Saturday, January 27, 2018

IQD NEWS update (RANT # 72)


BGG   Article:  "Abadi: They are on the process of rising the Iraqi economy and create jobs"  

FYI – Abadi has been the best thing that’s happened to Iraq in the last 2 decades. Is he perfect? No. Are they on track? More than you know. So relax.  

Quote:  "Abadi: “…we are in the process of raising the Iraqi economy and create(ing) jobs…” 

What exactly is this process he is speaking of?  Does it include monetary and currency reform?  

I don’t see how it cannot – especially with the clear re-engagement of Iraq with the world markets.  

With any luck Abadi will get a lot of credit for their peace and prosperity – Maliki and Barzani will get shut out on May 12th.


Reports are coming in of a 1:1 rate in-country in Iraq. The citizens over there are being told NOT to discard the lower denoms, they will be of value when released and the purchasing power will gradually increase.

I am  awaiting more detailed reporting before considering this information confirmed and verified, but it sure sounds good, looks good and definitely feels good!

IQD Rates on US bank screens are reportedly, gradually climbing!  


Everyone wondering what the hold up could be... GOI + HCL = RV.

The Government of Iraq (GOI) needs an official Hydrocarbon Law ( HCL) in the official Gazette.

Abadi has established a 5% reduction for the Kurdish region. Only now have the Kurds finally agreed to this stipulation with future secret guarantees I am not at liberty to divulge.

 Leading up to mid February all will start to come into focus.

Just remember: HCL = Having Liqiuid Currency.

NEWS:Zimbabwe: Looming New Monetary Policy to Set More Radical Reforms, 28 JAN

27th January, 2018 by Christopher Mugaga

For those seeking evidence that President Emerson Mnangagwa is set on a radical overhaul of the economy, Zimbabwe's monetary policy, expected soon, will definitely set the tone.

For all his bold talk of transforming the Zimbabwean economy, this monetary policy will provide mixed evidence. Undoubtedly, there has been much to cheer if the December 8 2017 fiscal policy is to be summoned in the debate. Assessing the full impact of this is tricky, because implementation takes time and an upturn in the economic cycle means unemployment should drift from its over 80%, in any case.

It has turned out to be a low-profile event since we dollarised. Not long back the announcement of a monetary policy was like an epic juncture for one to either go for broke or tame the daily challenges associated with eroding value of currency. The then governor would receive as much criticism as the accolades he will receipt for surprising the market at every opportune moment he was afforded the podium to outline the monetary objectives of the nation.

Blue collar workers, civilians, members of the security, the bureaucrats would all be holed up in one spot to digest the endless volumes of measures, some of them so fiscal in nature that the announcement of the budget was turning out to be a "curtain raiser" for the long-awaited monetary policy.

How daring the winds of change are. The soft-spoken but blunt John Mangudya, Reserve Bank of Zimbabwe (RBZ) governor, rarely minces his words when exposing any market misdemeanours he encounters in his daily work. He had grown to become so accustomed to criticism that his days at the biggest bank in the land were not freed from utopian scrutiny notably by competitors in the trade. His unassuming character will be put to test very soon as he announces the monetary policy .

It is a policy to be announced on the backdrop of a lethargic 2017 with most economic prospects dented by the declining commodity prices as well as the biting cash shortages which remain stubborn with each passing day. Such a baseline scenario of an average economic growth for 2018 averaging 4,5% is nonetheless predicated on a number of increasingly potent upside risks being expected, dominantly driven by agriculture and manufacturing.

However, predicating the 4,5% growth target on agriculture with a weight averaging only 14% to GDP computation might be a tricky path to rely on.

Risk aversion from foreign investors may lead to a reversal of sentiment towards the region and capital outflows, hence putting pressures on countries like Zimbabwe with large external financing needs, and forcing abrupt macroeconomic adjustments.

Mugaga is an economist and CE of Zimbabwe National Chamber of Commerce. These weekly New Perspectives articles are co-ordinated by Lovemore Kadenge, president of the Zimbabwe Economics Society.    Read Full Article Here:   LINK


The new financial system was activated last week.

World leaders were informed about the activation yesterday at the World Economic Forum in Davos.

According to rumors from sources, Trump requested that the Alliance hold the RV until after his State of the Union address on Tuesday, Jan. 30.

Tuesday, Wednesday, Thursday are the optimal banking days for the RV as stated in the past.

All off-site redemption centers and it's employees are status ready.

Certain bank employees across the world at specific bank branches have been informed and trained to handle the RV exchanges. All under NDA as required.

Possible 800# release Post-Tuesday.

Operation Disclosure

Jan. 24th, Currency Exchange Update and Review


1-25-2018  Newshound Guru Breitling  ...Look what’s coming up in taxes…you are going to make more money off the dinar at whatever it revalues at because of the way the taxes are set up…you get the benefits that much more.  It’s a remarkable thing.   [Consult your financial and tax professional at the appropriate time.]

1-27-2018   Intel Guru Delta 

1-27-2018  Newshound/Intel Guru Arthur  ...Everyone wondering what the hold up could be... GOI + HCL = RV. The Government of Iraq (GOI) needs an official Hydrocarbon Law ( HCL) in the official Gazette. Abadi has established a 5% reduction for the Kurdish region. Only now have the Kurds finally agreed to this stipulation with future secret guarantees I am not at liberty to divulge. Leading up to mid February all will start to come into focus. Just remember: HCL = Having Liqiuid Currency.

1-27-2018   Intel Guru Frank26   [Are you aware of a waiting period once citizens get rate before it goes international, i.e. kuwait took 10 days?]  IMO 3 DAY...

1-27-2018   Intel Guru RayRen98  We did get some new information on rates.  Now $4.87 is the dinar rate being seen on the screens.
Get caught up on last night's updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes a sec sec...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list.  Click here to get on the list now.
1-26-2018   Newshound/Intel Guru BGG    The Amnesty Law was originally devised to cover past political affiliations that were deemed to be illegal.Whatever it is now, or believed to be now, is another story.  [reference Guru G-Lin post 1-24-2018]

1-26-2018   Newshound Guru Kaperoni    "TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE REPUBLIC OF IRAQ CONCERNING THE DEVELOPMENT OF TRADE AND INVESTMENT RELATIONS"   [This says we have a TIFA agreement with Iraq. Any thoughts?]   ...the agreements were made years ago, just never implimented because the Iraqi banking system is not engaged with the world, IMF Article VIII etc.  ...I am sure much of it was done in anticipation for currency reform under Shabibi  2012-2013.

1-26-2018   Intel Guru Frank26   [Do you think there will be a time limit to hold the 000 notes?]  YES CBI SAYS FOR 2 YEARS I OPINIONATE MUCH MORE THAN THAT.

1-26-2018   Newshound/Intel Guru Mnt Goat   [continued Q & A] ...with my contact in the Central Bank.   Q: So, are you saying then, that you anticipate using the dinar soon for paying foreign debts also?  A: Yes, soon we will de-pegged from the de facto peg on the US dollar and move to a basket of global currencies for our valuation. This will allow a gradual float of the currency on the open trading markets. There are strict IMF guidelines for this effort and we are working closely with them and the World Bank to implement.

1-26-2018   Newshound/Intel Guru BGG   Article:  "Abadi: They are on the process of rising the Iraqi economy and create jobs"   FYI – Abadi has been the best thing that’s happened to Iraq in the last 2 decades. Is he perfect? No. Are they on track? More than you know. So relax.   Quote:  "Abadi: “…we are in the process of raising the Iraqi economy and create(ing) jobs…”  What exactly is this process he is speaking of?  Does it include monetary and currency reform?   I don’t see how it cannot – especially with the clear re-engagement of Iraq with the world markets  With any luck Abadi will get a lot of credit for their peace and prosperity – Maliki and Barzani will get shut out on May 12th.

1-26-2018    Intel Guru Bruce  How close are we? We are very close. Before President Trump left for Davos yesterday [Wednesday] evening, he gave permission to Steven Mnuchin, the Secretary of the Treasury to release this for us to the banks prior to midnight tonight. ...That means the banks will have it...to release it when they are ready. When the banks are ready. Maybe ready quickly, maybe they won’t. We will see how quickly that will manifest. I think we are at a moment to moment basis.  That is where we are and I am very excited about it.  [post 2 of 2]

1-26-2018    Intel Guru Bruce   When it comes to Iraq...We know those bonds that were being offered Wednesday morning...did not sell so well in Iraq because a lot of the people don’t trust the banks. They do not trust the CBI.  They did make another attempt to sell more bonds. They were cut off after an hour or so of trading. They did some more selling of those today [Wednesday], and again more outside than inside of Iraq.  I believe those bonds will sell.  The only thing I know is the rate for the dinar that was attached essentially to the bonds is a very strong rate for the dinar and is the same rate as the opening rate will be on the CBI and on our bank screens here. I do know that. I do know that it is slightly under $5...   ...some people tend to believe that the Dong is going to be at 47 cents.  ...Just not true.  The Dong is already close to $2 just the other night. ...I think the screen rate is going to be in that range or higher for the Dong.   [post 1 of 2....stay tuned]

1-26-2018   Newshound/Intel Guru Mnt Goat   [continued Q & A] ...with my contact in the Central Bank.  Question: So are you saying you now have an in-country revaluation of the Iraqi dinar?  Answer: We are gradually rolling out an increase in rate on the dinar as we electronically pay the January govt payrolls and going forward...   The marketplace must catch up slowly. We plan to gradually also roll out the newer category notes to match. This is a slow process but we hope to be successful. This process has taken many years to implement and we are within the final stages of completion.  

1-26-2018   Newshound Guru Kaperoni   Article:  "Complete system Vehicle Tracking (GPS) Banking Services "   Quote:  "The Ministry of Communications has completed vehicle tracking company for the benefit of the Iraqi banking project, while the light station installed in the hand Baghdadi in Anbar province to link security and service departments with the capital."   I look at this as more good news.  The CBI needs to track vehicles hauling currency to and from banks and this just provides more security.  Especially when they start hauling dinar for destruction.

1-26-2018   Intel Guru Frank26   [Do you still like January?]   YES...BUT...I LIKE EVERYDAY OF THIS MR [MONETARY REFORM] BECAUSE IT IS UNDER GREAT PRESSURE TO COME FORTH...  [If we see the RI in January would it be possible we would see the RV within the first Quarter?]   YES!!!

IQD NEWS update (RANT # 71)


Dinarians and exotic currency holders,

[Preface: Sorry in advance for typos and whatever else results from my haste. I'm trying to squeeze this in before an appointment in my actual business because the resistance among some exotic currency holders to very self-exposed help is troubling. I appreciate your indulgence.]

I realize fireswain [sic] is your new tech guru here in IDC, however, let's be clear, this person is a tech. She loves tech, she love to talk tech, she loves to impress with tech, but don't misunderstand - she is a tech not a designer of SWIFT, CIPS, or any of these long standing and fully public technologies.

Background on SWIFT, available to all of us:

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is the world’s largest electronic payment messaging system, facilitating the exchange of more than $6 trillion a day, according to 2012 estimates. Though it gets lumped in with electronic funds transfer systems, it doesn’t do any of the funds transfers itself. In fact, it doesn’t even touch money. It does make money move by triggering the transfer mechanism between correspondent banks.

At its core, SWIFT is basically just a bank-to-bank messaging system. It supplies a standardized language that institutions use to communicate payment instructions and other info to each other. SWIFT messages are programmed in a language known as FIN. The system was designed and used to transfer messages between member institutions.

Before SWIFT, there was Telex. It’s helpful to start there, because rather than being created from scratch, the SWIFT system is rooted in some precedent. Telex—or the Teleprinter exchange, if we’re getting formal—was (and is) one of the original ways to transmit data developed during World War II. Though its roots were in the military, it was quickly adopted by financial institutions for their systems to communicate internationally.

By the 70s, Telex had gotten old: It was indisputably slow (transmitting bytes per second), lacked formatting standards (limiting the possibility to automate), and wasn’t as secure as evolving threats demanded (after all, it had basically become a directory served over the phone networks). Around the same time, domestic electronic funds transfer systems began to emerge, driven by a desire to eliminate paper from the payments process. (Imagine: the push to go paperless was a process that took shape in the 60s.) The distinction, of course, is that EFTs actually move money. But they often used Telex messages to get information about what needed to happen—which made the issues with Telex all the more pointed.

