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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) always prefer dollars for many biz transactions and savings. I would too if I were living in Iraq Why they love USD? Because ~ "We trust the dollar more. The dollar does not go up and down, it is fixed," Even now, many still take whatever opportunities they have to change their dinars into hard currency. At one time, some bank officials, were reportedly, making big money by buying dollars at the bank’s auction at a rate of 1,190 dinars for the dollar and then sell those dollars on the market for 1,250 dinars. All these money quickly becomes 'chunky money' (part of the 77%), meaning they are traded only in the market outside the banking system. So....there u go, my reason on why I don't think most of the 77% chunky money are dinars. Even in the news....they did not mentioned those 77% are dinars, per se, only Iraqi currency. Just my opinion, of course.......
    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 currency.
    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 Strategic Piece Of Real Estate Iraqi IS a CENTRAL Focal Point of Ye Olde, er, NEW Silk Road + RECEIVING Pass Through Customs Duties Whirled Economies NEED THEE Bicraqi Iraqi ELI The ICE Man to "induce" Whirled Markets!!! CURRENTLY "off" SWIFT BUT has THEE 'path" to be ON SWIFT!!! Relax, MAN, NO "body" knows when OR how much BUT KNOWS THIS BABY IS THEE HOTTEST THING GOING!!! Go Moola Nova!
    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 approved by the government earlier in the month. It must be endorsed by the Majlis to become law. Accordingly, the minor monetary unit of the new currency will be dubbed ‘parseh
    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 business and what a place to create that environment now that this has "been done"...(post 1 of 2)... 8-21-2019 Newshound Guru MilitiaMan Now that they have done this, add in they told the citizens what they are going to do by showing them publicly about the NSCNs and coins to come from the CBI. The CBI told the GOI to release those articles for a purpose. That is to stimulate them imo to keep opening accounts as the NSCNs are coming. So...look for the BANKS to start talking to the citizens more and more...They let the cat out of the bag!!! imo...This article is more evidence of it..! imo ...([post 2 of 2)... 8-21-2019 Newshound Guru Kaperoni A couple of very nice articles...came out talking about raising the value of the dinar against other currencies and introducing coins into the market. ...but no where does it say this would occur overnight. [When will this happen] ...if all things go as planned they're planning launch the market economy the first of next year by adding 72 trillion dinars to the 2020 budget. But this is Iraq. 8-21-2019 Newshound Guru future "Finance Committee: Reinstating the civil currency and deleting zeros" Quote: "The Finance Committee in the House of Representatives, on the trend to reintroduce the coin...stressing the importance of pre-empting the coinage process step by "deleting zeros" from the current currencies to be valuable for small cash groups" lots of talk about coins (fils)...small cash groups = lower denoms... seems these coins are gonna play a major role in the market place...vendors etc. ...need new value...i am still looking for an an increase before october 1... 8-21-2019 Newshound/Intel Guru Mnt Goat ...the flood gates have opened and the news is pouring in. ...The parliamentary finance committee has decided that the CBI needs to move to the next step of the “project to delete the zeros” and put the Iraqi dinar on a “level playing field” with the rest of the middle east currencies. Yesterday they came out with the announcement to re-mint the Iraq coins once again. They are saying they now need to put together legislation in which to give the CBI permission to do so... 8-21-2019 Newshound Guru G-Lin Article: "What's the use of coins at the moment" Quote: "The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy." I think this is the first time I've seen the word reinstate. I like it. re·in·state (rē′ĭn-stāt′) 1. To bring back into use or existence. 2. To restore to a previous condition or position. 8-21-2019 Newshound/Intel Guru Dinar Investor - Jeff ...They're at the point where they'd be finished setting the stage for the citizens...Notice how they start releasing brand new articles talking about the deletion of the zeros (meaning change the rate)...They're doing that to educate the citizens...I gave you my personal target date of 9-21 or 9-22. Notice how Iraq just put all these articles out roughly thirty days before my target. This level of education can only be done at the very end when they're about to do this. That way it's fresh in the minds of the citizens...this is huge information what we are seeing on the deletion of the zeros and how it's used as a tool to control inflation and when the rate does change how they're going to be releasing the lower denoms along with coins. That's an education step for the citizens but my point is it can only be done at the very end... *******
    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 Description Bloviation is a style of empty, pompous political speech popularized by United States President Warren G. Harding, who, himself a master of the technique, described it as "the art of speaking for as long as the occasion warrants, and saying nothing". The verb "to bloviate" is the act of creating bloviation.Wikipedia Go Moola Nova!
    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 America TO INCLUDE The Ratified Bill Of Rights. The Elitist / Socialist / Liberal / Leftist / Progressive / Nazist / Fascist / Race Baiter has a rabid Dr. Spock mentality, disposition, AND modus orperandi so as to vociferously attack ANY vestige of decency impeding THEIR vulgar expressions as witnessed by ALL with regard to The True The United States Of America Patriot President Donald J Trump. So I stand with The True The United States Of America Patriot President Donald J Trump as he fully exercises AND applies the RELEVANT Articles Of The Constitution Of The United States Of America TO INCLUDE The Ratified Bill Of Rights. ALL True The United States Of America Patriots DO the SAME. There is a HUGE difference between being a CITIZEN AND a SUBJECT of The United States Of America. I am a CITIZEN of The United States Of America JUST LIKE The True The United States Of America Patriot President Donald J Trump WHO HAS THE SAME CITIZEN RIGHTS AS I DO. The Elitist / Socialist / Liberal / Leftist / Progressive / Nazist / Fascist / Race Baiter rabid Dr. Spock "adherents" seek to STRIP The True The United States Of America Patriot President Donald J Trump of HIS CITIZENSHIP AND SUBJECT HIM to THEIR INHUMANE "slave" "beatings". True The United States Of America Patriots DO NOT STOOP to INHUMANE "slave" "beatings" IN WHATEVER FORM AND INTERDICT WHEN OTHERS ARE BEING TARGETED NO MATTER WHO THEY ARE!!! If the LEAST among us falls while standing for what is right with THEIR six unguarded, then, at some point, the GREATEST among us WILL fall with THEIR six unguarded since there is NO ONE left to guard THEIR six AND there is NO ONE AND NOTHING left to stand FOR. - Synopsis The Elitist / Socialist / Liberal / Leftist / Progressive / Nazist / Fascist / Race Baiter rabid Dr. Spock "adherents" TACTIC ATTACK is to "single" "out" AND berate AND accost True The United States Of America Patriots to obscurity AND silence. EXCEPT True The United States Of America Patriots STAND THEIR GROUND AND COME TO THE AID OF OTHER True The United States Of America Patriots NO MATTER WHO THEY ARE. T Throw A A C Conniption T To I Induce C Confusion A Attempting T To T Totally A Altercate C Constitutional K Knowledge Go E Pluribus Unum FOREVER!!! Go MAGA FOREVER!!! Go True The United States Of America Patriot President Donald J Trump THROUGH 2024!!! Go True The United States Of America Patriots FOREVER!!! (A Special Thank You To ALL The Red Rubymeisters For ALL The Red Ruby Citations As Badges Of Honor For ME For "Display Of Intellectual Speed And Power" Who THINK (misnomer, of course) The True The United States Of America Patriot President Donald J Trump IS A POS!!!)!!! Go Red Rubymeisters (ELSEWHERE!!!)!!! Go Moola Nova!
    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 reform bill to the parliament, which was approved by the central bank at a meeting of the cabinet on August 6, at the recommendation of the central bank. According to the bill, the Iranian currency is changed to USD and each USD is equal to 4 rials current and is equal to one hundred rupees. The Central Bank of the Islamic Republic of Iran shall calculate and determine the equity of the foreign currency to the Tuman and the foreign exchange rate in the framework of the prevailing foreign exchange system and with due regard to the country's foreign exchange reserves and obligations to the International Monetary Fund. The period of parallel circulation and the simultaneous validity of "Toman" and "Rial" referred to in this Law as the "Transferor" shall be a maximum of two years. The procedure for collecting and withdrawing banknotes and coins shall be determined or enforced in accordance with the country's monetary and banking law, as the case may be. Upon expiry of the period, obligations previously established in Rials currency can only be fulfilled in USD.
    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 that helps my Florida brother.
    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. 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
  33. 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
  34. US jobless claims fall to a 4-week low 22 August 2019 03:49 PM Mubasher: US jobless claims fell to a one-month low last week, well below expectations. The US Labor Department said Thursday that new jobless claims fell to 209,000 in the week ending August 17, a drop of about 12,000 from the previous week's levels after the revision. Analysts had expected jobless claims to fall to 217,000 last week. As for the weekly average over the past four weeks, the number of jobless claims rose by 500 to 214,500 from the previous week's levels after an upward revision. Continued jobless claims in the world's largest economy were recorded at 1.674 million in the week ending August 10, down 54,000 from the previous week. Continued US jobless claims are near the lowest level in nearly 40 years. By 12:37 pm GMT, the US dollar was steady against the euro at $ 1.1080.
    4 points
  35. ( IQD Rates - #2 Updated: 8/22/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 8-22-2019) 1202.487 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES - Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018)
    4 points
  36. Wtf - Rouhani Is Dressed Like Rupee Goldberg ! I Wonder If Yo Mahdi Is Behind This ...
    4 points
  37. 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
  38. 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
  39. 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
  40. IMF warns that currency devaluations will not fix a country's economic problems
    4 points
  41. Don’t worry, the way I see it if the Dinar RIs at say $3+, that will definitely make your dong and my dong rise..
    4 points


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