News, Intel, Rumors and Opinions - November 5, 2014
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
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Kaperoni:
...there is significant evidence and factual examples why...a LOP is not happening, but an overnight RV is not happening either...we believe the CBI will do what the IMF tells them to do...the 2013 Article IV Consultation...its pretty clear.
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tman23:
Anyone can apply for a smart card or visa card, it is no different than here in regards to direct deposit of paychecks etc...along with cash advances and loans. Some of the older smart cards are being exchanged for the NEW version smart card because they no longer work...the older smart card DID NOT have the capabilities to deduct the zeros! FACT! So now that those older cards quit working 11 days ago or so...and the bank telling people they will be able to use the international card outside Iraq "by the end of the year"...Logic and signs point to monetary change before 2015.
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American Contractor:
The CBI, Central Bank of Iraq conducts daily currency auctions where private banks along with several currency exchange money stores convert Iraqi dinar to US dollars.
The private Iraqi banks have clients that have a need for US dollars to pay for goods and services because payment in Iraqi dinar is far too cumbersome for Iraq business owners. Imagine having to pay for materials for a prime power station in Iraqi dinar currency. That’s lot of paper! Iraqi business people like to use the US dollars for the simple fact that it is far easier to use and less notes to handle when conducting business.
It is an example of why the CBI will in the future create a large category Iraq dinar banknote of 50k and 100k. When this happens, Iraq business will start to use the Iraqi dinar in business transactions.
In Iraq, the Iraqi dinar can be converted to any of the major world currencies at any state or private banks.
After the conversion from Iraqi dinar to US dollar an Iraqi based company is allowed to repatriate company profits to any financial institution in the world.
This has been happening since 2004, after a handful of Iraqi banks had been approved for SWIFT transactions.
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tlm724:
Article:
"Parliamentary Oil announces the arrival of the amended version of the oil and gas law to parliament"
*hallelujah* Commission will work to resolve these differences to pass the law as soon as possible in preparation for inclusion on the Council's agenda and read and approved.
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Adam Montana:
After having been involved in the Dinar for so long, there are a few things that I take for granted these days...one of those things is the knowledge that Iraq NEVER gets anything done on time, and that's actually one of my primary reasons for never giving a "date and rate" type of update.
Recently, though... they have proven me wrong a few times, and that started when Abadi came into the picture. I do not think this is a coincidence.
In fact, the longer this goes on, the more confident I get that we are finally on the right track. FINALLY! We've seen a ton of progress over the last decade, but compared to the last couple months... we were only in 1st gear then. Since Abadi has came into position, I'd say Iraq has shifted to at least 3rd gear, and is picking up speed!
One article worth noting is this one:
"Parliamentarians: Cancel 2014 budget allocations and transfers some to 2015"
...what it's telling me is that this "new" Iraq possibly understands that they are behind schedule on the 2014 budget and in order to move forward they need to kick into a higher gear - the easiest way to do that in regards to the budget is to bump some of the issues straight into the 2015 budget. They say the plan is to do this within the month. Combine that with YET ANOTHER positive article on the HCL that finally lays it out in plain terms: There are FOUR items left to decide on the HCL and then it will be APPROVED... again, we're looking at a very short time before this finally pops!
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Stryker:
OIL & GAS LAW, AMNESTY LAW, 2014 - 2015 BUDGETS...I point these out because they show that there is an urgency in passing the laws and budget needed by the end of the year that is needed so economic and currency reform can start the first of the year 2015... know that things are moving in the right direction.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
---
Kaperoni:
...there is significant evidence and factual examples why...a LOP is not happening, but an overnight RV is not happening either...we believe the CBI will do what the IMF tells them to do...the 2013 Article IV Consultation...its pretty clear.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
tman23:
Anyone can apply for a smart card or visa card, it is no different than here in regards to direct deposit of paychecks etc...along with cash advances and loans. Some of the older smart cards are being exchanged for the NEW version smart card because they no longer work...the older smart card DID NOT have the capabilities to deduct the zeros! FACT! So now that those older cards quit working 11 days ago or so...and the bank telling people they will be able to use the international card outside Iraq "by the end of the year"...Logic and signs point to monetary change before 2015.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
American Contractor:
The CBI, Central Bank of Iraq conducts daily currency auctions where private banks along with several currency exchange money stores convert Iraqi dinar to US dollars.
The private Iraqi banks have clients that have a need for US dollars to pay for goods and services because payment in Iraqi dinar is far too cumbersome for Iraq business owners. Imagine having to pay for materials for a prime power station in Iraqi dinar currency. That’s lot of paper! Iraqi business people like to use the US dollars for the simple fact that it is far easier to use and less notes to handle when conducting business.
It is an example of why the CBI will in the future create a large category Iraq dinar banknote of 50k and 100k. When this happens, Iraq business will start to use the Iraqi dinar in business transactions.
In Iraq, the Iraqi dinar can be converted to any of the major world currencies at any state or private banks.
After the conversion from Iraqi dinar to US dollar an Iraqi based company is allowed to repatriate company profits to any financial institution in the world.
This has been happening since 2004, after a handful of Iraqi banks had been approved for SWIFT transactions.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
tlm724:
Article:
"Parliamentary Oil announces the arrival of the amended version of the oil and gas law to parliament"
*hallelujah* Commission will work to resolve these differences to pass the law as soon as possible in preparation for inclusion on the Council's agenda and read and approved.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Adam Montana:
After having been involved in the Dinar for so long, there are a few things that I take for granted these days...one of those things is the knowledge that Iraq NEVER gets anything done on time, and that's actually one of my primary reasons for never giving a "date and rate" type of update.
Recently, though... they have proven me wrong a few times, and that started when Abadi came into the picture. I do not think this is a coincidence.
In fact, the longer this goes on, the more confident I get that we are finally on the right track. FINALLY! We've seen a ton of progress over the last decade, but compared to the last couple months... we were only in 1st gear then. Since Abadi has came into position, I'd say Iraq has shifted to at least 3rd gear, and is picking up speed!
One article worth noting is this one:
"Parliamentarians: Cancel 2014 budget allocations and transfers some to 2015"
...what it's telling me is that this "new" Iraq possibly understands that they are behind schedule on the 2014 budget and in order to move forward they need to kick into a higher gear - the easiest way to do that in regards to the budget is to bump some of the issues straight into the 2015 budget. They say the plan is to do this within the month. Combine that with YET ANOTHER positive article on the HCL that finally lays it out in plain terms: There are FOUR items left to decide on the HCL and then it will be APPROVED... again, we're looking at a very short time before this finally pops!
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Stryker:
OIL & GAS LAW, AMNESTY LAW, 2014 - 2015 BUDGETS...I point these out because they show that there is an urgency in passing the laws and budget needed by the end of the year that is needed so economic and currency reform can start the first of the year 2015... know that things are moving in the right direction.
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