Source: Dinar Daddy’s Tidbits
6-21-2012 Intel Guru Bluwolf THERE ARE NO DELAYS OR HOLDUPS…ALL HAS BEEN DONE FOR AWHILE…LIVING A SECOND BY SECOND TIMEFRAME, SO RELAX THIS RIDE WILL STOP SOON.
6-21-2012 Newshound Guru Mike “Trade Bank of Iraq initiate a project linking all private banks and one system” Great article…one of the reasons that Chapter 7 is not as relevant as it used to be was because all of these banks are working together in conjunction with guaranteeing funds coming into Iraq – the only thing that Chapter 7 holds them back from is people wanting to deal with them with because of the the stigma of it because they feel there maybe sanctions there and they might lose their money With the Trade Bank.
6-21-2012 Newshound Guru Kaperoni Almost daily the same questions arise, the same insecurities or the same fears. There is absolute proof in these forums that a revaluation of the dinar is coming. I want to make you aware of a post/chat I did some months ago pertaining to a “paper” that Dr. Bakri wrote in Iraq. This “paper” is the most conclusive evidence we have. He “matter of factly” states without question what the “present authorities have decided to change the Iraqi currency to a new currency” over the other choice which is a LOP. So, there is no guessing, no wondering, no confusion, no misdirection. It is unequivocal!
6-21-2012 Intel Guru BOBGETZ6 [new guru] I wanted to come in and say something about the rates being thrown out there today. There is no way, IMO, that the Iraq budget can be sustained with those one to one or less exchange rates period. Also, does anybody think that Iraq would come in substantially under Kuwait? I think not. As far as the end of the ride, I am convinced that we may well be done by Monday. If not, the back end, as I have heard it, would be two weeks away, July 5th. We are definately near the end…I am grounded, stable and would not consider selling my dinar nor bury my head in the sand. This is the real deal and I feel as if we are on top of the finality.
6-21-2012 Intel Guru Bulldog75 IF THIS COMES IN HIGH; AND IMHO PROB WILL; CASH OUT AND GET OUT…OOM [OkieOilMan] WILL BRING THE LATEST WHEN IT OCCURS. WE ARE AHEAD OF THE CURVE…YOU WILL BE ONE OF THE FIRST TO KNOW WHEN THIS EVENT OCCURS.
6-21-2012 Newshound Guru SWFloridaGuy The dinar is not considered a promisary note, we will be able to exchange them outside of Iraq and the CBI must be honor them at face value. Article 32 Paragraph also states that the CBI must honor them in accordance with the law. “Article 32 Issuance of currency. 1. The CBI shall have the exclusive right to issue banknotes and coins for circulation in Iraq. Banknotes issued under this Article shall be a first charge on the assets of the CBI. ["continued in post 3...stay tuned"]
6-21-2012 Newshound Guru Adam Montana Since we know the CBI plans to introduce the new currency in or around January, and we know they can’t have a significant RV until they are out of Chapter 7, and we know they need a little time to resolve the HCL…doesn’t it seem like everything is falling in place right at the same time? Personally, I don’t believe in “coincidences” like these. It seems to be very well orchestrated, and gives me hope that things are indeed moving forward as planned. ["continued in post 5...stay tuned"]
6-21-2012 Newshound Guru BGG Maliki still has only three options are: 1) To fully implement all previous agreements – his opponents not only don’t believe him to be sincere, they aren’t crazy about letting him stay at all. 2) Resign just prior to an official vote in Parliament (which is a very strong possiblity) 3) Try to fight it – through the end of a vote in Parliament. He may well do this – but if he does, he knows the “prognosis” for winning is bleak and what comes after a loss is even more bleak.
6-21-2012 Newshound Guru SWFloridaGuy Redenomination Vs. Revaluation. I take the latest article from the Finance Committee as a great sign. They are saying the new currency “will increase by three zeros, indicating that they had an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.” Some people speculate the plan may be a redenomination, followed by an RV, where we would make a profit of around 3x what we paid. I disagree with this. Our money will be worth face value for a year. The “000″ notes will be legal tender but they will not be equivalent to those notes without the “000s,” which is why there has to be an effort to remove them from circulation in country, prior to raising the value. The large notes will retain their value and there will be 2 choices, trade in for lower denoms we can hold indefinitely or exchange for another currency, in our case USD. ["continued in post 2...stay tuned"]