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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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Featured Post

VERITAS Q&A for December 4, 2016

Received via email by VERITAS at 11:05 PM EST. ~ Dinar Chronicles THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. CONSULT A LICENSED P...

Wednesday, September 21, 2016

"World Currencies and their Pegs" - MyLadies Update 9-21-16

GOOD AFTERNOON EVERYONE I’M BACK TO ANSWER A FEW QUESTIONS AND TO SHARE WITH YOU WHAT IS HAPPENING WITH ALL FOREIGN CURRENCIES ACCORDING TO FACTS AND NOT MY OPINION AND IN THE LIST OF CURRENCIES SITS THE DINAR.

SOME OF YOU MAY BE SECOND GUESSING YOU INVESTMENT DECISION AND SOME OF YOU MAY JUST BE CONFUSED, SO LET’S SEE IF WE GET THROUGH THIS WRITING AND COME OUT THE OTHER SIDE FEELING BETTER. OK?

BEFORE WE START I NEED TO THANK MY ROOM BECAUSE WITH OUT THEIR TIRELESS EFFORTS I WOULD NEVER BE ABLE TO DO WHAT I DO.

FOR THE PAST YEAR I HAVE FOCUSED MY EFFORTS TO THE GLOBAL MONETARY SYSTEM. I DID THIS BECAUSE I NEEDED TO HAVE ANSWERS TOO AND I WAS STARTING TO THINK THAT MAYBE THE DINAR INVESTMENT WAS A PIPE DREAM

BUT YOU SEE I HAVE A MUCH CLEARER UNDERSTANDING NOW AND THERE IS A NEW SYSTEM UPON US RIGHT NOW THAT NO ONE IN DINAR LAND IS EVEN TALKING ABOUT. THAT’S RIGHT NO ONE!

WHAT IS BEING TALKED ABOUT IS A LOT OF NOISE ABOUT SECRETS AND HE SAID/SHE SAID AND YEAR AFTER YEAR THE SAME RHETORIC AND IT SEEMS LIKE THERE ARE NO RESULTS AND FOLKS ARE GETTING FRUSTRATED AND DISCOURAGED.

I WANT TO TELL THE FOLKS HERE THAT HAVE A REAL INTEREST IN UNDERSTANDING WHAT IS GOING ON TO PLEASE READ ON BECAUSE I WILL SHOW YOU WHY IRAQ ALONG WITH OTHER COUNTRIES WILL COME TO BE INTERNATIONALLY TRADED.

YOU SEE RIGHT NOW ACCORDING TO THE CURRENCY BOARD IRAQ HAS WHAT IS CALLED A STABILIZED AGREEMENT WITH A USD ANCHOR.

NOW FOR THOSE WHO WANT TO LISTEN to THE DINAR NOISE AND IRRESPONSIBLE RANTINGS OF SECRET INTEL AND SECRET HIGH SOURCES WELL THIS WRITING IS PROBABLY NOT FOR YOU AND PERHAPS YOU SHOULD NOT READ ANY FURTHER BECAUSE THAT TYPE OF WRITING IS NOT MY STYLE.

I DO NOT HAVE SECRET SOURCES, OR SECRET INTEL. FOR THOSE THAT ARE NEW AND DO NOT KNOW ME I DO NOT HAVE A WEB SITE I DO NOT HAVE ANY AGENDA AT ALL, I HAVE A SMALL, VERY VERY SMALL SKYPE ROOM THAT I SHARE WITH LIKE MINDED PEOPLE AND WE ROUND TABLE DISCUSS GLOBAL ECONOMY ONLY.

THIS WRITING IS GOING TO BE LONG AND IT’S GOING BE IN DEPTH AND AS ALWAYS I WILL BACK UP EVERY SINGLE WORD I WRITE WITH LINKS THAT YOU MAY GO STUDY ON YOUR OWN.

GRANTED THIS STUDY IS VERY IN DEPTH BUT I DO NOT ACT IRRESPONSIBLY BY JUST MAKING THINGS UP AS I GO ALONG AND TAKE FOLKS ON EMOTIONAL RIDES, THAT IS NOT HEALTHY FOR ANYONE.

ALRIGHT IF YOUR ALL COMFY LET’S GET STARTED.

I WANT TO START WITH A VERY COMMON MISUNDERSTANDING AND THAT IS THE LETTERS GCR,

BROTHER IS THIS ONE OF THE MISUSED AND CASUALLY THROWN AROUND ACRONYM EVER? SO WHAT IS A GCR??? YOU CAN NOT FIND IT ANYWHERE IN A GOOGLE SEARCH EXCEPT ON BLOG SITES. DO YOU KNOW WHY? BECAUSE THERE IS NO SUCH THING, THIS TOPIC IS SO MISUNDERSTOOD SO LET’S START HERE OK?

WE NEED TO LOOK AT WORLD CURRENCIES AND THEIR PEGS AND THEIR EXCHANGE REGIME AND WE NEED RO UNDERSTAND WHAT THE CURRENCY BOARD IS AND HOW FOREIGN CURRENCIES WORK AND THEN WE WILL BE ABLE TO UNDERSTAND THAT NEVER EVER EVER EVER CAN A BUTTON BE PUSHED AND ALL THESE CURRENCIES CHANGE VALUE AT THE SAME TIME. SO LET’S LOOK AT WHO MONITORS WHAT.

(OH AND YES I HAVE SEEN THE MSNBC (Bloomberg) VIDEO FROM A FEW YEARS BACK WHERE THE GUEST SAID WE WILL GO TO SLEEP ONE NIGHT AND WAKE UP IN THE MORNING AND ALL NEW PRICES WILL BE POSTED. FOLKS HE WAS BEING FACETIOUS.)

ALRIGHT NOW LET’S LOOK AT ALL THE CURRENCIES OF THE ENTIRE WORLD AND SEE WHAT TYPE OF PEG AND EXCHANGE REGIME THEY HAVE OK.
https://en.wikipedia.org/wiki/List_of_countries_by_exchange_rate_regime

SO YOU SAW CURRENCY BOARD CURRENCIES, AND CONVENTIONAL PEG CURRENCIES, AND PEGGED CURRENCIES WITH HORIZONTAL BANDS, AND CRAWLING PEGS, AND MANAGED FLOATS AND INDEPENDENT FLOATS, AND ALL SORTS OF DIFFERENT EXCHANGE REGIMES.

NOW IF YOU WANT TO KNOW WHAT EACH OF THESE TYPES ARE THE IMF HAS DEFINED THEM JUST PERFECTLY HERE.
https://www.imf.org/external/np/mfd/er/2003/eng/1203.htm

FOR THOSE THAT WANT TO UNDERSTAND MORE YOU CAN READ THIS WORKING PAPER THAT HAS BEEN DONE BY THE EUROPEAN CENTRAL BANK WHICH EXPLAINS EXCHANGE RATE ANCHORING ACROSS 149 EMERGING MARKETS AS WELL AS DEVELOPED COUNTRIES.
https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1353.pdf

OK SO NOW THAT YOU UNDERSTAND WHAT CURRENCIES ARE AND HOW THEY WORK WOULD ANYONE LIKE TO TELL ME IN REALITY HOW ALL OF THIS WILL RESET TO NEW RATES IN THE PUSH OF A BUTTON???

BUT YOU KNOW WHAT IS POSSIBLE?

IT IS VERY POSSIBLE FOR THESE CURRENCIES TO RESET SOME UP SOME DOWN SOME WILL CHANGE REGIMES INDEPENDENTLY. AND THAT FRIENDS IS EXACTLY WHAT IS HAPPENING AND HAS BEEN HAPPENING FOR THE LAST FEW YEARS.

