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Luigi1

CBI announces the in country rate.

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I agree, there is only one rate, No in-county or out-county; and I seriously doubt that the rate would exceed the value of a Kuwaiti dollar, which presently equals about $3.50 USD.  My estimated range remains the same 0.10 - 0.37 cents, when the RV occurs.

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Yes I agree with you adlon. I'm convinced there will eventually be an RV at a lower rate. Until then we wait as usual.

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I agree, there is only one rate, No in-county or out-county; and I seriously doubt that the rate would exceed the value of a Kuwaiti dollar, which presently equals about $3.50 USD.  My estimated range remains the same 0.10 - 0.37 cents, when the RV occurs.

Your estimated range is still good imo. I'll take it yesterday.

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This is not good at all! This is another article describing a LOP. We don't want this to happen. Sounds recycled to me.

hi dalite hope all is well 

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ha ha!... Reducing the physical number of notes from 4 billion to 1 billion does not equate to a 4USD=1IQD revaluation or even a 4IQD:1USD revaluation. LMAO!... SMDH...

 

Gurus are like children when it comes to adult concepts...

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 I think I have read it before  The Local currency will reduce from 4 billion to 1 billon units, which will make there anciabh in the process of transfer of the currency, I think a lot of people read this as 4 to 1. and I HOPE there right,, GO R V !!! :bravo:

Edited by Boozer

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What are your thoughts Easyrider?

this is only a rumor so we take it as is.  Personally I think the CBI is ramping up to do something for the citizens, the elections are near, the pressure has been applied both by the IMF, the World bank and most importantly the citizens Maliki is being questioned by Parliament and Chapter 7 to be lifted.  From what i have heard the citizens are being told their value is to increase on Iraqiya Television.

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this is only a rumor so we take it as is. Personally I think the CBI is ramping up to do something for the citizens, the elections are near, the pressure has been applied both by the IMF, the World bank and most importantly the citizens Maliki is being questioned by Parliament and Chapter 7 to be lifted. From what i have heard the citizens are being told their value is to increase on Iraqiya Television.

I would agree. A level headed analysis is far more pleasing.

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Wow!....Easy, you are much further out on "the limb" than I have ever seen you. I too feel that "something" is going to happen. Lets just have enough faith to beleive it is going to be good for us. "keep it real"

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They had an in country rate during Saddam's time of around 3 dollars to 1.  Did CBI announces this or it will probably be tomorrow.  Before we know in country.

Edited by TPSprayduster

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From what I'm understanding of this article of you have a $100,000 Dinar you will only get $100 at turn in. If that's a true statement then this really did turn out to be a bad investment.

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Where is this CBI announcement .... I dont see any link in this thread but people are talking about a link .... whats up ??

 

Just another gurumor, Machine.

 

(That's why it's in the rumors section... ;) No offense...)

 

KK

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Hmmm, here is my thinking.

There are chances of the Dinar being revalued but for that to happen Chapter 7 sanctions have to go. This is so that commercial initiatives can be explored.

Having said this, for the Dinar to revalue, sanctions must go and therefore revaluation can happen ONLY AFTER sanctions are lifted, which I believe the commercial compulsions of the western world will have it go.

Post sanctions are lifted, Dinar has some potential to revalue.

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Just another gurumor, Machine.

 

(That's why it's in the rumors section... ;) No offense...)

 

KK

 

I know that lol .... I dont take any guru seriously ....

 

What I was asking was , what or where is the article people are talking about

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From a AngelQuest link...

 

CBI announces the in country rate $4 USD=1 IQD.

Int'l rate should be very close to that figure.

Say what???

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I just FARTED SO LOUD reading this news...I sure hope it's TRUE!!!!

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