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keepmwlknfny
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Posts posted by keepmwlknfny
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Dreamstealer, What makes you think that the 50's are the smallest denoms. I've read somewhere there was maybe 14 denoms printed. They will have to have the smaller denoms in place before they can conduct business. If it RV's 1 dollar = 1 dinar and the lowest denom they have is a 50, you go buy a loaf a bread and a six-pack wouldn't you want your change. I don't know for sure but the ones on EBAY that I went to, that went down from 20's down to 1/4 dinar look real to me. Adam's CBI contact talked about the smaller denoms that were in the bank and he thought they were going to be distribuited to the shops and merchants
None of the smaller denoms are of legal tender right now....some of the coins that you are seeing are older issued back in 2004 and then retracted because they were worthless in the marketplace....only thing they are good for now is a collectors items....the only bills that are official Iraq tender right now are listed on the CBI website....any other smaller bills then the 50 are older notes, they do not have any legal tender less then the 50 dinar note and their are no legal tender coins out at this time....once we see them released from CBI we will be one step closer or will already have seen our precious little RV.....
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There was another post that has been deleted now, and it was a direct shot at Sonny1. I think Sonny1 was justified and I'm glad to see the other post and hopefully the poster gone.
another post under this? well if there was then im sorry.....didnt see anything else thats why i said that....just his response.....
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Very interested in the Vietnamese Dong. Does it have the opportunity to be lucrative as the Iraqi Dinar? What needs to happen? Just looking for a bit of insight... please help?
The whole asian economy needs to step up starting with China....i think with the pressure we are putting on china they will RV soon and that would somewhat force other asian countries to come up as well because they cost of imports would go way up....vietnam is looking good lately regardless of what they are saying they are going to do with the currency...they have posted very high growth numbers which by the bottm line means great and positive things ahead for their economy....its cant go anywhere but up! probly wouldnt be a bad idea to get some and just put it aside for a rainy day.....just my opinion.....
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alrighty then!! lets get down to buisness people!! sheesh....we need results here....quit draggin your arses!!
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They have been legal at some point in time. I have a bag of the 50 dinar coins which has been circulated. I bought them from a service man that had spent some time over there.
Yes, keywords you used were "at some point in time"......not currently though....thats why if you check CBI website all coins are labeled as uncirculated, because they arent official legal tender anymore....they were for short period of time in 2004, then retracted.....
sidewinder....you from north carolina?? just curious.....GO PANTHERS!!! ya dig?!?!
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The best thing for Iraq to do is show that they are stable....period....showing stability is the most important thing to think of when investors are involved...not so much of the value of their currency....just take for example Vietnam....they posted the highest growth percentage and their currency is worth less then the dinar....but seeing as how their economy is more stable then iraq, people are investing heavily in building up the country....not so the case yet with iraq....they are sitting up like a house of cards...flimsy at best....when they can show stability companies would be more apt to invest and dump money into their economy even if their currency isent at par with the US dollar....i think right now showing stability is the most important thing they can do....once they stop all the bickering within the govt and finally get things situated we should see things turn around for the better....people are aware of the possibilites of iraqs economy, but you cant count on that when they cant even take care of themselves......just my humble opinion....thought id share my thoughts with the dinar world lol....
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so if they reintroduce coins, there will probably be articles regarding this when it happens
yes and they would be putting out the smaller denom bills at the same time....we just have to be patient....only time will tell!!! but we will def know when this happens...it will be all over the place! GO RV!!!
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I'm confused, there is a 50 Dinar note and a 25 and 100 dinar coin that says ( not in circulation ) on the CBI site. Where is a 50 dinar coin?
50 Dinar note250 Dinar note500 Dinar note
1000 Dinar note5000 Dinar note10000 Dinar note
25000 Dinar note25 Dinar coin100 Dinar coin (not in circulation) (not in circulation)Its because they are not of legal tender!!! They are not being used because they serve no purpose! what they are getting are previous older releases of those coins which were givin out a short period of time in 2004 then stopped because they realized they were worthless and are still to this day!
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None of these coins are of legal tender right now.....until the CBI releases them out again it makes no difference that your able to get them....the CBI let them out in 2004 and then retracted them all realizing they are useless to have out especially in the market place because they have no purchasing power....when we see the release of these along with the other smaller denomination coins and bills from the CBI then we will be much closer to what we all have been waiting for but as of now they are not part of the Iraqi currency....
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im keepin all fingers and toes crossed!!!
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thats exactly how it looks to me....or at least one way to get a ton of their currency out of circulation because they know a huge amount of it held by us small investors will be exchanged right back in WHEN they revalue....making it easier to "destroy" the larger bills if thats what they plan on doing with them...but either way it would be getting them out of circulation which is what they are trying to accomplish with the introduction of the smaller denominations....if they devalue the worth of the 000 bills then what is going to push people to exchange them or turn them in?? NOTHING....at least to me i wouldnt give a ****...haha they would be worthless anywayz so whats the point in going through the hassle of exchanging them?
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good post...never really realized that....if thats the case then it would make even more sense for them to RV and NOT to LOP....it would just mean more money they have to fork over to pay debts off....and yea its in their best interest and our countries best interest to revalue their currency...more money in their pockets....more money in our pockets....more money put back into our economy....stimulating it better then mr Obamas plan haha...who knows how many new buisnesses could pop up with individuals making bank on this revalue....more new small buisness = less unemployed ya dig??!
Sonny1 Chat 6/1/10
in Chat Logs
Posted
ok well then by all means stand up for yourself....regarless of what was said everyone has their right to their own opinion and thoughts and no one should be attacked for them period.....there is a difference between being rude and kindly disagreeing with someone.....