News, Intel, Rumors and Opinions - October 22, 2014
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
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Kaperoni:
Article:
"Deletion of zeros from the Iraqi currency"
IMO, I would rather see a gradual appreciation of the dinar based on economic investment as the IMF Article IV doc states. It's much safer and we are assured a substantial return on the investment if Iraq succeeds. I am not so sure this delete zeros (or should I say their is no guarantee) is good for us.
...nobody knows 100% what Iraq will do.
I am still very hopeful the IMF will lead the way here.
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BGG:
[the CBI has know all the numbers in circulation for some time. They also have given the criteria for economic reform which was a fully formed GOI. Why would they even make a statement if there was 1. No intent to revalue and 2. Their numbers did not make sense and a RV was not possible with the current numbers?]
the easy solution to #2 is - use a lower "emergency rate" - which has been talked about. Will it happen (for sure) - who knows?
But they are in a tough way and it would be an easy way out of 35 trillion in circulation
»»»»»»»»»»»»»»»»»
[What do you think They are waiting on?]
Right now - I don't think they are waiting on anything, I think they had a few items to get done and they are moving right forward.
[So...we are waiting on the finger to reach the button...? That's all?]
Not positive - but if recent info is accurate, and it has proven as much thus far...very well could be.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Millionday:
TODAY [MONDAY] IS THE DAY THAT CBI WENT BEFORE PARLIAMENT.
THEY DISCUSSED CONTROLLING MONEY LAUNDERING ISSUE TRADED FUNDS -- THE MONEY SUPPLY IN CIRCULATION AND THE BANKING LAWS THAT GOVERN CBI.
Article quote:
"al-Jubouri received today the Amir of the Islamic Group of Kurdistan Sheikh Ali Baber, and discussed with, during the meeting, the political and security situation in Iraq."
IT LOOKS AS IF ALL ISSUES ARE BEING RESOLVED BY THE KURDS AND THE IRAQIS. THIS WITH THE MEETING WITH THE CBI IS NOTHING BUT GREAT.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Enorrste:
Article:
"Deletion of zeros from the Iraqi currency"
...how can ANYONE be contemplating that they are even considering a LOP?
The simple fact is that a LOP is NOT in the cards.
The IMF has stated quite clearly in the last quarterly update on Iraq that they are quite satisfied with the STABILITY of the dinar over the last several years, and that they look forward to the GRADUAL appreciation of the dinar in the near future. Turkey LOPped zeros because they had 2000% inflation.
Iraq has about 4% inflation.
The process, and that is what this will be, is one in which, after moving to Article 8 of the IMF charter, Iraq will allow its currency to float. The opening of its currency to the world, Article 8, will allow two things to happen:
first, the influx of goods and investment into Iraq from the outside; and second, the raise in the value of the dinar.
In time, beginning next year (not necessarily January 1, incidentally), it will become necessary to begin removing the large notes from circulation (remove the three zeros) as the VALUE of the dinar rises. The actual risk here is DEFLATION, rather than INFLATION, because the same dinar will become more and more valuable (the opposite of inflation).
Removal of the large notes from circulation will reduce the money supply gradually as the value rises, thereby reducing the risk of deflation, as we know it, and the risk of inflation (too many dinars) as the Iraqi's know it (too much money). Nothing has changed.
The plan is about to unfold...Remember, if an RV were in the cards, then Greece would have done it years ago to get out of its little pickle.
But an RV does not work.
It is really just that simple. There is no free lunch.
Economic growth is the only way to bring the dinar back to its pre-war value.
»»»»»»»»»»»»»»»»»
Article:
"A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation"
...remove the three zeros refers to the removal of the large notes from circulation and nothing else.
Quote:
"A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation." In other words, to "reduce the money supply."
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Mountainman:
Just My Opinion But Seeing how The GOI is Reopening The Previous Laws from The Sadaam ERA...It makes Perfect sense that they would Also Reinstate That Rate = $3.21!
That being said IMO...I don't see any reason for The Paris Club Members/Coalition Partners To Have ANY Incentive to Hold Contracts in DINAR for their Payback for Anything LESS!
Knowing that WHEN Iraq Goes LIVE w/ The ISX...The World Will FLOOD Into IRAQ Like PIGS On SLOP...Then That RI RATE Will SKYROCKET... Don't FORGET about ALL the SKEPTICS who Are Going to Have "EGG" On their Faces...You Know the Ones Who Said "THE DINAR" Is A Scam ect...Yah then They Will Flock To Invest In IRAQ...And that Will Change Our World's Economy In Powerful Ways!
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
tman23:
I don't believe in an emergency RV...I believe we are witnessing the planned event that ran into mitigated circumstances directed by Iran and Maliki... I am thinking an international reinstatement with a rate of $3.48 that will show from Nov 3rd to the first of the year and then the zeros will be lifted from the notes...JMO.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Poppy3:
SOUNDS LIKE THE LIFT THE ZERO'S PROCESS IS STARTING NOW AND THEY EXPECT TO TAKE UP TO 4 YEARS TO GET IT ALL OUT OF CIRCULATION.
LETS GO BOYS LET HER RIP.
ALSO SOUNDS LIKE A FIXED RATE AND NO FLOAT.
TIME WILL TELL.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
TerryK:
THINGS REALLY SOUND GOOD ACCORDING TO THE ARTICLES. SO KINDA SOUNDS LIKE IRAQ MAY PULL THIS ALL TOGETHER AND MAKE THINGS HAPPEN REAL SOON NOW THAT A [ABADI?] IS IN CHARGE.
BE EXCITED.
