Dinarland Highlights - 10.25.16
...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.
[why would Iraq depeg or stop selling the dollar and "free float" the dinar? It just doesn't seem likely...]
[Any rates discussed or at least ranges?]
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru