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Showing results for tags 'to get all us dollars off the street !'.
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CNN. Broadcasting While Everybody Asks About The Dong ! 7-14-2017 Newshound/Intel Guru Randy Koonce I have waited until Mosul was liberated, and announced, to make the next note... Here are my thoughts of where we are: 1. NO it will not RV only ‘in-country'. If it is just ‘in-country' - There is no RV! It is still paper with numbers... however, 2. The RV will occur! The purpose of the RV (at last one of the purposes) is to give the Dinar enough value so that it can be useful in the "Rebuilding" of Iraq... And we all know the damage that has been done, and the need that is there, especially for the people of Iraq. 3. Will I be able to exchange in the US? YES! There will be only one rate... Stick to large banks like Bank of America, Wells Fargo, Citi Bank, HSBC, Chase. These Banks will have no problem with exchanging it... Some smaller Banks will exchange as well, but they have to rely on upstream Banks in their system, and the fees will probably be higher in the smaller banks... 7-14-2017 Newshound/Intel Guru Randy Koonce 4. Is There any thing else to 'have to do' for the RV to happen? NO NO NO NO. 5. If you are told to check out a bank site someone says is the new CBI site, just be sure you follow "cbi.iq". That is the safest and most secure information to be had - from the horses mouth...Just saying. ... since the last update, the announcement of the liberation of Mosul is the first significant change that has happened and therefore warranted an update... We were in a holding pattern until Mosul was done. Well, NOW it's done. The Window opened when Fox, and all the news media outlets, said Mosul was liberated which was Tuesday this week. On Tuesday, it was absolute, and there was no more hedging or iffy announcements. The window is VERY GOOD until Monday the 24th of July...So, the next 10 days, give or take, a lot can happen. 7-14-2017 Newshound/Intel Guru Randy Koonce 6. Will the Dinar Float? The answer is NO. For the most part they will have to RV the currency somewhere above $1.20... Why above $1.20? Because they want to get all US dollars off the street! If the USD is stronger than the Dinar, then it will stay on street... Just look at it now. The Iraqis use US dollars now because it is the strongest on their street and will buy more. When the RV occurs then the dinar will be the main dog... Every one has been asking about the dong. It should RV as well - once China agrees to move their currency. So it might be awhile on that one... Again, it’s the same story - no one knows when... We are Close!! The Window is good through the 26th of July or so. Remember - this is Iraq!! BREATHE BREATHE...