binko

May I. Its basically the LOP which when he says "Homogenous Function Degree Zero" its basically saying that there is no change to valuation. It serves nothing to really strengthen the currency and is only a smoke screen to what really needs to be going on. An RV may be very close as this so called LOP may never need to happen if much of the money supply has been taken back via the auctions and whatever other mechanisms they have.

I think that the crappy translation is once again at fault here. They are saying that 1200 dinars will buy a dollar and then a dinar and 200 fils will also buy a dollar.......ie 1.2 dinars (post poppsy loppsy) if you want to believe it all. But its the same old same old........only difference here is that they are saying that it will be a lingering process over years. Which is really crappy if you believe them. How does it serve their best interests anyway? It doesn't do a thing for their international standing or economic progress unless they RV before releasing new currency. So I'll drink to that.

The fact that they say the same friggn thing ALL the friggn time - is such an overplay that I believe it really is a smokescreen. But do you really think that the powers that be would let them......come on, these Iraqis are so indebted to the liberating forces and international investment and oil sales that they will do what is dictated to be done by those with the mega interest in seeing their dinars bring a big return etc..........iraqi parliament is the most puppet like i have EVER seen. Its a friggn joke!

I agree - unfortunately ..........unless all this Lop talk is a smokescreen.

Yes Agreed and I recently used wire transfer to the new outfit.......probably just a wiring change........ Crazy how everyone wants to read RV into it. Would love the RV be now but this means zippo.

= smokescreen

Here's a thought: 20Mill did a scenario of CBI auction buybacks of dinar.........looks like 30- 50Trillion dinar bought back per year, at least (based on more like a trillion per week to me). Well thats been going on for several years right.... So if electronic is involved in there somehow then there's far more than enough to cover how ever many trillions up to about 300-500 Trillion or possibly more. So definitely think there is capacity in that argument. What say yee all

Thanks again 20M.........me I am very privileged to be in on this so late and with half your names sake worth.

20M Many thanks for that! Mucho appreciato. And to the several others who responded to my post - thanks also.

WHAT IS BEING SAID IS LOP LOP LOP !

I saw those daily currency auctions there and considered that they were actually selling dinar for USD. !!!! ie the other way around. I mean hey, where do all these dinarbanker and the likes get their masses of spanking new bills? So I see it as highly expansionary! And to the reverse end! They quote the auctions in USD and I assume USD equivalent because they are raking in USD from brokers who get it from you and me. Prove if you can that they are buying back dinar........coz I say its the other way around. Just saying IMO..........wish it weren't so but.......realism is where I am at. I sure hope you are right! Isn't there anyway to find someone who really knows whether dinar or $$ are being sold at the auctions? Also, I heard that the US forces are being paid in dinar not USD these days......so they must be getting lots of 000s out to the market , not removing them. This is not consistent. Can you explain this? Thanks.

I read that the 1000 dinar note will be a coin......I guess like a $1 aussie coin mate. Not so sure about the lop not happening. I think it will lop and then strengthen. Maybe 3-5 bucks.

The coins won't be worth $25. I think that is wrong. They haven't come out now simply because they are not relevant until the three zeros are dropped and the internal economy is rebooted at three zeroes less. When they are released they will be equivalent to coins say in the USA. When the Dinar RV at say $1 or more these coins are the...what do you call em....instead of "cents", I think "fils" . And then the lower new denom notes will be just what they say they are- ie approx 1 dinar, 5 dinar, 10, 20 50 100 dinar - yes . Simple. All existing on the ground notes in iraq will need to be exchanged for these lower denom. ie trade your 1000 in for a 1dinar new note, trade 4 of your 25,000 notes there for one new 100dinar note. Loaf of bread used to cost 2000 now will cost 2 x 1 dinar notes or 4 x 50fil coins. Pretty darn simple me thinks.

If / when it RVs I believe it will be tied with the 000s dropped from INTERNAL pricing in Iraq. If it is approx 1:1 rate with USD then the locals will be able to buy exactly the same stuff and only small currency will be valid......thats why there is such a big run on locals getting rid of their big notes for USD these past days. This activity to sweep the streets of large notes is fully consistent with an impending RV 1:1 ish. Addressing Riots: I think NOT. When the RV occurs yes they may or may not hardly know what massive money is being made by the USA and currency speculators in the first instance, and that will quickly be replaced with realisation that there is now a real economy that they are living in. I also think that the Iraqi government will, with strategic timing, pump some sort of massive stimulus package to the people in many forms - as learned over these years from their close association with "democratic" powers that be with their nouveau socialistic ways of appeasing the masses.

If they sell after the RV it will be at the RV price plus margin, not the absurdly low rates we have now.