Dinarland Highlights - 5.9.17
BGG (Dinar Updates)
Jester (Jester's Place)
...OIL CREDITS OF $30/BARREL... WORTH WHATEVER THE GOING RATE FOR OIL IS... ABOUT $70 TODAY BUT HISTORICALLY AS MUCH AS $115... SPRING INTO EXISTENCE FOR A VALUE OF X NUMBER OF DINARS... AND A BARREL OF OIL IS SOME $5 TO PRODUCE...SO INSTEAD OF REPATRIATING DINAR AT WHATEVER THE STREET RATE WILL BE THEY TRADE X DINAR FOR AN OIL CREDIT THAT SOMEONE ELSE VALUES MUCH HIGHER TO GET IT... AND GET OUT OF THE WHOLE THING WAY MORE CHEAPLY... THE DINAR IS TRADED IN AND CONVERTED TO AN OIL CREDIT FOR A CHEAP SUPPLY OF OIL... IRAQ GETS OUT AT A FRACTION OF WHAT IT WOULD COST TO TAKE IN THE DINAR ON THE STREET RATE...SO BASICALLY... FROM IRAQ'S STANDPOINT A HUGE AMOUNT OF DINAR IS TAKEN UP FOR A CHEAP SUPPLY OF OIL... THEY SUPPLY THE OIL CHEAPLY TO THE OIL CREDIT HOLDER... THE OIL CREDIT HOLDER IS HAPPY TO BE GETTING THE OIL FOR THE OIL CREDIT PRICE...
mike (Currency Chatter)
...the US is Iraq's "champion" to the world with the SFA and we've done everything we can to have the west help and support Iraq.
[Guru] Delta has told us that in Arabic...they HAVE LAUNCHED the FINANCIAL REFORMS in Iraq. This is the first time we (Team) recalls seeing an article where the World Bank and the IMF DEMANDING of a country to do their financial reforms. As you know, the IMF and the World Bank only deal with money issues – they are not a political organization. The BUDGET to INVESTORS...they all need a change in the rate of the currency of Iraq. Consider this month of May...the event of Ramadan...it lasts for 30 days...It starts on the 25th...and leads into a 3 day holiday called EID...which helps the poor. In the 8 years I have been with you...they don’t do anything during Ramadan or EID. Maybe this is why the monetary reforms should happen BEFORE Ramadan. Keep in mind...you don’t stop a LAUNCH in mid-flight!
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru