Sager » April 29th, 2014,
- Interesting that May 1st is the start of the IMF's new fiscal year
- Interesting that April 30th is when the IMF updates the IQD's exchange rates, every single year (except for twice during September).
- Interesting that Kurdistan will start selling oil GLOBALLY starting May 2
- Interesting that the CBI hasn't updated the indicative rates since April 24 (last Thursday)
- Interesting that there have been NO auctions since April 26 (last Saturday)
- Interesting that April 30 will be elections in Iraq
- Interesting that Iraq announced that the budget will be passed right after the elections
Interesting indeed Sager
benblessed1 :Do we all agree that 25-30 cents will reveal the true value and do what they want-- have purchasing power to rebuild? NOT! I believe Delta is showing the truth of what certainly could happen as the new "Sucker bet" so to speak.
That is; I expect they want to draw as many of the triple zero notes in as inexpensively as they can. It is good economics for them- especially if it won't take long. After all, they have patiently waited 10 years...so another month or so- or perhaps weeks- is well worth it to them.
So many holders of these notes are hurting financially they will collect 10-50% of them with this IMO, very cheaply. Why do I think this is a sucker bet? Because as Frank has often said- they have huge assets they are not even mentioning....YET.
They only reveal the amount to justify a low rate to open as an RI; but IF they don't RI at the 3.22 old value plus inflation as Frank has shared his expectation for us often ($3.86)- IMO it will go up quickly based on hedge funds, growth funds etc jumping in once it is international.
That is all if the world markets and especially the USA financial markets don't collapse the dollar by design first... These are just my thoughts and IMO for consideration IF the rate comes out low... benblessed1
Frank26: Good Morning Precious KTFA Family............ It was Good to share our thoughts as we did on Your CC last night.
Trepidation was surrounding my decision ........ I sought console from many and found myself alone most of the day yesterday in constant prayer.
I am very Pleased to see so much variety of postings expressing wonderful constructive ideas based on what DELTA opinionated.
One post seems to bounce concepts that trigger further useful thoughts from another poster.
From ideas of exchanging to potential value of the IQD and it's growth rate .......... Instead of simply looking for an unknown rate.
As I said ......... It is THE LAVA LAVA FLOW of the MR that gets them to article 8 that is most important in our studies. NOT ......... The rate they finally come out with.
Why? ............ Because we will NEVER EVER be told the TRUE numbers of the IQD's backing ........ NEVER!!!
Therefore what good does it do a blind man as I in this investment to waste time visiting a mind to preform for me.......... The CBI. I can not see the CBI's Truth............. YET!
Soon I will be able to see the CBI rate.
Therein lies the beauty of our investment ........... The FACT that the CBI is ready to release .......... A Start.
Benblessed1 ............. This is an Excellent post ............ Our guest last night ........ Think so too.
Continue to Take Care of each other KTFA Family with Your productive postings.
Study The Kurds when they sell their oil in 3 days............. From afar watch M and his career.
Aloha Oi........ \m/ KTFA, Frank
luvwolfs: he RI makes the GCR easier to complete. In order for a GCR countries need to be reevaluated. JMO
ASN: All the other currency's will RV up or down not RI! The other currency's are already internationally recognized and traded.
Misspriss : RI in Iraq will affect all other currencies according to tony (or many, maybe not all)
Suri : THE GCR IS WHAT WE NEED FOR THE DONG AND OTHERS
Txgirl43: Suri so we need the rv then the gcr for the other currencey right
Suri: TXGIRL43 WE NEED THE GCR FROM WHAT I UNDERSTAND FOR THE OTHER CURRENCEYS
Bamaltc: The world could accept the RI without RV/GCR.... IMO this would explain Okie's China vs USA battle. RI without RV/GCR leaves China out--no contract rates for oil credits and no RV of the Dong. In the end, China will get what they want..
Inola7: How I see this is since the US was holding back the RV, Milaki (sic?) by RIing skirted the hold up by the US and now the ball is once again rolling?
Mangelo: everything has to be going in our favor, I would think! after the 30th the contacts, agreements with the dinaroil credits could go out the window, from my understanding, it seems that the party that is winning doesn't like the US, that's not good, so we should hear some news real soon, logicly?
ASN: Keep this mind for many years its been said the Iraqi Dinar would not be more the $.50 higher or lower then the KWD. So even though the IQD RI'ed at $3.22 when this becomes public it could be back at $3.71.
Somebody tell me the different RI / RV ?
Posted by Finni on April 29, 2014
I just heard they talking about RI can happen before the RV...is this something only for the US... hope somebody can tell me.. thank you :-))))
G T April 29, 2014 at 9:17am RV vs RI Rates
The RI reinstates the rate the Dinar was before the war. It's NOT the RV/GCR rate. The RV has NOT been activated. The VNN WASN'T INCLUDED & has not been determined if the VNN will RI. It, too, qualifies to be reinstated at the rate it was before the war (Approx $2+).
This is completely separate from the RV rate that will follows Because the private placement groups were guaranteeing as much as $7.00, it suggests the RV rate will be significantly higher, which forces decisions as to whether they will exchange at the RI rate or wait for the RV rate. Hope that helps....
[Digs] Can someone please explain to me what exactly Okie said he "Confirmed"?
[drl] Digs he confirmed that an RI took place in Iraq.
[Digs] how is it that Iraq did not devalue thier own currency years ago, but they are the ones that have to power to reinstitute it's value?
[drl] Digs Their currency was devalued because of US sanctions!
[starpath1] One of the control factors used by the PTB forever is to make people give up hope. When we give up hope we have already given up our power . . . . .JMO
[starpath1] When people are without hope, we will grasp gratefully at any straw. I wonder how much intel is fed to intel providers for the purpose of manipulating us into giving up hope. JMO
[starpath1] I respect all who pass on what they have received. They are helping us the best they can. JMO