The central bank set a new price of the Iraqi dinar against the dollar

[dontlop]

trinity exchange showed me this video .. its a game changer once you see it . and read between the animations and read who they quoted  those from

 

[Nadita]

If Citi group has been involved in dinar since 2006,... I bet some of the dealers bought dinar from them and now everyone is getting their position to ride the economy boom in Iraq.  Hoping this rv comes soon

[George Hayduke]

I think this is going to be the biggest revaluation in our history to have ever occurred. From my friend who has a degree in American History and policy- what we are witnessing is the Marshall Plan after WW2 all over again.

And despite what the lopsters say Germany did experience a currency shock revaluation with their currency

I think the RV rate will be a 1 to 1 rate then rise to over three dollars per dinar

Three dollars would be great but I'll be more than satisfied with $1.  

You make a good point about Germany.  Many ignore that post war Iraq is more comparable to Germany and Japan than Turkey, Mexico or any other country that has RD'd due to inflation not caused by the ravages of war.

It's all just a matter of time...

[dontlop]

If Citi group has been involved in dinar since 2006,... I bet some of the dealers bought dinar from them and now everyone is getting their position to ride the economy boom in Iraq.  Hoping this rv comes soon

 

 

not ...if

 

 

Citi’s WorldLink® Payment Services Stays Ahead of the Curve for Exotic Currency Payment Capabilities

 

 

 

 

IRAQI DINAR

WorldLink® Payment Services has been making IQD payments on behalf of selected clients since 2006 adding to the exotic currencies suite. With the success established over five years, WorldLink has differentiated itself by having local expertise and strong banking relationships in Iraq. WorldLink is now offering IQD payments as a fully developed and proven offering to all relevant WorldLink clients.

While the U.S. dollar remains a widely accepted currency in Iraq, Citi’s cross-border payments specialists anticipate that IQD payments will gain an increasing foothold in support of foreign direct investments.

"Making payments into new countries doesn’t have to be risky or intimidating for clients; the liberalization of markets especially those in the Middle East and Africa are going to undoubtedly change the global economy in the near future. Providing payment options in local currencies is just one step towards building solutions for our clients looking to do business or invest further in these markets." said, Michael Vallance, Global Head of WorldLink® Payment Services at Citi.

To remain focused on exotic currencies with a view to further enhancements, WorldLink Payment Services has expanded its network to fully optimize the current exotic currency offering. This expansion will see a greater capacity for current exotic currencies and will provide the opportunity in the future to bring to market new currency offerings.

Vallance continued, "The payments landscape is changing rapidly and we are watching governments realize the power of their local currencies. It has become imperative to prepare as the shift from the traditional world currencies is being hedged by rising local currency payments. Adding capabilities to bolster cross-border payments capabilities in exotic foreign currencies is a necessary step, not just for Citi, but for any payments provider who is looking to keep pace with expanding client needs and globalization."

For over 25 years, WorldLink Payment Services has successfully enabled Citi’s clients to issue payments in more than 135 currencies, by leveraging an existing network of over 225 partner relationships and accounts WorldLink makes over 30 million payments annually with a value of 750 billion U.S. dollar equivalent. The WorldLink solution is a convenient non-account-based product, offering multicurrency payment solutions for corporations, financial institutions and public entities. Supporting over 4,000 currency pair conversions, WorldLink provides transparent flexible foreign exchange options which are bundled with the most comprehensive distribution network of any international cash management service provider globally.

Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the second quarter of 2011, it held on average $365 billion in liability balances and $13.5 trillion in assets under custody.

 

http://www.citibank..../2011_0921b.jsp

 

citi group is a group of over a hundred companys lending groups and banking affiliates .. its the whole kit and kaboodle ..a one man band .. they do it all .. its the manhatten group .. new york city .global afiliates  central banks  governments 

the elite

after all the fighting is over they remove ch7 and step in

and do it with respect by asking permission ..

Edited July 7, 2013 by dontlop

[Nadita]

Dontlop,

 

I hear you.. it's a big group with a lot of whales in it.  and I like the "selected clients"

[dontlop]

ya most likely govt or corporations large transactions

[uncirculd]

Almost 8 times the value, not to include the 80 Billion that getting ready to go back to the CBI, so you got a total 16% increase of the IQD....1200 divide into 16 = 75.....And this doesn't include the Gold Reserve....and the word Student is what they call folks that sit into these meetings...

Awesome my friend.  Great article.  Great content.

[PD46]

A very good article and a wonderful read this afternoon. 

Thanks Yota. 

[R Veyron]

Come to papa...

[Texas1]

Here's a fun exercise to try: in the example of 1200 dinar equals a dollar, you can divide that by 8, equalling 150 dinar equals a dollar, simply take $1000 dollars and divide by 150.....

now look what you get............

no wonder it won't rv

[cashman54]

3 dollars would be great, but you'd be more satisfied with one dollar? What kind of womanly response is that???

 

Three dollars would be great but I'll be more than satisfied with $1.  

You make a good point about Germany.  Many ignore that post war Iraq is more comparable to Germany and Japan than Turkey, Mexico or any other country that has RD'd due to inflation not caused by the ravages of war.

It's all just a matter of time...

[Doctor Smith]

Dontlop this is completely true I spoke to two banks in the uk and both are expecting the RV I am phoning a bank tomorrow to set up some kind of appointment in the next week or two. From what I know we are extremely close and we should see the RV at the latest by Late july

 

Awesome! I'm considering buying more Dinar. You're not a dealer are you?

[Texas1]

Awesome! I'm considering buying more Dinar. You're not a dealer are you?

do not buy from someone who does not spell believer correctly.........they may not truly believe.....

[fufat]

Here's a fun exercise to try: in the example of 1200 dinar equals a dollar, you can divide that by 8, equalling 150 dinar equals a dollar, simply take $1000 dollars and divide by 150.....

now look what you get............

no wonder it won't rv

Here's another fun excerise and it is a fact. Scenario of 1200 to $1.00 US. To get the value of one dinar you divide 1200 into one dollar and you get roughly one dinar is WORTH 0.0008 of one penny. If the exchange rate is say 600 to 1, one dinar is WORTH 0.0017 of a penny. 50 dinar to 1 equates to 0.02 WORTH per dinar.

As reported the CBI stated they account for more than 33 trillion dinar in circulation which is worth about 26 billion 400 million at present dinar worth. Just keeping it in perspective.

Fufat

Here's another fun excerise and it is a fact. Scenario of 1200 to $1.00 US. To get the value of one dinar you divide 1200 into one dollar and you get roughly one dinar is WORTH 0.0008 of one penny. If the exchange rate is say 600 to 1, one dinar is WORTH 0.0017 of a penny. 50 dinar to 1 equates to 0.02 WORTH per dinar.

As reported the CBI stated they account for more than 33 trillion dinar in circulation which is worth about 26 billion 400 million at present dinar worth. Just keeping it in perspective.

Fufat

For the dinar to be WORTH $3.33 each, the exchange rate has to be .30 dinar to 1.00 US dollar.

Fufat

[spacecadet]

Woo hoo, getr done, roundem up, ships at sea, taking off, codes are in and the button was pushed! STILL WAITING

[ronscarpa]

Great post YOTA...Thanks...! (+)   They announce this needs to be done, so let's pray that they actually punch the button very soon - like before Ramadan, hopefully...!

 

RON   

[awcoffeebean]

Sweet!!!

[rocky808]

So with those last examples of what the dinar has to get to we wait and see if soon will come.

[new york kevin]

Per previous articles right around the time of the release from Chap 7, Iraq had 90 trillion dinar in circulation and were reducing it down to shore up its value. At last look they were down to $30 trillion and were seeking to get in the neighborhood of 9 trillion prior to the RV. I may have my numbers messed up a bit, but this was their then stated goal. So I then don't understand the figures mentioned in this article. Please clarify.

[Annastasia]

Like you said we'll see IF IT HAPPENED TODAY. Because I am in Kuwait and so far nothing and tomorrow is RAMADAN.

Edited July 8, 2013 by Annastasia

[rocky808]

Like you said we'll see IF IT HAPPENED TODAY. Because I am in Kuwait and so far nothing and tomorrow is RAMADAN.

 

hard to get any closer than Annastasia so my fingers are crossed and please chime in anytime and share

[MyLadiesDaddy]

I GOT TO WALK 5 MILES TO GET SOME DOLLARS FOR THESE DINARS  TO BUY SOMETHING.. MY NEIGHBOR GAVE ME 95 CENTS ON THE DINAR EXCHANGE RATE ..TO SAVE ME THE WALK INTO TOWN ,, IS THAT THE STREET RATE ?

 

ONCE THE CURRENCY IS INTERNATIONAL .. YOU CAN GET THE GOING RATE AT A BANK  .. THE OFFICIAL EXCHANGE RATE IS WHAT THEYE WILL USE ..NOT A STREET RATE ..

 

IT SEEMS THE DINARS ARE BEING CIRCULATED INTERNATIONALLY SINCE CH7 .. I CAN WAIT TO SEE WHOS HOLDING THEM .

I DONT THINK THEY WILL CHARGE STREET RATE PLUS EXCHANGE FEE  .. IT WILL BE OFFICIAL RATEPLUS EXCHANGE  FEE

 

CIRCULATE THOSE DINARS TO BANKS INTERNATIONALLY .. THEY CAN DO THAT BY GETTING ITS CURRENCY ACCEPTED .. WHICH THE RATE IS GUARENTEED BY THE CBI RIGHT NOW ..THATS WHAT OFFICIAL RATE MEANS ..

 

ONCE THE BANKS KNOW THERES NO  MORE SANCTIONS ON IRAQ .. THEY SHOULD START ACCEPTING THEM ..ONCE THEY ACCEPT THEM THEY ARE CIRCULATING IN INTERNATIONAL BANKS .

 

JUST PUT OUT THE WORD  TO ALL THE BANKS THE CBI GUARANTEES ITS  DINAR AT WHAT EVER EXCHANGE RIGHT NOW ITS 1166 RATE AGAINST THE DOLLAR ....

 

I HOPE THEY ARE GOING TO RAISE THE GUIARENTEED RATE  BEFORE THEY  ANNOUNBCE  TO THE BANKS ITS ONLINE TRANSACTIONS ARE READY FOR ACTION

 

THEY COULD START OUT AT ANY THING .. 750 .. 1166 .. 1000... 466.4 < WHICH IS WHAT THEY CLAIN THEY HAVE ENOUGH RESERVES FOR RIGHT NOW ..

 

JUST GET THEM ON THE MARKET AND WATCH THEM FLY OFF THE SHELFS ..THE

Saturday there was an article in World Economy taking about how America's

Super billionaires were selling off large amounts of stocks. Those kind of

People don't sell so they can sit around and count their money. So what do

You think they were buying with that money? Then we get the article stating

That International banks have increased demand for dinar. The same day we

Got dozens of articles blabbering about L O P. And for several days we keep reading

About how rich the CBI is. Only way to make sense of this is,

Billionaires are requesting lots of dinar, driving International Demand up.

CBI is attempting to get control, while at the same time trying to convince

The world how undervalued the Dinar is. Something WILL happen SUDDENLY.

me I am looking for tonight.

[arewethereyet777]

Very good post LadyGrace'sDaddy, I agree.  I also like SUDDENLY!  Bless you and your beautiful family 

[balkanbob]

Thank you much Yota.  Your  posts are always  very important and  right on the money.

[NoviceInvestor]

I GOT TO WALK 5 MILES TO GET SOME DOLLARS FOR THESE DINARS TO BUY SOMETHING.. MY NEIGHBOR GAVE ME 95 CENTS ON THE DINAR EXCHANGE RATE ..TO SAVE ME THE WALK INTO TOWN ,, IS THAT THE STREET RATE ?

ONCE THE CURRENCY IS INTERNATIONAL .. YOU CAN GET THE GOING RATE AT A BANK .. THE OFFICIAL EXCHANGE RATE IS WHAT THEYE WILL USE ..NOT A STREET RATE ..

IT SEEMS THE DINARS ARE BEING CIRCULATED INTERNATIONALLY SINCE CH7 .. I CAN WAIT TO SEE WHOS HOLDING THEM .

I DONT THINK THEY WILL CHARGE STREET RATE PLUS EXCHANGE FEE .. IT WILL BE OFFICIAL RATEPLUS EXCHANGE FEE

CIRCULATE THOSE DINARS TO BANKS INTERNATIONALLY .. THEY CAN DO THAT BY GETTING ITS CURRENCY ACCEPTED .. WHICH THE RATE IS GUARENTEED BY THE CBI RIGHT NOW ..THATS WHAT OFFICIAL RATE MEANS ..

ONCE THE BANKS KNOW THERES NO MORE SANCTIONS ON IRAQ .. THEY SHOULD START ACCEPTING THEM ..ONCE THEY ACCEPT THEM THEY ARE CIRCULATING IN INTERNATIONAL BANKS .

