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Sunday, November 22, 2015

DINAR IRAQ & DONG VIETNAM UPDATE, 22 NOV

as far back as 2012, the plan didn’t include the 50k, that’s a new change that came up in the recent past. I’ve got reports from the Ministry of Planning, a report to the Special Inspector General for Iraq Reconstruction, a report that’s submitted to Congress saying the note was going to be worth 50k, not a 50k itself. I realize that’s not the plan, now. ISIL and the price of oil have gummed up the works and apparently, the only way they can get something done is to have the IMF come in and set things right, move to Article VIII and get some value added to the dinar. …I just don’t believe it’s always been the plan.
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Article quote: “…Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars.” CBI IS RELEASING DENOMINATIONS THAT ARE LESS THAN 250 DINAR NOTE — ADD IN A 500 DINAR NOTE. THIS IS ALL PART OF THEIR NEW PLANS AND TO FILL THE MARKET NEEDS. THE COMPLETE MONETARY STRUCTURE INCLUDES THE DEVELOPMENT OF A HIGH VALUE FOR THE DINAR AND ALSO SMALL DENOMS AND INCLUSION OF A 50,000 DINAR AS DESIGNED. WHEN THE IRAQI SMALL DENOMINATIONS ARE RELEASED DUE TO A CHANGE IN PRICES AND THE RAISE TO A HIGH VALUE FOR THE DINAR — A RESULT OF THAT WILL BE THE RELEASE OF INTERNATIONAL VALUES/PRICES FOR THE DINAR…THEY DID NOT GIVE A DATE — HOWEVER ACCORDING TO WORLD BANK IT IS URGENT.
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FROM PREVIOUS SOURCES A COUPLE YEARS AGO…GLOBAL ECONOMY…TAKES APPROXIMATELY 5 MONTHS AT BEST AND THAT REQUIRES A RATE BEFORE THE 5 MONTHS PERIOD IS TO START…MEANING IF THE BACK DOOR DEADLINE SET BY THE IMF/WB IS JUNE 15, 2016 THEY GOT TO GET STARTED WITH A RATE WITHIN THE NEXT 5TO 6 WEEKS. TIME WILL TELL. I MIGHT ADD THEY ALSO HAVE TO REACH THAT SAME DEADLINE TO GET THE MONEY RELEASED FOR THE BILLION DOLLAR LOANS THEY GOT APPROVED FOR. I AM EXCITED.

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