119 replies to this topic

[Firebird]

am soooooooooooooooo tired of the BS and the UPs and DOWNs ....I really really really just want this ride to STOP and come to whatever conclusion ~ I dont even think they know what they want. I certainly hope it happens before 2013 but .... we will see. What they type today - changes by tomorrow with a contradicitng article .. so we really dont know where things are for sure ..... sigh !

[Luigi1]

I may be wrong, but the way I read this, They want to delete the "0"'s and make it equal to the USD. To me (and I am tired so may not be reading this right) taking a 1000 dinar and removing the zeros makes it a 1 and then make that equal to 1 USD. So a 25,000 dinar will be worth 25 USD? Sorry if I sound crazy, maybe I have mis-read this.

You are observant. I been saying this all along...it's looking more like a hybrid LOP, RV & managed float all in one. Neverthe less, there is plenty of money to be made off of the IQD. The one year to exchange may help out giving the IQD time to go up in value as the economy improves.

Don't worry about the people here, Luigi. It seems that many here go straight for the throat if anyone even hints at anything that delays the RV or is not an RV. Keep posting, I enjoy them. Adam moves his prediction again and again; he gets praise. You do it, you get burned and called a pumper.

Thanks. Either way...we win no matter RV, LOP or managed float.

The Shabs has stated repeatedly a LOP or combination hybrid RV.

I'm just the messenger.

Thanks for sharing.

All good things come to those that wait.

I sure hope I am wrong. If this is the case, why buy more? We will be lucky to break even and most likely will loss money. Sure hope some one will tell me I am reading this wrong

We will more than break even if it is a genuine LOP. A LOP will get the IQD = to the Dollar. A X3.5 RV after will get the IQD par to the Kuwait Dinar. A managed float after x3.5 will make the IQD the strongest in the region. Mission accomplished. Everyone wins.

I wish you were......

A x3.5 profit after LOP is a very good return. Wall Street & savings intrest is near 0%.

I thought that Iraq's meaning of "NEXT" means "NOW". So Next year is this year.

In coming days also means a ways off.

In Switzerland, they accept 2 currencies. The Swiss Franc and the Euro.

In Iraq, they'll have 3 currencies. US Dollar (I'm assuming that local merchants accept them), Old Dinar (what they currently have) and New Dinar.

Assuming they'll set one price on their goods. Old price for Item A is 25,000IQD becomes 25IQD. They might show 3 prices. US Dollar, Old Dinar and New Dinar prices.

Old Dinar 25,000 will buy 25IQD Item A. New Dinar 25 will buy 25IQD Item A.

Old Dinar 25,000 will exchange for US$21.50. New Dinar 25IQD will exchange for US$21.50. And if they accept US Dollars, Item A will sell for $21.50. None of this considers bartering.

Old Dinar exchange rate $0.00086. New Dinar exchange rate $0.86.

For that one year, you won't be cashing in the Old Dinar at $0.86. The Old Dinar 25,000IQD will exchange for New Dinar 25 IQD. A person would not be able to exchange Old Dinar 25,000 at US$0.86 for US$21,500, then exchange it back to New Dinar 25,000.

I've seen in France, back in 1986, that they made a new currency and the store owners would not accept the old currency. Even though it had the same value. Had to exchange it at the bank.

Can't argue you there. What you say makes sense & has been historically true.

am soooooooooooooooo tired of the BS and the UPs and DOWNs ....I really really really just want this ride to STOP and come to whatever conclusion ~ I dont even think they know what they want. I certainly hope it happens before 2013 but .... we will see. What they type today - changes by tomorrow with a contradicitng article .. so we really dont know where things are for sure ..... sigh !

Hang in there bud. We are on the way. Just a few bumps in the road in need of smoothing out.

[Luigi1]

GO RV 0.00086 = 0.86

The Shabs recently hinted at increasing the IQD exchange rate to 1,000 to $1. This would make it easier on the Iraqis after the 3 zeros are raised. This could very well happen as one senario prior to any RV, LOP or float.

[coleman619]

A good rule of thumb is to disregard anything Luigi posts, re-posts, or regurgitates.

[rightsonword]

A good rule of thumb is to disregard anything Luigi posts, re-posts, or regurgitates.

Stay classy . . .

[Jmasters]

A good rule of thumb is to disregard anything Luigi posts, re-posts, or regurgitates.

Nothing was said about the RV taking place then.So,if it happens sooner than that like September or an October surprise ,the art icle has a lot of truth to it.I wouldn't' discount it as false IMO

[Luigi1]

Nothing was said about the RV taking place then.So,if it happens sooner than that like September or an October surprise ,the art icle has a lot of truth to it.I wouldn't' discount it as false IMO

Agree. The article suggests the new currency coming out & co-existing with the old & a one year turn in of the old at the start of the new year. No rates were given nor indications of a LOP, RV or float.

