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(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

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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Featured Post

Operation Disclosure: GCR/RV Intel Alert for August 14, 2018

RV/INTELLIGENCE ALERT - August 14, 2018 (Disclaimer: The following is an overview of the current situation based on intelligence leaks ...

Monday, April 9, 2018

Dinarland Highlights for April 8, 2018

Dinarland Highlights - 4.8.18

BGG (Dinar Updates)


Article:
"Central Bank: We have succeeded in ending the exchange rate gap"

This article has been out for a bit...There has been all kinds of commentary on it. What does it mean? Will it float? Are they in compliance with the IMF’s directives? Many interesting points, but I think everyone is missing the big picture here. What are these miracle steps the CBI has taken to close the gap between the “Market rate” and “Official rate”?Bottom line? Nothing really… They wrote a few memos and changed how they are doing things a little. Other than making threats to deal with their endemic corruption...nothing really. So what is it? Short story – they want to. For a very long time the IMF, UN, WB and others have had these guidelines in place. However, Iraq and her corruption politicians have thumbed their noses at the world systems and continued robbing their own people blind...right up to the point of nearly setting the whole Middle East on fire for the nothing more important than a slight political edge in the then upcoming elections.

On the other hand, the IMF, UN, WB and others have been content to shrug their shoulders and leave Iraq at the same value and in the same (financial) condition she has been in for decades. If they don’t want to play ball – no reason to let them back in until they can show some financial accountability. All of this begs the question – “What does the IMF, UN and WB have to do with the value of Iraq’s currency”? Iraq can declare whatever number they dream up, much like Saddam did. If no one will accept it, buys it or agrees to hold it – what does it matter what the number is? Fast forward to today… we watch this AMAZING closing of the “Market rate” and “Official rate” gap in Iraq… It hasn’t EVER happened. Why now?

First, who is this announcement by the CBI for? Does this affect the everyday people in Iraq? If it did, it would be to the tune of few dinars per transaction… so no, it doesn’t affect them much. Then who is the CBI talking to? I see this as a public declaration by the GOI and CBI to the IMF and others they intend to play ball. Secondly, they have to do this before they will be fully accepted by the world exchange markets. It appears they intend to get there quickly. Why? The answer to this whole commentary is simple… BECAUSE THEY WANT TO. They simply lacked the right level of desire before. It seems like they have it now. Going back to what are they doing to affect this change? Dealing with their corruption. That’s it. Do I care what they do or how they do it? I do not. The end result will be the same. I am happy we are seeing real results...
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Kaperoni (Dinar Alert)

Article:
"Central Bank: Progress payments system leaders to control the flow of money"

Seems very clear to me that if they can stay in compliance through the 90 days they will accept Article VIII.

[Do you still think a June-August time period sounds right? From this article, it sure seems so...]

...many things must go right but I am hopeful Article VIII will occur this summer and investment will flow into Iraq to begin the process we need which will allow the CBI to float the dinar and delete the zeros.
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Mountain Goat

"PARLIAMENTARY SERVICES REVEAL THE WITHDRAWAL OF DONOR COUNTRIES AND COMPANIES AT THE "KUWAIT CONFERENCE"


Quote:
"Iraq has said it has demonstrated difficulty of achieving the impossible conditions set by the participating countries."

...oh man! They are taking too long implement this! ...It is close to 2 months already since the donor conference. Do they think these companies are going to just sit back and wait while they internally fight over this damn budget and investment laws? ...this...paragraph says it all – “while he warned of the slow government in the planning process and bureaucracy that will frustrate others and push them to withdraw”. Iraq must find a way to breakthrough this bureaucracy and stagnation in the parliament for passing the much needed legislation. Maybe this is part of the list of the laws Jubouri wanted to pass on 3/29 as part of the basket of laws. Now we see what he was trying to do and why.
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mike (Dinar Alert)

...the truth is Abadi never had a fully seated cabinet...just like we had with Maliki. Political dysfunction. ...it's frustrating watching these folks. Pass the economic laws that allow for outside investors to own businesses without partnering with native Iraqi's. Stop passing laws that protect the ruling elite from corruption. Move to Article VIII. Have a fully seated and functioning government.​ The vague assurances of banking improvements don't move the needle for me anymore,my hopes are they can hold this spread for 90 days and Iraq begins the float. But without exports, the dinar will remain stagnant, there will be no demand for it. My fears are that once the election in May is over the spread will return, I hope I'm wrong. --Stay grounded...
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Bluedog

IRAQ IS STACKING UP SIGNED CONTRACTS FOR SURE AT WHAT RATE AND CONDITIONS CONTRACTS SIGNED MUST BE NOT PR RATE...INVESTORS WOULD HOLD OUT TO SEE WHATS GOING TO TRANSPIRE RIGHT!!!!! OR HAVE THEY KNOWN IN SIDE BARS IMO.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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