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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, November 14, 2015

KTFA CHAT WITH DELTA, 14 NOV

KTFA:

DELTA:  HELLO FAMILY:  I'M GLAD THE FORUM IS BACK ... I WILL JOIN FRANKIE IN THE NEXT CC TO EXPLAIN TO YOU IN MORE DETAILS ABOUT THE 50 K.

Rivdw:  IMO  Dr Shabibi is doing this RV for the Iraqi citizens not us. The CBI has told the banks to stop using USDs and issued a 50 000 dinar note. IMO the Iraqi citizens have pockets full of USDs and Dr Shabibi wants them to have pockets full of Dinars when he pulls the trigger. What good would a pocket full of USDs be when they RV, Shabs wants the citizens to benefit from all his hard work.
SMorris wrote:Just curious, when the new 50k notes are used for normal daily expenses, how are the persons using it to receive "change"? Do they receive lower denominations (5k, 10K, 25k, etc). If this is the result, it seems to be redundant by releasing the same currency, just brought into the bank, back onto the streets. Maybe I am am overthinking this. Just a question. Thanks

ggy » November 14th, 2015, SMorris   IMO...i think thats when the LD's will start to come into play...they will continue to give change just like now until all the big bills are pulled in then introduce the LD's...maybe

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Zerb:  XE APP

1USD = 1116 IQD   1IQD = .ooo9    Notice the zeros are shrinking LOL

Cshessman:  I agree Zerb! The money supply is shrinking due to the "TOOLS" that Shabibi is deploying with the 50K notes and the 100K notes. Something struck me this morning about the USD's history. Funny how quickly we often forget the past...study what the links below and maybe things will click for some...but let's think back, shall we... Let's recall that the US once had very large denominations and they too were not used for long nor truly for the citizens at large but more as tool for the banks at their respective times of need for them.

Check out these 3 sites regarding the history of the USD.

https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency

http://mentalfloss.com/article/23692/100000-bill-story-behind-large-denomination-currency

http://www.damncoolpictures.com/2010/09/biggest-dollar-bills-in-history-500-to.html

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Aggiedad77:  Good Morning Family,We wake up to some great articles provided to us by WalkingStick....thank you sir....for this and for your service....I didn't get to say that to you and our other Vets on Veterans Day because of our state of flux at the time.

So what do we find in this particular gem..(See article below) .many nuggets....many nuggets of gold. If you have been a student of the CC's this week I believe you will see they are speaking of things that were talked about 3 and 4 days ago....yes they catch up.....they always seem to catch up....even in the title..."Precautionary Measures".....this is very close to how Frank has described this 50k introduction this week.

We spoke this week at least once, maybe more.....to the idea that this 50k may not be used on the streets....and we see them talking here that it will "fit with volumes of bank trading and large commercial transactions...meaning that the main objective of which is not intended for trading daily generally few."....bank volumes and large commercial transactions....far far above the level of the typical Iraqi citizen.....sweep in the 10k's that still exist, sweep in the 5k's, the 25k's......

But let me ask you....how on earth would you pay a taxi driver with a 50k note....it won't work will it.....logical thought.....BUT....as Frank explained to you....IOO....this 50k should be short-lived...serve its purpose and die a slow death....WHY....the LOWER DENOMS are about to be introduced......at 1166....no....they too would be meaningless at that level.....but thanks to what this 50k will do for the Iraqi citizens....they lives are about to be enhanced....praise to this "tool"....remember Frank using that term.

Now we are seeing Iraqi economic "experts" being all over the map...this will hurt the dinar....this will improve the dinar......yes the media is becoming friendly....but there are still those out there that would prefer to be hurtful and confusing to the people....watch what you read....exercise caution in running with a sliver of supposed information.....for it may simple evaporate in your hand.

What is likely to happen.....IOO.....is the LD's need to be brought forward....why else would they have risked moving them from the US to Baghdad....to the CBI......not to bring them out.....what purpose would that serve......but to bring them out....they need value....something far greater than 1166 as a value.....have patience.....be strong today and stronger tomorrow.....the BEST is yet to come.

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Walkingstick: Experts: the new currency category 50 000 is a precautionary measure to raise the value of the dinar

11/14/2015
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BAGHDAD / JD / .. A number of experts and specialists in the financial and economic affairs, asylum central bank to issue a new currency category 50 000 dinars as a precautionary measure to raise the value of the dinar in transactions and re-Hikh national currency, stressing that it will facilitate the calculation operations in banks, while ruled that have a direct impact on the trading of the Iraqi economy in general operations.

He says economist Maitham coffee, "I do not expect any negative effects when it is the category of 50 000 dinars in circulation, and it falls within the alignment between the existing categories and volume of transactions, as the largest current category 25 000 dinars, which is equivalent to up to $ 20, a category that is small compared to the size of large transactions in the Iraqi economy.

"He added Laibi Agency / JD /:" The country needs a large class, such as the 50 000 dinars to fit with the volume of bank trading and large commercial transactions , meaning that the main objective of which is not intended for trading daily generally few.

"He explained that the revelation of this category compared to the disappearance of the 50 dinars category, gives us an indication that there is a tendency towards high volume of transactions, although there inflation in transactions and prices .. but this is the result of a long stage precedent, and do not necessarily it will be a reason to rise later prices mean.

"He noted that the" decision-old was taken over a year ago, accompanied with decision 10 thousand category, which carried out before him, "stressing that the category of 50 000 dinars, will facilitate the calculation operations in banks and adult dealers and money changers.

"For his part, ruled out the economic expert on behalf of Jamil Anton, affected by the decision of currency issuing the category of 50 000 dinars on the Iraqi economy and the national currency, in what was seen then as a procedure to restructure the national currency.

said Anton told / JD /, that" the decision Central Bank of the judge to issue currency category 50 000 dinars is a restructuring of the national currency, because the highest Iraqi faction now 25 000 dinars, equivalent to $ 20, while he was in the previous highest category of 25 dinars.

"He added that" This measure will facilitate the process of accounts and trading currencies in the local market, as well as to its trustees in banks both in terms of repayments and payments, in addition to that it is a precautionary measure to raise the value of the dinar in the event of exposure to any shocks. "

As an expert on financial affairs Raed al-Hindawi, has warned of the issuance of class 50 000 dinars, confirming that this measure will reduce the value of the dinar and cause him damage in the future.

He said al-Hindawi told / JD / "This measure will lead to the withdrawal of a small currency market currency and become the category of 1,000 dinars are the lowest in the market instead of 250 dinars, and this will reduce the value of the Iraqi dinar "but he also said perhaps the move came as a prelude to the implementation of the project to delete the zeros of the three of currency on account of the project will make the category of 1,000 dinars is one dinar and therefore will be the currency at least in the trading

and added that this decision will also lead to higher prices inflation also in the market, well that cause problems with the owners of the shops that sell materials retail as well as for the owners of taxis and buses, because the citizen when paying 50 000 dinars will make the driver or the owner shops at a loss on how to recover the remaining funds.

"The central bank, announced earlier, for issuing a new banknote category fifty thousand Dinars, attributing it to complete the Iraqi Securities monetary structure and the development of high-value category in circulation, as he emphasized that it contains "structures against counterfeiting attempts Balastantsak" ./ ended / 8 
http://www.dananernews.com/News_Details.php?ID=6325

cleitus I recall Frank saying that when the 50k's are introduced one of the tools that banks will use is electronic banking. A credit to ones account and then the people will use a DEBIT card to purchase goods. Makes perfect sense.

CSHessman:  yes indeed. More and more the Iraqi economy will echo that of the modern world and likely even lead the charge in today's and the future of electronic transactions.

Much of Iraq still likes the feel of their cash currency but they are quickly being turned on to today's digital trends. IMO, the younger generations will quickly embrace the use of the debit cards as those also in the Iraqi gov't, who will basically have no choice but to use the digital monetization tools (electronic debit/credit cards) for their monthly salaries will see all that they can do on a daily basis with their digitally monetized currency.

Especially as the internet becomes ever more prevalent for the average Iraqi citizen now and into the future. When they see the benefits of not being robbed of their cash being held at gun or knife point or beat senselessly for their cash on hand, but instead have a debit card that's harder to take advantage of, they will come over to the digital side.

When the poorer citizens are given their gov't subsidies via an electronic card for food and medicine and identification purposes it will be embraced quickly among the people i believe.

Iraqis will quickly step into the future when they can see and feel they have a hope and a bright future ahead because of the wealth and history of their country and are no long war torn or under sanctions.

As i was saying the 50k and 100k are likely temporary tools that Shabibi is using to slowly yet quickly raise the value of the Dinar as he reduces the money supply by collecting all the more 000 notes, the value of the currency goes up.

When Shabibi reaches his desired goals of the MR he will likely start introducing the lower denoms and a new exchange rate in the nearest future. We pray, watch, wait and see...as usual.

MARTHA UPDATE : 11/15 may be our start, 14 NOV

Martha:   11/15 may be our start.

Do you remember that Tony mentioned that those in Iraq had mentioned the 15th.

Now I find an article from Iraq Business that gives a cut off/sign up date for 11/15.

Bruce mentions the UN operational rate sheet.

Pay day is usually first and 15th of a month.

Add the fact of private group being paid on 11/15 and Zap saying on Wednesday ….next week.

Yesterday the IMF introduced the Yuan to the basket before 11/30. An article dated 11/4 stated in the next few weeks BY the 30th.

We already knew the basket was moving since by intel we heard the Remnibi was being traded as it comes east to west.

11/15 is a business day East to west . Iraq's banks and stock markets will be  open.
Tonight I beleive the forex goes down till 5 pm on Sunday.

Let’s see how this plays out.

All I will say about Paris is that it will not stop the RV but it is a sad distraction.

Deleting the Zeros is Essential to Encourage Funds Flow Inside, 14 NOV

Iraqi Dinar 123 News:– A large number of experts and economists said that the project of elimination of three zeros doesn’t have negative economic effects in the value of cash currency but it would be a strategy for rearrangement in the currency. It would provide an ease for the Iraqi financial institutions and banking sector. The Faculty of Economics and Management, at the University of Kufa Dr. Abdul Hussein Jalil Ghalibi said that enforcement can feel for the long-term. It would motivate the capital flow of the investors in the directions of expected low increase in prices. It would be suitable but it depends on the capability of the government in order to execute the project of elimination of three zeros.
He further added that this kind of change in the currency and elimination of three zeros is considered as an adjustment, but it doesn’t mean that it would lift up the value of currency. The elimination of three zeros from Iraqi dinar currency will not boost up or degrade the currency value. It would not reflect any kind of positive or negative impact on the existing economic condition because this change would not increase the production in the domestic gross products. Ghalibi further added that changing the currency by deletion of three zeros would not reflect any kind of impact on productivity because the major and most important factors are technology, resources and financial institutions, and changing in the currency would not reflect any impact on them. This process would not reflect any impact on the monetary policy of the Iraqi Central Bank.

DINAR GURUS UPDATE, 14 NOV

11-14-2015   Newshound Guru Millionday   THIS IS OUR PARLIAMENT UPDATE -- REMEMBER THIS SESSION IS EXTENDED FOR ONE MONTH -- THEY ARE WORKING.  THE AGRICULTURE LAND LAW IS VOTED THROUGH -- AMNESTY IS READ TWICE AND READY FOR VOTE.  IRAQ VOTED THE DRAft ACCESSION OF INTERNATIONAL RAILWAYS PER AGREEMENT...THIS IS HUGE FOR DIVERSIFYING WITHIN TRADE AND THEIR GDP % FROM OIL DEPENDING.  THEY ARE VERY HAPPY WITH THE RESULTS SHOWING ON TERRORISM WAR - AS THEY SHOULD - THEY APPROVED 2016 BUDGET AMOUNT FOR REPRESENTATIVE PAY AND ALLOCATIONS.   PARLIAMENT IS GETTING THE AGENDA DONE AS THEY HAVE PLANNED -- THIS IS HUGE.  

11-14-2015    Intel/Newshound Guru Mnt Goat
   Article quote:  “Haider said in a press statement child "Iraq law" that the purpose of the issuance of this category of the "50" thousand Iraqi dinars IS TO REMOVE THREE ZEROS FROM THE IRAQI CURRENCY IN THE DISTANT FUTURE, to facilitate internationalized currency among citizens”.  Did someone say to facilitate internationalized currency (or in other words make the currency “international”)? WOW?  ... we are just waiting for them to completed the RV process so they can trigger it. In the meantime they have given themselves enough of a timeline to try to complete the needed laws to support the reforms. These reforms will ensure Iraq can maintain and build a healthy economy afterwards.  They are definitely setting themselves up for a near future global currency and a significant increase in the value of their currency. No doubt about it! This is the time!  [post 2 of 2]

