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Stephen
Stephen – Dinar Guru Get your butt to the bank once the dinar revalues. You’re not going to a “special redemption center” that’s going to open up. There are no 800 numbers. There is no special tiers of investors who are going to … Continue reading
Clare
Clare – Dinar Guru Article: “The Kurdistan Regional Government has decided to immediately close all Forex companies and ban the trading of digital currencies” Quote: “Compliance with Baghdad and Central Bank decisions: These procedures are based on official instructions issued by the … Continue reading
Sandy Ingram
Sandy Ingram – Dinar Guru I have not found an official central bank decree approving the deletion of the zeros. We do not have an official implementation date. We do not have an official adopted 1000 to 1 conversion ratio. We do not … Continue reading
Samson
Samson – Dinar Guru Article: “AFTER TWO DECADES OF STAGNATION, THE OIL AND GAS LAW HAS A CHANCE TO BE RESOLVED“
Jeff
Jeff – Dinar Guru They’re now ready to send the Oil and Gas law to parliament for approval. This thing’s waited to clear since 2005/07 for the rate to have changed to do this. It’s all coming together now at the same … Continue reading
Stephen
Stephen – Dinar Guru The reason why the dinar has such the potential it does to be a truly life transforming wealth event is because of the negativity surrounding it…There’s a reason why people think dinar investors are nuts…If this investment didn’t have … Continue reading
Mountain Goat
Mountain Goat – Dinar Guru Article: “SMALL BANKNOTE SHORTAGE CAUSES DAILY DISRUPTION IN KIRKUK MARKETS” As this liquidity crisis worsens, the pressure builds to do something and do it soon…remember conducting this project of removing the zeros also means moving to FOREX … Continue reading
Jeff
Jeff – Dinar Guru Question: “What is the argument against a managed float?” It can’t float. The budget is calculated off of a fixed currency value. That’s the reason it can’t float. If the value of the currency was to change by 20% or … Continue reading
Stephen
Stephen -Dinar Guru I’ve been holding on for 15 years and I can finally see the light at the end of the tunnel. There’s a lot getting done. The last 6 months have been absolutely revolutionary. We are in a period of … Continue reading
David
David – Dinar Guru The sovereignty of Iraq comes down to one simple thing – control over their social order and peace in their country. No one wants to handle their business on a day-to-day basis…The United States and the rest of the … Continue reading
Militia Man
Militia Man – Dinar Guru A REER adjustment is a managed change in what the dinar is really worth against the currencies Iraq trades with…It’s not printing [additional notes]. It’s not knocking zeros off a note. It’s not a lottery ticket…The … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru [Iraq’s] Cabinet amended its own Decision 348 to authorize the Oil Ministry to sign three agreements with Chevron: an advance payment arrangement, a crude supply deal, and a technical consulting contract…Dollars now. Barrels later. Trust, in writing. … Continue reading
Sandy Ingram
Sandy Ingram – Dinar Guru Finance Committee discussions with the central banks’ governor include three subjects: printing new currency, deleting the zeros and introducing new denominations…A finance committee member reportedly said there is discussion about introducing currency denominations smaller than Iraq’s existing 250 … Continue reading
Jeff
Jeff – Dinar Guru The HCL was drafted but never sent to parliament for approval clear back in 2007 and has been pending ever since because it’s been waiting the entire time for the rate to change.
Stephen
Stephen – Dinar Guru [My contact in Iraq update] STEPHEN: Are citizens excited? Are they aware what’s going on? IRAQI CONTACT: Right now all the focus is on September 30th. That’s all the people are talking about. STEPHEN: That’s the date the US military … Continue reading
Mountain Goat
Mountain Goat – Dinar Guru …I have to say the news just keeps getting better and better…When can we expect the CBI to make a decision on their move of removing the zeros? This should happen any day now. One day you will … Continue reading
Sandy Ingram
Sandy Ingram – Dinar Guru There is no official announcement saying deleting the zeros would increase the real purchasing value of the Iraqi dinar.
Reset Intelligence
Reset Intelligence – Dinar Guru Iraq’s Parliamentary Finance Committee says it wants to print a banknote smaller than the 250-dinar note. At the official rate of 1,310 to the dollar, a 250 note is worth about 19 US cents, and anything under … Continue reading
Stephen
Stephen – Dinar Guru They’re all saying different things…You can’t always take Iraq or the CBI at face value of what they say because they constantly contradict themselves. I would expect that especially as we near any type of significant rate change or any … Continue reading
Jeff
Jeff – Dinar Guru The odds are the rate will change before you and I even know what the heck even happened…For most of us the rate would have already changed and we would have exited out before we witness what the … Continue reading
Militia Man
Militia Man – Dinar Guru Printing more dinars to cover salaries is not a rate move. It’s more local cash against the same pile of dollars. It usually means a weaker dinar and higher prices. Deleting zeros is not a richer country. … Continue reading
Sandy Ingram
Sandy Ingram – Dinar Guru The governor of the Central Bank of Iraq has now publicly addressed the issue of changing Iraq’s currency and deleting the zeros…There appears to be two separate issues being discussed. 1) According to the governor, changing the currency … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru Today the [currency] operation met its first stress test…A currency change over has one weak point. Forget the printing, paperwork and parliament. The weak point is the morning every citizen decides whether to walk toward a [bank] counter or … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru Iraq faced its first bank run of the cleanup…Depositors crowded the doors of Al-Taif Islamic Bank in Baghdad demanding their money back. One woman told reporters she has 220 million dinars locked inside, about $168,000. A second crowd … Continue reading
Stephen
Stephen – Dinar Guru Article: “Central Bank Governor: As of today there are no international sanctions on the Iraqi banking sector” Can you say internationally accepted currency, internationally traded currency!? Ding, ding, ding. This article is critical…We now have an official CBI … Continue reading
Stephen
Stephen – Dinar Guru The truth is most employees at the banks don’t have a clue…I love my brother-in-law. I’m not taking a dig at him, but he is a branch manager out of Wells Fargo, and he knows nothing about … Continue reading
Clare
Clare – Dinar Guru Article: “The Finance Committee confirms that the Central Bank intends to print new banknotes in denominations lower than 250 Iraqi dinars” Quote: “He explained that the governor differentiated between changing the currency and removing zeros. He added that … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru When the rate is live, go to the private-client side of a large institution, not a retail branch. Chase Private Client opens near $150,000 in combined balances. UBS from roughly $2 million to $5 million; JPMorgan and … Continue reading
Samson
Samson – Dinar Guru Article: “CENTRAL BANK GOVERNOR : CHANGING THE CURRENCY IS WITHIN OUR AUTHORITY, AND REMOVING ZEROS REQUIRES LEGISLATION IN PARLIAMENT”