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DINARESGURUS.BLOGSPOT.COM_________________ _______

Sunday, July 28, 2019

FRANK26: o be or not to be......Article 8, 28 JULY

KTFA: IMF SAYS IRAQ IS ARTICLE 8, 28 JULY

KTFA

Frank26:  IMF SAYS IRAQ IS ARTICLE 8





Streamed live 10 hours ago

Dont forget they were taken off the stand by agreement! The IMF said they have their multiple currency practice, no longer under restrictions! This is important! Today the IMF told the world "by the way.."... contractors are going ballistic...

WS TOLD US THEY WERE DOING THIS FOR SOMETIME THAT THEY WERE ARTICLE 8 COMPLIANT, JUST HAVE NOT TOLD US/THE WORLD FORMALLY...

THE 3 ZEROS WERE LIFTED ELECTRONICALLY IN JAN... THE IMF TOLD US, NOW WE NEED IRAQ TO TELL US THEY ACCEPTED THESE AGREEMENTS, TO ADD VALUE..THERE IS NO WAITING PERIOD, JUST HAVE TO DO IT

So how long will we have to wait? There is no waiting periof-none…The moment they have the strength, will and desire to do it…..they will raise the value of their currency




Iobey777:  Seems to me that the IMF has "spilled the beans" about Iraq...it's time for them to step up and ACKNOWLEDGE what the world already knows!!!! IMO!
Don961:  B. Recent Developments: Slow Post-War Recovery

6. Post-war reconstruction and economic recovery have been slow.

The large-scale reconstruction effort that was expected in liberated areas has not yet materialized, with capital spending in these areas totaling just ID 100 billion ($85 million) in 2018, or less than 0.5 percent of the estimated damage. Non-oil GDP rose by only 0.8 percent year-on-year in 2018 on account of weak execution of public investment (including reconstruction) and power outages, while overall GDP contracted by around 0.6 percent as oil production was cut to comply with the OPEC+ agreement. Inflation was flat over the year as a whole (Tables 1–2).

7. The fiscal and external positions improved significantly in 2018 due to the rebound in oil prices and underexecution of the capital budget (Tables 3–5).

• A large fiscal surplus—around 8 percent of GDP—was recorded in 2018 due to larger than expected oil revenues and a significant underexecution of the capital budget.
 However, the underlying fiscal position barely improved as non-oil revenue collection declined significantly (due to weak compliance) and current spending expanded by 5 percentage points of non-oil GDP.

• The government retired some domestic debt, including unwinding ID 1 trillion (about $0.9 billion) of indirect monetary financing, and accumulated fiscal buffers (about $17 billion). Public debt fell to 49 percent of GDP at end-2018 (Table 1).

 Higher oil prices and the modest improvement in the underlying fiscal position also led to a large current account surplus in 2018 (5¾ percent of GDP). Gross international reserves reached $65 billion by end-December, outstripping standard reserve adequacy metrics.

• The spread between official and market FX rates has narrowed to below 2 percent in recent months, from 6.25 percent at end-2017, as the comfortable reserve position has allowed the CBI to satisfy banks’ FX demand.


8. Iraq’s external position in 2018 was substantially stronger than suggested by desirable policies and fundamentals (see Annex III).

The sizable surplus realized in 2018 was 10 percent of GDP higher than staff’s current account norm of a 4½ percent of GDP deficit, developed from a model tailored to resource-rich countries such as Iraq with large investment needs.

The real effective exchange rate (REER) appreciated by 4.9 percent year on year in 2018, continuing a gradual trend since 2013 due mostly to movements in the nominal effective exchange rate (NEER).
9. Bank balance sheets remain weak, and private-sector credit is growing but from a very low base.

Two large public banks—Rafidain and Rasheed (R&R)—are burdened by legacy assets as well as loans to SOEs, while NPLs are high at a number of private banks. R&R’s capital is below statutory levels, while private banks are losing money due to the compression of spreads in the FX market, and could face capital constraints. The private-sector credit stock was only 9 percent of GDP at end-2018, up 9 percent year on year.

