This was sent to me in an E-mail , this is a great read and this was put together by other Dinar Folks like US! Great Job TY

What are the results out of Iraq from Chapter VII?

Sun Jul 28, 2013 5:10 pm
What are the results out of Iraq from Chapter VII?


Intelligent loyal Khalidi
Monday, July 29, 2013

Official sources said Iraqi and Kuwaiti in the first months of this year near the exit of Iraq from Chapter VII of the Charter of the United Nations as a result of continued formal talks between the two parties on the subject. He predicted the Kuwaiti side to be achieved by the year 2014, while expect the Iraqi side in 2015 after the payment of all damages imposed by the United Nations after the invasion of Kuwait in 1990. The value of this compensation payment of $ 52 billion Iraq which so far 41 billion and 11 billion remained to be paid in full by 2015. But after the visit of Prime Minister Sheikh Jaber Mubarak Al-Sabah to Iraq in June 2013, and signed with the Iraqi side, a set of political agreements, economic, cultural and environmental factors that were considered طويا to the last page in the form of fully informed Kuwait, UN Secretary-General Ban Ki-moon what has been achieved of the progress of the transfer of Iraq from Chapter VII to the sixth item.

On June 27, 2013 received the Security Council on this matter decided in the light of removing Iraq from Chapter VII, and provides for the latter to allow the United Nations to use military force against the State that it considers act in a manner detrimental to international peace and security, in addition to economic sanctions and the freezing of funds and to prevent trade only minimum limits and cut diplomatic relations.

The question that arises here is: Iraq after spending 23 years under Chapter VII of the United Nations What are the consequences of this out? Change the status of Iraq's trade with other countries, especially oil exports, in great shape, if not entirely, after the occupation of Iraq in 2003. And eased restrictions on Iraqi funds frozen abroad, so it is not expected to result in an out of Iraq from Chapter VII of significant changes in these areas. Iraq has issued more than three million barrels per day and production is expected to increase after the completion of some projects under construction. But the volume of exports will remain subject to quotas established by OPEC.

The completion of the payment of compensation occupation of Kuwait, which currently stands at five percent of Iraq's oil revenues, فسيرفع ability الإنفاقية the Iraqi government will have a positive impact on the economy and the standard of living if used in the proper form, especially for developmental purposes. As for Iraq's non-oil exports are currently constrained by the size of the narrow domestic production. At the level of diplomatic relations between Iraq and other countries are governed by the security situation in Baghdad.

Some believe that Iraq would emerge from Chapter VII would be a positive impact on the exchange rate of the Iraqi dinar against other currencies. The restores the previous dinar exchange rate is 3.26 dollars. This belief needs to pause and draw the attention of those who think they can take advantage of through speculation on the Iraqi dinar.

Influenced by Iraqi dinar exchange rate since the beginning of the eighties of the twentieth century Bmatherin two main Iraq war - Iran, then the economic blockade in the early nineties, and the magnitude of pumping Iraqi dinar against the revenues limited foreign currency is eons exchange rate of the dinar against the dollar and other currencies. 



After the occupation of Iraq and to allow him to increase its exports of oil and lift the ban on frozen funds began the exchange rate of the dinar against the dollar but improvement is still low, it is now up to 1160 dinars to the dollar.

Stakeholders spoke more than a year ago, the Iraqi government's intention to raise three zeros from the right of the current price of the Iraqi dinar so that it is equal to the dollar dinars and 160 fils instead of 1160 dinars. 



So as not to hurt individuals who deal buying and selling and contracts and debts Iraqi dinar should haunted procedure of this kind law imposing divide the prices of goods and services, loans, deposits and leases denominated in Iraqi dinars 1000 also so as not to harm citizens or institutions of the state, whether they are creditors or debtors.

The contracts and commitments concluded they remain on the dollar value of agreements. Therefore, the improved exchange rate of the Iraqi dinar must be going through a political decision taken by the State and implemented by the monetary authority. Can not be once you get out of Iraq from Chapter VII. So I do not advise anyone speculating on the dinar now hoping to get a profit in the future because if the reform process took place in the manner described above will end the situation of no victor nor vanquished.

