I love this CBI Article – You will too!!!

Happy Thursday Dinarians & Happy December!

Well, yes, happy December – can you believe despite the THOUSANDS of calls by Hack Guru for the RV, yet here we are now in December 2014 with no “RV”.

Listen, I wanted to publish this article from my private Skype Room, because I want you all to see this which was originally published by the IQD TEAM Connection.

But, before I have you read that article, I’m giving you my OPINION AND ANALYSIS of the article, but in short – I feel very happy about what I read in the article!  Here we go…

Well, today I saw posted in the News Room the following Article which is a tad bit long (like one of your RANTS! you used to do…) but I believe worth reading!
 
In short, it looks like Abadi is looking for a new Governor of the CBI.  According to the way I read the article, it looks like Dr. Turki was really incompetent and did a bunch of corrupt mismanagement mostly for Maliki’s benefit (no surprise there)!
 
Then, we saw that Keywords was put in to replace Continue reading
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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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HOTT!!! Dr. Shabibi Talks and GREAT Analysis by ~ Red Lily ~

Happy Tuesday & Welcome Back Dinarians!

I hope that you all had a great Labor Day Weekend with your family like myself and Mrs. IQD did. 

To kick off September I was really impressed by the News Article from Dr. Shabibi (the former CBI Governor) and the keen analysis supplied by our friend and Newshound ~ Red Lily ~

I’m supplying to you part of the full article – and the link for you to finish it on her website – to insure that she gets the full credit she deserves!  Here we go:

6893173_orig[1]Economic performance in the development of Iraq did not materialize and the time lost a lot from him

Mohammad Reza Sinan Shabibi

In the economy we face an economic problem at the individual level and at the community level. The problem is that these multiple needs, and resources for these needs is limited. Because resources are limited, we must choose needs that must be saturation.


  • For those out there invested in the dinar, the very first sentence from this extinguished gentleman should send up a red flag. Especially to those who are falling for all the so-called Dinar Oracles saying Iraq’s currency is fixing to revalue exponentially any time soon. Please please please, if you are down and out and confused, do yourself a favor and educate yourself so you do not fall for what these Oracles are saying. Shabibi just said in the first sentence Iraq is facing an “economic problem”. Look for yourself and you find a country’s currency value is based on the country’s economy. Don’t be lazy if you feel let down because it is not happening the way this D.O.’s say it is. Step up and learn. A good place to start would be right HERE ~ RED LILY ~ 

Iraq must satisfy the needs of social and economic but many resources, whether financial or human negatively affected by war and the siege and the loss of opportunities for growth .oadh that Iraq has become a facing problem to choose among the needs which are in fact represent economic objectives in different sectors at home and abroad.

  • Realize this is just my own opinion of what Dr. Shabibi is saying here.  Iraq must satisfy the needs of social and economic with many resources. The International Monetary Fund (IMF), met with Abdul Turki, CBI Govorner, this past spring. During this meeting they discussed what still needs to be accomplished in Iraq Banking, investments, securities and economy. One of the MAIN subjects was that Iraq needs to “Diversify” their notational product away from oil.  This means Iraq must also concentrate on industry type jobs as well as agriculture, mines and manufacturing. The IMF looks at a country’s unemployment rate, political stability and economic stability of a country and tells them what areas need improvement in order to comply with IMF standards. Iraq was told they still need better banking and investment reform laws and they have yet to fulfill this obligation. Stay on the look out for these types of laws to pass. To support what I am saying here, read THIS~ RED LILY ~ 

The circumstances of evolution and the big problems worked to narrow the choices I greet you find it difficult to identify these choices, and that should satisfy the needs of the shortest time possible because of missed opportunities on the individual and the Iraqi society. This means that the time is considered an important economic variable, and therefore is reduced to a primary goal.

  • The above statement from Dr. Shabibi is basically stating there is so much that needs to accomplished in a…  [Finish Reading

Was that an excellent article or what?  Kudos to Ms. ~ Red Lily ~ and thanks to her for sharing it with me.  I hope it cheered you up and gave you peace of mind, like it did for me! 

And Please remember whenever you hear a suspect story by any of the Hack Gurus, just check the facts at the official website for the Central Bank of Iraq by going to their only and OFFICIAL Website:  www.CBI.iq

~ Mr. IQD

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NEWS! Maliki reported to have replaced Dr. Turki as CBI Governor!

Happy Thursday Dinarians,

I just spoke over the phone with Straight Talkin’ Mike who as you may already know is with the IQD Team.

Interim CBI Governor Abdul Basit Turki

Did Maliki Just Replace CBI Governor Abdul Basit Turki?

We discussed the Breaking News of Maliki replacing Dr. Turki as the Governor of the CBI.  Here is one of the recent News Articles they Posted on their Website:

PictureAli Keywords

MP for the coalition of state law gum honest decision by Prime Minister Nuri al-Maliki to withdraw the hand of Abdul-Basit Turki administration of the central bank and the appointment of the secretary-general of the Council of Ministers on the Keywords instead of him, noting that “Keywords able to manage the central bank.” read more >>>

Mike did say to me that he is currently working to get to the bottom of it – and that several news sources are also publishing this news story today.

It is ironic to me that Maliki’s office just earlier this week on rumors of this, put out Continue reading