Mountain Goat

I have been told years ago and this still holds true today that when the CBI is ready to conduct the Project to Delete the Zeros in-country, we will not have to guess or spread rumors about it. It will come out in the news…as all Iraqi citizens must know about this event and will know. It will be common knowledge. There is no hiding it. For us investors this is our que to know that of what comes next, the reinstatement.

The TRUTH is the in-country RV and the Project to Delete the Zeros has not yet happened. The reinstatement back to FOREX has also not yet happened…If we look at all the VERY GOOD news today we can see the writing is on the wall. We are getting very near to this event.

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MarkZ

[via PDK]

There are some interesting articles out of Iraq…One of the articles says they are outlawing militias. Parliament is working on the Popular mobilization law which folds the militias that fought against I**s into and under control of the Iraqi military. I was told this was a sticking point with the T******************n and also with the  Chinese elders to make sure Iraq was secure before they pull the trigger to change the rates.  I was told…This is one of the last security issues that was needed…Seems like everything we needed is finally coming into fruition.

We are getting all kinds of information…the question is what is really ’solid’… Banking sources are saying now to watch between now and Saturday.  Comment:  From another intel provider: …Well folks, I have received notifications that we are in a 36-48 hour window from 3 sources. Europe, China and our Treasury. I along with a few brokers and my bankers are attempting to confirm any one or all of these notifications. I have never had this many indications all in the same period of time, but one notification was for tomorrow night was the drop d**d timeline for this to go… From 11:48 last night.   MarkZ:  That fits with the bankers looking for Wed. night through Saturday…

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Frank26 (KTFA)

IMO all the groundwork…fundamentals, everything that is needed in order to bring forth the new exchange rate is here.  It’s established. It’s been established. The new exchange rate of the Iraqi dinar is being protected by the Gazette Article 12-2c.

The CBI and the IMF together they are not trying to maintain 1310.  That’s why it has gone down dramatically from the hight of 1490 to 1460 to 1429…to what Firefly’s Sammy says, ‘Don’t be surprised to see 1390.

Question:
‘Won’t the black market get away when they raise the rate.’

No! The black market will be annihilated. There won’t be a need for the black market. The black market is there because they’re trying to rip off the Iraqi citizens.  Once you have an established exchange rate, no.  1310 is not established.  It’s a program rate.

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MilitiaMan

Article quote:
‘…There would be an announcement of economic initiatives that would have a development impact on all countries…’

If you change the value of your currency and you start swapping currencies with others, I think it’s going to have an impact.  When they have the ability to adjust the value of their currency, they’re going to have all these countries that will be impacted, on the same page and at the same time.  I believe the summit set that stage because of their approval. 

What we’re waiting to see is in fact regional countries have an approval and does the central bank [of Iraq] have everybody’s blessing for what they’re going to do and does the international financial community support that.

Pimpy

Article:
‘Prime Minister’s Advisor: Baghdad summit took place regularly and Iraq regained its leading role’

This is an important place for Iraq.  They once were the lead over in the Middle East and it looks like they’re regaining their spot…There are big things coming for Iraq and Iraqi people all tied into the economy.  I’m looking forward to seeing Iraq grow…

Delete the zeros question: ‘If they increase the value compared to the dollar, say the exchange rate goes from 1 dinar worth $3.00 then my 25,000 dinar now 25 would exchange for $75.’

Once they delete the zeros, yes, your 25,000 now become 25 and if it’s an exchange rate of 3 to 1… 3 x 25, your 25 dinar would now be worth $75.  That’s correct.

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Fnu Lnu

There are no back screens, redemption centers, alternative rates being offered to special  people...Stay calm and all will be revealed… 

Article:
‘The National Investment Commission (NIC) has announced that over 130 fully approved investment opportunities will be presented at the Iraq Investment Forum…’

Events like this have become commonplace with the IBBC and NIC event scheduled for mid-June. These promoters bring the most prestigious corporations to the world. This Summer is going to be a hot one when it comes to International trade. It should be noted that these companies care not what the exchange rate for the Dinar might be. It is a simple calculation.

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Sandy Ingram

What we know: the development road project, manufacturing, oil and religious tourism revenue will increase Iraq’s annual revenues beyond expectations.  What we did not know is Iraq’s tourism industry has already generated over $12 billion in revenue a year.  The mainstream articles never revealed the actual income…  This is another sign Iraq is hiding its actual annual revenue…

Kaperoni

Nothing’s going to happen with the Dinars value until Iraq develops their own economy and begins to prosper. Only with the success and growth of their own financial system, economy will the dinar rise in value.

Source : dinarchronicles

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