RV/GCR Weekend Chatter

IQD RV Update with Kaperoni: "We just have to Wait"

7/15/2016 09:06:00 PM  Kaperoni, News, Thoughts, Update  
Press Release:
"Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement..."


...this report is full of what Iraq needs to do to improve it's economic and banking performance. There is no discussion about currency reform (and I would not expect it). That being said, it needs to happen and we don't know when it will. But it is good to see so much of what we said needs to happen in the SBA, ie laws, remove restrictions etc. I also like they are doing everything they can to hold the dinar at the current exchange rate (peg) during this difficult time (even though many called for the CBI to devalue the dinar).

#16 is the most important..

"16. The authorities will gradually remove remaining exchange restrictions and multiple currency practice..."

...if the CBI does this..and I say "If" (because they have not so far), it will create momentum on the economy and more importantly on the dinar to appreciate in value. This is what we want to see...an open banking system with the world, no exchange restrictions, Article VIII, etc. etc. Once that happens, Iraq will become a vary exciting place to invest and the currency will rise in value. We just have to wait for them to get their act together.

Kaperoni

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

Thanks to: http://inteldinarchronicles.blogspot.com

https://youtu.be/Kk3OcK5igpA

Dinar Deception Driven By False Hopes



John Wasik

Contributor

May 28, 2013 @ 10:56 AM

I don’t think it’s a coincidence that the Iraqi dinar features the ancient Tower of Babel.  The monument symbolizes how people can hear different languages, when the message is essentially the same.

The Iraqi dinar is still being sold to thousands of unwitting buyers. The country is still in trouble politically and economically. The currency keeps losing value to the dollar. It is not traded on any legitimate foreign exchange.

Yet it’s still being hawked as the latest get-rich-quick scheme. Hopeful buyers keep accumulating the paper, believing the oft-told tale that the Iraqi government will somehow revalue the currency in their favor, so they keep buying more of the questionable notes. There’s a better chance of finding Aladdin’s flying carpet in your local Home Depot HD +0.18% or some day seeing Facebook FB -0.36% priced as high as Google GOOG -0.19%.

Last week, the dinar’s value plunged even more against the dollar: from 1,200 to 1,300.  This development shows that the dinar’s dropping value represents hyper-inflation in the troubled country, which has been beset by more than 500 deaths due to sectarian violence in recent months.

Where does this leave you if you’re a dinar investor? It means you’re holding paper that’s worth increasingly less. If one was to consider it an asset — one that’s untraded and not listed on any real exchange — it would be like owning a rusting, undriveable car sitting in your driveway.

Last week, Adil Abdul-Mahdi, the former Iraqi vice president who resigned from his post, harshly criticized the current government’s economic policy (as reported by Al-Monitor Iraq Pulse):

“The high demand for the US dollar that we have seen for months has been widening the gap between supply and demand, at about $60 million-$70 million per day. A black market has emerged, in addition to two different exchange rates with a difference of 8%-10%.”

Why would Iraqis prefer dollars? Because their own currency is worth less and less, so their purchasing power diminishes.  That’s not only the curse of inflation, it’s a sign of an unstable economy and lack of confidence.

If you’re an investor in dinars, it would be essential to find out what the market is for selling the currency (before you buy it, which is not recommended). In a healthy market, there’s an active exchange on both sides of the trade.  There are now several dealers on the Internet willing to sell you dinars, but what will they charge to buy back the currency? My educated guess is that you won’t be able to get what you paid for them — ever.

I realize that you can probably buy hundreds of thousands of dinars for relatively few dollars. But you shouldn’t expect a payday. There’s no relationship between the value of the currency now and future appreciation. These notes may continue to devalue and the Iraqi economy and political state will suffer more strife.  There’s no reason that you should share in their economic misery.

http://www.forbes.com/sites/johnwasik/2013/05/28/dinar-deception-driven-by-false-hopes/#1b26ffef6da4

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Thanks to Nash at: http://www.dinardaily.net

What Would Have To Happen For The Iraqi Dinar To Become A Stable Investment?

By Shobhit Seth | August 22, 2014 — 3:43 PM EDT


The forex rate of a particular currency is directly tied to its economy and geopolitical situation of that particular country. Although price fluctuations in forex rates between two currencies follow the demand and supply trend based on “Purchasing Power Parity” and interest rates, the case of Iraqi dinar (IQD) becomes a special one due to its current situation. (PPP is an important economic concept; watch Investopedia's helpful video on the subject.)

