6-25-2012 Hammerman: China is really under the gun to get this done. All documents are signed. The RV is set for a worldwide announcement. I would think they would get this done by Thursday. All this money will come back to China in the long run. It doesn't have to be done by Thursday but my contacts told me that 23 countries will RV by Friday and the main ones are Iraq and Vietnam. I can't prove this but it's what my solid sources are telling me. The dong will be in the mid teens with or without Iraq. The dinar will be closer to the RI rate. Last night 48 media organizations were closed down in Iraq then an additional 11 were ordered to shut down. They are trying to keep information from getting out. Iraq passed 20 laws, 6 of them were related to the RV over the weekend. 3 more were passed today. Also, the CBI put some articles stating that they were doing a test run, 2 day trial period on the smart cards. They also said to prepare for new coins and new bills on the street. The HCL and Erbil were both done on Friday according to my sources. Point blank, it's a finished deal. It's a finished, finished thing. Over done.
6-25-2012 Blaino: Over the last 48hrs I had confirmations from the CBI that this was done on Sunday the 10th. Then the in-fighting came and delayed it. It's happened 4 times since the 10th but they are getting closer. I also got a report that there are a number of VIP banker types setting up exchange opportunities.
6-25-2012 BWM: If your name means a mythological "shape changer," people probably shouldn't listen to you. That says it all. Let's put the whole "Iraq doesn't have to honor the dinar cashin" scheme. First of ALL, UST regulated banks SOLD the dinar. UST regulated banks will BUY the dinar back. SO, that would exhibit the distinct FACT that the U.S. government RECOGNIZES AND HONORS the Iraqi dinar. Then you understand that currency OUTSIDE of the ORIGINATING COUNTRY are covered by the COUNTRY HONORING the CURRENCY WITHIN ITS BOUNDARIES. Bilateral or not, the FACT that the U.S. Banks recognize the dinar means they RECOGNIZE THE CURRENCY. Please understand we are EXCHANGING CURRENCIES. Something that happens everyday for travelers going to and from country to country. IF we sold the currencies in our banks AND CURRENCY exchange locations (not collectives exchange locations) then we can safely dictate that unless the currency is declared NON TRADABLE by OUR government then we will continue to exchange the dinar for dollars.