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CBI announces the in country rate.


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#41 Happy Man

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Posted 13 April 2013 - 02:26 PM

for that rate I fly in Iraq overnigth...


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#42 LDR

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Posted 13 April 2013 - 02:39 PM

If you haven't heard anything from Adam, it's just another wishful thinking out loud. :shrug:


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#43 TPSprayduster

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Posted 13 April 2013 - 02:50 PM

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, 13 April 2013 - 02:51 PM.

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#44 JMULS31

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Posted 13 April 2013 - 02:59 PM

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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#45 KiaKaha

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Posted 13 April 2013 - 03:02 PM

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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#46 HopefulDinar

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Posted 13 April 2013 - 03:37 PM

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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#47 Silverdinar

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Posted 13 April 2013 - 04:39 PM

Ok,  I like it...I like it a lot..... I'll take the $4 to $1 any day of the week and twice on Sunday. Yeah Go RV!!!!!!!!!!!!!!!! :bravo:  :backflip:


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#48 The Machine

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Posted 13 April 2013 - 04:44 PM

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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#49 MrFnHappy

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Posted 13 April 2013 - 05:00 PM

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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#50 Kaduku

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Posted 13 April 2013 - 05:07 PM

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


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#51 doctor robbins

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Posted 13 April 2013 - 05:08 PM

Actually, the story is more like this:

 

Parliamentary Finance: Central Bank starts this year … 13/04/2013 2:18 pm

said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and economic international.

A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) It “According Almkhtabat official with the central bank, it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency.”

and noted that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.”

and between Yasiri that “the Finance Committee supports changes to the local currency because of the importance of the country’s economic.”

The central bank says that the deletion of zeros comes within the plan for the development of monetary policy and the reform of currency management.

and was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that “replacement currency and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar, which comes positive aspects significant to the economy of the country, and replaced revive economy Alibd but needs political environment and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the currency Iraqi “was the Iraqi Central Bank has pointed out last August that plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made ​​through cash in most cases.  Among the difficulties faced by Iraq if they are to foot the deletion of zeros from the dinar is withdrawn about 30 trillion dinars in circulation in the Iraqi market, then discarded and replaced with a new currency

 

If this is the article in question it says nothing about the exchange rate.  It's talking about currency reform, deleting zeros, replacing the currency, and facilitating financial transactions.  That's a re-denomination. 


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#52 Reelemfast

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Posted 13 April 2013 - 05:13 PM

I was going to quit Drinking, im not now.

People will beleave anything, but, it's gettin closer to a R.V.

There slow people, they got alot to do, keep the fightin down,

everyone show up to vote, do it right and maybe we can put ya

in the 3rd grade next year. And for crying out loud get that sheet off

your Azz, you look rediculious, and comb your hair, the bee'z are going

to eat ya alive with that pillow case wrapped around your head.

For crying out loud...........


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#53 greeneyedlady

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Posted 13 April 2013 - 05:15 PM

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

 

This statement is where the 4:1 came from: 

 

and noted that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.”

Read more: http://dinarvets.com...3#ixzz2QO87RGL8


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#54 moultonn

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Posted 13 April 2013 - 05:23 PM

Then why hasn't the cbi.iq rate changed?   You are telling a white lie,,, or maybe I should say a big fat lie,,


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#55 umbertino

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Posted 13 April 2013 - 06:08 PM

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

That's great... Thanks for sharing.


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#56 Nelg

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Posted 13 April 2013 - 06:44 PM

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.

The average wage of Iraq is est. $5000 a year or 5,830,000 in dinar at 1166.  Remove the zeros and you have 5,830 dinar! That is not raising the value of the dinar and will not help the people of Iraq, nor us.  I'm not getting into a LOP debate, but that is "much to do about nothing."


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#57 Luigi1

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Posted 13 April 2013 - 07:11 PM

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

 

 

I just **** all over myself.

I must change my Depends again.


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#58 storm1

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Posted 13 April 2013 - 07:43 PM

After reading some of these replies, I can not believe people still think if an RV occurs that the Iraqi people are going to "cash in" what are they going to cash in? Jeeze wake up!!


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#59 vikingjuve

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Posted 13 April 2013 - 07:45 PM

It must be an Okie article!


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#60 SnowGlobe7

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Posted 13 April 2013 - 08:26 PM

the fact that people even consider a $4 to one dinar is just fascinating to me!!!!!


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