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****** 2-23-2012 SPECIAL UPDATE: It Appears parliament officially PASSED the BUDGET today!! :) Next stop Maliki's desk?
The Iraqi Budget MAY have been passed today..No official announcement from the GOI that the budget has been passed just yet--As always, we'll let you know when it is official!! :) ******** 2-23-2012 Guru Bulldog75 LATEST INFORMATION SHOWS THERE IS A TEMP HOLD ON THE RELEASE. THE SYSTEM IS LOADED AND HOT. ALL SYSTEMS ARE GO. THIS CAN POST AT ANYTIME. NO ONE KNOWS THE EXACT, DATE, TIME, HOUR. 2-23-2012 Guru TerryK WHAT DID I TELL YOU HAD TO HAPPEN... POSTING IN THE GAZETTE RIGHT...IT JUST SHOWED UP...BUDGET IN THE GAZETTE. 2-23-2012 Guru Studley I will be shocked if this takes more than 24 hours to appear, but as always, I am cautious because of how easy it is to delay this monster event...I am not shocked by anything in this event...anything is possible...it is all good...there is no bad news that I see... this is not a normal reval...this is a global reset that will change the fundamentals forever. 2-23-2012 Guru Kaperoni [Post 2 of 5] Quote...“activation of tariff law will contribute to improving markets and make it a solid competitive markets to world markets. " Bam! There we get the punch line. This single step will open the door and improve the markets…making them competitive and to be able to join the world markets. Wait….how no tradable currency?….You are starting to see how tariffs and currency go hand in hand? Next quote…“It was hoped to be activation of the Tariff Act in March after it passed the House of Representatives.” There you have it. The second reason to be very optimistic this RV will occur very soon. They want to implement this in March 2012. 2-23-2012 Guru Jonnywg it will be a good day...we feel it will not got to the weekend. 2-23-2012 Guru Med THERE IS NO WAY THAT CBI IS GOING TO HAND OVER THE DATE, THEY CANT, NO ONE IS THAT STUPID. ACCORDING TO THE ARTICLE...PHASE II BRINGS THE EXCHANGE RATE WHICH THEY SAID IS 6 MONTHS LONG, WHICH STARTED IN EARLY JANAURY. 2-22-2012 Guru Adam Montana [Post 3 of 3] the next article that's out right now...is found on...Iraq-Business...doesn't make sense, it's a ICB report on the projected GDP. they are saying they expect the GDP to grow by 9.X% per year over the next 5 years...not counting the oil sector...they say including the Oil Sector, the GDP should grow at about 12% per year and the numbers they quote are funny... "we expect the GDP to grow to 360 billion from 170 billion where it currently is"...once again, the things coming out of their mouths simply don't make sense even at the "higher" number of 12% growth per year, they won't make it to 360 by 2015 at that rate, so, if they are saying the new denominations are going to hurt the economy and then turning around and saying that GDP will increase from 170 to 360, but they aren't telling us where the rest of that growth will come from and we ALL know that they've said over and over that the Dinar should be equal to the Dollar and they expect to "increase the value"... we can't trust a dang thing they say, but I do believe that one way or another, we will SEE some movement very soon. 2-23-2012 Guru Poppy3 Man great news coming from everywhere...Erbil being ruled on today. The meeting we had been told to do all this was scheduled for next mon but is going on today. I am told the budget has been opened and it surely contains our rv. Since their holy day is tomorrow and today is over there, i am anticipating the rv to hit us early next week unless some unforseen problem arrises. i am also hearing unconfirmed details that the imf has agreed to some new rate a little above the former agreement from last oct...we will get just a little more than the rate that kuwait is at now. The budget should be according to figures around $3.41 so if they have now still allowed the up to 20% more for inflation, just add 20% to the budget and that will give the range, but keep in mind this is just a guess at this point. 2-23-2012 Guru Bulldog75 THIS SHOULD HAPPEN AFTER 12 NOON TODAY AS PROJECTED BUT BEFORE MIDNIGHT CST, IMHO. CHINA HAS TAKEN ACTION TO PROTECT THEIR NATION AND THE CITIZENS OF THE USA (WHICH PROTECTS THEIR/CHINA INVESTMENTS). THERE ARE MORE RESIGNATIONS AND ARRESTS OCCURRING AT THIS VERY MOMENT. YOU WILL NOT SEE THIS IN THE USA NEWSPAPERS. LOOK AT OTHER COUNTRIES NEWS NOW. WATCH THE WORLD NEWS (NOT USA SOURCES) FOR THE REAL TRUTH. 2-23-2012 Guru Kaperoni [Post 1 of 5] Maliki says the Baghdad summit will open a “new phase” with the Arabs. Baghdad is ready to host the summit...I want you all the see the significance of this event. The grandness of it. Clearly the importance of the event is not only to the Arab world, but to Iraq...they would be fools to not just host this event, but to have a worthless currency to boot...keep in mind how proud these people are. They need the RV before the summit...so we all know the Arab Summit is vital and important. ["continued in post 2...stay tuned"] 2-22-2012 Guru Scooter [post 4 0f 4] The banking reform alone was originally scheduled for June 30th 2010, the original MOU was written in 2007...one of the problems for example -- the banks can't find enough qualified young people that can read and write...the banking sector needs not only hard capital but educated human capitol...Accounting standards are 40 years old. 2-23-2012 Guru Bluwolf everything is falling into place, we are in a very good position to receive this blessing, there will not be any other interventions, we are now free to receive shortly. 2-23-2012 Guru Footforward Thursday, February 23, 2012 15:58 [Baghdad - where] Congress voted on a financial budget for the current year within the budget bill in 2012. they wouldnt have this out in articles if it wasnt official, the article is very clear. the budget has been PASSED. no way you can PASS the budget if the GOI isnt seated. this is proof of the GOI being in place...with this announcement we should be on a min to min looking for this. 2-23-2012 Guru Studley your governement is playing hard ball with the chinese, and the chinese have had enough, they can bring down the US markets, and if this doesn't happen soon...they will start causing pain for the US. we are moving through the process, all good news, I don't see obstacles. I have heard there will be 72 hour cool off period where most people will not be at the banks, whether it comes to fruition is another story. got great news from sources round the world...we are waiting for it to play out. 2-23-2012 Guru Mike [Post 2 of 4] CBI is continuing to educate there people putting out articles on a daily basis to let them know this is going to happen...that it will be very smooth with no bumps in the road. They will be able to go to the bank to exchange their currency...you will be able to get your currency and this is what you should expect to get...and here are the denominations that are out there. we believe they are in the process of doing that right now and that they are way into the process. They Finally told them that their dinar is worth money...their reserves are worth money to hang onto it. we should see articles...over the next few days so they can start to get ready...starting to tell them how to go and exchange it...where to go to exchange it. ["continued in post 3...stay tuned"] 2-23-2012 Guru Jonnywg based on my intel, and gut feeling I do think we will see a high rate to start...it doesnt matter what the budget rate is. thats the long term rate. we are more intersted in the short term high rate...ive heard the 2012 budget is higher then 3.41 rate....so. should be at least [$7.47]. from what ive been told, but we will only know when it shows. im not sure how long the high rate will last. i dont expect it to be very long...we should be ready to see this right away. 2-23-2012 Guru Bulldog75 CHINA ACTUALLY WANTS WHAT IS BEST FOR THE WORLD ECONOMY RIGHT NOW. CHINA HAS TOO MUCH INVESTED IN USA AND EUROPE TO LET SOMETHING SPOIL THE BASKET OF APPLES...ALL DOCS IN ORDER. RATES NOW BLINKING BACK AND FORTH LIKE DIGITAL COUNTERS...RI IS BACK BECAUSE USA WILL NOT SIGN OFF. USA WANTS MORE BANG FOR THE BUCKS. CHINA WANTS IT OVER OR ITS GONNA COST CHINA MAJOR BUCKS. ANNOUNCEMENT IS AT CHINA'S CHOOSING AND ON THE BASIS OF WHAT THE USA/UST CHOOSES TO DO BETWEEN NOW 11PM CST TONITE [WEDNESDAY] AND 12NOON CST TOMORROW [THURSDAY]. THEIR ARE NEGOTIATIONS STILL TAKING PLACE. WE WAIT.
