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Wednesday, April 5, 2017

Dinarland Highlights for April 4, 2017

Dinarland Highlights - 4.4.17

Mountain Goat


Okay so 3 articles on HCL in the last couple days. What did I say this usually means? It means the subject matter is important and so we must pay attention.

Article:
"Parliament warns of a serious economic future"

Quote:
"...the oil sector cannot be effective and productive unless it has the legal and administrative framework capable of investing wealth properly and in accordance with the Constitution and within the standards of the global oil industry."

I know for a fact the Iraqi constitution must be implemented fully or no RV. Yes this includes HCL too. This has always been the case and so now that they are getting Security and Stability returning parliament is getting back down to business on getting this law passed.
______________________________________________________

Dr. Clarke

Take a Deep Breath. APRIL is the month...wait for it..."APRIL Showers, bring MAY Flowers"...remember?...For some reason, we really like the ring of April 7...guess because it's a Friday. Fridays are special.
______________________________________________________

Frank26 (KTFA)

On Thursday, a call came in about our MR [Monetary Reform]...it was VERY, VERY POWERFUL. What was said ...pay attention to the CBI website (Arabic side) – thank heavens we have [Guru] Delta. The caller was more cautious ...measured their words. “Look at the CBI website...it’s making a change.” ...ON THE ARABIC SIDE ONLY. Unfortunately...that is all we got from that phone call. I do know there is going to be a change ...and we thought something would be put up there very soon. Something IS going to happen. Will it be a change in the RATE?

Iraq has already done everything ...all that is left it appears is a change in the rate. What does [Guru] Delta think? He said that they do have to send a NOTICE to the banks...24 hour notice of a change. Exceptions on the regulations are being allowed by the IMF. 1184 to 1882 change <<< they never announced it. So...whatever the change is...it has to be with their numbers. Abadi is 100% ready to go with the MR [Monetary Reform] and ER [Economic Reform]... Abadi called the UN on the phone... He wants them to lift Chapter VII. BTW – Abadi does NOT need Chapter VII to lift the 3 zeros. Interesting he is asking for it. Everything is moving so fast in Iraq right now. I believe we will see a change on the Arabic side of the CBI website VERY SOON...IMO.
______________________________________________________

EHankins (KTFA)

Article:
"Rashid directs its branches to open letters of credit for companies"

Quote:
"The face of the Rasheed Bank, on Monday, its branches open letters of credit for companies from the public and private sectors, indicating that the amount of credits are converted at the official rate set by the Central Bank."

IF I WERE A BANK AND I OPENED LINES OF CREDIT TO COMPANIES PUBLIC AND PRIVATE I WOULD WANT TO HAVE A RETURN ON MY LOANS WITH A CONSIDERABLE RATE OF INTEREST. ACCORDING TO THIS ARTICLE THIS IS A WAY OR MEANS OF SETTLING "INTERNATIONAL SALES. I KNOW IT'S A BAD WORD BUT THERE HAS TO BE A RATE...EVEN OFFICIALLY SET BY THE CBI AS MENTIONED IN THE ARTICLE.

SOMETHINGS EITHER WRONG OR VERY RIGHT HERE. IS THIS POINTING AT THE CONTINUING "SPECULATIONS" OR IS THIS SIGNIFICANT MEANING IRAQ HAS A "RATE" OF AN INTERNATIONAL VALUE. HAS VALUE BEEN GIVEN...HAS IT BEEN RAISED? BUT THEN AGAIN, THIS COULD BE EVIDENCE OF "THE THINGS MOTION." I'M NOT LOOKING FOR A RATE BUT THIS SEEMS TO BE EVIDENCE OF MORE THAN A PROGRAM RATE STANDING STILL...IMO.
______________________________________________________

Dr. Clarke

[Would you tell us if you expect to see it happen if not this Friday, but on a Friday?]

We DID NOT say, April 7th is when the rate will significantly increase. But it COULD. We said we Love the "ring of April 7th"...Now, let's talk direct. There is Magic on this Friday, the 7th. We Love "ALL FRIDAY'S", like we said. Magic happens on Fridays, and especially in APRIL. "Friday is FUN DAY".
______________________________________________________

Revbo

Article:
"Abadi: Two months separating Iraq's exit from Chapter VII"

Ch. 7 has never been officially tied to anything to do with the dinar, but unofficially, being under Ch. 7 sanctions, no matter how little is left of them, puts Iraq in the same ballpark as North Korea. It's an exclusive club, Ch. 7, one reserved for rogue regimes, but mostly, terrorist organizations, and that's bad for business. It would be terribly unwise of them, in my humble opinion, to turn the dinar loose when they are still, technically, an international pariah.

...That said, the timing of this, in Abadi's words in another article, "ONE or two months," leads me to believe they are giving themselves a wide berth for when ISIS is finally finished in Iraq, meaning, if they get rid of ISIS next week, well, next week is "within one month," so we could see Ch. 7 release much sooner than June. Abadi said, about a month ago, he had to put his whole agenda on hold to deal with nothing but ISIS. He has a reelection coming up, so he better get on with it once that's over. We know his agenda includes national reconciliation and economic reform, and I don't see any way they can do economic reform without releasing the dinar.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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