Iraqi Dinar Revaluation News
~ Dinar Chronicles
"Parliament Official Notice Sunday"
"In the public interest and commitment to constitutional contexts in order to preserve and continue to build democracy and again after consultation with the heads of blocs in parliament, we've decided to change the date of the previous call for parliament to convene on Sunday, 13 / July / 2014."
tlm724 & Shredd:
"We will also see the session the second reading of a bill accession of the Republic of Iraq to the establishment of the International Islamic Trade Finance"
there has been several arts [articles] recently telling us what parliament has been working on and there was a bill being read that caught my attention...there 56 countries in the organization on several continents and Iraq is already listed as a member - now as mentioned in the above article they state "accession" into the Trade Finance Org.
Imo, Iraq is now prepared to implement and take full advantage of the funds and many advantages of this Org...this accession is huge...major steps continue to take place behind the scenes...that bring Iraq to a place where they are ready to have a strong dinar in front of them.
Trading is the life blood of any investment...once investments are established, the trading within them will take place safely, timely, efficiently and correctly due to the oversight of the ITFC. If that can’t happen, the investments will die the moment the market fluctuates...So, to see this bill being voted on is awesome to see. This is yet another “behind the scenes” necessity for Iraq to ascend to a place where investment and banking has a safe place to be...
I’m [Shredd] a VP in a top 3 international bank and have been with them for ten years.
I have full access to daily global accounts, massive investment vehicles and products and services that cover every single sector. The entire time I’ve been there, Iraq has been non-existent due to what we all know has been taking place there…and they still are today.
These banking and investment laws, this ascension to the ITFC is absolutely necessary for Iraq to emerge among their peers to welcome global investment and to ensure safe banking and trading is in place.
My hope is that when you gain an appreciation of what is all being accomplished, you will see vital progress, not frustrating stagnation...finding this and showing you all so much is and has been moving forward.
will this directly bring us an RV tomorrow?
you all aren't that absent to think as such im sure...but, these all have to have been done to bring Iraq to the place they need to be.
Some say the dinar was supposed to have moved by now as far as the monetary policy and the rate whether it be via a float, or a continued managed float.
But it didn't, did it? Why? well, in part, these things had to be in place first.
So, be excited we find this being done...great, great progress.