BUT LET’S STUDY ON LET’S LOOK AT COUNTRIES THAT HAVE DROPPED THE ZEROS AND COUNTRIES THAT HAVE RESET THEIR PRICES BECAUSE THERE ARE SO MANY OF THEM, I WILL GIVE YOU A SHORT LIST SO YOU GET THE IDEA BECAUSE THE REAL LIST IS VERY LONG.

BULGARIA
http://www.focus-fen.net/news/2016/07/01/408917/bulgarian-pm-the-more-united-europe-wishes-to-be-the-more-natural-it-is-for-everyone-to-have-one-single-european-currency.html
http://www.novinite.com/articles/175241/Juncker+Said+to+Be+Planning+Introduction+of+Euro+by+All+EU+Member+States+after+Brexit

ERITREA
Some Experts Wary of Eritrean Currency Redemption Plan
http://www.voanews.com/content/eritrea-currency-replacement-program-assessed/3073554.html
Eritrean President says new Nakfa currency notes to strengthen economy
http://www.caperi.com/eritrean-president-says-new-nakfa-currency-notes-to-strengthen-economy/

SOUTH SUDAN
The South Sudanese Pound (SSP) has depreciated since December 2015 when the Central Bank devalued the currency against the dollar. Currently $1 is about SSP50.
http://www.sudantribune.com/spip.php?article59388
South Sudan Devalues Currency by 84% as Dollar Peg Abandoned
http://www.bloomberg.com/news/articles/2015-12-15/south-sudan-devalues-currency-by-84-as-dollar-peg-abandoned

TURKMENISTAN

New Money
http://www.imf.org/external/pubs/ft/fandd/2013/12/lonnberg.htm
Turkmenistan limits money transfers abroad
http://www.reuters.com/article/turkmenistan-forex-idUSL8N15G3V9
Turkmenistan: Learning to Live With a Dollar Drought
http://www.eurasianet.org/node/76826

MOROCCO
Morocco Cuts Euro for More Dollars in New Currency Weighting
http://www.bloomberg.com/news/articles/2015-04-13/morocco-central-bank-revises-currency-basket-weightings
Korea
Korean Economy News
http://www.kita.org/global/ecoView.do?seq=16964&searchWrd=&pageIndex=1

NAMIBIA
Namibia: Vulnerability of Namibia's Economy Discussed
http://allafrica.com/stories/201607010664.html
Bank of Nam studies effects of exchange-rate pass-through
http://southernafrican.news/2016/07/01/bank-of-nam-studies-effects-of-exchange-rate-pass-through/

ZIMBABWE
Rand Adoption Long Overdue
https://www.dailynews.co.zw/articles/2016/06/15/rand-adoption-long-overdue


SWAZILAND
Old coins now exchanged at Swazi Post
http://www.observer.org.sz/news/81010-old-coins-now-exchanged-at-swazi-post.html
ABOUT E66 MILLION WORTH OF OLD COINS TO BE PHASED OUT
http://www.observer.org.sz/business/81046-about-e66-million-worth-of-old-coins-to-be-phased-out.html

IRAQ
Iraq central bank devalues dinar as oil prices hurt income
http://www.reuters.com/article/us-iraq-economy-frx-idUSKBN0U40O020151221

NIGERIA
Nigerian naira tumbles 23 percent against dollar after currency peg ends
http://www.timeslive.co.za/africa/2016/06/20/Nigerian-naira-tumbles-23-percent-against-dollar-after-currency-peg-ends
Devalued Naira Too Hot for Traders Seeing Further Currency Slide
http://www.bloomberg.com/news/articles/2016-06-28/devalued-naira-too-hot-for-traders-seeing-further-currency-slide

KAZAKHSTAN
Kazakhstan may peg green subsidies to US dollar
http://www.pv-magazine.com/news/details/beitrag/kazakhstan-may-peg-green-subsidies-to-us-dollar_100023017/#ixzz4DAsycS6I
The tenge rate began to fall in August 2015, after the National Bank of Kazakhstan passed to a floating rate
http://en.trend.az/business/economy/2544567.html

