Source: Dinar Daddy’s Tidbits
There are reasons I believe this guy because there’s a small group of us that talk to him about every night. You can choose to believe it or not. I know he’s right in the middle of this. This is his post on Ben Fulford’s site.
“Ok, since you asked …
This is the real deal info regarding the RV.
The Rate schedule is correct … $ 3.68 rounded. If you remember my comments several weeks ago, I mentioned the Internal rate in Iraq came out as $ 4.41 rounded. I also want to remind you that there was conversation about the Gov’s wanting to get people to cash in Dinar so could take as much of the volume off the street as they could and they were going to reduce the initial value downwards 20%, and people said they wont do that and there would be riots in the streets. Well they are not worried about the riots.
Let’s do the math. If you take $ 3.68 and use a 20% multiplier (or 1.20) you have the sum of $ 4.41. This means $ 3.68 times 1.20 equals $ 4.41. So this seems to prove out.
Now, the rate has been determined and in order for it to become effective the CBI and/or Al-Shabibi or Maliki have to make a formal announcement. Everyone stated this was going to occur today. Never was going to happen today. Here’s why.
Let’s talk in Iraq time. They are 8 hours ahead of us in the States. The info on Tuesday (their time) was for the rate. The announcement was for Wednesday OR Thursday at approximately 2:30p EST US or later.
It would never have happened because they are waiting for Ramadan to end, then they will attend evening prayers and then they will break bread at a meal. It is anticipated that the leaders will assemble Thurdsay evening at 9:00PM Iraqi Time to discuss the announcement after 10:30 pm Iraqi time.
In Iraq Friday is a holy day and no business is transacted including banking. On Saturday and Sunday the Iraqi people can do their transaction for the RV. Then Monday … MAYBE Tuesday …. it will open up for foreign money.
Now let’s talk about all of the internet scuttle butt about the Treasury and the US banks not trading in Dinars. This is not a conspiracy notwithstanding public internet opinion.
Each bank and the Treasury and the many of the United States based banks are not a member of the GBI, the forex exchange in London, and as they are not members they have no authority to transact these Iraqi notes.
If you wish to use a bank then you need to find one tha tis a member and will take your business. Right now HSBC is the lead candidate.Contact the facility to secure more information of the bank and its procedures.
Hope this helps.