JUST PUT OUT THE WORD TO ALL THE BANKS THE CBI GUARANTEES ITS DINAR AT WHAT EVER EXCHANGE RIGHT NOW ITS 1166 RATE AGAINST THE DOLLAR ....

I HOPE THEY ARE GOING TO RAISE THE GUIARENTEED RATE BEFORE THEY ANNOUNBCE TO THE BANKS ITS ONLINE TRANSACTIONS ARE READY FOR ACTION

THEY COULD START OUT AT ANY THING .. 750 .. 1166 .. 1000... 466.4 < WHICH IS WHAT THEY CLAIN THEY HAVE ENOUGH RESERVES FOR RIGHT NOW ..

JUST GET THEM ON THE MARKET AND WATCH THEM FLY OFF THE SHELFS ..THE

Saturday there was an article in World Economy taking about how America's

Super billionaires were selling off large amounts of stocks. Those kind of

People don't sell so they can sit around and count their money. So what do

You think they were buying with that money? Then we get the article stating

That International banks have increased demand for dinar. The same day we

Got dozens of articles blabbering about L O P. And for several days we keep reading

About how rich the CBI is. Only way to make sense of this is,

Billionaires are requesting lots of dinar, driving International Demand up.

CBI is attempting to get control, while at the same time trying to convince

The world how undervalued the Dinar is. Something WILL happen SUDDENLY.

me I am looking for tonight.

I GOT TO WALK 5 MILES TO GET SOME DOLLARS FOR THESE DINARS TO BUY SOMETHING.. MY NEIGHBOR GAVE ME 95 CENTS ON THE DINAR EXCHANGE RATE ..TO SAVE ME THE WALK INTO TOWN ,, IS THAT THE STREET RATE ?

ONCE THE CURRENCY IS INTERNATIONAL .. YOU CAN GET THE GOING RATE AT A BANK .. THE OFFICIAL EXCHANGE RATE IS WHAT THEYE WILL USE ..NOT A STREET RATE ..

IT SEEMS THE DINARS ARE BEING CIRCULATED INTERNATIONALLY SINCE CH7 .. I CAN WAIT TO SEE WHOS HOLDING THEM .

I DONT THINK THEY WILL CHARGE STREET RATE PLUS EXCHANGE FEE .. IT WILL BE OFFICIAL RATEPLUS EXCHANGE FEE

CIRCULATE THOSE DINARS TO BANKS INTERNATIONALLY .. THEY CAN DO THAT BY GETTING ITS CURRENCY ACCEPTED .. WHICH THE RATE IS GUARENTEED BY THE CBI RIGHT NOW ..THATS WHAT OFFICIAL RATE MEANS ..

ONCE THE BANKS KNOW THERES NO MORE SANCTIONS ON IRAQ .. THEY SHOULD START ACCEPTING THEM ..ONCE THEY ACCEPT THEM THEY ARE CIRCULATING IN INTERNATIONAL BANKS .

JUST PUT OUT THE WORD TO ALL THE BANKS THE CBI GUARANTEES ITS DINAR AT WHAT EVER EXCHANGE RIGHT NOW ITS 1166 RATE AGAINST THE DOLLAR ....

I HOPE THEY ARE GOING TO RAISE THE GUIARENTEED RATE BEFORE THEY ANNOUNBCE TO THE BANKS ITS ONLINE TRANSACTIONS ARE READY FOR ACTION

THEY COULD START OUT AT ANY THING .. 750 .. 1166 .. 1000... 466.4 < WHICH IS WHAT THEY CLAIN THEY HAVE ENOUGH RESERVES FOR RIGHT NOW ..

JUST GET THEM ON THE MARKET AND WATCH THEM FLY OFF THE SHELFS ..THE

Saturday there was an article in World Economy taking about how America's

Super billionaires were selling off large amounts of stocks. Those kind of

People don't sell so they can sit around and count their money. So what do

You think they were buying with that money? Then we get the article stating

That International banks have increased demand for dinar. The same day we

Got dozens of articles blabbering about L O P. And for several days we keep reading

About how rich the CBI is. Only way to make sense of this is,

Billionaires are requesting lots of dinar, driving International Demand up.

CBI is attempting to get control, while at the same time trying to convince

The world how undervalued the Dinar is. Something WILL happen SUDDENLY.

me I am looking for tonight.

I think LG that we have a ways to go yet.. Tho it would be lovely if we're a small boost minus the zeros

Edited July 8, 2013 by NoviceInvestor