2-22-2012 Guru FreewayBill We have received information that the "short lived" rate could be as short as 72 hours and as long as 5 days...Let's hope for the best!!!
2-22-2012 Guru BellaGrits LATE BREAKING NEWS: IT IS REPORTED THE ISSUES BETWEEN USA, CHINA, IRAQ, AND THE IMF HAVE BEEN RESOLVED. WE EXPECT A "LIVE" RATE IN ONE OF TWO WINDOWS...5 AM EST + OR 2PM EST - 10PM EST TOMORROW. WE WOULD SUGGEST THAT YOU BE PRPARED FOR THIS INITIAL RATE TO BE SHORT-LIVED. 2-22-2012 Guru Jonnywg today more intel was available than there was in the past week. it seems there is quite a bit of conflicting info on here but the fact is that at the time of release it was true...things have changed so much...little details only so do not panic...that there is a sense of confusion...i will stick to the basics...we strongly feel that the rv is poised to reveal itself tonight...many conflicting indicators but i remain the same...we only have 12 hours to find out...the bank screens will reveal at 11 am est...please note that the rv and its process can end anytime...it could be in 1 hr or 11hrs...no one knows. 2-22-2012 Guru Adam Montana [Post 2 of 3] Reuters reports that the plan to remove the 0's and introduce new currency denominations by September of this year has been adopted, even though the government is balking at the idea. Several people have stated that this move would hurt the economy, but that's absolutely silly, if they introduce new notes and use them side-by-side, there is no change in value so it won't hurt the economy, so that statement is basically smoke. ["continued in post 3...stay tuned"] 2-22-2012 Guru Ray Just got off the phone with one of my contacts...and he said that the President of the IMF was on Iraqi Media TV and was saying that the IMF has finished and signed all the documents to revalue the Iraqi dinar. The documents have the rate in them. They are sending these documents to the CBI and to all the banks in the world. This is huge news. The rate is now going out worldwide. We are getting very, very close now. 2-22-2012 Guru Okie_Oil_Man TODAY HAS BEEN THE MOST INTENSIVE SENSITIVE INTEL DAY THAT HAS OCCURED IN MY 8 YEARS OF BEING IN THE DINAR DRAMA. THERE ARE SO MUCH SECURITY INVOLVED TODAY THAT THE DETAILS I KNOW EACH WANT TO KNOW IS NOT PUBLISHABLE. LET ME SAY SIMPLY--BE ON THE HIGHEST STATE OF ALERT TONIGHT AND POSSIBLY RUNNING INTO TOMMOROW THAT YOU HAVE EVER BEEN. PLEASE READ THIS FOLLOWING SENTENCE WITH UNDERSTANDING---THIS WILL BE MY LAST PRE-R/V POST. MY THANKS AND LOVE AND PRAYERS ARE FOR ALL OF YOU---KEY WORD HERE IS---K E E P A L E R T!!!!!!! NUFF SAID. 2-22-2012 Guru Med WHAT DO WE REALLY KNOW AS FACT? IT IS PRETTY MUCH ACCEPTED THAT THEY ARE COMING OUT 1 TO 1...WE KNOW THEY ARE RAISING THE ZERO'S FROM THE NOMINAL VALUE...WE KNOW THEY HAVE CALLED IT REVALUATION DELETING THE ZERO'S, SO WE KNOW THAT IS COMING...WE KNOW THAT THE FINANCE COMMITTEE HAS ENDORSED IT...WE KNOW NEW CURRENCY IS BEING PRINTED AND COINS ALSO...WE KNOW CBI BOUGHT MILLIONS IN DE LA RUE EQUIPMENT...WE KNOW THAT THEY ARE USING 3 PHASES TO IMPLEMENT...WE KNOW PHASE I IS OVER, SO KNOW WE HAVE TO BE IN PHASE II...WE KNOW A DRAFT TO PRINT WAS SUBMITTED TO PARLIAMENT FOR A VOTE...WE KNOW THAT IT WAS READ TWICE AND IS NOW WAITING FOR THE FINAL VOTE...SO THAT IS WHAT WE KNOW AS FACT 2-22-2012 Guru Doc [Post 2 of 2] We are not overly concerned with the exact timing knowing that the goal appears to be to have the dinar as the "hard" currency of Iraq going into 2013. To do this the LDs need to be distributed and the country de-dollarized. We know this occurs around $1.13 from published studies. The $64 question is how long will it take. From other articles we maintain Shabibi would like to see 3 months minimum but most likely 6 months of the LDs in place at the RV rate to purge the 000 notes. Our opinion is we are seeing Shabibi and company becoming more vocal to ensure Parliament gets it done within the timing the CBI needs. Are [we] on an hour by hour watch - No! We still heed Parliament to act ! We report, you decide. 