NEWS!!! The IMF has a very positive outlook on the CBI and IRAQ!!!

Happy Monday Dinarians,

Well there seems to be a lot of mixed-feelings flying around in our Dinarian community and there is just as much “mixed news” out there also!!!

Today we noticed two exciting things on the Central Bank of Iraq’s ( www.CBI.iq ) website that gives us two really GREAT things to be optimistic and positive about – we hope you agree and find peace and confidence also with these!

FIRST:  The CBI had a Currency Auction today (October 15, 2012 | Live | Screen-Shot) which sold over $294 Million in US Currency in Auction# 2235!  This is another huge sale of USD.  We are excited about this because we believe the CBI is intentionally making the IQD “scarce” and flooding the streets with USD which they will use as the “small currency” at the time of “RV”.

NEXT:  The IMF released a document which was linked on October 5, 2012 which is extremely positive on the future outlook for Iraq.  This is a short document and worth taking five minutes to read!  It will cheer you up about Iraq and hopefully help you better understand how the International Community looks at Iraq. 

HERE ARE SOME OF THE FIRST EXCERPTS FROM PAGE 1 OF THIS DOCUMENT:

In July 2012, the IMF’s Executive Board extended the SBA until February 2013 to allow more time for the authorities to implement structural measures envisaged in the program and address distortions in the foreign exchange market that have led to the widening of the spread between the official and market exchange rates.

Background

Iraq is estimated to have the world’s second-largest oil reserves, with reserves of 143 billion barrels. By the 1970s, Iraq’s oil resources had enabled the country to reach middle-income status, with a modern infrastructure, and good education and healthcare systems. Since then, however, the country has suffered through three devastating wars, a long period of economic and financial mismanagement, and international sanctions imposed during the 1990s. These events severely damaged political and economic institutions and undid earlier economic and social gains. By 2004, per capita GDP had fallen to less than US$800 from US$3400 in 1980, and the country suffered from a crippling debt burden.

The task of rebuilding the country after 2003 remains immense and is made harder by sectarian politics and prolonged violence. Iraq’s reconstruction requires not only the rebuilding of its infrastructure, but also of its economic and social institutions and the creation of a business environment that attracts capital and brings with it new technology and skills to modernize the economy. Iraq’s huge oil reserves could, in principle, provide the revenues needed to finance the reconstruction, but strong institutions and favorable business environment are needed to use these resources effectively.

NOW… Ask yourself….  Do you really think after reading this IMF document that the World Community will let a punk like Maliki screw it up for Iraq and also the entire free World Community?  Our opinion is, not likely!

Have a GREAT Day  🙂

~ Mr. IQD

FRAUD and PONZI SCHEME ALERT IN THE FINANCIAL PLANNING INDUSTRY! – PLEASE SHARE NOW!

HAT TIP:  Anonymous Email (from a high level Broker in the Financial Planning Industry)


We wanted to republish this article about WSG merging with Transamerica, not because we want to bore you with this kind of news!

Really, what caught our eye, was the facts listed in the third-to-last paragraph, pointing out that LICENSED FINANCIAL PLANNERS are committing FRAUD and PONZI schemes!!! 

You must ALWAYS be careful with whom you invest with, and hire as your financial planner.  Our best rule-of-thumb advice is interview several people from several companies, and pick a few people to work with, splitting up your investments – just in case one of them is a crook!!!  PLEASE SHARE THIS ARTICLE!  🙂

~ Mr. IQD 


Insurance B/D to Shutter, Transfers Reps to Transamerica

Apr 18, 2012 12:00 PM, By Diana Britton

World Securities Group tops the list of broker migration in the first quarter of 2012, terminating its FINRA filings and merging with Transamerica Financial Advisers.

Insurance broker/dealer World Securities Group (WSG) has merged its operations with Continue reading

CBI calls for World Bank to review Iraqs monetary policy

HAT TIP:  The Currency News Hound


This article does appear to be “bad news” however, we first have to consider that not all news articles are reliable and accurate.  This news could just be more propaganda by Maliki to make Dr. Shabibi look incompetent, propelling his efforts to take over the CBI.

From other news articles, we have read that Dr. Shabibi has authorized the World Bank to come in to audit and examine his monetary policy.  If Dr. Shabibi has already authorized this, then he already knows there will be a favorable outcome.

What will the favorable outcome of the Audit by the World Bank do for the CBI, and Dr. Shabibi, it will erase doubts and apprehension for trusting the Iraqi Dinar – thus pushing FORWARD THE REVALUATION OF THE IQD!!!

This audit process really was forced on Shabbs due to the negative press about counterfeiting and other monetary problems which were lowering the Iraqi people’s confidence in the IQD.

We can do nothing but wait for the results.  We can’t really see a RV until after we see a published outcome of this Audit.  This may take some time now.  Hopefully not too long!

~ Mr. IQD


On: Tuesday 04/24/2012 18:59

Dr. Shabibi of Iraq's CBIDescription of the Central Bank Governor Sinan Shabibi monetary policy in Iraq as one of the worst policies.

Calling at the same time, the World Bank to review. Shabibi said / the Baghdadi News / On the sidelines of a seminar for businessmen also attended by his deputy, the appearance of Mohammed Saleh, Secretary General of the Council of Ministers Ali Mohsen Keywords: «can not to this country to continue this case and can not keep the funds vulnerable to looting, calling for disclosure systems of corruption to the public» .

He added that «the monetary policy in Iraq, the worst of existing policies, calling for the World Bank to review this policy and the development of a new Continue reading