Archive for the ‘Latest RV News’ Category

New Iraqi parliament to convene June 14

Interesting reading about the new Iraqi parliament.

BAGHDAD (AFP) – Iraq’s new parliament will finally convene next week, an official said Tuesday, paving the way for the formation of a new government more than three months after nationwide polls.

The June 14 opening of the Council of Representatives comes after Iraq’s supreme court ratified the results of the March 7 general election which put ex-premier Iyad Allawi’s Iraqiya bloc in the lead, followed closely by Prime Minister Nuri al-Maliki’s State of Law alliance.

“The president (Jalal Talabani) decided that the parliament will meet on Monday, June 14,” Nasir al-Ani, head of the Iraqi presidency’s office, told AFP.

Once parliament is convened, Iraq’s constitution states that MPs must first select a speaker, and then choose a new president.

The president will then call on the leader of the biggest parliamentary bloc to form a government, giving him 30 days to do so.

Iraq’s supreme court on June 1 ratified the results of the election, confirming initial figures which showed Iraqiya won 91 seats in the 325-member parliament, followed by State of Law’s 89.

The Iraqi National Alliance (INA), led by Shiite religious groups, came third with 70, while a bloc of Kurdish parties hold 59 seats.

The court has opined, however, that a coalition agreed before parliament first meets would gain primacy over Iraqiya if it held more combined seats.

Earlier this month, State of Law and the INA announced they would form a post-election coalition, leaving them just short of a majority, though they have yet to formalise the arrangement.

Allawi, though, insisted on Tuesday that his grouping should have the first opportunity to form a government.

“Discussions and dialogue that have taken place (with rival blocs) indicate that Iraqiya was the winner,” he told reporters in Baghdad.

“In my estimation, Iraqiya is the one group that can transform Iraq.”

The fact that no clear winner emerged from the election has meant that protracted coalition negotiations have ensued as blocs jockey to form a parliamentary majority.

Full results from the election were initially expected to be ratified in early April, but counting delays, multiple complaints and appeals from political groups have caused setbacks.

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Posted by Cherilynn on June 10th, 2010 2 Comments

Interesting Dinar Revaluation Speculation

Got the following article today along with his comments from a fellow dinar investor.
Looked interesting to me so I thought I’d share here.  Seems to be in line with what many are saying about early March for a dinar revaluation.
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Posted by Cherilynn on February 22nd, 2010 89 Comments

Some Clarity On What Has Happened

I apologize for the delay in posting on the blog after all that last night.
I was not able to get in to the blog until now.

Didn’t mean to leave you hanging.

Anyway, here is a summary of what’s been going on from one of my best sources.

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Last night was a wild one, let me tell you what happened and where
we are right now.

Iraq was given 10-days to RV their currency and
didn’t do it in the 10-day period so the IMF forced an International
RV last night which was $1.49.  At this time the CBI Central Bank of
Iraq has not made this announcement public, therefore the banks in
the Unites States haven’t been updated with the new currency yet.


WE are now waiting for the official announcement to come from the
CBI, after that announcement is made, we will be able to get to our
banks and cash out at the announced rate.

The latest intel is showing that an announcement from CBI could
come as early as today, and if so you will be able to cash in today,
but we must all WAIT until the official word.

Please don’t call any
banks today, they won’t have any info for you until the
announcement is actually made.

Lets continue in prayer over this,
because this is a battle being waged in the spirit, and we are all
winners if we continue to pray.

I also just spoke directly with someone in Iraq and he told me that
people in Iraq were buying up Dinars like crazy because they saw
the same thing that we all saw last night, and that an announcement
was very soon.  So stay tuned.

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I couldn’t have said it better than that.  I will keep you posted.

Admin

Posted by Cherilynn on November 13th, 2009 238 Comments

Latest

Hello everyone,

I apologize for the confusion.  I got excited like everyone else.  I’m calm now.  Here is the latest I have.

Several sources have reported that the rv we experienced tonight was not an Iraqi rv, but an IMF rv.  IMF gave Iraq ten days to come up with a rate but didn’t so IMF stepped in and revalued the currency at $1.49.

Will keep you posted on cashing in etc.

Posted by Cherilynn on November 12th, 2009 57 Comments

Some Clarity On The Latest Dinar Speculation

It’s been a busy weekend, lots of rumors coming in.  Below is a summary of the latest dinar speculation from one of my best sources.  I’m passing it on as is.

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Commentary Regarding Iraq and the RI of Their Dinars

Good evening/morning everyone.

I am writing this in this format because of the lengthy explanation necessary to bring us all up to date on what is happening with the RI.

And I am using RI (bringing the value of the Dinar back to its previous value before it was devalued by the UN/IMF) to better explain why that is important.

First off, I need to explain what and why De-Dollarization in Iraq is so important.

Posted by Cherilynn on October 5th, 2009 105 Comments

Dinar Revaluation Update

After communicating with sources throughout the day yesterday, on the phone and via email, here is the latest news/speculation I’ve gotten.

One source said:

“…my sources tell me all is done and we don’t need anything but Iraq to pull the trigger…Just watch the money, they are floating on oil and natural gas and they can’t use dollars after tomorrow, unless they lie again and the whole world is watching. They can’t eat sand, and they can’t buy equipment with Camel Snot. They can’t rebuild their country with a worthless currency, inflation is rising and violence will escalate if they don’t RI. Banks are all ready and waiting with baited breath and if no RI then America is bankrupt when China cashes in their TBills. So no RI means civil war in both Iraq and the US… We will see our RI very soon.”

Others have told me that banks are ready to cash in, in the U.S.

I was told that over the weekend, certain banks were
involving tellers in the dinar, training on De La Rue machines, and
canceling employee vacations in anticipation of the reval.

Another source told me that a certain banker said his currency department canceled leave through October, anticipating the dinar revaluation.   They have trained temps with currency experience ready with De La Rue machines.  These temp jobs supposedly last through December.

Makes sense to me, they want the business.

And today, this from a forum:

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Posted by Cherilynn on September 30th, 2009 11 Comments

Dinar Revaluation May Be Upon Us, Article 7 lifted.

I apologize for my lack of information both via email and on the blog. There has been so much speculation and I want to be sure I’m passing on reliable information rather than rumors.

Hopefully that’s what I’ve done here.

I ask your forgiveness ahead of time if it’s another let down, but I don’t think so.  We have to stay prepared regardless.

I received these emails within the last 24 hours. These sources are very reliable, I just pray they are right.

Apparently Article 7 was lifted yesterday, not when we thought, and that was a big part of it.

Anyway, here is what they said:
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Posted by Cherilynn on September 26th, 2009 14 Comments

List Of Events That Point To Dinar Revaluation

Here is the latest on the dinar revaluation that I have received from my sources.

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This is just someone’s overview:

Ok gang these are things that we are looking at going on now:
-Yesterday, from a friend of mine that has a son-in-law working in Iraq, they read in a paper that yesterday was the last day to use US dollars as of Sunday the dinar is the only currency to be used in country. He further stated the Iraqi People were very excited about this.
G20 going on
-Pres O is chairing an upcoming meeting, can’t remember but I recall it is the UNSC, why would he do this? To say look what I did!
-Maliki promise of a gift to the people of Iraq for Ramadan
-Iraq buying military hardware and getting the Migs back from Bosnia or one of the countries
-US military on accelerated exit from Iraq, from people in country
-SOFA agreement acknowledged and engaged by the Pres, why to say look at me, and to further the stability in the region
-Pres O told Kuwait to keep them happy the US will pay the demands of reparations, to keep Kuwait from blocking the final announcement of the lifting of Chpt 7, why when the dinar RV/RI/RB the amount we hold will make this small change. We flew 5 c5 galaxies to Iraq and two to our treasury dept. The US holds the second largest amount of IQD in the world.
-Iraq going into the GCC or whatever it is calling itself now at a full member status, this is huge for the value the IQD will come in at

Posted by Cherilynn on September 12th, 2009 9 Comments

Some Think Dinar Revaluation Before October 1

Here’s the latest on the situation in Iraq and the dinar revaluation.  I’m passing it on raw just as it was sent to me.  Apparently someone thinks it could be sometime in September.

Why all the delays?  Could be political.  One things for sure, somebody on this planet knows exactly when and how much.  Mostly bank presidents, VP’s, branch managers, high up government officials and such.

As for me, I’ll keep giving you news I believe is relevant.

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Hello Dinar Friends,

Why before the 1st of October? As that is when they are
to dedollorize the country.

There is good info coming out about Iraq. Like the 180 billion
that UN is putting into the Iraqi funds.

Link to UN article about 180 billion.

I was wondering what happened to all of the money for the oil since    2003.

Well, that  is where it went; UN. That’s better than the crooked politicians,
which some may have  gotten off with also.

Article on the coins surfaced today. Now why would they need coins
when their currency is worthless. It takes a bucket full of dianrs
now to buy a coke.

It would be a truck load of the coins to buy a coke.

The only reason on why they need coins would be that their
money is getting ready to revalue.
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Posted by Cherilynn on August 29th, 2009 4 Comments

If You Plan To Cash In With Ali At DinarTrade

If you are planning to cash in your dinar via Ali at DinarTrade, below are the latest instructions.  For information about how to contact him and the locations of their centers visit dinartrade.com.

If you are not near a DinarTrade location, it is recommended that you go to a local bank, such as, Chase, Bank of America, or Wells Fargo.  Stay away from smaller, hometown banks as they may not be set up for this which could hold you up.

See Possible Dinar Revalue Rates for information to keep in mind should you do go with a local bank.

Also, Ali is by far the most reliable source for revalue information and sales of dinar, however, due to so much speculation and rumors concerning dates and rates, he is not saying much else except for confirmed facts.  I agree.

The facts we do have however, (sanctions released and chapter 7 lifted) indicate that the revaluation is definitely near.

I would suggest you stay informed and be prepared.  I of course, will continue to post latest news as I get it.

Now here is the latest information I have from Ali via a mutual source:

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Posted by Cherilynn on August 25th, 2009 6 Comments