(from a Highhopes post at PTR)
Delta gives his Intel
Delta speaks of his CBI contact – on the CBI site there are the CBI auctions – the cash portion – the auctions – 12 million today – they are trying to replace their currency behind closed doors without anyone seeing – confidential – classified – Delta’s contact affirms this!
Quarter and a half dollar coming – both old and new currency will co-exist!! This will go on until the triple-zero currency is replaced - NO TIME LIMIT with exchanging in what we dinar holders have in our possession – we likely have 2 – 3 years to cash in!!
Delta talks about how high the Iraq inflation is right now – 7.5 – 8 % - because everything is imported – 6% interest rates currently – CBI can raise interest rate (but they likely won’t because it’s in a good range) or re-value the currency!
HUGE news about the HCL passing! – Not yet approved – going to parliament for approval now!
Official holiday in Iraq tomorrow will come back next week around the 4 - 6th of Sept.
Delta explains how THIS WILL NOT LOP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! THE REVALUE HAS TO HAPPEN!!!!!!!!!!!!!!!!!!!
Delta talk of his CBI contact – His contact TALKED WITH SHABIBI prior to Shabibi’s trip to the US – asked about the Lower Denominations! Shababi, hopes to God, after the holiday! This MEANS SEPTEMBER THEY ARE LIKELY TO PULL THE TRIGGER!!!! WHOO! HOO!
Read More button on right
The article of Saleh about the RED LINE – THEY ARE HIGHLY CONCERNED – THEY KNOW THEY MUST DO THIS – Their backs are against the wall – Nothing left to do but pull the trigger – They are running out of money to work with and now they are beginning to replace the old currency.
June 23 they began working to remove the triple 0s – it started deep within their banking systems and now the process has come to slowly releasing the lower denominations.
Delta explains about the article from a few weeks ago about the dinar 1200:1 dollar. We may see a rate of $.85 to $1.20 initially.
Old andNew dinar to co-exist – help and coordination from the Gov’t to lift the 3 zeros in a discrete manner.
Bluestar – comes on call – speaks of a source he has who posted some info on FSA – wasn’t clear about this – Bluestar poses question to Delta about the timeline Delta thinks that the revaluation will come out and work into the future.
Delta we should be SO VERY HAPPY because of the NO TIME FRAME TO EXCHANGE; because both old and new dinar will co-exist!
Delta says it might be 2012 or 2013 for further revalue of Iraqi currency – but likely to happen faster due to demand on the currency from investment in Iraq.
Delta takes questions
Je’sus mentions a question from forum
Delta says THEY HAVE TO DO SOMETHING NOW! Inflation is becoming a problem
Caller poses question about having lower-denom and being able to cash these in or not. Delta says EVERYTHING WILL BE HONORED!!!! Breathe easy everyone! ALL DINAR WILL BE EXCHANGEABLE for new rate or exchange!
Sept. 8 Shabibi will reveal what they know they have in the ground – their oil reserves and speak of investments in Iraq.