So in 1973, after a handful of studies and a lot of talking, a group of banks established SWIFT as a specialist’s alternative to Telex. They selected Brussels for the cooperative’s headquarters—evidently, choosing New York or London would have been too political. By the time SWIFT went live three years later, it comprised a messaging platform, a computer system to validate and route messages, and a set of message standards. More than 500 institutions from 22 countries were connected. Today, more than 11,000 institutions in more than 200 nations are connected to SWIFT. In 2015 alone, 6.1 billion FIN messages were sent through the network.

Here's a basic diagram on how SWIFT actually works.

SWIFT uses a system of codes to detail where a transfer is coming from, where it’s going, and how it’ll to get there. These strings of alphanumeric identifiers comprise an institution code, a country code, a location code, and a branch code. So in that way, it’s not dissimilar to the U.S. routing number system.

It’s worth reiterating that, because SWIFT doesn’t actually send money, institutions that use the network also need banking relationship to move funds. Each financial institution will have a dedicated SWIFT interface (in other words, a computer-based terminal) on-premises. Most banks set up their SWIFT systems so that they’re isolated from the rest of their networks. (Though, again, as we’ll cover later, not all do.)

Users can log in to these terminals to manually enter messages. Messages can also be auto-generated by the institution’s computer system and passed on to the terminal. The terminal then sends the SWIFT message to the regional processors in the sender’s country. The terminals only connect with processors through leased line, dial up, or public data network connections. 

From there, the regional processor checks, stores, and forwards the data to its operating center, which passes the message on to the processor in the recipient’s country. That processor delivers the message to the receiver’s terminal, and then sends confirmation. Officials at the respective financial institutions are supposed to audit these to prevent fraud.

As indicated above, actually transferring funds internationally is a bank matter. Say two customers of the same bank are located in two different countries and want to transfer funds. The customer in country A will ask the bank to transfer funds to the customer in country B. Branch A will then tell its counterpart what to do via SWIFT. And then it’ll wire the funds and make the required book entries in its accounting system. That’s it. But it’s usually more complicated than that, and it often involves more financial institutions.

For example, if one financial institution doesn’t even have a branch in the beneficiary’s country, it might need to loop other institutions—in this context, called correspondent banks—to complete the transaction. If both banks (conveniently!) maintain accounts at a third institution, they might use that third bank to expedite things. They’d identify the relationship, send a secure message over SWIFT between the banks, and do a book transfer.

CIPS, also publicly available information:

One has to first understand the CIPS initiative before looking into how it works. The Cross-border Inter-bank Payments system is designed to facilitate financial transactions between different countries. To be more specific, the entire network settles cross-border RMB (Chinese currency) payments and trade for all of its partners. This means China is taking center-stage as far as this payments platform is concerned.

The development of CIPS dates back all the way to several years ago. After a few years of development, the first phase of CIPS was introduced to the rest of the world. The project gained immediate support from 19 Chinese and foreign banks, as well as 176 indirect participants across 6 different countries. At that time, some people saw it as a way for Russia and China to develop a payment system that could rival with SWIFT.

However, it appears that is not necessarily the goal, as CIPS signed a Memorandum of Understanding with SWIFT in 2016. To be more specific, SWIFT would be used as a secure and efficient communication tool for CIPS’s connection with established members. In a way, this is meant to allow cross-platform compatibility between different payment networks, as there is no reason to think CIPS wants to directly compete with SWIFT in the West.

It is also worth mentioning CIPS is not designed to facilitate funds transfer, as it is designed to send payment orders to be settled by correspondent accounts (keep this in mind every time you read someone talking about CIPS transferring money). This means partners of CIPS must have a banking relationship by either being a bank themselves or affiliating with an existing financial institution. It is not open to just anyone by any means, yet it aims to speed up cross-border payments by quite a margin. Or that is how it was supposed to go until things came to a change back in 2015.

To put this latter part into perspective, the CIPS protocol serves as a cross-border yuan trade deal tool instead of a network designed to facilitate capital-related transfers. Providing a unified network for settling deals in yuan sounds great on paper, yet the idea has suffered some setbacks in the past few years. The 2015 Chinese stock market crash has not helped matters either.

CIPS v SWIFT is about clearing – not investment money and it has no impact upon parking (i.e., storing or safekeeping) money. CIPS platforms which functions for the RMB, the same way SWIFT does for the dollar. Yet unlike the way SWIFT charges for swaps when nations have to use the dollar as a middleman since it still reigns as the world's singular reserve currency, CIPS allows for much lower transaction fees and the convenience of bypassing the U.S. currency through direct bi-lateral currency settlement. This doesn't mean CIPS actually transfers the money, it simply works more closely with the "member" institutions which effect the actual transfer.

"Direct bi-lateral currency settlement" simply means that an order for a transfer goes directly from the requesting bank to the paying bank instead of going though various "correspondent" banks to exchange money, convert currency, etc. It's naturally quicker and less costly. The characterizations as "kind of like SWIFT on steroids" is misleading as though the real difference is other than direct bi-lateral currency settlement. The technological advantages, if any, are due to CIPS being invented and implemented more recently and thus are using current technology. But, that fact also misleads because the SWIFT system, while comparatively aged, is constantly upgrading and has the same tech available to that system as CIPS.

This is a decent illustration on how the CIPS system was designed to work:

Alright, now armed with a little information, perhaps the "mystical" aspect of CIPS can be put aside and an honest look taken at how the world can get heretofore unknown riches infused. Remember, this is not even talking about the implications of such an unspeakably massive infusion of funds into the world's financial structures. That's another story and debate.

Blockchain technologies? At its core, this is merely technology for thousands or even millions of computers across the planet to jointly manage the database that records transactions of cryptocurrencies or bank account balances. The primary point of security is that no single person or bank controls what "written" on someone's (or everyone's) bank account balance sheet. This easily translates into transferring funds between institutions/banks.

fireswain does what techs do, they talk about lots of very real and truthful stuff but at a level of relevance interesting only to those who code the program or diagram it out for planning and functionality. How great it would be if we each acknowledged our respective expertise! I am not a computer expert despite building lots of small networks and countless small business computer towers as a hobbie. All it takes is a little reading. The above is a simple and excellent example of what's available for anyone to get to know that cares to. 

