4-9-2014 *Mnt Goat ~There was lots happening yesterday and all week...The news could not be any better! Let me first say once again that the budget approval does not drive the RV but rather the budget is driven by the RV. The budget will not be announced as done until the RV is announced. All of a sudden one day they will spring the budget on us and it will coincide with the currency reform. Parliament must stall the budget since the CBI has not yet announced the revaluation of their currency and there are details of the new rate within the budget....the elections formally begin this week in some provinces. The other provinces will also vote between now and the 30th April...I can see how some might get confused and...keep saying the elections are not until the end of April...let me assure you now the elections have very little effect on the RV process. There is a move to disrupt the elections by Maliki and this should be of no surprise to anyone that he would do this to his own country...I whole heartedly believe Maliki will not be re-elected since there is an underground movement in Iraq to deal with him. The banks of Iraq are now distributing the lower denominations in almost all provinces. This is huge for us and the RV. This is part of the currency reform process and was not supposed to happen until the announcement of a new rate. They held up this event then because they needed to wait for other issues in dealing with the RV process to catch up. Now they are ready. The new coins are also set to be let out to the public. I would watch for this event. It is coming very shortly and will be an indicator to us of just how close we are to the formal announcement.
4-9-2014 *DC [via Adpet1] ~In the East, Iraq is moving forward, DFI funds have been released, and there are articles on that. The DFI are really important – those are the funds the US and others have been protecting from lawsuits and such. Those DFI were explicitly put in the rules, and an open part of the revaluation. Those were released Monday evening...In Iraq, on television, radio and newspaper, they have been saying “international monetary reform” is in process before the election. I'm not an excitable guy, but I’m excited now.
4-9-2014 *TNT Tony [via Adpet1] ~To let you know, all this morning and last night, over the weekend, we honestly never thought we’d make it this far. There are so many positive good things that we are hearing; we are so close. I feel better about this than I have in the last four years. It was on OUR news about the release of the DFI...The DFI announcement was not supposed to occur until AFTER the revaluation! Also, in the news there has been information about the global reset…Everybody is happy; nobody is fussing or fighting. Our time is coming and hope this is our week.
4-9-2014 *Nova [via anonymous] ~The CBI is doing everything it can to stabilize and add value to their currency. IMO, opinion the CBI is doing everything required to have an international currency. What impact do the elections have on this? IMO, the IMF controls the exchange rate on all member nations, and he feels the IMF is NOT waiting on any elections to release the new rate. The elections have nothing to do with the new rate, and the IMF will release it when the IMF is good and ready.
4-10-2014 *Millionday ~SWIFT code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. the news of Iraq developing or at least the (BIC) working on their codes came out a little while ago...they announced that they were working on it as they began the banking reform. [didnt Western Union set up shop last year?] they began with a meeting and showed up to get it rolling but -- they have been able to transfer limited and not from back and forth internationally etc -- not all services due to not having internationally recognized currency. the code of Iraq [is now] given and listed as operational. so this means that the western union service is done and ready in Iraq. Now this is something to be excited about.
4-10-2014 *Jester ~WE ARE SITTING HERE...HAVING INVESTED... THEY COULD MESS US AROUND AND LEAVE US OUT... DO NOT BE CONFUSED ON THAT ISSUE... BUT THEY WILL NOT...BECAUSE THE DINAR IS WORTH SOMETHING...SOMETHING IMPORTANT TO SOME... ENTER THE OIL CREDITS... AND A WAY TO CAPITALIZE ON SEVERAL FRONTS WITH THE CONVERSION OF DINAR TO OIL CREDITS...SOOOOO.... LOOK AT THE VALUE OF WHAT YOU HAVE IN YOUR SOCK DRAWER...VALUABLE IF IT CAN BE CONVERTED TO OIL CREDITS. WE HAVE THE DINAR IN THE USA...CHINA NEEDS OIL...HMMMMM...CHINA HAS A LOT OF OUR TREASURY BONDS... A LOT OF OUR DEBT... HMMMM...SOOOOOO...YOU THINK A DEAL MIGHT BE MADE...? CHINA GETS WHAT THEY LIKE... THE US GETS WHAT THEY LIKE... WE GET WHAT WE LIKE...THE SIMPLE RESULT IS THE US GET DEBT RELEASED... CHINA GETS SOME CHEAP OIL.. WE GET A BAZILLION BUCKS... AND IRAQ SMILES BECAUSE UNDER THIS SCENARIO THEY GET RID OF A BAZILLION DINAR FOR CHEAP BECAUSE THEY SUPPLY THE OIL FOR PENNIES.
4-10-2014 *Aggiedad77 ~Article: "Finance: let the CBI improve the status of the dinar against other currencies" The Finance Committee has announced that the IQD is stable...that the CBI needs to be allowed to manage the IQD with regards to stability against other currencies....the CBI is taking appropriate actions to put the IQD in front of other currencies.
4-10-2014 *Nova ~The Swift Codes Have Been In Place For A Few Years. But You Have Been Unable To Use The Codes With The IQD. It Does Look Like They Have Been Updated A Little, So This Might Speak To The IQD Going International Quite Soon.
Statistics: Posted by Vixen — Thu Apr 10, 2014 12:00 pm