Emailed to Recaps:
Interesting time frame - from Martha
I was reading some information from last night and realized that the month of November could be setting up for a December 2 total release to the world.
Look at it this way......Every month since April 22 I have been told that we have been given a 10 day window to exchange before the public.
If you remember the government in Baghdad was being paid on the 28th, and now they were paid this month on the 22nd.
The 29th of any month in the Arab world is a day to move money and release new money.
Of course are we waiting on this? IMO NO because we are very educated and following this closely ....so we are not the public.
Now 11/30 is the vote on the Remnibi.Are we waiting for this? NO, this is a done deal and the Remnibi is already in the basket as a floating reserve currency....The vote is more for show and tell to the world.
Currency baskets move all the time but I am hearing this first basket is already in motion with 9 currencies that we know of.
On Dec 2, I am also hearing that the Iranian rial will be able to be exchanged.The rial is a re-instatement of the currency.It is not in the basket.
Okay,next.... the UN operational report is now due for 11/27 for the 29th. We should see the rate changes. Now, will we see the 11/20 change or will it be just across the board?
Like I have talked about before, the USD is due for review on 12/20.
If they use the 11/27 date for the first basket, it will be a 30 day difference and remember,the second basket should be out and that basket will not have the USD in it.
Will this review now show a float rate? or will it still be a dollar?
IF you notice,the Euro,which is also a reserve currency and should be in the first basket as well and it does float it's rate. Actually most countries float on a daily basis, even the USD.
The question is whether it will be a fixed rate or as a reserve currency will it have to float ?
This is yet to be seen.
Well, IMO we are not waiting for anything (except maybe timing) !! In fact everything now points to TODAY.
Thursday 11/26 is our Thanksgiving Day and the start of our holiday season....Friday,11/27 is our "black" Friday which is the start of the holiday shopping time,
This time period also is a time to start giving and helping those in need and hopefully helping our economy that has a poor projection for this year's holiday season.
And to Tony, stick to your guns and don't put back walls of the 30th...We are all hoping that Pam is right in that she feels you WON'T BE DOING A CALL ON FRIDAY!
OUR TIME AS WELL AS IRAQ AND THE WORLD IS NOW. Martha
Millionday THE ACTUAL FULL OF POWER GOVERNOR OF CBI HAS ORDERED ALL MONETARY POLICIES -- REFORMS CHANGES -- DOCUMENTS -- PLANS THEY HAVE WORKED ON FOR THE NEW IRAQ AND PROCEDURES TO ALL BE ACTIVATED.
THIS IS WHAT WE HAVE BEEN WAITING FOR.
THEY ARE MOVING FORWARD AND FORMAL ORDER HAS ACTUALLY BEEN GIVEN BY CBI GOVERNOR. THIS IS VERY EXCITING -- WHOOOPOW.
KTFA Monday Night Conference Call
Approx. 166 minutes long
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK # : 641.715.3639 PIN: 156996#
RE: Walkingstick: The central bank rescued from collapse of the Iraqi dinar
Aggiedad77: Quite the interesting article Family......no the CBI has not been responsible for the collapse of things in Iraq.....in fact it has done just the opposite since the fall of Saddam.....since 2003....the CBI, especially while under the tutelage of Dr. Shabibi, up until he left, and again now as we look for him to step back in.....he has created a strong entity called the Central Bank of Iraq....the CBI....
Through his careful guidance the CBI has kept the IQD from being weaker than it is today....in fact....from 2003 until now the IQD has strengthened.....the CBI has also managed inflation within Iraq to a level that many other countries are envious of their efforts....their inflation floats around 2-3% routinely and has done so for a number of years.....it could have just as easily skyrocketed after the fall of Saddam....but through a careful managed program it was well protected.....
The reserves of Iraq have also been quietly protected with the CBI having control of the countries reserves.....yes they have seen their share of corruption which is unfortunate....but they are working through that in compliance with the wishes of PM Abadi and his feelings towards corruption and money laundering.....now watch as they untangle the corrupt web from banks outside of the CBI....they push forward....the CBI leads the way......the BEST is yet to come. Aloha Randy
LAS] OKIE HIGHLIGHTS: we are jubilant and expecting this week...5 in the original baskets...20m dinar cap for contract only; 50M dong cap for contract; 500M - 1B on Zim...
Brokerage firm will give any perk any bank will offer plus total insurance aspects...
iran rial not sure first or second basket...cooperate entirely with a brokerage firm and future investments that will blow you out of the water (M&S - Morgan Stanley)... be careful with wealth managers who work on commission...
Graphene - rare earth - more demand for = used for communication in satellite which are deteriorating which is reflective and military application used - very hard to extract - bulk mined in Peru...
Okie says this time is first time everyone has agreed ...all countries...
Highest initial rate - US gets 1st highest rate, England 2nd, 3rd Canada, 4th Australia, eventually settled...
We should exchange Zim asap...some people with SKRs are exchanging as well as Germany exchanging has never gone on before...
A brokerage will offer perks and additional insurance and stability...... Iraq in ripe for investment (cement and gravel) - would not invest until security is under control...would not put money in the banks in Iraq just yet too much corruption...
He thinks it's imminent now... it was scheduled for last week, Phillipines was last country to sign off, now all in agreement...