The IMF, which monitors Iraq’s economy, is using a single fixed rate of 1170 IQD per US$. The official market rate of IQD-US$ keeps hovering around this fixed price. But in reality, a lot of variation exists in the bid/ask quotes for buy/sell prices at the various foreign exchange dealers, as the Iraqi dinar is no longer easily traded. The bid-ask spread is pretty wide, and dealers (legitimate or illegitimate) are known to charge a high mark-up fee for any transactions in IQD.

The Iraqi dinar has special attributes, as its valuation and volatility are tied to developments in Iraq. Given the reality of Iraq's being a war-torn country, a number of factors exacerbate risk,including: 1) multiple factions trying to control different parts of land; and 2) the withdrawal of Western countries.

Even if one is willing to take the bet based entirely on chance, the unknowns are considerable.

Changes in the price of Iraqi dinar will depend on lots of factors, including the following:

How soon the war comes to an end

Unless business participants and investors can be assured of a peaceful, secure and trustworthy atmosphere for making investments, the economy will struggle to recover. Investors already have to deal with enough risk as it is even under the best of circumstances; hence, they look for stable regions without political or other disturbances. The current war-like situation is the major deterrent in the Iraqi economy's recovery, and thus in the improvement in Iraqi dinar pricing. The sooner Iraq achieves normalcy, the better prospect the economy and the dinar will have for recovery.

Whether the country remains unified or is heading for a split

In the event of the latter, will the new authorities honor the debt and obligations of the existing currency and economy? If not, then it will be a sunk cost for all investors holding Iraqi dinars. High price fluctuations will continue on the downward trend, with much wider spreads in the unofficial forex trading markets, until the situation becomes clear at ground level.

Whether Western countries are ready to re-engage in rebuilding Iraq and its economy

Western countries have been phasing out their presence in Iraq. This may be a cause for the current disturbances that have sprung up. Just the sheer engagement of Western countries can give a kick-start to help building the investor confidence, thereby improving the economy and improving the forex rate.

Whether organizations like the IMF, World Bank, United Nations are willing to help




The forex rate IQD-US$ showed positive trends during the period when programs like the “International Compact with Iraq (IMF)” were introduced. A further step in this direction by introducing similar programs by capable organizations should be a big positive for enhancing IQD rate.

Whether erstwhile investor interest can be rekindled

As reported by Newsweek, in 2006, “The U.S. Chamber of Commerce reports 34,000 registered companies in Iraq, up from 8,000 three years ago.” Once past the current conflict, in the post war scenario Iraq should be able to attract the same large size investor interest which should improve the economy and leading to enhancement in exchange rates.

Iraq's potential to develop an oil revenue-based, solid economy

Iraq’s economy is clearly dominated by revenue from oil, which reportedly provides 95% of foreign exchange income for Iraq. Iraq's recent contracts with major oil companies have the potential to greatly expand oil revenues. Once stable, Iraq will need to upgrade its oil processing, pipeline, and export infrastructure to enable these deals to reach their full potential, paving the way for a rapid growth.

Whether Iraq can develop oil-associated industries

Iraq’s manufacturing, chemical and fertilizer industries are tied to the oil sector. Still, given a suitable business environment, they have a tremendous potential to grow.

Whether Iraq is able to develop other sectors

Within Iraq, there are significant opportunities available in the construction, retail and energy sectors. These sectors saw substantial interest and backing by foreign investors, during the post-Saddam period. Hundreds of foreign companies, backed to a good extent by their governments, continue to operate in Iraq in these sectors even during these troubled times. Unless there is a major wind-up of operations from these large organizations, the probability of Iraq coming back to recovery remains up for grabs.

Whether investors from non-first-world economies will get involved

Investment has come into Iraq not just from companies in developed countries like the US and UK, but also from companies in developing countries like India. The only need is an improved, secure and peaceful business atmosphere and the Iraqi economy should resume a normal course.

Whether regulatory deficiencies in Iraq can be sorted

Most foreign investors in Iraq had challenges with the regulatory framework, even during the post-Saddam period. List included problems in land acquisition, corruption and delay in implementing reforms which could support private sector. Iraq needs to find a way to get over these impediments to win foreign investors’ confidence.

Interestingly, the above mentioned challenges also exist in other developing economies like BRIC nations, but trouble in Iraq gets compounded by the war like situation and hence need more prompt resolution.

Whether promising signs from previous peacetime scenarios can resurface

Even after the eight-year long Iran-Iraq war, which had a devastating effect on both nations, Iraq was able to restore itself. It would not be impractical to assume that given sufficient time of established peace, Iraq does has the required potential of springing back to be a stable and healthy oil-based economy.

Whether other hidden gems in the Iraqi economy can be further explored

Due to political conflicts, in spite of having plentiful irrigation and water resources, Iraq remains a net food importer. Establishment of a stable government, and hence concrete policies, will ensure that the agriculture sector can add significantly to the country’s economy, further providing economic stability.

Investments are always subject to two unknowns – “How Much” and “When.” No one can say for certain “when” the IQD's recovery will occur.

The Bottom Line

Trouble with the Iraqi dinar is compounded by a war-torn situation, a non-existent legal market for forex trading and high mark-up charged by a limited number of legitimate forex dealers. Taking a short-term bet is a clear no-no. Long-term bets depend upon lots of unknown and uncontrollable external factors, which investors should keep in mind before proceeding.


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Thanks to Nash at: http://www.dinardaily.net

Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar

AmIraq Fund Ordered To Cease And Desist

9:04 AM, Oct 6, 2011


   


A company selling investments in Iraqi money has been ordered to stop by the state of Colorado.

The cease and desist order is for AmIraq Fund, LP, its general partner, BB&M International Corporation, and the managing director and CEO of both, William Burbank, all of Coronado, Calif.

The AmIraq Fund sold investors on buying Iraqi dinar by saying the dinar is currently undervalued, Iraq has great long-term potential and that the dinar will recover post-war, officials said.

Colorado investors were offering one million dinar for $975, securities officials said. The funds were to be held in an Iraqi bank.

"Promoters often offer investors an opportunity to get in on the ‘ground floor’ of a new idea or concept and make a great economic return," Securities Commissioner Fred Joseph said. "Unsuspecting investors can be lured into these schemes, especially if the returns sound good. These offerings require careful research and a strong reminder that if it sounds too good to be true, it probably is not true, nor will it be profitable to anyone but the promoter."

Colorado officials alleged that Burbank was offering securities and that he failed to register its security offering.

Burbank agreed to obey the cease and desist order, but neither admitted to nor denied the allegations, state officials said.

http://www.thedenverchannel.com/news/colo-tells-firm-to-stop-promoting-investments-in-iraqi-dinar

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Thanks to Nash at: http://www.dinardaily.net

Thanks to Ssmith at: http://www.dinardaily.net

New Republic via a GCR: Events from July 7 to 17, 2016

7/17/2016 07:33:00 AM  Intel, News  
New US Republic via a GCR Events July 7 to 17 2016

Compiled and updated on 17 July 2016 by Judy Byington, MSW, LCSW, ret, Author, "Twenty Two Faces," CEO, Child Abuse Recovery. www.22faces.com www.ChildAbuseRecovery.com

Judy Note: It's a slow rollout, right? Release dates of the Global Currency Reset are for anyone's guessing game. On Friday the kingpin of the Global Currency Reset, the Iraqi Dinar, was said to be announced as international by a source at the UN. Already ten days back on July 7 2016 the Global Currency Reset Treaty had been signed by 205 nations.

Yesterday the Dinar Chronicles Chat room was shut down until Monday July 18, while Dinar Detectives has not been active since last Thurs. WingIt and Bruce's The Big Call, have been changed to next Tues. July 19 2016. Do these Gurus know something we don't?

It is pretty easy to figure out what is going on by reading the below history of GCR deadlines for the past week:

360. The Global Currency Reset and gold back currency system was in a piece of legislation called the Global Climate Treaty. This was passed by 205 nations that were needed to sign off on the Treaty. That Treaty was said to be enacted the night of July 7 2016 at 11:30 pm PST.

361. As of July 7 2016 209 entities, 196 countries, 13 territories had come to an agreement with the World Trade Organization, the International Monetary Fund and were formally on the new BRICS CIPS banking system. In some of the countries CIPS was still operating in tandem with the old SWIFT system.

362. The banking transactions were now transparent. In the past some large traunches were attempted without success. All of that was taken care of now. CIPS was working.

363. Major funding was wired, received and was in accounts ready to be used. Some funds in these accounts could be seen, but couldn't yet be used until currency holders received the go ahead with 800 numbers to make exchange appointments.

364. On that same July 7 2016 the International Monetary Fund approved a $5.34 billion dollar loan for Iraq to impliment economic reform.

365. According to announcements made on the Iraqi TV on July 9 2016 the Iraqi Dinar would be reinstated. For over a month the Dinar had been trading at an international rate of $3.71.

366. The Iraqi Dinar was the kingpin for the Global Currency Reset and had not yet completed their economic reform legislation. On that same Sat. July 9 2016 the International Monetary Fund's executive board announced that Iraq would have to implement economic reforms before receiving the rest of the $5.34 billion loan they were given on July 7 2016. The Iraqi Parliament would be back in session July 12 2016.

