_This is a combination of three different chats by three different posters so the formatting is different for each one - sorry for the lack of uniform in the text posting - Dinar Recaps Team
Med's chat 1-19-12 @ 9:08am cdt Post By Ksdunlap
Med (10:08:02):
GM DS
(several hello's)
OK BEFORE I GET UPSET
AND BAN SOMEONE
I AM GOING TO SETTLE THIS
FIRST OFF
I DELETED THE THREAD BY PROFIT
I AM THE ONE WHO HE REFERS TO ACCUSING HIM OF SAYING IT WENT TO A FLOAT
HE CLAIMS IT DID
CUZ OF ONE REMARK IN THE BULLISH AREA
IF YOU CLICK ON THE NAMES
OF TRADERS
THERE IS A DATE
THAT DATE HAS A COMMENT
THAT A CERTAIN TRADER MADE
THAT IS ALL IT WAS
IT WAS SPECULATION FROM ONE OF THE SO CALLED TRADERS
THAT CBI HAD GONE TO A FLOAT
IT WAS NOT ANYTHING OFFICIAL
...
Read More Link On Right
_ LIKE I SAID
GO TO THE IMF.ORG
IT EXPLAINS WHAT IRAQ IS UNDER
DONT YOU THINK THAT SINCE IRAQ IS UNDER AN SBA AGREEMENT
WITH THE IMF
AS THEY WERE BEFORE
THAT INFO IN THE COUNTRY INFO AREA
FOR IRAQ WOULD BE THE MOST LEGITIMATE TO CHECK
I AM GLAD THAT CBI HAS MADE A CHANGE
BUT
IT IS 4 PIPS
AND MOST OF YOU HAVE BEEN INVOLVED FOR YEARS
IT WILL NOT MAKE ANY DIFFERENCE IN THE IRAQI MARKETS
IT WILL NOT INCREASE PURCHASING POWER
AS IT SAYS IN THE ARTICLE
IT IS NOT COMMENSURATE WITH THE REAL VALUE
IRAQ IS IN A CRAWLING PEG
THE ONLY COUNTRY THAT HAS BEEN GRANTED PERMISSION TO USE A CRAWLING PEG
WHILE BEING PEGGED AGAINST THE USD
I AM NOT BEING A JERK TO PROFIT
BUT YOU HAVE TO MAKE SURE WHEN YOU USE A QUOTE
THAT IT IS NOT JUST SOMEONES OPINION
THAT IS ALL IT WAS
A QUOTE OF THE DAY
FROM SOMEONE PLAYING WITH THE DINAR
AS WE KNOW IT CANNOT BE TRADED
ALL THOSE INVOLVED
ARE JUST PLAYING WITH IT
IT CANT BE BOUGHT OR SOLD
ON FOREX....CAN IT
YES OR NO
guardian: nope, and 1166 hardly has purchasing power
Spunkymonkey: no
Retta: no
Med: RIGHT GUARDIAN
tmac096: no way!
Med:
NOW I AM AS I SAID
NOT JUMPING
I WANT TO SEE IF THERE IS MORE MOVEMENT
IF SHABIBI
IS NOT GOING TO SIT IDLE
UNTIL PARLIAMENT GETS DONE WITH HIS DRAFT LAW
WILL HE CONTINUE
AS WE KNOW BY YESTERDAYS ARTICLE
AND ARTICLES ON THE SAME SUBJECT
THAT VENDORS AND THE IRAQI STREETS ARE USING THE DOLLAR
OVER THE DINAR
THAT THE USD IS THE CURRENCY OF CHOICE
AND IN FACT PRETTY MUCH ANY FOREIGN CURRENCY IS WANTED TO BE USED
OVER THE DINAR
NOW
SHABIBI IS GOING TO HAVE TO BE THE ONE TO RESOLVE THIS
AND THE LONGER IT GOES UNRESOLVED
THE WORSE OR HARDER IT WILL BE TO REVERSE IT
OH
ANY MATHEMATICIANS HERE
IS 4 PIPS
Mountainman: Well the US Dollar is my currency of choice too... 1 + 1 = 2
Med:
3.4%
YUP
I JUST CANT SEE IT AS THAT MUCH
HECK
guardian: iraqi math lol
Med:
IT HAS TO BE
CUZ
Mountainman: .89 is just fine too, lol
Med:
IT DOESNT ADD UP
CUZ 3.4 OF 1170
IS NOT 4 PIPS
WAIT
THEY DIDNT USE THE 1170
tmac096: looks like 1130 +_
Med:
THEY USED THE NOMINAL VALUE
MULTIPLY .034 X .00086
THAT IS HOW THEY GOT 4 PIPS
WOW
THIS IS LIKE SMOKE AND MIRRORS
tmac096: my calculator keeps showing 0.00 it doesn't go that low or that detailed. it rounds everything.
(chit chat)
Med:
I THINK THAT ALL OF THIS GOING ON
IS PART OF PHASE II
AND I AM HOPING THAT CBI SEES THAT THEY WILL HAVE TO MOVE EVEN MORE
TO COUNTER THE NEGATIVES OF THE DINAR RIGHT NOW
Mountainman: I want to see what Parliment voted on today
Med:
I THINK IT IS POSTED MM
OK GONNA GO FOR A BIT
OK LATER GANG
********ADDED CHAT POST BY TUDOR**********
MED'S CHAT 1/19/12 11:20am ct POST BY TUDOR
Med says to (12:27:10):
HI Gang
Med says to (12:27:36):
OK HARRY POSTED THE ARTICLE ON WHY THE DINAR WAS MOVED 4 PIPS
Med says to (12:27:49):
AND AS I THOUGHT IT HAD NOTHING TO DO WITH IT GOING ON A FLOAT
HI KIDS
LOL
THE REASON CENTRAL BANK INCREASED THE EXCHANGE RATE
FROM 1170 TO 1166 WAS BECAUSE OF THE DOLLAR DEMAND AT THE AUCTIONS FOR THE MONTH OF DECEMBER
THE DEMAND WAS SO HIGH THAT CBI FELT IT WAS SAFE TO INCREASE THE EXCHANGE RATE
WHICH IS A WHOPPING 4 PIPS
IT IS NOT ON A FLOAT NOW
SO I HOPE I CAN PUT THIS TO REST
TYVM
ALL DONE
**********ADDED CHAT POST BY GLK *************************
Med chat 1-12-20121:00 pm Eastern
TrainMan says to (13:00:46):
Med, ? If I may?
Med says to (13:00:57):
SURE
I WILL SEE IF GLK CAN ANSWER IT
LOL
glk says (13:01:18):
I'm ready ??
TrainMan says to (13:01:29):
Has it ever been confirmed that the Parliment voted on approving the small denoms?
Med says to (13:01:45):
I CAN CONFIRM
THEY DIDNT
THEY HAVE NOT VOTED ON IT YET
glk says (13:01:54):
that was my answer ..... LOL
TrainMan says to (13:02:10):
They read the bill twice tho?
Med says to
ONLY READ IT TWICE
YES THEY DID
BUT THAT MEANS NOTHING
THEY STILL HAVE TO HAVE THE VOTE
FIRST THEY WANTED THE FINANCE COMMITTEE TO REVIEW IT
THEY DID
AND OK'D IT
THEN THEY WANTED CBI'S BOARD OF DIRECTORS TO
THEY DID
SEE THE EXCHANGE RATE IS NOT PART OF THIS OK
TrainMan says to (13:03:31):
Ok so we wait. You had mentioned you thought it was tied to the budget and it appears you are correct. Again.
Med says to (13:03:32):
THE EXCHANGE RATE IS STILL CONTROLLED SOLELY BY CBI
I AGREE
IT IS TIED TO THE BUDGET
TrainMan says to (13:03:43):
Agreed.
Med says to (13:03:49):
AND I THINK THAT IS WHY NO VOTE
UNTIL THE BUDGET IS APPROVED
WITH THE DRAFT ALLOWANCE
YOU CAN SAY YES
TrainMan says to (13:04:15):
Yes
Med says to (13:04:25):
SO YOU UNDERSTOOD IT
TrainMan says to (13:04:37):
No I understand
Med says to (13:04:48):
THAT IS WHAT I SAID
YOU DID UNDERSTAND IT
TrainMan says to (13:04:59):
Just letting you finish your thought.
Med says to (13:05:16):
THAT WAS AN EASY ONE
I KNOW I DONT GET INTO THE BUDGET THAT MUCH
OR IT'S IMPACT
I AM JUST TRYING TO CONSOLIDATE
THE ISSUES TO A MINIMUM
TrainMan says to (13:06:02):
I've been here for three years and it is a strange process of what we thought was needed later it turned out was not needed.
Med says to (13:06:11):
OH FOR SURE
I AM NOW TOTALLY MIFFED AS TO HOW
SHABIBI CAN COME AND SAY
BACK IN JULY OF 2010
THAT HE WAS GOING TO RV BACK IN 09
THEN HE DIDN’T
IF ALL THIS CRAP HAD TO BE DONE
FIRST HOW COULD HE
THEN AGAIN
TrainMan says to (13:07:19):
We never thought the budget was tied to it but here we sit waiting for the budget to be passed. Not directly tied but none the less, tied.
Med says to (13:07:20):
ECONOMIC CONDITIONS IN SEPT TO NOV 09
WERE NOT AS BAD
THEY GOT MUCH WORSE AFTER THE NEW ELECTIONS
TrainMan says to (13:07:42):
But the politics were bad.
Med says to (13:07:47):
WELL YES
BUT SO FAR
THIS IS NOT BLOWING ANY SMOKE UP ANYONES DRESS EITHER
LOL
TrainMan says to (13:08:23):
Go on..
It's funny we sit and hope for Saturday but how many times has this happened, then BAM... we wait some more.
guardian says to (13:09:38):
"The process of replacing the currency will be three stages of the first printing of new currency" we are out of the first stage correct? or did i miss something?
TrainMan says to (13:10:08):
Don't we all agree it has been printed?
Just not distributed.
guardian says to (13:11:12):
now this article says: phases, the first included the identification and purchase of equipment and the necessary equipment and completed the start of this year
TrainMan says to (13:11:33):
They've done that too.
Med says to (13:14:29):
WE ARE IN PHASE II
OFFICIALLY GUARDIAN
SORRY MY GRANDSON SHOWED UP
I HAVE TO BABYSIT
guardian says to (13:14:50):
i know, but you said parliament has to approve the low denoms
they are already printed
Med says to (13:14:58):
THE DRAFT TO PRINT
NOONE KNOWS FOR SURE
IF THEY ARE OR NOT
IT WAS ONLY AN ASSUMPTION
BASED
ON SALEHS COMMENTS
LAST YEAR REMEMBER
IN THE EARLY SPRING
HE SAID THEY HAD ENOUGH SMALL DENOMS TO START
BUT NOW
DID HE MEAN
AS IN 1000 AND BELOW
OF WHAT IS NOW CURRENT
OR THE ACTUAL NEW DENOMS
guardian says to (13:16:17):
right we don't know
Med says to (13:16:21):
CUZ HE CHANGES LIKE A **BLEEP**
RIGHT I AGREE
guardian says to (13:18:15):
Jubouri said, "The process of replacing the currency will be three stages of the first printing of new currency" so i was thinking first phase first stage done
thanks for clearing that up
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