Even paying cash dividends reform be accompanied by better selection of a new exchange rate of the Iraqi dinar prove whereby toward currency boss كالدولار or a basket of currencies.Not recommended here to return to the exchange rate, a former 3.26 dollars to dinars because it overpriced and not in the interest of the Iraqi economy to return to it again, it hurts exports of non-oil and that potential exists great potential to increase and encourage greater import as may hurt local production.



It may be choosing an exchange rate equal to one dinar against the dollar is appropriate.


http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.faceiraq.com%2Finews.php%3Fid%3D1897574

This above was done on June the 28th and by Khalidi. Below shows Facts that VII did lift:
Security Council 
6990^th Meeting (AM) 

Unanimously Adopting Resolution 2107 (2013), Security Council Removes Iraq


from Chapter VII Obligations over Return of Kuwaiti Nationals


http://www.un.org/News/Press/docs//2013/sc11050.doc.htm




Mehma Deputy Khalil The parliamentary Economic Committee asserted that Iraq contracted with global c - Tue Jul 02, 2013 8:04 am


Mehma Deputy Khalil The parliamentary Economic Committee asserted that Iraq contracted with global companies to build infrastructure after emerging from Chapter VII.


7/1/2013 09: 23: 00



Mehma Deputy Khalil The parliamentary Economic Committee asserted that Iraq contracted with global companies to build infrastructure after emerging from Chapter VII.

The Rapporteur of the Committee, MP for the Kurdistan Alliance, mehma Khalil for PUKmedia, Monday 7/1/2013, that "Iraq will return slowly to normal position for a large and promising elements in the economy and the willingness of companies to enter the Iraqi market to a large lobe in Iraq."

Attorney Khalil pointed out that there are States in the region and in Europe built its economy on the Iraqi economy to its Iraq economic potential, human resources,emphasizing the need to overcome obstacles to investment and provide an attractive political climate and find a bank sector be able to absorb the economic potential of Iraq and provide security as well as climate change legislation to suit the current situation. "

http://131.253.14.98...px?Jimare=10360


Above he claimed slowly.

Mehma Khalil called Central Bank currency structure project - Sat Jul 06, 2013 6:50 pm


Mehma Khalil called Central Bank currency structure project

6/7/13 17: 07: 00


Mehma KhalilThe Commission has called parliamentary economy and investment of the Central Bank of Iraq, the need to delete the zeros of the Iraqi currency after the land was available and exit Iraq from Chapter VII, and the economy is expected advantages and the results summary of Security Council-imposed penalty.

The words of the Rapporteur of the Committee, MP mehma Khalil during a conference held Saturday in the presence of members of the Committee on the economy and investment, the Central Bank should start a currency structure as a purely economic issue.

The Attorney said that the Iraqi Constitution between the need to change and delete the currency required by the economic situation of the country, and the public good, for Parliament and the Government to support the country's economic identity, expecting to witness the coming budgets increase and prosperity after the investment companies to Iraq, noting that Iraq is not the only country to delete zeros from its currency, the preceding example States Turkey and Lebanon has succeeded in stabilizing the economic situation when deleted zeros from their currency.
Attorney Khalil pointed out that the draft is an old and zeros deleted were the objections of the Central Bank and the Government of Iraq requested that wait till an appropriate time and after coming out of Chapter VII all justifications and arguments over the implementation of this project.

In turn, the alaktasadet Committee member criticized Attorney Abdul Hussein abtan said project delays and the survival of the zeros in the Iraqi currency, and it is not reasonable that the Iraqi Central Bank reserves of 76 billion dollars and now dealing in thousands.

The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often.

Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fpukmedia.com%2FAR_Direje.aspx%3FJimare%3D10655



This is where and why not a instance RV after the VII lifting as it shows the aruguments between the Power Houses EC and FC.

The Exchange Rate of Foreign Currency in Economic Feasibility Studies 



The Exchange Rate of Foreign Currency in Economic Feasibility Studies 



Economic Feasibility Studies


Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.



Estimate the shadow price of foreign currency: 


1.It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.







* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.

In particular the following outputs and inputs of foreign currency were distinguished:


Export-outputs.
Outputs marketed locally that substitute imports.
Imported inputs. 
Inputs produced locally that usually go to exports. 
Foreign labor.

According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.

In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency .... etc.).

In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.




1.Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc. 



The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:


The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.


The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.


The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.


The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.


This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.



And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.




1.Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

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 the proof that after VII that there was and is a real rate. Now also in this piece you can see the settings rates for the WTO.

