Frank26: This plastic has to be in place….then…IMO….you would raise the value of the currency….because right after that….IMO….you would stop the auctions….they are nothing more than a mortgage on your country.
Liberation of two cities….no….the liberation of a program rate….that is what we need….
The IMF has taken control and said….come up…..we brought you to the promised land…..now you keep your promise….remove the final restriction on your Financial Reform….because we had a deal….UN….Ban Ki Moon….are you done….then you are gone….fascinating isn’t it.
UN Operational Rates of Exchange….I would pay attention to them.
DELTA comes in to give his report.
Delta: Just to let you know Frank I will be bringing scissors and I will be honored to cut your hair.
Frank: It’s about 2 feet long now….as soon as the value goes up….as soon as you and I are face to face with each other….I hand you the scissors and you cut my pony tail off….it starts a new chapter in my life.
DELTA: Greeting Family….very important and beautiful last two or three weeks…..lots of goodies going on here and there……first I would like to talk about the most important part….and I would like answer some questions that have been surfacing on the forum.
First I would like to talk about the 500 dinars…and I would like to clear up something….I did not say the 250 dinars….only the 500 dinars with the Kurdish language….you see they still have the 250 dinar but they don’t have the one yet with the Kurdish language…..so I’ll talk about all this and hopefully make it more clear to the Family.
We all know back in 2003 when they introduced all the notes…..they had basically the 50, the 250, the 500….but let’s talk about the 500….the 500 was introduced in 2003….but in 2013 I’m not sure how many of you remember this….the CBI and Turki said they were going to come up with the same kind of note….but with more security features and some kind of features for the blind so they could recognize the note….
Now the 500 with the new features was printed in 2013 but it wasn’t introduced with the 1,000, 5,000 in 2014….so why is this 500 dinar we brought to you several days ago….why is it important….some of you have asked what is the significance of the 500 dinars….
First of all the value of the 500 dinar is not even 0.43 cents….plus no one is using the 500 dinar in Iraq right now….they hardly use it….even the 1,000 dinar……plus the CBI had already printed the 500 dinar in 2013….so just think about it….why would the CBI print this money and then nobody in Iraq uses it…..
The only answer is that they know the 500 dinar will be used in Iraq and will have a good value and a lot of people in Iraq will start to use it….so you aren’t going to spend money on something you aren’t going to use….it makes no sense….and the other part is the Kurdish language….they included that with the 500 dinar…..for those who can read Arabic…there is a date that shows those notes were printed in 2015 beside the 50,000 dinar.
Now I’m not sure how many of you recall but Frank and I did talk about this a while back in December actually….the governor of the CBI came out then in a press conference and was actually defending the 50k notes in his talk with the reporters and he did say then that they also printed the 500 dinars.
Family think about it…..500 dinars that nobody in Iraq uses…most of them use dollars….they do use the higher notes, the 10k, 25k, and 50k…..so for you to come back again and print more….that should give you an indication the rate is about to go high and they need the 500 notes.
We all know that Allak, the governor of the CBI, they have talked to him so many times….and I believe it was two or three weeks ago when they asked him about the deletion of the 000’s….he did state that still exists….the deletion of the 000’s was still in their plan and they have some technical preparation for it.
Think about it…what would this technical preparation be….how will you delete the 000’s…..without first increasing the value and introducing more notes in the market.
Now the 250 dinars I am not sure what is going on…there is some rumors…some are saying they have seen the 250….we all know the CBI has updated their website for the currency….many hardly go there…so when they did go there they see the 250 dinar…but the 500 dinar with the Kurdish language has not been updated yet….the 250 they still have the old one but don’t have the new one yet.
For us the most important part is the timing of the 500 with the Kurdish language….so I want to let you know that for any new currency they print they must have the Kurdish language…that is the law….the multi-language has to be on the currency….
Just think about it….this currency was printed in November 2015….but just got introduced now….the reason is they know the value will soon go up….but in Iraq you rarely see 500 dinars…so this is saying that something really big is going to happen….so I hope I have answered some of the questions from the forum as I know some of you were very confused about why the 500 dinar is so very important and why people were happy to see it.
The second thing I want to cover with you regards the control that the IMF wants…that the US wants….they are basically the same….so the IMF came out for the first time ever and makes it clear that the Abadi government….you have to implement the Financial and Economic Reforms…in order for us to give you the rest of the loans….
Now we know the IMF approved the loan for $5.34 or so billion dollars for three years….they are going to give them this in installments….the first was $634 billion….now the second payment and others should occur every three or four months…..the IMF stated clearly in order for us to continue that they must implement…..
Family this is one of the most confirming details that they, the Iraqis should jump up and down….this is from the horse’s mouth, the IMF….they are telling them to implement……now just think about if something were missing or not ready….do you think the IMF would be telling Iraq to do that….that was number one.
Number two….the CBI is ready….but because this will be the Prime Minister or the government to specifically call….we all remember a while back the CBI stated that when the government gives them the green light they will react immediately without any hesitation….so look how important the message is from the IMF…..
I am not sure how many may have caught that….the message from the IMF was not for the CBI….it was for Abadi’s government….that means for the key right now it is in Abadi’s hands….he has to give the green light and we will see the revaluation of the Iraqi dinar….of course we don’t know the date….and the rate we don’t care about….we know they will change from the 1180.
So this is what they are trying to do….but first they had the 8th, the fasting, Abadi actually extended the holiday another day to Sunday….even though we did see the auction on the CBI which I will talk about shortly, but here is what is going on Family….
The IMF told the whole world a while back that Iraq should be in the international market by the middle of 2016….now for the IMF to come out and put pressure on Abadi’s government…..they have to do it….the implementation….now just think about it Family….when they say they are going to be international by the first half of 2016….what does that mean exactly….
Now we know that Iraq is out of Chapter 7…they are international….they can import and export right….but the only thing missing was what….Article 8….so the IMF cannot tell Iraq….or the world directly they have to revalue….but if you really think about it what do they mean about being in the global market….they import and export….they buy weapons….the sell oil….so what do they mean…what is left…that is the crunch sheet they need to do….but the 500 dinar…the IMF is putting pressure on them….that is giving you the indication that you are very close to seeing the numbers.
One more thing that I think Frank has brought to you….that Abadi spoke on television….I believe a week ago….he told the Iraqi citizens that after the 8th….after the holiday he was going to offer the investments, he was going to solve the liquidity problems, and he was going forward with the implementation of the reforms he promised the whole nation.
I heard you talking about the plastic, the Ki cards, and that is absolutely brilliant what they are doing there…but all those cannot work without the rate…without going international….so we see what they are basically doing…..so this is really amazing what we are seeing right now.
With regard to the auction, I went back into the CBI and they had the date as July 11 and they updated at 1182 but when you go to the auction it states July 10th, and I went to the spreadsheet and it is showing the same thing…so it look like they had an auction on the 10th even though they were off that day….so that might be significant or not….but there looks to be something going on…and I had some kind of confirmation too Frank that there is something going on behind closed doors in the CBI….I am not sure how many of you know that but the CBI website was up and down today for the last 4 or 5 hours…but they could be doing something that says we are very close there.
We all know too that the Assistant Treasury Secretary has been in Iraq and said as soon as we get Fallujah which they did a while back we are going to help and advise the government of Iraq and help do some currency or financial reform with the CBI and here now we see the 500 dinars…again a very significant part Frank.
Frank: We are seeing a lot from the IMF to Iraq and what we are seeing is not really new news…this is old news….this is a shock to our systems to see it…and I also DELTA that our Family has forgotten a lot of these things that they said back in December….they said look….this is a plan…and that plan is being shown to us almost on a daily basis….how they are fulfilling it and lifting restrictions of their currency…
The biggest one right now is the auctions…at least I think it is…..let me read something to you….this comes from an analytical report from the GOI….the perfect choice to the current financial crisis simultaneously would be to reconsider at the price of the dinar to gradually close its true value and to reconsider the currency auction mechanisms…..
Well DELTA I think that is the biggest thing that is left….these auctions are an embarrassment to Dr. Shabibi and the CBI and to Abadi and his government….I mean….why in the world are we using other people’s money….so one of the biggest requirements or restrictions was to remove this….stop using other people’s money….stop the auctions…stop the multi-currency policy….
When you see this article that is talking about doing exactly that and based on what you and I and our TEAM members are seeing….we announced today to our Family that IOO within the next two weeks or so they should stop these auctions….how do you feel about that….do you feel that Iraq is about ready to stop using the multi-currency policy based the fact that they are introducing the 500 and talking about the 250 and other things.
DELTA: Yes Frank I really do believe the auctions have to stop for so many reasons…and we did explain this to the Family before….there are a lot of people who do not know why they do auctions…..we can explain this…the reason they do auctions it because we have a lot of imports of Iraq and the vendors who do imports from overseas, US, Canada, China, wherever….but because the IQD is not recognized internationally nobody can use that….so the only currency they have is the dollar….so that is why we have the auctions…
But the problem with the auctions over the past 10 to 12 year has been a lot of corruption was taking a lot of money from their reserves….so now for the last six months or so there is a lot of pressure on the CBI and Abadi to stop the auctions….but they cannot stop the auctions until they raise the value and be Article 8….
So for them to stop the auctions within the next two weeks…there is a very high possibility they would raise the value and the IQD would be recognized internationally….
they wouldn’t need the auctions anymore because they would be able to buy things with dinars that are recognized….Iraq is the only nation who does this type of auction….because they have no choice….they need to go to the true value….but I do agree I think the auctions have to stop….there is a lot of demand and pressure on them to that….but again the value has to go up and Abadi has promised everyone that he will do it…..and I believe he will stick to his word….but definitely two weeks in July look very promising….and we look forward to see what is going to happen.
Frank: During the CC I talked about ReddStarr’s post….he titled it….”It doesn’t get any clearer than this”….yeah it doesn’t get any better than this either….the article is an analysis and it is Abadi’s economic advisors…..Iraq’s economy is between a crisis and a solution….jiminy crickets….what is the solution…and when you read it….when you look inside of it….it talks to you about the SBA’s….it talks to you about what they are trying to do with their international money friends….the IMF….they have a plan they are working on…and lo and behold what is that plan….inside it says we are considering the price of the Iraqi dinar exchange rate…
It has to be reduced to the real value…and this solution would address many of the problems that we have…we could apply it to that….the preservation of the current exchange rate is not feasible….this is amazing these guys are coming out and literally talking about…..here is more of it…..we were supposed to revisit the price of the IQD….to reconsider the exchange rate….yeah….so all of these articles that are coming out are showing exactly what they agreed upon back in December….
If you were not a student….you are not going to know what they agreed upon Family….but because you are a student with us…the things you are seeing….aren’t they ringing bells in your head….aren’t they lighting up light bulbs above your head……hey wait a minute….I remember back in December these are the things the IMF told them to do…..and now that is why we talk to you about what they are telling them….and about the auctions…..I really feel deep in my heart that they are about to introduce plastic…and the way our DELTA just told you….it is the same way I just told you….
First you have to introduce the plastic….then you have to raise the value….then you have to stop the auctions….and I hope we see the UN stick their nose in a lot of meetings these next two weeks with Iraq….it is good and it is exciting and we are just waiting to see what happens in this month of July.
DELTA: I agree Frank and before we wrap it up I would like to talk too about this article that came out today on the forum that talked about the peace of mind…this person from this article was talking about the dinar getting from about .89 to .96 cents with the dollar…or like 1.18…the guy that was talking today…he was talking exactly like what we’ve talked to the Family over time….
They have to revalue the IQD…they have to go international….so all these sources are saying the same thing…the IQD is undervalued and they have to revalue it so they can pay for products with it…that is one of the solutions they have to solve some of their problems….like one of the problems we talked about….the auctions…and by them doing that it will make Iraq far better than they are right now.
Frank: All these banks and these cities have been waiting for this moment…these banks are ready…their standards are international….their employees are trained IMO….they are loaded with the right kind of currency…..they are ready to give the electronic cards out….all they are waiting for is that green light from Abadi…..Abadi I think has to make sure this Article 8 thing is over and done with….as far as ISIS/DAASH goes you are not going to hear too much more about them….it is because they are done….there was a little problem in Mosul that started up again but that was quickly dealt with…and you agree DELTA that we are not going to hear anymore about these two cities.
DELTA: I agree with you Frank…with what is going on with Iraqia television with Mosul they are saying the heads of DAASH have all run away….houses and buildings are empty….so many have simply run away….their leaders are not there and the ones who are left have no one to take orders from…and the citizens are reporting this…and think about this….the IMF wants all of this to be done or they wouldn’t be telling them to do these other things….they want this fight with the terrorists to be over…..of course they had the holiday to finish up….
And I really do believe that Abadi will rush things now because that is what he told the citizens he would do….he is calling for so many things, even to activate the private sector….which this was supposed to happen last year…..and they need this to happen….they have to act very fast…..
I agree with you that ISIS/DAASH is no longer a factor because they become very weak especially in Iraq….and I do believe that sometime by the end of this month we should see Mosul…..I think Abadi is going to go ahead and do something now….I believe something major has to happen and this is the month and Abadi has to act….the IMF is telling them that, others have told them and there is a lot of pressure to stop the auctions.
Frank: Even Forex is ready….the whole international theater is ready….a lot of people are hooked up with the three major banks in Iraq…..Trade, Rasheed, and Rafadain….everybody is ready….a condition has to be acquired…..I mean when we released to you Family those three pdf files with all those articles….did you see the video where BlueStar asked Dr. Shabibi….when do you plan to raise the value of your currency….Shabibi’s response…well….when conditions are better….when I feel satisfied that we are secure….
Think about this Family….a condition that Dr. Shabibi has been looking for has been IMO met…..oh you are always going to have terrorist cells…..you are always going to have explosions…..that is the way the ME does a lot of things….but we are very close to a condition that Dr. Shabibi wanted…..not only in the GOI but obviously in the CBI….in fact…IMO….the CBI has been looking over the bow waiting for the GOI to catch up with them.
DELTA: In closing I really do believe….IMO….that all this information we have seen from the IMF and from Abadi and the US Treasury who we think is already in the US Embassy in Baghdad trying to help….Iraq should be ready to make a huge move which would be to redenominated….revalue their currency….
They will start phasing out the 000’s….adding some value to their currency…..and go international with Article 8….that will help them bring investors in and this will help the Iraqi Stock Exchange if all this happens they too should be international by the end of this year….so that from any place in the world you can buy or sell stock from Iraq….
As far as ISIS/DAASH they will be history soon….they have lost a lot of power in Iraq…that is why you see that Abadi is appearing more comfortable….everyone loves Abadi, including the US…..the IMF and the US Treasury know what is being done, the factors that are at work and they have basically given the green light to move ahead and implement the reforms they have been asking for….it is very amazing and IMO….this month is very important for Iraq to move forward….
And your mention Frank of the Ki cards is a very good point…with the Ki cards they will be able to revalue their currency at 1 to 1 or 1 to 1.18 or whatever without them introducing the LD’s right away…..because they will be able to use the Ki card…..they might use the 500 dinar….or the 250….but this is an excellent point about the Ki card and the plastic….this should eliminate corruption and thieves and those robberies they do all the time when cash is involved….
At the same time this will give them more time to print whatever it is they want to introduce….I do believe we have to be really close, all of my team and the other people we know all believe we are very close and on high alert….and we have CODE RED burning big time.
Frank: I do believe that conditions are critical….that the conditions that Dr. Shabibi spoke of to BlueStar so long ago are now being met that is why we see the IMF putting pressure on Iraq….conditions, restrictions, requirements IMO have been met….
Yes there will always be terrorist cells but things are drastically improved….so let’s see what happens in the next two to three weeks. I will be with you this Wednesday…but the last two weeks of July I will only be with you on Monday and Monday….in fact we need to give you an update the next time we are together because we will be leaving the islands of Hawaii in the next three weeks….unless something happens in the next three weeks then I’m not going anywhere….
I would love to get things kick started right here….the blessing….but if not then we come home to continue studying with you Family.
I hope you enjoyed your conference call tonight from the plastic….to the UN maybe coming around….to the auctions and the MCP over the next few weeks disappearing….let’s hope so.
Dismissed with a prayer.