Dinarland Highlights - 10.24.16
[...they could go to 500 dinar per dollar and float from there couldn't they. That would more than double the value...]
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
Courtesy of Dinar Guru