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keepmwlknfny
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Everything posted by keepmwlknfny
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Its just stating that IF they implement this plan to remove the three zeros it will take time because it is no easy task to complete.....but from what Ali and what Warka has stated there has been no talks to them of doing this.....so until there is actual contact from CBI to Ali and to Warka about this decision, its not valid and its simply just an idea on the books....nothing more.....
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The possibility of IF it could happen is always there....nothing is 100% in this investment....other countries have pulled the same thing in the past so its not completely unimaginable in this situation either.....if it happened it would possibly mean that only people inside the country, and people that have a bank account associated with Iraq or in Iraq would be able to exchange the Dinar for either other dinar, or to other currencies......it would be easy for them to just cut off anyone outside the country that has dinar.....Russia did that when they revalued and redenominated and the same thing happened with Kuwait....they changed the currency a couple of times, and then revalued but you had to of had an account in Kuwait or an account with the United Emerates/Arabs to exchange the kuwaiti dinar.....so to answer your question could it happen? yes....will it happen? no one knows for sure.....best thing you can do is diversify your funds....aka keep some in physical cash and maybe see about opening an account with warka or other Iraqi bank just to be safe......better to have covered all the ends then to come up empty when this party kicks off!!
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JULY 26TH/ BORROWING$ FOR TIME
keepmwlknfny replied to mariejose's topic in Iraq & Dinar Related News
You never know....wouldnt be out of the realm of possibility for them especially since they just recieved another 400 million dollar installment of a 3.8 billion dollar loan from the US.....Iraq has plenty of ways to pay for contracts and other things of that nature.....so we will just have to wait and see what happens.... -
That the bank is back open now for buisness and their reboot of the system is probly done now....can you post the numbers?
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* Question for Enorrste – Frank’s reasoning on rate
keepmwlknfny replied to mythunter's topic in Chat Logs
Yes i could def live with his numbers!! And as in most cases the numbers dont lie soooo please please please let that be the case here!! His numbers + keepmwlknfny = happiest man on earth when this thing pops off!!! -
Awww your making me blush!! hahaha thanks for the compliments...... just tryin to help!!
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Iraqia Leader discuss progresses, deadlines
keepmwlknfny replied to aussiebattler's topic in Iraq & Dinar Related News
Very good article aussiebattler!! This shows that they must get a move on now that they realized they must get this done by the 10th of July, which is most likely why they moved up the meeting that was first mentioned to be on the 17th.....Sooooo if they get the President and Speaker of the House determined at this meeting, then the President could give one of the blocs the right to form the rest of the govt....there is a 30 day deadline on that process but HOPEFULLY they wont take that long....they have all had plenty of time to talk about things and what direction they want to head....soooo lets keep our fingers crossed that they all know what they wanna do and who they want to nominate for PM by the time they have this meeting....it sure would move things along much quicker and we could see our precious RV/RI sooner then what was previously thought.....MAYBE we could see it before the entire govt is seated seeing that the world bank and IMF have had this planned out for years taking into account the uncertainty of the position of the govt at this time....so after the 10th of July if that meeting goes as planned be ready!! -
scooter, Yes I was trying to clear up a bunch of things that I know a lot of people had questions about and i knew people would be more willing to listen to you then to listen to me ramble because of the fact that I am known for keeping a realistic approach on things here and alot of people here dont like that for some reason. Yea it would have been nice to have a little bit more time but thats ok...I know you have a lot of stuff going on but we all do appreciate you stopping by and answering what questions you could. Covering your back? lol I guess your welcome lol what did I do?? Let me know next time your around.....and hey if you want maybe we could go meet up at the bar sometime....Im only like 10 or 15 mins away from you....good talkin to ya....Later!
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you still listen to terryk?? have you not learned your lesson yet?
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I have faith in Sonny's prediction but its all going to depend on what happens in the next couple of weeks.....they have moved up the next official parliment meeting to the 10th of July in which hopefully they can pull together and at least get the speaker of the house and the president chosen....I think this meeting and if they are keeping the one for the 17th, are going to be huge in terms of how soon we see this baby pop....I dont think its all dependent on sonny's info of some contracts being paid just because of the fact that Iraq just received 400 million dollars from the US as part of a 3.8 billion dollar loan that they will be getting installments of throughout this year and I believe into next, so that alone tells me that they could easily pay buisness contracts if need be with this money without having to RV/RI......If they can get the president chosen next week and then have the winning bloc start to form the govt including getting candidates chosen for PM then MAYBE we could see something by the end of July or mid August....but with their track record at this point I really dont see them getting everything together so quick which is why I have been believing it will be later this summer like end of august or even into september.....guess all eyes will be on this next meeting on the 10th.....LETS KEEP OUR FINGERS CROSSED!!! Id like this to happen before I start training again I want to take a quick vacay ya dig?!?!
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Positions revealed with no official parliment meeting until the 10th?/ sorry but very unlikely my friend.....wait till the 10th and maybe we shall see some progress in that meeting.....Allawi's bloc should pretty much have their nominee and the back ups in case they wont agree on Allawi for candidate but I dont think the National Alliance has theirs even figured out yet....
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Central Bank plans to raise zeros from the Iraqi currency
keepmwlknfny replied to sunshinelvr's topic in LOPster tank
This isent a LOP for us.....in order for them to remove the zeros from circulation they will need the smaller bills to be put out into the hands of the citizens....for them to remove the zeros and do this, the value of the dinar will have to go up otherwise they would be making transactions harder to complete because people would have to carry around more bills to buy the same goods....when this happens i for one will not be trading my larger bills for the smaller bills....im trading my larger bills for US DOLLARS!!!! if we were citizens or iraq it would be different....but when they are saying the purchasing power of a new 25 dinar note will be the same as a 25k note, they are speaking of exactly that...PURCHASING POWER....not that a 25k note will be equal to 25 dinar all of a sudden....you cant do that....when you print a currency you have to honor what you printed no matter what....you have to remember they speak differently and use different words to describe things then we would....so what sounds bad to you is actually a good thing to happen for all of us....when we see the smaller denoms out and they give us a window for exchanging the larger notes, thats when we trade in for US dollars.....not dinar for more dinar....cause your not going to be trading your 25k notes, for new 25 notes and the value still be 1170 dinar equals 1 US dollar...then you would have to carry a ton more physical bills in your hands to do simple things like grocery shopping and thats what they are tryin to get away from because everyone now has to pay in bags full of dinar...... -
Actually it wouldnt be way out there....they are still getting 3.8 billion dollars from the US in installments over this year and into next year....should be plenty to get started on all those projects....
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Iraq dinar not a trade able currency.
keepmwlknfny replied to four wheel drift's topic in Tax Discussion
Its not being traded on Forex.....and its not internationally tradeable because not all countries accept the Dinar as currency....it is becoming more and more used and traded but not everywhere yet....needs to have some value behind it as well.... -
Why are you following the chats then? Thats your problem and why you keep getting filled with BS.....just read whats goin on over there....they dont hide the info on forming the govt....the reason you arent hearing this stuff about them being in place is because its not true.....believe me if they had all the positions chosen already they wouldnt be holding out on everyone.....they need to get control of their country pronto!! and the sooner they have the govt in place the sooner they can vote on economical situations dealing with investors in the private sector which is what they have been talking about needing for a long time!!
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Yes, the countries awake during that time will know first i would guess....and yea they wouldnt be rushing the banks necessarily....some would but if you think about it, the vendors in marketplace and in places of buisness should have the lower denoms and can just give out the cash for change....i dont think it would be a mad rush to the bank...it would take time for everyone to get the smaller denoms in hand but who knows?? could turn out something like russia where they gave the people in the country a certain amount of time to exchange their bills or they were SOL.....yes it would be nice to see a rate like that but unless they RI, that will be YEARS down the road....and to be fair saudi arabia puts out the most oil and they are only at 26 cents so there is no promise of seeing rates as high as kuwait....but in order for us to wake up rich they would have to RI their currency....
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Iraq dinar not a trade able currency.
keepmwlknfny replied to four wheel drift's topic in Tax Discussion
Well it doesnt matter what it was before...it matters what it is at the time you exchange and make your profit....anything over 10 grand you will be reported to IRS....once it RV's it should be recognized as a internationally tradeable currency which does fall under tax codes for currency exchange.... -
NIce rumor unfortunately they would have to of done this at an official parliment meeting and there wont be one until the 10th.....they would all have to be sworn in.....not to mention the first one we will hear about is the president.....then he gives the winning bloc the right to form the govt which would take longer......this one def filed in the right area......rumor
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...pretty much.....
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Names emerging for Iraq's prime minister?
keepmwlknfny replied to nathan1606's topic in Iraq & Dinar Related News
lol we are in the same boat....my girl thinks the same exact thing!! lol she just huffs and puffs whenever she sees me checkin the forums....at least we arent out at the strip club! they should be happy its something innocent at this!!! -
Exactly....they still have plenty of money coming to them to pay buisness contracts and whatever else they deem necessary....they are far from being broke and they dont absolutely 100% need to RV ASAP....they have a couple of billion dollars coming to them over installments this year and leading still into next as well....so we sit and wait for the govt to pull together and see what comes of that....
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Not I.....sorry bud....the articles that have been posted on here would have told you it wouldnt happen on the first.....and if you think that they will RV without a govt in place (even though it might not be completely necessary) then you are way off base....
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Yes they did....by .05%.....and even after the summit meetings they are sticking to their plans and arent going to raise the value anymore anytime soon....this is typically how a revalue works....slow and gradual....all they did was let the rate be a little more flexible....thats why all the talk of vietnam having to RV right after china is hogwash....doesnt make much of a diff at all...
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Warka Bank (what's happening!)
keepmwlknfny replied to SexyDinar's topic in Iraq & Dinar Related News
They are resetting the banking systems, thats all....July 1st is the start of their fiscal year.....you can look up scooters post because he also goes into detail about this event.....nothing out of the ordinary -
How Seriously Should News Articles be Taken
keepmwlknfny replied to Maynard57's topic in Dinar Rumors
News articles referencing changes in currency and decisions about revaluing or removing zeros, those are ones that yea i wouldnt believe a whole lot into because they are not going to lay out everything straight regarding those kinds of transactions....but to think that all the news articles about forming the govt and the progress is ALL hogwash is kind of silly.....a lot of you believe that everything is already done and they have the PM selected already, president in place and so on regardless of what the news is saying right?? ok well IF thats true dont you think they would have everyone seated and would come out with it already with all the violence taking place?? Thats their number one concern is controlling the people right now with all the attacks lately and they need to get a control on all the bloodshed.....and the majority of all this violence is happening because there is no one in power and there is what they call a political "vacuum" of sorts....so do you really think that the PM is selected, president, speaker of house and the whole nine and they are just sitting back and watching people kill themselves because the citizens still think no one is in power? They arent pulling your leg about this govt formation.....they arent close right now to solving this issue and IT WILL TAKE ANOTHER MONTH AT LEAST before they figure things out......and guess what? they are telling us this through the news....they have no reason to lie or hide it from the world...its the truth....there are too many differences for this to be a cut dry decision....they dont even have the President chosen which is the one by constitution that gives the winning bloc the right to form the govt......not everything in the news in BS....anything about the currency and changes coming or being made i wouldnt feel so sure about and they are probly throwing a little monkey poo in the mix cause they arent going to lay that out for everyone