367. By July 9 2016 Bond markets were very active, due to show on the market by Sunday night July 10 to Tues. July 12, at which time the stock market recovered from a downhill spiral.

368. On July 9 2016 Operation Delta claimed that the Admiral's Group became liquid. He was given an audit checklist of where funds are to be distributed, to complete within 30 hours and the 30 hours were over.

369. The Cabal was said to have now stopped the GCR over 170 times. They were given until Sunday July 10 2016 to allow the GCR to go through, or they would be arrested. If they resisted arrest 10 million in gold was offered to anyone who eliminated them or members of their family.

370. It was said that by contract there were certain conditions to be fulfilled by the end of the day on July 10 2016. Values of certain world currencies were to be adjusted to support those certain conditions.

371. According to Philip Tilton - "RV Songs are Beginning for the Celebration of Post RV" the RV was done July 10 2016 6:30 pm EST when the US Inc. signed over the US Treasury to the new US Republic.

372. On July 10 2016 Phillip Tilton claimed an FBI insider revealed corruption in the Clinton Foundation and all of Washington DC appeared to be involved.

373. This included those in Congress being blackmailed over the years through their video taped participation in drug parties, child kidnapping and sex. These child pedophile parties were believed to have given fodder for many a political favor. The money laundering and child pedophile rings appeared connected to the Clinton Foundation.

374. On July 10 2016 Phillip Tilton claimed that a Democratic Congress woman was indicted on corruption.

375. The Chinese were said to have imploded the stock market with gold backed currencies on this same July 10 2016.

376. On Sunday July 10 2016 Iraq was celebrating because their Dinar had been reinstated with a new rate of $1.18 and rising. Their Q Cards had already been charged for about a week with three weeks of back pay and for some time the Iraqi Dinar had been trading internationally at $3.71.

377. It was said that the old SWIFT system was re-routed with the proper bar codes of the new CIPS system. The global Humanitarian projects were promised a funds release on Monday July 11 2016. By Mon the date was changed to Wed. July 13 2016.

378. Operation Delta claimed the Global Currency Reset would be active by Monday July 11 2016.

379. On Monday July 11 2016 30 quadrillion in gold was transferred into the new US Treasury in Reno.

380. As of Monday night July 11 2016 at 11:30 pm PST the Global Currency Reset and gold back currency system was said to be enacted. A piece of legislation called the Global Climate Treaty had been passed by 205 nations.

381. On Monday July 11 2016 Landa Global Humanitarian funds were to be released, though that apparently did not happen. On July 12 major funding was said to have been wired, received and was in accounts ready to be used. Some Humanitarian funds could be seen but not be utilized until 800#s for currency redeemers were received.

382. On July 13 2016 the Iraqi flag was flying in the center of Mosul. ISIS confirmed the killing of prominent commander Omar al-Shishani during the critical battles of Sherqat. He was the major battle planner for ISIS.

383. On Friday July 15 2016 it was said that the UN announced that the Iraqi Dinar was an international currency.

384. At one point it was reported that Global Currency Reset currencies on the Forex would be changed after markets closed on July 15 2016.

385. On that Friday July 15 Philip Tilton claimed that France, Spain and Portugal intended to leave the Euro and had asked for a three day stay for the Global Currency Reset, which would make it by Mon July 18 or Tues. July 19 2016.

386. The 'Bluwolf Update of Friday July 15 2016 on the Dinarrecaps website: "You all know from my recollecting that July 17, 2016 is a deadline for the GCR to be of official domain (something mention by a three letter economic agency in the month of March)."

387. Dinar Chronicles AdminBill late Friday night: "I have given everyone the weekend off. The chat room will be closing at 12 midnight EST and reopen Mon. July 18 2016 at 7am EST." Dinar Detectives had been closed since July 14 2016. WingIt and Bruce's The Big Call were changed to next Tues. July 19 2016. Do these Gurus know something we don't?

388. SKRs were said to be liquid by Monday July 18 2016.

389. The general public was expected to be allowed into global brick and mortar banks to exchange at on-screen international rates on Monday July 18 2016.

390.On Monday July 18 there was a scheduled bond released for Humanity Projects, while the funds were promised to be sent out by the middle of the week. Timing was said to coincide with the Global Currency Reset, but was not connected to it.

391. A source from IMF Australia claimed the Global Currency Reset would be let go on July 19 2016.

Thanks to: http://inteldinarchronicles.blogspot.com