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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, May 23, 2015

MILLIONDAY CHAT, 23 MAY

Millionday: Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: WELCOME EVERYONE TO NEWSTIME

Millionday: Assyria bank, announced on Saturday that 13 private banks took the initiative to reduce the dollar exchange for citizens and companies the price of banking, as he emphasized that this step comes in support of monetary policy of the Central Bank and to ensure exchange rate stability.

The Managing Director of the Bank of Assyria Adnan Chalabi during a press conference held in Baghdad and attended (range Press), that "the 13 private banks took the initiative to reduce the cash rate for the dollar for citizens and companies banking price support monetary policy of the Central Bank and to ensure exchange rate stability."

Millionday: NOTE -- 13 PRIVATE BANKS ARE MOVING FORWARD WITH MONETARY POLICY CHANGES - LETS READ MORE -- WOW

Millionday: He said Chalabi, said that "banks will start tomorrow since the sale of the dollar price for 1193 dinars, and the price of 1192 dinars to the remittances," noting that "these banks are the Bank of Assyria, the Middle East, and across Iraq, the Islamic and national levels, and the Union, and the Gulf, and Dar es Salaam, the Muslim and the country, and the Iraqi Islamic, and United, and the Bank of Irbil, the trade and the region, and the Iraqi Credit Bank".

He pointed Chalabi, that "the announcement of the other banks that are expected to take such a step will be later," pointing out that "the initiative banks to reduce will follow their customers from banking companies to commit to this initiative and open windows to the public and selling prices specified".

Millionday: NOTE -- THIS IS TO MINIMIZE THE DIFFERENCE BETWEEN THE MARKET RATE AND THE EXCHANGE RATE -- THIS IS FOR THE REDUCING OF THE PARALLEL WE DISCUSSED

Millionday: The specialize in the banking sector attributed, in (April 9, 2015), the reason for the high dollar exchange in front of the dinar to the last Central Bank special procedures to deduct customs duties and taxes in advance, and called for a "freeze" the resolution, as expected continued decline in the value of the Iraqi dinar, stressed the need the abolition of Article 50 of the budget.

The Central Bank of Iraq announced, in (17 March 2015), the adoption of a new mechanism for the payment of taxes and control of "money laundering" through prepayment of taxes and customs for goods entering Iraq, returned to that will double the country's imports.

Millionday: NOTE -- THIS IS TO LEAD TOWARD THE MONETARY POLICY -- SO THE MECHANISM IS SO THEY CAN CONTROL THE CHANGES IN THE VALUE AND FREEZE IT --

Millionday: The International Monetary Fund predicted in (21 March 2015), the high proportion of the deficit in the budget for Iraq in 2015 to more than the proportion of 12% announced by the government, because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume the budget,

He suggested the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.

Millionday: NOTE -- THIS IS PART OF THE CONTROL THAT CBI NEEDS TO HAVE TO APPLY THE REFORMS -- MEANING THAT THE IMPACT NEEDS TO BE EXACTLY AS THEY HAVE PLANNED PER THE BUDGET AND REFORMS

Millionday: The current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in the daily auction ceiling does not exceed 75 million dinars, with the exercise of justice in the sale, and claim participant in the auction the bank to provide the introduction of goods and data documents settling accounts and tax savings

Alkmarki within 30 days from the date of the purchase amount, and so it applied the sanctions set forth in the Central Bank Act or regulations issued it, and use other banking instruments to maintain the strength of the dinar against the dollar.

Millionday: SO THEY ARE CHANGING SOME OF THE CENTRAL BANK ACT THAT WAS APPLIED WITH SANCTIONS SO THAT THE REFORM CAN BE APPLIED AND THE NEW LAWS (cbi act) IS SUCCESSFUL

Millionday: NOTE -- THIS IS ACTION THAT IS PREPARATION

larrykn: THIS IS TO LEAD TOWARD THE MONETARY POLICY -- SO THE MECHANISM IS SO THEY CAN CONTROL THE CHANGES IN THE VALUE AND FREEZE IT -- this doesn't sound like a float to me

Millionday: IT SOUNDS LIKE THEY CERTAINLY ARE WANTING COMPLETE CONTROL AT LEAST INITIALLY -- GOOD POINT

jtank: for inflation?

Millionday: ONE OF THE REASONS WOULD BE INFLATION IMO TOO MY FRIEND

Millionday: NOTE -- THIS IS SO HUGE WITH THE ANNOUNCEMENTS THAT WE HAVE HAD FROM THIS BANK RECENTLY -- THEY HAVE TOLD THE WORLD OF THEIR EXPECTED CHANGES AND ADDITIONS WITH MASTERCARD AND SO MUCH MORE -- LOOK AT THIS

Millionday: Rafidain Bank confirmed that its branches abroad began in a remarkable development has become a better parallel with the banks located in the region.

The general director of the bank on behalf of Kamal al-Hassani in a press statement that the branches of the bank in the Arab countries, specifically in Bahrain, Yemen, Jordan, Lebanon and Egypt services continuously lead to the Iraqi community and to the commercial and financial sector in that country.

He noted that the General Administration of the Bank worked to strengthen their financial positions in order to be parallel with their counterparts in the region.

Millionday: SO THE ANNOUNCEMENT WAS THAT > RAFIDAIN BANK CONFIRMED THE EVOLUTION OF ITS BRANCHES ABROAD -- THAT IS HUGE HUGE -- DUE TO THE MEANING BEING THE CONNECTION TO IRAQ AND ITS AN IRAQI BANK OF COURSE

Millionday: WHOOOPOW

Loop: Sounds like international banking reforms to me. WHOOOPOW

Millionday: I AGREE LOOP -- AND WITH THE WHOOPOW

B_Dee: So, will we be able to get a bank account with RAFIDAIN BANK?

Millionday: I HAD THE INTERNATIONAL SECTIONS PULLED UP AND WILL LOOK INTO AGAIN TO SEE WITH THESE CHANGES IF WE WILL BE ABLE TO -- GOOD QUESTION

Millionday: LET ME SAY THIS

Millionday: IT MAKES ME WONDER HOW IF THEY ARE EVOLVING THE RAFIDAIN BANK IN JORDAN ETC -- THEN WOULD WE BE ABLE TO EXCHANGE TO THEIR CURRENCY OR THE OTHERS AND THEN TO US DOLLAR? -- AND IF THAT WOULD BENEFIT US -- HOW CLOSE DOES THIS MEAN WE ARE?

Millionday: JUST SOMETHING TO GO --- HMMMM ABOUT

Millionday: I WANDER WHAT THE RULES ARE IN THOSE COUNTRIES ETC

Millionday: KNOW I WILL FIND OUT

jarhead: aren't we still waiting on reforms from the goi?

Millionday: WHICH REFORMS JARHEAD

jarhead: investment laws, national guard etc hcl

Millionday: THOSE ARE LAWS WE ARE OR I SHOULD SAY MAY BE WAITING ON --- BUT THE REFORMS THAT ARE COMING ARE SUPPOSED TO BE ALL AT THE SAME TIME

Millionday: THE MONETARY POLICY IS PART OF THE ECONOMIC REFORMS AND MANY OF THESE THINGS ARE ALSO BANKING REFORM AS WELL

Millionday: HERE WE GO   WHOOOPOW

Millionday: The parliamentary finance committee demanded, the central bank is implementing a project to delete the three zeroes from the currency, rather than issuing new editions of major categories.

Millionday: SMILE  WOW

BGG: DEMANDED!!

Millionday: LOVE IT AND THAT'S A WRAP LOL

Millionday: A member of the committee MP Abdul Qader Mohammed Omar told / JD /: "The central bank plans to issue new editions of major categories of 50 000 dinars and 100 dinars for, while the project to delete the three zeroes from the currency delayed its implementation until further notice."

He added: "The project to delete the zeros is the best of the issuance of new editions under the current circumstances", calling for the implementation of deleting three zeros to restructure the local currency and to reduce the money supply in the country,

Millionday: SO DEMANDING THE REVALUE?

Millionday: LOL

Millionday: HOW COULD WE BE SO BLESSED

Millionday: WHOOPOW

billionaire Millionday: This sounds like the finance committee is demanding the CBI to lift the zero's but the CBI is saying NO, we are going to release the large denoms.

billionaire Millionday: Do you think the large denoms are to serve an international purpose to gather all the 25k notes? Then the countries keep the large denoms for oil credits?

Millionday: Your national team revealed preparing promotion of the private local and industry sector strategy, on Saturday, about the government's intention to launch the strategy next week, and as he emphasized that the final touches completed and pending the allocation of money to her, pointed out that hundreds of thousands of beneficiaries forces pinning its hopes on that strategy.

A member of the national team to prepare the promotion of the private as the sector Jamil Antoine strategy in an interview to the (long-Presse), "The charge of the team from the prime minister to end the finishing touches on a special strategy to promote the private sector," noting that "the Prime Minister's Office promised that he will be the strategic launch through next week".

Millionday: NOTE -- THE BUDGETED FUNDS ARE READY FOR THE GOVT LAUNCH THE PRIVATE SECTOR AND INDUSTRY -----NEXT WEEK -- (BUDGET MONEY MOVING)

Millionday: Antoine and added that "it is linked to the executive approaching that by allocating the necessary funds for its implementation," adding that "the Prime Minister's office agreed to the proposal team that this team of experts contributing to the follow-up and monitoring of the process and comment this strategy and to ensure its implementation as planned and not be merely ink on paper."

He stressed Antoine, that "hundreds of thousands of beneficiaries of this plan in the agricultural, industrial and tourism sector workforce is pinning its hopes on a strategy to create a dynamic economy remade and put an end to the economic downturn," pointing out that "the proposed strategy is different from its predecessors that have remained trapped in the paper were not implemented on the ground ".

Millionday: NOTE -- THIS IS NOT JUST A BUNCH OF TALK AND INK -- NEXT WEEK UNLIKE THOSE BEFORE THEY SAY -- IT WILL BE LAUNCHED --- PRIVATE SECTOR -- THE HEART OF THE ECONOMY -- LOVE IT

Millionday: Antoine said that "the strategy laid the foundation for rules to enhance the contribution of the private sector and national industry by at least 10 percent of the gross domestic production," noting that "the new strategy proposed a number of measures, including legislation to protect the private industrial sector and activate the product and the consumer protection laws, and customs tariffs, and to prevent dumping, as well as activating the role of the Central Organization for Standardization and Quality Control."

Antoine and pointed out that it "also emphasized the tax and customs exemptions for the private industrial sector and granted soft loans, and the establishment of entanglement between public and projects that are meant restructuring the private sector, and with government and private banks, which owns large amounts of frozen".

Millionday: WOW

Millionday: It is noteworthy that the advisers in the Iraqi Council of Ministers announced (January 31, 2015) launched the national strategy to develop and nurture the private sector by mid-February next, while confirming that the strategy will include a diversification of income sources and create an attractive investment environment for Mschmran and the private sector, they have indicated that they will contribute to the State gradually move away from care projects directly.

Millionday: SO WHAT THIS IS ALL ABOUT IS THAT THEY PLAN TO LAUNCH NEXT WEEK AND THEY HAVE BEEN WORKING SINCE JAN TO GET THE GDP

Millionday: DIVERSIFIED AND THEY ARE READY NOW ACCORDING TO THEIR REPORTS ---

Millionday: TO BE ABLE TO REACH THE GOALS SET -- SO THIS IS FANTASTIC WITH ALL THE OTHER TIMELINES WE HAVE SEEN

Imperator: WOW!

Millionday: I AGREE

Millionday: THAT IS THE WHOLE MARKET -- WOW

monique13: So the ink looks like it is showing us the beginning of the revalue?

Millionday: THE INK IS SHOWING US THE LAUNCH OF THE INTERNATIONAL BANKS –

THE PREPARATION OF THE REDUCTION OF THE PARALLEL CURRENCY MARKET ---

THE LAUNCH OF THE INDUSTRY AND PRIVATE SECTOR --- TAXES /CUSTOMS/PRODUCT PROTECTION/AND MARKET EXPORTING --- AND THE MOVEMENT OF BUDGETED MONEY

Millionday: ACCORDING TO REPORTS -- ALL OF THIS IS PLANNED WITHIN THE NEXT WEEK –

SO WE HAVE TO WATCH TO SEE WHAT ACTUALLY HAPPENS BUT ACCORDING TO WHAT WE ARE READING THEY HAVE A TIMELINE FOR SO MANY LAUNCHES TO OCCUR NEXT WEEK ---

HOWEVER -- WE HAVE TO WATCH THE ACTION

poppy3: their PLAN IS MAY AND THEY SAID IT IN INK ? NOT SOME GURU AND ALL THIS WONDERFUL NEW NOW SAYING LAUNCH NEXT WEEK WOW WOW ,WOW POPPY3 THANKS M D

Pablo: If the are planning in launching this next week, will the have the laws voted in place by then?

Millionday: I WOULD ASSUME THEY EXPECT TO HAVE ALL PERTAINING LAWS IN PLACE FOR THIS ALL TO BE ACCOMPLISHED

jimplants: launch as in activate

Millionday: YES

jimplants: sweet

Millionday: I AGREE

Millionday: I HAVE EVERYTHING CROSSED -- WE HAVE INK -- NOW SHOW US INK THAT SAYS IT IS DONE

mrref1216: ALL OF THESE REFORMS (LAWS) HAVE TO BE POSTED IN THE GAZETTE BEFORE THEY BECOME ACTIVATED (LAW).

Millionday: THE NEW GAZETTE WAS ANNOUNCED FOR THE FIRST TIME IN MANY YEARS THE OTHER DAY ----

mrref1216: MD OK THANKS I NEED TO DO SOME MORE RESEARCH, I'M SLACKING ON THE JOB LOL

Millionday: THE MANY THINGS THEY HAVE VOTED IN AND THE MANY THAT THEY HAVE BEEN WORKING ON TO NOT BE SEEN AGAIN COULD EASILY WITHOUT US BEING INFORMED –

PRINTED IN MASS OR GOING TO BE PRINTED IN MASS --- THEY SAID NEXT WEEK NOT RIGHT NOW HUN --- SO WE SHALL SEE -- NEW TECHNOLOGY AND DATA ENTRY HAS CHANGED A LOT

Millionday: I AM EXCITED TO SEE WHAT HAPPENS

Millionday: WITHOUT A DOUBT

jwjd: you said the new gazette has been ANNOUNCED.. what is the difference between the new & the old?

Millionday: THEY STATED SOME DIFFERENCES IN HOW IT IS ARRANGED AND SOME OTHER THINGS AS WELL BUT NOT MUCH THAT I CAN SEE DUE TO IT BEING S SECRET ---I WILL DIG SOME MORE ABOUT IT AND SEE

Pablo: Will the finance committee's call to delete the zeroes push things forward?

Millionday: I DONT KNOW HOW FAR THE -- DEMAND -- WILL GO

Millionday: IT SEEMS THE LAWS REFLECT THE REFORMS THEY HAVE SPENT SO MUCH TIME ON –

IMAGINE THE LABOR EXPENSE ON THE REFORMS FOR IRAQ ND ALL THE UPDATES ELECTRONICALLY -- AND THE LIST GOES ON

mimi3: md thank you first off .......I just got home so I am a little behind ...... are you sayin this next week is our FINAL Countdown to be DONE with this once and for all!! make no mistake I mean rv! Not talking or asking in code

Millionday: I DONT KNOW HUN BUT WOULD READ TONIGHTS NEWS FOR SURE ---- THERE IS ALOT ABOUT INTERNATIONAL BANKING AND SO MUCH MORE ADVANCEMENT WITH IRAQ -- GREAT NEWS IN IT ALL

Millionday: KNOW ONE THING -- I AM SO EXCITED AND WE HAVE SEEN SO MUCH PROGRESS.

POPPY3 TIDBIT, 23 MAY

 Poppy3: I REPORTED TWO MONTHS AGO THAT HAS NOT CHANGED...INFORMATION FROM THE BEST SOURCE EVER...SAID [MEETING OF] ALL IMF, WORLD BANK, ABADI, JOBORI AND THE LEADERSHIP STAFF OF CBI INCLUDING DR SHABIBI TOOK PLACE...AND THEY COVERED THE LIST OF ALL ITEMS THAT NEED COMPLETING STEP BY STEP TO MEET ALL REQUIREMENTS.
THEY THEN DID SOMETHING THAT THEY NORMALLY...HAD NEVER DONE...THEY PLEDGED TO ONE ANOTHER TO EACH DO EVERYTHING THEY MUST DO TILL THEY COMPLETE THE LIST, THEY SHOOK AND THEN HUGGED ONE ANOTHER ON THE AGREEMENT. (THAT HAD NEVER BEEN DONE BEFORE).

THE VERY NEXT DAY ABADI ANNOUNCED THAT THE GOI AND CBI WILL WORK TOGETHER TILL ALL REQUIREMENTS ARE COMPLETED. THEY HAVE HAD MEETINGS EVERY DAY SINCE WITHOUT A DAY OFF.

THE SOURCE SAID...WHEN THEY FINISH WE WILL SEE THE NEW RATE REGARDLESS OF TIMING OF RAMADON, HOLY DAYS, END OF QUARTER, BEGINNING OF QUARTER, NEW YEARS ETC. I AM VERY ENCOURAGED AND EVEN GETTING EXCITED BECAUSE INDICATIONS ARE THEM SAYING THEY WANT TO FINISH IN MAY APPEARS VERY ATTAINABLE.

KTFA CHAT UPDATE, 23 MAY

KTFA:
Bluedog: Iraqi bank says its branches abroad has become a parallel with their counterparts in the region
Saturday
 23-05-2015

Twilight News / Rafidain Bank announced, on Saturday, for the branches abroad began in the "remarkable development" better and it has become a "parallel" with the banks and banks located in the region.
The general director of the bank on behalf of Kamal al-Hassani said in a statement responded to Twilight News, that the branches of the bank in the Arab countries, specifically in Bahrain, Yemen, JordanLebanon and Egypt services continuously lead to the Iraqi community and to the commercial and financial sector in that country.
....
He noted that the General Administration of the Bank worked to strengthen their financial positions in order to be parallel with their counterparts in the region.

http://www.faceiraq.com/inews.php?id=3840676

ARTICLE 8??? HMMM.......... AND.......... WOW    Bluedog

**********

Frank26:  Well ? ............... Are not these countries ARTICLE 8 ?

Yes.

What is Parallel ?

Equal .....Same ..... Mirror Image........ Synchronization.......... A cloned path of infinity.

The MR at this moment in our known time is vibrantly LOUD !!! !!! !!!
Amen ... Amen ... Amen.

Was going to cancel MONDAY'S CC due to holiday but IMO ......... Not a wise idea.

Why?

Because A talked all this week and now S is talking.

Aloha Saturday to You and Yours KTFA Family......

The place that You Dream of Really does exist Family ......... And You are headed there knowing it or not.

Be Strong.   KTFA   Frank

DONNAJEANE POST FROM TNT :ZIM question, 23 MAY

    • DonnaJeane said
      05:20 PM Apr 16, 2015
    Does anyone recall this information possibly?  In past phone calls there have been questions about the currency designations. 
    My question is:  When exchanging do we say we want to exchange our ZIM OR ZWD OR ZWL OR ZWN OR ZWR?
    Dinar or IQD or IQN? 
    Dong or VND or VNN? 
    • MyMoose said
      05:35 PM Apr 16, 2015
    Dinar is IQN, Dong is VNN and I believe ZIM is ZWR or ZWL. You will need to check ZIM.
    • crushr13 said
      03:47 PM Apr 17, 2015
    In doing my research online, and from remarks during calls made by Tony and DC, I firmly BELIEVE that the correct nomenclature would be ZWR, which would be the only one from which the 100 trillion notes were created that I could find online. I don't have the links with me now, but I was able to find then in searches on the history of the Zimbabwe currency. But I did a quick check at Wikipedia ( http://en.wikipedia.org/wiki/Zimbabwean_dollar ), and confirmed this info. I'm sure if you went to a few other sites online, that you will see further confirmation. As Tony and DC often say to all of us, be sure to do your due diligence, and find out what you can on your own, and confirm it from other knowledgeable sources. That is what I have tried to do here. Hope it helps you.
    But, since there have been many delays and diversions during all of this time, my best guess on how it actually will be when the RI/RV actually comes to pass remains to be seen, and I guess and hope will come out when Tony and DC actually do that last call. I do hope they specify on that call about it.
    • 55classic said
      07:48 PM Apr 17, 2015
    DC also said....he's simply gonna say, I would like to exchange my Zim. currency for USD
    • rayfaulk said
      07:49 PM Apr 17, 2015
    I remember what DC said and it makes sense... I have seen the acronyms being tossed around so I too will ask to "exchange my Zim... or Zimbabwe currency."
    • luvwulfs said
      08:36 PM Apr 17, 2015
    I believe the ZWR is the only currency with trillion dollar notes
    • K Boom said
      10:50 PM Apr 17, 2015
    I am not going to give them the currency symbols. I'm going to exchange my Zimbabwean currency, my Vietnamese currency and my Iraqi currency. Then we'll take the discussion to exchange rates on the screen from there.
    • jutta11 said
      02:02 AM Apr 18, 2015
    When we go to do a currency exchange now, do we worry about how we say it?  Are we fearful that if we say the wrong thing or use the wrong acronym that we will get suddenly whisked away and lose all our money?
    Relax.
    Go to the bank and make sure you say you are there to do a CURRENCY EXCHANGE.   Say the name of the currency and that you want to exchange it for dollars and ask them to help show you the exchange rates.  Say you are not sure what the currency symbol is.  Let them help you.  Ask to look at the computer screen.   If the exchange rates look right, proceed with the exchange, if it doesn't then say, "That is not the rate I expected..." and ask if perhaps THEY used the incorrect currency identifier.   Worst case scenario don't exchange that currency with that bank.  But that is not going to happen...  The banks WANT our business.  The are actually ON YOUR SIDE because they want access to that money.  
    Make sure you say CURRENCY EXCHANGE and after that, let the banks help you with the rest as long as the exchange rates are what you expect.
    • Wombat said
      02:27 AM Apr 18, 2015
    This was posted on the site awhile ago -not sure if it's correct but I kept a copy of it.
    ZWD = (1st currency) obsolete  replaced June 2006 with ZWN
    ZWN = (2nd currency) obsolete replaced July 2008 with ZWR
    ZWR = (3rd currency) obsolete replaced February 2009 with ZWL
    ZWL = (4th currency) abandoned April 2009
    So .... The 2008 series AA series is the ZWR
    • brendad said
      05:23 AM Apr 18, 2015
    Thank you.

JESTER, FRANK26 & MONEYTALKS1 TIDBITS, 23 MAY

5-23-15 JesterI THINK THAT THE AIIB WILL BE THE NEW FED... I BELIEVE THEY WILL SET THE CURRENCY RATES ... THE COUNTRIES WILL HAIL TO THEM INSTEAD OF THE FED ... AND I THINK THE COUNTRIES KNOW THAT ... I THINK THAT IS WHY THEY JOINED ... THEY KNOW WHAT IS TO HAPPEN.

5-23-15 
Frank26: The MR at this moment in our known time is vibrantly LOUD !!! !!! !!! Amen ... Amen ... Amen.

Was going to cancel MONDAY'S CC due to holiday but IMO ......... Not a wise idea. Why? Because A talked all this week and now S is talking.

The place that You Dream of Really does exist Family ......... And You are headed there knowing it or not. Be Strong. 

5-23-15 
Moneytalks1Awesome Saturday!!!! We are sooooo close. In the article it says, "it has become a "parallel" with the banks and banks located in the region."

In other word what this is saying, IMO, that the Iraqi banks (like Yemen,etc. in middle east region, is Article 8 compliant.: "It has become" means that it "is". From east to west as we wait a bit longer...granted could be any day.

I guess us Westerners investors get the desert last.

Reality is really happening before our eyes. Maybe this Monday will be the last time you speak of the IQD? Thanks. 

DINAR GURUS UPDATE, 23 MAY

5-23-2015   Newshound Guru Enorrste   ...the CBI NEVER intended to do an RV...we...know that the CBI would be foolish to even consider such an idea because it is financially impossible. The RV was never in the plan, ever.   It was never in the cards at all! Therefore, to conclude, both the float and the introduction of the larger notes have always been in the plan.  The introduction of the large notes will begin the process of bringing the street rate closer to the official rate (a good solution since the auctions are now off the table).  The introduction of the large notes is imminent.  It is also a part of the plan.  Therefore the continuation of the plan is imminent as well.  After the large notes are issued and the street rate begins to go back toward the official rate, AND, with the reduction in paper that the larger notes will effect, the completion of the plan, namely the change in the exchange rate regime, will be possible.  ...I am still cautiously optimistic that this could all get accomplished (start the float) before the end of the year, with the caveat that the security situation is a wild card.

5-23-2015   Intel/Newshound Guru Poppy3
  I DO STILL BELIEVE THEY WERE AND ARE SERIOUS ABOUT COMPLETING ALL REQUIREMENTS FOR FINANCIAL REFORM BEFORE THE END OF MAY.  

5-23-2015   Intel/Newshound Guru tman23 
  Dates... May 25th Parliament will vote and pass the Investment Law... Then the CBI has 15 days to "show me the money"... The new currency they are going to be releasing!

DINAR UPDATES, 23 MAY

Dinar Updates:

Q: [They are voting on the investment law on Monday is that right?]  

POPPY3   THATS WHAT I HEARD BUT ALSO HEARD THE INTERNATIONAL INVESTMENT LAW WOULD BE VOTED ON TOMORROW.  (Saturday)

TIME WILL TELL VERY SOON.  REGARDLESS THEY KNOW WHAT IS NEEDED AND THEY ARE COMPLETING EVERYTHING AS SOON AS THEY CAN. 

IT IS ALSO VERY OBVIOUS THEY NEED THE RV AND WANT IT AS BAD AS WE DO BECAUSE AT PRESENT LARGE INVESTORS ARE TALKING ABOUT BACKING OUT LIKE FORD MOTOR WHICH WAS TALKING BUILDING MANUFACTORING THERE WHICH WOULD MEAN BILLIONS IN INVESTMENT.

MANY OTHERS PENDING AND THEY KNOW WILL BACK OUT ALSO IF THEY DON'T GET THINGS COMPLETED.
....
Poppy3  I DO STILL BELIEVE THEY WERE AND ARE SERIOUS ABOUT COMPLETING ALL REQUIREMENTS FOR FINANCIAL REFORM BEFORE THE END OF MAY. 

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

wmawhite   I have never, never bought into the 50K and 100K hype and here is why. This is from another researcher...

Putting the 50K and 100K to pull in the smaller notes would be the same as HAVING A 500 OR ONE THOUSAND BILL REPLACE ALL THE 1, 5, 10, 20, 50 AND 100 DOLLAR NOTES HERE IN THE USA. THAT IS WHY THIS RUMOR SHOULD BE PUT TO REST. JMO.


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

tman23   Dates... May 25th Parliament will vote and pass the Investment Law... Then the CBI has 15 days to "show me the money"... The new currency they are going to be releasing!

TNT:WM story, 23 MAY

    • jrivera99999 said
      09:18 PM May 22, 2015
    A friend of mine showed his Dinar to a visiting Wealth Manager at his home. He mentioned that he thought it was a scam but that his brother who is also a Wealth Manager has bought
    a 100 Million Dinar about six months ago. He then said maybe someday it will revalue and gave my friend his business card.

Enorrste on the 50,000 notes, 23 MAY

Enorrste on the 50,000 notes: 


I did some calculations based upon the chart that has been presented in several threads showing the breakdown of the Iraqi currency.

This analysis is somewhat technical in that it has a lot of numbers, but it shows, in summary, that the stated goal of the CBI can be reached easily, on the one hand, and that it will not take more than the removal of ½ of the 25000 dinar notes, on the other.

It also shows, based on my analysis, that the CBI number of 4 billion pieces of paper in circulation is incorrect.

Based upon the chart shown in this thread I have come up with the following:
~~~
Picture
 The total money supply is about 41.5 trillion dinars. The chart is in terms of dinar VALUE.

61% of the value is in 25000 dinar notes

17% of the value is in 10000 dinar notes

17% of the value is in 5000 dinar notes

2% of the value is in 1000 dinar notes

1% of the value is in 500 dinar notes

1% of the value is in 250 dinar notes

1% of the value is in 50 dinar notes (or was)

The distribution in terms of paper, then, would be as follows, assuming that there are 4 billion pieces of paper in circulation:

2.44 billion 25000 dinar notes

680 million 10000 dinar notes

680 million 5000 dinar notes

80 million 1000 dinar notes

40 million 500 dinar notes

40 million 250 dinar notes

40 million 50 dinar notes

Total: 4 billion notes

However, when you go from the number of notes back to the value of the notes, the totals do not match up.

2.44 billion X 25000 = 61 trillion dinars

680 million X 10000 = 6.6 trillion dinars

680 million X 5000 = 3.3 trillion dinars

80 million X 1000 = 80 billion dinars

40 million X 500 dinars = 20 billion dinars

40 million X 250 dinars = 10 billion dinars

40 million X 50 dinars = 2 billion dinars

Total: 71.012 trillion dinars in VALUE (not equal to 41.5 trillion)

Something is therefore fishy with this chart.

However, if the relative percentages of notes is correct (they do add up to 41.5 trillion dinars on the chart, roughly the total money supply at this time), then we can obtain a rough number of NOTES relative to each other by going backwards.

We know from the CBI that the total money supply number is accurate. We must, then, assume that the total number of bills in circulation is not 4 billion, which would be worth 71 trillion dinars given the breakout above, but instead must be lower than that.

To calculate THAT number we must go back to the actual money supply of 41.5 trillion dinars and recalculate the number of bills in circulation based on THAT number instead of on 71 trillion dinars. Doing that we have the following:

1.426 billion 25000 dinar notes worth 35.65 trillion dinars

397.5 million 10000 dinar notes worth 3.975 trillion dinars

397.5 million 5000 dinar notes worth 1.9875 trillion dinars

235,720 of the 1000 dinar notes worth 235,720,000 dinars

233,800 of the 500 dinar notes worth 116,900,000 dinars

233,800 of the 250 dinar notes worth 58,450,000 dinars

233,800 of the 50 dinar notes worth 11,690,000 dinars

Totals: 2.222 billion notes worth 41.6 trillion dinars (there is a minor rounding error).

If this is correct, then there aren't as many notes in circulation as we thought. However, we can determine the relative percentages of notes from this easily:

64.2% is in 25000 notes

17.8% is in 10000 notes

17.8% is in 5000 notes

.2% is in all of the other notes combined

While this is all essentially just mental gymnastics I believe it shows that the solution that the CBI has come up with in replacing the 25000 notes with 50000 and 100000 dinar notes makes a lot of sense because it would reduce the paper considerably. Not all 25000 dinar notes would go away, obviously.

Let's suppose that ½ of them were converted and that of that portion the 50000 and 100000 notes were split evenly in terms of VALUE (or, in other words, half as many 100000 notes as there are 50000 notes). Then the paper in circulation would be something like this:

.089 billion 100000 notes worth 8.9 trillion dinars

.178 billion 50000 notes worth 8.9 trillion dinars

.713 billion 25000 notes worth 17.8 trillion dinars

397.5 million 10000 notes worth 3.8 trillion dinars

397.5 million 5000 notes worth 1.9 trillion dinars

About 900,000 of all smaller notes worth about 250 billion dinars

Total VALUE: 41.5 trillion dinars (the money supply)

Total Notes in Circulation: about 1.776 billion notes, or a reduction of about 20% of the overall currency. (This is consistent with the stated CBI goal of reducing the paper to 1.8 billion pieces, but starts at a much lower number of 2.2 billion pieces of paper).

If more 25000 dinar notes are converted to the larger notes then the percentage reduction would increase accordingly. I am being conservative because I know how important our $20 bill is in our own economy, so I doubt seriously if more than ½ of the 25000 dinar notes would be exchanged.

Given this analysis, it appears to me that the CBI is incorrect in the number of notes in circulation but that it will be easily able to meet its goal of 1.8 billion notes in circulation with the introduction of the larger 50k and 100k notes.

Only 20% of all of the notes in circulation currently, all of them 25000 dinar notes (1/2 of them), would need to be exchanged to meet the goal.

At the end of the process, which could be accomplished in less than 90 days, in my view, the Iraqi currency would mirror the American currency closely in terms of note VALUES, but be off by a factor of 1000 in terms of actual note numbers.

This would position Iraq well for moving to the float and the increase in the value of the dinar over the next period of time, whatever it takes. In other words, their 1000, 5000, 10000, 25000, 50000, and 10000 notes would mirror our $1, $5, $10, $20, $50, and $100 notes, although the VALUES would be a little less in each case initially.
The population of Iraq is about 35 million people, of which 38% are under the age of 14 years.

