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1-800#'s and Instructions for Currency Redemption/Exchange

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VERITAS Q&A for December 4, 2016

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Wednesday, November 16, 2016

Dinarland Highlights for November 15, 2016

Dinarland Highlights - 11.15.16

mike


Article:
"CBI decision to remove three zeros from the currency of Iraq beginning in 2017"

...even if they "start" the process in 2017, there's still a ton of work to be done. We know they need to fix the MCP and liberate the exchange, but they also need legislation to encourage the foreign capital needed to rebuild. Some kind of economy is also going to be required to create demand for Iraqi products as well. Here's hoping they get on the ball and demonstrate a movement towards the open market economy instead of talking about beginning the process, the sooner they do, the sooner they'll get to a dime.
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BGG


[...if three zeros are removed, a hypothetical is, eight $25,000 note would become a $25 note is that correct?]

First off - it's a 25k DINAR note... worth $25 USD (currently)...and when they get done revaluing - no matter what the USD value is - or should be OUT OF IRAQ...inside Iraq - 1 Dinar will still be worth 1 Dinar...a Dinar is a Dinar... so ask yourself - again, when they are writing these articles about their currency - who are they talking to? Iraqi's - where a Dinar is still going to be worth a Dinar...so what are they removing? ...it's NOT A LOP - that is what taking a 25k (IQD) note to a 25 IQD note would be - and there's NO WAY...So...if it's NOT NOMINAL VALUE... AKA - .0086 >> .86 and it's NOT A LOP... AKA 25,000 = a 25 IQD note...then what is it? a removal of the bigger - 3 zero notes over a period of time...
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Kaperoni


For those who don't know, deleting or dropping the zeros in the case of Iraq won't happen overnight. It's going to take time. The zeros will go away one by one as the dinar rises in value. What causes the value to rise is what is known as "supply and demand" Or what some call "market forces". Meaning as investors and investment comes into Iraq, it will drive the value of the dinar up...Which will cause the zeros to go away naturally over time. There is no RV or single event. This is well documented in the IMF...Stand by Agreement.
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Frank26


2017 is the time when they will introduce the LOWER DENOMS...but it NEEDS A NEW RATE. [Guru] Delta told me...this was being introduced with great confidence to the citizens...RED ALERT! Dec 7th, 2016 the IMF board will do a review of lifting the 3 zeros. Saleh says we will delete the 3 zeros...from the exchange rate. “We will DELETE the 3 zeros from the payment of the dinar in Iraq.” THAT IS HUGE! But...they have to RAISE THE VALUE OF THEIR CURRENCY FIRST! They even said that the LOWER DENOMS will exist parallel with them for the next 10 years! Yes...they must change the VALUE BEFORE the new notes...as to not confuse the citizens...

IMO – this month...November 2016...up until December 2016...I believe they need to change the value of their currency for 2017. From November 7th to December 7th – these are the golden periods that the IMF works with the CBI...and we will see if there is a change before 2017. IMO - does this not show they are in Article 8 compliance? The rate may be...10 to 20 cents...but their goal is to get to 1 to 1...THIS YEAR...2016...that way it can be introduced to the INTERNATIONAL community at 1 to 1 by the 1st of the year. THE RATE HAS TO CHANGE BEFORE JANUARY for any of this to have LIFE.
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wmawhite


Article quote:
"...an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets..."

...do...you remember from a couple months ago the ISX stating that they intended to be available to global investing in early 2017.

[Yes...i sure do...]

Well, well , well...1+1=2.
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Kaperoni


Interesting fact, the dinar has already appreciated from its original value released in 2003. According to reports, back in October 2003 the Dinar exchange rate was well over 1600 to $1. In pretty short order it appreciated (4-6 months) down to 1170 to $1. This first phase of appreciation was to counter the effects of inflation in Iraq that was well over 38% as oil production began post war. I believe the plan was designed to again raise the value to counter the effects of the launch of a private sector or market economy.

It has been some 13 years and Iraq still has not created with much success a private sector/market economy. So the Dinar waits. Iraq remains today about 93% dependent on oil production. 2017 seems to be the year Iraq plans to launch such a market economy. Time will tell. In order to do so, Iraq must create the conditions. Some of which are laws for investors, stability, and a sound banking system. Once it's internationally recognized, convertible and traded, the dinar will rise based on supply & demand. Some may sell at 1 cent...Others may wait until 10 cents, and still others may wait until it is much higher. The Dinar will become eventually just like any other currency, bought and sold throughout the global banking system.
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BGG


Adding value is a part of the "note removal" process...without value - why would anyone want to carry a smaller denomination (No zero notes)? I am skeptical about 1st Q 2017 - them telling everyone doesn't make a lot of sense - unless they do it earlier than that...AND they've already said it will BEGIN in early 2017. That's only 47 days away...
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ADMINBILL


Reports continue to be positive with information pointing from any minute through the inauguration. News from Iraq remains positive with reports that the small denominations are in use and being given as change...they are to be issued soon. Whether this occurs this week or next is not relevant. Seeing a completion of the process is all we ask...
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firefly


...what the lifting of the 3 zero notes means...All they are doing is removing them from the market place...hence "the lifting of the 3 zeros"...so if the removing them from the marketplace begins in early 2017...Logic would tell us they would need to have a value for the lower denoms to hit the streets right... BEFORE they are removed... The CBI told you they will coincide with the lowered denoms for 10 yrs.
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Kaperoni


Article:
"Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency"

Quote:
"Start procedures to delete three zeros from the currency in 2017"

The good news is it looks like we will see something happening in just a month or so.
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BGG


...we can hang on for 47 days...but it may not even go THAT LONG.
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firefly


So, am I excited that the CBI told us the lifting the 3 zeros from the marketplace will begin in early 2017? You better believe I am...

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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