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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.

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Wednesday, October 26, 2016

Dinarland Highlights for October 25, 2016

Dinarland Highlights - 10.25.16

BGG


[Do you think we actually need all of these laws in place before we can see a rate change?]

I do...just a couple of the more critical ones...Gen Amnesty was one, banking and investment are important to the WB/IMF...obviously. However, they are not much of a "hold-up" - they are on a "fast-track" to getting done. GO RV!!
______________________________________________________

mike


Article:
"The budget bill includes 100 billion dinars Total investment and operational expenses"

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. The delays for the second installment of loan money from the IMF is directly related to the 2017 budget, they kept telling Abadi to go back to the drawing board and trim more fat off the budget, and it looks like he's trying. The problem is...Parliament, they use words like "fair" and "need" and "astonishment" instead of "we're broke, this is the best we got."
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rcookie


Article:
"Government bonds and safe way to save"

Quote:
"Imad emirate is a financial reform imperative to resettle capital and attracting private investment, especially investment indirect, such as stocks and bonds, and require the reform process in this aspect a number of basic steps, including the development of the stock market in Iraq to their importance in activating the role of the private sector in the process of development."

ONCE AGAIN...HUGE TALK OF FINANCIAL REFORM DRIVING RESETTLING OF CAPITAL AND ATTRACTING FOREIGN PRIVATE INVESTMENT...ESPECIALLY INDIRECT INVESTMENT LIKE STOCKS AND BONDS...AND IMPORTANCE OF LAUNCHING STOCK MARKET ROLE AS PRIVATE SECTOR DEVELOPMENT DRIVER...THAT ARTICLE IS HUGE...HUGE...HUGE...AND TIES IN MUCH OF THE RECENT ACTION AND NEWS WE HAVE BEEN READING ABOUT!
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RayRen98


Article over the weekend came out:
"Central bank officials confirmed yesterday that the Iraqi dinar . . . coinciding with the liberation of the City of Mosul . . . News of the central bank decided to raise the value of the Iraqi dollar against the USD . . .in the coming view days the Iraqi dinar will have a considerable rise against the US dollar."

Is this finally it? That's what we wait to find out. The article said, "changing the value and bringing it up against the USD in the coming few days." And a few days from Sunday, could be tomorrow [Tuesday], Wednesday. We got information over the weekend the last bank (in Mosul) needed to be linked into the system...between Sat. night and today...the bank in Mosul connected to the US system. Citizens being regularly updated on the status of Mosul. Budget was sent to Parliament on Friday. We knew when it hit Parliament floor and when it was going to be voted on. Reporting now that the 2017 budget is approved and published. Now we are awaiting some detail information. Remains to be seen the new rate reflected in this budget.
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Frank26


There are things occurring behind the scenes with the Monetary Reform. IMO...countries are interested in doing business with Iraq...and Iraq is paying them ...maybe the IMF is paying them...the international world is doing business with Iraq...and they are paying for their goods. WHOA! IMO -- if that is true...the international world is gaining confidence with Iraq and the new ministers working with Abadi. A week ago, Sunday at 3:03 am Iraqi time...there was the “start” of the operations of Mosul...but I would say it was also the start of international business because they were put on a WHITE LIST. I believe that this TRANSITIONAL RATE that is being used...(not in front of our eyes, nor the CBI...because by law, they would have to tell you they are)...is being used...to bring in these goods. The citizens needed to trust the banks...but the international banks need to trust Iraq and their government. From black, to gray, to white ...(the list)...it means they are UNRESTRICTED! This is the freedom of movement and possibly within their capital...all IMF requirements. This is the Monetary Reform being born in front of your eyes! I believe that a countdown with the IMF started around that time.

...within 10 business...(normally 30)...there would be some needed info passed to the IMF or in increase in the rate to qualify with what they are doing within their budget...to do a CURRENCY SWAP with the rate of the IQD against...(possibly) a basket of currencies. We believe the Abadi and Saleh are sending confirmations/documentations to the IMF within the 10 days...which are coming to a close...all BEFORE November. IMO --- all an indication of their financial reform. IMO -- each member of the IMF needs verification...before any change in rate...to be completed before November. IMO – that includes a rate change...that deals with contract goods. The letter to the IMF lets each member within the IMF knows of the rate. The IMF cannot finalize the agreement with Iraq until they see documentation. This will be the FINAL letter to the IMF within these 10 days. It will give the IMF a good idea of when Iraq will raise the value of their currency.

The IMF is in business to make money with Iraq. There is no profit at a program rate. I told you, I don’t think we’ll ever see 1 to 1. They might surprise us all with the international rate when it does come out. In the ‘70’s and ‘80’s, it used to be around $2.80. When Saddam took over, it was over $3...and the Gulf Currency is launching around $2.60 to $2.70...which is a fair number to start at. We believe that the IMF may meet on the 7th of November to see if Iraq completed all they needed to do...but IMO...meetings are ongoing now. IMO – the MR consists of the RI...and that is for the IMF. The international world which consists of the Economic Reforms...which is the RV --- (which is not a part of the IMF). The RV is for the international investors. Give us Mosul...and you have the MONETARY REFORMS. Mosul is about 80-90% done. There is NO STOPPING the Monetary Reform. IMO – they are doing everything on time. The timing may frustrate you, but I think the timing is brilliant.
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Kaperoni


...monetary policy is a set of procedures that the CBI must follow, like all central banks. Their are no short cuts. That being said, the CBI is trying to do what is right and they have an agreement (SBA) with the IMF to achieve those goals...It takes time and it is a process.

[...can anyone...tell me why the US would give aid to Iraq without something in exchange, example, US insistence that Iraq stay pegged to the dollar?]

The US has said no such thing. The IMF has stated so under the current conditions and that is because they are guiding the CBI through this financial crisis.

[why would Iraq depeg or stop selling the dollar and "free float" the dinar? It just doesn't seem likely...]


...is not a choice. It is not something that decided randomly, but an event as part of the CBI's monetary policy. To simplify, the CBI has what it calls a Capital Account...in which investment funds are that come through the banking system end up in. As the Capital Account grows, so does inflationary pressure on the Iraqi economy. As a result, the CBI, must have a more flexible exchange rate (some type of float) to counter this pressure. In other words, as investors and investment comes into Iraq, the exchange rate will rise.
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ADMINBILL


I AM OFF THE PHONE AND READY TO ANSWER QUESTIONS...MY PHONE CALL WAS WITH ONE OF THE AUTHORS OF THE PLAN WHO WAS GIVEN PERMISSION SPEAK TO YOU THROUGH ME AND ANSWER QUESTIONS POSED TO ME TO THE BEST OF MY ABILITY.

[...the Authors are also Implementers?]

YES.

[...when?]

BY NOVEMBER 10TH.

[Is the election influencing the release date?]

NO... NEITHER IS IRAQ - MUCH OF WHAT YOU ARE HEARING ABOUT IN THE NEWS WAS COMPLETED MONTHS AGO.

[Any rates discussed or at least ranges?]


IN COUNTRY RATE IS $3.71 AS REPORTED BY [Guru] RAYREN98. THE BASIC PREMISE FOR RELEASE WILL BE TO KEEP IT AS LOW KEY AS POSSIBLE... THESE GOOD PEOPLE HAVE BEEN TRYING TO GET THIS DONE FOR MONTHS. THEY BELIEVE THEY ARE THERE. WE ARE CLOSE - ON OR BEFORE THE 10TH IS A DAY TO LOOK AT AS A STRONG POSSIBILITY.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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