Thursday, July 28, 2011

Dinar Intel - The Deal On The Hill


Date: Thu, Jul 28, 2011 at 2:31 PM

Posted on July 28, 2011 at 2:05pm
Confirmation has been obtained by my contact that Honduras and Costa Rica did revalue their countries' currencies on Tuesday. Last night it was reported that 6 - 8 countries revalued their currencies yesterday. The roll-out of this basket of currencies should be completed within 24-48 hours, it has been reported.
Understand that somewhere around 168 currencies are revaluing; some will go up and some will go down. Most of them will be such a slight change that it will hardly be noticed. It was said that the VND (Vietnamese Dong), which is the other currency of interest that should experience a very large rise - even to a nickel - is just standing by and can go at anytime it wants.
Projection of that rate is 20-30 cents. I am sure its revalue will not come at a time that would allow for double-dipping into the IQD. There is also the report that CBI is notifying dealers and banks of the pending revalue of the IQD.
It looks as though the USD will devalue somewhat, but these up and down movements in the dollar have been going on all along and sometimes by a few cents at a time. Just keep in mind that with the dollar going down in value, the higher the rate will be for the IQD. Understand now how the US can hold up the main revalue of currencies like the IQD? With the debate over the budget and credit rating and "possible default" (not!), a rate for the dollar has to be known to solidify the rate of the IQD.
It has been said again today that "the deal on the hill" has been settled for days now and what we are seeing on TV is high drama and theatre. It was reported that "O" told the banking systems yesterday that we will not default and I am sure the systems that need to know are also aware of the deal that has been worked out in Washington, and we could see this "unveiling" of the main currencies at most any time now.
Just got a report that the UN has met and within three minutes presented and voted on the two issues concerning Iraq and gave unanimous approval on both. This signifies that Chapter 7 is DONE!

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