May 29th 6pm
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In observance of Memorial Day, we will not be sending out the 6pm or 10pm (ET) Email Newsletter as usual.  We WILL have one Email Newsletter around 7pm (ET).

Please check our Blog Page for updates as we will continue to post throughout the afternoon and evening.

Thank you for your readership and we at Dinar Recaps wish everyone a safe holiday.


 
China's Mysterious New Yuan Formula 'No Big Quick Fix For Market Volatility'

Wendy Wu   South China Morning Post

The Chinese central bank's plans to tweak the way it sets the yuan's daily reference rate to the US dollar points to concerns in Beijing about keeping a lid on market volatility, analysts say.
 
The People's Bank of China (PBOC) confirmed on Friday that it might add a vague "counter-cyclical factor" to the pricing model it offers to market makers to decide the yuan's daily reference rate against the greenback.
​...
 
So as the economy grows so will the value of their currency.

Some say the currency value will rise very suddenly, as investors flock into Iraq. Well we have to wait and see what happens.    However we should    please stop comparing the situation in Iraq to what happened with the Kuwaiti dinar in the 90’s. Two completely different situations and this is where we get messed up in our thinking.
 
The delete the zeros process  is already well underway  this is very evident by all the financial reforms we have witnesses since Abadi took office. Many of these reforms had been planned way before he took over as prime minister, however the Nori al-Maliki administration stifended the economy and was more concerned about making Iraq a puppet state of Iran rather than moving the country forward and independent.  
 
But the key to this entire revaluation process is this: The CBI must finally move the currency to a  GLOBAL  status and make it attractive to the  GLOBAL    investors. They must “officially” get out of this sanctioned or “closed” economy and open themselves up to the world. 

 
( Thank you George for emailing this to Dinar Recaps. )

May 29, 2017 Mnt Goat News Brief
 
Hi Everyone,
 
I bring you much news today.     
 
Lots of VERY GOOD news from the CBI today about the banking practices and the new laws about to be implemented. It is all in our favor and shows us that Iraq is now serious about fixing their economy and moving to full international status.
 
Also lots of conflicting news about just what the status is on the fight to liberate Iraq from ISIS. All we know is what they tell us. Yes – it is conflicting and maybe it seems to be dragging on and on. But in reality there is such a juicy article about an interview with the prime minister Abadi I am going to share with you today. This article should make you VERY HAPPY!

 
Post From Peoples Dinar
PD Member News Excerpts & Highlights Monday AM  5-29-17
 
MrsClassy:     Mosul to be liberated in week, PM Abadi orders celebration preparations
By  Nehal Mostafa May 29, 2017, 2:09 pm
Security      http://www.iraqinews.com/iraq-war/
 
NB-173273-636034165449184449.jpg      The Iraqi flag.
 
Report Mosul (IraqiNews.com) Military sources have said that liberation of Mosul will not last for more than one week to prevent battling in the city after June 10, which marks the day on which Mosul fell to hands of the Islamic State militants in 2014, reports mentioned.
​...

 
KTFA:

Frank26:  To those and their Families that have served to protect our Nation .............. Thank You !!!

Don961:  URGENT Federal Court postpones appeal in the budget of 2017 to next Monday

History of edits:: 2017/5/29 13:02 • 112 times readable
 
[Oan- Baghdad]

Federal Supreme Court postponed the decision on the appeal against the government financial budget for the year 2017 on Monday , as the next three experts in the field was elected budgets to report Bhonh..itba

http://www.alliraqnews.com/modules/news/article.php?storyid=62397

VSDK:  Would somebody be kind enough to explain to me what the appeal in the budget means? Is it an adjustment to the numbers or something like that?  
....


 
In observance of Memorial Day, we will not be sending out the 6pm or 10pm (ET) Email Newsletter as usual.  We WILL have one Email Newsletter around 7pm (ET).

Please check our Blog Page for updates as we will continue to post throughout the afternoon and evening.

Thank you for your readership and we at Dinar Recaps wish everyone a safe holiday.