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6pm  June 20th, 2015

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Table of Contents


 
Emailed To Recaps:

sczin11
:  WHAT IS GOING ON?  CBI GOVERNOR IS ALL OVER THE PLACE!  KEYWORDS THIS, KEYWORDS THAT..CAN YOU SAY..THE STUFF IS ABOUT TO HIT THE FAN? 

BIG RELEASES FROM THE GOVERNOR OF THE CBI TODAY, SATURDAY...THE FIRST SATURDAY BANKING DAY IN IRAQ, AND THE DAY BEFORE THE EMERGENCY FINANCE COMMITTEE MEETING...AND TWO DAYS AFTER THE COM CRISIS CELL MEETING...

HE ADMITS BEING UNDER PRESSURE...

HE STATES INFLATION IS NEGLIGIBLE...HE CONFIRMS REMOVING THE 8% TAX ON CURRENCY EXCHANGE EFFECTIVE TOMORROW, SUNDAY, JUNE 21, 2015...( when in fact, earlier in the week, it was announced July 1)...

HE STATES MONETARY PLAN MODEL NEEDED FOR currency IN THE COUNTRY...HE CONFIRMS $68 BILLION IN BANK RESERVES...
....


 

8:45 AM:  Dave:  Sadly it puts this metemorphsis in a date down the road a bit...

MY LADIES:  DAVE WE ARE MUCH MUCH CLOSER THAN ONE MIGHT THINK.

WE ARE HEARING TO MUCH IN MAIN STREAM MEDIA ABOUT ASIA AND BONDS AND UKRAIN, AND GREECE, AND DUBAI, AND SAUDI, THAT WE KNOW THEY ARE FURTHER DOWN THE ROAD THEN WE THINK


SANCTIONS...LET'S KEEP OUR NEW FOCAL POINT ON WHO IS UNDER SANCTIONS AND THE REASONS THEY ARE COMING UP WITH TO HAVE SANCTIONS REMOVED.

IT'S ALL OUT THERE..THE END OF THIS MONTH IS SIGNIFICANT FOR MANY REASONS.

STAY OUT OF IRAQ AND YOUR FRUSTRATIONS WILL SUBSIDE.
....


  
Thanks My Ladies for letting us share from your chatroom today:

6:41AM: WC:  From the moment they introduced a re-invention of asset class currency we knew that fiat would be sucking wind. 

Now I am not sure how Greece's default will really do anything for the dinar, but should thrash the bond markets and underlying swap deals (perhaps not true with all these recent swap deals). 


 So the brics are bringing on their new bank and system, big deal.  They are poor in nature and are fed from our breast, IMO. 

The IMF have been warning fiat currency nations that if they prepare in the right way, they should not fear asset based currencies.  So all of that to say Iraq I believe will be one of those asset based currencies.  

Their currency problems is like you having a one million dollar painting in your living room, but only having one dollar in your wallet.  You too would be having liquidity issues until you leveraged that painting.  Oh, but what do I know....nothing
....


  
Morning News Comments 06/20/2015

Put a picture "Kut Barrage" new financial currency

[tlm724] The President of the Council of Wasit province Mazen Zamili, Friday, for the approval of the Central Bank of Iraq and taking into consideration the development of image Kut Barrage in the new financial currency.

[tlm724] that "the Governor of the Central Bank has agreed to our request submitted taking Kut Barrage need to give great importance to being a landmark and a national treasure to be its image in one of the new currency."

[tlm724] you know what that shows us ?

[tlm724] shows us that the new 50 and 100 k notes haven't been printed yet, remember the art that said they may come out next month ? I don't think if they are still working on the design that they would be ready that soon, just sayin...

~~~


 

Thank You BGG for sending to dinar Recaps

DinarUpdates.com / BGG Friday Nite Chat

Donnie: RV can happen when everything is done.  We don't have the list of what that everything is.  If we did we'd be able to cheat and buy a ton of Dinar right before the last thing on the list is complete.  

So IMO we'll never know what has to be done until after the RV and we look back to see what was done.  Providing we have time to look back with all that money to count and invest and use to help others.

beth: Donne, I agree. Too bad that we didn't have the blueprint of this RV.  (lol)

BGG: IMHO - I don't agree with that - in fact, Xxx was hinting around the same idea today as well...
~~~


 

3 Comments

 

KTFA:

Frank26:
  KTFA FAMILY ............ They are working the MR in this method :

Credit Rating to LDs for next month ......... Many are excited and FUELED for they are pegged to the IQD........... As this leads to Article 8 compliances.

Many are doing things they can not afford at the moment ........ Kinda cool IMO.

Please enjoy this article.

KTFA   Frank

....


  
Millionday News 6/19/15  Part 2 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: THE ISSUE IS THAT IS NOT A GOOD THING -- THEY HAVE REFORMS AND PLANNING TO THINK ABOUT -- PRICING ETC -- THE GOAL IS TO MINIMIZE THAT

Millionday: Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft.

Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution.

Issued the following law:   National Guard Law

Millionday: WHHHHOOOPOW
~~~


Millionday News 6/19/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Governor of the Central Bank take on the Keywords, Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly, confirming the approval of the crisis cell on the Bank's proposal to delete the custom duty and tax on the purchase of the dollar.

Millionday: NOTE -- SOME THINK THIS IS NOT A GOOD THING --BUT - 

A PARALLEL MARKET CAN NOT DEVELOP-- THIS WILL MINIMIZE THE SPREAD FROM OFFICIAL RATE ---SO WE CALL THIS ECONOMIC TOOLS BEING USED FOR PREPARATION

Millionday: Keywords and he said in a press statement Agency / information /, received a copy of it, that "the economic crisis cell headed by Prime Minister Haider al-Abadi agreed to the proposal of the Central Bank of Iraq delete custom duty and tax imposed on the purchase of the dollar, amounting to 8%."
~~~


 

Thanks My Ladies for letting us share this today.

JP: Mary, what are your reasons for July being good?

MY LADIES:  THIS MONTH WE HAVE IRAN SANCTIONS, GREECE DEADLINE AND ONE THING OR ANOTHER WILL HAPPEN, WE HAVE THE CREDIT RATING FOR IRAQ, WE HAVE THE START OF THE RUSSIAN SETTLEMENT SYSTEM AND THE CHINESE SETTLEMENT SYSTEM, WE HAVE UKRAINE GETTING READY TO EXIT (The Euro)

AND THERE ARE PLENTY OF THINGS HAPPENING IN JULY TOO.

LIKE I JUST POSTED JUST LOOK AROUND AT ALL THINGS GLOBAL AND ALL THINGS BANKING, LOOK AT THE MARKETS AND ESPECIALLY THE POSITIONING IN THE COMMODITIES MARKETS
....


  
KiwiDoc: Does anyone know when the next conference call is?

OOTW: NOT SURE GUYS

OOTW: THE NEWS TODAY IS GREAT

OOTW: WE MAY WAIT UNTIL SUNDAY AFTER THE PARLIAMENT RELEASES / IF THEY RELEASE ENOUGH INFO

KiwiDoc: I'm glad I heard your first call. Starting from day 1 is cooL.

OOTW: THANKS KIWI YEP THAT WAS THE FIRST TIME EVER FOR ME

OOTW: I WAS SOO NERVOUS  LOL
~~~


The below posts were in our 11am newsletter
tman23 - I have said end of June is the end of the road... There is no more road left for the Baghdad procrastinators to kick the can down...

And as PROOF...we now see the Kurd delegation heading to Baghdad next week...This is not a negotiation that is going to take place...

The Kurds will tell Abadi, not Abadi telling the Kurds! This is the "breaking point".
All I can say is...

This IQD revaluation is complete speculation...That is why we are all here!

The HEAT is on and the opportunity for us speculators doesn't get any better than the position we sit in right now...

The GOI must make a move...how that plays out for us remains to be seen... I am not negative to any of what is happening...Quite Frankly...

IT IS WHAT WE HAVE BEEN WAITING FOR...THE GRAND FINALE!!

Thank You BGG for sending to dinar Recaps

DinarUpdates.com / BGG Friday Nite Chat

Donnie: RV can happen when everything is done.  We don't have the list of what that everything is.  If we did we'd be able to cheat and buy a ton of Dinar right before the last thing on the list is complete.  

So IMO we'll never know what has to be done until after the RV and we look back to see what was done.  Providing we have time to look back with all that money to count and invest and use to help others.

beth: Donne, I agree. Too bad that we didn't have the blueprint of this RV.  (lol)

BGG: IMHO - I don't agree with that - in fact, Xxx was hinting around the same idea today as well...
~~~


 

KTFA:

Frank26:
  KTFA FAMILY ............ They are working the MR in this method :

Credit Rating to LDs for next month ......... Many are excited and FUELED for they are pegged to the IQD........... As this leads to Article 8 compliances.

Many are doing things they can not afford at the moment ........ Kinda cool IMO.

Please enjoy this article.

KTFA   Frank

.... 


Millionday News 6/19/15  Part 2 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: THE ISSUE IS THAT IS NOT A GOOD THING -- THEY HAVE REFORMS AND PLANNING TO THINK ABOUT -- PRICING ETC -- THE GOAL IS TO MINIMIZE THAT

Millionday: Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft.

Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution.

Issued the following law:   National Guard Law

Millionday: WHHHHOOOPOW
~~~


Millionday News 6/19/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Governor of the Central Bank take on the Keywords, Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly, confirming the approval of the crisis cell on the Bank's proposal to delete the custom duty and tax on the purchase of the dollar.

Millionday: NOTE -- SOME THINK THIS IS NOT A GOOD THING --BUT - 

A PARALLEL MARKET CAN NOT DEVELOP-- THIS WILL MINIMIZE THE SPREAD FROM OFFICIAL RATE ---SO WE CALL THIS ECONOMIC TOOLS BEING USED FOR PREPARATION

Millionday: Keywords and he said in a press statement Agency / information /, received a copy of it, that "the economic crisis cell headed by Prime Minister Haider al-Abadi agreed to the proposal of the Central Bank of Iraq delete custom duty and tax imposed on the purchase of the dollar, amounting to 8%."
~~~


 

Thanks My Ladies for letting us share this today.

JP: Mary, what are your reasons for July being good?

MY LADIES:  THIS MONTH WE HAVE IRAN SANCTIONS, GREECE DEADLINE AND ONE THING OR ANOTHER WILL HAPPEN, WE HAVE THE CREDIT RATING FOR IRAQ, WE HAVE THE START OF THE RUSSIAN SETTLEMENT SYSTEM AND THE CHINESE SETTLEMENT SYSTEM, WE HAVE UKRAINE GETTING READY TO EXIT (The Euro)

AND THERE ARE PLENTY OF THINGS HAPPENING IN JULY TOO.

LIKE I JUST POSTED JUST LOOK AROUND AT ALL THINGS GLOBAL AND ALL THINGS BANKING, LOOK AT THE MARKETS AND ESPECIALLY THE POSITIONING IN THE COMMODITIES MARKETS
....


KiwiDoc: Does anyone know when the next conference call is?

OOTW: NOT SURE GUYS

OOTW: THE NEWS TODAY IS GREAT

OOTW: WE MAY WAIT UNTIL SUNDAY AFTER THE PARLIAMENT RELEASES / IF THEY RELEASE ENOUGH INFO

KiwiDoc: I'm glad I heard your first call. Starting from day 1 is cooL.

OOTW: THANKS KIWI YEP THAT WAS THE FIRST TIME EVER FOR ME

OOTW: I WAS SOO NERVOUS  LOL
~~~


[tlm724] Iraq will never be stable as bubbies said yesterday history repeats its self

[therealbubbie] and you see articles that say ... the dinar is strong .. well if the dinar is so strong then why are they using the dollars in the streets ! 

[tlm724] yes those dollars were supposed to pay for imports

[therealbubbie] like I've said they way we look at things and they way they look at things maybe different !  and all I've said is pretty much facts .. ! I am not trying to get anyone down .. but what I've said is the truth .. saying that with all the bs going on in Iraq they moved the market price over 700 pips in 2 days .. 

[tlm724] it is reasonable to assume that the CBI can do what they want with dinar pricing based on what you presented bubbies and the question remains what is stopping them ? Thank you great job !!
~~~


 

From Recaps Comment Section:

RE: Thoughts From a Dinarian:  http://www.dinarrecaps.com/our-blog/thoughts-from-a-dinarian-emailed-to-recaps#comments

MY LADIES:   DINARIAN VERY WELL WRITTEN AND GREAT THOUGHTS. PLEASE LET ME ADD TO THE COMMENTS

WE HAVE A NEW INFLUX OF VERY YOUNG NEW MILLIONAIRES. THEY ARE YOUNG ADULTS IN THEIR 20'S. I SEE IT EVERYDAY. PLEASE LET'S LOOK AT THE YOUNG TECH MILLIONAIRES COMING ONTO THE SCENE EVERYDAY. AND LOOK AT THEIR IPO'S. THEIR STOCK WAS INTRODUCED VERY LOW TOO.
http://money.cnn.com/2014/02/27/investing/young-tech-millionaire-investors/

THERE ARE MANY GOOD POINTS HERE FOR SURE, AND THE COMMENT FROM BOB S.  (posted below) WHAT ABOUT THOSE BACK BEFORE 2003 WHEN THE DINAR WAS AT 3-1. OVER NIGHT IS CRASHED. GOOD POINT THERE TOO.
.... 


BLC Admins Chat 06/19/2015  PART 1 OF 2

Prime Minister Dr. Haider Abadi presides over a meeting of the crisis cell

Mr. Prime Minister, Dr. Haidar al-Abbadi on Thursday chaired a meeting of the crisis cell was it examined the economic and financial situation.

The Prime Minister stressed the need for follow-up and address any problematic novel including in particular to maintain the dinar's exchange rate against the dollar in the domestic market,

and the prosecution of factors no trouble getting to Aigturn the conditions of objectivity, as happened during the last days of the rise of a sudden is not justified, but was quickly brought under control.

agreed crisis cell on the proposal of the Central Bank of Iraq delete ratio of 8 percent, which represents income tax and Alcomerk which was added cash remittances. 
~~~


 

Thoughts from a Dinarian:

I wanted to bring something up that's kind of been on my mind to see if any of you have had any reaction to what I have to say as well. Mind you, I' don't feel threatened whatsoever, I'd just like to bring it up for possible feedback and other points of view, so here goes:

Dxxx Sxxxxxx and Xxx and 'many' others including some of our family members have made statements that imply that we are all... let's just say, not of right mind to think that we are going to get get rich on the RI/RV.

The main implication I take away is that we're living in dreamland if we think we're going to get something for nothing.

And this is what gets my dander up.

I don't see it that way at all. I, like most of you, invested cold hard cash to purchase foreign currency as an investment; we paid money for it in hopes of a positive ROI.
....


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