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Luigi1
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09 Feb 2017  Frank26...

eDinars were launched. From the 12th to the 15th...Delta and I this to be a good condition to see a rate change.

IMO...from the 12th if they wanted to...then could approve a new rate change...then three days later...legally...they could put it on the

UN Operational Rates on the 15th.

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3 hours ago, gregp said:

Does anyone have truth to the launch of the E dinars?

Here's A More Complete Version Of The Posting ! ;)

:D   :D   :D

 

2-9-2017   Intel Guru Frank26   [Guru] Delta...said that the CBI website has...No program rate since the 4th of January...The cash portions haven’t been labeled...There are no LOC’s in the auctions – anywhere...Now the auctions don’t even show any remittances.  The CBI met at 10am on Tuesday with many, many big bank managers in Iraq and they talked...about their INTERNATIONAL banking structures...money transfers...and WHEN they are planning on going INTERNATIONAL.   ...have you seen any auction lately at the CBI? No!  No more auctions! No more MCP’s? We are inching closer and closer to what the UST and the IMF wants... ...don’t forget the IBAN and the SWIFT codes – they are also ready.  Have they been APPLIED? Yes!   All the IBAN numbers are established.  All of the banks in Iraq now have IBAN numbers!   ...the IBAN has been active since January 2nd. Oh man! We are INTERNATIONAL!   ...this is very exciting!  Another indicator that the monetary reform is SOLIDLY in place and ACTIVE! Very exciting!

 

2-9-2017   Intel Guru Frank26   On the spreadsheet...CBI website...the cash portion that was being shown on the Arabic side...auctions stopped...on Monday.  No more numbers of cash...No more credit numbers...No more remittances for world transfers.  Everything ...is gone...just like the rate did on the 4th.  So...can all banks in Iraq do transactions internationally freely ...on their own?   Yes!  Now the CBI doesn’t have to do all of the work (paperwork) to move money for the banks.  Those days are gone! No more CBI telling the bank branches how to do international transfers.  This is a BIG step of the monetary reform!  Moving from MANUAL to ELECTRONIC to do business with an international world!  The only thing that is missing is an INTERNATIONALLY accepted RATE...NOT a program rate. 

 

2-9-2017   Intel Guru Frank26    In addition...the eDinars were launched!  Why are they important for the US Treasury and the IMF?  eDinars represent SECURITY and STABILITY.  From the 12th to the 15th of February.  [Guru] Delta and I believe this to be a good window to see a change in the rate.  IMO...from the 12th...if they wanted too...they could approve a NEW RATE for their currency...then 3 days later...legally...they could put it in the UN Operational Rates on the 15-16th.  Isn’t that interesting?   The coming weeks...they have BIG reasons to lift the 3 zeros from exchange rate...and bring back the GLORY DAYS of the IQD. 

 

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1 hour ago, DinarThug said:

Here's A More Complete Version Of The Posting ! ;)

:D   :D   :D

 

2-9-2017   Intel Guru Frank26   [Guru] Delta...said that the CBI website has...No program rate since the 4th of January...The cash portions haven’t been labeled...There are no LOC’s in the auctions – anywhere...Now the auctions don’t even show any remittances.  The CBI met at 10am on Tuesday with many, many big bank managers in Iraq and they talked...about their INTERNATIONAL banking structures...money transfers...and WHEN they are planning on going INTERNATIONAL.   ...have you seen any auction lately at the CBI? No!  No more auctions! No more MCP’s? We are inching closer and closer to what the UST and the IMF wants... ...don’t forget the IBAN and the SWIFT codes – they are also ready.  Have they been APPLIED? Yes!   All the IBAN numbers are established.  All of the banks in Iraq now have IBAN numbers!   ...the IBAN has been active since January 2nd. Oh man! We are INTERNATIONAL!   ...this is very exciting!  Another indicator that the monetary reform is SOLIDLY in place and ACTIVE! Very exciting!

 

2-9-2017   Intel Guru Frank26   On the spreadsheet...CBI website...the cash portion that was being shown on the Arabic side...auctions stopped...on Monday.  No more numbers of cash...No more credit numbers...No more remittances for world transfers.  Everything ...is gone...just like the rate did on the 4th.  So...can all banks in Iraq do transactions internationally freely ...on their own?   Yes!  Now the CBI doesn’t have to do all of the work (paperwork) to move money for the banks.  Those days are gone! No more CBI telling the bank branches how to do international transfers.  This is a BIG step of the monetary reform!  Moving from MANUAL to ELECTRONIC to do business with an international world!  The only thing that is missing is an INTERNATIONALLY accepted RATE...NOT a program rate. 

 

2-9-2017   Intel Guru Frank26    In addition...the eDinars were launched!  Why are they important for the US Treasury and the IMF?  eDinars represent SECURITY and STABILITY.  From the 12th to the 15th of February.  [Guru] Delta and I believe this to be a good window to see a change in the rate.  IMO...from the 12th...if they wanted too...they could approve a NEW RATE for their currency...then 3 days later...legally...they could put it in the UN Operational Rates on the 15-16th.  Isn’t that interesting?   The coming weeks...they have BIG reasons to lift the 3 zeros from exchange rate...and bring back the GLORY DAYS of the IQD. 

 

These people have no pride. You would think Ali would vet them before agreeing to pay them to post garbage.

pp

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Currency Auctions
Announcement No. (3378)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 9/2/2017 and the results were as follows:

 
Details     Notes
Number of banks     32
Number of remittance companies     16
Amount sold at auction price (US$)     168,711,412
Amount purchased at Auction price (US$)     -----
Total offers for buying (US$)     168,711,412
Total offers for selling (US$)     -----

 

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https://www.e-dinar.com/cgi/?page=edinar&a=_1 is an eDinar website.  However this is related to the Islamic dinar. In 2015, Tunisia replaced their national currency with the edinar. http://www.the-blockchain.com/2015/12/28/tunisia-to-replace-its-national-digital-currency-edinar-with-blockchain-driven-monetas-currency/

Also Algiers has it as well. 

EDinars are considered cryptocurrency similar to bitcoins. However, according to the first link, eDinars are backed by gold and another metal. eDinars have been around since about 2012 and is not new. It might be new to Iraq and those whom will accept it. eDinars is most likely the Islamic equivalent to the bitcoin but under the auspices of Islam.

the so-called guru gets away with this particular post because few people have heard of it. Few people have heard of the frog on the log on the bottom of the sea too it doesn't mean it doesn't exist.

Edited by Theseus
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the e-dinar is  name of an internet based electronic payment and exchange system that facilitates online transactions 100% backed by physical gold and silver. 

The physical gold and silver bullion backing e-dinar and e-dirham units are always equivalent or larger than all electronic e-dinar and e-dirham in circulation. The physical gold and silver bullion is held securely in internationally renowned bullion repositories. 

Account holders always have the option to exchange their gold an silver into any major national currency or redeem them and take physical possession of an equivalent amount of gold dinar and silver dirham. 

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