The seemingly mysterious and convoluted process described by fireswain is actually a decent explanation from "down in the weeds" with about 400% more detail than functionally necessary to describe what "Kim" or anyone needs to do to transfer massive funds. The dinarland shorthand for so many things has created confusion and a needlessly "mystical" feeling to this very real and very manageable banking action. Of course, not everyone will know and understand it. Not everyone has "hundreds of quintillions of dollars" to divvy up to the world, but it IS just a step by step banking procedure that, on a MUCH smaller scale, I've done done myself.

So come on.... there's been no "gotcha" moment or facts which can in any rational way be used to discredit "Kim". Be clear, I am not an apologist for "Kim". I've sought to speak with her and been blocked in just about every practical way by Tank and his blog lieutenant. So, I'm not "buddies" with her and covering her here. I just don't like the "piling on" by use of either cool tech talk or just basic character assassination. What she has said just rings true if you weren't looking for a whitepaper on the deep tech CIPS uses or the procedural manual for every conceivable transaction "Kim" might initiate. How silly.

How about a decent and honest conversation. The one-ups-manship is unprofessional and certainly not fitting to people who might end up trillionaires.

One last point about the dismissal and discarding of "Kim". Much was said about "what we've been told" and "the way they explained things are". Has anyone thought that maybe, just maybe, about as much of was told to us about "the way things are" as have been true of the "800#" releases? In other words, it's at least as likely as not that the foundation against which you have recently measured the "truth" or "accuracy" or "reliability" of "Kim" is simply false (no matter how well sold to us or how long browbeaten into us as a currency community by gurus who have come and failed and gone).

Stubbornly grounded,

I am,


TNT Dinar Call w/Tony & Ray "New Rates"


(Notes by Adept1) 

TNT Call 26-January-2018

Replay: 641.715.0623, PIN CODE 409029#


RayRen: Good afternoon, TNT super-fantastic family! This is Fantabulous Friday, January 26, 2018, with yours truly RayRat98 here along with Tony. We won’t keep you long because we know it’s Friday and everyone’s ready to bust loose. We don’t have any great new developments since Wednesday, so what will we discuss? 

Tony: I think we can say something about the rates…

RayRen: We did get some new information on rates. Now $4.87 is the dinar rate being seen on the screens.

Tony: We got that this morning, in the US, from one bank, and we are trying to confirm that. The same bank, different branch, is saying they aren’t seeing ANY rates on their screens. So you’ll have to check with your own bank. We don’t usually share rates until we hear it from global traders, but these guys are usually good with their intel.

For those who have been following all along, we said $3.71 at one point, and it took everyone else a few days or weeks to catch up and confirm it. We said the lower denominations were at the bank last week, and now everyone’s seeing them, and they are explaining the 1s, 5s, and 10s on Iraqi television. So we are all on the same part for that. For years I said the rate would be 1:1 in Iraq – that is their rate, not our rate. Iraq has done all they can do for us: they put the new rate on all the cards and been paying people at better rates. Our sources in Iraq say that it will be a slow rollout and then it will pop. They have put out a schedule of when people will get paid at the new rate, which today we are told is $4.87. Now another guru is saying that Iraq is doing a slow rollout, just like I explained to you. They are also saying this will happen in January. Our top guys in Iraq are all being told this is going Thursday and Friday this week; we said that at the beginning of the week. Now, they have switched days, but it is still this month!

What I really love is that the other gurus are all saying that it is coming this month, for the same reason I said: so that when people are paid on the 1. February, and with corporations giving out bonuses, this is the perfect time to hide an RV as people are spending more money. That boost to the economy will be put down to the new tax law, rather than an RV. We were being told tonight after the markets close; now we are being told Monday, but that’s good as well, so long as it’s this month.

So everyone else is now getting the same information on rates and process, for the same reasons. That tells me that we are right on schedule, and that’s what our sources say as well. I don’t know what the schedule is, but I’m happy that we are right on schedule.

Questions from the TNT forum

Q: Tony mentioned that the rate shown right (as per Wednesday call) now is $4.07 and this event will be a taxable event. The taxes (15%) will come off the top. To clarify, the tax of 15% (or whatever the rate might be) will be taken off the $4.07 and the payout rate will be $3.46. Is this scenario correct?
[Tony: No.]
Or is the $4.07 the net rate which has the taxes taken off already?
A: The 4.07 is the ‘sell rate’, at which the bank sells to you; that is, it’s the rate AFTER the tax has been taken off. The buy rate might be a little bit less. However, the taxes come off before we even see the rate, so effectively $4.07 is the net rate… or now we are hearing $4.87 after the tax has been taken off.

Q: Do you know if the exchange centers (and/or banks) will be able to give us some type of documentation during our exchange that can be given to us, for the purpose of giving it to our CPAs and Financial Teams explaining that our newfound wealth was arrived via an event where the government has already taxed it? I would really like something in writing that I can give to them. Having to assume that all CPA’s and Tax Professionals are up to date on this tax event is liking talking to various banks about the dinar a year ago…it’s is risky at best.
A: I don’t know what the bank plans to do, or why they would do it – it’s not the bank’s concern. It’s up to the IRS to pronounce on that.

Q: Any update for the pictures coming out of the new lower denominations?
A: It says there are on the billboards and television in Iraq, but we haven’t received any yet. One of our sources spoke of sending them to us, but is not comfortable. Three banks have shown the lower denominations to their people, but not released them yet. They did do a training session on Wednesday on Iraqi television. I will ask that question.

Q: when we get the #800 number all the people that we given small amounts of currency to, do we give them the number or direct them to the bank for exchange?
A: I would give them the 800 numbers and let the banks deal with it.

Q: Could you please clarify something for me? It is my understanding now, the currencies have been “pretaxed” and that this will be a nontaxable event for us. Does that extend to the Zim, Dong and other currencies or just to the Dinar?
Tony: We are doing exchanges through the banks, and that is pre-taxed. Groups are ‘purchasing’ through China, so their situation might be different. We’ll have to wait and see.

Q: It was said on Wednesday call that the banks will be in charged of the 25-year pay out. Is there any guarantee that the bank will not fold and take our money?
Tony: I don’t know who will guarantee the money because I don’t know what the contract says. You’ll have to look at that, maybe with an attorney. If we keep going the way we were going, eventually that would explode. Some poor countries would never catch up. By restarting the global economy, that gives less-developed countries the chance to catch up, based on their actual assets. Somewhere that plan has to start; it will take years to get to where they want to end up, but this is the start.

