News, Intel, Rumors and Opinions - November 7, 2014
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
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tman23:
This is from Iraqi...He said people speak of coins but they have not seen them...As of 48 hrs ago his brother could not collect pay at ports in Sulaymaniyah (Talibani residence city)...he was told to go to Erbil to collect his pay (3 hr drive)...The ports are suspended and will be announced open after "updates"...He said the foreign currency traders that were present a few days ago are no longer on the streets...the people are told they must exchange with S @%@^* a licensed company approved by the CBI.
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The G19 (20) Russia excluded is making a move...By the article from the CBI it is the World Bank that is directing Iraq monetary policies...In ink a World Bank delegation is set to meet with Iraqi officials...It is IMO that the CBI governor, Jabouri, Zabari and Abadi do not know the planning of the IMF and World Bank...What I'm saying is I don't believe they are informed of a rate etc. for their currency...it may be laid out for them hours before we see the release...I am of the opinion that when the World Bank delegation arrives...they hold the keys to release the IQD internationally.
Abadi will be in Erbil to meet with the Kurds on the oil agreement...That should be concluded this weekend...FINGERS CROSSED...This HCL agreement is and always has been a key component to this investment! If this agreement is reached then expect the World Bank delegation...on a "any day arrival" time frame...IMO...I don't see how Iraq opens the start of 2015 with an immediate change in monetary policy...I believe they need to open that door at least 30 days in advance.
Worse case scenario is 54 days in having confirmed information on exactly what their intentions are...Right now...54 days left in this year...Again IMO...This cat and mouse game over economic reform far exceeds "a neutral event"... And Legardes speech a few weeks ago she said...Iraq's (used a term for undervalued) currency has served them well and the time has come to "gradually liberate the exchange rate"...She can say gradual etc.. I certainly never expect her to say reinstate the rate etc..etc... But the point is she addressed the undervaluation and called for time to change.
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Millionday:
THE HCL WAS SENT TO PARLIAMENT LAST WEEK...ALL AMENDMENTS ARE DONE.
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THEY ARE TALKING ABOUT THE LACK OF USING DINAR TO FUND THE SMART CARD DISTRIBUTIONS. THE CARD WILL BE GLOBAL PER REPORTS AND WILL BE MANAGED BY VISA.
THE MINISTER OF COMMUNICATIONS WILL BE WATCHING THE PROJECT AND MONITORING IT -- THEY SAY BY THE END OF THE YEAR -- THAT LEAVES THE DATE OPEN AS WITH EVERYTHING ELSE...SOUNDS LIKE THEY ARE WORKING ON MOVING FORWARD TO A MARKET ECONOMY.
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Kaperoni:
Article:
"Lower central bank sales to $ 175 million"
Quote:
"...the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price of 1187 dinars / USD..."
Good news for sure...and now officially within compliance no matter what numbers you use.
The CBI is clearly making a push and it looks like they may be aiming for Jan-Feb timeline if they get the laws in place.
Let it come to us!
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Enorrste:
Article:
"The private sector contributes to increase the value of the dinar"
Quote:
"...indicating that it is an urgent necessity...the revaluation of the Iraqi dinar and the increase its purchasing power because of its profound impact on the development of economic reality and the granting of additional currency strength enhance confidence between the currency markets in the world."
...this opinion piece says exactly what we have been saying for the last two years...
We are not only on track: we are right on track. ...I love quotes such as "urgent necessity."
This is the sort of language that gets me to salivate!
I hold to my the float will begin shortly after the new year and the dinar will rise as fast as the CBI allows it thereafter.
More than that would be an overstatement.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
---
tman23:
This is from Iraqi...He said people speak of coins but they have not seen them...As of 48 hrs ago his brother could not collect pay at ports in Sulaymaniyah (Talibani residence city)...he was told to go to Erbil to collect his pay (3 hr drive)...The ports are suspended and will be announced open after "updates"...He said the foreign currency traders that were present a few days ago are no longer on the streets...the people are told they must exchange with S @%@^* a licensed company approved by the CBI.
»»»»»»»»»»»»»»»»»
The G19 (20) Russia excluded is making a move...By the article from the CBI it is the World Bank that is directing Iraq monetary policies...In ink a World Bank delegation is set to meet with Iraqi officials...It is IMO that the CBI governor, Jabouri, Zabari and Abadi do not know the planning of the IMF and World Bank...What I'm saying is I don't believe they are informed of a rate etc. for their currency...it may be laid out for them hours before we see the release...I am of the opinion that when the World Bank delegation arrives...they hold the keys to release the IQD internationally.
Abadi will be in Erbil to meet with the Kurds on the oil agreement...That should be concluded this weekend...FINGERS CROSSED...This HCL agreement is and always has been a key component to this investment! If this agreement is reached then expect the World Bank delegation...on a "any day arrival" time frame...IMO...I don't see how Iraq opens the start of 2015 with an immediate change in monetary policy...I believe they need to open that door at least 30 days in advance.
Worse case scenario is 54 days in having confirmed information on exactly what their intentions are...Right now...54 days left in this year...Again IMO...This cat and mouse game over economic reform far exceeds "a neutral event"... And Legardes speech a few weeks ago she said...Iraq's (used a term for undervalued) currency has served them well and the time has come to "gradually liberate the exchange rate"...She can say gradual etc.. I certainly never expect her to say reinstate the rate etc..etc... But the point is she addressed the undervaluation and called for time to change.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Millionday:
THE HCL WAS SENT TO PARLIAMENT LAST WEEK...ALL AMENDMENTS ARE DONE.
»»»»»»»»»»»»»»»»»
THEY ARE TALKING ABOUT THE LACK OF USING DINAR TO FUND THE SMART CARD DISTRIBUTIONS. THE CARD WILL BE GLOBAL PER REPORTS AND WILL BE MANAGED BY VISA.
THE MINISTER OF COMMUNICATIONS WILL BE WATCHING THE PROJECT AND MONITORING IT -- THEY SAY BY THE END OF THE YEAR -- THAT LEAVES THE DATE OPEN AS WITH EVERYTHING ELSE...SOUNDS LIKE THEY ARE WORKING ON MOVING FORWARD TO A MARKET ECONOMY.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Kaperoni:
Article:
"Lower central bank sales to $ 175 million"
Quote:
"...the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price of 1187 dinars / USD..."
Good news for sure...and now officially within compliance no matter what numbers you use.
The CBI is clearly making a push and it looks like they may be aiming for Jan-Feb timeline if they get the laws in place.
Let it come to us!
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Enorrste:
Article:
"The private sector contributes to increase the value of the dinar"
Quote:
"...indicating that it is an urgent necessity...the revaluation of the Iraqi dinar and the increase its purchasing power because of its profound impact on the development of economic reality and the granting of additional currency strength enhance confidence between the currency markets in the world."
...this opinion piece says exactly what we have been saying for the last two years...
We are not only on track: we are right on track. ...I love quotes such as "urgent necessity."
This is the sort of language that gets me to salivate!
I hold to my the float will begin shortly after the new year and the dinar will rise as fast as the CBI allows it thereafter.
More than that would be an overstatement.
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