10. Parliament adopted a new General Financial Management Law (GFML) in May 2019 that strengthens the legal framework for public financial management.5
The law defines general government for the first time, establishes the need for a medium-term fiscal framework and enshrines fiscal transparency requirements. It also limits parliament’s capacity to amend the budget, as well as the scope for spending to be authorized outside budget processes. A number of gaps remain, including regarding guarantees and a treasury single account, that will need to be addressed by secondary legislation and/or decisions by the council of ministers. Newly introduced elements of fiscal federalism could erode non-oil revenue.    link
Don961:  IRAQ STAFF REPORT FOR THE 2019 ARTICLE IV CONSULTATION AND PROPOSAL FOR POST-PROGRAM MONITORING— INFORMATIONAL ANNEX

Prepared ByMiddle East and Central Asia Department (In consultation with other departments)
FUND RELATIONS (As of May 31, 2019)

Membership Status: Joined December 27, 1945; Article XIV

General Resources Account
SDR Million ---------- Percent of Quota
__________________________
Quota 1,663.80 ---- 100.00%
Fund Holdings of Currency
3,425.13 ------------ 205.86%
Reserve Tranche Position
289.95 ---------------17.43

 Latest Financial Arrangements

Type---------- Date of Arrangement---- Expiration Date---- Amount Approved (SDR Million)---- Amount Drawn (SDR Million)

Stand-By ----Jul 07, 2016--------------- Jul 06, 2019 -------3,831.00-------------------------------- 1,494.20

Implementation of HIPC Initiative: Not Applicable

Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable

Implementation of Catastrophe Containment and Relief (CCR): Not Applicable

As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust.

Safeguards Assessments

The most recent safeguards assessment of the Central Bank of Iraq (CBI) was completed in April 2016. It concluded that the CBI continues to face capacity constraints in its operations, as well as a difficult security situation on the ground. In line with the IMF safeguards assessment's recommendations the Governing Council of the CBI approved a new charter for the Audit Committee prohibiting CBI executive representation on the committee. Also, the Parliament has approved amendments to the Law on the Central Bank of Iraq to strengthen CBI governance and the internal control framework. However, progress in strengthening the capacity of internal audit and financial reporting has been slow.

Exchange Arrangement

Iraq’s de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement. The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange rate policy. Effective January 2, 2017, the cash and transfer exchange rate was set at ID 1,184 plus ID 6 (fees) per U.S. dollar. Effective May 24, 2018, the official exchange rate was set at ID 1,190 per U.S. dollar including the Central Bank commission (ID 1,182 plus ID 8 (fees)) according to the closing prices of the daily bulletin of gold & main currencies published on the CBI website (www.cbi.iq).

The CBI provides foreign exchange at the official exchange rate for permissible transactions through its daily auctions (allocations), establishing a peg. However, because certain transactions are excluded from access to the CBI auctions, many transactions take place at parallel market exchange rates. The CBI publishes the daily volume of the auction allocation on its website.

Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains one multiple currency practice (MCP) subject to Fund approval under Article VIII, Section 3.1 {1}

_____________________________________________

{1}The authorities have imposed a requirement that, to access the CBI foreign exchange window, a purchaser must have at least one bank account that has been opened for a minimum of six months. This requirement does not apply for access to foreign exchange from other sources, including purchases of foreign exchange from commercial banks’ own resources. Staff will monitor the implementation of this requirement to ascertain whether any undue burdens on access to foreign exchange for current international transactions emerge from its application in practice
___________________________________________

The MCP arises from the lack of a mechanism to ensure that the exchange rate at the CBI foreign exchange window and the market rates (retail exchange rates of commercial banks and exchange bureaus for the sale of foreign currency from sources other than the CBI foreign exchange window) do not deviate from each other by more than 2 percent.

A previously identified exchange restriction arising from an Iraqi balance owed to Jordan under an inoperative bilateral payment agreement has been eliminated.

Article IV Consultation

Upon the approval of the 36-month Stand-By Arrangement on July 7, 2016, Iraq was placed on the 24-month consultation cycle. The last Article IV consultation was concluded on August 1, 2017, along with the Second Review under the Three-Year Stand-by Arrangement. The staff report (IMF Country Report No. 17/251) was published on August 9, 2017, and is available on the internet.

Resident Representative

Mr. Kareem Ismail has been the resident representative for Iraq, based in Amman, since June 2018.

Technical Assistance, 2014–19

(a series of 3 charts follows ... showing various IMF departments offering Iraq assistance in various categories ....with headings of Department --- Date --- Purpose  ....one entry stood out)

Department ----------- Date ------------ Purpose

LEG --------------------June 2015 ------Article VIII acceptance    link
Don961:  Statement by Mr. Hazem Beblawi, Executive Director for Iraq and Ms. Maya Choueiri, Senior Adviser to the Executive Director July 19, 2019

1. On behalf of the Iraqi authorities, we would like to thank staff for their constructive engagement, as well as the valuable capacity development provided to Iraq in support of its policy and reform efforts.

