News, Intel, Rumors and Opinions - October 14, 2014

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

http://www.dinarchronicles.com/intel

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tman23:

Another simple fact is Iraq's Budget involved oil at NO LESS than $90 a barrel. Today Iraq needs more income for salaries and infrastructure...Cut world oil production and you get $100 a barrel but less barrels...keep production the same and increase it and your likely well below $90 a barrel. 

So to import and build infrastructure you need international purchasing power...And it is of no benefit at 1166, no benefit to purchase in petro dollars. 

IQD 1-1 with usd is no benefit.

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If we research history in regards to the CBI lifting the zero articles they always stated the first of the year or June (the second half of the year) and very specific to say not in the middle of a quarter...That being said; the CBI appeared ready to initiate this project way before the latest round of talks about market economies etc..etc..etc.. I think they put their backs against the wall and have to RV now they have no choice.

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This information is third party but I believe to be trustworthy and accurate. As stated previously Jabouri and Ismail were reported to be in Switzerland and Jabouri is confirmed in ink... Ismail was there and it is being reported that meetings took place in which part known to include the release and transfer of funds being held that were frozen belonging to Saddam's regime (family members)...IMO...It appears that Iraq is collecting and finalizing the accounting of all it's assets.

IMO, If we follow what Abadi is doing according to ink, he is doing a complete accounting investigation of the GOI and it really appears to be a priority. 

The General Secretary of CoM met with a World Bank representative as well on the same day Jabouri met with Ismail inquiring about the 3 zeros. 

These 3 events are facts and reported in ink. Associate these 3 facts with an article that the Kurds want the 3 zeros lifted, the Kurds are growing faster and have investors sitting on the sideline ready to go. 

The Kurds finally agreed to participate in the Central Government...IMO, I don't see Iraq opening the year 2015 with 3 zeros...We know for a fact Barzani doesn't want 3 zeros.

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Kaperoni:

my news is from the CBI...here is what is going on in the CBI. 

I am sure most read the article yesterday saying the CBI is ready to engage the banking system with the world and the details in that article are really blunt...probably the most blunt we have ever had...well that same information was reiterated today on TV stating "considerable progress in reforming the banking system in Iraq"...but the real news was..."the CBI is compliant with all requirements of international regulatory agencies" which is very important and implies they are also compliant with the IMF. 

if true they technically could move to Article VIII anytime...but again, i want to mention the ISIL problem but this was very clearly stated today. 

we are getting closer. 

we have seen over and over that stability is important at the same time we must look at the urgency of Iraq to move to a market economy.

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TerryK:

WORD I GOT IS CHINA IS PUSHING HARD FOR THIS TO HAPPEN WED NIGHT...YES I SAID CHINA.

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SteveI:

There are so many unknown factors that keep coming into play that it is impossible to second guess anything with a certain point of accuracy. Some say the budget of 2014 is derived from a new rate, some say it is not, I guess we will all have to just sit back and let this play out.  Remember with the 2014 being so late in the year, it just may wait until the 2015 budget is processed. Until Iraq actually does this, no one is right or wrong until proven differently. There are also many that say that a rate change will not happen until the ISIL fighting is under control.  

That is left to be seen. So many things change on a daily and weekly basis that what appears to be going good today, can change very quickly tomorrow.

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Millionday:

Article Quote:
"the agenda of the parliament session, which will be held on Tuesday under the chairmanship of Sheikh Hamoudi, includes swearing to members of the House of Representatives who were holding government positions and replacements for those who have held ministerial positions or Vice-President of the Republic and the follow-up temporary committees."

DO YOU SEE THAT? SWEARING IN REPLACEMENTS FOR THOSE WHO HAVE HELD MINISTERIAL POSITIONS.

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BGG:

[We can still have the RV regardless of Isis?]
...ISIS may actually wind up being the "T-Rex" in the room...(the catalyst for change). 

[Can you tell me what "T-Rex in the room" means?]
the bad guy at the end that saves you - but is dangerous in every way.

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Poppy3:

EXPECTING GOOD REPORTS TONIGHT AND TOMORROW NIGHT ACTUALLY THE REST ON THIS WEEK IS LOOKING VERY GOOD FOR IRAQ TO MAKE PROGRESS.

News, Intel, Rumors and Opinions - October 12, 2014

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

http://www.dinarchronicles.com/intel

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SteveI:

...lots of questions regarding the so called new bills. I did some research and contacted [Guru] Ray and others and they all came back with the very same answer, "They said that is the currency that has been used by the Iraqi people for quite a while now. Nothing new."  

Matter of fact, one of Rays contacts has some and was going to show Ray the bills.  

So, the actual new currency has not been introduced into the country yet and will not until the rate changes. 

When will the rate change? As soon as the budget gets passed according to many. 

So lets just sit back and wait for the budget to get passed and see what happens.

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Millionday:

CBI HAS MADE HUGE PROGRESS TO MOVE TO THE GLOBE...THAT IS WHAT WILL SHOW US A RATE.

THEY HAVE MADE THE TECHNICAL ADVANCEMENTS NEEDED AND ARE USED BY OTHER CENTRAL BANKS. 

CBI IS READY TO ACTIVATE THE MOVE TO THE GLOBE AND INTENDS TO DO SO. 

THE TIMELINE IS BEAUTIFUL WITH WHAT WE HAVE BEEN SEEING -- WE DONT HAVE INK ON IT BUT WE HAVE BEEN SEEING A RUSH TO GET THINGS DONE. 

THE MOVE TO A MARKET ECONOMY AND THE ECONOMIC DEVELOPMENT IS WHEN WE WILL SEE THE REALITY RATE AND THE IRAQI VALUE OF IRAQ.

[isnt the plan to open the budget on oct 15 and begin payments?]
YES THEY HAVE ANNOUNCED THAT THEY HAVE MANY AGREEMENTS THAT THEY MADE THAT REQUIRE THAT THEY BEGIN PAYMENT ON THE 15TH AND WE ALSO KNOW THAT THEY HAVE BEEN HUSTLING TO GET THE BUDGET DONE AND SAY THEY ARE MEETING FOR THE READING AND VOTE ON THE 15TH -- THEY COULD RELEASE THE RATE AT ANYTIME -- THEY ARE ABLE TO DO THAT DUE TO THEIR INDEPENDENCE AND POWER.

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Enorrste:

Article: 
"Central tends to activate cooperation with the world"

Quote:   
"the requirements of the market economy and the provision of banking services to investors Iraqis and foreigners, especially that the country is on the verge of activating cooperation banking International service requirements anticipated in the development of the Iraqi economy, which is guaranteed by the new government program."

I especially like the term "on the verge" which seems to indicate that they are about to make a move. 

Add to that mention of a "guarantee by the new government program" and I'm led to believe that this is a subtle way of saying that Al-Abadi is totally behind this move, while we know that Maliki was not. 

It all sounds good to me!

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tman23:

The 2014 Budget...There will be 3 readings, the FIRST reading is scheduled for Tuesday the 14th, usually the second reading takes place 2 weekends after the first reading but because of the due diligence the second reading may be Thursday. The Third reading and vote will take place before the end of October. That said; The 2014 Budget with numbers is not the trigger for the CBI by any means but what it will show is a national consensus (meaning parties agree to the language and prove there is harmony). The CBI needs to see unity first and foremost inside the GOI...The Kurd Ministers taking there seat, Barzani (PM) signing an agreement that entails a list of MoU's and the adoption of the 2104 Budget is the START.

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Poppy3:

MUCH GREAT NEWS AND TIMING ISSUE IS OUR ONLY HOLDUP AS I HAVE SAID TIME WILL REVEAL THE FACTS EVERY DAY. 

ACCORDING TO ALL THE NEWS AND THE SOURCES WHAT WE NEED COMPLETED IS FRONT AND CENTER IN PRIORITY TO THEM AND THIS IS THE BEST POSITION WE HAVE EVER BEEN IN IN MY 11 YEARS.

News, Intel, Rumors and Opinions - October 3, 2014

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

http://www.dinarchronicles.com/intel

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BGG:

[how long can they go without approving the budget before they get into total financial turmoil?]
Not much longer - it is a serious situation. 

[DO U HAVE ANY KINDA TIMELINE FOR THE BUDGET?]
I don't - but reportedly - it will not be long...for me though, the budget is not the key - solving this conflict between the hags in power and the Parliament is. 

[What is the current status of the appointment of the Defense and Interior ministers? And does that have any substantial effect on currency reform?]
Very close - yes, balance of power is an issue for the IMF - etc.  

[Awhile back [Guru] Tlar had posted that the Security Minister would have to be placed for an rv? Your thoughts and have they placed Security Minister yet?]
They have not. Soon though...but I do not agree with that as a "have to".

[If the Dinar rv by itself alone , when will others follow?]
This is all about the IQD - nothing else. If there are others IMHO they will be later - maybe much later. This GCR business is about ratings - not the truth. 

[do you feel the initial RV rate will stay fixed, move up or down over the first 30 days or no idea?]
It will be stable - IMHO - if it comes low - they will adjust over the next 3 mos - 1 year. 

