DINARLAND UPDATE, 14 JULY

 Mountain Goat

Article:
“AL-NUSIRI: IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION CONTRIBUTES TO THE DEVELOPMENT OF THE FINANCIAL AND BANKING SYSTEM”

Quote:
“one of the most important returns and benefit achieved by the financial and banking system in Iraq from Iraq’s accession to the full membership in the World Trade Organization is regularity in the global financial system…”

come’on folks can it get any better than this?

MarkZ

[via PDK]

We do know Iraq is moving forward and dotting all the I’s and crossing all the T’s and trying to get from under the US thumb so they can change their value of the IQD. 

                         

 I am hearing very positive stuff for Sunday…But, that doesn’t mean that is when it’s going to happen…but that’s when they plan on opening all the coffers from the budget. That is when most of my contacts think it could go.

Member Comment:  [Guru] Walkingstick owns a bank in Iraq…said that big CBI meeting with the big three took place today or yesterday. They were given the timing of the release. Value, Note count and type of denominations.  MarkZ Response:  That would certainly explain why there is a sudden flurry and conversations over the last couple of hours…Rumors that “a dam has broken”  in a good way… Contacts are giddy about the 15th through the 18th.   So this news would make sense. I can’t say if its accurate or not but it would explain all the chatter that has suddenly erupted within a short time…

                     

MilitiaMan (KTFA)

The Iraqi Central Bank has many measures, packages as they put it, in place and have been in place to curb the illegal parallel market that everybody seems to talk about.  The bottom line is if they adjust their exchange rate to be and exceed the US dollar that pretty much is going to go away.

Walkingstick (KTFA)

That CBI meeting with the big three took place today [yesterday]…they were given the timing of the release, value, note count and type of denominations. 

Nader From The Mid East

Economy, Economy, economy, that’s what’s going to drive the dinar up.

Enorrste

Article Quote:
“JP Morgan had previously handled the process of financial transactions for Iraqi trade with China…“

Isn’t that amazing.  China and the United States, two of the biggest trade people into entire plant, and Morgan has invested China to participate with America to go into Iraq.  It doesn’t get bigger than that.  That’s the two biggest traders in the world.  Wow.