Recent Developments

2. Since the last Article IV discussion for Iraq, several elements contributed to improved political and economic conditions in the country: The formation of a new government, the recapture of territories previously held by ISIS, and a gradual recovery in oil prices. Millions of people displaced by the war against ISIS returned home, and negotiations around trade agreements with neighboring countries have progressed. Nonetheless, hundreds of thousands remain internally displaced and reconstruction efforts are delayed by many factors, including implementation capacity.

3. The economy is gradually recovering following the deep economic strains of the last four years. Growth is expected to be robust in 2019, reversing the contraction seen in the past two years, thanks to a notable improvement in security conditions and higher oil prices. The non-oil economy is projected to grow at more than 5 percent, due to better rainfall, a rebound in electricity production, and the fiscal stimulus. Inflation remained low in 2018 and the fiscal balance turned to a large surplus of about 8 percent. Higher oil prices have also supported a steady increase in international reserves to US$65 billion, helping to rebuild solid buffers to external shocks and retire domestic debt, including unwinding about US$1 billion of indirect monetary financing.

Growth and the positive fiscal balance contributed to reducing public debt-to-GDP by about ten percentage points in 2018 and the government has adopted a framework to control the issuance of guarantees, in cooperation with the Fund. Higher oil prices and the improvement in the underlying fiscal position also contributed to a marked improvement in the external position, as reflected in the large current account surplus (about 7 percent of GDP). At the same time, the spread between official and market foreign exchange rates has narrowed to below 2 percent in recent months.

4. The authorities are fully aware that Iraq is facing the challenge of maintaining economic stability, while ensuring durable peace and inclusive growth. This entails rebuilding much needed infrastructure, addressing the legacy of conflict, ensuring the provision of services and job opportunities for all Iraqis, particularly the youth, and modernizing the economy. To address these challenges, the newly formed Government of Iraq has launched an ambitious reform and reconstruction agenda, outlined in the Recovery, Reconstruction, and Development Program and National Development Plan. In February 2018,

in Kuwait, the international community committed to supporting Iraq’s reconstruction and development and pledged US$30 billion in the form of loans and guarantees at the International Conference for the Reconstruction of Iraq. A small portion of the needed reconstruction effort has, however, taken place to date, mainly due to limited absorptive and implementation capacity, as well as slow disbursement of pledged donor financing due to the heavy documentation requirements and project procedures.

Fiscal Policies and Reforms

5. The authorities are faced with pressures to increase employment in the public sector to address unemployment, achieve justice for some groups that were affected by past fiscal consolidation efforts including militia forces that helped defeat ISIS, and meet legal requirements to absorb graduates of certain specializations. Accordingly, tightening the fiscal stance in the short run is politically and socially difficult. Nonetheless, the authorities fully agree on the need for reforms over the medium term, particularly in the areas of non-oil revenues, subsidies, and civil service.

Parliament recently adopted a new civil service law as part of their effort to conduct a comprehensive review of the public sector functions and size. The reform of the electricity sector ranks high on the authorities’ agenda and priority has been given to increasing generation capacity to address power outages. Work in this area has resulted in increased electricity generation by about 25 percent in mid-May relative to the year before. Work to settle electricity-related cross-liabilities is ongoing. The authorities acknowledge that important challenges in the electricity sector remain, as outlined in paragraph 30 of the staff report.


6. The authorities also concur with staff on the need to adopt a risk- and rules-based approach to fiscal policy as part of broader fiscal reforms to manage oil revenue more effectively, and they appreciate staff’s analytical work on the subject.

In this connection, Parliament adopted a new General Financial Management Law in May 2019 that strengthens the legal framework for public financial management. The law defines general government for the first time, establishes the need for a medium-term fiscal framework and enshrines fiscal transparency requirements. It also limits parliament’s capacity to amend the budget, as well as the scope for spending to be authorized outside budget processes.

7. Public financial management (PFM) reforms continue to rank high on the authorities’ agenda. They have adopted tight procedures for the approval of government guarantees, kept arrears under control, and enacted a new PFM law in May 2019.


They are also designing and implementing a commitment control system for budget execution to avoid the emergence of new arrears. Moreover, budget transfers to the Kurdistan Regional Government were progressively restored during 2018 and have been included in the 2019 budget. The Ministry of Finance is planning to implement an Integrated Financial Management Information System with the support of the World Bank, for which the adoption of an updated budget classification and a chart of accounts is a prerequisite. Work in these areas is progressing, with the support of Fund technical assistance. 

Monetary, Exchange Rate, and Financial Sector Policies and Reforms

8. The authorities remain committed to the peg to the U.S. dollar as it continues to provide a key nominal anchor to the economy.