This rules out any major rate changes in June & possibly September & December.

[coleman619]

Nothing was said about the RV taking place then.So,if it happens sooner than that like September or an October surprise ,the art icle has a lot of truth to it.I wouldn't' discount it as false IMO

I'll stand by my earlier statement. If you have been here long enough, you know why...

[Luigi1]

It's over, get out now before you lose your shirt! Ties, pants, shoes, undershorts, EVERYTHING! You'll have nothing left but dinar to wear like a fig leaf!!

The worst case senario a LOP. You lose nothing nor gain nothing. A LOP along with a RV or managed float to x3.5 is even better. Where else will you get a 350% profit in such a short while. I know I'll be thankful & still count my blessings for a 350% return. I'm still hoping for a straight up RV.

Catchy headline for sure... they could RV anytime from now to the first of the year, if that is their intentions and just let the citizens keep using USD until the new currency is released in January... this aricle confirms nothing IMO..

At the very minimum CBI would have to at least release the coins & small denoms prior to a RV. If they don't then they would have to LOP off the three zeros untill the new currecy comes out. I'm sure the coins & smaller denoms will come out at any time along with an RV. The new currency can then wait till 2013.

Edited by Luigi1, 21 June 2012 - 12:37 PM.

[Redwizard]

You are observant. I been saying this all along...it's looking more like a hybrid LOP, RV & managed float all in one. Neverthe less, there is plenty of money to be made off of the IQD. The one year to exchange may help out giving the IQD time to go up in value as the economy improves.




Thanks. Either way...we win no matter RV, LOP or managed float.

The Shabs has stated repeatedly a LOP or combination hybrid RV.

I'm just the messenger.





All good things come to those that wait.





We will more than break even if it is a genuine LOP. A LOP will get the IQD = to the Dollar. A X3.5 RV after will get the IQD par to the Kuwait Dinar. A managed float after x3.5 will make the IQD the strongest in the region. Mission accomplished. Everyone wins.




A x3.5 profit after LOP is a very good return. Wall Street & savings intrest is near 0%.




In coming days also means a ways off.





Can't argue you there. What you say makes sense & has been historically true.





Hang in there bud. We are on the way. Just a few bumps in the road in need of smoothing out.

I dont see it...... They delete the "0"'s, 1 mil becomes 1k, they make the dinar equal to the dollar, (or .86), we pay bank spreads and Barry his 15-30% we are down to low $600 for something we paid nearly a grand for. Now take your estimated 3.50, 3500 with bank spread and Barry's 30%, you may double your money $2,000 for every $1,000 spend. With most investments to double your money is good, with this investment for the time spent I dont consider that a GREAT investment. Lets just say for grins, a person has 10 mil dinar, they have roughly $10k USD invested, they may if it gets to 3.50 in the year allotted, make $10,000 USD that will be a $1,000 a year or $83.00 a month.

[Luigi1]

I dont see it...... They delete the "0"'s, 1 mil becomes 1k, they make the dinar equal to the dollar, (or .86), we pay bank spreads and Barry his 15-30% we are down to low $600 for something we paid nearly a grand for. Now take your estimated 3.50, 3500 with bank spread and Barry's 30%, you may double your money $2,000 for every $1,000 spend. With most investments to double your money is good, with this investment for the time spent I dont consider that a GREAT investment. Lets just say for grins, a person has 10 mil dinar, they have roughly $10k USD invested, they may if it gets to 3.50 in the year allotted, make $10,000 USD that will be a $1,000 a year or $83.00 a month.

Your right. The price I quoted was net not take home after spread, taxes & other charges.

[umbertino]

Quote
The worst case senario a LOP. You lose nothing nor gain nothing. A LOP along with a RV or managed float to x3.5 is even better.
End Quote
Sorry to disagree with you on this one... But nothing is guaranteed as per the IQD going up 3.5 times once it gets lopped ( if it does get lopped).... And it's a loss if it's a 1:1 lop especially considering the time one has had the IQD capital stuck still ... Some have been in this for years ( 8 in my case) while that same money could have been invested somewhere else and reap something..
And let's not forget that when we'll cash in there will be fees, commissions etc to take care of... At 1:1 it's a loss.

Edited by umbertino, 21 June 2012 - 04:43 PM.

[KamelKeeper]

Thanks Kamel.

What? You're a not a Bush-hugger?

Just a joke

[powerpager]

Or the June After Thet !!!

[jon29]

I dont see it...... They delete the "0"'s, 1 mil becomes 1k, they make the dinar equal to the dollar, (or .86), we pay bank spreads and Barry his 15-30% we are down to low $600 for something we paid nearly a grand for. Now take your estimated 3.50, 3500 with bank spread and Barry's 30%, you may double your money $2,000 for every $1,000 spend. With most investments to double your money is good, with this investment for the time spent I dont consider that a GREAT investment. Lets just say for grins, a person has 10 mil dinar, they have roughly $10k USD invested, they may if it gets to 3.50 in the year allotted, make $10,000 USD that will be a $1,000 a year or $83.00 a month.

THANK YOU! That's what I'm talking about. Deleting the 0's and a 1 to 1 exchange, minus fees, and we LOSE money, not break even as people keep saying. Thanks for spelling it out.

[Luigi1]

Quote
The worst case senario a LOP. You lose nothing nor gain nothing. A LOP along with a RV or managed float to x3.5 is even better.
End Quote
Sorry to disagree with you on this one... But nothing is guaranteed as per the IQD going up 3.5 times once it gets lopped ( if it does get lopped).... And it's a loss if it's a 1:1 lop especially considering the time one has had the IQD capital stuck still ... Some have been in this for years ( 8 in my case) while that same money could have been invested somewhere else and reap something..
And let's not forget that when we'll cash in there will be fees, commissions etc to take care of... At 1:1 it's a loss.

The Shabs often speaks of the IQD par to the Kuwait Dinar. Par to the USD is a temporary benchmark. Shabs went into detail at last year's monetary summit in Jackson Hole WY.
He further envsions the IQD strongest in the region against the USD. Right now the USD to Kuwait Dinar is trading roughly 3.44 to 3.60 USD to 1 KD.

[Padrev]

Last year the Chinese news agency, Tsinghua, reported through CCTV1 (The national news channel) and CCTV9 (The international news channel) that Iraq was going to revalue its currency and that it would take 'a couple of years'.

The report was widely viewed and widely distributed. It has been the ONLY 'official' news report even mentioning the RV in anything other than vague terms. I encourage everyone to search for that report and watch it. It's 30 seconds of affirmation, but it CLEARLY stated that it wouldn't be until at LEAST 2013. I have seen or heard nothing else 'credible' with any kind of date. Therefore, 2013 seems the most reasonable to me too.

On youtube, look for 'Iraq currency revaluation cctv news'. Sorry I can't link it. Youtube is blocked in China.



Good things come to those who wait... that new TV will be 'free' when the zombie apocalypse starts..

[Jmasters]

If this be the case it gives me time to attain quite a bit more than I have now .I have all the faith I need in the Dinar having been waiting all this time, a little longer and more in the safe will only help the smile on my face..Go RV!

[Redwizard]

Quote
The worst case senario a LOP. You lose nothing nor gain nothing. A LOP along with a RV or managed float to x3.5 is even better.
End Quote
Sorry to disagree with you on this one... But nothing is guaranteed as per the IQD going up 3.5 times once it gets lopped ( if it does get lopped).... And it's a loss if it's a 1:1 lop especially considering the time one has had the IQD capital stuck still ... Some have been in this for years ( 8 in my case) while that same money could have been invested somewhere else and reap something..
And let's not forget that when we'll cash in there will be fees, commissions etc to take care of... At 1:1 it's a loss.

That is what I am saying. Money invested and no return or maybe a negative return. If they start with a 1:1, I really dont see it raising to 3.50 in one year.

THANK YOU! That's what I'm talking about. Deleting the 0's and a 1 to 1 exchange, minus fees, and we LOSE money, not break even as people keep saying. Thanks for spelling it out.

Well that is how I see it. I wish some one would tell me I am wrong.

[Jmasters]

"umbertino, on 21 June 2012 - 05:41 PM, said:
Quote
The worst case senario a LOP. You lose nothing nor gain nothing. A LOP along with a RV or managed float to x3.5 is even better.
End Quote
Sorry to disagree with you on this one... But nothing is guaranteed as per the IQD going up 3.5 times once it gets lopped ( if it does get lopped).... And it's a loss if it's a 1:1 lop especially considering the time one has had the IQD capital stuck still ... Some have been in this for years ( 8 in my case) while that same money could have been invested somewhere else and reap something..
And let's not forget that when we'll cash in there will be fees, commissions etc to take care of... At 1:1 it's a loss.

That is what I am saying. Money invested and no return or maybe a negative return. If they start with a 1:1, I really dont see it raising to 3.50 in one year.

That is what I am saying. Money invested and no return or maybe a negative return. If they start with a 1:1, I really dont see it raising to 3.50 in one year.

Well that is how I see it. I wish some one would tell me I am wrong.

http://dinarvets.com/forums/index.php?/topic/120883-kaperoni-621/page__pid__982262__st__0&#entry982262

Edited by Jmasters, 21 June 2012 - 09:30 PM.