11-14-2015    Intel/Newshound Guru Mnt Goat   I am now hearing they plan to start up the “project to delete the zeros” once again next month (December) and also launch the new 50K notes at this time. Launch the 100k notes in early 2016.  Remember they can’t launch these new notes without some significant increase in the value of the Iraqi dinar. Also the lower denomination bills and coins must also be launched at or about the same time period since the 50k and 100k notes are to be part of the long term, permanent currency for Iraq along with the new lower denominations and coins.  Keep a close eye out especially for news of the launching of the coins. Why?  Because if they launch the coins they MUST RV FIRST...they unsuccessfully launched coins in the past without an RV and it was a huge blunder. This mistake cost them billions.

MILLIONDAY TIDBITS, 14 NOV

MIllionday  Reposted:   THEY ARE PLANNING A COMPLETE ECONOMIC REFORM. 
THE ANNOUNCEMENT BY ABADI TODAY nWAS THE ACTIVATION OF THE ECONOMIC REFORM NOW --- IMO. 

MONETARY POLICY IS ON FAST TRACK...GLOBAL POSSITION.

Q:  [so if the IQD comes to a new value of $3 then that new 50K note will be not usable to the average Iraqi at over $150,000.00 US. Only use would be between banks...correct?] 

Millionday :   THE US DOLLAR RATE WOULD BE ONLY APPLIED OUTSIDE THE COUNTRY -- THE PRICES WILL DECIDE THE USE AND NEED OF SMALL DENOMS AND COINS ALONG WITH LARGE NOTES ETC WITHIN THE COUNTRY –

BUT THE EXCHANGE VALUE TO ANY OTHER CURRENCY HAS NO APPLICATION TO THE ISSUING OF NEW SERIES EXCEPT THAT IT IS PART OF THE ECONOMIC REFORM AS IS THE GOAL TO GO TO A MARKET ECONOMY AND ALSO THE RATES FOR INTERNATIONAL RATES AND MARKET FIGURES, BANKING ETC.

TNT CHAT UPDATE, 14 NOV

TNT:

Savvy1Sez :  IMF's Lagarde and staff support adding China's currency to SDR Sounds promising.

Bigox:  China has a huge part in this as all the wealthy countries of the world but I think Iraq and the IMF are running the RV show for now China did her part already

BestBuy:  DONE!! IMF's Lagarde and staff support adding China's currency to SDR ​basket.http://finance.yahoo.com/news/imfs-lagarde-staff-support-adding-224235​100.html

OKRocks: China welcomes IMF backing to make yuan world reserve currency MENAFN - AFP - 14/11/2015 (MENAFN - AFP) China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system.
 
It now looks likely the yuan will be formally admitted to the IMF's "special drawing rights" currency basket at the end of the month, which would mark a milestone in China's efforts to become a global economic power.... "It will have win-win benefits both for China and the world."


http://www.menafn.com/1094426194/China-welcomes-IMF-backing-to-make-yu​an-world-reserve-currency&src%3DNLEN

KRocks: Millionday: THEY ARE PLANNING A COMPLETE ECONOMIC REFORM. THE ANNOUNCEMENT BY ABADI TODAY WAS THE ACTIVATION OF THE ECONOMIC REFORM NOW --- IMO. MONETARY POLICY IS ON FAST TRACK...GLOBAL POSITION.

OKRocks:  elmerf123456 : This is the big news folks. Big. Big Big. Chinese is becoming a reserve currency and it means we are at the doorstep.. Period!!!

OKRocks:  elmerf123456 : I suspect we are going to see the RV long before Nov 30th Chinese Yuan inclusion now because that's how it was planned. Now that means the RV is on our doorsteps peeps.

Greyeagle1:  My curiosity has gotten the best of me, The article I read said that the Juan would be voted on Nov. 30th 2105 for inclusion in the SDR for October 2016. In my mind that gives a long time for the RV.

OKRocks:  Greyeagle it is their known inclusion that was needed... does not need to be fully implemented yet... just a known that it will... its all good imo
Old drummer:  the article says the yuan could be included AS LATE AS September 2016...it does not say how quickly it could happen....

OKRocks:  Again its the *knowing* it will be included not when it will be fully implemented

JerseyBoysFanin:  IMO Has to happen before Nov. 30th... and likely waaaaaaayyyyyyyyy before Nov. 30th. Come on, come on, comeon!!!!!

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[xyz] Parliamentary Finance: The government spent bank reserves and conditions of the International Monetary crisis will make us "no stock of reserves for banks to exchange it by the government."Link  

[xyz] Rafidain Bank stands ready to issue smart card for employees to exchange their salaries Rafidain Bank expressed readiness to issue smart card for employees in all departments and institutions of the state for the disbursement of their salaries instead of manual cash. Link  

[xyz] Falling oil prices have driven the Kurdish region of northern Iraq to the brink of bankruptcy. Government salaries have not been paid for months, and citizens are suffering – some are being forced to take second jobs Link   
 
[xyz] The end of the second reading of the general amnesty law today  Link 
 
[xyz] employee in the Ministry of Finance ... killed ... by an adhesive placed inside their car, west of Baghdad. Link   

xyz] Vladimir Putin to meet IMF chief Christine Lagarde at G20 summit in Turkey: Media 

Link 

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TooMuch:  4 out of the 5 Largest BANKS in the WORLD are now CHINA Banks

China now has four of the five largest banks in the world after weakening currencies pushed French and Japanese companies out of the top five this year, according to SNL Financial's latest global bank rankings.

SNL ranks the largest banks in the world by converting their total assets into U.S. dollars using the exchange rate as of the end of the period measured. Most banks were ranked by total assets for the quarter ended March 31, 2015. Changes in the rankings since 2014 are partly due to fluctuations in the companies' reported currencies against the U.S. dollar.

https://www.snl.com/InteractiveX/Article.aspx?cdid=A-33361429-13866

EXOGEN UPDATE :WHICH QUESTIONS FROM THIS LIST WILL YOU ASK AT YOUR EXCHANGE APPOINTMENT?, 14 NOV

  1. Note: Not all of these questions may apply to everyone…Just take what you believe fits your own personal circumstances ~ Thank You
    WHICH QUESTIONS FROM THIS LIST WILL YOU ASK AT YOUR EXCHANGE APPOINTMENT?
    DO YOU KNOW WHAT ANSWERS YOU WANT TO HEAR FROM BANKERS WHEN YOU ASK THEM THESE QUESTIONS AT YOUR EXCHANGE APPOINTMENT?
    (DO YOU KNOW THE CORRECT ANSWERS TO THESE QUESTIONS ONCE YOU ASK THEM TO THE BANKER?
    IS THIS PART OF YOUR PLAN AND STRATEGY?
    Questions:
    1. WHAT TYPE OF BANK ACCOUNTS DO YOU HAVE AVAILABLE?
      2. WHAT IS THE FDIC COVERAGE ON THIS ACCOUNT?
      3. CAN YOU EXPLAIN TO ME HOW THE FOLLOWING BANK ACCOUNTS OPERATE?
      A. NON INTEREST BEARING ACCOUNTS
      B. MULTI CURRENCY ACCOUNTS
      C. MULTIPLE CURRENCY ACCOUNTS
      D.  (THE DIFFERENT TYPES AVAILABLE)
      E. INTEREST BEARING ACCOUNTS
      4. WHAT AMOUNT AM I REQUIRED TO LEAVE IN EACH ACCOUNT?
      5. WHAT OTHER PRODUCTS AND SERVICES WILL BE PROVIDED TO ME TODAY WITH THESE ACCOUNTS?
      6. WHAT ARE THE FEES ASSOCIATED WITH THESE BANK ACCOUNTS?
      7. DOES YOUR BANK HAVE A WEALTH & TRUST DIVISION SEPARATE FROM THE RETAIL SIDE OF THE BANK?
      8. I NEED SOME CERTIFIED CHECKS MADE PAYABLE TO (abcd) CAN YOU ASSIST ME?
      9. HOW MUCH CASH CAN I TAKE WITH ME WHEN THIS APPOINTMENT IS COMPLETED?
      NOTE: LIMITED CASH AND A CERTIFIED CHECK IS WHAT WE RECOMMEND
      10. IF I COME BACK TO EXCHANGE MORE WILL I HAVE THIS SAME RATE?
      11. WHAT PRODUCTS & SERVICES WILL THE WEALTH MANAGEMENT TEAM PROVIDE?
      12. EXPLAIN TO ME HOW THE SWEEP PROCESS WILL WORK?
      13. WHAT ARE THE ADVANTAGES & DISADVANTAGES OF THESE ACCOUNTS?
      14. WILL LOANS  AND  LINES OF CREDIT  BE PROVIDED?
      15. IS THIS ACCOUNT ACTIVE TO RECEIVE BANK WIRES NOW? (EXPLAIN THE PROCESS)
      16. WHAT PRODUCTS & SERVICES WILL COME WITH THE WEALTH MANAGEMENT TEAM?
      17. PLEASE GO OVER ALL OF THE DOCUMENTS WITH ME I WILL BE SIGNING?
      18. TELL ME A LITTLE BIT ABOUT THE HISTORY OF THIS BANK?
      19. HOW ARE MY DEPOSITS PROTECTED AGAINST BANK COLLAPSE, GOVERNMENT THEFT, AND BANK THEFT?
      20. WHAT KIND OF INTEREST RATES WILL I BE LOOKING AT?
      21. WHAT TYPE OF CREDIT CARDS AND DEBIT CARDS DO I QUALIFY FOR NOW?
      22. WHAT ARE MY CHECKING & SAVINGS ACCOUNT OPTIONS?
      23. IF I HAVE QUESTIONS TOMORROW WHO DO I  NEED TO CONTACT?
      23. DO YOU HAVE A BUSINESS CARD?
      24. IS THIS CURRENCY EXCHANGE TAXABLE AND WHAT IS THE RATE OF THE TAX?
      25. WILL THIS TRANSACTION BE REPORTED TO FINCEN?
      26. TELL ME ABOUT YOUR ONLINE BANKING (NOTE: WE DO NOT ADVISE ONLINE BANKING)

    27. WHAT IS THE COST TO EXECUTE TRADES, , BONDS, ETC?
  2. 28. WHAT TYPE OF ADDITIONAL INSURANCE CAN I PLACE ON MY MONEY VIA PRIVATE
    BANKING & WEALTH MANAGEMENT
    29. IS THERE AN EXCHANGE WINDOW IF I HAVE MORE CURRENCY TO EXCHANGE?
    30. IS MY MONEY PROTECTED AGAINST DEVALUATION OF THE USD?
    31. TELL ME ABOUT YOUR BANK PERKS?
    32. ARE THERE ANY STIPULATIONS WITH THE CONTRACT RATE? (IF AVAILABLE)
    33. WHAT ARE THE STIPULATIONS WITH THE STREET RATE?
    34. WHAT ARE THE KEY POINTS OF THE NDA (IF APPLICABLE)
    35. CAN I CONTACT MY ATTORNEY BEFORE I SIGN THESE DOCUMENTS?
    36. IF I DO NOT TAKE THIS APPOINTMENT WILL MY RATE CHANGE?
    37. WHAT ARE THE STIPULATIONS WITH THE MARKET RATE?
    38. CAN YOU SHOW ME THE RATES ON THE SCREEN PLEASE?
    39. CAN I HAVE A COPY OF THE DOCUMENTS FOR MY LEGAL TEAM
    TO REVIEW?
    40. WILL THE RATE DROP IF I COME BACK TO EXCHANGE MORE CURRENCY?
    41. IF I HAVE MORE CURRENCY CAN I COME BACK AND EXCHANGE AT SAME RATE?
    42. IF I HAVE MORE CURRENCY ARE THERE DIFFERENT RATE TIERS?
    43. ARE THERE ANY TIME LIMITS ON RATES OF EXCHANGE?
    44. CAN YOU EXCHANGE INTO LOWER DENOMINATIONS?
    45. IS THERE AN EXPIRATION ON THE LARGE NOTES?
    46. IS THERE A CAP ON THE AMOUNT I CAN EXCHANGE WITH YOUR BANK?
    47. CAN YOUR BANK ASSIST ME WITH RESERVES/LAYAWAYS AND HOW
    DOES THAT PROCESS WORK?
    48. CAN I EXCHANGE WITH MY LLC, IBC OR TRUST?
    49. AM I EXCHANGING INTO NEW TREASURY NOTES?
  3. IF I USE AN MCA ACCOUNT WILL MY CURRENCY STAY IN THE
    CURRENCY OR CONVERT TO USD.
    51. WHAT IS THE INSURANCE COVERAGE ON MY DEPOSITS?
    52. AM I EXCHANGING INTO FEDERAL RESERVE NOTES OR TREASURY NOTES?
    53. CAN YOU EXPLAIN YOUR BANKS BASEL STATUS & HOW DID YOUR BANK RATE IN BANK STRESS TESTS?
    54. HOW MUCH DOES YOUR BANK HAVE IN DERIVATIVES?
    55. HOW WOULD YOU RATE AND COMPARE YOUR BANK TO OTHER INSTITUTIONS?
    56. HOW HAVE THE NEW OCC REGULATIONS, VOLCKER RULE, DODD FRANK, & BASEL REQUIREMENT IMPACT YOUR BANK?
    57. CAN YOU EXPLAIN TO ME HOW YOUR FINCEN REPORTING WORKS?
    58. WHAT TYPE OF ACCOUNT ARE THESE FUNDS GOING INTO AND I DO NOT WANT TO COMINGLE DIFFERENT CURRENCIES AND WOULD LIKE SEPARATE ACCOUNTS FOR EACH CURRENCY?
    59. WHAT IS THE DIFFERENCE IN A CURRENCY EXCHANGE AND A CURRENCY INVESTMENT WITH YOUR BANK?
    60. WHAT OTHER OPTIONS ARE AVAILABLE IF I DECIDE TO EXCHANGE MORE CURRENCY AND IS MY EXCHANGE RATE NEGOTIABLE
    61. PLEASE SHOW ME THE RATES CURRENTLY ON YOUR BANK SCREEN BEFORE I EXCHANGE.

CAROLEO POST:One more bank story, 14 NOV

One more bank story…
I have been in this waiting game since 2005 when I purchased the first Dinar on the speculation it should grow in value at least faster than what I could get in a CD account.
I decided this last week to call a bank officer whom I had spoken with only once before at the local WF bank location (central Florida). The last time I spoke to him in early 2015 he said he knew nothing about the revaluation of the dinar and only had heard it was a fraud, but he had one other depositor who had asked him to keep her name and phone number and call her if it occurred.
He offered to do the same for me. This call was a little different story. He gave me what sounded like a rehearsed sentence. “This branch nor any other nearby branch will be involved with negotiating the redemption of dinar.”
I tried to quiz him further if he knew of any locations that would, but he said, “All I know is” and repeated the same words. I found it interesting that he used the word “negotiating” and that he said nothing about it being a fraud. Hmmmmm.

STEVEI TIDBITS, 14 NOV

The new 50K note…Iraq has been talking about this and educating the people for the past 6 months or so that this was only a temporary measure to stop the massive counterfeiting of the 25K and 10K notes that ISIS and others have produced.
The citizens understand that once the value changes and the three zeros are dropped, then they will be turning in these notes for the final more valuable notes.  This new note from what we have been told is extremely hard to counterfeit and will stop that dead in its tracks.
Excellent move as it will draw in all of the 25K and 10K notes inside Iraq and this has nothing with the good notes outside of Iraq that we hold. Once Mosul is fully under control, I see this changing value fairly quickly, most likely when the 2016 budget is officially put into place.
Excellent progress and the end is very near.

TNT :VARIOUS NEWS AND RUMTEL 11/14 by OKROCKS , 14 NOV

    • okrocks said
      07:01 AM Nov 14, 2015
    China welcomes IMF backing to make yuan world reserve currency 
    MENAFN - AFP - 14/11/2015
    (MENAFN - AFP) China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system.
    Now the world's second-largest economy, China asked last year for the yuan to be added to the elite basket of SDR currencies, but until recently it was considered too tightly controlled to qualify.
    It now looks likely the yuan will be formally admitted to the IMF's "special drawing rights" currency basket at the end of the month, which would mark a milestone in China's efforts to become a global economic power..........

    "China thinks that the inclusion of the RMB (yuan) into the SDR basket will strengthen the representativeness and the attraction of the SDR (and) that it will improve the existing international monetary system," the People's Bank of China (PBoC) added.
    "It will have win-win benefits both for China and the world." .......

    http://www.menafn.com/1094426194/China-welcomes-IMF-backing-to-make-yuan-world-reserve-currency&src%3DNLEN

    IS group claims Paris attacks, says France at 'top' of list
    By MAAMOUN YOUSSEF
    Nov. 14, 2015 8:20 AM EST
    CAIRO (AP) — The Islamic State group on Saturday claimed responsibility for a wave of attacks in Paris that killed 127 people
    , 80 from the concert and said France would remain at the "top of the list" of its targets..... http://bigstory.ap.org/article/76f5d3eb21974131b7182cd395d7a6b2/group-claims-paris-attacks-says-france-top-list

    1:40 a.m.New York Gov. Andrew Cuomo says the One World Trade Center spire will be lit blue, white and red in honor of dozens killed in the Paris attacks.

    2:39 a.m. French police say they believe all of the attackers involved shootings and bombings in Paris are dead.

    4:33 a.m. The Paris prosecutor's office says that eight attackers are dead after a string of attacks around the French capital, seven of them in suicide bombings.
     Prosecutor's office spokeswoman Agnes Thibault-Lecuivre told The Associated Press that the eighth attacker was killed by security forces when they raided a concert hall where the assailants had taken hostages.

    4:35 a.m.A U.S. official briefed by the Justice Department says intelligence officials were not aware of any threats before a series of attacks in Paris.
    The official says 70 U.S. citizens currently known to be in France have not yet been accounted for, although no Americans have been reported killed in Friday's attacks.
    The official says all members of Eagles of Death Metal, the California-based band that was to perform at the Paris venue where one attack occurred, are safe and have been accounted for.The official was not authorized to discuss the briefing publicly and spoke to The Associated Press on condition of anonymity.
    -AP reporter Michael Balsamo in New York.

    LAST NIGHT....

     Millionday:  THEY ARE PLANNING A COMPLETE ECONOMIC REFORM. THE ANNOUNCEMENT BY ABADI TODAY WAS THE ACTIVATION OF THE ECONOMIC REFORM NOW --- IMO. MONETARY POLICY IS ON FAST TRACK...GLOBAL POSITION.


    elmerf123456 :  This is the big news folks. Big. Big Big. Chinese is becoming a reserve currency and it means we are at the doorstep.. Period!!!
    This will happen so quick and change things you will not know how to react. Watch!!!!
    BAM!!!!!   http://www.cnbc.com/2015/11/13/imfs-lagarde-supports-proposal-to-include-yuan-in-currency-basket.html
    Announcement nov 30th this year not next.
    Listen for a minute. This is great and it's no bad news regardless who said what. This is what we expected and it has just been validated. Bingo!
    I've said a million times this isnt just about Iraq. This is Global and all part of our GCR. Big Moves peeps. Big moves. I suspect we are going to see the RV long before Nov 30th Chinese Yuan inclusion now because that's how it was planned. Now that means the RV is on our doorsteps peeps.... 

    IMF planned inclusion of the Chinese Yuan is Nov 30th. The RV of IQD and other currencies were to happen b4 the Chinese Yuan. So we are now in the doorstep! Good times and goodnight all my TNT family. Now you have a window.

    THE PARIS TRAGEDY IS WINDING DOWN AND THE IMF & IRAQ IS GEARING UP.... HAVE A GREAT DAY ALL! PRAYERS FOR ALL IN PARIS

MNT. GOAT TIDBITS, 14 NOV

I am now hearing they plan to start up the “project to delete the zeros” once again next month (December) and also launch the new 50K notes at this time. Launch the 100k notes in early 2016. Remember they can’t launch these new notes without some significant increase in the value of the Iraqi dinar.
Also the lower denomination bills and coins must also be launched at or about the same time period since the 50k and 100k notes are to be part of the long term, permanent currency for Iraq along with the new lower denominations and coins.  Keep a close eye out especially for news of the launching of the coins.
Why? Because if they launch the coins they MUST RV FIRSTthey unsuccessfully launched coins in the past without an RV and it was a huge blunder. This mistake cost them billions.
that the purpose of the issuance of this category of the “50” thousand Iraqi dinars IS TO REMOVE THREE ZEROS FROM THE IRAQI CURRENCY IN THE DISTANT FUTURE, to facilitate internationalized currency among citizens”.
Did someone say to facilitate internationalized currency (or in other words make the currency “international”)? WOW? … We are just waiting for them to completed the RV process so they can trigger it. In the meantime they have given themselves enough of a timeline to try to complete the needed laws to support the reforms.
These reforms will ensure Iraq can maintain and build a healthy economy afterwards. They are definitely setting themselves up for a near future global currency and a significant increase in the value of their currency. No doubt about it! This is the time!