Q. Are we really close or are we waiting on June or further out?
Arthur: IMO based on everything I see and am hearing from our Arteam we are closer than close. Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely.
The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime. This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget.
All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq.
Don February 26, 2015 at 12:24pm
Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels
G T :So Iraq has sent The 250 Million Dinar arrived in Kurdistan (they Have To Start Paying Their Salaries)
Iraq is Making PROMISES to Make THEIR Payables
They're not doing the Auctions...
Sounds Like Their needs to be an ADJUSTMENT in the Revaluation of their Currency ASAP!!!
Dr. Mark > G T Money has indeed arrived but is not to be dispersed in Kurdistan until "next week!"
AJM0603 > Dr. Mark What I read is they did receive this partial payment today and that SALARIES would begin at start of next wk which is Sunday for them. March 1st.
Sem > Dr. Mark That would be their Saturday, I believe
Dr. Mark Calendar for March 1, 2015:
9-10am: Pull All 50 dinar notes and replace
10-11am: Institute International Tariffs and Taxes
11a-Noon: Insure Kurdish government distributes payroll sent this past Thursday of 250B dinar
1p-2p: Meet with CBI to insure they RI/RV'd the currency or we just wasted an entire morning!!!
Copied From Twitter:
@THE_TNT_TEAM CONFIRMED Kurdistan received their payment today. THE I RAQI PEOPLE SHOULD BE NEXT and then ?????? SUPERFANTASTIC
RE: Central Bank announces the withdrawal of 50
OK Rocks: PEEPS LISTEN THEY ARE GOING TO THEIR NEW LOWER DENOM NOTES WHICH HAVE THE NEW SECURITY ITEMS IN THEM!.... THAT HAS NOTHING TO DO WITH OURS!
THE NEWS IS GOOD! THEY HAVE BEEN FLYING IN THE NEW LOWER DENOMS TO LOCATIONS IN IRAQ FOR THEIR BANKS... WHY? BECAUSE THEY ARE ABOUT TO RI/RV!!! BE HAPPY! THIS IS GOOD NEWS!!!
DO NOT WORRY ABOUT ANY OF YOUR NOTES YOU HAVE, THEY ARE ALREADY ACCOUNTED FOR ... THEY ARE FOR OUR OIL CREDITS, THEY ARE "COUPONS" FOR THE UST OR CHINA DEPENDING ON WHAT YOU DO LOL....
BUT YOU AND OUR NOTES ARE GREAT... AND WE ARE AT THE END OF THIS RIDE... NO TURNING BACK ... THIS IS IT... SMILE :)
SassyD: Zim symbols from Coinmill.com (several months ago)
ZWD = (1st currency) obsolete, replaced June, 2006 with ZWN ......
ZWN = (2nd currency) obsolete, replaced July 2008 with ZWR.......
ZWR = (3rd currency) obsolete, replaced February 2009 with ZWL......
ZWL = (4th currency) abandoned April, 2009. .......
So, ..... the 2008 AA series is the ZWR
mdj : If you thought there was a liquidity crunch in Iraq before, there's REALLY going to be one starting on Sunday.
We know almost all of the three zero notes inside Iraq have been pulled from circulation, and at the same time auctions of the USD stopped.
Citizens are making purchases in dinar are doing so with what few notes they have held on to.
But take out the 50 and other small notes and how are they supposed to make change and/or do business?
Landons Nana: wmawhite: Tic toc, tic toc...that is the clock that is ticking at the CBI, BIS and at all of the central banks around to world as the CBI prepares to make their next and final move...JIMO.
Frank26: just came on from a tiring night of this 50 subject and was eager to ...... Share.
Try to recall what DELTA and I said about private planes on Monday's CC. Then recall what an article said on this same subject 24 hours later. Now ........ With that established ...... Again. Allow me to ask You about what the private planes contained. LD's ...... We shared.
So......... IF I was The CBI and was about to distribute LD's let alone further sub divisional fils of COINS then this is exactly what I would do. Because they are needed when 000's are lifted. 1166 works well with 000's but NOT with LD's and coins.
You see........ Friend ...... There is no other lower denomination. Hence You start with THIS 50 as EITHER replacing it OR ........... MAKE CHANGE. LOL ........ Actually in more ways than one..... LOL. You see ........ They will destroy the lowest and replace it with even lower categories of currency such as ......... I's ... 5's ... 10's and coins of 1/4 ... 1/2 ... 3/4.
Here is another of my cookies.............. IOO ...... The 50 will be made into change for The Citizens inside while outside ......... You will get a new rate to return ET Home.
moneytalks1 » February 26th, 2015, 1:52 pm HI Frank,
Wow!!!What TIMING!!!!!! Our Family knows why this is occurring right about NOW!!!!
US Dollar Currency Index (.DXY :Exchange)
Real Time Stock Quote | Source: Exchange
95.26 USD Last Trade
INDYGUY: :Family The below is IN MY OPINION ONLY
This is a move by the CBI that I would expect days before a major move (re-pricing). If I remember correctly the Iraq citizens (I believe Kuwait as well) were given a limited time frame (a month or two) to exchange the old Sadaam and Kuwait notes for the new ones that they use now.
After that time frame they were of no value. I believe this is what we are seeing.
Delta said on the conference call that IHO it would re-price before March 1st. With the passing of laws this week, this two month window introduced, the moving of money to Kurdistan, the taxes and tariffs being implemented on March 1st, the CBI auctions stopping plus the jets, cleaning of dash/isis and many more events, It appears IMO as well to be the case.
This chapter is closing with the last couple of sentences in your life...How will the next chapters in your life read? We have learned to have patience while we wait.....I recommend using those to make great sound decisions in the chapters to come.
A major "Thank You" to Frank Tink, Walkingstick (I salute you sir), Delta, and all those who contribute on a daily basis.