Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday PM Chat 8-29-16 Part 1 of 2
tman23 says():Direct words from the CBI to the GOI in several meetings...... There will be no currency reform until all provinces are under government control...... This is not a he said she said, it was printed in ink in news articles.......
That being said, the liberation of Mosul is expected to take place end of September early October. Ernest and Young are expected to be finishing up with the 2 state banks mid October to end of October......
Shabibi had said that the lifting of the zeros must begin at the start of the New Year and not in the middle of a quarter or middle of the year......
2013 Abadi being Parliment Finance Committee Chairman announced on 9/28 that they were prepared to lift the zeros start of 2014 given they could have the new currency ready in time......
He then made a 2nd announcement regarding the lifting of the 3 zeros on 10/4/2013 confirming his first statement. Shabibi went off to Japan for a convention......
We learned in the week of 9/23/2015 at the post iisd post 2015 summit that Shabibi was meeting with them in Japan.....and during that meeting is when Maliki placed a warrant for his arrest...... (this is also in ink)......
That being said, and all factual information, it is not unreasonable to speculate that the lifting of the 3 zeros may be on the front burner for the start of 2017.......
The last cmment from the CBI regarding the 2013 IQD series was that the new 50,000 note "COMPLETED" the 2013 series........ The question now is..... Does the CBI have a 2016 series ready that include the 3 zeros on the notes........or do they have lower denominations printed......
The liberation of Mosul could be the event that lifts off the announcement of currency reform implementation as a security measure to ISIS and the theft of IQD etc...... BUT that does not exclude the possibility that Iraq could make the announcement tomorrow or the next day......
Okie Dinar says to tman23():So you are saying January 2017? I thought the fiscal year for Iraq started in October (Islamic New Year). IMO why would they wait to liberate until end September, beginning of October is the new year is beginning of October? Hope that makes sense.
Okie Dinar says to tman23():Also I feel like that are actively gaining control over Mosul.... that he could happen at anytime. Why would they tell ISIS we are coming for you, end of September. Sorry, I guess I'm confused :)
tman23 says to Okie Dinar():LOL....... Islam is a world wide religion...... What does religous new year have to do with government fiscal policy and when that fiscal policy outlined in a budget begins ??
Iraq fiscal year begins January 1....... NO GUESSING....FACT IS JANUARY 1 IS THE START OF IRAQS FISCAL YEAR......
nromeo says():so rv in 2017
Okie Dinar says to tman23():OK, But I thought they changed that. I know Rcookie and Mr White were talking about it on the call. Maybe you should listen in. It was very informative.
Okie Dinar says to tman23():I guess we can agree to disagree :)
nromeo says():someone said 3 yrs ago and i don't remember who it was but they said our blessing would be 2017
tman23 says to Okie Dinar():They wait to liberate because........there is estimated 1 million people may become displaced.......The region is in its HOTTEST months......
cant have hundreds of thousands from the 2nd largest city in Iraq roaming with lack of supply and coordination.....the heat will kill more than ISIS......
Okie Dinar says to nromeo():I'm praying :) It in God's hands. He has the perfect timing!
nromeo says():it sure seems to point in that direction
Okie Dinar says to tman23():Ok and again, they are just telling Isis, this is when I'm coming for you. Watch out, here we come. UM, no. IMHO.
larrykn says to nromeo():no one know when they will do it, and any one saying so you should run from
nromeo says():wish it was sooner but i'll take 2017
Okie Dinar says to larrykn():(y)
tman23 says to Okie Dinar():If anyone told you Iraq changed the start of their fiscal year.......Have them show you where......It would take an act of Parliment.......
tman23 says to Okie Dinar():Yes..... they are giving ISIS and open road to the North to vacate Mosul.......
larrykn says to tman23():I believe Iraq could change there value anytime they want, sure it be nice to do it at the beginning of the year but they can adjust to whatever they need to do, the question is are they willing to wait for the fiscal year to begin,
with all the pressure on them and the IMF an WB looking over them an the fact that they will not get anymore money from them till they get the reforms done would lead me to think this will happen before the new year, but this is Iraq
JETSET says():i think we are all going to be surprised in the end! (lol)
Okie Dinar says to tman23():Thank you so very much for you opinion. I truly appreicate it. :) I am going to stick with 'the guys' Rcookie, Hutch and Mr. White.
JETSET says to larrykn():agree 100%
nromeo says():whats with the dong that firefly brought in is that true that they are going to revalue
tman23 says to Okie Dinar():Whelp......... Like said before......Obeidi and the time frame for him to be gone..... AND like said when it was announced.....LOL !! He will be appointed to another chair.......
bubbles says():Is their ISX still going live sept 2? Or did that change?
Okie Dinar says to bubbles():I'm not sure.
kalis says to tman23():SO i am confuse you are saying that we are long way off from any change in value correct . ?-
bubbles says to kalis():me to
larrykn says to kalis():Tman or anyone else can't say when they will do it
kalis says to tman23():ARE YOU STILL THERE
Okie Dinar says to kalis():It's all speculation. No one knows when
kalis says():THIS IS SO CONFUSING FOR ME 8-)
larrykn says to kalis():just relax it going to happen :)
Okie Dinar says to kalis():Don't be confused.... no one knows when or how much :)
Okie Dinar says to larrykn():(y) :)
bubbles says to Okie Dinar():gets harder not to be confused or get excited.
Okie Dinar says to bubbles():You got into this for a reason, stick with that. That is what will get you through. (F)