IT'S COMING.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
---
Kaperoni:
Article:
"Deletion of zeros from the Iraqi currency"
IMO, I would rather see a gradual appreciation of the dinar based on economic investment as the IMF Article IV doc states. It's much safer and we are assured a substantial return on the investment if Iraq succeeds. I am not so sure this delete zeros (or should I say their is no guarantee) is good for us.
...nobody knows 100% what Iraq will do.
I am still very hopeful the IMF will lead the way here.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
BGG:
[the CBI has know all the numbers in circulation for some time. They also have given the criteria for economic reform which was a fully formed GOI. Why would they even make a statement if there was 1. No intent to revalue and 2. Their numbers did not make sense and a RV was not possible with the current numbers?]
the easy solution to #2 is - use a lower "emergency rate" - which has been talked about. Will it happen (for sure) - who knows?
But they are in a tough way and it would be an easy way out of 35 trillion in circulation
»»»»»»»»»»»»»»»»»
[What do you think They are waiting on?]
Right now - I don't think they are waiting on anything, I think they had a few items to get done and they are moving right forward.
[So...we are waiting on the finger to reach the button...? That's all?]
Not positive - but if recent info is accurate, and it has proven as much thus far...very well could be.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Millionday:
TODAY [MONDAY] IS THE DAY THAT CBI WENT BEFORE PARLIAMENT.
THEY DISCUSSED CONTROLLING MONEY LAUNDERING ISSUE TRADED FUNDS -- THE MONEY SUPPLY IN CIRCULATION AND THE BANKING LAWS THAT GOVERN CBI.
Article quote:
"al-Jubouri received today the Amir of the Islamic Group of Kurdistan Sheikh Ali Baber, and discussed with, during the meeting, the political and security situation in Iraq."
IT LOOKS AS IF ALL ISSUES ARE BEING RESOLVED BY THE KURDS AND THE IRAQIS. THIS WITH THE MEETING WITH THE CBI IS NOTHING BUT GREAT.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Enorrste:
Article:
"Deletion of zeros from the Iraqi currency"
...how can ANYONE be contemplating that they are even considering a LOP?
The simple fact is that a LOP is NOT in the cards.
The IMF has stated quite clearly in the last quarterly update on Iraq that they are quite satisfied with the STABILITY of the dinar over the last several years, and that they look forward to the GRADUAL appreciation of the dinar in the near future. Turkey LOPped zeros because they had 2000% inflation.
Iraq has about 4% inflation.
The process, and that is what this will be, is one in which, after moving to Article 8 of the IMF charter, Iraq will allow its currency to float. The opening of its currency to the world, Article 8, will allow two things to happen:
first, the influx of goods and investment into Iraq from the outside; and second, the raise in the value of the dinar.
In time, beginning next year (not necessarily January 1, incidentally), it will become necessary to begin removing the large notes from circulation (remove the three zeros) as the VALUE of the dinar rises. The actual risk here is DEFLATION, rather than INFLATION, because the same dinar will become more and more valuable (the opposite of inflation).
Removal of the large notes from circulation will reduce the money supply gradually as the value rises, thereby reducing the risk of deflation, as we know it, and the risk of inflation (too many dinars) as the Iraqi's know it (too much money). Nothing has changed.
The plan is about to unfold...Remember, if an RV were in the cards, then Greece would have done it years ago to get out of its little pickle.
But an RV does not work.
It is really just that simple. There is no free lunch.
Economic growth is the only way to bring the dinar back to its pre-war value.
»»»»»»»»»»»»»»»»»
Article:
"A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation"
...remove the three zeros refers to the removal of the large notes from circulation and nothing else.
Quote:
"A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation." In other words, to "reduce the money supply."
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Mountainman:
Just My Opinion But Seeing how The GOI is Reopening The Previous Laws from The Sadaam ERA...It makes Perfect sense that they would Also Reinstate That Rate = $3.21!
That being said IMO...I don't see any reason for The Paris Club Members/Coalition Partners To Have ANY Incentive to Hold Contracts in DINAR for their Payback for Anything LESS!
Knowing that WHEN Iraq Goes LIVE w/ The ISX...The World Will FLOOD Into IRAQ Like PIGS On SLOP...Then That RI RATE Will SKYROCKET... Don't FORGET about ALL the SKEPTICS who Are Going to Have "EGG" On their Faces...You Know the Ones Who Said "THE DINAR" Is A Scam ect...Yah then They Will Flock To Invest In IRAQ...And that Will Change Our World's Economy In Powerful Ways!
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
tman23:
I don't believe in an emergency RV...I believe we are witnessing the planned event that ran into mitigated circumstances directed by Iran and Maliki... I am thinking an international reinstatement with a rate of $3.48 that will show from Nov 3rd to the first of the year and then the zeros will be lifted from the notes...JMO.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Poppy3:
SOUNDS LIKE THE LIFT THE ZERO'S PROCESS IS STARTING NOW AND THEY EXPECT TO TAKE UP TO 4 YEARS TO GET IT ALL OUT OF CIRCULATION.
LETS GO BOYS LET HER RIP.
ALSO SOUNDS LIKE A FIXED RATE AND NO FLOAT.
TIME WILL TELL.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
TerryK:
THINGS REALLY SOUND GOOD ACCORDING TO THE ARTICLES. SO KINDA SOUNDS LIKE IRAQ MAY PULL THIS ALL TOGETHER AND MAKE THINGS HAPPEN REAL SOON NOW THAT A [ABADI?] IS IN CHARGE.
BE EXCITED.
IT'S COMING.
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