Bruce (The Big Call)
[via WiserNow]
According to our connections with the lead bank, Wells, Fargo, we believe what we’re hearing is that notifications for us in tier 4B the Internet Group, are to come out between either Thursday, Friday or Saturday, which is the first of November…If it comes out Thursday or Friday or Saturday, the first of November, it’s most likely to come out where we would set our appointments and exchange in the first week of November…
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Mountain Goat…last week the CBI announced plans to remove zeros from dinar, as part of efforts to strengthen the national currency…two weeks ago, we also had articles on this subject matter…So, last week again the CBI confirmed to the citizens the project is underway and we will see more information about it soon. These types of recent articles are no longer just updates on the project to remove the zeros but informational and educational for the start of the process…that is what my CBI [contact] told me on my call to Iraq last Wednesday… So, we can expect more of these articles ongoing from now on educating us on this process that is underway…finally….
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
OMAR: Television news showing clips about the new lower notes, especially on the local Iraqi broadcasts. These are the real notes. They’ve been giving people a heads up on the design and new security features so that everyone knows what’s coming before the notes are fully out there.
FRANK: This is what we expected right about now as the month is coming to an end… Congratulations… you have finally landed on the shores of a new exchange rate with purchasing power for your currency…Every day is another piece of the puzzle. IMO sometime between now and the 11th of next month the CBI should show us the new exchange rate.
OMAR: Interviews they’re doing right now in Iraq reveal a mixed public reaction to the deletion of the zeros from the dinar with many citizens skeptical about whether it will lead to a real effective exchange rate or improve our daily lives.
FRANK: This is a 20 year wait. That is equivalent to a generation. This new generation in Iraq is fearful of the unknown but this education is what will allow them to realize, ‘Oh my goodness, I have just been given purchasing power that is worth at least an American dollar.’ …everything will work itself out with the citizens.We’ve noticed something. When the banks all of a sudden stopped saying to us, ‘It’s a scam.’ Which was about in the middle of last month, they started to say something else…And then I hear Alaq and Sudani say the same thing…That cannot be a coincidence. There’s a pattern – very very very soon has an origin of truth. Somewhere somehow somebody released the information that caused everybody to say it’s not a scam anymore. It’s not…They use three words in sequential for constantly. Those words are ‘Very, very, very’ soon in the coming period. Three times they say ‘very’ in every sentence from every source. That is a pattern that reveals a date to me…
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MarkZ
[via PDK]
An interesting article dropped in Iraq. ‘Al Karwi: Parliament continues after November 11 and upcoming sessions to resolve important laws’ they are letting us know that even with the e*******s, the parliament will continue to meet and pass laws. One of the laws they are concerned about and trying to get done is the HCL (Hydro Carbon Law)…I am still hearing the vote will be before November. Its great to know they are still meeting to grind out these laws.
Question: Mark, do you think today or tonight might be our big day.
MarkZ: It might be. I think it’s a high possibility. I have not heard anything definitive but there certainly is a lot coming together at the same time.Nader From The Mid EastOutside Iraq is not the same. Your 25,000 is going to stay 25,000 dinars. In Iraq it’s going to be something else. It’s going to be 25. They not going to make 45 million Iraqis rich over night. That’s not true…This is the good thing about changing the rate inside Iraq. It’s not about making money like United States…We don’t think profit. We think, traveling… buying things will be a lot cheaper for us. Living [cost] will go down…If I save 5,000 dinars and I come to America I have $15,000 to spend in two weeks just for vacation…It’s not about making us rich because our dinars is already rich. So if I take [dinar] and go outside two times a year on vacation, I’m rich already. That’s what people dream of it.
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MaxisNo new lower notes have been released but I did buy a new 50,000 dinar note today. I am in Baghdad and have access to the banks.
QUESTION:
‘What do your guys in Baghdad think is going on with all the lower notes being shown on TV. Are they expecting something.’
My locals say the smaller notes will not be introduced until there is a change in the value of their currency because the smaller notes would be worthless…They all get this information from the banks.
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Clare (KTFA)
Article:
‘First European country to open a direct air route with Iraq’
Quote:
‘Greek Foreign Minister Giorgos Gerapetritis announced on Thursday that Greek Airlines intends to operate direct flights between Athens and Baghdad starting next December, expressing his country’s readiness to strengthen cooperation with Iraq in the fields of economy, trade and education.’Fnu LnuWe will not get a LOP and will receive the same exchange rate as everyone else in the world. A redenomination only happens in country where the vast majority of IQD are held. The country doesn’t go bankrupt and we get rich. Strict currency controls will remain in force keeping the new denoms in the country until this foreign exchange is concluded. Electronic / Digital IQD will solve the problem of travelers leaving the country with new denoms as they will use an internationally adjusted crypto or stable coin as their currency. I hope this makes sense and quells your fears…I assure you, this is how it will work so fear not. Instead of taking bad advice, take this good advice. Figure out how you are going to restructure your finances if you have a million or more Dinar. A CRUT (Trust) is a fine way to maintain control yet be immune to capital gain taxes. Good Luck and let’s all get rich together!
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MilitiaMan
Iraq has immense proven reserves and is becoming self-sufficient in gas and diesel production…along with making headway with the non-flaring of [natural] gas…for exports…Iraq…highly likely to be a major player in global markets which begets investments in private sector non-oil revenue all of which supports a stable and sustainable exchange rate in the future. I would not be surprised to see them talk about having increased over $100 billion reserves…Source : dinarchronicles
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