Vietnam
Vietnam's Currency Drops to Limit of Trading Band for First Time
http://www.bloomberg.com/news/articles/2015-12-23/vietnam-s-currency-drops-to-limit-of-trading-band-for-first-time

MALDIVES
Maldives to launch new currency series
http://www.india.com/news/world/maldives-to-launch-new-currency-series-606497

SURINAME

Suriname devalues local currency
http://www.jamaicaobserver.com/news/Suriname-devalues-local-currency

TRINIDAD AND TOBAGO
IMF SAYS DEVALUE
http://newsday.co.tt/news/0,229927.html
IMF says further contraction of Trinidad and Tobago economy this year
http://www.jamaicaobserver.com/news/IMF-says-further-contraction-of-Trinidad-and-Tobago-economy-this-year

SRI LANKA
Sri Lanka currency now competitive after float: CB Governor
http://www.lankabusinessonline.com/sri-lanka-currency-now-competitive-after-float-cb-governor/

TAJIKISTAN
Tajik Authorities Blame Currency Dealers in Devaluation –
http://www.silkroadreporters.com/2015/12/02/tajik-authorities-blame-currency-dealers-in-devaluation/#sthash.54c1we78.dpuf
Draconian Rules in Tajikistan Fail to Stem Currency Slide
http://www.eurasianet.org/node/76716

YEMEN
Beware of the failure of Yemen’s central bank
http://www.al-monitor.com/pulse/originals/2016/05/yemen-central-bank-foreign-reserves-war-economy.html#ixzz4DB6UGUvB

ANGOLA
Angola analyses the impact of devaluation of the currency on public works
http://www.macauhub.com.mo/en/2016/06/08/angola-analyses-the-impact-of-devaluation-of-the-currency-on-public-works/
Devaluation of Angola’s currency is due to market fluctuations
http://www.macauhub.com.mo/en/2015/06/17/devaluation-of-angolas-currency-is-due-to-market-fluctuations/

AZERBAIJAN

President’s aide: Azerbaijan's currency regaining its fundamental value
http://en.trend.az/azerbaijan/business/2548434.html
Fitch: Azerbaijan restores trust to national currency
http://www.azernews.az/business/98664.html

EGYPT
Egypt Devalues Currency as Central Bank Looks to Ease Dollar Shortage
http://www.wsj.com/articles/egypt-devalues-currency-as-central-bank-looks-to-ease-dollar-shortage-1457956519
Crippling dollar shortage forces Egypt to devalue currency 13%
https://www.rt.com/business/335519-economy-egypt-devaluation-currency/

HONDURAS
Honduran Currency to be Liberalized, Fears of Devaluation
http://www.telesurtv.net/english/news/Honduran-Currency-to-be-Liberalized-Fears-of-Devaluation-20150108-0037.html

UZBEKISTAN

Five Countries Being Squeezed by Currency Pegs
http://www.bloomberg.com/news/articles/2016-02-14/black-market-dollars-at-136-mark-up-show-true-pain-of-the-pegs

TUNISIA
Tunisia-TD depreciation: we let it go because we cannot afford to intervene,” says BCT
http://africanmanager.com/site_eng/tunisia-td-depreciation-we-let-it-go-because-we-cannot-afford-to-intervene-says-bct/?v=7516fd43adaa

TONGA
Tonga launches new currency to mark Coronation
http://www.radionz.co.nz/international/pacific-news/277503/tonga-launches-new-currency-to-mark-coronation

ALGERIA

Algeria replaces central bank chief as dinar weakens
http://www.bdlive.co.za/africa/africannews/2016/06/02/algeria-replaces-central-bank-chief-as-dinar-weakens

SYRIA
Syrian pound falls below 500 per dollar
http://news.trust.org/item/20160324141350-kylur

MIRAMAR

GE’s Man in Myanmar Sees Asia’s Best Currency Boosting Economy
http://www.bloomberg.com/news/articles/2016-05-31/asia-s-best-currency-gain-marks-myanmar-escape-from-dictatorship

RWANDA
Rwanda's central bank sells dollars to shore up franc
http://af.reuters.com/article/commoditiesNews/idAFL8N19K4XS

KYRGYZSTAN
Kyrgyzstan’s national currency strengthens by 11.3 percent since beginning of year
http://www.eng.24.kg/economics/181014-news24.html

MY LADIES: ARE YOU STARTING TO SEE THE PICTURE HERE?