This means that the adult population is about 25.6 mllion people. If you assume that there are 2.2 billion pieces of money in circulation right now and dole that out to 25.6 million people, then the average adult Iraqi would have about 87 bills in his wallet at one time. A reduction of 20% would lower that to 60 bills in the wallet for the average Iraqi which is still a lot.

Of course there is only "one" average Iraqi (the median person) with everyone else either above or below him. Since the country is poor and skewed in terms of income it is likely, then, that the wealthy people, who may be only 20% of the economy, would be holding well over 100 bills in their wallets at any one time. This is the problem as presented by Saleh and others.

If instead there are 4 billion pieces of money out there (although I don't see how there could be unless the percentages are different), then my numbers here would nearly double and the wealthier Iraqi would be carrying up to 300 bills at a time.

Saleh stated that the issue was one of convenience and safety. The example in the article was that when buying a large ticket item a person might have to bring up to 3 bags of currency to make the purchase. Of course, introducing the 50k and 100k notes would only reduce that to 1 bag, still a cumbersome deal.

TNT CHAT UPDATE & EXCERPTS OF MILLIONDAY & POPPY3, 23 MAY

Millionday: SO THIS IS THE MOST IMPORTANT PART OF THE ENTIRE REPORT -- THE PART THAT IS LEFT OF

Millionday: THE NATIONAL RECONCILIATION PROJECT IS THE SUPPORT NEEDED FOR THE DI...

Millionday: AND THE AGREED UPON RETURN --/COMPLETION -- LOVE IT

CanTWaitwoRV: Yowzers! Do you find it kinda ironic that the national guard, amnesty, investment law etc are now up for a vote around this time frame?

CanTWaitwoRV: excellent news after all these years waiting for this...Great find MD!
Millionday: I HAVE ALWAYS THOUGHT THAT THE SAME TIME IS GOING TO BE THE BEST WAY TO APPLY THIS OR EVEN UNDERSTAND IT

Millionday: NOTE -- SO YES THE REQUEST WAS AN ANNUAL RECONCILITION DAte of MAY 21ST
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5-23-15 TNT:
K_Boom:  Relax- we WONT miss it…..Even if Plan A- the Quiet One- is chosen- this will go viral in Dinarland within seconds. WE ARE THERE!

DAZ:  NO MATTER WHAT HAPPENS...JUST REMAIN CALM...BREATHE...ITS HARD TO CONCENTRATE WHEN YOUR HAIR IS FIRE.

DEFINITION OF PLANS...A) YOU EXCHANGE, B) YOU EXCHANGE, C) YOU EXCHANGE...NOT NECESSARILY IN THAT ORDER

Elmerf123456:  As much information as we get when there is no RV stop and think for a minute Once it does happen this will be out all over the place so what is anyone worried about? No one will miss anything in Dinarland.

Text from across the pond: (my contact) "Grand Plan in Play". Now...let me tell you what I believe it's meaning to be. I am not predicting a date or a rate. I believe it refers to the NGL (National Guard Law) which in my opinion may be approved Sunday. It's a Foundation to all of this especially as it speaks to the heart of what Abadi is all about! Balance and UNIFICATION!
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POPPY3: [They are voting on the investment law on Monday is that right?] THAT’S WHAT I HEARD BUT ALSO HEARD THE INTERNATIONAL INVESTMENT LAW WOULD BE VOTED ON TOMORROW. TIME WILL TELL VERY SOON. REGARDLESS THEY KNOW WHAT IS NEEDED AND THEY ARE COMPLETING EVERYTHING AS SOON AS THEY CAN.
IT IS ALSO VERY OBVIOUS THEY NEED THE RV AND WANT IT AS BAD AS WE DO BECAUSE AT PRESENT LARGE INVESTORS ARE TALKING BACKING OUT LIKE FORD MOTOR WHICH WAS TALKING BUILDING MANUFACTORY THERE WHICH WOULD MEAN BILLIONS IN INVESTMENT. MANY OTHERS PENDING AND THEY KNOW WILL BACK OUT ALSO IF THEY DON'T GET THINGS COMPLETED. 

DINAR IRAQ & DONG VIETNAM UPDATE, 23 MAY

Dinar Iraq and Dong Vietnam :Apparently the article that came out two or three weeks ago about the 50,000 and 100,000 dinar notes…a lot of people are getting confused about that. This article should make you EXCITED and ready to celebrate…give you the confirmation that we are very, very close. No doubt about it.
Basically what the article is saying is the new currency that Iraq is going to come out…they will be able to trade/exchange it inside and outside of Iraq. That should make you very happy for so many reasons. …they are going to raise the value, Article 8, and lifting the 3 zeros. How are they going to do that (lifting the 3 zeros from the exchange rate?). The 25,000… 10,000… 5,000…1,000… they are basically going to stay for a long, long time – until they phase them out!
This article was very, very clear that the IMF, the World Bank, the US Treasury and the CBI GOI they are all now in agreement to raise the value by them lifting the 3 zeros. The CBI will announce a new exchange regime…announce that they are “Article 8” and they will announce a new rate and new denominations. The 50 and 100 dinar should come out together. The plan for the CBI is to get rid of USD’s which will enhance the value of the IQD which will give more CONFIDENCE…especially INTERNATIONALLY!
The exchange rate has to change no matter what to become international. The article said today by them coming up with a new currency they will be international. That’s Article 8 which must be a TRUE VALUE…around .85. …you don’t have to rush to exchange… they should have 2 or 3 different revaluations after the .85 cents. At some point they should get close to the value of Kuwait. So the good news is every investor outside of Iraq…they are all going to be rich.
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