Q: in the past you told us to wait before we jump into the market to invest because of volatility (six months). In light of all the business coming back into the country and the repatriation of oversees dollars, is this still your position?
Tony: I don’t have a lot of faith in countries coming back, but that’s just my opinion. I do think the new tax plan will help us as the new 1% and help corporations, not so much for individuals. It’s great that companies are giving out bonuses, but every one of them is also shutting down locations and businesses. So “I’m give everyone a bonus, but by Monday you’ll be out of a job.” So maybe they are giving out bonuses to people they are still employing, but really that puts the money back in their own pockets. It’s just playing with numbers. Sure, there might be some opportunities, but the same ones that were available before. I don’t believe in investing in existing industries; the real opportunities are in new, upcoming industries, so that I can ride the wave with them going us. I know everyone is crazy about BitCoin, but that was always a Ponzi scheme to me. Those who got into BTC at $10, when it went up to $10,000, they are now ecstatic. However, those who got in at 10K, and then it went up to $20K… then it fell down to 10K, and it is projected to go back down to $2K. Will it go back up to 20K? Probably not. Also, when BTC first came out, it was the only one. Now there are seven countries doing their own version of BitCoin, and we’ll find out about that in May. Other countries are outlawing BitCoin. So these other established companies say they are coming back to the US? Well, I’m looking for new companies and new opportunities.

Q: Since you have focused on trusts, is there any value in having a trust in place before the exchange?
RR: If you already had one, yes. I wouldn’t do it just for the exchange. You can create one afterwards.

Q: I am concerned about the lower denominations. Remember hearing several times that ATM’s were loaded and or unloaded with lower denominations and even fills were minted. Now recent report that banks are seeing lower denominations on hand but not released. Have you seen a picture of them? Do they really exist?
A: Yes.

Q: You have often said you would challenge the legality of any “requirement” to do a structured payout? According to your sources on the Zimbabwe, will it be a legal requirement? If not, who is putting that in place?? RR: I don’t have enough information on that so far.
Tony: If that is the procedure they set up, then it’s in the rules. You can challenge it, but I wouldn’t want to spend 25 years in court rather than spending my money.

Q: If I have a basic trust I exchange into and then set up another trust and transfer money to it, does this make it a taxable event?
A: Yes, unless the first trust is the grantor to the second trust. 

Q: A long time ago it was said that we should be able to prove where we bought our currency. Is this still true when we go in to do our exchange? Or does it matter?
A: Nobody has said anything about that recently, but long time ago they wanted a letter for the background check. I would have proof, such as receipts or a gift letter; better safe than story.

Q: If I after I personally exchange my currencies (I assume that I might personally pay any taxes that would be due) and then after that I create an irrevocable trust (because I didn’t have the money before the RV/RI) , and then assign/gift that trust with my currency money, does the assignment of that money into the trust create a taxable event so that I then would be paying double taxes?
RR: What I’ve been told is that the first 500 million will not be taxed, and if it’s over that, you need to take advice. Tony: Is it limited to 50 million? Really?
RR: That’s what some professional folks have told us. 

Q: Which is it for the Zim: remove six zeros and multiply by .147? Or multiply the face amount by .000000147?
Tony: That is the same rate, and 100 Trillion comes out at $14.7 million dollars.

Q: Is there a contract rate for the Zim like the dong and dinar?
Tony: I have been told that there IS a contract rate for the Zim, but you have to have a humanitarian project in Zimbabwe with a partner over there. The rate would be $2, and it would still be an 80/20 deal. The people who told me this were listening to the call when I explained it a few weeks ago, and they said I explained it well. The bank will assign you a partner, or you could find your own. It has to be approved, so check when you go to the bank.

Q: How will the NDA work for husband and wife, if one is in the hospital?
Tony: We wouldn’t know, but the bank will have some way of working that out.

Q: if our total amount of money exchanged equals less than the cap of the 500 million (dollars worth), do we get to keep our money without any time period pay out?
Tony: That cap is ONLY for the ZIM, and below that amount, you get to keep it all anyway.

Questions from live callers

Tony: How does 404 get in as the first caller every time??

865/404: I call in early. It may be an hour or so, and I listen to the music as I get on with my other tasks. So they have been tweaking the rates on dinar; have they been doing something similar with the rates for the other currencies?

Tony: I don’t know because we’ve only been asking about the dinar. I know dong has been static, but they expect that one to climb higher when it opens. I expect that all the currencies will go up on Forex.

Caller: When will the slow rollout been complete?

Tony: It takes four days for Iraq to get from the top level to the street guys. It’s rolling out and they raise up the levels every time they pay someone. It is also viral, starting in the middle and spreading out throughout the city, the province, and the country. It also depends on the type of person, like veterans, teachers, doctors, etc. Finally it gets to the government people. We want everything to switch over at the same moment, but their system isn’t finished. They are still putting up banks and ATMs, and switching this one, then that one. That’s why their intel might not seem to match ours, because it hasn’t got down to that level yet. However, on Monday, the rest should change on the same time.

Caller: Have you had any feedback on what they are saying in the mosques?

Tony: I haven’t heard from Iraq today, and typically Friday is a bad day for intel until after the sun goes down. That is why we haven’t been able to verify the rate over there yet.

423 caller: Several years ago, you said that it would make a difference whether you said IQN or IQD.

Tony: It never hurts to use the right code, which is supposed to be IQN – N for NEW.

Caller: You also said it would be tied to pound sterling.

Tony: There is a basket of currencies that it will be tied to. That’ won’t make a difference to the rate in the US – it will still be in dollars.

Caller: My husband is going away for two weeks; will that leave us in a bad spot if it goes up on Forex and then drops? Or will it be good for us in terms of Forex?

Tony: I don’t know. As it was explained to me, there is a certainly number they want to hit every day, and then they have a formula to cut it off so that it doesn’t run away. Then there is a number they want it to max out at. I think that will be over a ten-day period of time based on the formula I was given. Once it starts going down, everyone will sell, and it will drop quickly.

Caller: Do you think it will happen this weekend? Or not?

Tony: Friday afternoon or the weekend has always made sense to me, but what I’ve been told is outside my traditional window. If they do what they said, it’s not tonight. But who knows, really? Maybe they just want me to say that on the call. It’s still this month.

