Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
I TRULY PERSONALLY FEEL WE HAVE NOW MOVED INTO A POSITION OF 50/50 AT ANYTIME RV.
NO ONE HAS A CLEAR CUT OUTLINE OF THE PROCESS FROM THIS POINT FORWARD. WE ALL KNOW MUCH ABOUT THEIR NEEDS AND THAT THEY ARE GETTING THERE FASTER NOW THAN EVER BUT THERE IS NO STEP BY STEP MODEL THAT WE HAVE EVER FOUND THAT SPELLS THIS PROCESS SPECIFICALLY.
RATE WILL BE AWESOME. I DON'T BELIEVE AND THERE IS...ONE WORD OFFICIALLY THAT SAYS FLOAT PERIOD.
LOTS OF UNPLACED OPINIONS, BUT OFFICIALLY NOT A WORD EVER...
PEOPLE IN PLACE OF MONEY POSITIONS SAY FLAT RATE, HIGHEST RATE IN MIDDLE EAST AND AT PRESENT KUWAIT IS AT $3.58.
John Kerry arrived in iraq at 3:50 central this morning. JUST WANTED TO CONFIRM THIS TIME HE WAS THERE...SO MANY WRONG REPORTS OVER THE LAST TWO WEEK MISLEADING PEEPS THAT HE OR BIDEN WERE IN IRAQ...
HE IS ANNOUNCING A CONCERTED EFFORT FROM THE USA TO RID THEM OF ISIS...STRICTLY POLITICAL FOR SHOW.
[How hard is it to really go in there and get rid of all the ISIS?
800 people or so? it should not take us very long to rid them.]
EXACTLY BUT THE PEOPLE HAVE BEEN FORCE FED THAT IRAQ IS A HOT BED FULLY INVADED COUNTRY FROM ISIS... I WAS TOLD YESTERDAY IT WILL BE ALL BUT OVER WITHIN TWO WEEKS IN IRAQ.
...THE MINISTER OF FINANCE OF VN [VIETNAM] STATED THEY WOULD NOT GO WITH THE DINAR BUT WOULD BE 14 TO 18 MONTHS AFTER THE DINAR BEFORE THEY RV. THEY SAID THEY WOULD ADJUST BUT NOT RV...DONG RATE STILL PROJECTED AT .03 CENTS TO A NICKLE.
"Deputy: Abadi meeting today with the parties to the national and powers to nominate the ministers of interior and defense ...Wednesday, September 10 / September 2014"
"The meeting will be held this evening under the chairmanship of Prime Minister Haider al-Abadi with members of the coalition in the National Union of Forces to discuss naming the ministers of interior and defense."
"Washington urged the Kurdish leadership to participate Abadi in government, because there are significant changes will occur in Iraq in the near future..."
i hope that one of the significant changes in Iraq is in the value of their currency...!?
Comments to share from my Kurdish friend:
As always treat all as rumor. Make no mistake about it: Iraqi has a named government BECAUSE of the pressure exerted upon THEIR leaders by OURS (US, Britain & others) and even then it went down to the wire. This is the norm going forward: Assistance being contingent on progress. Maliki being named VP is no big deal says my friend, it's a figurehead post. The budget?? Is it dependent on a "new reality rate" as reported by so many. My (economist) Kurdish contact says NO. They have (had) a "reality rate" of 1166 for a long time which will continue as they now focus on geographically unifying the country from the grips of ISIS. This is priority number one for the new government.
THIS IS WHERE WE ARE -- WE HAVE A FULL GOV THAT HAS TWO POSITIONS THAT WILL BE CHANGED THIS WEEK FROM A PROXY TO A PERMANENT --- THE GOV IS CONSIDERED BY THE INTERNATIONAL COMMUNITY AS UNIFIED AND ALSO COMPLETE -- THEY ARE SWORN IN AND WE HAVE MULTIPLE REPORTS STATING THAT IRAQ IS PREPARED TO MOVE TO A MARKET ECONOMY -- THIS MEANS DRIVEN BY SUPPLY AND DEMAND -- AND
WE ALSO HAVE A NEW AND PERMANENT GOVERNOR FOR CBI THAT HAS ALL POWERS TO DO THE WORK GIVEN TO CBI -- HE IS PLACED BY THE GOVERNMENT AND THEY OPERATE AS AN INDEPENDENT TO COMPLETE THEIR WORK FOR THE COUNTRY AND... WE HAVE THE INDIVIDUAL THAT IS GIVEN THE POSITION OF CURRENCY EXCHANGE WITHIN CBI PLACED IN HIS POSITION AS WELL.
