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TETELESTAI | 1-800 Numbers

This is where the 800#'s will be listed which will be included in the TETELESTAI post once published.

If there are no 800#'s, the TETELESTAI will still be published once given permission as it contains useful information prior to redeeming/exchanging your currencies.

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

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Saturday, September 17, 2016

Dinarland Highlights for September 16, 2016

Dinarland Highlights - 9.16.16

Kaperoni


Article:
"Parliamentary Finance calls to control the rate of the dinar against the dollar"

I will say it again...Balassa-Samuelson effect. Once they accept Article VIII (they have to stabilize the exchange rate, spread and meet other conditions first), they then will float the dinar to counter inflationary pressure created by the influx of investment and investors. This will cause the dinar to appreciate in value. It will not happen overnight, but it will happen gradually. With the introduction of the 50, 100, 200 planned for early 2017, we can hope that the dinar will be worth .10 cents by then.
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Frank26


[Do you think Frank that Iraq is going to meet the window that the IMF is giving them in the Arabic side of the CBI I believe November...?]

Well again I don’t know...that is what we are hoping for...but we will learn more about that status when they come back around the 18th...you think they are on vacation...you think they are celebrating Eid...no...no...they are working like dogs...because they cannot afford to bite the hand that feeds them any longer.
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Enorrste


...the IQD will be destroyed as they come in over time. It will take some time to reduce the money supply from 40 trillion dinars to 40 billion dinars. As this is done the value will increase. It must be done incrementally to avoid a liquidity crisis. With respect to the 50K notes they did NOT increase the money supply. They were issued in exchange for 25000 notes so it was an even exchange. The 25000 notes are either being held at the CBI (thus not part of the money supply, just as any new money held there is not part of the money supply until it is issued) or it has been destroyed. The slight rise in the money supply is caused by the CBI in order to maintain liquidity and has nothing directly to do with the 50K notes. ...the 50K notes have done their job: hence, no need for the 100K notes. That job was to initiate the removal of the 25K notes from people's mattresses. It will be excelerated by the offer of the dinar at 1200 per dollar through these major banks.
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Frank26


[are they on track for the fiscal RI...?]

Yeah... and I think when they come back we are going to learn more about that...not so much about the budget but more about the Monetary Reform which would lead them into the fiscal part...into the RI for us...the Monetary Reform...once they lift the value of their currency...their currency is ours to take for a ride up an escalator in value...a dinar will always be a dinar in the country...but outside the country whatever currency it is exchanged for...well that can be a different story.
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Bruce


...having the triple witching hour of the stock market happening tomorrow [Friday] is very important in terms of settling the stock market. The stock index futures, stock index options, stock options, all 3 areas need to settle in tomorrow’s [Friday's] market. They need the liquidity to settle all that. That should occur but needs a lot of new liquidity in the system. That maybe the trigger for this to go by that time. That is what we are trying to say with the triple witching hour. It happens 4 times a year. So far today [Thursday] , we know that the market are open and active available to trade. The faucet turned on so to speak all is running as far as liquidity point of view.

The rates are showing live on screens. The IEX is fully functioning ready to go. The CBI is connected of course already to the IEX and it is prepared for a rate adjustment to take place. We think since it is already hooked up, we are expecting this to occur. Regarding rates, we know the rates have been going up slightly. We are going to be in great shape in that. It is an important time for us and we are excited where we are...It is so close to receive this blessing.
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Mountain Goat


Eid is now over and parliament sessions returned on Thursday 9/15. Two major items we waited for was 1) the outcome of Zabari’s (finance minister) parliamentary vote on confidence and 2) the vote on the oil and gas law (HCL).

...I am talking to some really high up officials in the Iraqi government, the IMF and in the USA who are telling exactly what is needed and at what level of performance they expect from Iraq. ...They need an oil and gas law (HCL) passed in parliament before any turn-on of their currency to international markets. They even told us in a recent article this week that any significant increase it the value of he dinar is dependent on needed legislation. I quote from the article below – “the legislative track and other issues also have an impact on the exchange rate”...this article confirms that an oil and gas law is required.
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ADMINBILL



THE INFORMATION I AM GETTING IS SKETCHY AND WITH NO RESULTS IN THE END. IT IS NOT THAT THE SOURCES THAT PROVIDE THE INFORMATION ARE WRONG, THEY ARE NOT GIVEN THE COMPLETE PICTURE. I HOPE TO HAVE MORE TODAY. AFTER SO MANY GOOD REPORTS LAST WEEK THIS WEEK HAS BEEN SOMEWHAT DISAPPOINTING. LET'S SEE IF IT CHANGES TODAY.
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Frank26


I feel good about what they have done last week in that meeting [IMF?] and...they are going to have continued negotiations going into November...September, October and part of November...and I hope that maybe when they come back from this holiday...they come back around the 18th I believe...I think they are going to come back with a lot of news...a lot more information...more transparency...what did we say...once they give you Fallujah...transparency of the Economic Reforms...you see it...what did we tell you the moment they give you Mosul...the transparency of the Monetary Reform...and when they come back we are going to have a plethora of information about the Monetary Reform...more talk from the CBI….more talk from Dr. Shabibi...IMO...
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mike


...this ride has been going for so long now folks get confused about the note count. The Finance committee said in 2014 that Iraq's current note count of roughly 4 billion notes would be reduced to roughly 1 billion once the value was raised. I can't see any way for them to reduce note count until they raise the value...

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

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