Frank cautions all to beware of scams..Do not give your dinars to anyone and do not give out any personal information either..scammers can look professional and legitimate.
April is a month of study and interest. UN Operational rates are released in April.
April begins the 2nd quarter, and on the lunar calendar, a new moon cycle begins in April.. In the middle east the new moon cycle is the best time to start new contracts, new agreements.
April is an auspicious time and historically many important events have happened in April.
Frank says there will be a new UST currency, and Jack Lew and Christine LaGarde talked about it in Mexico…Will the USD lose Value?...yes, through inflation.
Watch for the rate change on the CBI , Frank feels that is where it will show first…
Memphis says Iraq is having major issues with the currency they have in circulation, torn, worn out, ect…forcing many to use foreign currency because if the condition of the IQD, yet, the CBI will not replace the damaged currency and the crises is worse then its ever been…
In Memphis opinion this is a sure sign that the CBI is about to do something with their currency….Delta Agrees and says we are very close to seeing something happen.
In Delta’s opinion the budget is totally finished but we wont see it until the rate changes on the IQD.
The CBI does not need to wait on the budget…they are independant of each other and the CBI can release the new rate at any time..
In Delta’s opinion the very latest they could wait to release new rate is May, but if it goes all the way to May, it could be disaterous as the CBI would have to inject more currency into the economy, and the CBI has worked very hard to get the large bills off the streets.
Delta read a translated report on Iraq from the IMF. This report confirms that the IMF is happy with Iraq and the rate spread and the IMF is supporting Iraq and encouraging them to go ahead with their monetary reform policy! This report is in the news and announcements section of the CBI.
Delta said to remember that they will never announce “hey, we are raising the rate of the IQD!”, and remember the MR (monetary reform) is mainly for the citizens of Iraq.
There was an Article IV meeting in Jordan in March and Deltas opinion is the IMF gave the green light to go ahead with the MR…The question is will they release it before or after the elections??
In Deltas opinion it could happen any day, any time of day…just it cannot go past the end of May.
There is tremendous pressure for the CBI to release the new rate, and the citizens of Iraq are also under tremendous pressure…Again Deltas opinion is we are in a 60 day window, but we could see the new rate at any time!!
Delta stated that this is a 100% fact directly from the CBI, that the new rate will be released BEFORE JUNE 2014.. Not in June or after June , but BEFORE.
Nova agrees with Delta and says its remarkable that in the report Delta read that the CBI says the IMF gave them permission to go ahead with their monetary reform…..This is huge news.
Delta’s sources are all saying that all they are waiting for is to see the new rate released by the CBI..That all. And while no one knows the date….all are agreeing its very close.
Franks opinion is that 10 currencies will be RVing with the IQD…that’s where he and Eagle1 have different opinions as Eagle1 thinks all currencies will revalue whereas Frank thinks only 10.
Delta says to watch the CBI as we will probably see 2-3 announcements come out and then the new rate. Also do not pay attention to all the recycled news articles…just watch the CBI because the pressure is enormous for them to release the new rate.
The call ended with “Amazing Grace”