"the Chairperson of the Committee Tamimi emphasized the need to move forward toward passing the bill the federal budget for 2014 and vote on them this month and a full-time to balance the 2015 beginning of the month of October next"
THIS IS SAYING THAT THE BUDGET WILL BE VOTED ON THIS MONTH SO THAT IT CAN BE OPENED ON TIME -- OCTOBER 1ST, 2014.
THE OPENING OF THE BUDGET WILL BE THE LAUNCH OF PAYMENTS TO ALL IRAQIS -- SO THEY WILL HAVE THE RATES SET FOR THEM TO EXCHANGE IN WHATEVER COUNTRY THEY ARE IN -- IRAQ OR ANY GLOBAL COUNTRY AND ALSO THE PAYMENTS TO COUNTRIES OWED.
CBI HAS STATED IN PRESS RELEASE THAT THEY DO NOT HAVE TO WAIT FOR THEM TO PASS THE BUDGET TO FUND THE ENTIRE ECONOMIC REFORM -- IT INCLUDES THE BANKING REFORM AND THE BANKS WILL BEGIN THEIR REFORM WITH OR WITHOUT THE BUDGET DUE TO THE INVESTMENT FUNDS FROM INTERNATIONAL INVESTORS THEY EXPECT TO HAVE IN BANKS. WE ARE NOT WAITING ON THE BUDGET --- ACCORDING TO THE PRESS RELEASE REPORT --- BUT WE ARE WAITING ON THE INTERNATIONAL RATES TO BE SET AND THE VALUE TO A REALITY RATE.
[via Blue...formerly BlueyesinLevis]
...currency reform could happen any second they decided to do it...not saying it will happen, but they can do this anytime they want. They don't need more laws, and they are in compliance with the IMF.
...there may be, MAY BE, 2 things they want to address: first, unraveling the Council of Ministers from the CBI. Maliki changed this a few years ago so that the CBI was directly under the COM. They will probably want to take steps to make the CBI an independent body once again as it states in the Constitution. Second...they will want to exonerate Shabibi of all charges...that it is definitely on Abadi's agenda but not completed yet.
Maliki...He is in a ceremonial position as VP of the Republic; he has NO power.
He cannot move into the President of Republic position if Masum falls down an elevator shaft. That process is in the Constitution and involves parliament electing another POR, who must be a Kurd.
They are working through a process and when the new Finance and Economic Committees get going, when IRAQ decides it's going to happen, it will happen. If it hasn't, it's because they aren't ready.
The New Iraq Prime Minister Haider Al Adabi will initiate economic reforms as he is more skilled in that area then fighting a terrorist organization. The delete the Zero's project will start in 2015 only after the Parliament Finance Committee agrees and the Iraqi Parliament pass a resolution allocating funds for the project.
The Reval is currently not on the agenda in the cabinet or Parliament meetings. Expect Central Bank governor Turki to be replaced by the end of the year.
"Basic premises of the Government's program"
"The strategic priorities of the government program ... provide housing, services, and social security"
This is the Iraqi government's priority list of sorts.. And the first three tell the story for the dinar.
Nothing is going to happen with the dinar this week, nor next week, nor the end of this month. Here is the proof!
Details...First: a stable and secure Iraq.
Secondly, upgrading service and living of the citizen.
Third: to encourage the shift towards private sector.
...first and foremost they must deal with ISIS first...it says.."First: a stable and secure Iraq"
So until the coalition kicks ISIS out of Iraq, we are in a holding pattern.
I have heard others (people in the know) say the same thing.
Clearly #2 and #3 are exactly what we want to read.
So we are in a good position and the dinar will be unleashed hopefully in the coming months once they get boot the scum bags out.
Let's all watch how fast that happens.
I am sure that they will work expeditiously to get step #1 done as soon as possible for sure. But it will take some time. The good news is we are on the right track and it does appear that changing the economic conditions are a huge priority for the new GOI. Going to be a fun next couple of months as we watch all this unfold.
CBI announcements yesterday were geared at informing the citizens of the proper places and procedures for exchanging foreign currency!
Why would they do that at this particular stage? What is different now?
...there's nothing but good news to share! The UN is singing praises on their progress, for the first time in recent history they are getting things done on schedule, and this baby is MOVING!
I am hearing extremely encouraging news from my contacts... things are getting real, they're getting exciting, and it's happening fast now.