BGG
Article:
"Parliamentary Finance's "approach" to postpone the project to delete the zeros until further notice"
Quote:
"...Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice."
...that almost has the "smack" of her pointing out that this WAS PLANNED - then POSTPONED until further notice. Which is...accurate...they aren't saying further notice isn't tomorrow, next week or next month either. Why would they be "rehashing" a decision that was put off back in 2012 - right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact...it is a little weird this is coming out now - right near the end of Mosul... or in this "first part of 2017 timeframe" - why now? I think it's obvious.
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Frank26
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Frank26
...we believe Mosul is 100%. Very, very soon... maybe over the weekend...they should tell you that Mosul is liberated. So...we are looking at the CBI...we are looking at their actions / words. In the last few weeks...news from the CBI has been very, very good. IMO...with these conditions of Security & Stability being magnified over the last 48 hours...and the fact that the US Dollar rate is declining...declining to the IQD inside of Iraq...and IMO...they are floating their dinar to land at a certain point...to remove some zeros. The exchange rate...lifting of the 3 zeros is closing in. Iraq can lift the value anytime they want.
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Bruce
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Bruce
...what we are seeing in terms of Iraq, we have heard today [Thursday] as of 5am EST Iraq is exchanging currency in the Middle East with 4 or 5 countries at a rate of $4.96. It was really approaching $5. We heard a rate of $5.20, but I can confirm $4.96. Iraq is kind of doing their own thing. They started a few days ago on Saturday with a bond offering of a sovereign bond in Iraq $1 trillion offering. Four or five countries of the 23 countries that were offered it took advantage of it right away, which included France, Russia, United States, and others that took advantage of those bonds. What we are hearing of Mosul is positive. It was completely taken back. We are looking for an announcement of that. Things are being done and moving in a right direction. We are really in a good place. I look forward to...the start of a good weekend.
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Frank26
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Frank26
Their Central Bank communicates with the IMF...and the CBI in 2015 they sent a memo to the IMF and said look...we thank you for the green light to lift the 000’s from our exchange rate...but we are studying the situation right now...and unfortunately as we know and you know...by law we cannot delete the 000’s...right now in the middle of this year 2015...so we are going to move everything to the early part of 2017.
...the acting governor of the CBI said very clearly in the articles...he said...I am trying my best ok but we cannot raise the value of our currency in the middle of the year...it has to be at the beginning of our fiscal year...the Monetary Reform is the deletion of the 000’s from the exchange rate...we have accomplished what we needed to do in lifting the 000’s from the streets...and we are at the start of 2017...and it is now time implement the Monetary Reform...and I think they are IMO... IOO...we are very close on the RV...there are no delays.
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mike
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mike
Iraq is making great progress and will, in time, remove ISIL from western Mosul, it's invevitable. How long it takes is up in the air, if the US becomes more involved with troops and Apache action, it's definitely going to get done quicker. Abadi better have a plan, and not just for the country but the economy. We still need the banking, investment and open market legislation completed, all this talk about the currency and diversifying means squat unless they have the legal and economic foundations for success. If they unpeg today, I don't see how the dinar will gain value, if it had value now, they wouldn't have the MCP problem we have today. The auctions are the only thing propping up the currency. I'm cautiously optimistic Abadi will pull a rabbit out of a hat and get Parliament in line to pass the legislation and include the Sunni's and Kurd's in the government. If not, it's going to be one crises after another with little to show for it. Your move, Abadi.
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tman23
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tman23
"Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year."
“There will be two elections in September: parliament and presidential,” Barzani said during an interview ...I won’t be a candidate myself."
WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY...HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD...THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE...TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED...NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST...i BELIEVE THEY MEET TO ANNOUNCE...AND SIGN...NOT NEGOTIATE!
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Dr. Clarke
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Dr. Clarke
...we’re on the MOVE! This “Perfect Storm” has an ending in sight. There are SO MANY pieces to this “Perfect Storm” flying together, like Magic, as we speak, and it’s picking up Momentum...you can see it, just from the scanty little bit of military information being shared publicly, on Iraq & Syria...like we always say, there’s much more, and especially now, under the Pres. Trump admin., that’s purposely being “Silenced” on what’s MOST Important, for the Good of All...but what IS being shared, is very very deliberate...and Iraq, now being admitted for travel into the U.S., as “cleared & normal”, apart from the “Original 7 country ban”...should give you a Happy hint...One other small item to mention: The Value of the U.S. Dollar in Iraq, is noticeably dropping southward, as in “DOWN”...and the Value of the Dinar in Iraq, is noticeably pushing Northward...as in “UP”. Nice little “perk”, in the thick of things...
