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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.

Guest Posting Now Available

Dinar Chronicles is now allowing viewers to guest post. If you wish to speak your mind and write a post/article about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject of your email entry should be: "Entry Post | (Title of your post) | Dinar Chronicles"

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"Speechless" - VERITAS Report - 12.7.16

Received via email by VERITAS at 11:22 AM EST. ~ Dinar Chronicles I am rarely at a loss for words, but "Busted" does that to ...

Friday, September 23, 2016

Dinarland Highlights for September 22, 2016

Dinarland Highlights - 9.22.16

My Ladies


...IF YOU GET RID OF THE NOISE AND READ THE FACTS YOU WILL SEE THAT WHAT IRAQ IS DOING IS NO DIFFERENT THAN WHAT ALL OTHER EMERGING MARKETS ARE DOING. MANY FOLKS IN THE COMMUNITY ARE JUST HYPER FOCUSED ON IRAQ AND THE STUDY OF THAT COUNTRY WHICH HAS LED TO ALL SORTS OF STORIES ABOUT WHAT NEEDS TO HAPPEN FIRST LIKE IS IT THIS LAW OR THAT LAW? IS IT THE RETAKING OF MOSUL? IS IT THE LYNCHING OF MALIKI? IS IT THE RETURNING OF SHABBIBI? WELL GOOD NEWS FOR ALL OF US NONE OF THIS MATTERS IN THE BIG PICTURE.

POLICY AND LAWS ARE IMPORTANT FOR THE SUSTAINABLE IRAQ, THAT’S A FACT...WHAT IS MORE IMPORTANT IS THE CONNECTION IRAQ CAN MAKE TO THE EXTERNAL FINANCIAL HUB. NOW DOES IT MATTER IF THE DINAR IS ELECTRONIC OR IN PAPER FORM? NO NOT AT ALL, BECAUSE ALL TRANSACTIONS ARE SETTLED DIGITALLY. NO ONE IS CHARGED WITH THE JOB OF MOVING CURRENCY FROM COUNTRY TO COUNTRY IN A WHEEL BARROW IT IS ALL DONE ELECTRONICALLY. WHEN IRAQ TALKS ABOUT THE E-DINAR THEY ARE TALKING ABOUT MAKING A CONNECTION TO THE EXTERNAL HUB. ...THE DINAR WILL TRADE...IT IS A FACT AND IS NECESSARY ACCORDING TO THE 2010 REFORMS, AS AN EMERGING MARKET THERE IS A PLACE FOR IRAQ ALONG WITH EVERYONE ELSE. THE WORLD DOES NOT NEED THE DINAR FOR ANYTHING BECAUSE THAT IS JUST HOW THE WORLD WORKS. THE DINAR WILL NOT BE THE SAVING GRACE FOR THE PLANET...

...PLEASE STOP WRITING AND SAYING...IRAQ HAS A WORTHLESS CURRENCY. THE CURRENCY IS ONLY WORTHLESS WHEN COMPARED TO THE DOLLAR. BUT SINCE THE DINAR DOES NOT CROSS BORDERS WHEN YOU SEE IRAQ BUYING THIS OR PAYING THAT THEY ARE DOING IT WITH USD. THE QI CARDS THAT YOU ALL TALK ABOUT PLEASE STOP SAYING THE CARDS ARE LOADED WITH 3$ OR 5$ BECAUSE THAT IS NOT POSSIBLE BECAUSE THE QI CARDS ARE DOMESTIC TO IRAQ! WHY ON EARTH WOULD THEY HAVE A FOREIGN EXCHANGE RATE INSIDE THEIR BORDERS? FOREIGN EXCHANGE RATES ONLY APPLY WHEN YOU CROSS BORDERS.

UNDERSTAND THAT IRAQ IS DOING NOTHING SPECIAL, IT IS NOT A WHITE ELEPHANT OR YELLOW UNICORN IT IS SIMPLY JUST ANOTHER EMERGING MARKET AND AS SUCH IT WILL NEED TO REACT AS ALL OTHER MARKETS DO AND THAT WILL BE TO TRADE INTERNATIONALLY. I CAN NOT SPEAK TO RATE AND NO ONE CAN…AND JUST BY READING HOW ALL THE OTHER COUNTRIES DROPPED THEIR ZEROS AND DEALT WITH REVALUATIONS I’M SURE IRAQ WILL FOLLOW SUIT. ...SIT TIGHT... THE LONG WAIT IS ALMOST OVER AND FOR ALL INTENTS AND PURPOSES THE CLOCK TO THE NEW SYSTEM STARTED IN DECEMBER OF 2015 WHEN THE CODE OF REFORMS WAS FINALLY ACTIVATED AND ALL EMERGING MARKETS HAVE BEEN FAST TRACKING SINCE THEN. I HAVE MUCH MORE TO SHARE WITH YOU...FOR NOW DIGEST ALL THAT I GAVE YOU... SMILE AND CALM DOWN. IT IS ALL GOOD.
______________________________________________________

Shredd


[Who pays for the delta/increase between the current rate and the increased rate we hope to receive?]

When you exchange your dinar for USD, the bank will verify the authenticity of the currency (either internally or with a vendor) and once the transaction is complete, the bank DOES NOT hold onto it but rather will exchange it again to USD with a foreign exchange dealer in what is referred to as the interbank market. The bank will set the rate based on the market and demand and will of course take their cut (spread). The foreign exchange market works through financial institutions, and it operates on several levels with few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions. If you sell your dinar back to the broker you purchased it from, they will exchange with a large bank and the above process takes place the same.

As far as who "pays" for the increase, we can't look at currency exchange as a finite transaction, a "one-and-done" if you will. Rather, it's an ongoing transaction...


1. You bought the dinar at a low rate (this is the part of investment where the investor makes their money....on the low buy)
2. The value grows (this is driven by the market and no transaction happens in this step)
3. You sell your dinar (you get the gain and the exchanging bank deposits the USD in your account after verifying)
4. The exchanging bank exchanges the dinar with the dealer (thus balancing their "paying" for the initial exchange)
​5. The dealer resells the dinar at the current rate (thus balancing their "paying" for the exchange bank's exchange)
6. The new buyer of the dinar ultimately "paid" for your initial exchange but they also hold the dinar at the new value and can exchange it again as the rate increases. Once they do, they balance what they "paid" for their purchase plus gained a bit since they chose to trade...and on and on it goes from here.

So, in summary, the "paying" for your exchange is passed on and the only entity that would ultimately lose money out of pocket per se would be the investor who was holding the dinar at the time if it would crash in value. This general rule applies in all levels of investment -- buying low and selling high. We just get the benefit of the biggest jump in the difference of the two! To that point, I personally plan on initially exchanging a certain percentage of my dinar and holding on to the remaining with the hopes of an even greater gain further down the road.
______________________________________________________

rcookie


Article quote:
"Hussain urged the government to sign more agreements air with other countries, especially that Iraq is on the verge of commercial traffic and open its market to foreign capital..."

IRAQ ON VERGE OF COMMERCIAL TRAFFIC AND OPEN ITS MARKET TO FOREIGN CAPITAL... BOULYAAAAAAAAAAAH!!!
______________________________________________________

mike


Article:
"House of Representatives withdraw confidence from the Minister of Finance and vote on bills"

I'm a little surprised this passed through Parliament, the Kurd's are not going to be happy having Zebari removed. In the middle of an offensive against Mosul, they let go of the Defense Minister, now while they're preparing the budget for 2017, they let go of the Finance Minister. To round it up, Iraq doesn't have an Interior, Defense or Finance Minister in the GOI, who's next, Abadi?
______________________________________________________

Dr. Clarke


lots & lots happening, friends...and quickly...and it's closed today (ISX Thursday). Our eyes are particularly focused on this Sunday - Monday and through to next Saturday. Crunch time...ALL meetings have gone well...so far.
______________________________________________________

firefly


Nobody seems to be talking about the UN meeting...With Abadi and Iraq. Big is putting it mildly. All I will say is it coincides with the previous G20 meeting in China. Also .... Zebari is going NOWHERE!
______________________________________________________

rcookie

...SAW PARLIAMENTS AGENDA FOR TOMORROW [THURSDAY]...1ST ITEM ON AGENDA...1ST READING FINANCIAL MANAGEMENT LAW...RIGHT FROM THE IMF LETTER OF INTENT/MEFP/TMU. BOULYAAAAAAAAAAAAAAAH!!!
______________________________________________________

SteveI

You get Mosul completely done, move the army to the border, and then finally great times ahead for all.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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