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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.

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

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Featured Post

"Other Purposes" - RV Update - Congress - December 3, 2016

Received via email at 9:02 PM EST for publication. ~ Dinar Chronicles H.Res.934 - Providing for consideration of the Senate amendment t...

Wednesday, October 26, 2016

"Big Distraction" - Update from KTFA Backdoc 10-26-16

KTFA

BACKDOC
 » October 26th, 2016


REMEMBER, IRAN SAID ITS' FOREX VALUE WOULD MEET A REALITY VALUE IN OCTOBER. WELL, ITS OCTOBER HEE HEE

THEY ALSO SAID ITS' TWO PAYMENT SYSTEM WOULD BECOME ONE BY MARCH 20TH WHICH IS THEIR NEW YEAR! THIS MEANS THEY WILL BE FULLY DIGITAL BY THEN! ITS FOREX WILL NO LONGER BE NEEDED! LOL

ITS NO SURPRISE THE U.S. CREATED SO MUCH DRAMA ABOUT IRAN NOT BEING ABLE TO ACCESS THE SWIFT SYSTEM.

THIS WAS A GREAT WAY TO HELP IRAN COMPLETE ITS MONETARY REFORM WHILE SATISFYING POLITICAL DRAMA AT HOME.

IRAN WILL USE THE CIPS SYTEM WHICH IS DIGITAL ANYWAY! SLAP! MAS WILL FACILITATE THE 100 BOEING PLANES FROM THE U.S. TO BE SOLD!

IT'S SHIA BROTHER (Iraq) IS IN THE SAME PROCESS IMO! "THE DEAL"

I'VE BEEN LOOKING FOR A BIG DISTRACTION DAY.

THE IMF SAID THEY WOULD COMPLETE THEIR REVIEW FOR THE SECOND LOAN DISBURSEMENT ON NOVEMBER 7TH OR DECEMBER 7TH!

I LIKE COMPLETION ON THE 7TH!

DO YOU THINK THIS ELECTION WOULD BE GOOD COVER FOR BIG FINANCIAL MOVE? IT IS THE 8TH YOU KNOW!

NOV. OR DEC.????

THERE IS ALSO THE FED ISSUE ON RAISING INTEREST RATES LOOMING WHICH COULD ALSO WORK FOR DECEMBER!

ENJOY THE ACTIONS OF THE NEXT FEW DAYS MY FRIENDS, "ACTIONS MEAN THINGS" !!!

8@8, DOC IMO

Walkingstick » October 26th, 2016

BR.... IRAN Wednesday, October 26, 2016

Singapore Officials Briefed on Enhanced Banking Procedures

Singapore and Iran have agreed to expand banking ties following the lifting of economic sanctions. This was decided in a meeting between the heads of two countries' central banks.

"The Central Bank of Iran is willing to support banks in Iran and Singapore in order to start two-way collaboration," the CBI official website quoted central bank governor, Valiollah Seif, as saying.

Seif, who had travelled to Singapore at the head of a delegation, met with his counterpart Ravi Menon, managing director of Monetary Authority of Singapore, the country's central bank.

"To employ banking services and to execute business deals between the two countries, Iranian and Singaporean businesses need a variety of services including letters of credit and bank guarantees to avoid potential risks in their business activities," he said.

After being briefed on Iran's ongoing negotiations with other countries to reestablish correspondent banking relations, Menon asked for further talks and meetings between the banking sectors in both countries to "clear ambiguities and expand banking ties".

The senior Singaporean official said his country will only implement resolutions passed by the United Nations. "Other sanctions such as those decreed by the American Office of Foreign Assets Control are not notable and this has been communicated to Singapore's banking system," he was quoted as saying..

Seif noted that efforts undertaken in Iran to conform to international standards are important and worthy of attention, saying Iran's banking system has been hard at work to make its financial statements more transparent by implementing laws passed by the Majlis on combating money laundering and financing of terrorism. "In this regard, the central bank has helped in executing legislation" from the Iranian Parliament.

He termed the efforts of Iranian banks in complying with international norms s "progressive" and "updated".

As international banks are not familiar with the current conditions and operating procedures of Iranian banks, he said, "there are always concerns that this could cause problems in collaboration with Iran's banking sector. But these concerns can be addressed through constructive engagement between the two countries."

Ties with ABS

The CBI chief and his entourage also called on the head of the Association of Banks in Singapore (ABS) to introduce Iran's banking system and create and develop correspondent banking relations.

According to its website, ABS is governed by a council comprising 18 members drawn from the senior managerial ranks of the three local banks and 15 foreign banks. The body is chaired by a local bank (DBS Bank, OCBC Bank or UOB), with the chairmanship rotated every two years.

During the meeting which was attended by top-tier officials of UOB, BTMU, ICBC and DBS, Seif presented a report on the changes that have taken place since the lifting of the international sanctions in January. "The potential for economic collaboration between Iran and Singapore should be fulfilled and expansion of banking systems as a result a expanding trade links is a prerequisite to achieving that goal."

The head of the Money and Credit Council pointed to the United Arab Emirates, which has shaped its economy based on a policy to re-export its commodities and services in the region. He proposed that with the goal of generating added value in the economy, Singapore can become more active in this area.

A Singaporean banking delegation from DBS had earlier visited Iran to open accounts for the central bank and Iran's banking system in order to expand banking ties and ease business relations between the two nations.

https://financialtribune.com/articles/economy-business-and-markets/52300/singapore-officials-briefed-on-enhanced-banking

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