Dinar Report

 Mountain Goat If all goes well with the swap out of the notes in Iraq, and inflation remains low in Iraq, we can expect the next stage of the plan to include the reinstatement back to FOREX sometime in January… There is just too much adding up that this may actually be our timeframe.   ______________________________________________________ Bruce (The Big Call) [via Sue] …This came in…from, I’m just going to say, a premier banker…he said that the notifications are extremely imminent…he said, Saturday, Sunday, Monday, Tuesday…Basically, they were saying tier 4B notifications are coming very fast.   ______________________________________________________ Frank26 (KTFA) Question: ‘When Iraqi citizens get their purchasing power…would the rest of the world who holds dinar also be able to exchange at the new rate.’ The moment the CBI releases it, boom, the world gets it.  It’ll go straight to Forex, every bank, every exchange center, everybody will receive it instantly. [Iraq boots-on-the-ground report] OMAR: The CBI issued a statement reaffirming its commitment to stabilizing the Iraqi dinar and managing it. FRANK: If you think 1310 is stabilizing it and managing it, I go some land to sell you, beachfront land in Arizona in the good old US of A.   ______________________________________________________ MarkZ [via PDK] Article: ‘Prime Minister Mohammed Shia Al-Sudani: On Tuesday a new mechanism concerning foreign currency was announced and will be implemented December 1st’ We are expecting some kind of announcement but want you all to stay grounded. Once they implement Iso20220 it will be huge for Iraqi banks and international businesses. And it could help support a more valuable currency.  MilitiaMan They keep repeating the same three words – Safe, Strong and Stable…Iraq is somewhat of a baby, but she’s just not crawling anymore. She’s starting to walk. Everything they’re doing is controlled…and I’m glad to see it because I want success.  I want you to be successful.  I want all of us to be successful…This Newsweek article is a green light. Quote: ‘Iraq is stable, growing and ready and the world should pay attention.’ Exactly.  100%…We all had patients.  Some for a couple years, some just happen to be here today.  Many of us have been here for 15, 20 years…I knew what I owned so I stuck with it.  I believe the country is going to be what it’s showing to be.  It’s filthy rich…$16 trillion worth of natural resources has my attention.  It’s unbelievable and that’s why I’m here. ______________________________________________________ Pimpy If you remember back, I tried to explain to people things we need to look for before the Iraqi dinar could increase in value.  I said they have to maintain a very low inflation rate.  Which they’re doing.  They have to find non-oil revenue, which they’re doing.  I said they had to have stability in the county, stability in politics.  Sudani has definitely made it real stable there in the country.  He’s managed to avoid a lot of conflict thank goodness, but in politics, it’s still a mess.​ ______________________________________________________ Sandy Ingram We don’t know what another leader [other than Sudani] would think or do to promote the progression of the adjustment of the Iraqi dinar currency.  In other words, we know Sudani.  We don’t know what a new leader would be all about.  It looks like we’re in the rocking chair again, the roller coaster – up, down, up, down…We’re going to have to see how this plays out.  Stay positive.  Stay calm. Samson (KTFA) Article: ‘A HIGHLY ANTICIPATED US VISIT AND SAVAYA’S APPEARANCE AT THE PENTAGON SEND STRONG MESSAGES ABOUT A ‘COMPLETELY DIFFERENT PHASE’ IN IRAQ’ ______________________________________________________ Blondie Depending on the value of your exchange in $USD, you may want to consider having your bank (if you go to a bank) place your funds in a BROKERAGE account instead of a bank account (you’d need to open it separately). Why.  Because brokerage accounts are insured by SIPC not FDIC.  FDIC (for bank money) only insures up to $250K ($500K for joint accounts) whereas SIPC (for investment accounts) insures MUCH (much!) more. Coverage for both comes along with the account. Talk to your advisor about the differences. Source : dinarchronicles

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