9. The authorities are taking measures to enhance the stability of the banking sector. The two largest state-owned banks, Rasheed and Rafidain, are being restructured. The authorities have made progress in procuring suppliers for core banking systems and have segregated legacy assets and liabilities into “bridge branches.” The Bureau of Supreme Audit is working on finalizing their accounts for 2014 and subsequent years.

Once the core banking systems are fully operational, the authorities intend to have the two banks audited to international standards, which would allow their capital needs to be assessed accurately.

10. At the same time, the Central Bank of Iraq (CBI) is pursuing its efforts to strengthen the regulatory framework and improve prudential regulations in banking supervision to align them with Basel II Committee on Banking Supervision standards and guidelines.

In this connection, supervisory guidelines on bank internal audit and compliance functions were prepared in the fall, with Fund technical assistance. Work is progressing on early identification of bank risks and the way to deal with weak banks, including early intervention of supervisors, corrective actions and their enforcement, banking crisis management and the supervisor’s role, as well as techniques for liquidating unviable banks. The CBI also intends to develop a deposit insurance scheme, which would help level the playing field across the banking sector. To promote financial development and inclusion, the CBI is working on strengthening payment systems and encouraging deposits, including public salary payments directly into bank accounts.

11. In June 2018, the Financial Action Task Force (FATF) welcomed Iraq’s significant progress in improving its AML/CFT regime and noted that “Iraq has established the legal and regulatory framework to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in October 2013.”

FATF thus considered that Iraq was no longer subject to the FATF’s monitoring process under its ongoing global AML/CFT compliance process. The authorities will continue to work to strengthen the AML/CFT framework. They consider that continued progress on AML/CFT will also help them address the transfer of illicit gains.

12. Good progress has been made in implementing the recommendations of the 2016 safeguards assessment of the CBI. Amendments to the Law on the Central Bank of Iraq to strengthen CBI governance have been enacted, and the revised audit committee charter now prohibits CBI executive representation on the committee. Work is ongoing on strengthening the capacity of internal audit and financial reporting.

Anti-Corruption Reforms

13. The government is prioritizing anti-corruption efforts, with a focus on strengthening public institutions. A new High Council on Combatting Corruption, chaired by the Prime Minister, was established in February 2019. A Commission on Integrity was established in 2011 with the tasks of corruption prevention and enforcement, and it has investigated several high-profile corruption cases. Legislation to criminalize illicit enrichment, trading in influence, embezzlement, and all forms of bribery has been drafted. Iraq has also developed a system of asset declarations, and a large number of public officials are currently required to disclose their assets. The authorities agree with staff that streamlining the anti-corruption framework would make it more effective and less onerous for economic activity.

Conclusion

14. Notwithstanding an improvement in security conditions and oil prices, Iraq faces the serious challenge of maintaining economic stability, while ensuring durable peace and inclusive growth.


The Iraqi authorities very much value the Fund’s policy advice in addressing its economic challenges, and they would welcome a Post-Program Monitoring engagement. Continued Fund capacity development would be essential in the period ahead. The authorities have been calling on the Fund to resume visits to Baghdad, similar to the practice of other international institutions. They welcome the recent lowering of the Fund’s security rating for Baghdad to a medium level of residual risk and look forward to welcoming Fund staff again.
link

DINARLAND HIGHLIGHTS, 28 JULY

Frank26 (KTFA)

IMF / CBI 19th JULY MEETING - This meeting was extremely important...Iraq is about to start the Post Monetary Program. The IMF is extremely pleased with Iraq. Implement the FML now... because the SBA is done.

...Turns out the IMF is happy now. They said look you passed the Financial Management Law, go ahead and implement it now. Change your rate. Lift your three zeros. Bring in the new monetary policy. This is very very good...This [IMF] report is exactly what we wanted to see. They didn't tell them you gotta do this. They didn't tell them here's some more money...no Standby [Agreement] by extension...we wanted to share with you what they are slowly releasing...they're transitioning from a 14 to an 8...this is my opinion. Nobody knows the date. Nobody knows the rate...
______________________________________________________

Chattels

Article:
"IMF Executive Board Concludes 2019 Article IV Consultation with Iraq"

Nothing we have not heard before in this recent report, IMO. Iraq continues to have substantial shortcomings in various financial arenas. A cautionary tale of real problems and possible betterment. Tune in next year.

______________________________________________________

Vital Brad

Article:
"The appointment of new governor of the Central Bank and a head of the Financial Control Bureau"

Quote:
"the council decided to recommend to the House of Representatives to appoint [Ali Abdul Amir Allawi] governor of the Central Bank..."

