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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.

(Note: The TETELESTAI post is the official "Go" for redemption/exchange. Despite Yosef's departure, it will still be sent out for publication when the time comes.)

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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Featured Post

RV Intel/Thoughts/News - All Posts for December 9, 2016

Below is a list of all of the content posted for Friday, December 9, 2016. This will be useful for those of you who may have missed somethin...

Tuesday, October 25, 2016

Dinarland Highlights for October 24, 2016

Dinarland Highlights - 10.24.16

Frank26


"A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..."

"The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar."

How quickly one's starvation can cause one to forget that only the CBI can make such a statement. Yes...Moments after they give You Mosul it may equal the MR. Note...You have no Mosul yet. So if someone from over there believes in their opinion that the MR is done or announced...Fine...But one should only Trust via Verification from...The CBI. But know this...IMF meetings are within days. Have to admit...Am very Fascinated by this. [Guru] DELTA says it is a legit Newspaper from Iraq.
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BGG


I don't know - how with the AVALANCHE of news lately - anyone can be anything be VERY optimistic.
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Kaperoni


Article:
"Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar against the dollar"

Quote:
"...the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market...the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar"

...if they are talking about the spread, it is a good thing that they reduce it since currently its 1294 which is way over the 2% requirement. But I do like the words..."a significant rise in price against the US dollar".
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AdminBill


Article quotes:
"A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..."

"...the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar."

I KNOW THERE HAS BEEN SOME VERY INTERESTING NEWS ARTICLES FROM IRAQ TODAY BUT PLEASE BEAR IN MIND THAT WE MUST STAY FOCUSED ON WHAT IS REAL. I HAVE TALKED TO A FEW PEOPLE I TRUST THAT HAVE TOLD ME THEY ARE HEARING THEY ARE NEARING THE END. ...IF THEY GO WE WILL KNOW IT. 
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mike


Article quotes:
"...the parliamentary finance committee revealed on Monday, projected in the budget of 2017, which is estimated B79 billion dinars revenue, in addition to the total expenditure of 100 billion dinars."

"stressing at the same time, "deducting a percentage of 4.8% of all employees' salaries and retired, to support the popular crowd and the displaced."

I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto.
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BGG


Kaperoni - Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors. I agree with the idea that the CBI's monetary policy must change... however, I am not convinced a "pure float" is anywhere close to what they have planned. In fact, several key documents plainly state otherwise.

[...they could go to 500 dinar per dollar and float from there couldn't they. That would more than double the value...]

They COULD do a lot of things... but that is not the characterization they've laid out in their official documents. Over and over...IMHO - they've told us what they intend to do. ...it is widely recognized the IQD is "grossly under-valued"...

[.86 to 1.18?]

I like where your head's at!!
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My Ladies


Article:
"CENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!"

YES AND IT WILL RAISE SIGNIFICANTLY...RIGHT NOW THE BLACK MARKET IS AT 1300+ SO THEY WILL LIFT THE RATE TO CLOSE THAT GAP BUT IT WILL STILL NEVER SEE THE POSITIVE SIDE OF A DOLLAR...YOU NEED TO UNDERSTAND THERE IS A GAP BETWEEN THE OFFICIAL EXCHANGE RATE OF THE DINAR WHICH IS 1182 AND THE BLACK MARKET RATE WHICH IS 1300+ DINAR TO THE DOLLAR. NOW IF IRAQ DOES WHAT IT NEEDS TO DO TO CLOSE THAT GAP THAT WILL BE RAISING THE “PRICE” DINAR AGAINST THE DOLLAR WHICH WILL MAKE THE OFFICIAL RATE CLOSER TO THE 1300 BLACK MARKET RATE. THAT MEANS THE EXCHANGE RATE IS GOING IN THE OPPOSITE DIRECTION OF ANYONE HOPING TO MAKE A PROFIT.
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Islandg1211


Article:
"CBI ANNOUNCES RAISING THE VALUE OF THE DINAR"

Good to see a new RV Article! It's been awhile - not since ISIS, has the CBI made any serious announcement of raising the value of the Dinar. The IMF's two LOIs, both last December and June, mapped out steps for the CBI and the Minister of Finance to take in order to receive the loans. In the December LOI, the IMF projected that Iraq would join the international world "by mid-year." That was curious because the plan to rid Iraq of ISIS was also being formulated on a timeline with Mosul scheduled for liberation Oct-Winter. The plan to get rid of ISIS has to include the Monetary Reform in order to finally win the peace. Maybe the IMF's plan was just get Iraq ready to RV by mid-year when most of ISIS outside of Mosul was under control at this point, it seems like they have to wait to gain control over the Mosul.

In any event, prior to the RV, we can expect to see some "peppering" of articles going over the plan to delete the zeroes and raise the value. In the past when Shabibi prepared to RV, he did work the press to educate the people on his plan. In this article, it's stating that the RV would happen once Mosul was freed from ISIS. Liberating Mosul includes a very complex political agreement with the Kurds and most likely, needs to include the HCL law being passed. I was very encouraged when in August an Article 140 territory dispute had a negotiated agreement to split the oil fields. I believe an agreement for Mosul's oil has also been reached but not announced.

I've always been of the opinion that the IMF prefers to RV on a Thursday in the Spring, so I'm again looking at the last Thursday in March, March 30 - April 27, 2017, which is after Mosul would be liberated. THE IMF HISTORICALLY HAS RV'd IN APRIL. There's still a lot to get done politically. Abadi has to get his technocrat Ministers appointed. This was scheduled to be done last Spring. The GOI still hasn't passed important laws. The LOI also states that CBI needs to cut out the use of multiple currencies (USD) by "the end of the year." The Kurds have to actually vote in the HCL. Looking at what still needs to get done, Spring 2017 seems realistic, and between now and the RV, we should expect more RV articles appearing. IMO, the CBI can RV with the BIS and IMF's approval at any date and rate.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles


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