F: Delta, what you found, what you brought to us, I think that’s what he’s looking for.
Because now the Nominal calculations, not too high, not too low, have given the Real
Effective Exchange Rate, and they’re about to release it, I think. He was looking for
this! And here is the vehicle to show this. They changed how they are putting their
mathematical rate on their site. This is exciting.
D: It is!
F: I can’t wait to talk to him.
D: Absolutely. And not only that Frankie, it looks like, those numbers there, they are
now basically international. Not the rate yet. And remember the key part was when
they said “Oh by the way, we’re going to redenominate, reconstruct the currency, the
dinar’s going to take the place of the thousand.
Not only for Iraq, but like I told you last time, but they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated.
D: You do remember a while back, what you gave to the Family, when the CBI sent this
letter to Baghdad “Oh by the way, the international exchange rate for the Iraqi Dinar is
under study and as soon as they get a conclusion we’ll let you know.” Remember that
3 or 4 years ago, when they sent that memo to every bank.
So it looks like the rate is calculated and everything’s done. But I was looking for
something like that, when you told me that Walkingstick asked you that if I see
something, that I was to let you know. You know I was expecting something there. It
looks like the CBI now is ready to release the new rate and it could happen at any
moment now, based on those details.
I’ve got another report for you real quick Frank. It looks like the Central Bank of Iraq
they did update their financial position for the month of October.
Remember the one that I follow all the time. The one that gives the currency issues and everything. So it looks like they did again in October, they did print the same kind of amount, a little bit higher: $55 million dollars of worth of currency issuing.
What I’m trying to tell you right now, I noticed the money supply, remember two or three days ago, the CBI and everybody came out and said “Oh by the way, the money supply outside the bank is 44 trillion.” It looks like for the whole year it was 43 Trillion.
But now for the month of October it was 43 Trillion and they increased by 1 Trillion
dinar. Now I do believe that this extra 1 trillion dinar that added to the money supply,
those are the lower denominations that they did print.
But here’s the interesting part: it looks like that 1 Trillion dinar, is going to a replace the
value of the 43 trillion dinar. Did you get that? Did you get that Frankie?
The 1 Trillion dinars that was added to the money supply, to jump it from 43 Trillion to
44 Trillion dinars, we do believe that is the currency that they because this currency is
going to have higher value than what they have.
So what’s gonna happen is remember, they’re going to introduce the lower denomination notes and add value that’s going to replace and phase out the 3-zero notes. So how much do they have in total? They have about 43 trillion outside the bank, which is worth about 40 billion dollars. So Frankie, this 1 trillion dinars they have, they should have a very high value, in order for them to replace THE WHOLE VALUE of the 43 trillion dinars.
F: That’s a heck of a point you just made. That is impressive thinking. Thank you.
D: If you do the division Frankie, just think about it, 1 Trillion dinar in circulation in new
notes, so right there, you can figure out very close, how much the rate has to be in
order for them to cover-up the whole 43 Trillion that they have right now.
So remember, the restructuring of the currency, the purpose of that is to reduce the
bank notes; the currency notes in circulation. So from 43 Trillion to 44 Trillion, that 1
Trillion, is the key here. So it looks like that Trillion is going to be the coins, the 10
dinars, the 5 dinars, all that LDs, to replace the whole 43 Trillion.
So the calculations, the mathematics is going to be like this: 1 Trillion New Iraqi Dinars
is going to be equivalent to the 43 Trillion Dinars. This is really HUGE and amazing. So
the exchange rate has to be, based on we’ve got here, has to be close to $2.85 to
F: I agree. (Frank stops the recording with Delta for a moment and says: By the way,
this whole Conference Call is in my opinion. Thank you very much.) Very astute. You
did an amazing job in coming up with these conclusions. Thank you Manny. Thank you.
I’m going to run all of this by Walkingstick and see what he has to say.
D: Absolutely. But I think that it’s very important to shoot him a text or let him know
because I think he was waiting for this, now the CBI is showing that. I don’t believe that
is a coincidence. And remember, the question is too Frankie, if you look at those
D: Now you have to ask yourself, where is the Central Bank of Iraq getting those numbers
from? The Fractional numbers. Where are they getting those numbers from? Right? I
mean, I know the 1200 is the Program Rate, the 1190.000.
But where is the Iraqi Market getting those fractions from? Like 1193.853. Where are they bringing those .853? The ONLY way they can do that is they have to be linked
internationally to be able to do that!
F: Yes! Yes. Yes.
D: This is what I’m trying to get here. I mean, you don’t make those numbers up
Frankie. Those numbers, it’s like for example now, you go to the Forex, right? And you
get the Japanese Yen. You can have the exact exchange rate .00, so where did they
get those numbers from?
This is the International Market determining the rate of that currency! So, that gives you indication that the Central Bank of Iraq should show the numbers today or tomorrow, this week, or next week, whatever it is. But the numbers have to show up, because it looks like they’re working late; they have to plug in now the Iraqi exchange rate. Which is the one Walkingstick talked about a long time ago, that they’re going to show us the numbers.
Those fractional numbers, they’re not made for the CBI. Those basic rates, calculated,
based on the international numbers and this is really very significant.
F: Calculated by international numbers. Only need now to show the Real Effective
Exchange Rate. (REER) There it is. That’s brilliant.
D: Yeah they need that. So let’s say they come up, for the sake of the number, $1.00.
They have to have a fractional rate. It cannot be 1.00. They’re going to have a buy and
sell, Let say that number is 1.039 they’ve got to have 3 numbers, it’s actually going to
match like any other currencies.
But now it looks like the Central Bank of Iraq, they got 100% linked to International
Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is
set up from the Central Bank of Iraq and the Iraqi Market is effecting that
D: Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers.
So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information.
F: Okay. I agree with you. Due to the fact that they are showing these “slots,” you know
these digital “slots numbers” available, it means that they have calculated international
numbers. Now, the rate has to do the same thing by announcing that they did this with
the CBI’s REER numbers. The Real numbers. And I like what you just said,
somebody… I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month?
My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43
D: Absolutely, and this is the key Frankie, but of course they might give us a sucker bid,
like we said a long time ago. They might really come out at $1.20, then of course after
6 months, whatever the date is, then throw the exact number there like $2.85, $3.00,
whatever it is.
But based on those details right now from the CBI website, I mean the rate really has to be high in order for them to do that. And make it more attractive.
Remember, the citizens, they want more attractive, especially investors. They need the
real numbers to come out like that. And based on that information from the BIS, a
month or two months ago, when I-Team reported that $2.85 was showing, so it could
be a higher rate, but according to my calculations, based on those numbers, they
should really be in the $2.85 to $3.00 range in order for them to cover all this money.
F: Yes. Is all I’m gonna say (laughing). Very good Delta. Very Good.
Frank stopped the call at this time. —————-
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