On Tuesday they did some voting and Allaq is out of the CBI governor and the new governor actually worked with Dr. Shabibi on the RI plan. So another critical piece has fallen into place. This is some of the best news we've seen in years. If you've been following you understand putting Allawi into place as the governor as much work as he has done with Shabibi in the past is a really big sign that pieces are falling into place and about to happen...
______________________________________________________

DELTA (KTFA)

FROM IMF REPORT:
"Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains one multiple currency practice (MCP) subject to Fund approval under Article VIII, Section 3.1"

BYE BYE ARTICLE Article XIV ...WELCOME ARTICLE VIII.
______________________________________________________

Mountain Goat

Article:
"REVEALED 17 CORRUPTION SUSPICIONS THAT HAVE PLAGUED IRAQ'S CENTRAL BANK OVER THE PAST YEARS"

So ending this issue of corruption is not as simple as some...tell you...they say, just RV, and the auctions go away and the corruption ends. Folks it is not that simple then to get the reinstatement (thus eventually a significant rate change we want) when there are billions being stolen. The longer it goes on the longer it will take to stop it. Remember that Dr Shabibi told us in a news media interview after the fact that the CBI had an “unprecedented opportunity” in 2013 to reinstate the dinar and end all this corruption but the corrupt politicians stopped it and reprevented it. This has been the case ever since...

So in comes Mutada Sadr who has had enough of this corruption and wants to end it. He then runs an anti-corruption campaign for elections in 2018 and wins. He makes the PM sign agreements to complete a list of the needed reforms.

...These reforms are all about ending the corruption and getting the currency project to delete the zeros done. So far it has been over a year and so what has happened so far? Not much! 

'NEW' RV Intel - QFS Insider Speaks to the Public - from Australian Contact (via email), 28 JULY

Posted By: Mr.Ed
Date: Sunday, 28-Jul-2019 03:00:07 

Mr Ed,

The email below is from my QFS contact, sent to him by someone very high up in the RV/GCR, who want's this out on the public domain. They are sick of the excuses and want to force the issue, to make sure it happens, before some very pissed off Chinese Elders, pack up their bags and start this thing themselves.

DJ

_______________________________

​To share:

Despite everything we are told or have been told this simple process has been waiting on America, on one Donald Trump and on his trusted Generals.

Recount Steve Mnuchin held up the process several times and upset the Chinese Elders so much that Trump brought in Judy Sheldon. In 3 to 4 days she fixed what Mnuchin had messed up since his appointment.

The Elders were happy so packed their bags and left for Washington DC for agreed meetings. Then back in steps Mnuchin. I asked all my USA contacts WHY? No one could answer me!

And the Elders are left (no actually snubbed) in Washington until they have made it known they have had enough. So it appears that (very reluctantly) they are seen...and then they head off to California thinking this is now happening.

And why shouldn't they. It is a very simple process. Trump signs a piece of paper and buttons are pushed so then codes are entered. Several simple steps. But the Mnuchin factor is still there and causes several more disruptions. I ask my American contacts if they can get their 'up line' to get messages to Washington?

Why was Mnuchin allowed to do this so regularly? Just look at the track record and the myriad of excuses. Audits. A problem found with the process. WHAT!!!

I know for a fact that the QFS system is just about one of the most complete finance pieces of software EVER written. It caters for events that so many have failed to include in the past. If I shared what I know you would be left gasping for air.

I work with Indigenous Australian Elders here in Australia. I have a good working knowledge of the extremely high levels of integrity that Elders adopt.


Do not forget that the Chinese Elders represent the traditional families of China. Their history / pride is based on thousands of years of holding the future in their hands. They take great pride in what they do. They do it with the utmost integrity and they strictly adhere to a code of honor beyond what so many of us have ever come in contact with.

Now to the point of this email. If you are able to share this with the Elders please do, and we both know whom I am pleading to.

And to the person I spoke to about Mr. Ed yesterday, PLEASE let him share this on Dinar Chronicles.

I believe that the more this becomes public and Trump and his General will have to deliver what they have promised to do.

And we may finally be paid out.

If you feel like it, I will wait for your feedback. But consider this - WHY?

Several who have held the status POTUS failed to deliver this and the signs are there again if we look correctly.

But maybe, just maybe, if this time they know we are on to them...this time it will finally have a different outcome and that is all I am trying to do...so that the Humanitarian Projects (so many of us have) can finally get moving with funds beyond imagination.

