Dinar RV - Revaluation Will Not Be A Float
The insider revelations given below came from a person inside of Iraq who reads and speaks Arabic so he is able to tell us what is going on in Iraq and he regularly is heard on the conference call that is conducted by Frank Villa on KTFAlways dot com.
Delta tells us below that the revaluation of the Iraqi dinar will not start out as a free float. So it appears that Iraq in cooperation with the IMF will fix their exchange rate upward and possibly up to three U.S. dollars per dinar according to what Delta said below.
https://www.freeconferencecallhd.com/playback_rudd/?n=OTQCw/uB7iO - The text below is taken from the conference call starting at 86:28 minutes/seconds on the call.
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The IMF had a discussion on December 3rd, 2016 and an article came out on the 13th of December about how Iraq lifted the restriction on the exchange rate.....
Lifting the restrictions on the currency exchange is going to help IRAQ to integrate internationally and globally.
So even though we don't see that visibly now, they did something behind closed doors and the IMF is satisfied.
The country of Iraq has to do a currency reform because they have no choice....whether the IMF says so or not Iraq has to go global and international.
They are going to be able to pay all their debts if they lift the
zeros...and they are doing this for their own sake. The currency
reform has to take place.
The reason IRAQ can not exchange their currency now is because they are not article 8 and their currency is at 1166 so this is why they need to do a currency reform.
Lifting the zeros will allow IRAQ to pay it's debts and go global.
At 89:48 on conference call Delta says: In article 2 it states they are not going to float the currency. This is opposed to what some dinar gurus are saying. These gurus do not know how to read or speak arabic. Delta who is talking on this conference call can.
Why is a free float of the dinar exchange rate not good for Iraq?
A free float will not work for Iraq....If they free float their currency there is no guarantee it will go up.
The countries that a free float works for is the United States,
Australia.... countries that export...
The leader of Iraq, Abadi, stated that Iraq is going to free the currency and lift the rates.
They said they are going to lift the restrictions on the exchange rate and you are going to see the value move up. (my comment: It must be a fixed exchange rate if it is not a free float)
They can not start ATM use in Iraq until they drop the zeros....
The central bank is going to increase the value before they introduce the lower denomninations like the 500, 200, 50 etc.
We don't know the dates or the rates but indications are that we are very close.
It is in Delta's opinion that we are going to see a rate move before the end of the year....because the CBI told us so...
They are now going to implement the plan laid out even when Shabibi was in office.
It is all good news...
Over the last few days the central bank of Iraq has been very quite.... but more and more news is going to come out about the monetary reform...
We have more than one confirmation that the central bank succeeded in raising the value of the Iraqi dinar... and the Iraqi citizens are going to be very happy because their currency
Their intention is to raise the value of the Iraq dinar to it's former glory which is over $3 per dinar.
We think that when they start the reform, the 500 notes are going to be the highest notes among the other denominations of Iraqi currency.... i.e. the 25, 50, 100 and 200 dinar notes.
Iraq is not going to be coming up with the notes before the rate change. The rate has to come first before the notes are released.
This financial reform was supposed to have happened three or four or five years ago, but as you know Malaki stopped it.
Here is a Kim Clement prophecy that confirms the timing given by Delta above.
Confirmation On Iraqi Dinar RV - Click It.
Here is some information below that seems to indicate that the Iraqi finance authorities were planning a fixed rate back in 2012:
Relevant text from above web page in quotes: ".....the Minister of Finance and the Minister of Planning got together back in 2012 and they asked the COM and Parliament…..you guys are ready to put out the budget for us…..yes….what rate are you interested in….well 1.15 to 1.17 would be good…and the two ministers responded back saying….but that was a long time ago….
So what should we use….and they told them you should use 3.2102 and you should add 20% to that….because it has been a long time…..so when you do the math….they were suggesting to them that 1.15 to 1.17 would not be good….coming out with a float at that rate would not be good…..it might just be better to come out with a fixed rate of around 3.86…..
Now I have those articles and I am sure many of you who are students have them too….and you may say…why are you talking about this Frank….everything I do is with a purpose….it is not done on purpose….the story I just gave you about the Ministers of Finance and Planning should be applied to today.
Now I believe I have said my piece and I believe I have expressed to you belief there were three meetings….I believe I made it very clear they were very pleased up until the third day when they found out the budget was not passed…..you see those meetings were for the Monetary Reform….and when they saw there was no budget what the heck is the sense of releasing a rate….the UN Operations Rate says we are not going to put anything out on the 15th….why…..because you don’t have a budget….no comment…."
Here is more confirmation coming from an economic academic who is highly respected in Iraq. Click here to read his words.
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