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Featured Post

"Look Beyond Intel" by YME - 10.20.17

Entry Submitted by YME at 6:37 PM EDT on October 20, 2017 Schedules of releases is of course very exciting, and everyone can be at the edg...

Thursday, July 20, 2017

Dinarland Highlights for July 19, 2017

Dinarland Highlights - 7.19.17

Bruce (The Big Call)


Iraq issued Qi cards to their citizens, and dual citizens. Those have had another increase in pay and back pay on Sunday. That is very positive. I don’t know what the actual rate of the dinar is. I heard roughly where we might be. Iraq is paying their citizens more on those cards now than they ever have. When are we going to see the new Iraqi dinar rate posted on CBI or on a Forex site? I can’t tell you. Basically in a nut shell, everything is done and ready. Everything is complete. For what we understand nothing else we are waiting for except the notification. You couldn’t be in a better position than you are right now. I am excited as I have ever been. I think we are very close to the end.
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Enorrste

Article:
"Masood Haider warns IMF stopped supporting Iraq because of the supplementary budget"

Quote:
"adding that " the supplementary budget came at the request of the Fund international Monetary and , if not completed and voted on before the end of this month, the IMF will stop supporting Iraq ."

For years the IMF has "spoken softly" to Iraq and has watched with a limited amount of patience as Iraq has diddled away, failing to fulfill its commitments. We now see that the IMF (trustee of the CBI, as we recall) also "carries a big stick." This is no idle threat either. I'm actually somewhat surprised that they have put this so plainly, threatening to pull out all support for Iraq if they do not comply. I suspect, however, that their patience, like our own, has come to an end. They made a commitment to bring Iraq into the world market "early this year" some time last year and we are not [now?] in the second half of the year. So they have egg on their own faces at this point. No wonder they are pissed!
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Peggy68 (KTFA)

IMO, Iraq, IMF, SBA , with many other Global Agencies, as well as Iraq's Leaders have accomplished so much over the years. This would lead us to believe they have prepared and met what has been required to be completed prior to going INTERNATIONAL.
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mike (Currency Chatter)

...the dinar and Iraq's monetary/economic policies are definitely under fire. I think that's why we've seen the recent spate of articles trying to reassure everyone that things are ok and Iraq is moving forward. I also think that's why they're bluffing in regards to the amount in reserves, they think it will give the dinar more confidence. The writings on the wall, without change all the BS in the world won't change the reality, Iraq will have burned through the reserves and become another failed state.
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MilitiaMan (KTFA)

Article:
“Iraq plans to sell us dollar bond deal in coming weeks – sources”

The interesting thing about this one is they are expected to be International. But, one might ask are they yet? They say they are above based on selling the bonds to come shortly, as in next week...real close. The council of ministers permitted the issuance of the bonds in the amount of US $1 billion. Really? No guarantee by the USAID. But by JP Morgan, Citi Bank, Deutsche Bank, Etc.. (...there is not a need for the USA to do so, the Banks are.) Where did the seed money come from for the Banks to pony up? Well school is now in session... So did we not here about 5 tankers landing...? We did...

Well, lets think about those five ships. And we shall not wonder why they were arriving under the "cloak of darkness." If you will! More ships on the way and publicly we here in opinions offered! The Bonds being sold in the past had a ...poor track record in Dinars. No wonder why at a 1184ID/1USD? Lol These new international bonds are not IMO at a program rate, as they say they are international above, worth up to $1 billion USD. Lets say those five ships were the big boys seeding at 500,000,000 tons each @ about 7.5 brls per tonnne. That is about 3,750,000 brls per ship or about 18,750,000 brls total... Lets say they got the best deal recently they could and sold for $49.00 a brl. That is about $918,750,000... There is your backing for the Bonds that the USAID need not back, as the Iraq pipeline fed the SA refineries to load SA ships to cloak into the USA to be tested for purity and good faith if you will, possibly! Iraq payments in swing for war re payments? Food for thought.. imo.
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RayRen98 (TNT)

[Based on Monday's expectations for this week, and since there is no new intel, Are we still on track for this week?]


Yes, because there’s nothing to indicate otherwise.

[Do you believe that the Iraqi fils (coins) will be released to the public this month?]

Yes, I have the expectation, mainly because I don’t have any contrary information that it will not.

[...article...: "We are Stabilizing IQD Exchange Rate without a space for Speculation: CBI Governor." ...what are your thoughts about it?]

...Anything they put out now should not be a surprise. We are just waiting for the green light, and if they want to tell us anything else, that’s the political or bureaucratic process. They’re not telling us something we didn’t already know.
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Enorrste

Article:
"The Central Bank is a committee to open relations with foreign banks and participate in an international conference soon"

Quote:
"...the formation of the Iraqi Central Bank Committee to open relations with the Arab and foreign banks, while confirming that Iraq will attend a large Arab conference in New York City during the month of October next."

Wow! Why in the world would Iraq leap into the world banking market with a conference in New York unless it fully intends to join the world economic community (as stated by the IMF last year)? This is a huge commitment on the part of Iraq. Think about it: would they dare to enter into a world conference on banking without an open currency? I seriously doubt it. This may well be a hint to us that they are preparing to open up the currency to the world market PRIOR to October. Time will tell...
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tman23

[do you still feel we're now in a position where the RV won't happen until next year?]

We are alive IMO until the end of July...once numbers post for the first month of the second semester for their financial year with no change...then it is 2018 for sure...
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G-Lin (Dinar Updates)

I wouldn't consider Iraq very stable currently but as far as investors are concerned they are flooding into Iraq. I think the victory in Mosul opened the gate. This is the beginning of the explosion of the economic world for Iraq. They are being welcomed internationally with open arms. Exciting times for a change. And all of this excitement from countries all over the world and yet Iraq has a very low valued artificially imposed currency rate. That will not last. JMO.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

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