Source: Rumor Mill News

Restored Republic via a GCR: Update as of July 28, 2019

Judy Note: According to an extremely reliable source the RV was launched last week, funds were presently being dispersed to Paymasters and when they reached a certain percentage, the 800#s would be released for Tier 4B (the Internet Group) to make private redemption and exchange appointments. 

It was the contact’s personal opinion that those appointments would begin around Tues. July 30. Some Guru sources also thought such could happen onTues morning July 30, even over this weekend, or if not, certainly before Sat. Aug. 3

Whenever the 800#s were released and appointments set, everyone – all Whales, Tiers, SKRs, Groups – would made be liquid all at once. As Q said, WWG1WGA! 

These last few days I was asked to be silent during this phase where both the RV and certain mass arrests were launched. Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world. Trust The Plan, Judy. 

Trust the Plan, Q: https://www.youtube.com/watch?v=KVeDKuHPDK8 

A. July 27 2019 12:12 am EST TNT Call Ray, Tony: TNT Showtime CC w/ Ray, Tony Bullets Pts by AZhombre 7-26-19 

1. Bank personnel are still on standby. Our bank contact told us as of Wed. July 24 they had 10 days to get this party started (making it Sat. Aug. 3). This morning Fri. July 26 I heard that again from a different source. 

2. We were told that everything was done and completed at banking. Treasury source said they were waiting for a go. 

3. Iraq told us in June they would have an international card by July and they now have an international card they could use. 

4. Some people think that rate could come out tonight Fri. July 26. They all think it could be over the weekend, or could be Tues morning July 30

5. Everybody on standby, probably high alert after 5pm. 

6. Rates were still climbing. Nobody knows where they were going to finalize. 

7. Updated Rates as of July 5 2019

Judy Note: It was my understanding that instructions would accompany the 800#s so we could figure things out before going to our appointments. Some said that the below Zim Rates would only be true if you figured them on the EQUIVALENT of 6 zeros taken off, or rates of $.000011, $.000022, etc. with no zeros off. 

Zim: $.11, $.22, Contract $.35, or up to $2 if your humanitarian project justified that rate. 

Dinar: $3.65, $4.47, $6.00, $8.00. Contract Rate $28.50. 

Dong: $0.47, $0.56, $0.87, $2.27. Contract Rate $6.00. 

Rupiah: $1.05, $1:08, $1.25. 

8. Everybody was on standby. The worse case scenario was that it would happen in the next 10 days, although we could see it as early as Sat. July 27

B. July 27 2019 12:52 am EST Intel Alert: RV/Intelligence Alert: "Completion" -- July 27, 2019 (Disclaimer: The following is an overview of the current situation of the world based on intelligence received from several sources which may or may not be accurate or truthful.)

1. The reinstatement of Federal executions by the Department of Justice was in preparation for the upcoming criminal charges of various high profile individuals.

2. Deep State Cabalists who participated in Satanic Rituals that involved human sacrifice would now be given the death penalty.

3. The RV began as of Mon. midnight July 22 for core groups and T4A.

4. T4A was now fully liquid as of yesterday, Fri. July 26.

5. T4B was expected to be processed by the end of the month Wed. July 31.

6. The bank(s) chosen by the Alliance to process currency redeemers have been given notice that the private currency redemption event was now imminent.

7. Instructions would be published once the green light was given for T4B.

8. The QFS would be implemented by mid-August after the completion of the private currency redemption event. 

C. July 27 2019 Timeline emerges for DOJ Inspector General report on FISA abuse: https://www.washingtonexaminer.com/news/new-timeline-emerges-for-doj-inspector-general-report-on-fisa-abuse 

D. International Child Trafficking:

Elite Pedophile Jeffrey Epstein Found Injured In Cell With Bruises Around His Neck:
https://www.collective-evolution.com/2019/07/25/elite-pedophile-jeffrey-epstein-found-injured-in-cell-with-bruises-around-his-neck-why/ 

How The World Will Collectively Stop Elite Level Child Sex Trafficking & Ritualistic Abuse:
https://www.collective-evolution.com/2019/07/27/how-the-world-will-collectively-stop-elite-level-child-sex-trafficking-ritualistic-abuse/ 

Bombshell Epstein Disclosures Expose Human Trafficking in High Places:
https://stillnessinthestorm.com/2019/07/bombshell-epstein-disclosures-expose-human-trafficking-in-high-places/

My father was an RCMP that guarded the Parliament building in Ottawa back when Pierre Elliot Trudeau was Prime Minister and he and his other RCMP coworkers had to sign a confidentiality agreement to keep Trudeau's secrets which were he had a young boy up in a paid for apartment by the Government and would sneak other random boys every night into his room. His wife was busy selling weed in large quantities and was busted twice. This goes in the bloodline of politicians and his son was born and groomed for the same as his father. 

