Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Confirmed...ATMs Are Locked & Loaded.


Luigi1
 Share

Recommended Posts

Luigi says...

Bruce confirmed Lower Denoms are locked  & loaded in ATMs.

Not verified. Your opine.

 

 

 

16  Aug 2017  Bruce...

They were testing the ATM machines. We understand the tests were successful.  Now the ATMs are operable. I haven’t heard anything to say they weren’t.  If so then the lower denoms are out and have a new rate. Did that occur yet? I can’t tell you 100 percent it has. I can’t verify that right now. It is positive that the ATMS are ready to put out the lower denoms.  The lower denoms, that is the new dinar currency that will replace the currency we have  with numbers of bills such as we have 5 dollar bill, 10, 20 50 100, so on. ATMs will probably have 10s and 20s like we have in our ATMs. The fils or coins are still something not in the ATMs, but in the merchant stores and in the banks themselves. I bet they have them in rolls like we have them in rolls in our banks.  Fils are coins that are portions of a dinar like we have a nickel, dime, and quarter, similar to that.
 

  • Upvote 4
  • Downvote 3
Link to comment
Share on other sites

You know this read like he is talking to a 5 year old. 

6 hours ago, Luigi1 said:

I bet they have them in rolls like we have them in rolls in our banks.  Fils are coins that are portions of a dinar like we have a nickel, dime, and quarter, similar to that.

 

Really you ignorant pin head..REALLY.

 

SR

  • Downvote 2
Link to comment
Share on other sites

Actually, from everything I have read, inside the country it will be a redenomination. The people of Iraq will be exchanging 25000 dinar notes for 25 dinar notes of equal value. The rate will go up to , let's call it a buck for ease of math, and a note swap will happen giving the people a certain amount of time to change out their currency. The three zero notes are bank notes and will not be valid on the streets of Iraq after the exchange period. The people of Iraq will not be getting rich from this. It doesn't work like that. What they will get is purchasing power with the new notes and appreciation as the notes/ exchange rate increases. We on the other hand are investors outside the country, and as stated by the CBI previously, will be able to exchange our notes at face value for ten years. I seriously doubt we will see many, if any, lower denominations outside the country of Iraq. They are for the people to use in daily transactions, not investment or speculation. The MOF has stated that they want the dinar to be a reserve currency and the secondary market, where we all bought our dinar, was the mechanism that spread the dinar around the globe and into the hands of people like us, with the ultimate goal of winding up in the coffers of the banks, who will hold the dinar as foreign currency reserves. The secondary market was very instrumental in creating a demand for the dinar and , I believe, created enough velocity to help hold the dinar stable. 

This is my humble opinion of course, I could be wrong.

Link to comment
Share on other sites

2 hours ago, mr.unlikely said:

Actually, from everything I have read, inside the country it will be a redenomination. The people of Iraq will be exchanging 25000 dinar notes for 25 dinar notes of equal value. The rate will go up to , let's call it a buck for ease of math, and a note swap will happen giving the people a certain amount of time to change out their currency. The three zero notes are bank notes and will not be valid on the streets of Iraq after the exchange period. The people of Iraq will not be getting rich from this. It doesn't work like that. What they will get is purchasing power with the new notes and appreciation as the notes/ exchange rate increases. We on the other hand are investors outside the country, and as stated by the CBI previously, will be able to exchange our notes at face value for ten years. I seriously doubt we will see many, if any, lower denominations outside the country of Iraq. They are for the people to use in daily transactions, not investment or speculation. The MOF has stated that they want the dinar to be a reserve currency and the secondary market, where we all bought our dinar, was the mechanism that spread the dinar around the globe and into the hands of people like us, with the ultimate goal of winding up in the coffers of the banks, who will hold the dinar as foreign currency reserves. The secondary market was very instrumental in creating a demand for the dinar and , I believe, created enough velocity to help hold the dinar stable. 

This is my humble opinion of course, I could be wrong.

So what is to keep Iraqis from leaving Iraq with their dinars and enjoying an RV vs a lop in Dubai for example.. my Kurdish friend has dinars here in the US and in his house in Erbil.. looks like he will have a choice if he wants to be rich or not.. lol

  • Upvote 3
Link to comment
Share on other sites

1 hour ago, GregHi said:

So what is to keep Iraqis from leaving Iraq with their dinars and enjoying an RV vs a lop in Dubai for example.. my Kurdish friend has dinars here in the US and in his house in Erbil.. looks like he will have a choice if he wants to be rich or not.. lol

Shhhhhh, you're not supposed to use common sense. 

  • Upvote 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.