We’re Now, going to outline a TIMELINE. This is our View, as it stands today, given ALL THE FACTORS, we have at our disposal, as of right now. FIRST, let us say, that Conditions are such, that there is a LOW Probability, of a new, substantially Higher Dinar Rate, presenting itself publicly, from Iraq country-wide (meaning in the entire country of Iraq), anytime during the next 10 days...and the same goes for Vietnam’s Dong... We said LOW probability over the next 10 days. Not impossible - just LOW...10% Chance. A much much HIGHER Probability, exists AFTER the next 10 days, which is after March 13th. ...90% Chance. Quite a Difference. WHY?: THEY need a little MORE TIME. About 28 Days from Today...and the Probability progressively gets much GREATER, as we approach the end of those 28 days. For What? When ISIS “In the REGION”, is secured to an AGREED UPON SAFE LEVEL, WHICH IS THE 1ST TRIGGER POINT (not just Mosul any longer. This Changed last weekend), FOR OFFICIAL RATES TO CHANGE, then many different AVENUES OF MONEY will be Released, pushed forward, enacted, launched...in a number of Ways, including a substantial currency (Dinar) Rate increase PUBLICLY & OFFICIALLY, particularly within Iraq.
HERE’S MORE on “WHY” at least 10 more days are needed...The Laws in Iraq, are being Changed with URGENCY, and many have already, (the necessary ones) which haven’t been publicly announced. (just a guess) The National Reconciliation, is being negotiated a little more, but not quite where they want it - YET...FYI, they already have the HCL figured out BIG TIME...like the last 2 years to seriously play with this thing. (another guess) There are a FEW more questionable politicians being removed & replaced (wink), WITH URGENCY...The Currency Auction must CHANGE. (It’s Current Form. Can happen QUICK. Planned) There are also a few key “MEETINGS” scheduled, ...scheduled, within our timelines, as well... ...THIS is the culmination and the ENDING, to “The PERFECT STORM”. ...WHEN? APRIL 1st. When IRAQ could Officially - Publicly - Substantially, increase the value of the Dinar country-wide, meaning in every province, territory (the Whole of Iraq). 1st week of April, the Dinar could be Exchangeable worldwide, as an Internationally accepted currency OFFICIALLY. This date marks the BEGINNING of the 2nd Quarter. The 1st Quarter is now over, and for all practical purposes, Iraq did what they said they were going to do, by deleting the 3-0’s, in the 1st Quarter 2017, but made it official April 1. We really believe, we’ll see the emergence of a New, substantially increased Dinar Rate, on this date.
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Aggiedad77
We’re Now, going to outline a TIMELINE. This is our View, as it stands today, given ALL THE FACTORS, we have at our disposal, as of right now. FIRST, let us say, that Conditions are such, that there is a LOW Probability, of a new, substantially Higher Dinar Rate, presenting itself publicly, from Iraq country-wide (meaning in the entire country of Iraq), anytime during the next 10 days...and the same goes for Vietnam’s Dong... We said LOW probability over the next 10 days. Not impossible - just LOW...10% Chance. A much much HIGHER Probability, exists AFTER the next 10 days, which is after March 13th. ...90% Chance. Quite a Difference. WHY?: THEY need a little MORE TIME. About 28 Days from Today...and the Probability progressively gets much GREATER, as we approach the end of those 28 days. For What? When ISIS “In the REGION”, is secured to an AGREED UPON SAFE LEVEL, WHICH IS THE 1ST TRIGGER POINT (not just Mosul any longer. This Changed last weekend), FOR OFFICIAL RATES TO CHANGE, then many different AVENUES OF MONEY will be Released, pushed forward, enacted, launched...in a number of Ways, including a substantial currency (Dinar) Rate increase PUBLICLY & OFFICIALLY, particularly within Iraq.
HERE’S MORE on “WHY” at least 10 more days are needed...The Laws in Iraq, are being Changed with URGENCY, and many have already, (the necessary ones) which haven’t been publicly announced. (just a guess) The National Reconciliation, is being negotiated a little more, but not quite where they want it - YET...FYI, they already have the HCL figured out BIG TIME...like the last 2 years to seriously play with this thing. (another guess) There are a FEW more questionable politicians being removed & replaced (wink), WITH URGENCY...The Currency Auction must CHANGE. (It’s Current Form. Can happen QUICK. Planned) There are also a few key “MEETINGS” scheduled, ...scheduled, within our timelines, as well... ...THIS is the culmination and the ENDING, to “The PERFECT STORM”. ...WHEN? APRIL 1st. When IRAQ could Officially - Publicly - Substantially, increase the value of the Dinar country-wide, meaning in every province, territory (the Whole of Iraq). 1st week of April, the Dinar could be Exchangeable worldwide, as an Internationally accepted currency OFFICIALLY. This date marks the BEGINNING of the 2nd Quarter. The 1st Quarter is now over, and for all practical purposes, Iraq did what they said they were going to do, by deleting the 3-0’s, in the 1st Quarter 2017, but made it official April 1. We really believe, we’ll see the emergence of a New, substantially increased Dinar Rate, on this date.
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Aggiedad77
Maybe it's just me...but I'm thinking for a Friday that is an Iraqi holy day, we've seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there...plans of actions...actions put into play...we are moving forward...I think we've seen further confirmation of their intent post Mosul...post DAASH....in the right direction...the BEST is coming.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru