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Showing content with the highest reputation on 08/22/2019 in all areas

  1. Thank you Adam! I have been away for a while. My hubby and I have had our first baby. I am back on here now. Have a great day everyone!
    10 points
  2. Hi Floridian, If I may, I want to share my opinion on this. But first, let me quote an article on 'chunky' money or "mattress money" 12-12-2015 02:36 PM He revealed the central bank governor on the Keywords , earlier, that 77% of the Iraqi currency traded in the market are chunky in residential buildings, pointing out that "these funds are outside the banking sector." Now......I'm not too sure if all these 77% Iraqi currency 'traded in the market' are all dinars, simply because of the 'dominance' of USD in Iraqi market. Iraqis (as we know it) al
    10 points
  3. I asked my Iraq friend at work about the Iranian influence and she didn't seem concerned, like what can you do? It has roots in the government so decisions will be made in their favor. I will keep at her for more questions. I knew I was not going to have a lot of time as our little group includes about 6/ 3 woman chatting and eating donuts.lol She does not seem concerned about anything in Iraq as she is out of there. Of course, she said it would be nice if the dinar gained value😄. Again, she said it was so much better over there.
    9 points
  4. Why bash Luigi for posting rumors in the rumors section? If you don't like reading rumors, just skip it. Geeez B/A
    8 points
  5. If At First U Don’t Succeed - Don’t Buy Buy (another exotic foreign currency) Again !
    7 points
  6. 8-22-2019 Intel/Newshound Guru sandyf ...One of the big problems is that many do not understand the difference between the monetary unit(Dinar) and the currency(IQD). Countries do not remove zeros from the currency, they are removed from the monetary unit. In a redenomination the currency IQD would retain the zeros and a new currency introduced that did not have zeros. The old Turkish lira TRL still has zeros, it was the new currency TRY that had the zeros removed. When reading articles care needs to be taken in respect of the context, are they referring to the monetary unit or the curren
    7 points
  7. I mentioned the iraq dinar at work to a Iraqee woman and she told me about this rate and I said, ya I know. I need to talk to her some more. She still has family there. She said it was so much better over there and all the bad news was made up. Any, question requests for her?😀
    7 points
  8. YOU The Man, Floridian, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! Well, OK, I know I MAY be perceived as BELABORING the point but maybe BABY try THIS!!! The Insanian Rial or Toman is a "pipe" "dream" at best!!! The Vietnamese Dong may ALSO be a "pipe" "dream" as best as well!!! Sure, give THEM a try understanding THEE Bicraqi Iraqi Dinar HAS POTENTIAL!!! EO13303 + RENEWALS Bicraqi Iraqi IMMENSE Crude Oil Bicraqi Iraqi IMMENSE Resources BEYOND Crude Oil Iraq IS a Strategi
    7 points
  9. As I recall, and please correct me if I am wrong, but I thought the $3.22 rate was imposed by Saddam Hussein on a whim, and he revalued the dinar when he felt like it. There was nothing analytical about the rates he choose. It was just higher. In the 90s when the country had been ravaged by a dictator, $3.22 sounds pretty high IMO. But I would take it!
    7 points
  10. Hey BL... Iran: Rial Revaluation Bill Sent to Majlis Iran: Rial Revaluation Bill Sent to Majlis ..... President Hassan Rouhani sent the rial redenomination bill to the Majlis on Wednesday for debate. As per the ‘Reforming Monetary and Banking Law’ bill, four zeros will be shaved off the national currency and the monetary unit will switch officially from the rial to the commonly used toman, the official government website, dolat.ir reported. Originally floated as a Central Bank of Iran proposal, the bill was appr
    6 points
  11. HAH! In all my years following the ups and downs of the dinar, this has NEVER occurred to me. Thank you so much, Zul. You have shed new light on the whole picture. 😊 I'll bet you're right. If I was in Iraq, I would be hoarding dollars, not dinar.
