Luigi1 Posted August 16, 2017 Report Share Posted August 16, 2017 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. 4 3 Quote Link to comment Share on other sites More sharing options...
BETTYBOOP Posted August 16, 2017 Report Share Posted August 16, 2017 2 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted August 16, 2017 Report Share Posted August 16, 2017 NOPE... Sorry MR NOPE... But I had to say it. B/A 2 Quote Link to comment Share on other sites More sharing options...
MisterNope Posted August 16, 2017 Report Share Posted August 16, 2017 That's OK someone has to slap that ball down.... What a shameful load of crap. It's hard to believe Bruce has any fans AT ALL!! But then again it's not about him it's about Jesus. Remember kids, Jesus will bring this thing about. 1 3 Quote Link to comment Share on other sites More sharing options...
MisterNope Posted August 16, 2017 Report Share Posted August 16, 2017 On another note, did anyone notice...... "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. " Bruce is a LOPster! ***GAAAAASSSP!!!*** 1 2 Quote Link to comment Share on other sites More sharing options...
SupraRacer Posted August 17, 2017 Report Share Posted August 17, 2017 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 2 Quote Link to comment Share on other sites More sharing options...
jordan1 Posted August 17, 2017 Report Share Posted August 17, 2017 I am sure this is going to happen when the Kurds are screaming for seperation.. Does anyone in here read rewl news? Lol ... Quote Link to comment Share on other sites More sharing options...
Rmc10 Posted August 17, 2017 Report Share Posted August 17, 2017 The United Nations just made it illegal for the Kurds to separate from Bagdad. It was in the news today so..... 2 Quote Link to comment Share on other sites More sharing options...
mr.unlikely Posted August 17, 2017 Report Share Posted August 17, 2017 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. Quote Link to comment Share on other sites More sharing options...
GregHi Posted August 17, 2017 Report Share Posted August 17, 2017 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 3 Quote Link to comment Share on other sites More sharing options...
idplzr Posted August 17, 2017 Report Share Posted August 17, 2017 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. 1 Quote Link to comment Share on other sites More sharing options...
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