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Restored Republic via a GCR: Update as of Sept. 22, 2018

Restored Republic via a GCR: Update as of Sept. 22, 2018 Compiled 22 Sept. 12:01 am EST by Judy Byington, MSW, LCSW, ret. CEO, Child Abuse...

Saturday, June 23, 2018

Dinarland Highlights for June 22, 2018

Dinarland Highlights - 6.22.18

Bruce (The Big Call)


...we are in a very good position right now. I heard some things yesterday that were telling us just exactly how close we were. Even though we didn’t get a start last night or this morning [Thursday], we are in good place for that to take place.

...I will say now Iraq did their thing. We got word out of Fallujah that today Iraq did make their announcement about their elections and did essentially what they needed to do...Also, they did have a reinstatement of their rate...I believe they have their actual revalued rate ready to go. When you are down to the wire, really down to where you can see that finish line and cross through and break through that tape like we are going to do, there is not a whole lot else that I can even think of that we need to know. I am excited about our timing. I have heard of a specific time frame that we are looking at right now for this.
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Kaperoni (Dinar Alert)

...the IMF made it clear in 2012..move to a more liberal exchange rate regime...That is a float...but this is not some random act...the reasons are clear...the CBI needs a mechanism to counter inflationary pressure...the float is the mechanism.

[If they send a request to be put in Article 8 will that be known publicly?]

the IMF should publish that yes but...I believe the best chance for that would be at the same time as when they have their Article IV Consultation...sorta give the CBI a rubber stamp of approval...usually those are in March, but a few years ago they had one in June...So I am expecting it soon... I do expect the CBI to accept Article VIII soon though... [Guru] Enorrste thinks anytime and they won't wait for the GOI, I not so sure...CBI got to be antsy... risky if falls out of compliance.

If I was a Lop guy it would be different but with a float, its the same result just slower... dont know how fast it rise...

[What does "Deleting the 000" mean to you?]

it mean two things 1. a LOP 2. raise the value and the zeros go away ...with 60 trillion + dinar in circulation we better hope they decide to raise the value gradually via float because the alternative is a LOP. I am not saying they will, in fact I believe they won't but there cannot be a RV or RI with that much dinar on the streets and those who say they are reducing it are wrong...you cannot reduce the money supply when the CBI has currency auctions...they can remove the paper, but the money supply has to remain...the auctions are a balance of dinar to dollars. drawing one or the other in creates demand which would throw the spread out of wack. So until the auction end they cannot reduce the money supply substantially...

[Many...say that the CBI has said "NO FLOAT"...]

A float solves that issue...here is the problem with that "no float" comment...the CBI has stated on at least 10 times they will float...my view is that the CBI was simply saying they could not float at the time...which makes sense...they were out of compliance and not ready... if the CBI expects (and they do) large investors investment coming to Iraq it will create pressure on the financial system...A peg must go...there is only one alternative...a float...and the IMF made it clear...move to a more liberal exchange rate regime... it will rise fast then... put the words liberal exchange rate regime in google...those are the IMF words not mine...answer...floating or flexible exchange rate.
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BobTheTaxMan

…The sanctions that were imposed on the CBI had been taken off and what people may not realize is that the Central Bank of Iran (not Iraq) have been siphoning U.S. Dollars from the CBI into Iran…Well the Central Bank of Iraq was approached by the U.S. government saying, “hey this doesn’t help us…this isn’t going to work and you’re still under sanctions.” So the CBI says we see what you’re saying so they shut them off [Iran]…if you would have watched the news you would have seen where the Central Bank of Iran had sanctions imposed upon it and the flow of money going to them got cut off because the Central Bank of Iraq said nope we’re done. One week later the sanctions that were imposed [On the CBI} since clear back in the 90’s (since the invasion of Kuwait) are now gone. The CBI is fully functional. It has the ability to do everything it needs to do…
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Don961 (KTFA)

"Iraq discloses designs for redenominated banknotes slated for July 2013"


Were they poised to do this in 2013??? ... did DRS [Dr. Shabibi] and the CBI have everything ready to launch??...oh yes!!!...

...this article came out in July 2012... "The independence of the CBI suffered a setback in January 2011 when former Prime Minister al-Maliki won a court ruling that placed independent institutions, including the CBI, under the control of the cabinet. In January 2012, the CBI raised the exchange rate of the Iraqi dinar to $1.19, causing a huge crisis that led the Supreme Judicial Council to issue an arrest warrant for CBI governor Sinan al-Shabibi in October 2012 on charges of corruption." It was that close!!!...imo.
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tman23 (Dinar Updates)

The truth of the matter is Iraq has plans to implement monetary reform and get off the additional 3 zero money system.

...THE FIRST THING YOU WILL SEE HAPPEN... The Introduction of the new currency... This is NOT A TURN ON THE ATM EVENT AND RELEASE THE NEW CURRENCY NOTES... THIS WILL BE AN EDUCATIONAL PROCESS. They will introduce and describe the new currency notes and security features to EVERYONE...EVERYONE WILL SEE THE START OF THE EDUCATIONAL PROCESS AT THE SAME TIME ON THE NEW CURRENCY AND NOT JUST INSIDE OF IRAQ... PEOPLE TRAVEL TO IRAQ AND EXCHANGE TO USE THEIR CURRENCY SO THE WORLD WILL KNOW OF THIS CURRENCY NOT JUST IRAQI'S... This is an exact statement made in Iraq "The new currency must come first as a prelude to lifting the 3 zeros from the currency notes"...Make SENSE? AND 3 zero notes will never ever FLOAT...
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Adam Montana

[Regarding the Article 8 requirement that a country must maintain no more than a 2% differntial between the official rate and the market rate for 90 days before it can transition to Article 8.... Since Iraq finally was able to maintain that compliance for 90 days as Friday, June 15, and since Iraq does not appear to have been motivated to do that until now, do you agree this is a good indication that Iraq wants to move to Article 8 shortly, especially since they've been had trouble maintaining less than 2% previously?]


Compliance/entry into Article 8 does not magically influence the world to resume trading IQD in the same manner as we do other currencies you can find at any old exchange desk... all the way down to the mexican peso! Thinking about it this way can be a bit of a distraction, so I try not to put a ton of emphasis or importance on "Article 8". The IQD will become "internationally recognized" once Iraq itself puts their faith into it - and that will be symbolized/shown with an RV. When the CBI changes the rate, nobody will care about Article 8.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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