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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I just heard from a very good source, that the RV has been posted at $3.86 have you heard anything!!!! THIS IS EXCITING…
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“I heard from a “highly placed Finance Ministry official” that the transaction will take place Sunday, since it is a regular work day in most of the Middle East. Muslims Friday, Jews have Saturday (the only day off), and Sunday is the start of the work week. (In Israel ONLY, Christians are NOT required to work on Sunday). So I’d say Sunday, …, but I hope I’m right. I’d hate to cause a problem; it’s just that my ’sources’ often don’t know much before it happens. Also they say it would be Sunday, Yom Kippur, the Jews’ Holiest Day, so the Arab countries ALWAYS require everyone to ‘work’ as an insult to the infidel, dhimmi Jews. Strange place. So I’d bet Sunday, The Day of Atonement. Best regards…”
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Also, my contact that lives in Israel, told me twice that it would be Sunday for sure. I really believe that this is it & that we will be headed to the bank next week for sure. I also just got a call from a friend in IND who spoke with one of the leading traders in IND and this is going to happen.
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I will be on top of this late into the night and all day tomorrow. Hopefully this is finally it! Unless there is more political delay, the lifting of Article 7 should be the thing that does it.
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Tags: chapter 7, Cherilynn Stone, currency, Dinar, dinarinfo.net, Iraqi dinar, Iraqi dinar revaluation, rv, sanctions, Technorati, United States dollar, US
September 27th, 2009 at 4:24 am
Thanks for the info,
For the other folks that read this, I have friends in Texas that have heard the same thing from differant sourses.
I was told that the US is going to take $.40 (40 cents) off the top.
WOW
P.S. remember70% of people that win the lotto are in worse shape 4 years later.
invest , ask questions, this investment could last a life time or 6 months . . .
September 27th, 2009 at 4:49 am
I was under the impression that the Chapter 7 has not been lifted- only endorsed by Kuwait (conditionally) ???
September 27th, 2009 at 4:51 am
do you have any information to verify the RV of IQD is at 3.86? I have not seen this anywhere- but I would love it if you were right.
September 27th, 2009 at 1:04 pm
any documentable sources? Seems like scuttlebutt from other forums
September 28th, 2009 at 2:54 am
Ok, Saturday has come and gone. Monday has nearly passed as well. It’s already 3:00 pm in Iraq. Looks like this post is following the same pattern as all the rest, as far as, someone who was misinformed once again. Wish we knew a FOR SURE, ABSOLUTE date. Anxiety is killing me. Tired of seeing dates come and go with no results.
September 28th, 2009 at 12:06 pm
Everything is a “scuttle” Its all he said she said.
The folks I talked to seems to get the same info as everyone else.
Just a week early (and a week or two off the time line they said)
September 28th, 2009 at 12:17 pm
This site is soooo full of crap!!! Jesse is correct it was only endorsed by Kuwait with lots of conditions. CHAPTER 7 HAS NOT BEEN LIFTED!!!!!!!!!!! Ali himself has even said in an interview I listened to that the dinar r/v will not go that high that quick. Ali said they will need to build a market first. He is only expecting it to r/v at .05 or somewhere around that. Ali himself has even stressed this point, we do not have any idea when the r/v will come. I just wish this site would stick to the facts. Mrs. Stone you have not gotten anything right YET!!!!!! Please try harder.
September 28th, 2009 at 5:08 pm
How is it that you have info on Chapter 7 being lifted and there is not even 1 verifiable report of it on the internet? I’ve checked google and Yahoo and…nothing…just rumors. Help me to understand why I should get even the least bit hopeful based on what you’ve posted? Should I believe that chapter 7 has been lifted and there’s no coverage of the story on the internet 2 days after the event is supposed to have taken place? That’s not likely, is it?
September 28th, 2009 at 10:00 pm
I’m having a hard time staying hopeful about the Dinar pegging. I can’t find anything on chapter 7, and how come they keep saying set dates for the dinar to peg, yet nothing happens? I’ve read up on so many sites and to me it seems like a bunch of people are just hoping and posting rumors. Also, who is saying the rate is at 3.86? All i know for a FACT is that when the money does come it will truely be a blessing for everyone who has invested in the dinar.
September 29th, 2009 at 4:09 am
Acutally there is info on all of this stuff that you really wont find on google so easily. You have to go to the iraq websites and translate them with google translate. Chapter 7 hasnt been lifted yet. Kuwait has said that they are ok and will help iraq only if they comply or accept these few important laws……
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4 laws await parliamentary approval
September 28, 2009 – 12:22:58
BAGHDAD / Aswat al-Iraq: Four crucial legislative items are awaiting a parliamentary approval during the current legislative term, the vice president of the parliamentary economic committee said on Monday.
“The items include an amendment to the Investment Law, which was submitted to a first reading and is expected to be debated next week; the Customs Tariff Law; the Infrastructure Law and the Consumer Protection Law,” Yonadem Konna told Aswat al-Iraq news agency.
The four laws are expected to be passed during the current legislative term, Konna pointed out.
http://en.aswataliraq.info/?p=119619
September 29th, 2009 at 6:33 am
Commission seeking approval
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/ / the latest news, economy, Iraq / / Economic Commission seeking approval of (infrastructure) and (Alastmar) and (consumer protection) and (customs tariff) before the end of the legislative
اللجنة الاقتصادية تسعى لاقرار (البنى التحتية) و(الاسثمار) و(حماية المستهلك) و(التعرفة الكمركية) قبل نهاية الفصل التشريعي
Economic Commission seeking approval of (infrastructure) and (Alastmar) and (consumer protection) and (customs tariff) before the end of the legislative
28/9/2009 – 14:30
28/9/2009 – 14:30
بغداد/ أصوات العراق: ذكر نائب رئيس اللجنة الاقتصادية في البرلمان العراقي يونادم كنا، ،الاثنين، ان حزمة من أربعة قوانين إقتصادية مهمة هي قانون البنى التحتية والاستثمار والتعرفة الكمركية وحماية المستهلك، من المتوقع إقرارها خلال الفصل التشريعي الحالي لمجلس النواب اذا إستمر المجلس بالعمل دون إرباكات سياسية.
BAGHDAD / Aswat al-Iraq: The Vice-Chairman of the Economic Committee in the Iraqi parliament Kanna, Monday, the package of four laws is the law of important economic infrastructure, investment and customs tariffs, consumer protection, it is likely to be approved during the current legislative session the House of Representatives if the Board continued to operate without political disruption.
واضاف يونادم كنا لوكالة (أصوت العراق) “حزمة من اربعة قوانين اقتصادية مهمة من المتوقع اقرارها خلال الفصل التشريعي الحالي لمجلس النواب” وهي كل من “قانون تعديل قانون الاستثمار الذي حصل على قراءة اولى في البرلمان ومن المؤمل مناقشته خلال الاسبوع المقبل”.
He told Kanna (vote for Iraq), “a package of four important economic laws likely to be approved during the current Legislative Council of Representatives,” is all of the “Act to amend the investment law, which received first reading in parliament and hoped discussed during the next week.”
وأشار كنا الى ان تعديل قانون الاستثمار “سيتضمن منح المستثمرين مرونة اكبر ومزايا مثل القدرة على تملك الارض بالنسبة لمشاريع الاستثمار فضلا عن تخليص القانون من العقبات المتعلقة بملكية تلك الاراضي وقوانين بيع وإيجار اموال الدولة”.
We noted that the amendment to the Investment Law, “that will give investors more flexibility and features such as the ability to own land for investment projects as well as rid the law of the obstacles on the ownership and the laws of the land sale and rental of state funds.”
يذكر ان قانون الاستثمار العراقي المرقم 13 لسنة 2006 لم يؤدي الى جذب الاستثمار الاجنبي للعراق وتعرض لانتقاد الكثير من الاقتصاديين والحكومات المحلية بسبب تعارضه مع قوانين اخرى قديمة روتينيته ما حال دون تفعيله حيث جرى اخيرا تعديله واعادة رفعه للبرلمان.
The Iraqi investment law No. 13 of 2006 did not lead to attracting foreign investment to Iraq and has been criticized for many economists and local governments because it conflicts with other laws old Rotinetth preventing the activation, where they were recently amended and re-submitted to parliament.
وبحسب كنا فأنه سيتم ايضا “مناقشة قانون التعرفة الكمركية وقانون البنى التحتية للدفع بالآجل واخيرا حماية المستهلك ومنع الاحتكار” مبينا انه “من المتوقع إقرار جميع القوانين خلال الفصل التشريعي الحالي اذا استمر مجلس النواب بالعمل دون ارباات سياسية”.
According to it, we will also “discuss the customs tariff law and the law of the infrastructure of the payment of credit and finally consumer protection and the prevention of monopoly,” noting that “it is expected to approve all laws during the current legislative session if the House of Representatives continued to operate without Arbaat political.”
وكان مجلس الوزراء عرض على البرلمان مشروع قانون لاعادة البنى التحتية للبلاد يتضمن اقتراض 70 مليار دولار وعلى مدة تسديد طويلة الامد بالدفع الآجل، إلا أن عدد من القوى البرلمانية ومنها التيار الصدري رفضت التصويت على هذا القانون.
The Cabinet submitted to Parliament a bill to restore the infrastructure of the country that would include borrowing $ 70 billion and pay for long-term payment term, the number of parliamentary forces, including the Sadrists refused to vote on this law.
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September 29th, 2009 at 8:07 am
SO Chapter 7 will be over when Iraq agrees to Kuwait’s 4 laws? Also, what about the debt to China? Doesn’t Iraq have to pay that by Oct. 1?
September 29th, 2009 at 8:13 am
Now we are getting some content with Substance… thank you JX
September 30th, 2009 at 11:57 am
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