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Restored Republic via a GCR: Update as of April 18, 2018

Restored Republic via a GCR Update as of April 18 2018 Compiled 12:01 am EDT 18 April 2018 by Judy Byington, MSW, LCSW, ret. CEO, Child Ab...

Friday, October 14, 2016

"Deleting the Zeroes" - Fri. PM KTFA Thoughts, News w/ Frank26


 » October 14th, 2016

After all these years of articles about "deleting the zeroes", I've often seen the question asked but never adequately answered, what does that specifically mean?

Is it turning .00086 into .86? Is it simply getting the big bills out of circulation? Is it both? Is it something entirely different?

Ive read several folks opinions on what it means but they were just guesses (maybe just wishful guesses ), but no seems to know for a fact what it means.

Perhaps when this thing is over I'll be able to look back and tell what they meant!

 » October 14th, 2016

1,000.00 Dinar to 1.00 Dollar......... Then after dropping the 000's you have 1.00 Dinar to 1.00 Dollar.

 » October 14th, 2016

Yes 7-FA, But the new question is: In your Iraqi bank account (Warka) do they also drop the 3 zeros?

Does your account go from 25,000 dinar to now 25 dinar? Or does it stay at 25,000 dinar?

 » October 14th, 2016

The only place the 3 000's drop is in the exchange rate not on the bill itself so say you have a 25,000.00 Dinar bill it stays a 25,000.00 Dinar bill worth 25,000.00 Dinar.

 » October 14th, 2016

Its not a lop. Your USD is going thru a conversion change. You don't have to worry about the IQD. Just like the Euro. Peso. Great British pound…. Its their purchase power. Who cares about their value in their country. It doesn't affect us. …. Once they convert their purchase power you will get more dollars then you have spent. If you were in Iraq then you will see nothing except you can buy more grocerys for less money. Really simple

 » October 14th, 2016


 » October 14th, 2016

I was confused about this as well until a while ago Frank explained that deleting the 000's is strictly ELECTRONIC. The physical currency will remain the same and smaller denoms will come out as well. That also dispels the whole LOP theory that was in question when I first bought Dinar years ago.

 » October 14th, 2016

I believe THAT which you just explained is exactly what was being asked by Old Man River and Singingwolf.

Many years ago, this was a common question when the old "LOP" argument was making the rounds. The inquiry was whether the "000" was being taken off of the face of the note (ie, LOP).. or... whether it was being taken off the value of the currency.

We "speculators" were hoping the "000" were being taken off the value (ie. from .00086 per dinar to .86 per dinar) and then allowed to float up to "1 to 1". This would have meant that a 25,000 dinar note which was worth $21.50 (at .00086) would increase in value to $21,500 (at .86) and then increase further as the float ensued.

Your explanation Faithblossoms seems to match this scenario.

 » October 14th, 2016

And to further expand on the original question.. whether if Joe Smith has a 25,000 dinar note deposited at Warka Bank, will it still be 25,000 dinar after the RI/RV or whether it will have been adjusted downward to 25 dinars...

Assuming the scenario which I posted and that was explained by Faithblossoms are correct, then the "000" would have been removed off of the "VALUE" of the dinar. Thus, the amount of dinar in Joe Smith's bank account will not have been affected at all. A dinar inside Iraqi borders is still a dinar. However, when converted and wired back to Joe Smith's US Bank account, he will be much surprised at how much his 25,000 dinar had converted to due to the removal of "000" from the value. All IMO, of course.

 » October 14th, 2016

They have a plan with The IMF and the IMF does not plan for a LOP................ seriously think about that .

 » October 14th, 2016

(Being, very brief) A transitional rate 1000:1 ----- > If one were exchange a 25,000 note at a 1000:1 ratio (subdivided at 1000 fils) at some point it would be traded for a 25 dinar note.... The exchange rate/purchasing power does not change... The only change, face value of the note itself.... ie: A 25 dinar note would still have the exchange rate/ purchasing power of a 25,000 note... Fast forward, paving way for a revaluation....

 » October 14th, 2016

Ahbabi: Abadi organize a visit to the American States to discuss the Turkish military incursion

Fri, 14 Oct 2016

It is anticipated that the Prime Minister Haider al - Abadi begins an official visit to the United States in the coming days to discuss the political and diplomatic escalation between Baghdad and Ankara crisis .

