Dinar Rumors: Letter from Warka Bank

[luckylucy]

I agree .. hey are really saying, we have nothing official ... they can neither confirm nor deny the rumor because CBI hasn't "officially" notified the banks. However, my personal assessment of all the information I've seen thus far in interviews with CBI and other sources leads me to believe their will be an RV mid-summer and a re-denomination late this year or early next year.... all in our favor as dinar holders and all good for Iraq.

And, now I shall move this thread to reside under the protection of the LOP MONSTER ...

If you read this closely, Mr. I is not saying there will not be a lop. He is just saying that the CBI has not provided the banking sector with "official " written notification at this time. Therefore, there is nothing to comment on. Also, he states that they contacted the CBI and the CBI did not provide anything "official". Mr. I also says the CBI stated that the "matter is under study and has been for years". Last paragraph, Warka will not comment further unless the CBI provides the banking sector with official written documentation regarding a lop or RV. Nowhere in the email does he say there will be no lop. All he says it that that the CBI has not given Warka or other banks "official" written documentation. Saying that a lop has been disproved or not going to happen, is not true if you read the email.

If that is true then, this should be the final nail in the coffin of the RV theory also.

From our prospective we can not comment and will not comment any further

unless the CBI officially announces that the removing of the 3 zeros OR

revaluation will actually take place by providing the banking sector written

documentation where this would be the standard general verification and

confirmation currently practiced.

We can't just pick and choose what we want to hear. Oh wait, we do that all the time.

[usagal]

Hey!! Thanks for the post.. I hope it is true and I believe it is. Thanks for digging it out for all the LOP People too...... LOL

Okay, I'm knew here can someone please tell me what the heck a LOP is LOL Thank you,

[Bobbydee]

I thought everyone enjoyed a good lopster. I really enjoy them with a good steak and a fine glass or two of wine. Thanks for great post Ron. God Bless and Semper Fi

[GrahamB]

Dinar Rumors: Letter from Warka Bank

May 28, 2010 · Posted in another site's Tidbits - CHATS / POSTS

Letter from Warka Bank – 3 Zero News “Null and Void”

“The CBI has not provided official written notification to the banking sector

and banks regarding this matter thus it is considered null and void by the

Iraqi banking sector and this is the general law noting that we contacted

the CBI regarding this matter where they did not provide anything official

to comment on simply stating that this matter is under study and has been so

for the past few years nothing more nothing less.

If a revalue takes the entire IQD will be revalued in accordance with the

rate the CBI sets.

From our prospective we can not comment and will not comment any further

unless the CBI officially announces that the removing of the 3 zeros or

revaluation will actually take place by providing the banking sector written

documentation where this would be the standard general verification and

confirmation currently practiced.”

Much and all as I would love to see the LOP theory dead and buried, I do not believe the quoted information actually says what ronscarpa is claiming. Or what others are reading into it.

Certainly it is saying nothing official has been announced regarding either a RV or a LOP, but it is also saying that should there be an official announcement about a LOP then there will be a LOP; but until such an announcement occurs there will not be! Pretty straight forward, especially as there will be no official announcements until there is a Government!

Edited June 3, 2010 by GrahamB