Randy Koonce - "RV Will Occur, No Float, We Are Close" 7/14/17

Randy Koonce Update 7-14-17

​How is Everyone in Dinarland Makin’ It?
 
Hello everyone! Hope you are living it up every day, like I am, just waiting on the dinar to finally make its move. If you are like me, you have lots of dreams just waiting to be lived out. 

​We are all ready to move on to the next step of making those dreams come true. And to be honest, the Nigerian Princess Lottery wasn’t all that great.
 
I have waited until Mosul was liberated, and announced, to make the next note.... Now everyone RELAX and take a deep breath. Here are my thoughts of where we are:


1. NO it will not RV only ‘in-country'. If it is just ‘in-country' - There is no RV! It is still paper with numbers...however,
 
2. The RV will occur! The purpose of the RV (at last one of the purposes) is to give the Dinar enough value so that it can be useful in the "Rebuilding" of Iraq........ And we all know the damage that has been done, and the need that is there, especially for the people of Iraq.
 
3. Will I be able to exchange in the US? YES! There will be only one rate.... Stick to large banks like Bank of America, Wells Fargo, Citi Bank, HSBC, Chase. These Banks will have no problem with exchanging it...

Some smaller Banks will exchange as well, but they have to rely on upstream Banks in their system, and the fees will probably be higher in the smaller banks...
 
4. Is There any thing else to 'have to do' for the RV to happen? NO NO NO NO.
 
5. If you are told to check out a bank site someone says is the new CBI site, just be sure you follow "cbi.iq". That is the safest and most secure information to be had - from the horses mouth . . . . Just saying.
 
Many of you have wanted me to give an update every day. I know everyone is anxious, but there is not enough time in my day to give everyone daily updates. Many days, there is just nothing else to say.
 
And, since the last update, the announcement of the liberation of Mosul is the first significant change that has happened and therefore warranted an update... We were in a holding pattern until Mosul was done. Well, NOW it's done.
 
The Window opened when Fox, and all the news media outlets, said Mosul was liberated which was Tuesday this week. On Tuesday, it was absolute, and there was no more hedging or iffy announcements. The window is VERY GOOD until Monday the 24th of July..... So, the next 10 days, give or take, a lot can happen.
 
6. Will the Dinar Float? The answer is NO. For the most part they will have to RV the currency somewhere above $1.20.... Why above $1.20? Because they want to get all US dollars off the street! If the USD is stronger than the Dinar, then it will stay on street.... Just look at it now.
 
The Iraqis use US dollars now because it is the strongest on their street and will buy more. When the RV occurs then the dinar will be the main dog....
 
Every one has been asking about the dong. It should RV as well - once China agrees to move their currency. So it might be awhile on that one.... Again, it’s the same story - no one knows when. . . . . 

​Some ask me, "Can you still buy dinar even after it RV's?" Sure! But why would you want to?... It will cost too much and you won't be able to make any significant money on it then ... So why would you want to?
 
We are Close!! The Window is good through the 26th of July or so. Remember - this is Iraq!!
 
Randy Koonce
 
We are close.. Every large bank will exchange.. RELAX the RV is coming...
Breathe,,,
 
Check www.cbi.iq every day to see if it has changed... do not take a guru or a post about in country RV or any thing else do not be fooled just check the CBI
 
Do not let your emotions get to you.
 
BREATHE BREATHE......... Yes I will do a meeting after the RV...... do not worry I will send out email....
​
Randy Koonce

The purpose of the RV (at last one of the purposes) is to give the Dinar enough value so that it can be useful in the "Rebuilding" of Iraq........

And what do you base that on?  What boots on the ground intel source who has never been right gave you that gem?  Shabibi said the purpose of the RD (not RV) was to simplify cash transactions and accounting, not rebuild Iraq. Seriously Randy, if they were going to RV to rebuild the country why would they wait for over 13 years?

Is There any thing else to 'have to do' for the RV to happen? NO NO NO NO.

If that's the case, we should be seeing a substantial change in the value any day now.  But of course it's not true, and the year will end with the value at less than 1/10 of a penny.

Will the Dinar Float? The answer is NO. For the most part they will have to RV the currency somewhere above $1.20.... Why above $1.20? Because they want to get all US dollars off the street! If the USD is stronger than the Dinar, then it will stay on street.... Just look at it now.

How idiotic!  With 70 trillion dinar in their M1 that would make their monetary base = $84 trillion with a foreign currency reserve total of less than $50 billion to back it.  Do you really think an unstable hellhole like Iraq is going to be able to provide any assurance to foreign investors by backing their currency at less than 1/10 of 1%?  And for the record, they're already on a float - a managed float to provide stability which is their stated policy.

Every one has been asking about the dong. It should RV as well

Vietnam's policy is devaluation as a strategy to build their exports and keep the economy growing.  It's working quite well, so why would they screw that up by raising the value?

Remember - this is Iraq!!

That's code for "forget everything I just said ... it ain't gonna happen"

I actually thought Randy was done with the dinar. Do us all a favor Randy .... go away and stay away.

This idiot has called the rv numerous times. In one post he stated a 3.41 rate. He has the balls to say the other scumbag scammer cockroaches call the rv frequently.  Woohoo Mosul is liberated so it'll rv tomorrow ! It's nothing but bullshit from another scumbag.