Question follow up: You say it is misinformation but why would Saleh refer to turkey

 

Please submit your questions to breitlingcurrency@gmail.com   I will post response on my blog

You say it is misinformation but why would Saleh refer to turkey and

their currency in his interview? That can’t be misinterpreted

Dear John

sure it can, how many times have we heard maliki say or give a promise

I mean that’s all we have been hearing from Iraq since I got into it three years ago

They say one thing and do something else on a daily bases, you have to understand the mid east mind set they have no problems promising something then waking up in a dif world the very next day .

This is why I am trying to steer people into the right direction, actions , body language, policy

We are watching policy, and following the money which is a complete opposite from the statement on the Dinar being equal to the turkish currency   

Great questions John and thanks again 

God bless, 

Breitling     

ANY QUESTIONS ? breitlingcurrency@gmail.com

Please all I set this blog up to answer all your questions about the IQD and the
Re- Denomination, Re-value, and also to maybe help lead you to investment ideas
Submit your questions to breitlingcurrency@gmail.com

Looking forward to hearing from you all. 

Warmest Regards, 
Breitling  

Questions and Answer: Please submit all questions to breitlingcurrency@gmail.com

Hi Breitling,

I have been following your chats on DD and I learned a lot from you.  I have diners that in my possession since 2003.  I have a question; maybe you could give me an advice.... Half of my Dinar is in Sweden and half is with me here in NYC.  For tax purposes, in the event it revalues, should I encase the Dinar here in USA?

Thank you in advance..

As an American citizen you should,  and then get a tax Attorney to help you with all your needs, you will be surprised how well a  CPA and or tax Attorney can represent you, please by all means don’t avoid any taxes your going to be blessed and you don’t need to be in the attitude to skimp on taxes when the times comes      

Please submit all questions to breitlingcurrency@gmail.com

Amazing to see all the wealth and the companies trying to get into Iraq

It is amazing to see all the wealth and the companies trying to get into Iraq to set up shop, and on the other end we have people saying this investment is fraud, how can it be fraud? I have already doubled my money I have physical Dinar and can trade it in anytime I want, I have gained double my value.    

Doubters need to get off the band wagon, the Dinar is going to revalue and Iraq will be opened to the international community, question is do you have enough foresight to take advantage of this opportunity.     

Iraq Oil record broken

Oil Ministry announced that Iraqi oil revenues for the month of March, a record since 2003 override seven billion dollars.

According to figures published by the ministry on its website, Iraq was 66.9 million barrels of crude oil in March earned him the revenues of 7.167 billion dollars at 107.31 dollars per barrel.

This is the highest monthly revenue that is recorded since 2003.

And return to the previous record in January 6280 where revenues reached billions of dollars.

FYI, from the people I talk to in the Oil business it will take about 5 years to get to full production

You all are sitting on the currency that will represent that wealth

Parliament discusses Bill Tuesday that US troops withdraw from the country

Sumerian news/Baghdad
Parliamentary sources said Sunday, the Iraqi Council of representatives during its 57th will discuss on Tuesday the first reading of the draft law on withdrawal of foreign forces in the security agreement signed between the Government of Iraq and the United States and the salaries of Deputies and the President and the first reading of a number of other laws.

The source said in an interview the cuneiform for "news", "the deputies will discuss at its 57th to be held at 10.30 a.m. on Tuesday, the draft law on withdrawal of foreign forces from Iraq under the security agreement signed between the Government of Iraq and the United States", stating that "the meeting will be also the first reading of the proposed law on salaries of Deputies and the President of the Republic".

The source said on condition of anonymity, said the meeting also will see, the first reading of Amnesty Law No. (19) for the year 2008 and the first reading of the draft law on the accession of the Republic of Iraq to the United Nations Convention on the rights of persons with disabilities, and reading the report of the investigative Committee on Mosul, report claims General veterinary contractors company, "adding that" the meeting will discuss the subject of non-degree career launch UNHCR staff.

Rose led by the Iraqi Council of representatives, in Al 18 of April, the 56th session to Tuesday, paring its experienced host chef financial oversight, and finish first and second readings of six laws.

And Iraqi Prime Minister Nuri al-Maliki in a statement, on Friday, stressing the capacity of the Iraqi security forces to assume responsibility and maintain security and work with professional and national, vowing to continue to strengthen their capabilities and abilities in combat through processing with modern weapons and equipment.

He accused comrades led by Muqtada al-Sadr, the current 9, Prime Minister Nouri al-Maliki, a number of politicians to give the green light to extending survival of American forces in Iraq, adding that the evacuation of u.s. forces from Iraq that prompted their comrades to participate in the political process and resort to peaceful resistance.

Earlier, US Defense Secretary Robert Gates urged Russia stationed while inspecting troops in the northern city of Mosul base Maryse, current 8, Iraqi officials to expedite prompt us to extend the partition of their troops after the year 2011, saying time was implemented in Washington.

And Iraq and the United States signed, during 2008, the strategic framework agreement to support Iraqi ministries and agencies in the transition from strategic partnership with the Republic of Iraq to the areas of economic, diplomatic, cultural and security, based on the strategic framework and reduce the number of provincial reconstruction teams, as well as providing a sustainable rule of law, including the police development programme and the coordination and supervision of Iraq report Relief and reconstruction.

Under the security agreement signed between Baghdad and Washington at the end of the year 2008 should withdraw all US forces from all the lands, waters and airspace of Iraq not later than 31 December next year 2011, the u.s. fighter forces withdrew under the Convention of towns, villages and townships of Iraq on June 30, 2009.

Iraq uses Monetary Fund debts, to close the file commercial Debts

BAGHDAD - Al-Hayat reported today that the Chancellor in the Iraqi Central Bank the appearance of Mohammed Saleh said yesterday that Iraq will use the International Monetary Fund to close the file commercial debts, after the end of the international trusteeship over the assets Iraqi government on June 30 (June) next, pointing to the that Iraq will be submitted to the Security Council a detailed report in May (May) next, presents the most important measures to be applied to protect the funds.

He explained that the committee set up by Iraq will set a legal study to develop a mechanism for coordination with the IMF to prevent any violation of such funds, according to the Paris Club agreement, which is an informal group of financiers from 19 countries, most notably the United States, Britain, Australia, Italy, Japan, the Netherlands, Germany and Ireland. وأشار إلى أن العراق سيستمر في تسديد الديون للشركات التجارية ورجال الأعمال وفقاً للإجراءات الدولية المتعارف عليها. He pointed out that Iraq will continue to pay off the debts of businesses and businessmen, according to the procedures of international standards.

The paper reported that the Central Bank of Iraq said on the sixth of March (March) last Baghdad that followed the high-level policies in the payment of debt economic implications, did not face legal problems.
. It was announced on February 23 (February) that Iraq had paid debts to three thousand and 500 commercial creditor, with a total value amounted to $ 2.7 billion, as a means to protect its assets from external manipulation of the trading companies.

The Iraqi Ministry of Finance reported on January 7 (January) the past that the work of the Committee to Protect Iraqi funds abroad will be secret, to avoid the fictitious companies which claim that Iraq owes them money.

. It was announced that a government committee took over the development of technical mechanisms to protect Iraqi funds in foreign banks, after the UN Security Council resolution mid-November (November) last show of protection for Iraqi funds from the end of next June.

The Security Council voted unanimously in mid-December (Dec) last three decisions, concerning the lifting of the embargo imposed on Iraq in the import of nuclear material for peaceful purposes, and the abolition of the program «Oil for Food», and the extension of immunity for the last phase of the compensation imposed under section the seventh through the end of next June.
. Were imposed on Iraq in 1990, sanctions from the international community, which included preventing the import of chemicals and nuclear technology that could be used in a secret nuclear programs, chemical and biological weapons.

And allowed the United Nations in 1995 for Iraq to sell oil in return for food, according to the Oil for Food.

Played down the Iraqi economic expert Majid picture of the seriousness of the consequences of exit from Chapter VII, and the end of the cover of protecting assets of Iraq, stressing that the Iraqi money was abroad at risk fabricated story to cover other domestic issues.

He said in press statements that the uproar about Iraqi funds abroad after exit from Chapter VII of the artificial cover that is guilty of corruption in the oil-for-food by the staff of the United Nations. ودعا إلى التركيز على مسائل أكثر أهمية، مثل التنمية الاقتصادية الصناعية والزراعية في البلاد. He called for a focus on more important matters, such as economic development, industrial and agricultural in the country.

Quick Fact

Iraq's Central Bank has managed during the past five years to reduce inflation rates from
34% to 3-4 % and stabilize Iraqi Dinar Exchange

Dinar Daddy visits w/ Breitling (Re-Denomination / RV Talk)

Dinar Daddy visits w/ Breitling (Re-Denomination / RV Talk)

you need to listen to this Interview it says it all

Want to thank Roger, for this opportunity, was a great interview.
I also want to thank Rudolph Coenen for his energy and his wisdom he has put into this investment.

Quick Fact

Back before Saddam started to inflate the currency the dinar was at a 3:1 exchange with the US Dollar
3 dollars for 1 IQD  they had 30 billion notes printed. 

"The reason its value had dropped so low was because of Saddam’s Inflationary monetary policy. In comparison, back in the '80s, before the Saddam Dinar came about, the rate of exchange was about $3 to one Dinar"   

 Brigadier General Hugh Tant,

Iraqi Dinar Back-Ground

The Iraqi Central Bank is planning to re-denominate the national currency in an effort to ease transactions and allow people to carry less paper money…

so The End goal in to have more value in the Dinar and less paper

 Historically relevant for us is the fact that the Dinar use to be allot higher then it is now $3

And they had about 30 billion Dinar notes printed that represented its value when it was at this rate

now mind you this is before the dif types of currency in Iraq started to get printed and you will understand this in a min when I quote the retired Brigadier General who was tasked on exchanging the Dinar for the NID the notes we hold now

People in the past have argued over the rate and inflation and all that garbage here is a quote from the Brigadier general who actually exchanged the currency out talking about the Rates and why  

“I lead the currency exchange program in Iraq. I was stationed in

Iraq from September 2003 to January 2004. The currency exchange program ran from October 15 2003 to January 15 2004.

Currency exchange was necessary for five reasons;

(1) Two currencies were in circulation, the old Swiss Dinar in the north and the Saddam Dinar in the Rest of the country;

 (2) Inadequate numbers of denominations existed, the Swiss

Dinar came in 3 denominations

 and the Saddam came in only two denominations;

(3) The currency was poorly made and easily counterfeited;

 (4) The Saddam Dinar had been devalued and the public had little trust in it;

(5) The presence of Saddam On the currency was inappropriate.

But, in the great majority of the country, they had the Saddam Dinar with Saddam's face on it.

There were basically only two denominations of that: there was a 10,000-dinar

Note, which was worth about $5, and there was a 250-dinar note, which was worth about 12.5 cents, 12 cents.

The reason its value had dropped so low was because of Saddam’s Inflationary monetary policy. In comparison, back in the '80s, before the Saddam Dinar came about, the rate of exchange was about $3 to one Dinar.

But because of Saddam

There was now a total upside-down situation where one dollar was worth about 2,300 Dinar. ”

Here is another quote 

" Now, with the new dinar, we have six denominations for the people. I understand that they're going to reestablish some coinage and perhaps two additional denominations, giving them a total of eight denominations plus coinage to continue progressing the currency situation.

But, of course, my team and I, we dealt in the six new denominations.

The cost to produce the currency was approximately six cents per note,

End up being a 200 million dollar operation

All of the currency was produced outside of Iraq, in Kenya, Sri Lanka, Malta, Germany, Great Britain, and Spain. These various printers produced the currency under De La Rue. They were provided plates and a mission to perform a certain portion of the currency. All of the currency was then taken into England and flown into Baghdad from Manston" .

So now we have back ground wise, the Brigadier General in charge

*Stating why they changed the currency

*How much the rates were in what time frames

*And how much the operations cost.

*Where the currency was printed. 

Reason I post this, you need to understand how they are using policy to get the numbers down
on the M2

Remember the over all policy, less Notes more value