There are so many events happening that are happening because the CBI is preparing to change the rate of the IQD says wmahite

by **Ponee** Sat May 31, 2014 8:10 am

5-30-2014 Newshound Guru wmawhite just as the amendment to EO 13303 indicated...the asset of the CBI (the IQD) had prohibitions on it prior to this week. That doesn't change the fact the the IQD is Iraq's currency. However, until this week even if our banks wanted to recognize it they could not. today we can buy and sell the IQD based upon some one value...that is not an international exchange rate determined by the CBI. when a country's exchange rate is determined it is accepted by other countries...that is not the case with Iraq...YET...instead, the IQD is not used in international commerce...instead, anyone can decide what they may buy or sell it for. [So how did the banks deal with dinar 3 years ago. If it had no value?] the IQD was the same has buying a toaster at Wal Mart... they sold the IQD the same as it they were selling silver eagle dollars.

[does the rate need to be [in] effect before the ISX goes live July 1st?] it appears there are several events on the horizon that must have a true exchange rate in place. [Are they a long way from article 8?] honestly, just like this past week, there are dominoes dropping that we are unaware of until after they hit. there are so many events happening that are happening because the CBI is preparing to change the rate of the IQD. these events have never happen before in this investment. It is truly a great time to be at...the facts indicate that a group of people we do not know will make major changes to the IQD at some point in the future. If it was to be at some distant time, why are they doing what they are doing today? I seriously believe that this could happen at any moment...we have never been to this point before...

by **Kevind53** Sat May 31, 2014 1:07 pm

EO 13303 placed no prohibitions upon the IQD. That is how banks have been able to buy/sell it all along IF they so desired to. Banks have chosen not to sell it. Think about this for a minute, IF banks were unable to buy/sell dinar, then how could currency dealers sell it? Prohibition of sales is prohibition.

So then what was EO13303 about? Simple really, it protected Iraqi from it's creditors while they negotiated settlement of their debts, much like bankruptcy proceedings protect and individual or corporation from it's creditors while they make arrangements to settle it's obligations. Nothing more, and nothing less really.

There are so many events happening that are happening because the CBI is preparing to change the rate of the IQD says wmahite

There are so many events happening that are happening because the CBI is preparing to change the rate of the IQD says wmahite

Re: There are so many events happening that are happening because the CBI is preparing to change the rate of the IQD says wmahite