July 29th 11am

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The Dinar Recaps Team

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Peoples Dinar & Currency Chatter Member News & Highlights

Peoples Dinar & Currency Chatter Member News & Highlights

Post From Peoples Dinar:  

Thepreacherman2017:     JMHO!!! It's just gonna happen! Without warning! Without preparation! SUDDENLY!!!

Be a believer, be a receiver.   Be a doubter, be a do-withouter!
The Executive Board approves the decision set forth in SM/81/34, Supplement, 1 (3/17/81).
Decision No. 6790-(81/43), March 20, 1981,  as amended by Decision No. 11728-(98/56),
May 21, 1998     SM/81/34, Sup. 1
The Executive Board has reviewed the Fund’s policy with respect to multiple currency practices. The Fund shall be guided by the approach outlined in the conclusions set forth below.
Read More

Post From IQDCalls Chat Room  
Chat Room News Excerpts & Highlights Friday Late PM 7-28-17 Part 2 of 2

tman23: In his visit to Moscow this week, Iraqi Vice President Nuri Al-Maliki peddled what he presented as his big idea: inviting Russia to build “a significant presence’ in Iraq to counter-balance that of the United States. Since Maliki is reputed to be Tehran’s candidate as the next Iraqi prime Minister his “invitation” to Russia cannot be dismissed as a mere personal whim.
With ISIS driven out of Mosul and, hopefully, soon to be driven other pockets of territory it still controls in Iraq, the decks are being cleared for the forthcoming general election that would decide the shape of the next government in Baghdad.

Post From IQDCalls Chat Room  
Chat Room News Excerpts & Highlights Friday Late PM 7-28-17 Part 1 of 2
chattels: good afternoon all
chattels: Referendum is simple: Independence yes or no, said Kirkuk governor By Rudaw http://www.rudaw.net/english/kurdistan/280720171
chattels: In a passionate speech addressing the United States at a conference in Washington, Barzani said the One Iraq Policy has been tried time and again, but failed at every stage, and argued that an independent Kurdistan would be a strategic ally for the US.
The US has not suffered a single casualty in Kurdistan since the foundation of the regional government in 1991, he said, in sharp contrast with Iraq where the US army has lost thousands of troops since the US-led invasion in 2003.


Dinar Updates - Round Table Q&A Call w/ BGG, Mr White, MadScout and More -
​Audio Player from Friday July 28th

Dial in replay  641-715-3639   pin 528733#

( In Recaps Newsletter, click blue title for audio player. )

From DinarUpdates.com

53 Minute Call ​​


MilitiaMan:  Walkingstick:  Buy and sell currency window

the latest instructions issued by the Central Bank of Iraq, the adoption of new mechanisms to facilitate procedures in the use of foreign currency to cover imports and confirm the identification of the last beneficiary in order to preserve Iraq's funds from misuse of the bank, while the governor of the Central Bank Ali Mohsen Alalak, :

 "The Central will adopt in 2017 new visions of the applications of monetary policy for the purpose of achieving the objectives set out in Law 56 of 2004 and most important to maintain the exchange rate of the dinar and its value covered in foreign currency, through the construction of foreign currency reserves and In accordance with international standards 

in calculating the external cash reserve to cover the dinar and cover the imports entering Iraq "; and the other main objective is to preserve foreign currency from its use for non-economic purposes and development. 


BillA:  OK, so the question in my mind is, if they intend to use the USD as a reserve currency, then the USD would have to be backed by say GOLD - Oil - Minerals - and/or other asset backed foreign currencies itself.......wouldn't it?
Walkingstick:  Zimbabwe: Gold Reserves to Back Currency

28 JULY 2017

Government is building diamond and gold reserves to back the local currency upon its re-introduction in future, Vice-President Emmerson Mnangagwa has said. VP Mnangagwa refused to disclose when the local currency would be re-introduced, but said it would only come back when mineral reserves reached desired levels.

He was speaking during an advocacy meeting on the new Constitution that was organised by the Ministry of Justice, Legal and Parliamentary Affairs in Chiredzi.

VP Mnangagwa oversees the Justice Ministry.

Responding to questions on the prevailing cash shortages, the Vice President said Government was working on ways to stem the shortages.