Truth or Rumor….Time will tell! Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

Truth or Rumor….Time will tell!
<<< Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.
"The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy," Maliki said in response to some questions through the National Information Center.

"The government would not rush matters but would rather work on finding all the guarantees to render this measure a success. The Central Bank of Iraq (CBI)Central Bank of Iraq (CBI) is currently entrusted with drawing up a study on the whole issue and would give its decision soon," said the Iraqi premier.
[11:39:21 AM] DreamKatcher1: [10:56 AM] Randy:

<<< 1 DINAR will be equal to 3.2 usd when float, maybe in April 2011 , or before...

by Wagiyati Ranudimejo
More Comments by the Community

The Iraqi dinar's exchange rate is suffering from low value against foreign currencies as a result of decades of wars and economic embargo that brought the local currency's exchange rate to the rock bottom from three dinars per dollar in the late 1970s and 1980s to 3,000 dinars per dollar after the 1990 invasion of Kuwait, followed by a 13-year crippling sanctions regime.
[11:39:50 AM] DreamKatcher1: [10:56 AM] Randy:

<<< The exchange rate fell even more after 2003 to reach 1170 dinars per dollar due to the CBICBI's policy of daily auction, in effect for more than five years now.

The policy was lambasted by several economists on the grounds that these auctions do not give the real value of the country's local currency
[9:45:24 AM] Jack McGhee: April 9th, 2011 04:50 pm • Posted in RUMORS (Dinar Revaluation)
GOOD AFTERNOON AMERICA AND SHIPS AT SEA AND ALL OUR OVERSEAS FRIENDS. EVEN THO I GRADUATED SUMA CUM LAUDE (SP) I HAD A VERY HARD TIME THIS AFTERNOON WITH A PROLONGED CONVERSATION WITH AN INTERNATIONAL BANKER CONTACT.

I WILL TRY TO EXPLAIN WHAT MY LITTLE FINITE MIND ABSORBED. IT WAS EXPLAINED TO ME THAT THE IBS (INTERNATIONAL BANK OF SETTLEMENT) IN SWITZERLAND IS THE CONTROLING ENTITY NOW RELEVANT TO THE R/V OF NOT ONLY THE DINAR BUT OVER 100 DIFFERENT CURRIENCIES.

THE IBS HAS BEEN AND IS (PINGING) CONTACTING WORLD WIDE BANKS THAT CO-OPERATE ON INTERNATIONAL TRADE AND THEY HAD TO BE ON THE SAME PAGE SO TO SPEAK AND THAT UP TILL NOW HAS BEEN THE PROBLEM- IT WAS STATED TO ME THAT EACH OF THESE COUNTRIES HAD IQD AND THEY HAD TO BE ACCOUNTED FOR AND THEN IN TURN WOULD (PING) RESPOND TO THE IBS.

THE DETERMINATION OF WHAT EACH COUNTRY ACTUALLY HAD IS NECESSARY TO DETERMINE THE SPECIAL DRAWING RIGHTS ADMINSTERED BY THE IMF. AS OF ABOUT 2 HOURS AGO

THE FINAL RESPONSE FROM SOME (UN-NAMED COUNTRY) WAS RECEIVED.THE WINDOW IS NOW OPEN FOR THE WIND OF CHANGE TO COME BLOWING THRU THAT WILL HAVE IF ONLY A TEMPORARY EFFECT A POSITIVE EFFECT ON THE WORLD ECONOMY IN GENERAL.

THE RE-BOOT OF THE CURRENCY IN THE WORLD IS HAPPENING NOW. AS TO WHETHER WE SEE IT TODAY-TOMMOROW OR NEXT WEEK–REST ASSURED IT IS ALL COMPLETED NOW—
[12:56:07 PM] Patriot1490: [12:52 PM] David LeBrock:

<<< [OKIE_OIL_MAN] GOOD MORNING AMERICA AND SHIPS AT SEA AND OUR FRIENDS OVERSEAS--I USUALLY DON'T POST ON THE SABBATH AND AS WE'RE TOLD--KEEP IT HOLY. TODAY ACCORDING TO INDICATORS MAY BE A VERY SPECIAL DAY. I AM GOING TODAY AND IN THE FUTURE AVOID DATES AS THEY HAVE NEVER CAME TO PASS. MY INTEL HAS ALWAYS BEEN 2 OR 3 DAY'S AHEAD OF TIME AND CORRECT BUT THE DATES FURNISHED TO ME WAS ALWAYS WRONG. I HAVE JUST GOT THRU STUDYING THE UN DOCUMENT FROM THURS UN MEETING--I WILL TRY TO GET THIS IN 1 POST BUT I NOTICE I AM LIMITED AS THE AMOUNT OF SPACE I CAN TYPE BEFORE SOFT WARE SHUTS ME OFF--MELKERT-THE SEC GENERAL SPECIAL REP TO THE UN LAID DOWN THE LAW TO IRAQ THURSDAY.HE POINTED OUT FACTORS OF CONCERN TO IRAQ THAT THE UN HAD. NAMELY 50% UNEMPLOYMENT--LESS THAT 40% CHILDREN IN SCHOOL--LESS THAN 20% IN SECONDARY SCHOOLS--INDICATING A YOUNG POPULATION WITH FEW PROSPECTS. HE STRONGLY CHASTIZED THE IRAQ GOV FOR THE CORRUPTION FACTOR THAT HAS BEEN PRESENT. HE MADE ONLY A PASSING COMMENT ABOUT THE NUMBER OF BOMBS BEING DETONATED BUT CITED THAT IT STILL IS A CONCERN FOR THE UN SUPERVISORS THAT ARE HELPING IRAQ GET A FOOT HOLD ON DEMOCRACY. WILL MAKE AN ADDENDUM TO POST--SOFTWARE SHUTTING ME OFF
[12:57:09 PM | Removed 12:57:43 PM] Patriot1490: This message has been removed.
[12:58:00 PM] Patriot1490: Sorry folks, I am trying to get my copy and paste to work.
[1:07:50 PM] Deena Morein:
[OKIE_OIL_MAN] AS I STATED YESTERDAY THE BIS (BANK OF INTERNATIONAL SETTLEMENT) HAS RECEIVED IT'S LAST RESPONSE FROM COUNTRIES AS A PRECURSOR TO THE RE-DENOMINATION OF OVER 100 DIFFERENT CURRIENCIES. I HAVE RECEIVED RUMORS (R U M O R S) THAT AS SOON AS TODAY THAT THE BIS COULD PERMISSABLY RELEASE THE NEW RATES FOR ALL THESE DIFFERENT COUNTRIES. IF TRUE THEN WE SHOULD HEAR OR SEE PERHAPS ON THE CBI SITE OR THE FORE-X THE RATE. I REPEAT THIS WAS FURNISHED TO ME FROM GOOD SOURCES BUT KEEP IT IN THE RUMOR CATEGORY BECAUSE WE HAVE BEEN FOOLED MANY TIMES BEFORE. WITH THE LAST PREREQUISITES BEING FINALIZED THE POSSIBILITY IS IMMENENT OF THE IMPENDING CHANGE. AS FAR AS IRAQ IS CONCERNED AND THE IMF AND THE WORLD BANK--THE RATE IS FINALIZED AND ACCEPTED. THE CONTROLING ENTITY NOW IS THE BIS AND IS OUT OF ANYONE BUT THEIR HANDS. WITH THE NEED TO STIMULATE THE WORLD ECONOMY AND NEED TO MAKE COUNTRIES SOMEWHAT COMPATABLE ON THE TRADING ASPECT OF INTERNATIONAL BUSINESS AND TO TEMPORARILY SPUR THE FLAILING ECONOMIC SITUATIONS--IT APPEARS TIME IS THE ENEMY OF THE BIS AND MUST BE ADDRESSED IN A RAPID MANNER. HAVING SAID ALL AT THIS TIME I LEAVE YOU WITH BEST WISHES AND HOPES FOR A RAPID APPEARANCE OF THE IQD R/V---GOD BLESS ALL
Patriot1490
Deena Morein