Dinarland Highlights for January 24, 2017

Dinarland Highlights - 1.24.17

ADMINBILL


I...RECEIVED A PM FROM ONE OF OUR MEMBERS WHO SAID "From asking my Iraq friends here in town about the memo that have been sent to the embassies about raising the value of the dinar, 4 embassies been called and that turned to be not true, no memo were sent..."

IT IS IMPORTANT THAT WE PAY ATTENTION TO ALL INFORMATION WHETHER IT IS GOOD, BAD OR INDIFFERENT. I AM AWARE OF THE SOURCES I RECEIVE MY INFO FROM AND I AM CONFIDENT OF IT'S ACCURACY HOWEVER I WILL NOT DISCOUNT THOSE THAT GIVE ME INFORMATION. I SEE NO REASON TO BELIEVE THIS NOT TRUE.

...IT WAS REPORTED AND THE SHARED WITH YOU AS INFORMATION TO DIGEST.

IF YOU CALLED THE AMERICAN EMBASSY DO YOU BELIEVE THEY WOULD RELEASE A DISPATCH THAT WAS MEANT TO BE PRIVATE TO YOU? I THINK NOT. AN IRAQI CITIZEN CAN CALL THEIR EMBASSY ANY TIME THEY WISH. THAT DOES NOT MEAN THEY WILL BE GIVEN ACCURATE INFO ANY MORE THAT WE WOULD GET FROM OUR OWN. IT IS STILL MY UNDERSTANDING WE ARE IN A VERY GOOD POSITION THIS WEEK. I DO NOT WANT TO GIVE A TIME FRAME...IT SHOULD BE SOON.
______________________________________________________

Mountain Goat

Article quote:
"Iraqi army and coalition forces prepare to expand their offensive against the Sunni militants into west Mosul."

...sounds like this week that are going to begin the offensive battle in the western section of the Mosul region...As I write this news letter I was just informed the northern section of Mosul is not liberated. Let’s wait and see what they tell us in the news. Remember we wait for the pm Abadi to make a formal announcement of the total liberation of Mosul. This is our queue that the CBI might launch those lower denoms and get this process rolling. This could literally happen in the next week or less.
______________________________________________________

Frank26

We told you many times...Mosul is NOT part of the monetary reform...but Mosul is a requirement for it – in the sense of security / stability. You have seen some dramatic events to that fact (regarding Mosul) in the last 72 hours. Did we not say that once we have Mosul, very quickly you’ll have the MR? – and I still stand by that. Now, last week they told us they have liberated Mosul. Turns out they were talking about liberation of certain pocket areas but not all of Mosul yet. Let us agree that Mosul is NOT fully liberated yet...but very, very, very close.
______________________________________________________

Frank26

I believe that the MCP, the MOI, the MOU, the LOI’s are no longer necessary. You know why? Because we are beyond the Monetary Reform. What I believe is that right now...Iraq is going through a phase

...entering their NATURAL POSITION in the INTERNATIONAL world. Everything you are seeing right now has to happen with URGENCY! There are spots in Iraq that are fighting against the program rate. Some are very well aware about what is going to happen with their currency. Iraq is driven by money...and at this point...I believe that they are maximizing their investment...their currency.
______________________________________________________

Frank26

We should be seeing very soon...at least this month, walking into next is the release of Chapter VII in an official manner...so that the budget...so that auctions...can be defined a little better. Where is the budget? In the Gazette. Shouldn’t it be open and implemented right now? No. Why? Because it has a program rate. So why don’t they use it? Because they are waiting to change their rate.

...any time after the 20th (time frame) until the end of the 1st quarter (Friday, March 31st)...From the 20th until the 31st of March...this thing is loaded for bear!
______________________________________________________

BGG

[...any idea why the date on the CBI site has been frozen at "Indicative rates - 04.01.2017"?]

I have offered my opinion - it has something to do with the recent changes in how they do things within their banking system (going on right now) - and while odd, may have nothing to do with a change in value. I did not say - "nothing to do with currency reform" - because, if it has anything to do with the recent shake-up in their banking structure - then obviously, it has something to do with "currency reform".
______________________________________________________

wmawhite

[...I dont believe that a RV will change the corruption in Iraq.]

You are correct...and why is that? Answer: because the IQD will NOT change in value within Iraq. Corrupt people will continue to look for ways to benefit off of other people's hard work.
______________________________________________________

ADMINBILL

WE ARE APPROACHING GOOD TIMES ... PERHAPS AS EARLY AS LATER IN THE WEEK BUT SURELY IMO NEXT WEEK.
______________________________________________________

wmawhite

Article:
"Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system"

This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
______________________________________________________

Mountain Goat


Quote:
"Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are the bottom, including Iraq, Lebanon and the countries of the list."

What they are telling us is the Iraqi dinar deserves a much higher ranking among the GCC countries but where is it today? Compared to the other countries Iraq will very soon rise out the ISIS crisis. How will this happen? We all know and its coming soon. This is the point of the article.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru