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Post From Dinar Updates
Chat Room News Excerpts & Highlights
_firefly_ says():MONDAY, JANUARY 9, 2017 CBI adopts IBAN system 4:02 PM ADMIN
Baghdad/ Iraq TradeLink: The Central Bank of Iraq (CBI) announced the adoption of the
international account (IBAN) for foreign transactions to develop the banking system here.
In a statement, the decision became effective from 2 January, 2017 in order to avoid the mistakes during financial transactions.
No other details were given. Posted in: Baghdad,Economy
_firefly_ says():In a statement, the decision became effective from 2 January, 2017 in order to avoid the mistakes during financial transactions.
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TNT:
StarChaser: What keeps me in this for so long is viewing the " historical rates of the Iraqi Dinar ". Anyone not sure about this should Google this info. Iraq is producing roughly 4.6 million barrels of oil per day now. They cannot continue to have basically worthless currency and survive internationally. Look at what happened to their neighbor Kuwait.
Starchaser: Currently, Iraq is producing roughly 2 times the amount of oil that Kuwait is producing. Kuwait's Dinar value is roughly $3.50 -- that should let everyone know that Iraq can easily have a proposed value of $ 3.71 any day now. That should help anyone wondering if this is real.
Smitzi: I called A Wells Fargo bank yesterday to ask what the xechnage rate for the VND was . She said she did not have access to screen any more but she knew the rates had been very good recently . She said she would have to call the central number to find the rates. She called me back about ten minutes later in a completely different tone of voice and quoted me the old rate. They know something is up and she was obviously told to keep quite. Hang in there . We are close!
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Thanks PinkRoses for sending these to us.
Bruce: Good Evening, everybody. Welcome to the Big Call. Today is February 16th, and we thought last Tuesday would be a good time for us the next few days. We still believe that. We are in good a position that a lot happened to get us to Tuesday and a lot happened to get to us where we are now. A lot has happened the last 24 to 48 hours.
Bruce: What we heard is what we are going to call early exchanges on Vietnamese Dong.
A few weeks ago same type thing going on with the dinar. Some exchanges at some of the major banks with the dinar of what I called at the time with teaser rates. They were done so the banks could increase their liquidity to handle the Basel 3 requirements.
So they needed additional funds so they could hit that liquidity in their banks. That went on primarily with customers that purchased dinar with those banks. They were contacted and asked if they wish to do an exchange at a lower rate for their customers at that time. The last couple of days same thing occur Tuesday on the Vietnamese Dong. Sort like a trial number #2. First on the dinar than now the dong.
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
_firefly_ says():IBAN (International Bank Account Numbers) is for the PRIVATE SECTOR for international transfers
_firefly_ says():The fact that banks in Iraq are READY for IBAN excites me intensely
Okie Dinar says to _firefly_():Me too :)
dale says():firefly : Sounds great.
_firefly_ says():I'm sure it also has the contractors and foreign companys excited as well
popeye7 says to _firefly_():So many things lining up... Isis being run out of Iraq, all of the great economic news, and of course Iraq setting things up to go international... No reason to be pessimistic at all... Thanks for the news FF... (y)(y)
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
popeye7 says to MrsBGG():Hey BGG... Thanks for the call last night... Love the point you made about airlines....
popeye7 says to MrsBGG():the airlines that is... Keeping it all in perspective
BGG says to popeye7():That and the "baby eagle" - in context, were both just common sense...
BGG says to popeye7():which seems to be in short supply these days...
BGG says to popeye7()::D
futuremoney says to popeye7():what point is that ? I missed the call
popeye7 says to MrsBGG():Double our pleasure!... (y)(y) Agreed BGG... Lots of hype out there... :D
BGG says to popeye7():TTYL - off to worky worky :)
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Audio Player from Thursday 2/16/2017
Dial in replay 641-715-3639 pin 528733#
(In Recaps Newsletter, click blue title for audio player.)
From DinarUpdates.com
45 Minute Call
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The below posts were in our 10pm Newsletter
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Thursday Early AM Chat 2-16-17 Part 2 of 2
larrykn says():(Reuters) If Islamic State is driven from its Iraqi stronghold of Mosul, it will switch tactics to wage an insurgency from mountains and deserts, a top Kurdish intelligence official has told Reuters.
Lahur Talabany, a senior figure in Kurdistan's counter-terrorism efforts, also expressed concerns that another group similar to the Sunni Muslim Islamic State could emerge to menace Iraq again if political leaders fail to secure reconciliation between sects.
"Mosul will get taken ... I think it is the asymmetric warfare that we need to be worried about," he said.
"Our jobs will become much more difficult. The army will take a rest a little, but it will be the job of security forces that will become more difficult."
Talabany said there were signs that Islamic State planned to shelter in the Hamrin mountains in the northeast, which could serve as a base for attacks on several provinces.
He cited about five attacks on security forces in Diyala province in the last month.
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Thursday Early AM Chat 2-16-17 Part 1 of 2
loop says(): Preparation specialists judges combating money laundering and terrorism financing
Banks
Economy News / Baghdad ... Supreme Judicial Council announced, for the number of judges specialized in economic affairs to combat money laundering and terrorism financing, and the establishment of training courses in coordination with the Iraqi private banks association and company Iraqna agent Company (ACAMS) International.
He said the training director of the Association Ahmed al-Hashemi, said the cooperation with the Supreme Judicial Council, is aimed to prepare specialized skills to diagnose cases of money laundering and financing of terrorism and contain fully through the local expertise that Tbdomn banks down to the judiciary, as it represents the integration of the experiences the most important steps to reduce these crimes that must be dealt with before they occur.
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KTFA:
RE: Backdoc Post Today
Greenclan: THANK YOU DOC.....always great stuff.
Well it looks like the digital dollar is the "secret sauce" needed
for Iraq to push the button - pull the trigger - get the new value
out.............correct ?
thank you
greenclan
Backdoc: YES IT ALWAYS WAS SINCE IT IS THE WORLDS RESERVE CURRENCY AND THE REFERENCE OF VALUE! DOC IMO
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WSOMN:
ADMINBiLL: THIS EVENT APPEARS TO BE PLAYING OUT.
AvonLady: Well I had a very good meeting with the wealth mgr and a Financial advisor
I went in with 15 questions to ask.... thru in a few odd ball ones to see if they continue answering
This was at WF
Very good responses from them.... they know their job and they are fully aware of whats going on around them .... I asked some pretty good questions.. they told me it tooks as if I had been studying or taking lesson because I knew what I was looking for
So about an hour into it.... both were with me at that time... I asked them both what they knew about the foreign currency and rates
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The below posts were in our 6pm newsletter
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KTFA:
PappaJack: REALLY????? SO YOU FINALLY WANT TO TELL THE PUBLIC SOMETHING DO YOU! (See article below)
YOU A LITTLE BEHIND I THINK YOU SHOULD HAVEE BEEN READING KTFA , THE 3M'S COULD HAVE BROUGHT YOU UP TO SPEED MONTHS AGO. CAN WE ALL SAY BLOCKCHAIN TECHNOLOGY ! BOOM!!!!! SMILE FAMILY!!!!!!! PJ
BACKDOC: YES PJ! WE HAVE BEEN TEACHING THIS FOR 2 YEARS NOW AND WE HAVE BROUGHT THE FAMILY TO THIS DAY!
TODAY IS MORE THAN THE ANNOUNCEMENT ABOUT THE NEW DIGITAL SYSTEM, LET ME EXPLAIN.
A FEW WEEKS AGO WE SAW A PREVIOUS ARTICLE ON THE NEW DIGITAL SWIFT SYSTEM AND THAT THEY HAD UPGRADED TO THIS NEW TECHNOLOGY.
THEY HAD NOT OFFICIALLY IMPLEMENTED AT THAT TIME BUT TODAY, BOOM! IMPLEMENTED!
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Part 3:
DELTA: They definitely met on the 17th to the 19th and during those meetings we believe it was a high possibility that Iraq got the green light to lift the value.
I did bring you an article that indicated that every member nation when they want to change their rate....they must let the IMF know within 30 days of the implementation...and by the way this is not a rumor....
I know some will say oh now DELTA says this or he says that....or Frankie is saying....we are not making this up.....you have to go to the IMF website to look this stuff and in there they tell you about the 30 days....the only thing we do not know is when the 30 days exactly started....
We know the Indicative Rate was stopped on January 4th...but by the way Family it was not January 4th because on the Arabic side it did not show there on January 3rd....but which ever day it doesn't matter....so basically the 30 days can give you three window....one of them was January 4th, the next was January 12th...why the 12th...because I told you when we were monitoring the spreadsheet the program rate there was taken off on the 12th....on the 12th they took the program rate off....all you have is the market rate...
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Part 2:
Frank26: Kuwait all of a sudden paid a $35 million dollar bill they had outstanding....with the snap of a finger....how are you guys doing this.
"Iraq made 5 trillion dinars to pay off the interest of their foreign loans"....how are you doing this....I don't understand....but seriously....I do understand...and I need for you to understand too Family.
Their Monetary Reform has blossomed to the point where "Time is Up".....you have to release the rate now.....every little thing that has been promised to you....has been given to you....the Security and Stability as far as Mosul goes....come on you know what we are doing....I may even talk to you tonight about al-Baghdadi.
Articles that came out....Article #28 that we added to our "Final Articles" thread....my goodness gracious it is impressive....did you read it....yeah...we want to raise it...we want back to our glory days...and this is what we are doing....I'm sorry it is hard to misinterpret those articles because they are so clear....
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KTFA:
Aggiedad77: Hello Family I apologize for the delay in Monday's Night's CC Notes...but the call just on the IQD part was 2.5 hours long.....enjoy this huge volume of notes to the max....the BEST is coming.
Aloha Randy
*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
CC Notes for Monday 02-13-2017
As we start our call regarding our investment, I want you to know that all of our TEAM members send you their greetings, we are all basically together....and we now walk into the second part of our call on our study of the Iraqi dinar....and I want to start out by saying I had an Admin staff meeting.....we have 12 of them...and we met on Saturday....and I talked to them because I felt a....what's the proper word.....
I felt a need, a responsibility, a duty....I wanted to talk to them and bring them up to speed of where we were.
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Dodd-Frank (Volcker Rule) Repealed - 2.15.17
11:59:00 PM News
What is the Volcker Rule?
The Volcker Rule is part of Dodd-Frank and prohibits banks from owning, investing, or sponsoring hedge funds, private equity funds, or any proprietary trading operations for their own profit.
To help banks figure out which funds are for their profits and which funds are for customers, the Fed has given banks two years to divest their own funds in get in line with the rule before it's enforced.
However banks can keep any funds that are less than three percent of revenue.
The Volcker Rule does allow some trading when it's necessary for the bank to run its business. For example, banks can engage in currency trading to offset their own holdings in a foreign currency.
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DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter or Facebook account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisers of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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