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Restored Republic via a GCR: Update as of April 21, 2018

Restored Republic via a GCR Update as of April 21 2018 Compiled 12:01 am EDT 21 April 2018 by Judy Byington, MSW, LCSW, ret. CEO, Child Ab...

Thursday, September 22, 2016

Dinarland Highlights for September 21, 2016

Dinarland Highlights - 9.21.16


When the G20 meeting took place and Paris agreement was ratified by all parties...it included the RV and GCR. It was a done deal at that time, it was agreed upon. What has happened at the UN was very positive in terms of Iraq. Abadi did meet with Obama yesterday...The result will be positive for us. Iraq has received complete sovereignty finally. All their sanctions were removed. They are the 209th nation admitted into the World Counsel of the UN. The second thing they were instructed at the UN was to go ahead to revalue the Iraqi dinar immediately. What does immediately mean? Whatever immediately means, we are going to take as very good news. The understanding is they think Abadi has to return to Iraq. That meeting was going to finish around 9est time tonight [Tuesday]. Then the possibility he has to head back and make announcement in country.

I believe everything is in the Gazette couple of days ago and visible. Bank reforms, new laws are all in the Gazette, published and online both. Iraq is done. Everything is a go from Iraq’s perspective. Everything is very positive. That part is good. They got their sovereignty, part of the World Counsel and were told to revalue their currency to make the rate availability immediately... We understand the CBI is connected to the IEX and the minute they put a new rate on it, it will be seen immediately on the system. My understanding was the IEX was to replace Forex. The final access codes are to be entered. The rates are very good to our knowledge. They may have gone slightly up. What we know, it is going to be fantastic guys. Pretty much we are looking for a sort of any time now scenario.


"IraqÂ?s Shrinking Revenues, the I.M.F. and the Oil Dilemma"

"The suggested reform program is very ambitious. It aims, according to the I.M.F., to bring spending in line with lower global oil prices..."

...when I read articles like this the IMF is doing exactly what they should be doing. They're insuring that the only real business model in Iraq stays afloat and the IOC's get paid, otherwise, these folks will pull up stakes and then Iraq really will be in a jam because without oil, there's very little else generating revenue. The numbers are staggering, Maliki and company brokered these deals when the price was $100 a barrel, now that it's dropped to below $50, To keep payments at that rate when the oil price hit $30/barrel (or bbl), Iraq had to allocate more than three times that volume. This is more than 50 percent of its total oil exports that represent close to 90 percent of its budgeted revenues. Iraq had less oil to export and at a lower price, generating less and less revenues. The model is unsustainable, something has to change quickly.


I believe IMO Abadi is giving Obama a full report right now...not on Mosul... because that is over with...not on terrorism because that is pretty controlled...but on corruption that was destroying and delaying the Monetary and Economic Reforms that the IMF demanded be done before November. This past week the market got out of hand...those that know how to steal and make money are making their last gasp...it is 1166 that is the exchange rate...but the street rate got all the way up to 1300...the CBI was getting hammered by the market...and the next thing you know..."The IMF is Telling You to Reduce the Dollar Exchange Rate”...intervene urgently...adjust the exchange rate...this is continual pressure... I got a feeling that Iraq is going to raise the value of their currency IMO...and I have a feeling the CBI is ready and poised...because they have been escorted by not only the IMF, UST, WB, BIS...but by us...the USA...to be in position to raise the value of their currency...they are right now to be in a perfect situation...


"Parliament dismisses Hoshyar Zebari"

"Jubouri: We will respect the Federal Court 's decision on answers Zebari"

"House of Representatives voted to dismiss Finance Minister Hoshyar Zebari on the background of corruption charges"

Parliament dismisses Hoshyar Zebari...Which is - (all of their pursuit of corruption) - one of the key points the IMF has made to them... they HAVE TO DEAL with it...they are doing exactly what the IMF has advised them they must do...

"...the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform..."

...they are responding to their IMF supervision.



Adam Montana

No alert flags. I see good things happening for the IQD right now, I'm actually on a "medium" alert at this time...


Here’s another little thing for you...even when the value goes from an RI into an RV...yes the dinar will be a dinar inside the country...but it is going to explode in our hands...supply and demand... internationally…


"Iraq Stock Exchange launches instructions online trading system for investors"

"...the market identified instructed disclosures required of brokerage firms, which contain procedures to disclose the risks associated with an investment models dealing with investors (Know Your Customer KYC), and commissions that Satkadaha mediator, as well as the requirements are carried out by investors to agree to their trading via the Internet..."

this is a very good article and yet another reminder of the progress Iraq has and is making. Investors vetted via KYC and having access to easily trade electronically are huge foundational necessities for both public and private investment.


"Parliamentary Finance demanding the central bank to intervene "urgently" to reduce the dollar exchange rate"

Here's hoping there's enough reserves to get the MCP below 2% for 90 days. The only way to get the street rate down is to satisfy the demand for dollars or unpeg and let the dinar drop to 1400-1 again. ...Iraq has to demonstrate they have control over their currency and provide monetary stability to potential investors and right now, they don't have control over the dinar.

Dr. Clarke

This is EXACTLY what we were hoping to see today, the 21st, as we've been talking about Sept. 21 now for past 3 weeks, as a Key important date...and SEE immediately on the other side...Zebari removed...and IEX 1st Qtr. info released...ALL while Abadi out of the country...hmmmmm....World Bank today also, huh?...same day? Right on Schedule, Right on Time, Right Now, moving according to "Plan". Very Positive Momentum right now. Friends, it's only going to get MUCH BETTER, from here on out...There'll probably be a "small" downer thrown in over the next few days - but IGNORE IT...will pass right by & thru...As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. Please find that SMILE that's been hiding in Doubt, for Oh, such a very long time...at least find a small one, even to yourself, that nobody else sees...It's time to Start Smiling, and KEEP Smiling...this time.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru



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