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1-800#'s and Instructions for Currency Redemption/Exchange

This is where the 800 numbers and instructions for currency redemption (US) and currency exchange (international) will be posted. This part of the page will remain until the "TETELESTAI" email has been distributed to us. Thank you.

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Wednesday, August 24, 2016

IQD RV Update with Enorrste: "Money Supply"

Article:

"Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market"

Kap's [Guru Kaperoni] quote of the following makes this perfectly clear:

"The new offering is a partial solution to the problem of the Iraqi currency after the CBI dismissed an earlier decision to delete the three zeroes from the local currency and opted to balance the exchange rate of the dinar against foreign currencies in a basket. He states that the new category is not added cash, but rather will facilitate with withdrawal of less value categories and equivalent the size of the presented bank notes. The amount of the currency raised will be nearly 40 trillion dinars which will be at same time put small categories in process and prevent inflation."

One doesn't just print 100000 dinar notes and then start passing them out to people. The notes are brought into circulation ONLY in exchange for other notes. There is no other way to introduce them, quite frankly. The increase of money supply has nothing to do with the notes themselves.

Money supply is increased or decreased through monetary actions of the CBI (changing reserve requirements, interest rates, etc.). The bills themselves do not raise the money supply. They are only carriers of the money supply. The quote above clearly states that the introduction of the large notes "is not added cash." What could be more clear than this statement? Simply put, you can't just "add cash" in any case: someone has to buy the large notes with smaller notes. It is at worst an even exchange. At best however, as the quote above clearly states, the smaller notes brought in through the even exchange are "withdrawn" by the CBI, thus either maintaining or LOWERING the money supply rather than increasing it. This is simple economics: the money supply doesn't change by printing notes! It changes by CBI actions in the monetary markets. The money itself is only a "carrier", not a vehicle of change upward in the supply. In fact, as the CBI burns old notes the money itself can ONLY reduce the money supply, and NEVER increase it. No one just prints notes and hands them out for free!

Enorrste

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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