601 caller: Did I understand you to say that the 100 trillion Zim notes would be worth 20 million dollars?

RayRen: Based on the last rate we were given, 100 trillion Zim = $14,700,000. 

Caller: I have a relative who has some medical issues. I know there is a cap on a gift of $15,000 per year. If I set up a trust or a bank account with 100K in it, that they could draw on, would that work? 

RayRen: Why don’t you wait until this happens and see what works then?

Tony: You want to have a joint checking account that they can draw on? I don’t see why that wouldn’t work. You can set up a joint account with anyone. Make sure it is set up so that someone who is on welfare or benefits doesn’t lose their benefits. You can always check right now with an attorney or with your local Legal Aid to see what would work best. They are qualified to give you that kind of advice; I’m not a qualified adviser.

RayRen: Or you could just pay the bill! [The gift tax only applies to gift of money; you can pay someone else’s medical or educational bills without gift taxes.]

386 caller: So, are six zeros coming off the trillions AND billions of Zim?

RayRen: They are not taking any zeros off; the Zim denomoniations are exchangeable at .000000147, as we understand it. There are eight notes they will be accepting initially: 
50 and 100 trillionnotes 
50 and 100 billionnotes 
50 and 100 millionnotes 
50 and 100 thousandnotes 

Next caller: I have eight grandchildren (ages 2 to 25) and I have set aside a 100 trillion for each of them. I don’t want to give them to them directly because I want them to work and such. I want to open an account for each of them separately, such that they cannot touch it until they reach a certain age.

Tony: So open a trust for each of them, and set each one up so that they can only draw from the trust on whatever terms you want.

RayRen: That works better for me. Don’t make them beneficiaries, though, because otherwise you make them owners.

AK caller: Did I hear Tony say that if you have more than 200 million, you should go to a tier 2 bank? And where can I get higher rates of interest? Should I got to a larger city?

Tony: Tier 1 banks will be able to handle higher amounts than tier 2 banks. You can negotiate with any bank to get higher rates, if you leave more money there. When you call the 800 number, and tell them what you have, they can tell you the best place to go that can handle that amount; you can negotiate from there.

Caller: If I were to exchange just a small amount to deal with immediate concerns would there be any problem doing that first and then exchanging the rest later?

Tony: There isn’t a problem, but there is time limit on contract rates, and also a limited tie for the rates to go up and down on Forex. They will be offering those special rates and perks for a limited period too. If you have enough to get those perks anyway, that’s not an issue for you. But what could be an issue is getting an appointment at the moment that you want to exchange, if others are using the 800 numbers to set up appointments. Only you can decide how to handle those parameters.

Caller: I don’t know if I want to go for the contract rates if the NDA and contract is so long and involved.

RayRen: What would you do with that small amount of money? If your bills and family members have been in a bind this long, another week or two won’t make much difference. Let’s say you exchange a 25K note on Monday @ $4 and on Friday it’s jumped to $8. That’s double the amount, and could bring in double the income further down the road. If your needs are that immediate, you would have dealt with it already. If you really that pressing an amount, I’d borrow that money for a month at a rate of interest, rather than missing this opportunity. By the time you have to repay the loan you will have exchanged, you haven’t lost anything. Really you have got free money for 30 days. Regardless of your credit rating, if the bank realizes you don’t need the money, you will probably get it. 

Closing Statement

Tony: Summing up the week, we are not looking for the RV tonight. But I love this week for all the information we got. I know it’s in January, and Friday night makes sense because the banks would have three days to exchange people before this hits Forex. They were supposed to get everyone through in ten days. Monday is reconciliation day for banks, so Tuesday is really the first banking day, and then on Wednesday people start buying things. That makes some kind of sense to me. I love the fact that we have three different bankers in Iraq showing the lower denominations and saying “it was always scheduled for this month”. So I thought it was a great week, with the $3.71 on the cards, with information from the CBI that it would be a slow rollout and then just pop. Now we’re hearing $4.07, then $4.87, and training for lower denominations on Iraqi television. I’m relaxed. If it happens tonight or tomorrow, that would also be great, although that is not what we are being told.

RayRen: If any new intel shows up, we will send it out. Until then, keep believing…

RayRen played I Believe: https://www.youtube.com/watch?v=9DYrqOUKLtA

NEWS: Zimbabwe’s trillion-dollar note: from worthless paper to hot investment, 27 JAN

What’s been one of the best-performing investments of the past seven years? Shares in Facebook? London property? Bitcoin? Up there with the best, believe it or not, are Zimbabwean 100 trillion dollar notes.

A trillion, by the way, is a million million. There are 12 zeros in a trillion. Add another two to reach the total on the Zimbabwean 100 trillion dollar bill, the note with the most zeroes of any legal tender in all recorded history.

The bills circulated for a few months in 2009 at the zenith – or, more precisely, the nadir – of one of the most terrible instances of hyperinflation in history, before Harare finally abandoned the Zimbabwean dollar in favour of the South African rand, the US dollar and several other foreign currencies.
​At one stage a hundred trillion dollar note would not even cover a bus fare. You needed a bale of notes just to buy a few household essentials. However, it’s thought that only a few million of them were ever printed.

I remember buying one on eBay. It is on the wall in my office. John Wolstencroft, a private investor, bought a batch of them to give away. “I always found they were a good conversation starter,” he says.

In 2010-11, Wolstencroft was living in New Zealand where he joined an investment club, made up mostly of locals and US expats. At the time, the great central banking experiment of quantitative easing and a 0% interest rate policy was making a lot of people nervous.

He brought a handful of the Zimbabwean notes along to his first meeting to give out as a way of saying thank you for letting him join the club, but there were more people there than he was expecting.

“I didn’t have enough notes to go round,” he says. “People started offering me money for them. I tried to explain they were just a gift, but they just upped their offer. I realised then these notes were going to become a collector’s item.”

Wolstencroft went away and bought several hundred more notes. The price had already risen since his first purchase; they were £1.50 each. He gave some out to members of the club, as promised, and kept the rest. When he returned to Britain he gave some to a financial company he works with.

“One of the independent financial advisers used to give the notes out to prospective clients to show why they should invest away from cash in a diverse range of assets, such as real estate, gold, stocks and shares,” he says. “Over the long term, cash loses its value.”

