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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

"GCR Up-Date - Zorra Answers Questions" - One Who Believes - 12.7.16

Entry Submitted by One Who Believes at 5:01 PM EST on December 7, 2016 CGR Up-Date - Zorra Answers Questions This is a MUST HEAR call f...

Monday, November 7, 2016

Dinarland Highlights for November 6, 2016

Dinarland Highlights - 11.6.16

Mountain Goat


...by the implementation of the customs and tariffs law Iraq is now able to track goods and services coming into Iraq. This is one reason why it was so imperative to get this law completed. So in following the proper customs and tariffs procedures it is a way of now matching the imports coming into Iraq to the demand for the dollar in these currency auctions at the banks. So far the demand far exceeds the imports. So where is all the extra dollars going if not to pay foreign debt? We see it is going to fund Daesh/ISIS terrorists and Iranian militia.

It has been very difficult to control this corruption. Many ways have been tried. This in part has been the hold up of the launching of the new currency (the lower dinars) and going forward with the currency reform measures, as I am told by my CBI contact. As we know the CBI has already created a scarcity situation with the dinar in the process of the “project to delete the zeros”. They have told us they are ready and fully prepared to launch the lower denoms but had to postpone this effort due until the security situation in Iraq is fixed.
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rcookie


"Parliamentary Finance reveal: 2017 budget will include former oil agreement between Baghdad and Erbil"

THE 2017 BUDGET LAW WILL INCLUDE OIL AGREEMENT BETWEEN BAGHDAD AND ERBIL...AND IMPLEMENTATION OF AGREEMENT SIMILAR AS IN PREVIOUS YEARS. EXACT SAME PARAMETERS AS 2016 BUDGET...ONLY NOW KURDS CAN EXECUTE FULLY WITH CEYHAN FULLY OPERATIONAL.
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Dr. Clarke


Still Right on Schedule...Looks good for an NON-International rate increase BY around Dec. 1st, with an Official International status & Rate BY Jan. 1, 2017, when they officially begin their new fiscal year. The Dong status is the same...could increase at any moment, but it's likely to substantially increase BY Jan. 1st, as well...AND when VN begins fiscal year.
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rcookie


Article:
"Iraq and its allies and drying financing Daesh"

Quote:
"The Central Bank of Iraq and through close cooperation with the US side put a black list to prevent funds from reaching the territory controlled by Daesh, and has more than 150 companies today."

SO...HERE WE HAVE DETAILS ON THE US TREASURY INVOLVEMENT WITH CBI...TO MONITOR USD SHIPMENTS FOR THE 1ST TIME...TO PREVENT DELIVERY OF USD TO ILLICIT DESTINATIONS...AND DESCRIBES AS TURNING POINT OF FIXING THE FAILURE OF THE AUCTIONS...AND THROUGH CLOSE COOPERATION DEVELOPED THE "BLACKLIST" OF BANKS TOTALING 150 THAT ARE NOW EXEMPT FROM AUCTION ACTIVITY...

THE FIGHT AND PROGRESS AGAINST CORRUPTION HAS BEEN ONGOING SINCE ABADI TOOK OFFICE....BUT THESE ARE INTENSE STEPS AND COOPERATION BY CBI AND WASHINGTON TO CONFRONT AND ADDRESS THE AUCTION BREACHES...WHILE SIMULTANEOUSLY SETTING UP THE NEW ANTI CORRUPTION AML ANTI TERRORISM DEPARTMENT WITHIN THE CBI TO BE COMPLIANT WITH IMF MANDATES...AWESOME PROGRESS...
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ADMINBILL


ANOTHER WEEKEND IS ABOUT TO PASS US BY WITH NO RV. BUT...I CONTINUE TO BE TOLD IT IS ON THE WAY...

[Isn't "now" also the timeframe that the authors of the plan had spoken of?]

THAT WAS MY UNDERSTANDING BUT CIRCUMSTANCES CAN CHANGE FROM WHAT I AM TOLD. HANG IN THERE EVERYONE.
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Enorrste


Article:
"Learn the benefits of removing zeros from the Iraqi currency"

I think it is time to start getting excited, again. The first thing that I noticed in this article is the follow quite specific statement: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges." There are four things to note here: (1) the large notes wil begin tol be deleted "beginning in 2017"; (2) the purpose is to make the dinar stronger (note the word "support" and the phrase "competitor of foreign currency"; and (3) this will "serve the Iraqi economy"; and (4) the dinar will take its place in the basket of currencies in the "vital world exchanges." Let's look at these one at a time. [First] The large notes will be deleted. This cannot be a LOP because a LOP would not change the value of the dinar, and the other three points above make it clear that the dinar will rise in value. Therefore, there is only one way that the large notes can be removed from the market place without destroying the fragile liquidity that exists in Iraq already: the value must rise enough to make it feasible to remove the large notes.

KAP [Guru Kaperoni] has rightly stated...that a minimum of $.10 for the value of the dinar would make it possible to begin removing the three zero notes. This means that we must look for a minimum of a 100 times increase in the value of the dinar sometime during the coming year. Second, the purpose is specifically stated to "support" the dinar and to make it a "competitor in world markets." At this point the dinar is not internationally recognized or tradable. Both of these factors must be eliminated for point number 2 to come to fruition. The only way in which they can "support" the dinar (in terms of value) and make it "competitive" in the world markets is to allow it to float and to rise to the point where the "support" and "competitive" value become real factors. I therefore expect to see the float start shortly after the new year. Third, this move will "serve the Iraqi economy." Clearly a move to a float and an internationally recognized currency will cause imports prices to fall quickly and allow for imports into Iraq more easily. This would, then, be consistent with point number 3 that the plan will "serve the Iraqi economy."

Finally, the statement is made that the dinar will takes its place in a "basket of currencies" that contribute to the "vital world exchanges." At present the only currencies that hold this sort of recognition are the dollar, Canadian and Australian dollar, pound, euro, and a few others. By making this bold statement, therefore, the author is re-iterating what we found from Saleh years ago namely that the dinar is going to become a world reserve currency. The only way in which the dinar can take this position is if it is internationally recognized, if Iraq is a part of Article VIII of the IMF Charter, if the value of the dinar is commensurate with that of the world's reserve currencys (worth about a dollar American, more or less), and is supported by reserves that PROVE that it is a strong currency. The current reserves of $40 billion are sufficient to make the currency the strongest in the world at $1 per dinar. Unlike the US, they won't need "the full faith and credit of Iraq" to support their currency. However, in addition to the highest relative reserves, Iraq also has the second highest known reserves of underground wealth in the world. Therefore it is well positioned to take its place as a world reserve currency as long as they stick to the plan. The bottom line for me is that this article, even if it is repeating a plan elaborated over a year ago, is more specific and continues the timeline from that earlier article. 2017 would appear to be the year when this will all truly begin to move forward. Keep your fingers crossed!

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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