Dinarland Highlights for February 7, 2017

Dinarland Highlights - 2.7.17

mike


Article:
"Baghdad and Washington are discussing the editing process, west of Mosul"

Quote:
"The Defense Minister Irfan Mahmood Hayali met in his office the US ambassador to Iraq , Douglas Silliman, During the meeting , they discussed preparations for the armed forces in the liberation of the western side of the process of the city of Mosul."

This is the largest fight the Iraqi army will face, the western side of Mosul is the oldest and has the narrowest streets, it's going to be difficult to retake.
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Mountain Goat


Article:
"Iraqi National Alliance Delegation Arrive in Erbil"

Quote:
"A top delegation from the Shiite National Alliance led by Ammar al-Hakim arrived in the Kurdistan Region on Saturday afternoon for discussions over the national reconciliation in Iraq and the situation of Mosul after the Islamic State (IS)."

...remember they told us they would wait and hold off implementing the National Reconciliation until after Mosul was totally liberated. So is this good news for us. Finally a real attempt for peace in Iraq. With peace comes prosperity, with prosperity for these people comes prosperity for us. They very close to the final stages of COMPLETELY liberating Mosul.
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Frank26


...remember, [Guru] Delta brought us the component that says that Iraq can only keep the rate of their currency off of the CBI’s website for 30 days. You really shouldn’t worry about those 30 days...or try to measure them...Why? Because...they had meetings that you didn’t know about until now. Why? This is a special case... Who is helping Iraq out with the monetary reform? The USA, UN, IMF, World Bank...but the USA is deeply involved in the MR of the IQD. The things that are going on...are NOT to fail! The 30 days may be ignored...So we’re making special arrangements with Iraq? Breaking rules and breaking laws? The spreadsheet of the CBI website...has been given special variances...IMO.
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ADMINBILL


IF WHAT I AM HEARING OVER THE PAST FEW DAYS IS ACCURATE, THIS WEEK WILL BE PROFOUNDLY EXCITING. COULD IT BE PUSHED BACK? OF COURSE IT COULD BUT I THINK NOT.
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mike


Article:
"Trump confiscate Iraqi political funds billions"

...here's hoping it's true. I have no doubts that the leadership of Iraq have been pillaging the peoples money for years now, it's just surprising to see Trump seize it. Iraqi's use this money to grease the wheels, they pay people off and employ militia's that are outside the control of the government, if those funds are turned off, Maliki and the rest...are effectively out of business. It isn't Maliki's charm they're following, it's the money.
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BGG


The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.[1] - The Gulf War ended in 1991. So the $3 rate was "live" until sometime in 1991.
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Enorrste


Article:
"Iraq: Calls to raise the value of the dinar"

Quote:
"Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq"

What I found interesting about this article is that the people mentioned as calling for a rise in the value of the dinar are people who are "invested" in the economy, as opposed to legislators or professors, whose opinions run the gamut from positive to negative. These guys seem to have their hands on the controls and are involved in the day-to-day business affairs of their country. Therefore, I see this as a very positive sign that those who will actually benefit from the rise in the value are now calling for the CBI to begin the process.
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loop


Article:
"Financial stresses securing full salaries for 2017"

This is right in line with what the IMF SBA agreement wants them to be doing. It is essential that they have a fully actionable budget and here they are saying that they have got the the salaries for 2017 covered.

[Does being able to cover help the monetary change?]

It just means that they have the salaries factored into the budget and are expressing that they intend to pay them. Which is a big step forward for them...IMO. The monetary change has nothing to do with it. One dinar will always equal one dinar. So if I get paid 50,000 dinars a week, I will still be getting 50,000 dinars a week. What will change is what I can purchase with the money.
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Backdoc


LET'S CALL IRAQ A BRAND NEW STORE, OR A NEW BUSINESS...THE OPEN SIGN IS ABOUT TO BE TURNED AROUND FROM CLOSED.

...TODAYS ARTICLES ARE A CHECK OFF LIST PRIOR TO IRAQ OPENING THEIR DOORS. INCREDIBLE LIST RIGHT ON TIME...NOW WE WAIT FOR THE DOORS TO OPEN TO WE THE FINAL CUSTOMERS IN LINE...

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru