Sterling/Reserves/Structuring/ and other topics

Hey Dinar Family,

I have not written in sometime.  However, there are a few topics I think merit some discussion.  Certainly not to beat an already dead horse - "Sterling".   Additional insights into why and lessons the community here can learn from the Sterling episode.  

Secondly, this whole "reserve concept" needs to be addressed before any more folks get hurt.  Lastly, the Vegas, Vegas, Vegas crowd.

I have been reluctant to address any of the above out of fear of sounding "negative" or a "party pooper" or "dashing folks hopes".   However, it is time to put some of these to rest and for some in the community to start planning based upon the "facts" not unrealistic expectations.
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Thanks MY LADIES for letting us share from your private chatroom today:

MY LADIES:   OK LET'S TAKE A QUICK SPIN THROUGH IRAQ...OK??

BANDITO BROUGHT SOME STUFF IN I WANT TO LOOK AT....READY??

BaNDiTo_RoX:   Adviser Abadi: calls for central a realistic exchange rate for the dinar

Saleh said in a statement published by local media, followed up "obelisk", that "the Iraqi dinar exchange rate is the same as the external value of the national currency, the value of money and this value is important to relate to the external sector, because most goods and products are imported

MY LADIES:   HUMMM SO WHAT IS HE SAYING HERE??? LET'S KEEP READING
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aggiedad77 ? June 27th, 2015,

Saturday News Summaries and Commentaries

Economic adviser to the servants, the central bank must find a realistic price for the price of the dinar exchange Intasp with oil prices

I so enjoy reading things when Dr.S and Dr. Saleh appear to be doing things in tandem......a coordinated effort of sorts it would seem....let them crow because they know what is coming.....aligning the price of the dinar with oil, maintaining stability to ensure a smooth progression of the MR......

They understand what it will take to fully see the original dream for this currency to once again thrive.....cautious and calculated moves on their part will be what is required, not the political knee-jerks from members of Parliament who want their 15 minutes of fame and then wither in the flames of the fire..
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Thanks My Ladies For Letting us Share from your private Chatroom today:

MY LADIES:   HERE IS THE BEGINNING OF THE END.... WHAT IS GREECE SAYING HERE???

http://www.nytimes.com/2015/06/27/business/international/greek-debt-talks-enter-final-stages.html?_r=0

http://rt.com/news/270046-greece-debt-deal-referendum/

http://www.telegraph.co.uk/finance/economics/11702829/Greece-to-hold-referendum-on-bailout-deal-with-Europe.html

http://www.telegraph.co.uk/finance/economics/11700327/Greece-debt-crisis-creditors-proposal-live.html

http://www.aljazeera.com/news/2015/06/greece-tsipras-referendum-bailout-debt-150626222058838.html
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I also want to remind you that there is another version of HCL too that Kurdistan needs implemented. I have talked about this version of HCL in my past news letters.

It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Badgdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. All this revenue goes directly to Kurdistan. In the past they have been pumping oil and generating this excess oil revenues and so Badgdad has refused to pay the total 17% claiming they are being funded with this excess oil revenue anyhow and they  violated their stick quotas (looked at as limitations). This was of course a matter of interpretation of the law. The fact was by not paying the full 17% the GOI was in violation of the HCL (and the constitution). So the Kurds hope this new version of the law will clarify this stance once and for all and eliminate any future confusion. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. Hope this all now makes more sense to everyone.

Dinar Updates:

(Repost) " General Company for Trade Iraqi business services at the Ministry of Commerce for the opening near the first Baghdad Shopping Festival and on the land of the Baghdad International Fair... runs from 12 up to 18 of the next month of July will participate by 1,200 companies from different countries including Turkey, Syria, Egypt, Iran, India, Pakistan, Lebanon, United Arab Emirates, Jordan and Kuwait."    

Millionday  WILL CREATE A COMPETITIVE ATMOSPHERE AGAIN ---

WHHHOOOPOW.  NOW LETS SEE IF WE CAN EVEN BEGIN TO SEE THE PROGRESS THAT IRAQ HAS MADE. 

I AM VERY EXCITED TO SEE THIS AND ALL THAT IS GOING ON.  
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KTFA 

Bernice:    Can I ask some questions?.... I got lost somewhere in this....not sure if dollar is devaluing why would we want to have money if the dinar rate was finally release?...if dong finally does something what currency would you actually want to exchange it for so you could use it here in the in US....I can see if in Vietnam great but if not there how do you use it?....sorry for the paying better attention...rough day .thanks

Frank26: If the USD is devaluing then You have converted it to a currency who's Governor of it's Central Bank has said he is lifting their 000's from their exchange rate to add value to it.

Seems to me ......... You are prepared for any ....... Rumors.