CURRENCIES HAVE BEEN RESETTING FOR A WHILE ALREADY. SO WE HAVE TO WONDER WHY IS THIS HAPPENING NOW WHAT’S GOING ON?

WELL TO ANSWER THAT YOU NEED TO KNOW WHAT THE IMF 2010 CODE OF REFORMS ARE.

https://blog-imfdirect.imf.org/2010/12/28/2010-the-year-of-imf-reform/

In November 2010, the IMF agreed wide-ranging governance reforms to reflect the increasing importance of emerging market countries. The reforms also ensure that smaller developing countries will retain their influence in the IMF.

HERE ARE VIDEOS FOR YOU TO WATCH
http://www.imf.org/external/np/exr/govern/

AND HERE IS WHEN THE U.S. FINALLY AGREED AND SIGNED THE REFORMS

Press Release: IMF Managing Director Christine Lagarde Welcomes U.S. Congressional Approval of the 2010 Quota and Governance Reforms

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today welcomed the adoption of legislation by the U.S. Congress to authorize the 2010 Quota and Governance Reforms.

“The United States Congress approval of these reforms is a welcome and crucial step forward that will strengthen the IMF in its role of supporting global financial stability. The reforms significantly increase the IMF's core resources, enabling us to respond to crises more effectively, and also improve the IMF's governance by better reflecting the increasing role of dynamic emerging and developing countries in the global economy.

“A more representative, modern IMF will be even better equipped to meet the needs of all its 188 member countries in the 21st century.”

https://www.imf.org/en/News/Articles/2015/09/14/01/49/pr15573

THAT LINK IS JUST FULL OF INFORMATION FOR YOU. AND HERE IS SOME MORE FOR YOU

Senate passes IMF reform in budget bill

http://www.reuters.com/article/us-usa-fiscal-imf-idUSKBN0U204J20151219

Congress Approves IMF Change in Favor of Emerging Markets

http://www.bloomberg.com/news/articles/2015-12-18/congress-approves-imf-changes-giving-emerging-markets-more-sway

ALRIGHT SO NOW YOU UNDERSTAND WHAT THE 2010 REFORMS ARE AND IF YOU READ THE WORKING PAPER ON THE REFORMS AND READ THE OVERHAUL OF QUOTAS AND GOVERNANCE YOU WILL SEE THAT ALL THESE COUNTRIES ARE FOLLOWING THE CODE TO THE LETTER.

NOW I KNOW THIS IS A LOT OF READING BUT GUESS WHAT IRAQ IS A PART OF ALL OF THIS TOO. YOU SEE IRAQ IS AN EMERGING MARKET AND IRAQ IS HAVING THEIR QUOTAS REDONE TOO.

IT IS ALL ON THE IMF WEBSITE AND NOW YOU HAVE THE LINKS TO DO YOUR OWN READING.

OK SO MOVING ALONG TO THE NEXT THING I WANT TO PROVIDE YOU WITH THE LINK SO YOU CAN SEE OVER THE LAST FEW YEARS THE LETTERS OF INTENT GIVEN TO THE IMF AND A LIST OF THE COUNTRIES THAT ARE BORROWING MONEY TO HELP GET THEIR POLICY AND INFRASTRUCTURE TOGETHER SO THEY CAN BE A MORE PRODUCTIVE PART OF THE GLOBAL ECONOMY.

http://www.imf.org/external/ns/search.aspx?lan=eng&NewQuery=letter%20of%20intent&col=SITENG&Filter_Val=N&page=1&sort=date&iso=&requestfrom=country&countryname=