2-22-2012 Guru Scooter [post 3 of 4] do you realize that Agriculture was once a bigger contributor to their GDP than oil, AG was running at 37% of their GDP, well ahead of oil...imagine that country when they diversify and their middle class forms, great growth engine right their...consumption will sky rocket... they can dominate, but they need to get their act together. ["continued in post 4...stay tuned"] 2-22-2012 Guru BellaGrits the information has been running like water...things look great. It appears China and the United States have managed to work out their differences...and it appears an agreement has been made...what a great day for us!!!! The bank screens are rolling numbers and alternating going blank...very irregular...Today has been a very productive day. 2-22-2012 Guru Bulldog75 LEGARDE IS 'ON GUARD' TO PUSH THIS THROUGH WITH CHINA'S HELP. IMHO/SOURCES SAY, CHINA WILL PROBABLY HAVE A MAJOR ANNOUNCEMENT 'TODAY OR TOMORROW WHEN ACTIVATION TAKES PLACE'. CHINA IS IN THE DRIVER’S SEAT. VND DONG IS STRONG. IQD RI OR RV WAIVERS PENDING UST/CHINA DECISIONS. WE WAIT. BUCKLE UP. THIS WILL HAPPEN. 2-22-2012 Guru Mike [Post 1 of 4] Shabibi went to Parliament today... Announcement was posted on the Iraqi Government website. He had a sit down with the Finance Committee with whats going on with the economy and how they are going to get things done...talked about how they are going to delete the zeroes which means they are going to put out new currency...that they have a timeline out there...Parliament believe it needs to be as strong as a dollar and they are on board with everything that these guys are doing and moving forward. And Parliament for the first time in a long time are finally understanding what it means to delete the zeroes. That they are going to add value to the Iraqi dinar and not subtract value from the Iraqi dinar. They no longer believe it is going to hurt the economy...that its going to help the economy. That is a MAJOR MAJOR stepping stone. ["continued in post 2...stay tuned"] 2-22-2012 Guru Adam Montana [Post 1 of 3] the budget is STILL not approved but they are voting on it either tomorrow or next Thursday, what they are looking for is a removal of topic #25 which dealt with the Development Fund, it shouldn't be a big deal, but the timing is suspect...we have MP Nuseif urging Kuwait to take Maliki's visit SERIOUSLY. Advising them to consider this one of their last chances to work things out civilly before taking the matters to (basically) a "world court"...the items to work out are Chapter 7, that Port issue, and the borders. All very reasonable requests that should have been attended to long ago, but now the hammer is coming down, this is a good thing! Keep in mind this is happening NOW and they are "supposed" to vote on the Budget by next Thursday but the timing of the matter leads us to believe that they could actually vote on it tomorrow, either way, it will be on a Thursday. ["continued in post 2...stay tuned"] 2-22-2012 Guru Doc [Post 1 of 2] There is a lot of great information in the media coming out of Iraq right now. Budget vote is supposedly Thursday now. There is a full court press to get out of chapter 7 and into IMF article 8 status. There are lots of articles about deleting the zeros and completing that phase of the new currency project. Some articles suggested completion by June while others say September. One article we found extremely interesting was the CBI stating the new currency would be the basis for the 2013 budget. Other articles talked about loan reform laws being passed which were not on the original published schedule of Parliament. What does all this mean? We conclude that the things needing to be in place are being addressed. ["continued in post 2...stay tuned"] 2-22-2012 Guru Studley NO ONE IS GOING TO BE SURE UNTIL WE SEE AN OFFICIAL RELEASE. This is the most manipulated investment in history... There are so many moving parts and characters, the issues are many as well...currency plays are not an exact science...no one will know for sure...all agencies are on alert and every big player is making this happen. The problem, as always, is there are people with power who can cause problems...I believe we are in a great spot, but until we see it, I will be very cautious about what I say. 2-22-2012 Guru BGG unless there is some immediate radical turn of events this is the process I envision taking place - Maliki is simply attacking too many Sunni gov't officials for this to go any other way. It's starting to look like a political genocide over there. So that's it - Maliki out....interim in, National Meeting, Ministers and GOI seated...probable RV sometime along in the process - done by March 21st. Of course, I don't make a crummy little prediction - I went big on this one lol... All wrapped up by late March. 