    6 points
  12. 8-21-2019 Newshound Guru MilitiaMan Article: "Trade completes electronic window project" Quote: "Iraq Trade Point will activate the work of the private sector and promote the growth of the Iraqi economy and will be the focus of all international goods," Franks Teams [Guru Frank26] told us about this to come, the "DEDICATED WINDOW" has arrived. This is timed so that to facilitate imports and exports for global goods. The licensing is in place. They could be setting the stage for interconnection with the ISX and NASDAQ in the short term as well. Investors will be looking to do busines
    6 points
  13. Yep Carrello, that's the way I remember it. It was an artificial rate that Saddam created to fund the war with Iran and his lavish lifestyle. The basic economics, finances and political situation, at the time in Iraq, did not/could not back up the rate of $3.22 I am hoping for an exchange rate in the $1.60/$1.70 range, SOON (like yesterday ) , as indicated by recent financial statements by the CBI (Central bank of Iraq). Semper Fi Show me 'da
    6 points
  14. Thanks, Keylime. You have a blessed and safe week, too. We're all praying that our long wait will be rewarded shortly. 😊
    6 points
  15. Yep. My great grandmother Marion Cleveland's uncle. I've read several explanations on here in regards to that "chunky mattress money" but have had a long day working and brain fog doesn't allow me to recall. Ha! But perhaps someone else can expound on that scenario. Have a blessed and safe rest of your week. I'm daily praying this year, this month, is our time.
    6 points
  16. I have a convertible black camaro now.....so I'm ready for the car above! Lol Fyi...my tarot card readings say ... MONEY IS COMING IN BIG TIME....I'm waiting, lol I would love a Porsche!!!
    6 points
  17. Yes, and a bit more - I'll do an update on that in the near future.
    6 points
  18. It shocks me to see how so many dinar holders reject any chance of Iran doing anything with their currency besides the dreaded lop. They use the same argument about Iran that people have used to dissuade others from buying dinar, ie lopsters. Again, the rial is such a cheap gamble, why anyone wouldn't put down a few bucks to see how it goes, is beyond me. If they lop, I'm out $100. Boohoo
    6 points
  19. Thank you jg1. I appreciate your time and best of all it is good to know life is better in Iraq. The hell those people have been through for decades is infamothable. Saddam Hussein was in power over them for 30 years so their time has been a long time coming. It's easy to sit here and judge and criticize Iraqis (not the corrupt in power) but as they say you have to walk a mile in their shoes to know how much those shoes might really hurt. Thanks again.
    5 points
  20. Nada "Thang", BlueSkyLine, AND The Very Best Of Your Weekend To You!!! A DISCONNECTED Insanian Rial Does NOT CONNECT THEE Insanian Toman ON INTERNATIONAL CURRENCY EXCHANGES. Spanctions ARE STILL Spanctions. THEE Spanctions may be BABY "modified" TO INCLUDE THEE Insanian Toman AND/OR ALTERNATE "financial" (i.e. cryptocurrencies) INTERNATIONAL "exchanges". AKA THEE "article" "above" "notes" Insanian BLOVIATION!!! Bloviation
    5 points
  21. Nice to see you back RMC10.... Congrats on your first little one.... Enjoy every minute. They grow up fast. Mine are in teens now
    5 points
  22. 5 points
  23. A Very Keen Yet Openly Identifiable Point, Yota, AND ALL The Very Best!!! True The United States Of America Patriots are focused on the Principles NOT the Person. True The United States Of America Patriots Know AND Understand While APPLYING the four (4) Textual Cornerstones. True The United States Of America Patriots Stand AND Get The Six Of OTHER True The United States Of America Patriots. True The United States Of America Patriots OCCUPY ALL Corridors Of Morality AND Rule Of Law Provisions Based On The Constitution Of The United States Of Amer
    5 points
  24. The bill "Reforming the country's Monetary and Banking Law" was sent to parliament The bill "Reforming the country's Monetary and Banking Law" was sent to parliament to remove four zeros of the national currency and change the national currency. Implementation of a monetary system reform plan in the form of the elimination of four zeros of the national currency and a review of banknotes and coins will increase the role of the instrument in the country's payment systems, according to Mehr News Agency . In this regard, Hassan Rouhani sent the legislative refo
    5 points
  25. "They are "Replacing" those bills with bills that don't have 3 zeroes." I'm I'm thinking this is exactly what we want and then increase value. I've I've always believed that taking out zeros off all currency would be a lop.bad.
