Dinarland Highlights - 9.17.16
There is an effort now under way to recover nearly 60 billion that has been stolen from the CBI reserves and from the treasury on falsified contracts and other corruptive measures. The CBi reserves could literally climb over night to 2012 levels very quickly and as it could be months and not years and this would bring us to early 2017...we know they will not issue this 100,000 note until after the RV occurs and it is never going to be used on the streets of Iraq as it is intended for inter-banking transactions only. This we know as factual. So it could be many months or even years before we see this note. But I don’t think longer than months since common sense tells us they were in a budget crunch and so why spend so much money and tie up so much money getting this new note designed and printed now if they did not intend to launch it soon.
So the good news, if any, is that we now know 3 things are now FACTUAL and see these FACTS in writing from the CBI:
· Iraq does need the IMF’s permission to RV
· Iraq CBI needs to increase their reserve of hard currency now sitting in the CBI. It now is almost cut in half from what it was in 2012.
· the legislative track and other issues also have an impact on the exchange rate (so it appears Iraq does need some mandated laws...)
According to economists - once they are internationally integrated - their currency priced right, investment laws are properly amended and internationally accepted - THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY... (their actual words). When this happens - they will be a lot less dependent on oil income...far more diversified.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru