Thoughts from KTFA Tuesday PM: "Payments, Loans, Rates in-Country and Out of Country"

KTFA:

MiitiaMan: Lets watch for retroactive payments to be made to citizens and as far back as 2-3 years electronically.

My understanding is that there will be payments and as early as by the 15th of this month for those entitled.

Might ask oneself why they were not yet paid? At a program rate they should have been, imo.

Before you answer that, maybe another question is did one see the articles about the 2004-2017 budgets being completed and sorted? Did one notice that they said "to" 2018 and not through 2018.

Well, imo they haven't shown just yet the amended 2018 and 2019 budgets as of yet, as that would expose the 2020 budget with the mechanism we all await, imo.

I have been told to watch for early payments and electronically. Well, early payment is the 15th is it not?
I alos make notice of the Kurds paid the oil early too. Fascinating how things are seeming to come together now.

Salaries imo are effectively contracts while one is employed. Just as loans are contracts they require payments, etc.. Just as they mention above. Auto loans, cash advances even, projects and contracting!! Those are all things that are speaking of internationalism. Speaks of Article 8 imo..

So, aside from that we watch them pay the loans and salaries electronically, just as we are awaiting an announcement that a rate has changed to be fully compliant.

Don't for get that as of 12/01/2019 through the EOM ITB an others suspended loans and or contracts for to be prepared for a rate change, imo..

As noted in the FA (final article) thread the CBI is on record for saying they are looking to RAISE the VALUE (price) of the IQD.. Nothing less, no reverse split, etc., etc. imo.

So financial inclusion is and has been a goal of not only the IMF and World Bank, but the CBI as well and it is well established to do just that. Nothing suggests otherwise.

Delta posted this weekend an amazing find on the CBI site that is dated on 09/30/2019.. That article supports they are doing looking to raise the value of the IQD and they even mention LDs, imo in the Video.. ~ MM

******************

TheSnod: It remains to be seen, but this is how this narrative should play out unless there is some international law/statute that gets involved In which, to date, we have seen no evidence.

In country, for example, Iraq will have to take their 25000 note at 1196 and trade it in for a 25 then the 25 will operate at 1-1 locally and internationally.

Out of Country, we are not required to change our 25000K note for a 25 to go to 1-1. We skip the 25 step. We are NOT involved in their RD of their RI. We are involved in the RV of the RI. That’s why I mentioned at the beginning of the post that there would likely have to be some provision made to force the 25000 note out of our hand before we exchange it at an international medium.

This is a strange/ wonderful situation because some of this currency has been allowed to slip out of the country making it a truly atypical currency reform.

In Iraq, it’s simply getting their IQD to work at the value of the dollar that was injected into the system early on to keep the whole thing from imploding.

Now, they reinsert their currency at the value that they are operating currently under the dollar, and start sifting the dollar back out. That’s all this is for them, and it’s just that simple if the IQD hadn’t been allowed out of the borders.

The only way they bypass turning their 25000k for a 25K at 1196 is possibly through a dual citizenship or some slick lawyer trust—If that is even possible.

How they benefit is their currency will gain in purchasing power again as it moves upward of 3 and probably over 4 in time, and the benefits of the international money that will come flooding in there, also the protection we bring to do business like this.

The place might turn into Dubai or more. Blessings

WeThereYet: The idea to get the three zeros off the street and into accounts and also wages into accounts is because when they flip the switch electronically the accounts and loans and debts will all loose the three zero's. Our hope is once this happens the physical notes, all the physical notes inside and out side will reflect the new rate. (trillions to billions electronically only) This is why they are at pains to remove as many three zero notes out of the hands of locals and out of circulation as possible. Simple electronic math is as W.S described ... a removal of three zero's electronically. IMO

Fuze: Try this on for size, this may explain it. Right now if an Iraqi citizen visits a local market with a 10,000 IQD note he can buy perhaps a loaf of bread and a "pint" of goat milk. With a new 10 dinar note after the Monetary reforms, he can buy a loaf of bread, dozen eggs, "half gallon" of milk and a package of meat. Imo

Rommy: Ah Ha! This would be the purchasing power that is the most powerful mechanism to the citizens! Well done! IMO

Harley1: Don’t forget...In country, a Dinar is a Dinar is a Dinar. The marketplace will be repriced according to the new small notes based on their value, and the larger notes will go away.

Just like here, a dollar is a dollar is a dollar, and our prices are reflective of its value, and we couldn’t care less what any other country can exchange their currency for against the dollar.

It doesn’t mean squat for what we pay for a loaf of bread (actually it does but individually as consumers we couldn’t care less what Europe or anybody else pays for the dollar).

We have a $10,000 USD but it’s not used at the consumer level but at the banking level. As we have been taught, the 25K notes will continue to be used at the banking level, not the consumer level.

Out of country, the exchange rate for the Dinar is a different ball game. It actually determines another country’s buying power inside that country. For us, we’re looking at it solely from an investment perspective as to what the 25K note will bring when exchanged for USD.

All IMO of course. ……Hope that helps.

Rich4hyip: I agree with some of the comments, there will be only one official rate after the RI, no matter inside or outside Iraq border…..deleting zeros is a internal affair….., their own financial businese….nothing to do with us. We invested is the value xhange. in addition Iraqi citizens will have to use the new currency ….because its imperative…..the cash management law they would be giving a timeframe to exchange…..after that it would be invalid,……just like many other countrys did…..we had the similar thing before in China. As to sending dinar outside….i think there will be tight control on the border ports….not easy to do that…..but there might be leaks.