    5 points
  26. This kinda reminds me a bit of just how quickly my EX could go from Friend to Fiend . . .
    5 points
  27. My humble understanding is not that they are deleting three zeroes from our bills or any 3 zero bills, but rather they are "Replacing" those bills with bills that don't have 3 zeroes. Much like the US phased out the 1000 bill from circulation. Even though you can still walk into a bank with a 1000 dollar bill and get 1000 dollars for it. So we "deleted" the 1000 bill from circulation, but it is still worth 1000 for those that turn them in. Although if I had one, I would not turn it in. It has my Great Uncle Grover Cleveland on it. And one day I am going to buy one and frame it. Hope
    5 points
  28. Yup! You're right, Synopsis. Thanks. But I'm still a little worried. 😂 I think the Iraqis will be thrilled with a reinstatement. I, too, would be thrilled if I wasn't waiting 9 years for it, or is it 10 years now? Who remembers anymore? Just so tired of waiting. Hope they do something SOON!
    5 points
  29. 'government direction to REINSTATE the currency and delete zeros from paper currency in order to strengthen the national economy. "' From Google: "The old dinar was worth $3.20 before the United Nations embargo that followed Iraq's invasion of Kuwait in 1990." I'm a little worried about this: Reinstate the currency and delete zeros from paper currency does not make us rich, if they delete the zeros from our paper currency too.
    5 points
  30. Just getting in. Zul that is what was interested in. The USD, since I figure it is used everyday are people really stashing the dinar. Most of the photos of the dinar on the street look ripped and badly damaged. I would think that they would exchange them for the USD after all these years. I also would be interest on their take on the exchanging of the USD that were damaged? The CBI made a big deal of it.
    4 points
  31. I know what you mean. I have twins. They are in their late 20's. Daughter is about to have her second child and m son is about to make Captain here in September. I can remember both of those days. It goes way too fast.
    4 points
  32. Congratulations on the new baby!! And mine are both in their 30’s now!! 😲 You’re so right, they do grow up lightning fast!!
    4 points
  33. This rv bill /redonimation bill is the removal of the monetary unit while introducing the new bill with less zeroes and retaining the old bill with zeroes on them...the only thing that has changed as I had mentioned before is the face value of that currency..Where the zeroes are slashed off from the nominal value of the rate(i.e...1rial=.0000238us cents to become 1rial=.238us cents...Cheers bros
    4 points
  34. Haha....i'm sure some of them DO keep dinar in their homes. What i was trying to say is (re: above post)~ if Iraq were to RV, not all of those 77% will be RVed because I believe large part of the 77% Iraqi currency are in dollars.
    4 points
  35. @zul I just had a second thought. So where might the 77% of Iraqi money be, if not in people's houses? Also, I'm remembering that one of our members (I think Greg, but not sure) has a friend who has hundreds of thousands of dinar in his house in Kurdistan. Why would anybody in Iraq save worthless dinar in their houses, unless they too thought it would regain it's value one day? Oh, I'm so confused. I don't know what to think now. 😂 May something break our way soon!
    4 points
  36. she's really nice so I don't think there will be a problem even though my work brakes are very small. I will ask next time she calls her relatives to ask a few questions. I will treat for donuts. LOL
    4 points
  37. Really? Your Great Uncle? Gee, that's terrific! 😀 I sure hope you're right about replacing the large bills with smaller bills, but what would that do to all the "mattress money"? Would they just have the same amount of money, only with different bills? Hmmm. I have to think about this. Thanks, Keylime. 😊
    4 points
  38. I I told her I was hoping for a rate change, she said with her eyes widened, the rate was 3+ before. I forget her exact words but she looked happy. Other than that she looked really clueless about a future rate change. I will ask more questions and record them as she still has family in Iraq.
    4 points
  39. Thanks, jg1. Here's some questions: Would the Iraqis be happy if the dinar was reinstated at the pre-war rate, and they deleted the 3 zeros from the paper currency? What kind of a difference would it make in their lives? Are they expecting it to really happen, and when do they think it might be?
    4 points
  40. IMF warns that currency devaluations will not fix a country's economic problems
    4 points


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