to begin serving their prison sentences after Dec. 10.

Huebner, Emmenecker, and co-defendant Rudolph Coenen, 49, of Jacksonville, also will be ordered to… (FINISH READING ON TOLEDO BLADE)

So, again, I’ve been banging on the WARNING DRUMS about Brad Huebner and his cronies with his BH Group since April 2012 when I first founded this website.  

I’ve had a barrage of “haters” that just “loved” Brad and how “kind” he was and how I was such an “evil hateful person” saying that Brad was a liar and con artist.

who lost their money and IQD because they chose to call me a scum bag

Even with the earlier articles I posted about Brad getting indicted – I was still considered to be the “scum bag” – who is RIGHT today?  And who lost their money and IQD because they chose to call me a scum bag, and trust that sweet talking con artist Brad Huebner?  To you all I can say now is that I am sorry for you friend, I just wish you had listened.  

Are you ready to listen to me now about the current scum bags and con artists like Draino… err, I mean Blaino, Tony TNT, Okie, and others?  Are you?  Or is it that I still don’t know what in the heck I’m talking about?  

Nuff Said… (borrowed from Okie)

~ Mr. IQD

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HOT NEWS!!! Abadi Seats Both Interior & Defense Ministers

Happy Saturday Dinarians!

Finally we have more to be happy about Iraq!!!!

The following Iraqi News was sent it no courtesy of the IQD Team Connection and its FRIGGIN’ AWESOME!!!!!!

Parliament gives confidence to Ghaban and Obeidi Kozyren interior and defense http://t.co/4yL7pkv4TO/s/amD6

ALSO KURDS GET WHAT THEY WANTED TODAY!!!

Six Kurdish members of the cabinet were also sworn in after the Kurdistan Regional Government (KRG) had held out for a larger share of ministries than the three offered when Prime Minister Haider al-Abadi unveiled his government on Sept.8.

MORE POSTS FOR KURDS

The Kurds, who originally had been offered the ministry of finance, a post of deputy prime minister and minister of culture, were also given the posts of a minister without portfolio, minister of women’s affairs and the ministry of displacement and migration.

“The new government will be inclusive and address core issues of reconciliation, establishing security and stability in the country… and resolving the outstanding KRG issues of oil and the disputed territories,” new Finance Minister Hoshiyar Zebari, a Kurd, told Reuters.

http://www.trust.org/item/20141018134313-9ct2i/

Have a GREAT Weekend!!!
~ Mr. IQD

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Dr. Shabibi – Video – Q&A RV & Redenomination – US Chamber of Commerce – April 19, 2011

Happy Tuesday Dinarians,

6893173_orig[1]For many of you “long-termers” you will have already seen this video of Dr. Shabibi, the Governor of the CBI at that time (April 19, 2011) answering Revaluation and Redenomination Questions at the US Chamber of Conference in Washington DC.

For those of you “newbies” who have been getting nothing but garbage and lies from the Hack Gurus, why not take about 9 minutes to watch this video?  The audio is a bit low, so be sure to turn up your speakers, or read the transcript below.

Please note, the following transcript is from YouTUBE User “Coqui TV”:

Original Footage by: Frothbucket. Video edited by coquidinares.
Date: Abril 19,2011
Location: US Chamber of Commerce Washington, DC

Dr. Shabibi answers a revaluation and redenomination question made by two attendees.

Transcript:

Question: Revaluation
With respect to the ongoing and need of stability in Iraq
and its exchange rate, we did not follow that there is a direct need for a potential revaluation of the currency to its due for domestic and foreign investment in Iraq, and in regard to that, how far you believe we are from a potential revaluation of the Iraqi currency.

Shabibi answer:

Well thank you very much for this question and the … ahmmm ……. even if I know the answer I cannot tell you .. (laughter) the thing is … you cannot have an economist saying without….the answer depends, so the question here is if revaluation is really going to depend on what extent we are going to continue controlling the inflation.. as you know, if you go to the Central Bank website … the first job is maintaining price stability .

So there is a little bit of inflation in Iraq … it use to be 2%… 3% … now is about 5% .

But we are watching that very carefully … If this inflation
continues we will have to revisit the question of exchange rate because revaluation depends on inflation … of course .. the other factors that determine the movement in currencies are a lot … sometimes we look at trade, exports and imports, all the obligations, the balance of payments and all this things …definitely no doubt you look at those … but those are problems related to the development part of the economy.

The question of maintaining a price stability is really something …you see the inflation and all this things….. cause nobody else in the economy is concern with inflation …. the government puts its budget… the government is the spender and the Central Bank its saver…. It’s not very important for them to concentrate on inflation …. so actually the question here is we are going to track and follow the development in inflation first and of course other factors which I mentioned. Second then will determine our exchange rate movement.

Thank you Governor. This may be the same question, so I can understand if you can’t answer. My name is Bob Kelly, I am an Investor in Iraq, the Summit Hotel in the International Zone with the OPEC financing.

Question: Redenomination

I’ve heard a report in the last couple of days That Iraq is about to cut three zeros off the currency …they call that re-denomination that may be the same question (revaluation) that you just received but I wonder if you had any information about that.

Shabibi answer

Well, I mean …. I don’t know whether if it is the same question (revaluation), I think this cutting of three zeros… shouldn’t be exaggerated … actually that is the problem…the question is … just ” re-denomination” …. and …. people writing a lot of articles in the news papers… criticizing the Central Bank…., that is going to …. the value the Iraqi dinar… that is going to depreciate … all kinds of talks. This is a question, just actually, to facilitated payment… ease of counting and all this things…. and of course when you see a lot of figures, you see trillions and huge figures…. if you want to be precise and you see twelve figures or fifteen figures or digits … So I think we have a plan on that.

If you remember … why …. there was not a government decree to add this zeros. It happened because of the course of development of the economy at the beginning of the eighties…. Inflation was very high … Inflation was rampant and therefore … I mean small denoms start not to be use … so government started to add the three zeros at the time…. and of course conditions are different now .

Inflation is under control, exchange rate is manage by the Central Bank…. all these things when you have the zeros you could not manage … not because of fault of the government or the Central Bank (only) … which I think there was but because there were a lot of exogenous (external) factors.

I’m not saying that we are champions now I mean … there were a lot external factors which affected and a lot of people did not know what to do, so they started to add three zeros and all this things.

So now the situation is completely different from that time, you had a high inflation, you have now a low inflation, you had actually something which is a stable macroeconomics situation . At that time the situation was not stable . So the only way to combat all of this things at the time was to increase the denomination and put three zeros.

Continue reading transcript here:
http://coquidinares.forumotion.com/t8504-dr-shabibi-answering-revaluation-and-redenomination-questions#35233

Let me know what you think about this?  Did you appreciate me digging up the truth and the past?  I’d be interested to know if this post has helped you.

Have a GREAT week, 

~ Mr. IQD

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Is Ali Alak The New CBI Governor?

Hello Again Dinarians,

This was sent to me this morning by a good buddy and friend of the Dinar Community Marc G.  – Thanks!

Is Ali Alak The New CBI Governor?  According to the below News Article from Iraqi News Source Xendan.org he is!

Maybe it is too soon – but the CBI.iq website as of Tuesday, Sept. 2nd, in the morning, their website is still not showing the change and still lists Dr. Turki! 

Ali Alak - The New CBI Governor

Ali Alak – Is He Really The New CBI Governor?

Khandan – Iraq’s cabinet decided on Tuesday, taking on the Keywords Secretary General of the Council of Ministers, the Governor of the Central Bank.

Said Dr. Khairallah Hassan, Minister of Trade in a statement to “Khandan”, said the Council of Ministers held its meeting today, was chosen as a new governor of the Central Bank, after it reached the governor of the central bank and agency Abdel Basset Turki retirement age.

He said the Minister of Commerce in the context of his statement that the relationship to fill the position of Governor of the Central Bank would be temporary.

LINK  (or, you can Copy & Past the link:  http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=/search%3Fq%3Dxendan%2Barabic%26rlz%3D1C1CHFX_enUS469US511%26es_sm%3D93&rurl=translate.google.com&sandbox=0&sl=ar&u=http://www.xendan.org/arabic/drejaA.aspx%3F%3Dhewal%26jmara%3D1582%26Jor%3D2&usg=ALkJrhjUzwEuzWa7UWqQxBv3MGdXD-wzzA )

I’m optimistic and excited if this news is real and is confirmed with additional news articles later today, and finally by seeing the CBI.iq’s website updated.

I really hate to have to mention this WARNING – but the Hack Gurus will certainly use this good news for their next “calling for the RV” rants and try to convince their followers that they have some sort of “inside knowledge” and you just watch, they will say something like: they have actually known about this for a while now, but just could not tell you because they were sworn to secrecy!!!  They are so consistent in their loads of crap and garbage – look it up for yourself, year after year, the same garbage and lies! 

This News Article shows us that Maliki’s grip on the CBI has finally been destroyed (if it is accurate) – since Dr. Turki was put in there by Maliki who used “trumped-up charges” against Dr. Shabibi about 2 years ago. 

We wait to see, but I’m encouraged!

~ Mr. IQD

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EUREKA!!! NY Times Article Confirms Kuwait’s 1991 DINAR “RV”

Happy Monday Dinarians,

I can’t tell you how AWESOME I feel this morning – just minutes ago after I logged in to LJ’s Next Step Skype News Room and I saw a REAL NEWS Article posted by “MyDigitalDr” one of the room’s active members.

This Article is from March 25, 1991 and is from The New York Times (Archive) – It is titled: “AFTER THE WAR; No Electricity but Kuwait Reopens Its Banks” and among many things it specifically talks about Kuwait’s Central Bank’s “RV” of their KWD (Kuwaiti Dinar) after Saddam had invaded Kuwait.  

Here is the article – I have highlited the exchange rate for you.

By DONATELLA LORCH, Special to The New York Times
Published: March 25, 1991

It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.

Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people Continue reading