Dinar Report

Bruce (The Big Call) [via WiserNow] What we heard…from a different source, what we’re getting from the…redemption center leaders that are over…eight redemption centers. He said that we could be notified…over the weekend…and maybe start Monday or Tuesday with exchanges…it’s all good, and we’re there, really where we need to Be.  ______________________________________________________ MarkZ [via PDK] I have 2 bond contacts that I know personally and another that say they have been issued ‘traveling dollars’. They were told weeks ago to be prepared to travel as soon as they received those funds. They had been waiting for those funds and just received them…so for me…this is a good sign… One of those sources started traveling today to get to their exchange location… [MarkZ was told that once the Bonds are paid, we would be next] ______________________________________________________ Frank26 (KTFA) Article quote: ‘the recent decline in the spread between the official and the parallel market exchange rates.’ We want to close that gap and here they come out and tell the Iraqi citizens, ‘relax…it’s working.  We’re getting the gap closed.’  What happens when they get it one to one.  It’s in position to float.  I’m interested to see what happens on July 1st with the digitalization process.  I still can’t figure out how they’re going to put 1310 in the digital display. Question: ‘Will there be a time limit to exchange. Will the CBI allow us to see $4.81.’ I believe there will be a time frame but it’ll be way down the road and yeah, $4.81 is where they want to cap it.  You’ll see it because it’s going to be happening at that time.  You’ll see it as it floats…  ______________________________________________________ Walkingstick (KTFA) [Iraqi Bank friend Aki update] AKI: Three meetings. The last meeting lasted two hours.  My boss tells me, ‘I need you back at the bank [In Dearborn Michigan] this Monday because we are waiting on the new exchange rate.‘  I have to go back because we’re waiting for the new rate. WALKINGSTICK: That’s the only thing they’re waiting for. They already got all the banking software in place, ATM machines, the bank structures, all the bank regulations are set… MilitiaMan Iraq is ready to make a big move into the international financial system…Big business doesn’t come into Iraq if there’s risk especially if you’re going to spend billions of dollars.  You’re not going to go into a country that’s got significant problems…You can see this isn’t the past…It’s secure and stable… One of the things that is a component of a reinstatement revaluation is low inflation.  It’s a sign for the IMF, World Bank, everybody that they maintain stable inflation and reduce it consistently is a very good sign that they’re ready for an adjustment.  It doesn’t mean they will do it, it just means they have a key component. ______________________________________________________ Wolverine [via Judy Byington] Guys we are ready. Ready to go. Keep your eyes on the 4th July or earlier. …It’s finally happening… ______________________________________________________ Sandy Ingram For Iraq, achieving Article VIII status would require deep reforms including closing the gap between the official and parallel exchange rates, cleaning up its banking sector, digitizing transactions, enforcing anti-money laundering and counter-t*******t financing standards and ending informal restrictions on capital movement.  Once benchmarks are met and sustained Iraq can formally request the IMF executive board to approve its transition from Article XIV…to Article VIII signaling full integration into the global financial system.  This step would boost investor confidence, attract foreign capital and support long-term economic growth.   TNT Tony [via Judy Byington] It was announced on Iraqi TV that their purchasing power would increase. They have been told that the RV will happen…Sat. 28 June. Tony thinks they may be waiting for the 5:00 Pacific time close of Forex. He hopes they aren’t waiting for 5:00 Hawaii time. It could happen overnight…Nothing remains to be done. The bank screens were blank this morning, then flickering later in the day. They (banks) thought that was a good sign. ______________________________________________________ Fnu Lnu Banking in Iraq is not stable now but they are diligently working on the solution. ______________________________________________________ Pimpy I have 5 million Iraqi dinar. You think I want them to delete the zeros.  No I don’t.  I want them to leave the zeros on there and give it a huge exchange rate.  I’d be happy if they went dollar for dollar.  I’d be happy if they did it at $0.25.  I really would.  I’d still make out like a champ. Source : dinarchronicles

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