Defer reset the dinar project will cause the loss of the country billions of dollars annually raise 


Defer reset the dinar project will cause the loss of the country billions of dollars annually raise zeros currency be established before the opportunity to restore its influence in global markets 



BAGHDAD / Mohammed Kazem 

08/13/2013 



Puts the lifting of international sanctions on Iraq, the government in front of a historic opportunity to raise the value of the dinar to its highest level against foreign currencies, through the adoption of a bill reset currency, which will contribute to reducing the size of the money supply and restore confidence in the world where, because of the oil asset added to the balance of the Golden international banks. And contributed to conflicts

successive political and the crisis of the central bank to postpone pass a reset on the currency, which it was hoped to pass during the current year after completion of all actions related to the project, and the delay will cause the loss of Iraq to billions of dollars annually, while the Council demanded that the prime minister earlier in the central bank to wait project Deleting three zeros from the local currency, as a big project, and it needs enough time to implement it. A member of the Finance Committee, the 

parliamentary Abdul Hussein al-Yasiri: lifting of international sanctions on Iraq put it in front of the opportunity to restore the Iraqi dinar to its strength andسطوتهon the global market, including almost worth purchasing the former, which was more than three times the U.S. dollar, and descended by the imposition of sanctions, Chapter VII and printed the previous regime for the currency bad . Noting: that the end of the work of 

international sanctions and the existence of a new currency that will restore the Iraqi dinar to its previous value. He Yasiri told (Badr): possible to achieve a qualitative leap in the price of the dinar and its value in the trading markets global possesses all the ingredients to recover provided to strengthen the confidence of dealing it, through a reset on the currency and the adoption of international companies specialized print 

currency put the signs secret to prevent forgery, and this the situation will contribute to a great boom in the price of the dinar, and its value will rise gradually after reaching its peak during the period of a few. The Yasiri: The exit of the country from Chapter VII in the political side, contributed to the editing will Iraq and the economic side, giving Iraq's plenty of room in the important issues at the forefront of the banking industry and the Iraqi currency and foreign trade, as well as investment, where he could not Iraq that 

attracts investment companies During the previous period, and which was Taathab from working in Iraq as being located within Chapter VII, which pull the country's sovereignty, independence and كبله in all respects, particularly the economic side. He reported: Out of the international sanctions consequent recovery of the Iraqi economy, to possess the government the possibility of political that the investment and hiring in all areas of 

development and reconstruction, agriculture, tourism, industry, and if the work of Iraq in this area and allowed the private sector to play its role Vcentash Iraq's economy, and if this condition occurs the Iraqi currency will take the space required and will regain its former glory, adding that the Iraqi currency will be achieved her support through the sale of dollar Iraqi dinar by central bank auction, which has a direct impact, because the

forces of supply and demand works on the mechanism of the market set the price of the Iraqi dinar in dollars, Economists consider good and commodity value is determined capacity supply and demand. He pointed out: that the most important step in the restoration of the Iraqi dinar to power agreement the leaders of the political blocs to end the crisis suffocating experienced by the country, which will contribute to enhancing the security aspect, which will raise the value of the Iraqi economy, and works to attract 

investment and foreign companies to the country, as the budget This huge financial year, which amounts to 157 trillion dinars that will contribute to the strengthening of the purchasing power of the Iraqi dinar. A member of the Finance Committee representative: The procedures to be adopted to raise the value of the dinar against the major 

currencies, require that revives the government all sectors of production and investment to support the local currency, in line with the move reset currency, since that achieving abundance financial sectors of production and investment will strengthen stockpiling 

cash, finding Alternatives to Iraq's exports except rentier profits earned from oil exports, and the ability to be placed within the golden balance in global banks.


http://translate.google.ca/translate?hl=en&sl=ar&u=http://badrpress.com/&prev=/search%3Fq%3Dhttp://badrpress.com/badr/index.php%253Flang%253Dar%26biw%3D1088%26bih%3D479

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Finance Committee confirms the deletion of zeros from the currency in early 2014

September 5, 2013

Confirmed the Finance Committee, Wednesday, that the year 2014 will see the deletion of zeros from the Iraqi currency, indicating that the deletion will be in coordination with the Central Bank.

Said committee member Abdul Hussein al-Yasiri in a statement that “the process of deletion of zeros from the national currency will begin in 2014, through an agreement with the central bank,” noting that “this project will lead to reducing the proportion of the national currency traded from 4 billion to one billion.”

He added that “the size will be reduced to a quarter and this will enhance the value and easy to transport,” noting that “fraud or manipulation in cash currencies, it will be very difficult.”
The CBI identified earlier in the beginning of this year will see the implementation of the project to delete the three zeroes from the national currency, but the Iraqi government demanded the bank to slow down implementation of the project, fearing the emergence of counterfeit currency during the switching process.

http://translate.google.com/translate?depth=1&ei=WokBTPOiJZX4Na-tsTs&hl=en&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-USfficial&rurl=translate.google.com&sl=ar&u=http://hammurabi-news.com/viewcontent/%3Fc_id%3D10364





Now the above is from September and there is more that say Ahead of June 2014 as many of you have read and others that so Turki has stated in January 2014. 


Finance parliamentary: Central Bank told us lift it zeros the beginning of the 2014 currency - Today at 8:07 am
13:00 17/11/2013

Central Bank has submitted to the Finance Committee zeros currency beginning of 2014



Baghdad - and babysit - told the Iraqi Central Bank, the Finance Committee in the House of Representatives that he will try to raise zeros from the currency beginning in 2014.

Said committee member Abdul Hussein al-Yasiri in a press statement that "the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs to quarter, which coincides with the increase in the value of the Iraqi dinar."

He explained that "the Central Bank informed that he strives to accelerate the implementation of the project beginning in 2014."

Yassiri added that "the central bank demands to accelerate the application of the decision to lift the zeros, in order to reduce the problems that occur due to the continuation of the current currency trading" ... p / i

http://alrayy.com/97426.htm



Now this shows the FC and the CBI getting prepared.


Mr. and was attended by Undersecretary of the Ministry of Finance, Dr. Fadel prophet Osman head of t - Yesterday at 4:52 pm




initial supply of goods on the morning of 11/12/2013, and a number of representatives of the ministries to provide a file initial supply of goods to the WTO Secretariat and accepted by the organization

Tuesday November 12, 2013

The first of the goods on the morning of 11/12/2013 , and a number of representatives of the ministries to provide presentation file First of goods to the WTO Secretariat and accepted by the organization , which consists More than ( 7000 items ) divided between agricultural and non-agricultural as it shows that the intention of meeting Iraq's seriousness in joining the World Trade Organization.

Through this meeting was to discuss the subject of the use of the system ( new coordinator HS2012) Which requires effort and a long time for tabulation and classification of goods in the new tables because it includes ( 225 ) Amendment in the chapters and sections where Iraq that the initial offer was made in accordance with the Harmonized System .

Where the organization praised the efforts of Iraq in the preparation of this file and that this new system is Sophisticated and appropriate system and is used in all areas related to international trade and it is possible Possible inclusion of new items added to this system.

http://www.mof.gov.i...BannerNewsID=39

Here shows the WTO involvement. 

So, here is the opinionated speculation from the news since after the VII lifting while the FC and the EC have argued over the funds that has also been proven thru the news that had a major play in the Value Exchange not converting after the lifting but has been showed thru the email I sent last above that the rate has been converted and, a rate figured for the WTO as well. 

Then you see above how the CBI has said this will all be figured in the BUDGET. I know I know as there has been many budgets in the past and no RV as the guru's claimed but, this is this time and not of the past. The Budget is expected in January and if it gets done, I expect the zeros to start to drop many the smaller denoms should begin to come out as the larger zeros start to be taken out of circulation over the next 2 to 3 years as said many many times. 

Now, the further speculation is when this rate comes out, it will be the hard peg that will last 12 to 18 months meaning the dinar will not float or the rate change after the set until, the GCC comes into play as many before that will be out of this roller coaster. Those that are close to me or iI to them know that I will still be in the game to that time. 

Closing this opinion that I hope I have put together with enough articles (I wish I had more time to find the rest) to show that the "WHEN" window is between January and June of 2014 but, will begin when you see the zeros start to come off that will happen when the budget is in place. They may get the budget done but implemented until later which that will be the "WHEN". 

Last thought, this is IRAQ so watch this if you like and expect delays but stay true with the FACTS in your thinking and please, leave the gurus thoughts to the guru followers. Thats it, Good Luck to you all.