Mountain Goat
Article:
‘IRAQI DINAR NEARS OFFICIAL RATE AS MARKET STABILIZES’
…they are telling us that the decline of the parallel market is not coincidental but a managed series of measures that were taken. They are saying finally, they have control over the dollar……why did the CBI have to stabilize the dollar parallel market to match the official CBI rate of the dinar in the first place. They need to do it because currently the dinar is solely pegged to the dollar and these two rates must at least match…If a currency is solely pegged to another currency it must be equal to the that currency. The IMF uses this tactic in many other situations to help stabilize a currency… the CBI has been working on [this]for the last 20 years…They have finally accomplished their goal and so now they are VERY CLOSE to being able to move on to the next stage…
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MarkZ
[via PDK]
Article:
‘State-owned bank announces the settlement of 87% of Iraq’s external debt file’
That external debt file was huge between the end of Saadam Hussein and the Kuwait invasion up through today. Settling 87% is a huge number or debt repaid. They are in a great position for their currency and country internationally.
Article:
‘Sudani denies the rumor of destruction of 62 trillion dinars- unfounded’
But it would be a great thing to do just before a reset. Maybe the cat got out of the bag and they are doing damage control. If I had just destroyed 62 trillion right before a reevaluation – I would probably say the same thing. That is just totally a guess…a gut feeling, but it makes sense. Why would you want to destroy currency. If you had to much in circulation…you would want to get rid of some of it before a revaluation. This is just a rumor…but with everything else going on – it is screaming RV to me. If this is happening…the RV is imminent.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The rate over 20 years ago was $3.22 and that was just off the price of oil. Now we have non-oil revenues and $16 trillion alone in rare minerals… tourism… agriculture… This is very promising.
FRANK: $3.22 was over 20 years ago…When you look at the exchange rate of the other Middle Eastern countries around you, it’s not too far-fetched that you could be somewhere around $3.80 to just a pinch over $4.00.
Question:
‘Do you still believe Sunday to a Monday or do you think it can happen any day.’
It can happen any day but my desire would be a Sunday into a Monday.The reason why is because Sunday is the first day of their week.What a perfect time to start it right. The next day we wake up, there it is bada-bing bada-boom. We may actually see it but not be able to do anything about it until the next day.
We got good people…like [Guru] Pimpy. Pimpy’s a nice man. Pimpy always says constructive things. Pimpy has got good sources. I don’t know any gurus that I would recommend except Pimpy…
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PimpyThat’s a huge increase … That’s why you see a country like Iraq buying more gold. More gold is to help protect their currency…Lots of central banks are…stacking up on gold.Until Iraq allows the currency to be a free floating currency, it’s never going to be on a Forex.Clare (KTFA)
Article:
‘Al-Sudani’s advisor denies rumor of 62 trillion dinars being destroyed: It is baseless.’
Quote:
‘The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed that the circulating rumors regarding the destruction of half of Iraq’s currency, amounting to approximately 62 trillion dinars, are baseless, describing them as illogical a*********s that lack the slightest degree of credibility and economic logic…He explained that approximately 88% of the monetary mass is held outside the banking system in the hands of individuals, not in any single institution.’
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Margarita
Article:
‘The Iraqi government denies that half of the currency supply was damaged by a rat.’
I hope the rat destroyed the currency. That would be great to get 62 trillion off the books.
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Fnu Lnu
Iraq has meetings scheduled with the WTO starting in August and will continue through the Summer and into the Fall. The RV, for now, is on the distant horizon.MilitiaMan
Article:
‘Iraq’s accession to the World Trade Organization’
I believe Iraq is in an advanced stage with regard to accession. Iraq has demonstrated great progress and clearly has intention to gain full accession into the WTO...This article is supporting there are efforts for full integration into the international financial system.
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Samson (KTFA)
Article:
‘Iran approves bill to remove four zeros from national currency and unify its name’Source : dinarchronicles
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