Wolstencroft wasn’t alone in seeing the potential of trillion dollar notes. The Wall Street Journal reported in 2011 that David Laties, owner of the Educational Coin Company in New York, had speculated about $150,000 (£104,000) importing the notes from Zimbabwe, sensing they would become “the best notes ever”.

Frank Templeton, a retired Wall Street equities trader, bought “quintillions of Zimbabwe dollars” (that’s thousands of trillions) for between $1 and $2 each, via a broker from the Zimbabwe central bank. He would then sell them on for several times the price.

Vishal Wolstencroft, John’s 12-year-old son, noticed late last year that these same 100 trillion dollar notes were now changing hands on eBay for as much as £40 each. He talked his father into a joint venture. Vishal is responsible for the listing, photographs, posting, packing and advertising, while father John supplies the goods. Their profits are shared 50:50. Business is good.

According to Vishal, it’s quite a step up from his previous venture selling old toys at a local market stall. Most 100 trillion dollar notes fetch close to £20-£25 on eBay, but set against the £1.50 paid by Wolstencroft in 2011 it is a striking return. In percentage terms, it is – close to 1,500%, compared with the miserable 5% rise in the FTSE 100 over the same period.

In an extraordinary irony, the 100 trillion dollar note – a symbol of financial mismanagement on a colossal scale – has turned into one of the best-performing asset classes of recent years.

When the Zimbabwean dollar first came into existence in 1980 it had a similar value to the US dollar, writes Patrick Collinson. But by 2009, $1 was worth Z$2,621,984,228, 675,650,147,435,579,309,984,228. The Bank of England worries if inflation in the UK goes over 2% a year; in Zimbabwe it hit 79.6 billion per cent.

The country’s central bank could not even afford the paper on which to print its worthless trillion-dollar notes. President Mugabe issued edicts to ban price rises, of comedic value were it not for the devastation that hyperinflation wrought upon the people.  
​The miserably low savings and incomes of the impoverished population were wiped out; shopkeepers would frequently double prices between the morning and afternoon, leaving workers’ pay almost valueless by the end of the day.

In 2009 the government scrapped the currency, leaving US dollars and South African rand as the main notes and coins in circulation. To this day, Zimbabwe still has no currency of its own, although the government last year offered to swap old deposit accounts into US dollars, giving savers $5 for each 175 quadrillion (175,000,000,000,000,000) Zimbabwean dollars.

In an extraordinary irony, Zimbabwe now suffers among the world’s worst deflation, currently at -2.3%.



blackgold: Baghdad, November 8, 2017- The newly released Doing Business Report 2018 titled Reforming to Create Jobs finds that Iraq has implemented in 2016/17 substantive changes in the local regulatory framework in two main areas: Starting a Business and Getting credit.

blackgold: In fact, starting a business in Iraq has become easier by combining multiple registration procedures and reducing the time to register a company. Entrepreneurs are no longer required to register separately with the tax authority.
Furthermore, the time required to register a company has declined due to an increase in resources at the registry, and an improvement of the online registration system.

blackgold: wish we could do that
blackgold: by the time you get a business started in the US, the product is obsolete

Spectra: true

blackgold: i'd like to get one if I can afford one
blackgold: gold coin

Spectra: me too

blackgold: one minute i hear Iraq is doing good then I hear they are doing bad. Wish they would make up their minds

Spectra: i know

Baxter: Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: So, are you saying then, that you anticipate using the dinar soon for paying foreign debts also?

A: Yes, soon we will de-pegged from the de facto peg on the US dollar and move to a basket of global currencies for our valuation. This will allow a gradual float of the currency on the open trading markets. There are strict IMF guidelines for this effort and we are working closely with them and the World Bank to implement.

Baxter: ;$$$

BREW: @Baxter , HERE'S SOME MORE BS........ RV/INTELLIGENCE ALERT - January 26, 2018 The activation of the new financial system was (supposedly) announced to all world leaders at Davos (through back door meetings).

This announcement informed world leaders that the Cabal's rule over this domain has ended. World leaders must now fully comply with the Alliance or suffer the same fate as the Cabal.

The Alliance are now on high alert with the upcoming Super Bowl. The Super Bowl has always been the perfect target for a Cabal orchestrated false flag attack.


Brow: Heard on FOX NEWS a Couple of Nights ago that our Government has been Displacing Immigrants Chain migration around the USA that would Fell the State of Washington in a Month-Wow-Wonder who is paying for that?


Brow: @BREW - Funny that SS is alway's going Broke But Well Fare never Does

Brow: @BREW - Ex president Fox of Mexico said that USA Needs the 35million Illegal Mexicans HERE in the USA to Help US on Fox News(Hannity)-I Thought there was only 10 or 12million Illegals said to be Here! Some say there is over 50+ million

Brow: With over 100million Americans out Of Work-Cheap Labor I Guess-Slaves to the Elites & Corporations

Baxter: well... on Fox news the other night... they were discussing a new law that was passed in CALIFORNIA... that will allow illegal aliens to vote... illegal aliens can already get a legal california drivers license...

blackgold: Like i said, there are two countries in the United States

Tebow: and what 2 countries would they be

blackgold: thats the problem

Tebow: California may give them but DC will have the final say as to if the count in National elections.

blackgold: hope so

Tebow: Other states will sue in fed courts allowing non-citizen criminals to vote. California will be null and void.

blackgold: I haven't heard anybody say that, but I hope its true

Tebow: California doesn't make Federal election laws.

blackgold: they things I see happening in elections, it seems like we don't have any laws
blackgold: i can't believe they are still bashing PRESIDENT Trump

Tebow: they lost and can't accept it.

blackgold: That is an under statement

blackgold: Iraq plans to use drones to monitor and protect its oil export and production pipelines from the first quarter of 2018, an oil ministry spokesman said on Monday.

Oil Minister Jabar al-Luaibi has asked the ministry to seek out professional security companies that can supply Iraq with drones and sophisticated camera systems to protect its pipelines, spokesman Asim Jihad said.

Luaibi last week announced plans to build a network of pipelines which will carry crude oil and refined products across all its territory, as an alternative to expensive and hazardous transport by tanker trucks.

The use of drones to monitor pipelines is common in advanced energy producing countries but a new step for Iraq which has seen attacks from insurgents on pipelines since the 2003 U.S.-led invasion which toppled Saddam Hussein.

