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Thursday, January 5, 2017

Dinarland Highlights for January 4, 2017

Dinarland Highlights - 1.4.17

mike


Article: 
"Central Iraq" supports the currency delete the "zeros" dinar"

Kap's right [Guru Kaperoni], Iraq can reform the currency without moving to Article VIII. I will add though, it will not be a successful currency reform without Article VIII. Iraq is in Article XIV right now and the dinar is worth 10% less than the number printed on it, on any level that's terrible. It's just my opinion, but if Iraq tries to reform the dinar by unpegging from the dollar, free floating and not moving to Article VIII, the value will crater and drop to somewhere south of 1500-$1. If the dinar had any intrinisic value that supported it without the peg to the dollar and the auctions, we wouldn't have the street rate, or MCP, like we have today. Again, it's just an opinion.
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Mountain Goat

Article:
"Deletion of zeros from the currency adds a monetary value"

Quote:
"The new dinars will reduce the ongoing cost of printing money. For example the new (25) dinars which will replace the 25 thousand dinars currency currently in circulation..."

They are telling us that in Iraq a $25,000 note will be replaced by the new $25 lower denomination note. In the BEGINNING of the next phase of the process this is what they plan to do. In another article about the same timeframe they used this very same example to show us how within Iraq they will get the dinar in par 25k with the US dollar a 1:1 equaling $25 when the Iraqi citizens turn in these three zero notes. But we know this is only the beginning since once this is accomplished they plan to revalue their currency.

...This initial step, even though it may appear as a revaluation, is in fact nothing more than an adjustment for inflation. But indirectly this new $25 note will be worth now equal to $25 US dollars so in essence it is a significant increase in the value of the dinar.

So after some time {I believe when the revalued rate is high enough and prices in Iraq have adjusted}, they plan to then launch even more lower denominations that are of the even lower face value such as the 5, 10 and 25 denominations. Why wait? They are waiting for these notes since these notes would not be so beneficial until the marked market price of goods went down to match. Remember this too – I have said that we as investors may never even see this initial 1:1 rate at the banks since this will be the workings mostly of inner Iraq. When the rate does go international by this time it may be well within the range we as investors had hoped it would be 1:5+.
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Adam Montana

I have a good feeling about 2017, and it's not because of a "feeling"... it's a direct result of having watched this thing like a hawk for a few long years and having compiled a "big picture" of where we are and where we need to go. Much of 2016 was hampered by ISIS. That's just a fact. There was no way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS.

...two articles this morning...about Iraq's resumed push into Mosul...both are positive about Iraq's current success and continued success. This WILL happen! My key focus towards the 2nd half of 2016 was HCL, and it continues to be HCL. Late December, Parliament set a specific date to start the "new" legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I'm excited to see? You bet!

...some of what Parliament covered on their first 2017 session...it's almost glaringly obvious that this will affect the HCL...
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Bruce

We thought it would happen by Christmas and New Year, and we still are here. Things are moving, but not happen for us yet. I been on the ride for 12 years, and I am used to somewhat of it not going the way we thought. Nobody can accurately predict the date we will be notified. Could there be a delay that could take us deeper into the month? Could be possible, but I don’t believe it is the intention. The information I been getting today pointing to something happening this week. Let’s hope that is the case. When we put out information look at it, weigh it, and see what you want to embrace. What I heard today is enlightening.

When it comes to Iraq...The budget for 2017 has been passed, been in the Gazette, been published, it is law...The rate is in the Gazette and they don’t want us to have it yet. It should be something positive for us to see Mosul come back. A lot of things from a very positive point of view going on in Iraq. I think the final part of the UN operational rate showing, the UN releasing Iraq of chapter 7 sanctions, currency known internationally. But the way they did pay back Kuwait, of around 5 billion dollars in newly revalued dinar. They had to have a rate settled in Iraq to do that. That did occur to our understanding. We are in a great position right now.
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wmawhite

They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency. Remember, nearly 21 months ago...March 3, 2015 the CBI announced that they had received the "green light" to move forward with the "Delete The Zeros Project." nothing about needing any laws passed...this event is in process...it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
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Mountain Goat

We were told the cabinet held its first session of 2017 on Tuesday, January 3 2017, headed by Dr. Haider al - Abab. So we know the parliament is not too far behind also as they told us they will hold their first session on Jan 7th. The legislative part of the government is getting back to work.
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ADMINBILL

Just received from contact. From WF: Zim Dinar Rupiah Rial Dong are off currency screen. Believed to be they are entering new rates. Waiting for additional confirmation. WF CURRENCY INFO HAS BEEN CONFIRMED BY ANOTHER SOURCE. YOUR BEST BET IS TO NOT SPECULATE WHAT BEING "OFF THE SCREEN" MEANS AT THIS POINT. LET'S SEE WHAT HAPPENS NEXT. IT MAY MEAN NOTHING OR IT MAY MEAN EVERYTHING.
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Mountain Goat

So much news on the “project to delete the zeros” recently.

...they told us recently there will be yet another phase implemented for this project and it will launch three new lower denominations and they plan to do it soon. We learn (and confirm) today that the merchants also know about this upcoming change and want it real bad. By launching the lower denominations they can begin paying their foreign obligations directly using dinar. But in the process the dinar must go international and must have some real value to compete with other foreign currencies.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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