[do you know if there will be a time limit on when we have to exchange our Dinar?]
I doubt it. It is a currency - not a coupon.  

[...how long do you think it could possibly drag on? i've seen some people predicting as far as 2017?]
No way - this needs to happen fairly soon.

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SteveI:

[HCL all good and just awaiting a vote?]
The HCL has been approved (agreed by all blocs) but will not become official until the budget of 2014 is passed as the HCL is part of the budget. You can not enforce one without the other. 

[140  all good awaiting a vote?]
The Article 140 has been approved. I has to do with the power sharing and the new GOI has accomplished that.

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tman23:

Maliki is still occupying the Palace ...Jaffari with an envoy visited the Palace and had a discussion with maliki to vacate...The envoy left the Palace unsuccessful...Maliki remains. It is said that maliki has created a state with in the state and as long as he remains in the Palace many Iraqi's view him as the man of power.

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Stryker:

It looks like that next week holds many answers for Iraq but all may not be resolved even then. The big question still remains, will the political situation be right for the CBI to pull the trigger on currency reform? 

In my opinion the Prime Minister must seat all the ministers, this will show the Sunnis that he is true to his word. The new parliament must enact and implement all necessary laws and the budget needs passed before reform can be performed. 

The CBI has readied itself with all the measures in place but a full unity of power sharing must also be completed. Progress continues to be made in all these areas according to the news and comments by all the major players.

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Poppy3:

WELL THEY HAVE DAILY RESCHEDULED THE VOTES ON THE BUDGET AND MINISTERS. SEEMS EVERY DAY AND NOW INTO THE HOLIDAYS AND RELIGIOUS TIME IT IS VERY ENCOURAGING THAT THEY ARE STILL IN MEETINGS TRYING TO FIND A AGREEMENT TO COMPLETE THEIR GOI AND BUDGET.  

THERE ARE MANY RUMORS AND DIFFERENT PEOPLES IDEAS OF WHAT THE REAL HOLD UP COULD BE BUT I EXPECT AT SOME POINT THERE WILL BE A BREAKTHROUGH AND WHEN THAT HAPPENS EVERYTHING WILL HAPPEN VERY FAST. 

INTERESTING THE CBI MANAGEMENT IS NOW INVOLVED. 

ANY DAY NOW CAN BE OUR DAY.

Post Brought from Peoples Dinar

andiedog, on 02 Oct 2014 -  said:  OK,  I do not think I am the only one that has these questions. I am a little lost in following where are at this time.

It seems that a multitude of banking and financial laws are being dealt with on a daily basis. That in it's self pushes us closer and closer every day.

These couple of items seem to be the "Hot Buttons" that we have been looking at for a very long time So I will put them out for discussion

1. Are we still in a holding pattern and waiting for a meeting at some date in the future so the Defense and Interior positions can or will be named?

2. The Budget, As I read it is still being formulated and awaiting discussion and a possible vote? 

3. Or is it just awaiting  a vote?

4. HCL all good and just awaiting a vote?

5. 140  all good awaiting a vote?

6.  Or is it believed they (HCL 140)  have already been voted on just need to be activated?

Do we really need the last two to finish what we are looking for?

I certainly do not want to impose on anyone, but I have got to say the place we are at right now is certainly about as clear as mud. That being said if anyone has a clearer idea of where we stand I , as well as many others, are open for any and all the insight that can be imparted our way. Thanks in advance. 

Note: I am saving this post and will be adding to it every couple of minutes.

I just do not want to lose my work.

Stevel Reply:

Question:   1. Are we still in a holding pattern and waiting for a meeting at some date in the future so the Defense and Interior positions can or will be named?

Answer:

No there is no holding pattern what so ever. The government of Iraq is official and the two position are by proxy and will become official when the final selection and agreements between all parties are acceptable.

The passing of the budget and the voting of the final two are not related nor does anything hold up the end result.

Question:   2. The Budget, As I read it is still being formulated and awaiting discussion and a possible vote? 

Answer:

The final budget for 2014 has been formulated (as of this post) and it on the desk of the president of parliament now awaiting for him to call for the official vote. The Kurds and everyone has now signed off on it and there will be no readings of the budget, but the final vote.

Question:   3. Or is it just awaiting  a vote?

Answer:

The budget of 2014 is now waiting for a final vote because the budget of 2015 is to be discussed starting October 15. Remember, dates are subject to change.

Question:   4. HCL all good and just awaiting a vote?

Answer:

The HCL has been approved (agreed by all blocs) but will not become official until the budget of 2014 is passed as the HCL is part of the budget. You can not enforce one without the other.

Question:   5. 140  all good awaiting a vote?

Answer:

The Article 140 has been approved. It has to do with the power sharing and the new GOI has accomplished that.

Question:   6.  Or is it believed they (HCL 140)  have already been voted on just need to be activated?

Answer:

The HCL is part of the budget and the Article 140 has nothing to do with either.

Do we really need the last two to finish what we are looking for?

Answer:

No.

Summation:     Blessings,  Steve
Steve:   Many have been asking about the budget. I would like you all to consider two possibilities.

First one being the best and they bring out a new rate in the 2014 federal budget. With this being October now, I am not sure how they will account for a full year in just 3 months.

Second being the next best thing and they bring out a new rate in the 2015 federal budget starting January. With the continued delays I am very cautious in trying to say one way or the other.

January is not all that far off, 90 days so this is a very realistic time frame.

I refuse to say one way or the other. I am hearing they are talking about it sooner rather than later, so we need to let them finish the GOI and move on to the next task which is the budget.

Either way is ok by me as it will have turned into a great investment worth waiting for.

Progress is great so far and I would sure like to seem them get a handle on the ISIL group. I am hearing that Turkey may now join in the group and start helping Iraq because they have just as much to loose as the other countries.

Have a safe week and will keep you posted if anything solid is passed our way.   Steve

Greetings,

I know you all are looking for updates regarding the budget, but the first thing I am looking for is the final two Ministers to be set in stone and voted on.

Then look for the budget after that. I think October 6th is the next voting of the ministers so we can just sit back and let the new PM get the job done.

He is being pressured by many so, they are not just sitting there doing nothing.


The rest will fall into place. If you are looking for a time, mid October is looking very good to have all of this done by.

I really do not see it going into November as they (Parliament) is looking to start the 2015 budget, so this means getting the 2014 done, passed and opened and disbursed.

This is when you will see a possible rate increase in the value of their currency. 

When we here something substantial, I will for sure post the news to help you better understanding the timing or next move and what to look for.

So, enjoy the fall days and enjoy life.

Blessings to all.  Steve

SteveI:

You know, this is Iraq, a third world country that had a very bad leader and anything can happen, good or bad.

This is an investment and I have seen no dealer that guarantees what you purchased will be worth anything more or less in the future.

Now, with our many sources, this investment will in the end be a very good one for those that treat it as just that, until then you live day to day as if you never had it and live in the present and prepare for the future.

I have invested in it and I will not at any cost bail now or even in the future.

The results may have not happened within your time frame but this is not about you, but rather a county that is preparing for a new economic future.

You all have a safe week and will post our update only when we have something worthy to post that we can backup.

Ok now let's get back to the news and look for the budget getting passed. Until then, we do what we do not like to do, wait.

Steve

News, Intel, Rumors and Opinions - September 1, 2014

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

http://www.dinarchronicles.com/intel

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SteveI:

All I want to see is these new guys officially seated and the budget and HCL passed. 

As [Guru] Ray said, their positions will be official September 7th. 

I am hopeful anytime after that will be a great opportunity for Iraq to move their country forward. The new PM likes to do things by the constitution, so having this happen before the 7th may be pushing it a bit.

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Millionday:

SEPT 1ST IRAQ IS TO PUT ON THEIR STOCK MARKET ALL IPOS-- ALSO YESTERDAY -- IRAQ HIT THE GLOBAL MARKET FOR THE FIRST TIME IN A LONG TIME. 

YESTERDAY THEY SWITCHED TO THE MOST ADVANCED WIRING IN THE WORLD FOR CASH...BANKING. 

ABADI HAS STATED THAT HE WILL BE ANNOUNCING THE GOV BEFORE THE TIMELINE OF THE 9TH OF SEPT IN THE PRESS. 

TURKI FROM CBI SAID IN PRESS THAT HE WOULD MOVE FORWARD WITHOUT BUDGET BUT HAS MADE IT CLEAR ABOUT HOW HE FEELS ABOUT THE GOV IMO.

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Poppy3:

...THE RV HAS TO HAPPEN TO FUND THE HCL AND THAT IS FACT.  

HCL WILL HAPPEN ALMOST SIMULTANEOUSLY WITH THE RV ACCORDING TO THE NEWS SOURCES.

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BGG:

Article Quote:
"Jaafari and national forces delegation underline the need for Parliament to witness the performance of a quantum leap enactment of laws"

...  would be better interpreted "Jaafari and the National Alliance..." saying "We need to get this thing ROLLING"!!  Reform Movement: "the announcement of the new ministerial cab within 72 hours..."  

if Jaafari is saying there will be an announcement in 72 hours - there probably will.