2-22-2012 Guru Scooter [post 2 of 4] they have enough wealth with oil -- but their market capitalization is way below the norms, for example, look at Jordan -- about 250% to 300 % of their market cap...Iraq, 2.40%., roughly...they've got alot of growth and their demographic is excellent too, a large percentage of their populace is ripe for the working they just need to build capital and build it fast, then diversify that economy by 1000%, that's my biggest concern. ["continued in post 3...stay tuned"] 2-22-2012 Guru Cap1 GREAT DAY FOR AN RV. THERE IS ALOT OF GREAT THINGS HAPPENING BEHIND THE SCENES TO BRING THIS BAD BOY HOME...FROM WHAT I'M HEARING IS BY TONIGHT. THE BUDGET FOR 2012 IS SUPPOSED TO BE READ IN IRAQ ON THEIR THURSDAY. SHABIBI IS ALSO ADDRESSING THE PEOPLE CONCERNING THE NEW VALUE OF THEIR CURRENCY...AND WITH SHABIBI SPEAKING WITH THE CROWD, IT SOUNDS VERY PROMISING. 2-22-2012 Guru Poppy3 JUST GOT OFF THE PH WITH SOLID CONTACT AND NEWS DIRECT FROM BD...HERE IS OUR STATUS. ALL AGENCIES SUCH AS IMF , WB, BIS, UST ETC ARE READY AND HAVE INFORMATION REQUIRED FOR THE RV EXCEPT THE GO AHEAD FROM THE GOOD DR. HE...IS HOLDING TILL THE COMPLETION OF THE NATIONAL CONFERENCE. HE WANTS ALL THE TRIBAL BLOCK LEADERSHIP TO KNOW ALL THE CONCESSSIONS AND AGREEMENTS THEY HAVE MADE TO BE MADE PUBLIC TO ALL CONCERNED. ONCE THIS HAPPENS HE WILL RELEASE. THIS MEETING AS WE HEAR TODAY HAS NOT BEEN SCHEDULED BUT COULD BE AT ANY TIME. HE COULD RELEASE PRIOR TO BUT AS I SAID THEY ARE NOT EXPECTING HIM TO DO SO. 2-22-2012 Guru Bulldog75 THE UNITED NATIONS HAS NOT UPDATED SINCE THE 15TH. LAST UPDATE IS THE 1ST FOR THE U.N. WHICH IS VERY UNUSUAL AND EXTREME FOR THEM. WE HAVE HAD A TEMPORARY HOLD ON THE RV DUE TO MANY REASONS. THOSE WILL BE DISCUSSED TOMORROW [WEDNESDAY]. THIS WILL DOMINO MUY PRONTO. WE ARE GOOD AND THE TRAIN STILL COMES, SLOWLY BUT SURELY. 2-22-2012 Guru Scooter [post 1 of 4] Follow the game plan folks -- The IMF CR's, World Bank DPL, and the latest laws being passed by parliament. I think there's an abundance of information that we aren't seeing, for example, who are the proxy countries supporting this RV. Why hasn't Iraq privatized those SOE's, State owned enterprises, that's what will fund the governments liquidity...those are my questions but nobody but just a handful of people really know, JMO. ["continued in post 2...stay tuned"] 2-21-2012 Guru Bulldog75 THERE WAS ONE DOCUMENT HAND CARRIED LATE LAST NIGHT FROM BAGHDAD TO THE BIS; THEN CARRIED TO THE IMF; THEN PRESENTED TO THE UST. THEN THE NUMBERS WERE LOADED INTO THE CORPORATE BANK SCREENS LATE LAST NIGHT. THATS WERE WE ARE. WE ARE AWAITING ACTIVATION RIGHT NOW PROVIDING THERE ARE NO MORE ADDENDUMS TO BE ADDRESSED OR SIGNED. RATES ARE HOT.
2-21-2012 Guru FreewayBill Look through tonight into tomorrow and you should see great things...Caution as we have seen this activity before again and again. The big difference is that the Chinese invasion of diplomatic groups are here...They are BAAAAAAAACK...and they don't seem to want to leave without the RV done...Lots of things happening, read your papers tomorrow and watch your TVs...Our blessing is coming in with a great deal of distractions. 2-21-2012 Guru Cap1 I WILL TELL YOU THAT EVERYTHING IS LOOKING FANTASTIC FOR THE NEXT FEW HOURS. THERE IS REALLY NOTHING ELSE TO SAY. 2-21-2012 Guru Bluwolf There is nothing else to share for all has been told, we are just waiting for a phone call PERIOD...this is the real deal period. We are just waiting for a phone call period, the rates will be high period. 2-21-2012 Guru Angelquest I HAVE BEEN TOLD THIS WILL GO THIS WEEK... WHEN? I AM NOT SURE. SUFFICE IT TO SAY IT WONT BE THE TIMES WE ARE ALL PLANNING ON...I FEEL IT IS RIGHT HERE AND WE ARE BREATHING IT...WILL WE WAKE UP TOMORROW AND SEE IT? NOT SURE BUT I DO KNOW I HAVE BEEN TOLD ANY MINUTE....AND THOSE THAT ARE STILL LOOKING AT THE IRAQ ARTICLES...STOP IT ALREADY YOU WILL GO NUTS...IT IS DONE IN IRAQ. 2-21-2012 Guru BellaGrits WE HAVE CONFIRMED, BY REQUEST, DOCUMENTS WERE INDEED DELIVERED FROM BAGHDAD TO THE IMF, THEN TO THE BIS (NO CHANGES CAN BE MADE BY THE BIS); ADDITIONALLY, APPROVED BY THE BIS AND THEN SENT ON TO THE US TREASURY. AWAITING RATES TO BE POSTED AT THIS TIME TO THE CENTRAL BANKS OF THIS WORLD...ULTIMATELY, WE AWAIT NEW RATES TO APPEAR ON THE BANK SCREENS OF THE US BANKS. 