GUESS WHAT IRAQ IS ALSO A PART OF THAT TOO. AND NOW I GIVE YOU A LINK FOR ALL THE COUNTRIES THAT THE IMF HAS GIVEN LOANS TOO. AND GUESS WHAT IRAQ IS THERE TOO.

http://www.imf.org/external/np/exr/map/lending/index.htm

AND HERE ARE THE IMF LENDING ARRANGEMENTS
http://www.imf.org/external/np/fin/tad/extarr11.aspx?memberKey1=ZZZZ&date1key=2020-02-28

GUESS WHAT IRAQ IS THERE TOO. NOW LASTLY I GIVE YOU THE IMF LENDING FACT SHEET AND GUESS WHAT IRAQ MEETS ALL THOSE REQUIREMENTS TOO!

http://www.imf.org/external/np/exr/facts/howlend.htm

SO WHAT AM I TRYING TO SAY WITH ALL OF THIS???

I’M TRYING TO SAY THAT 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. DO YOU UNDERSTAND?

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 NEED 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?

OH MY GOSH THE LIST GOES ON AND ON AND DAY AFTER DAY WEEK AFTER WEEK MONTH AFTER MONTH AND YEAR AFTER YEAR AND STILL THE DINAR DOES NOT TRADE!

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 AND IF YOU WANT TO STUDY THOSE LAWS AND THEIR GOVERNMENT THEN HAVE IT

READING IS A WONDERFUL THING BUT 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.

NOW I CAN TELL YOU ONCE AGAIN THAT THE DINAR WILL TRADE AND NOT BECAUSE IT IS MY OPINION BUT BECAUSE 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.

AFTER READING THE EXCHANGE LINKS YOU CAN SEE THAT 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 SAYING THAT TOO BECAUSE IT JUST SHOWS HOW LITTLE YOU UNDERSTAND ABOUT FINANCE.

AND IF YOU’RE EXPECTING TO MAKE A FEW BUCKS ON THIS INVESTMENT YOU BETTER HURRY UP AND GET A CLUE ABOUT HOW THE WORLD WORKS.

THERE IS ONE LAST THING I WANT TO SAY AND THAT IS PLEASE STOP WRITING AND SAYING THINGS LIKE 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. SO THAT ANSWERS THAT QUESTION FOR YOU.

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!! HERE READ IT http://qicard.net/microsite/en/

WHY ON EARTH WOULD THEY HAVE A FOREIGN EXCHANGE RATE INSIDE THEIR BORDERS????

THAT IS LIKE SAYING THAT YOUR DEBIT CARD IS LOADED WITH THE VALUE OF THE DINAR!! IT DOES NOT EVEN MAKE SENSE. FOREIGN EXCHANGE RATES ONLY APPLY WHEN YOU CROSS BORDERS.

What is the 'Foreign Exchange'

Foreign exchange is the exchange of one currency for another or the conversion of one currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around the clock.

http://www.investopedia.com/terms/f/foreign-exchange.asp

PLEASE READ THIS AND UNDERSTAND HOW IT WORKS.

I WILL COME BACK AND EXPLAIN MORE ABOUT THE NEW SYSTEM AND WHERE THE FUNDS FOR GLOBAL CHANGE ARE COMING FROM BUT FOR NOW I WANT YOU ALL TO REST EASY AND 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.

AND FRIENDS IF YOU OWN DINAR THAT IS WHAT YOU WANT.

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.

IN MY OPINION I AM SAYING IF YOU ARE ALREADY IN THIS INVESTMENT 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 WHERE THE TRAIN IS NOW AND I WILL BE BACK TO DO THAT IF YOU ARE INTERESTED TO HEAR.

YOU LET ME KNOW. FOR NOW DIGEST ALL THAT I GAVE YOU AND SMILE AND CALM DOWN. IT IS ALL GOOD. LET ME KNOW IF YOU WANT MORE.

LOVE TO ALL …MY LADIES

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Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More