Q: Military Insider Pete on DC Operations, Disney Cruise Line, Epstein Island: 
https://m.beforeitsnews.com/v3/prophecy/2019/2507177.html 

E. Rumored Events:

Mon. Jan. 28 2019: First day of the 9/11 Military Tribunal at GITMO.

Fri. June 14 2019: The Quantum Financial System was activated, Tier 3 completed and a Tier4A test group of 2,200 individuals began. After two weeks of that testing, or by July 1, they planned to release the 800#s – that didn’t happen as yet.

Mon. July 1 2019: President Trump signed an Executive Order, plus signed into law Congressional House Bill 3151, both of which aided in the abolishment of the IRS as per GESARA compliance.

Wed. July 3 2019: President Trump signed an Executive Order, content unknown, covering tax laws in the interim between July 1 2019 and Jan. 1 2020.

Thurs. July 4 2019: Mass Arrests began on over 110,000 sealed indictments.

Sat. July 6 2019: Arrest via sealed indictment of Jeffrey Epstein who flew political and global elites including the Clintons and British Royalty on his private jet the Lolita Express, to his privately owned “Pedophile Island” where human trafficked minors were said kept in underground tunnels to be exploited, raped and killed in the Cabal’s multi-million dollar Satanic Temple.

Fri. July 12 2019: Packages reactivated deliveries. The new USTN currency was sent out to banks. US Treasury Administration caught in a scheme to revert monies of the GCR to the Cabal. House Voted to broadcast GITMO Trials, Washington Posthttps://www.washingtontimes.com/news/2019/jul/13/house-votes-in-favor-of-broadcasting-guantanamo-ba/

Sat. July 13 2019: German Deutsche Bank was bailed out by the Chinese Elders. Failure of that Deutsche Bank had been expected by Mon. July 15 – which would have imploded the entire Cabal Central Banks across the globe. It was believed this buyout was done with the intention of closing Deutsche Bank and the entire Central Banking system including the Federal Reserve.

Sun. July 14 2019: ICE began arrests of thousands of undocumented immigrants across the country, combining it with raids on MS-13 human trafficking operations.


Mon. July 15 2019: There was a meeting in Cleveland between the new US Treasury, President Trump, Chinese Elders, military and a person posing as Mike Cottrell who had signed off on fake codes that were entered into the system. All was caught.

This week a number of former bankers implemented a concocted scheme that involved putting out bogus 800#s, obtaining people’s currency and bond serial numbers and directing people to fake Redemption Centers. There were 1300 currency/bond holders scammed and 64 perpetrators arrested.

Tues. July 16 2019: A very valid source said there was a phone conference with major world players Tues. evening July 16. They were called into a closed door meeting to be briefed on the final roll out of the transition. Due to the shenanigans at the new US Treasury in Reno they had to issue new Gold Certificates.

Wed. July 17 2019: The Gold Certificates arrived in the US and the new gold-backed USTN went live about 25 min. into President Trump’s speech at his Rally in North Carolina.

Thurs. July 18 2019: the new currency codes were released so that the new rates could be brought up and locked in bank screens.

Sun. July 21 2019: Around 1000 children were rescued from underground tunnels at China Lake military base, and then the White Hats blew it up with two earthquakes: https://militarytribunals.org/video/new-q-china-lake-cia-horrors-mk-ultra-thousands-of-kids-in-cages/

Mon. July 22 2019: The GCR officially began implementation. The new International Tax Treaty was signed by President Trump, kicking off implementation of GESARA in 193 compliant countries. This document was signed behind closed doors by the member countries of the G20 in Japan; supplemented by the signature of the other countries 2 days later, sent to the International Court of the Hague for ratification, and returned to two treasuries (USA and China).

Also on Mon. July 22 2019 at 9:26 am there was another earthquake in California with a Magitude 4.2 – ten miles from Twenty Nine Palms Marine Base (airspace area R-2501N) – a US alien research diagnostic facility and UFO base southeast of Ludlow said to house DUMBS.http://www.theeventchronicle.com/uncategorized/list-deep-underground-military-bases-dumbs/ D.D: https://www.bloomberg.com/news/articles/2019-07-22/army-lets-slip-that-it-s-conducting-secret-operation-around-d-c

July 22 2019: The RV release was said to begin. The US Army began a classified military operation in Washington D.C. Rumors suggested that this military operation was a cover for preparations to initiate mass arrests.https://www.bloomberg.com/news/articles/2019-07-22/army-lets-slip-that-it-s-conducting-secret-operation-around-d-c

Tues. July 23 2019: The RV launched as of this midnight (Tues. July 23 201900:00 AM for 26 core groups. The launch was scheduled in the only time window compatible with 4 RV-zones: Reno, London, Zurich and Hong Kong.

