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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, March 10, 2015

EXOGEN UPDATE & JCR3758 TWEETS, 10 MARCH

S3A


AS OF 7:44 PM EST MARCH 10, 2015
THERE IS NO 100% FULLY IMPLEMENTED, EXECUTED AND ACTIVATED HCL
THE TERMS & CONDITIONS OF THE HCL HAVE BEEN AGREED UPON BUT THE HCL IS NOT LIVE YET

******
JCR3758 TWEETS
Definitely we are moving forward. Actions being done prove that the CBI concurs that Iraq is ready. That's a great sign.

No one person has the magic button but seems like all are in agreement for the final release...the live rates!

Definitely we are moving forward. Actions being done prove that the CBI concurs that Iraq is ready. That's a great sign.

We are waiting for additional confirmation on the release but it is sensitive. Too much hype out there. We must stay grounded.

KTFA CC NOTES, 10 MARCH

KTFA CC Notes 10 March 2015
DESSERT IS SERVED KTFA STYLE …
"Lava Flow" ... compliments of Frank26 
"Cherry on the top" ... compilments of TopShelf
Hoorah gentlemen!!! 
Say the blessing and let's eat!!!
Bible Study: Matthew 6:19-24 
** The comments made by Frank26, TopShelf and others are their sole OPINIONS and cannot and should not be used as any form of financial advice. **
SECURITY is #1 right now while the GOICBI works on the monetary reform.
ISIS says “we surrender” – (sorry) … this evil must stop. We continue. Security must come in.
3 most important things in Iraq right now:
#1 - SECURITY
#2 – SECURITY
#3 – SECURITY
The CBI says they have 6 lines for the economy and the financial reality. Iraq banks … six ways to take care of their customers.
The CBIGOI … 12 Billion in Treasury Notes? by the end of March?  NOT AT 1166!!! That would be devastating!
See this? (Frank showed 16 pages … formal charges against Maliki). 
** Later these pages were posted on the forum by WalkingStick (Post #38) **
Please see YouTube video ... Post #307 (yesterday's thread) … LaWS … (Laser Weapon System) … “LaWS” and "laws" needed for security!
Maliki is in serious trouble. We first needed the LAWS so that we could go after him. Serious charges. M dug himself a hole. Is he playing tick-tack-toe … or hangman?
Soon we will see some action against Maliki. 
 Look for articles … Iraq flags to be hoisted in previous war-zone areas. 
(See JJonesMax post #339 on yesterday's thread) - regarding Iraq flag flying over Tikrit hospital. IRAQ IS BACK!!!
TOPSHELF: 
Protection, Security, Stability, Laws coming in place … front and center … doing exactly what it’s supposed to do!
FRANK:
We’ve established equilibrium in Iraq between our armed forces and theirs. We are working at the same pace.
TOPSHELF:
We’re so busy looking for something … when it’s in plain sight. 
FRANK:
The CBI is not using the USD … they are now working with the USD.
When you look at the exchange rate of the IQD … it needs to remove the zeros … and ironically the USD is on the move up.
The US dollar almost hit .99 today.
TOPSHELF:
It’s a “balance sheet.” BackDoc was so correct in his posts.
FRANK:
The USD dominated the BRICS. Amazing to see the power that the United States has.
TOPSHELF:
If you had USD … and you could get more bang for your buck … why wouldn’t you? Think outside of the box. They are using the USD because they can get a lot more with it.
FRANK:
Please see post #38 by WalkingStick … (the charges against Maliki)
This spells SECURITY for everyone who has an interest in the middle-east.
IMO - This will expedite the monetary reform. The bad guys wanted to steal the money. M and his buddies tried to do it.
TOPSHELF:
The confidence that is coming out … is multiplying!
FRANK:
The “Kodak moments” that we have against Maliki are incredible … but he didn’t listen.
This puts the Monetary Reform on the fast-track!
CC ended with prayer.

S3A CHAT UPDATE & RRRR POST, 10 MARCH

S3A :

  • MARKET ACTION so far this week is pointing at THURSDAY

  • I feel a real BIG party comin on. Real zooen.

  • *********
rrrr wrote
5m ago
IMHO... The HCL is already embedded in the budget.. As Tony and DC have said... They can't publish it till RV time as the amounts shown will "Let the RV cat out of the proverbial bag"

MILLIONDAY, ARTHUR & BREITLING UPDATES, 10 MARCH

3-10-15 Millionday: EVERY TIME THE OIL AND GAS LAW (hcl) HAS BEEN SENT TO PARLIAMENT IT HAS BEEN SENT BACK FOR A CHANGE TO BE MADE RIGHT AWAY --- UNTIL NOW---NO NEW STUDY HAS BEEN ANNOUNCED YET FOR THIS TIME. RIGHT NOW IT IS EXPECTED TO BE READ TWICE AND VOTED THROUGH DUE TO THE AGREEMENTS AND TIME SPENT THIS TIME...THIS IS GREAT NEWS...PROGRESS IT APPEARS THAT WE HAVE HOPED TO SEE.

[Is the bill in parliament now to be read and approved?]


 YES IT IS ACCORDING TO THE REPORTS I HAVE READ -- IT IS FINALLY THERE AND READY FOR THE STEPS TO LAW -- THE WAY I UNDERSTAND IS THAT THE FINANCIAL PART OF THE LAW IS DONE DUE TO THE BUDGET BEING DONE...THEY DO NOT EXPECT IT TO BE RETURNED AND THEY HAVE ANNOUNCED THAT THEY AGREE ON BOTH SIDES ON ALL ISSUES TO DO WITH HCL. 

3-10-15 Arthur: Although a lot of progress has been made on many fronts, we are still waiting on the same thing: GOI + HCL = RV... Based on what I am getting from Iraq the negotiations have heated up on another level due to an international team there to expedite this final piece to the monetary reform of Iraq.

Nothing and I repeat NOTHING moves substantially forward until this is officially completed and the GOI, CBI, and the PTB are aware of this and are working feverishly to get it done. Without going into too much detail, several minor mistakes were made by all concerned.

The Region and the Center for their respective expectations and the CBI and GOI for their policies set based on the anticipations thereof that, hindsight now being 20/20 would not have occurred, but the numbers are now being recrunched and the parliament will soon get the final version to sign into permanent law hopefully by the beginning of next week shortly after which the budget to be fully implemented and opened with the agreed upon monetary reality of the new Iraqi economy. 

3-10-15 
Breitling: Nobody knows why the CBI took the announcement down. (It's back up so it's official) They are retiring the 50 dinar note that's going to help reduce the note count and because nobody uses the 50 dinar note. As far as our investment is concerned it's…either they are going to float it from this rate on up [1166] or they are going to revalue it to a higher number and float up from THAT number.  How long will it take? Nobody knows. It's hard to figure out what pace they are going to do it…When they go through the process it's going to take 2 or 3 years…that's the only time from a the CBI has given

IRAQI DINAR 123 NEWS :50 Iraqi Dinars Removal Deadline Announced: CBI, 10 MARCH

Iraqi Dinar 123 News: – The Iraqi Central Bank has announced that they have made a plan to remove the 50 Iraqi dinar category banknotes from circulation, and they have announced its deadline. The Iraqi people should exchange their 50 Iraqi dinar banknotes with approved currency before 30th April 2015. Most of the foreign investors may not be aware about this important notice issued by the Iraqi Central Bank because it was published only in the Arabic language.
There are a number of foreign investors from all around the world, and a large number of investors belong to the United States. The investors should exchange their currency, who bought 50 Iraqi dinars banknotes. They can exchange their banned currency from the currency dealers or company from which they bought these notes. The Iraqi dinar investors should be alert for sudden policy changes by the CBI.

DINAR GURUS UPDATE, 10 MARCH

3-10-2015   Newshound Guru sczin11   I HAVE STATED MANY TIMES, THE QUESTIONS AROUND HOW WE WILL KNOW, WHEN THE INCREASE OF THE DINAR VALUE OCCURRED... YOU SEE, THE TRANSFORMATION TO AN OPEN MARKET GLOBAL, INTERNATIONAL ECONOMY, FOR THE BENEFIT OF ALL OF IRAQ, NOT JUST THE ELITE...THE NEW IRAQ, THE NEW GOVERNMENT, THE SOVEREIGN WEALTHY POWERFUL POWER OF THE MIDDLE EAST AND THE WORLD...REQUIRES A TRUE VALUE REALITY RATE! IT IS IN THE MOMENT, IN PROCESS, AND WILL SHOW WHEN THE FINAL PIECES ARE IN PLACE. ...IS THAT A FEW LAWS, IS THAT A UNIFIED GOVERNMENT, IS THAT THE START OF A MONTH, IS IT WHEN CBI IS OPEN OR CLOSED? WE DONT KNOW, NO ONE DOES...JUST KNOW, what WE ARE CERTAIN ABOUT...IRAQ IS OPEN FOR BUSINESS, AND  THE IRAQI DINAR, IS THE CURRENCY OF THE NEW IRAQ!!! 

3-10-2015   Newshound/Intel Guru BGG
    [so it looks like we are waiting on HCL?]  IMHO - no. We may be waiting - but not on that. Further, while I think it excellent news they are even talking about a comprehensive HCL - I doubt it is the "lynch-pin" for an RV.

3-10-2015   Newshound Guru Chattels  Article:  "Parliamentary Energy: There is no bill for oil and gas in the House of Representatives"   EVEN IF THE OIL AND GAS LEGISLATION / HYDROCARBON LAW IS " IN " PARLIAMENT THIS WEEK AND ASSUMING THAT THE "INTENSIVE DIALOGUE" IS SUCCESSFUL IN ATTAINING A CONSENSUS THEREON, THERE IS NOT ENOUGH TIME IN A WEEK, AND ESPECIALLY A FOUR DAY WORK WEEK AS THIS IS TUESDAY ALREADY, TO ACCOMPLISH TWO READINGS AND ALLOW FOR THE FOUR DAYS ADVANCE SCHEDULING FOR A VOTE.  

3-10-2015   Intel Guru Frank26
  [via FrostyTheSnowman]  Excitement was in the air for last Sunday...but no one was paid on Sunday.  They said they were going to start remittance. What happened? The HCL is in the budget...that’s why there was no remittance on Sunday.  We knew it was going to take a few weeks for them to show it to you.  The CBI knows that without auctions...inflation is growing in Iraq...and the only way to combat that is to RAISE THEIR CURRENCY!  GOI has never felt as if they wanted a low rate...but the CBI does.  Iraq is ready to show the world the VALUE of their currency! The rate MUST be worthy of what their country holds.  They want it to be a TRUE MARKET VALUE...based on their assets.   Pay attention to time from now thru 3/17/15...It is coming...just at their own time and speed.

3-10-2015   Intel Guru TerryK
    dong 1.57...ZIM SAME AND DINAR 3.90 IS OR ARE THE RATES I'M HEARING.  I'M HEARING TUE NIGHT TO THURSDAY NOT ANYTHING PAST THAT BUT THEN WE WILL HEAR SOMETHING ELSE IM SURE ... WAY IT'S BEEN GOING ALL THESE YEARS BUT MUCH FASTER THE PAST FEW MONTHS.   I KNOW WE ARE THERE.

3-10-2015   Intel/Newshound Guru Poppy3 
 WAS TOLD TODAY [MONDAY] FROM BAGDAD THAT AGREEMENT ON TWO OF THE AMENDMENTS TO THE HCL WAS REACHED AND THEY EXPECT IT WILL BE BACK AT PARLIAMENT IN THE NEXT COUPLE DAYS.  ...THERE ARE ZERO GUARANTEE THAT THEY WILL PASS IT THIS TIME LIKE THE LAST 6 TIMES THEY HAVE HAD IT.  ALL WE CAN BE SURE OF IS THEY ARE TRYING TO REACH SOLID AGREEMENTS. 

3-10-2015   Newshound Guru Aggiedad77   ...a couple of article(s)...speak to an auction that the CBI held today [Monday] ...this auction is nothing like the daily auctions they stopped on 2/20/15...they are not starting up again...this auction has been a periodic thing for them for a number of years, more like bond auctions...good for typically 91 days to maturity I believe...no need for excitement here.

3-10-2015   Newshound Guru Millionday   MARCH 8TH IS THE DATE OF THE BEGINNING OF THE REMITTANCE SYSTEM -- A REMITTANCE SYSTEM IS THE SYSTEM THAT ALLOWS A COUNTRY TO SEND AND RECEIVE FUNDS FROM ALL OTHER COUNTRIES -- THAT WOULD BE THROUGH INTERNATIONAL BANKS AND ALSO MONEY TRANSFER COMPANIES IN AND OUT OF THE COUNTRY-- ALL THROUGH WIRE.  [how can they do that without a real rate?]  THAT WOULD BE WHY EVERYONE IS VERY EXCITED -- THIS WOULD REQUIRE INTERNATIONAL COMPLIANCE -- AND THIS LEADS US ALL TO BELIEVE IT ALSO SHOULD LOGICALLY REQUIRE INTERNATIONALLY RECOGNIZED CURRENCY -- SO WE ARE HOPEFUL THAT IT DOES.  [did they begin the remittance...?]  THEY HAVE REPORTED THAT THEY HAVE BEGUN THE SYSTEM.   [I guess the rate has not changed?]  IT DOES NOT APPEAR THAT ANY RATES HAVE BEEN CHANGED AT THIS TIME.

3-10-2015   Newshound Guru Kaperoni
  Article quote:  "preparations for this process began, but will not end, and it will take some years to come long"..."the fact that the process will raise the exchange of currency and improve its value in the domestic and global market"    [It still looks like we are a way off the RV.]   there is no overnight RV.  the float or unpegging of the dinar to the dollar will allow the dinar to rise gradually over time as investment flows into Iraq.  As stated already by the CBI they expect this process to take at least 2 years or more to complete.  This is not an overnight event.

Iraqis must be patient on economy, prime minister says, 10 MARCH

Iraqis must be patient on economy, prime minister says


(Reuters) – Iraq’s prime minister called on Thursday for “patience” while the government implements economic reforms that include restructuring of many state-owned companies, saying the plan would deliver growth and development.
Haider al-Abadi, who took office in September after Islamic State militants seized control of large parts of north and west Iraq, is under pressure to improve economic and security conditions while navigating a polarized political landscape.
Iraq is struggling to attract foreign investment and diversify its revenue sources away from oil, the price of which plunged in the second half of last year.
“We call on citizens to be patient. Success and development are coming,” Abadi told an investment conference in Baghdad.
“If we stick to the reform plan, soon there will be economic breakthrough.”
Abadi said the government aimed to restructure some state-owned companies although he did not say which, when changes would happen, or whether it would entail privatization.
“We want these companies to be more efficient and contributive to the Iraqi economy,” he said, adding: “The government has no intention to get rid of the workers in these companies.”
Many state firms have barely functioned since the U.S.-led invasion to topple Saddam Hussein in 2003 and many related to the military have been shut down.
Iraq’s economy, which gets about 90 percent of its revenues from oil, was battered last year by plummeting global oil prices and the land grab by Islamic State which prompted big spending on the military and displaced populations.
Defence alone is expected to take up 20 percent of 2015 spending in a budget passed by parliament last month which includes a deficit of 25 trillion dinars ($22 billion) to be financed through borrowing.
The government also has to ensure more than 5 million state employees are paid.
Finance Minister Hoshiyar Zebari has said Iraq plans to use its Special Drawing Rights to raise financing from the International Monetary Fund.
A senior IMF official told Reuters the financial institution was open to providing additional funding to the war-torn nation.
“They certainly could (ask for more money). So far they haven’t … We had a program before with Iraq. It’s their call,” the official said.
When extending emergency loan programs to countries, the IMF has often pressed them to introduce economic reforms such as restructuring state finances.
(Reporting by Stephen Kalin and Saif Hameed in Baghdad and Anna Yukhananov in Washington; Editing by Catherine Evans)
Source: Reuters,

AGGIEDAD77, TERRYK & CHATTELS UPDATES, 10 MARCH

3-10-15 Aggiedad77: A couple of article(s)...speak to an auction that the CBI held today [Monday] ...this auction is nothing like the daily auctions they stopped on 2/20/15...they are not starting up again...this auction has been a periodic thing for them for a number of years, more like bond auctions...good for typically 91 days to maturity I believe...no need for excitement here. 
3-10-15 TerryK: Dong 1.57...ZIM SAME AND DINAR 3.90 IS OR ARE THE RATES I'M HEARING. I'M HEARING TUE NIGHT TO THURSDAY NOT ANYTHING PAST THAT BUT THEN WE WILL HEAR SOMETHING ELSE I'M SURE ... WAY IT'S BEEN GOING ALL THESE YEARS BUT MUCH FASTER THE PAST FEW MONTHS. I KNOW WE ARE THERE. 

3-10-15 Chattels: Article: "Parliamentary Energy: There is no bill for oil and gas in the House of Representatives" EVEN IF THE OIL AND GAS LEGISLATION / HYDROCARBON LAW IS " IN " PARLIAMENT THIS WEEK AND ASSUMING THAT THE "INTENSIVE DIALOGUE" IS SUCCESSFUL IN ATTAINING A CONSENSUS THEREON, THERE IS NOT ENOUGH TIME IN A WEEK, AND ESPECIALLY A FOUR DAY WORK WEEK AS THIS IS TUESDAY ALREADY, TO ACCOMPLISH TWO READINGS AND ALLOW FOR THE FOUR DAYS ADVANCE SCHEDULING FOR A VOTE.  

TNT & S3A CHATS UPDATES, 10 MARCH

TNT:

WILDDUCK :the US dollar is now basil III compliant and is not a fiat dollar anymore. hence the dollar is getting stronger against all currency. Like the Euro today

Dreamsdocometrue:  Wilddduck...i used to love your "Surfer Dude" analogy....you were quite entertaining....good to see you again.

WILDDICK: dreamsdo yup the intel was right for the times, the bad guys fought way harder then anticpated for a group that had already lost

ShuggahBabie : GM everyone! Does anyone know if the $500 million zim notes gonna be worth anything at all?

WILDDUCK :shugga relax yes, starts with 12 zeros take away six brings it down to 50 million then away you go.

gizmosmom : WILDDUCK so with your news of the US being basil 111 does that mean we are there? I BELEIVE ;) our ship is coming in..

WILDDUCK :  yes just before most peoples pier collapes

*********************************

KTFA:

Frank26:  NOT AT 1166 !!!!!!!!!!!!!!!!!!!!!!!!!!!!  (See Articles Below)

It would be Apocalyptic !!!!!!!!!!!!!!!

KTFA  Frank

**********

walkongstick :Launch treasury bonds worth $ 12 billion to pay dues of oil companies
TUESDAY, 10 MARCH / MARCH 2015 14:06

Twilight News Iraqi Oil Ministry / said on Tuesday it had agreed with the financial counterpart of the Central Bank of Iraq to launch treasury bonds worth $ 12 billion to pay accumulated dues of foreign oil companies in the country.

altThe ministry indicated in a statement reported for "Twilight News" that the agreement on the launch of Treasury bonds was during a joint meeting between the Ministry of Oil and Ministry of Finance and the Central Bank of Iraq.

She said the decision was taken to remedy the consequences of the decline in crude oil prices in the global market, which has led to the decline in financial revenue of the general budget of the Federal Iraq for the current year, which ultimately withdrew the lack of provisions for the Ministry of Oil.

The Oil Ministry said the launch of the bond comes to remedy the concerns of non-payment of dues reflection negatively on crude exports from the country's rate.

Iraq's exports amounted to 2.597 million barrels per day in February, up from 2.56 million bpd in the previous month.

The ministry said in a statement that the launch of treasury bonds, was based on Article 34 of the federal budget for the 2015 law, the first batch of which will be launched end of the month of March in March that the launching of other payments continue, respectively.

Showed that the release of these bonds in addition to the specific allocations already in the ministry's budget will provide sufficient funds are available to pay dues to foreign companies contracting both those amounts that have been carried over from last year in 2014, or planned spending in the current year 2015.

She pointed out that this measure reflects the gravity of the financial situation of Iraq and maintains reassuring for all companies operating in the country's investment environment in order to sustain the implementation of vital projects.

According to Oil Ministry figures, the 2015 budget is monitored to repay foreign oil companies hardly covers the accumulated dues of last year 2014 and up to $ 9 billion.

While the current year's budget allocated $ 4.5 billion to foreign oil companies for each chapter of the four-year.

http://www.shafaaq.com/sh2/index.php/news/economy-news/92593-----12------.html

***********

Oil is seeking to launch treasury bonds worth $ 12 billion to pay dues of oil companies

Tuesday 10 March 2015 14:49

Alsumaria News / Baghdad
Oil Ministry announced on Tuesday, on their quest to launch treasury bonds worth $ 12 billion to pay dues of oil companies, saying that the first batch of which will be launched end of March of this month. The ministry said in a statement received Alsumaria News a copy of the "decline in fiscal revenue the general budget of the federal 2015 was the result of lower oil prices are reflected in the budget of the Federal Ministry of Oil, which in turn led to a lack of financial allocations to cover the payment of financial dues to foreign companies and contractors working in the oil fields under service contracts. "

The ministry said it was "currently seeking to launch treasury bonds worth $ 12 billion to pay dues of oil companies after the agreement with the Ministry of Finance and the Central Bank of Iraq to address these consequences and its negative effects on crude oil production rates in these fields," asserting that "the launch of treasury bonds was based on Article (34) from the federal budget for the 2015 law. "


The ministry continued that "the launch of the bond in addition to the allocations set out originally in the Ministry's budget will provide sufficient funds are available to pay dues to foreign companies contracting both those amounts that have been carried over from last year in 2014, or planned spending In the year 2015, "explaining that" the first batch of which will be launched end of March this month that the launch of the other payments continue to turn. "

The ministry showed that "This measure reflects the gravity of the financial situation of Iraq and maintains all operating in the country companies for reassuring investment environment continuity in the implementation of vital projects. "

The display of Iraq 's oil fields during the first licensing round and the second developed by international companies to reach a production of at least six million barrels per day within the year 2017, and the issue of Iraq crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf as well as the Turkish port of Ceyhan on the Mediterranean, and by truck by truck to Jordan.  LINK

*****
Stage3Alpha:

Hale Ali'i March 10, 2015  Okay, it is obvious we are close to the end of this. We are still in a good place. Nothing happened to step back and get at all worried.

All this excitement and disinfo flying around proves this will happen soon.

We aren't out of funds or getting left out.

If we really knew everything that has happened behind the scenes (arrests etc) we would all be jumping for joy! Go out and enjoy the beautiful day. This is our time!

EXOGEN March 10, 2015 at 10:28am HAVE YOU SEEN THIS????

http://www.bloomberg.com/quote/dxy:cur

RodjiW> EXOGEN March 10, 2015 at 10:32am 98.2640!!!  WTH??? How'd they do that!  LOL  :))
....
***********

wilbur grodan March 10, 2015 at 12:02pm

MARKET ACTION so far this week is pointing at THURSDAY

**********

Don  March 10, 2015 at 10:42am

Currency Wars Continue As IMF Concedes End To Dollar Hegemony

Submitted by GoldCore on 03/10/2015 05:44 -0400

- Dollar has declined as reserve currency over past decade from 70% of global reserves to 61%

- Chinese yuan is growing in stature as international currency

- IMF deputy director calls for de-dollarization in emerging markets

- Many countries have begun de-dollarizing

- BRICS development bank – rivaling the IMF and World Bank – is now operational

Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled “Is the Dollar Losing its Clout Among EMs?”

http://www.zerohedge.com/news/2015-03-10/currency-wars-continue-imf-concedes-end-dollar-hegemony

POPPY3, MILLIONDAY. & WILDDUCK UPDATE, 10 MARCH

Poppy3  WAS TOLD TODAY [MONDAY] FROM BAGDAD THAT AGREEMENT ON TWO OF THE AMENDMENTS TO THE HCL WAS REACHED AND THEY EXPECT IT WILL BE BACK AT PARLIAMENT IN THE NEXT COUPLE DAYS.  ...

THERE ARE ZERO GUARANTEE THAT THEY WILL PASS IT THIS TIME LIKE THE LAST 6 TIMES THEY HAVE HAD IT. 

ALL WE CAN BE SURE OF IS THEY ARE TRYING TO REACH SOLID AGREEMENTS. 
**********

Repost:

Millionday   MARCH 8TH IS THE DATE OF THE BEGINNING OF THE REMITTANCE SYSTEM -- 

A REMITTANCE SYSTEM IS THE SYSTEM THAT ALLOWS A COUNTRY TO SEND AND RECEIVE FUNDS FROM ALL OTHER COUNTRIES -- THAT WOULD BE THROUGH INTERNATIONAL BANKS AND ALSO MONEY TRANSFER COMPANIES IN AND OUT OF THE COUNTRY -- ALL THROUGH WIRE. 

 [how can they do that without a real rate?]  

THAT WOULD BE WHY EVERYONE IS VERY EXCITED -- THIS WOULD REQUIRE INTERNATIONAL COMPLIANCE -- AND THIS LEADS US ALL TO BELIEVE IT ALSO SHOULD LOGICALLY REQUIRE INTERNATIONALLY RECOGNIZED CURRENCY -- SO WE ARE HOPEFUL THAT IT DOES. 

[did they begin the remittance...?]  

THEY HAVE REPORTED THAT THEY HAVE BEGUN THE SYSTEM.  

[I guess the rate has not changed?]  

IT DOES NOT APPEAR THAT ANY RATES HAVE BEEN
*****

ShuggahBabie wrote 
3m ago
GM everyone! Does anyone know if the $500 million zim notes gonna be worth anything at all?

WILDDUCK wrote 
1m ago
shugga relax yes, starts with 12 zeros take away six brings it down to 50 million then away you go.