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Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or 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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Operation Disclosure GCR/RV Intel Alert for December 16, 2017

Operation Disclosure https://operationdisclosure.blogspot.com/ RV/INTELLIGENCE ALERT - December 16, 2017 Quick Review of the Current...

Saturday, July 29, 2017

Dinarland Highlights for July 28, 2017

Dinarland Highlights - 7.28.17

Bruce (The Big Call)


Lets look at Iraq...they are under a timeline to perform with putting out their new rate. They've passed their addendum budget. The addendum budget was not yet put into the physical Gazette, but it was placed on line where some people were able to see it. Several people I have talked to, they've seen the Iraq Dinar on the bank screens at much, much higher rates then we have seen before. Back in 2012 when Shabibi came to the US and someone from the community asked him questions about the Dinar, Dr. Shabibi said that the Dinar had the ability to be value up to $16. We are not there yet, but we are well on the way. Seeing rates of over $11 now on bank screens...This is from several sources. ...Again that's the screen rate. Some Iraq airports have Rasheed banks in them. Tomorrow [Friday], start of business, those banks will be able to exchange dollar between dinar.

Fiat dollars are no longer recognized in Iraq. So that's a pretty good indicator how close we are to this happening for us. About Smart cards...Qi cards have been in Iraq for years now with varying rates, depending on region of country, type of payment and such... The newest latest cards are out to Iraqi citizens, even those citizens out of the country. They had to activate them by last Saturday night and they did. We are hearing that money will be on those cards around noon tomorrow [Friday] eastern time. Those cards will receive the proceeds from the oil that they are to share with the Iraqi citizens (HCL 140) just like they do in Alaska for Alaska citizens. Access to the oil proceeds start tomorrow at the new rate. We really believe we are supposed to have our start by the end of the week.
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Aggiedad77 (KTFA)

Article:
"signing a memorandum of understanding between Baghdad and Erbil"

Quote:
"A joint memorandum of understanding (MoU) was signed by Baghdad and Arbil on Thursday to consolidate tax and joint work regulations."

They sure do appear to be kissing and making up with the right people at the right time...oh indeed...first comes love, then comes marriage...then comes Abadi and Allak pushing a cart full of LD's for the citizens.
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Mountain Goat

I do not see the signs needed to tell me this RV is imminent right now. Iraq has much work to do in the reconstruction phase. There is also still much work to do with the banks so they don’t fail. Currently the banks survive in Iraq thru the currency auctions. They make billions of dinars off the legally allowed spread in the dinar exchange rate to US dollars for the auctions. The sanctions force the merchants to continue with the process of exchanging dinars for US Dollars. They have a captivated audience. But they are now telling us...they expect to end the auctions and the need to move/convert the banker’s profits from these auctions to the private sector. Remember also the CBI is slowly rolling out the electronic banking and electronically depositing salaries, pensions, etc directly to the bank now. This too raises capital for the banks for lending. But even this will not raise this massive money they need for reconstruction.

Article Quote:
"And we should be aware of the banks to the seriousness of dependence on the only product is the currency window, which may end its mission in the next stage."

So what they are saying in this sentence is in the past banks are making their money on the spread in the dinar when they sell the US dollar thru the currency windows (currency auctions). This is a WOW statement! Why? It says the currency windows will end in this next stage. This is exactly what we want to hear. This stage of massive growth will lead to the dinar going international. This is the only way they can stop of limit these currency auctions, thus the huge bank profits from them. So we know when they no longer need to buy US dollars using Dinar at the currency window, they will have an international currency by then and will use dinar directly to buy and sell goods and services to foreign countries. Folks did you realize how powerful this statement is?
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RayRen98 (TNT)

Price changes are anticipated...and there was an effort to increase growth in the economy by imposing no taxes on companies coming in to do business in Iraq. Today, ATMs are still not activated so far. Fils (coins) and lower denominations are also anticipated and ready, but not yet in public. Citizens are told the bulk of their salaries are in their bank accounts, and they can pull cash from the ATMs. The supplement to the Budget has been seen by some, but it’s still not officially published in the Gazette. There are rumors of an in-country rate of just over a dollar, but again, no confirmation as yet. The Budget itself was appealed to the Supreme Court, but the judge is waiting until after the meeting with the World Bank on 1. August. We are excited, waiting for intel to come out. Everyone is poised and alert; we don’t know the exact minute, hour or day, but we have a lot of reasons to expect this thing to wrap up by the first.
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MilitiaMan (KTFA)

Article quote:
"to achieve the goal of maintaining the exchange rate and ensure the use of foreign currency out of order to meet the needs of the economy and market and development and non-directed to non-purposes;"

There is a meeting with the IMF on 08/01/2017 if I am not mistaken. A one in regard to Article IV with Iraq. The article above speaks volumes of what has been done over the preceding two years. Not just one year. I believe this has to do with Article VIII... They have been working to maintain the exchange rate of the Dinar against Foreign Currency to cover imports entering Iraq while maintaining their independence under law. They go on to say that they are (imo) effectively ceasing MCPs (Multi Currency Practices) not supported or at least if are supported by the IMF, they are under the guidance of the IMF when doing so and would be short lived if even relevant.

They have all the mechanisms in place to facilitate trade to serve their national economy from the looks of things. They have mediation in order to be prepared for typical disputes in trade at borders. Basically, they are fully ready, if not already INTERNATIONAL and by all means! They are telling us they are going to contribute to GDP by having implemented monetary policy for sustainable development. They are telling us the Central Bank has facilitated procedures and controls, became transparent in disclosures in regard to maintaining their exchange rate. Ya buddy... This meeting with the IMF is not about what needs to be done, it is done! It must be about dotting I's and Crossing T's, and atta boyz and girlz, for a job well done! imo.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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