The MP for the coalition of state law , Nahla Alhbabi told Republic News that al - Abadi told during a meeting with leaders and members of the Islamic Dawa Party , he would beorganizing an official visit to the United States to discuss the Turkish military incursion in Iraq on the basis of the Strategic Framework Agreement, noting that the visit Abadi fall within the framework of actions taken by the Iraqi government and the invitation of the Security Council to convene to discuss this incursion .

She Alhbabi that Iraq would have a clear position if Washington did not intervene forcefully to end the Turkish presence in Iraq and the failure of the UN Security Council to pass aresolution imposing sanctions on Turkey after the threat of a violation of Iraqi sovereignty .

And escalated the differences between Iraq and Turkey over the past few days because of the Turkish military presence, and moved to the presidential level between Turkish President Recep Tayyip Erdogan, Prime Minister Haider al - Abadi, the latest statement , Erdogan today, which confirmed the that his country is determined to take part in the international coalition operations in Iraq, attributing so to "preserve the unity of Iraq , pointing out that in case of rejection of the coalition will do the plan and (b) if this does not work well we will move on to plan c , " stressing that "Turkey is not a tribal state and everyone knows it . " ..


 » October 14th, 2016


Ok Why is Abadi coming here ???... TO DISCUSS TURKEY ???

What. The phones don't work over there??? Skype is down or something. This just simply doesn't add up. If ANYTHING I would thing the US would go to Abadi.

I know I'm reaching here, but this article forces me to think out side the box a little bit. Remember. WATCH WHAT THEY DO. NOT WHAT THEY SAY>>>!!!!

Could this entire Turkey thing be another Fat Lady ??? Prolly not. It does make ya think though.

Don961 » October 14th, 2016

Saturday, October 15, 2016

IMF to Help Iran Relink With Global Banking

Tayyebnia briefed Lagarde on the developments in the Iranian economy after President Hassan Rouhani’s government came to office in mid-2013.

The International Monetary Fund will use its resources to help remove barriers that hinder Iran’s restoration of ties with international lenders and financial institutions, Christine Lagarde, managing director of the IMF, said in a meeting with an Iranian delegation on the sidelines of the annual meetings of the IMF and World Bank Group in Washington

“I will personally discuss the banking issue with US officials in order to solve the problem and accelerate the process of joint efforts between Iran and international monetary organizations,” Shada quoted her as telling the Economy Minister Ali Tayyebnia.

“The IMF will also continue providing Iranian banks with technical assistance and training and the collective experience of other countries,” she added in what was the first meeting between a senior official from Tehran and the IMF chief in two decades.

Tayyebnia presented a report on the developments in the Iranian economy after President Hassan Rouhani’s government came to office in mid-2013. He also briefed Lagarde on the macroeconomic policies, especially those regarding structural reforms as part of the Resistance Economy in 2015.

The Resistance Economy is a set of guidelines proposed by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei for reducing dependence on oil export revenues, empowering domestic producers, diversifying non-oil exports and promoting local manufactures.

Tayyebnia explained the economic progress of the government, namely increase in GDP growth, lowering inflation rate to below 10% for the first time in more than two decades, stability in the foreign exchange market and promoting a stable economic environment.

By issuing securities and Islamic bonds, implementing the Banking Overhaul Plan and sending two banking reform bills to the parliament the government is moving on the path of repaying its debt to the banks and the private sector.

The Banking Overhaul Plan is seen as a milestone in implementing major reforms in the ailing and cumbersome banking sector.

Deputy governor of the central bank, Akbar Komijani who was also present at the meeting, briefed the IMF chief on the central bank’s plans to introduce the long-awaited single currency rate. Pointing to the CBI’s efforts to shift funding for most imports from the official (subsidized) forex rates toward the market rate, he echoed Tayyebnia’s recent remarks that the currency rates will be unified before the fiscal year is out in March 2017.

In a separate meeting Lagarde spoke with the economy ministers and central bank officials of countries in the MENA region and the director of the IMF Middle East and Central Asia Department, Masood Ahmed.

In the meeting in addition to talks on the stagnant international economic growth, issues such as removing of banking restrictions and expanding correspondent relations were discussed.

World Bank Ties

The economy minister and his entourage also called on the World Bank’s interim managing director and chief operating officer and senior vice president of operations.

“We will accelerate the process of collaborating with Iran in order to move it to the implementation stage as soon as possible,” said Kyle Peters of the new framework of cooperation between the global lender and Iran.

Noting that Iran has a history of working in tandem with the World Bank, Tayyebnia stressed that the country wants to “employ all the potentials” in order to help launch structural economic reforms “within the framework of our own national policies.”

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