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The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

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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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Saturday, August 12, 2017

Dinarland Highlights for August 11, 2017

Dinarland Highlights - 8.11.17

Kaperoni


Article:
"Trade Bank of Iraq: the global market began to trust the future of Iraq's economy"

[Ok then lets show the world that your currency isn't toilet paper any more then...Let have some value added to it...]

...they cannot just add value to the dinar arbitrarily. And the CBI would be foolish to do so..since they are [in] the business of making money. The dinar will rise in value as this investment flows into Iraq and the world gains more confidence in Iraq. Iraq needs to get in compliance with the IMF so they can move to Article VIII and let the process begin. What happens from there will be fun to watch. One thing is for sure, Abadi is hyping this little bit of success. Hope it works out.
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G-Lin

"Report: Electronic payment removes the "dinar" from the pockets of employees"

Quote:
"The salary of the employee will be 2000 Iraqi dinars (less than two dollars), regardless of its value."

Well to me it is saying that there may be plans for a different value for the dinar. At todays rate of 1260 they are getting $1.59 for 2000 dinars. If that changes to a 1 to 1 they would receive 2000 dinars worth a lot more in purchasing power than that $1.59. In Iraq 2000 dinars will always be 2000 dinars. A change in value is what we are looking for of course. That 1 to 1 means something totally different to in-country versus what it means to us. We be dancing in the street. I just liked that they said " regardless of value." I can't imagine the value going anywhere but up. All JMO.
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Aggiedad77 (KTFA)

Frank [Guru Frank26] ...offered up a few thoughts...let me share...what he said... great news today from our friend (Walkingstick) ...a plethora of information...information that he believes IHO that we will see the results of in 2-3 days...Time for the media to catch up...Frank says that so much is happening...no we don't know the date or rate...but there is sure a lot of activity happening right in front of us...right before our eyes...So that is it in a nutshell for now...the BEST is coming.
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Bruce (The Big Call)

We know that Iraq was released from Chapter 7. They had an announcement yesterday from the UN releasing them from Chapter 7. The IMF also made an announcement last night essentially saying the same thing that they are released. To be released they would have to have a rate on their new Iraqi Dinar. We do not necessary have it on the CBI site or totally global out there yet. The last thing that needed to happen for Iraq to be released from Chapter 7 was the new rate, and then have a new international tradable currency. Will they transition directly into Chapter 8? We don’t know that for sure. I thought they automatically did that. There is a holiday today or was a holiday today [Thursday] in Iraq. We believe the reason for the holiday was because they were in fact revaluing their currency.

Not only they have been released from Chapter 7, but also the fact their ATMs are now operational with lower denoms. Those ATMs in Iraq are finally operational in Iraq and also in Saudi Arabia and in Jordan. When the lower denoms come out we always said this when they do come out that is when we have proof the RV is taking place. In cases where we know people have the new QI cards which are set up for oil and gas proceeds, profits that are shared among the citizens of Iraq, there is now a settled in rate, two digit rate, now on those cards both in and outside of Iraq. We know people with those cards are able to see that rate and we been looking for that rate to drop in and be solid and not flickering. It is a solid two digit rate and some digits behind that which are still flickering, but enough of a rate showing that is a great indicator of things moving forward. Possibly the rate is getting ready to drop in any moment. The timing is really close. ...understand you are in a very good place because we are in an excellent situation to be notified very shortly.
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Shredd (Bond Lady's Corner)

Article:
"The Iraqi Trade Bank: The global market has begun to trust the future of Iraq's economy"

Take a look at this part: "...a number of comprehensive offers in London, Boston and New York and received a positive attention by investors from global investment funds, and proceeds of the IPO value of what was on the market more than seven times the amount required."

This is a big deal folks. Investor confidence and then some! This strong investor response will result in more investment, that is guaranteed! The rating holding is good too. As Iraq prepares to respond economically to the lower oil prices, selling their debt like this makes sense and again, the investor appetite is awesome to see!

This should move the needle on the stability front and as security improves, the next move should be to reengage the project to remove the zeros and reflect a more realistic value to the dinar. Investor protections are in place (kyc, balance protection, generous trade windows, etc) and this powerful confidence from investors, combined with asset management from huge international finance banks sets the stage as perfectly as we could have hoped for. Be very encouraged. This is good to see!
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tlm724 (Bond Lady's Corner)

Article:
"The Iraqi Trade Bank: The global market has begun to trust the future of Iraq's economy"

Quote:
"Banks Economy News Baghdad: The Iraqi Bank of Commerce announced on Wednesday that the global market began to trust the future of Iraq's economy after the issuance of the country's bonds worth one billion dollars."

I am very excited about this bond issue and maybe they will offer a tranche to satisfy the demand!!! Iraq has been making ALL the right moves since the liberation of Mosul and that is not a coincidence either. Exciting times no doubt!!!

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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