“We will use drones and advanced surveillance systems to protect oil pipelines from any attacks or deliberate sabotage acts. The minister ordered the use of the drone system as of the first quarter of the coming year,” Jihad told reporters.

The only international crude pipeline now in operation in Iraq links the northern, semi-autonomous Kurdish region to Turkey’s Mediterranean coast. 
Baxter: From what I have been reading.. Abadi left the conference with his tail between his legs... He certainly didnt get the money support he was hoping for.. maybe thats a good thing..

spankie: how could he get a lil fraction of what he needs- most countries are broke
spankie: it is now or never to reval the dinar- needs 100 bil to rebuild iraq-

spankie: if this is real it should happen , if bs then we will be here 10 yrs from now -

Baxter: Oh.. its real... Mtn Goat says so...

foxmulder: @Baxter at some point he has to accept they cant borrow their outta economic trouble

Baxter: Yep.. that time has arrived



Salamon69:  Everything this week has been calculated and every move intentional.  For me that really started on 1/22 when we got article #1 and they the mysterious currency as background on the cbi.  THIS Whole process as Frank has said is a MASTERPIECE!!!


Chicano:  It's hard to contain the smile on my face!!!  So the next OBVIOUS  question is............. tick tock tick tock

AnotherMailman:  Awesome! I think the articles said that the Kurdistan teachers get paid this Sunday. 1-1 has a nice ring to it.

HbHockyDad:  Hey Frankie what do you think of Deltas news tonight. Pretty exciting yeah 
Frank26:  I THINK IT IS ........ INVIGORATING  !!!


(Example: ) Dear Xchange of America customer:

For the foreseeable future we are going to see a very volatile Iraqi Dinar market due to a system wide shortage. Currently, XOA is the only place we know of in America or abroad who has 50K notes in stock and possesses the ability to obtain the notes consistently. Pricing will be volatile; however, you can place your order over the phone or online today.

If you want a cost-effective alternative solution to your buying needs, we suggest purchasing circulated currency. As we buy and sell with some of the world’s largest financial institutions this is all they will buy.

We will run a special price of $950 / million with FREE SHIPPING. Use promo code Circulated when ordering.

We want to wish everyone a very healthy and happy 2018 and will keep you updated as the market continues to change.

Sincerely,    Robert M. Hoffman, Jr.
Chairman / CEO

StephenMa63:  That settles it....DinarLand is just repeating everything you say.....so..........go ahead and Push that button Frank......they can copy and paste all they want afterwards

DogLuvr: Saturday into Sunday

Don961:  1 article to go


Samson: Rafidain announced the use of new technology in the grant of three million dinars to retirees

 26th January, 2018

Al-Rafidain Bank announced on Saturday that it used a modern technology to adopt the retiree's fingerprint in granting the advance instead of the guarantor.

The bank said in a press statement received by "Economy News", "The deduction of the amount of the advance of retirees of three million dinars is through the receipt of the retiree monthly salary by electronic payment tools."

He pointed out that "the use of this modern technology to adopt the fingerprint of the retiree in granting the advance instead of the sponsor," noting that "the implementation of this electronic mechanism and not manually, has led to a breakthrough quality and modern development and reduced the risk in the work of the bank    LINK


Samson:  Is the world witnessing a global trade war ?

 27th January, 2018 by Ihab Ali MPs

US Treasury Secretary Stephen Menuchin's comments, which are supportive of a weak dollar and largely contradictory to traditional American principles, have surprised financial markets and led to a fall in the dollar's price.

Menuchin, at the World Economic Forum in Davos, blew up a speech that Washington has been repeating for decades and confirms, as former Treasury Secretary Bill Clinton once said, "a strong dollar serves the interests of the United States."

But Menuchin said the opposite. He said a "weaker dollar" would be "better" for the country because it stimulated "trade and employment". Menuchin sought to clarify his remarks. "I think my comments on the dollar were clear. We are not worried about the dollar's position on the market in the short term. It's a very volatile market."

The former banker in the Goldman Sachs group said he believed in "freedom of exchange and that there were pros and cons to the dollar's position in the short term, so I thought it was clear." He said the dollar would over time "reflect the long-term strength of the US economy" "The idea that a weak dollar would allow the strengthening of the competitiveness of US exports and raise the prices of imported goods would reduce them and thus reduce the US trade deficit is one of the goals of President Donald Trump.
In the midst of these remarks, the dollar lost 1 percent of its value and pushed the euro to its highest level in more than three years. By taking this position, Menuchin appears to be an additional weapon in the trade war waged by Washington, which wants to promote the "America First" principle.

The exchange rate of the dollar is relatively stable in European markets after falling on the impact of comments by Menuchin. "It is part of the trade war to a certain extent," said Joseph Gagnon, economist at the International Institute of Economics.

 "The strong dollar has been very damaging and this situation has been going on for a very long time," the economist said, stressing that Europe, especially Germany, had benefited from this currency differential to increase its trade surplus with the United States.

He admits that the US currency at higher interest rates in the European Union and a more advanced economic cycle justifies the dollar to be slightly stronger than the euro. "But when the euro fell to $ 1.09 it became very weak,

I think with the interest rate and a similar economic cycle, the euro should be 1.50," he said. Given the size of the reaction in the exchange markets - the exchange rate of the euro exceeded 1,2415 in New York - US Commerce Secretary Wilbur Ross sought to calm concern. "He did not expect anything," he said, adding: "It was simply not the biggest problem we are currently dealing with." The White House also did not express a clear position on Menuchin's comments.

"This could lead to a race for lower currency rates because everyone wants a currency that is more competitive than the dollar or a trading partner," said Greg Daco, chief economist at Oxford Economics in the United States. Some emerging countries and China, for example, could allow the devaluation of their currency to maintain their trade competitiveness.

He spoke of the euro zone that "can choose the least troublesome means and delay the increase in interest" which will in turn lead to a rise in the euro. Others also stress that a weak dollar could reduce the trade deficit but also pose a risk of inflation. Prices of imported goods become the biggest accelerating inflation, which in turn can frustrate consumers and lead to a slowdown in spending, which is the engine of the American economy. "We have to keep this in mind when we talk about a weaker dollar," Dako said.   LINK