Thurs. July 25 2019 evening the Chinese Elders were coming to Reno with $7 trillion in gold for the US. All systems were a go. The 7 satellites connecting the Quantum Financial System were up and working.

Fri. July 26 2019: Funds were being dispersed to Paymasters and when they reached a certain percentage, the 800#s would be released.

Tues. July 30 2019: Exchange and redemption appointments likely to begin.

Thurs. Aug 1 2019: Deadline to release the new Zimbabwe currency, plus have an announcement of the new US Value-added Flat Tax Code (VAT). 

Sat. Aug. 3 2019: Back Wall to begin exchange/redemption appointments.

Thurs. Aug. 15 2019: The new Quantum Financial System (QFS) would complete implementation. Private exchanges would end, while the general public began exchanging.

Sun. Sept. 1 2019: Restoration of the Republic (for the United States of America) was expected to be completed, though not announced until Sun. Sept. 15.

Wed. Sept. 11 2019: All larger notes of revamping currencies due off the street. Market participants were betting on a huge, seismic shock to the financial system in Sept.

Sun. Sept. 15 2019: Possible deadline to announce the Restored Republic.

Sat. Sept. 30: End of the fiscal year. For some time US Taxpayer monies had been sent to the US Treasury in Reno, though Sept. 30 officially ended the IRS.

Jan. 1 2020: VAT Flat Tax Code effective. On July 3 President Trump signed an Executive Order, content unknown, covering tax laws until Jan. 1 2020. Reset of a second Basket of foreign currencies.

F. WARNING About The 800#s: Be careful with whom you deal in exchanging your currencies or redeeming Zim Bonds and triple check the validity of 800#s to call for appointments.

1. Recently number of former bankers acted on a scheme that involved putting out bogus 800#s, obtaining people’s currency and bond serial numbers and directing people to fake Redemption Centers. There were 1300 currency/bond holders scammed and 64 perpetrators arrested.

2. It was believed that the above arrests were connected to the Cabal setting up their own bank, disguising it as a branch of HSBC, telling a large international humanitarian group that they were so “special” that they would redeem early and without 800#s, or Redemption Centers, but via the Internet in an obvious plot to steal their monies and make sure the group’s thousands of humanitarian programs wouldn’t be funded.

3. In addition, unauthorized people have posed as representatives of Wells Fargo and other banks while trying to convince people to exchange their currencies with them.

4. Also, Bank employees have advertised fake 800#s that sent people to bogus so-called “Redemption Centers.”

5. Two weeks ago top US Treasury officials tried to skim monies off the new system for use of the Cabal. All have been arrested.

G. You DO NOT have to be in a group, could easily exchange and redeem yourself, plus instructions on websites advertising the 800#s would apply to all participants, banks and Redemption Centers worldwide.

When you call the 800# DO NOT give out the serial numbers of your currency or bonds. The only thing the person on the other end of the line needed to know was what you had (Zim, Dinar, Dong, etc.) and your zip code so they could direct you to the correct Redemption Center in your area.

Validated 800#s and instructions on how to set appointments, redeem Zim and exchange currencies would be sent out by email and published on the below approved websites only AFTER 800# release and only AFTER those instructions were duly verified. Check to make sure the 800# you received by email was also present on these different websites:

Dinar Chronicles: http://www.dinarchronicles.com/tetelestai.html
Dinar Recaps: https://www.dinarrecaps.com/our-blog
MarkZ Calls: https://www.twitch.tv/theoriginalmarkz
MarkZ website: theoriginalmarkz.com
MarkZ Twitter: m.twitter.com/originalmarkz
Bruce: bigcalluniverse.com https://www.iqdcalls.com/The_Big_Call.html
TNT Tony: https://twitter.com/the_tnt_team

H. Tweets and Email Addresses:

President Trump’s Tweets: https://twitter.com/realdonaldtrump?langen

President Trump’s Email: whitehouse.gov@gmail.com

George’s (JF Kennedy Jr.?) Email: George@The Collective

George’s (JF Kennedy Jr.?) Tweets: https://twitter.com/thecollectiveq?lang=en

EyeTheSpy Tweets: https://twitter.com/TrueEyeTheSpy