2-21-2012 Newhound Guru Mike [Post 6 of 6] I think we are going to hear more and more progress daily...CBI is poised to go ahead and do what they need to do...really need the government to get it together...Get the people the money they deserve...Get the value in the economy so they can get themselves moving along ...Get the people excited about their country and not about violence and everything else that is going on. They have a tremendous opportunity on the world stage if they can get themselves together for this Arab summit...We are Seeing a bunch of events coming together on the world stage benefitting them from this standpoint which is why you are starting to see probably a sense in urgency in the Parliament to get things done. 2-21-2012 Guru FreewayBill Shabibi made a speech this morning in Iraq and discussed the budget and that things have to get done! So we wait...but do not fear as our blessing is coming very SOON...Shabibi making that speech is HUGE...Means he knows it is about to come DOWN. 2-21-2012 Guru Jonnywg just talked to one of the major 4 banks in usa in texas. They closed the doors at 12 central for a 10 minute meeting. The bank is on high alert and expects the bank screens to post a rate today...ALSO ADVISED THAT THERE HAS BEEN ACTIVITY AT BIS, IMF AND UST...INFO NOT DISCLOSED...WE ARE TODAY AT THE CROSSROADS AND I FULLY EXPECT ACTION OR INTEL OR INFO OR AN RV...BE ON HIGH ALERT. 2-21-2012 Newshound Guru Mike [Post 5 of 6] Most of the issues with Kuwait are moving forward...I dont want to say it is a done deal...but pretty much it is a being a negotiated deal behind the scenes...Kuwait will let them out of Chapter 7. That will happen in this process of the dominos falling probably once they come out and get themselves a recgognized govt and that everybodys together...all very happy and moving in one dirrection. ["continued in post 6...stay tuned"] 2-21-2012 Guru Ray [Post 3 of 3] The CBI has started...getting the word out to the people. People in Iraq are hearing these announcements...The word is now going out and pretty soon it will be everywhere. the best part of his announcement ...He said that he would rv in September...he gave Maliki a drop dead date on when he would pull the trigger...if Maliki gives the go ahead before then, he will rv then. This is huge, we now have an approximate rate and a definite drop dead date. Word on the street is that it is going to happen a lot sooner than September...this ride is about over. 2-21-2012 Guru Ray [Post 2 of 3] He [Shabibi] told the people the new dinar will be accepted in all the world. He also stated that the 2013 Budget would be in the new dinar. This is huge. We now know the rv will definitely happen before the 2013 Budget is revealed. He actually said that the new dinar would be greater than the 1978 rate...the rate was $3.22 in 1978. He also stated a year ago this month...that the rate would be at least $3.22. ["continued in post 3...stay tuned"] 2-21-2012 Guru Ray [Post 1 of 3] Shabibi held a news conference in Baghdad. He had Saleh along with four or five on the finance people from Parliament. He talked about the new dinar and the change that is coming soon. He talked about dropping the three zeroes...and listed the new denominations...1/4, 1/2, 1, 5, 10, 25, 50, 100 and a 200 dinar...also coins. the CBI has shipped out all of the dinar to the banks...They are in storage...awaiting for Shabibi to give them the word to start exchanging. ["continued in post 2...stay tuned"] 2-21-2012 Guru Bluwolf according to all our good sources everything seems to be alright and we should be in the verge of recieving our blessings. When is the million dollar question but for your comfort we are now on a minute to minute timeframe and that says it all. *** Are you on the official RV ALERT List?? *** What are you waiting for? 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