Charles45

noting that the project will see the light before the year 2013. I see " noting that the project WILL see the light BEFORE the year 2013." I hope this helps!!

Mommyof 3,. this is likely fear driven and not at all based on any real info or news. We have Delarue to sort that out. Hope that helps to ease your mind.!!

I will agree that it seems many of the "forum guru's" are guessing at dates and rates even though many tend to post it as fact. However,. I too do my own research and I welcome the various inputs from these forums as they do provide alternative views (right or wrong), that can open a door we didn't see. I've been over here in Iraq since Apr 05,. (Contractor), and I've been invested just as long. I also have the priviledge of obtaining clarification on articles from Iraqi Nationals that work here and nearby. Warka bank manager,. Iraqi Federal police,. Translators,. ect,.. I too saw the LOP theory as a real possibility and was concerned about it. I would hate to wake up one day to learn how 5 years of my life was wasted in time and money over my lack of due diligence. There are what appears to be conflicting articles out about "redenomination",. It's funny really,. when I asked the warka bank manager about that word,. he was completely lost and did not understand the meaning of it. I had to ask my questions in different ways to ensure our complete understanding. If you ask a question of an Iraqi,. ask it in a different way and then see if you get the same answer. Often times,. you don't!! The dropping of 3 zero's articles have caused alot of confusion,. Iraq "plans" to drop 3 zero's from the value (value is at .00086,. and will value at .86),. concerning the dropping of zero's off the currency (25000 = 25), this has been denied. Although a couple of articles actually stated dropping 3 zero's off the currency,. it is NOT the case at all. The large notes will coexist with smaller denominations and be phased out. Shabibi has stated the initial monitary policy will be to use a "managed Float", which tells me they will begin the process at .86 and let the market decide from there. The best advice I can give to anyone is to hold on!! You don't have to take my word for it,. nor anyone elses word, but,. DON'T FOLD!! I too was beginning to believe a lop was possible as I studied the details. However,. I have gone out of my way to get the exact details in these articles and I'm now convinced there will be no LOP. I'm here at the IZ just down from the Embassy and the very Warka I speak of is the one near the Embassy. The Iraqi Federal Police is about 2 blocks away and a co-worker (who was born and raised here) are some of my "sources" that I depend on. No,. they don't have "inside info", but,. they speak the lingo and understand the news reports that come out in their language and they are not crippled by "translations"!! Keep your chin up and be patient!! I firmly believe .86 and a managed float.

LOP is a question I also had and it kept haunting me until recently. I'm not a dinar dealer and I work here in Iraq at the IZ!! I've spoken to Warka bank manager and the Iraqi Federal police. I also have an Iraqi co-worker who translates for me. The links have been posted many times, but, mistranslations and misinterpretations have created chaos. The three zero's was really a mess. Iraq is "saying" they will remove 3 zero's from the value (currently,. the value is .00086), and they "deny" raising 3 zero's from the currency(25,000). Those who report need to ask the same question in many ways in order to gain any accuracy, but, they don't!! Iraq plans to bring in the lower denom notes and they will phase out the larger notes over a period of time. Many here expect .86 value and are very excited about it. It appears they are going to come out at this value and allow it to float. They will use a "managed Float" as I understand from recent articles. This is the best information I have and it's based on news articles and the best "boots on the ground' interpretations I can get. I'm convinced this is accurate and I know it will be "after" the elections before it begins!! When exactly?? I don't know,. but, it really will be soon!! Hope that helps!!

Thanks for sharing Shannybelle27!! I have seen this article before,. but,. some have not!!

You are correct,. Old currency (the IQD we have now) would hold that value,. and the New currency (the lower denominations that would be released ) would hold a higher value,..$3.00. I'm just giving an example of how this "would" work,."IF" they chose to do this. For a better understanding of how LOP's are handled and how currency changes effect countries,. we can look at Afghanistan (a recent RV/LOP assisted by the US Gov't),. and many other countries!! Oh, and I realize the only comparison betwwen Iraq and Afghanistan is that possibility,..I mention it to offer an educated look into how the process works,..nothing more!!

Thanks for the post,..and I for one appreciate all of your effort. I would like to make a few points on this (if I may). Let's assume $1,000 USD = 1 million IQD for simplicity and look at this from a LOP/RV viewpoint. If I invest $1,000,. and 3 zero's are LOP'ed,. and Iraq increases to a value of $3,. Warka promises are still valid.. My $1,000 is now worth $3,000USD. I've lost nothing,..in fact, I do gain from this scenario. I just don't gain as much as I had hoped for. Vendors,. clients,..Iraqi citizens loose nothing,.. Just as Mexico LOP'ed their currency,. and so many other countries LOP'ed their currency,..the past reveals how its done and it's a smooth transition,..ie,..the cost of a coke is 1,000 IQD (old),. and .30 fils (new),..the old currency is then phased out. Iraqi's gain purchase power and Iraq's Trillions become Billions. Far more manageable. I'm not at all trying to destroy dreams,.. but,. I do see this as a possible solution for Iraq and after seeing a few articles from CBI advisors stating this very idea as one of their options,. I point this out and hope I'm wrong. Granted,. they might also RV at .10,..but,. would that be wise on their part?? I search for answers to this and I'm at a loss,..I can find an arguement for both RV and for RV/LOP. It truely is hard to guage this!! Thanks for the post!!

We can avoid this topic and allow our emotions to ignore any and all possibilities,. or, we can put all information on the table and look at it for what it really is,(be it RV or LOP or LOP/RV). My own personal concern comes from the 2008 artical that claims they will LOP 3 zero's and it would take 2 years,...Here we are 2 years later and the ERM is a hot topic,.. Makes one think!! I believe it is obvious to all of us that there has to be a new currency,..ie,..lower denominations. Therefore,. would they decide to LOP/RV in the process?? SOS gave an awsome arguement that explains how it is not possible to know the true value of the dinar because all of the indicators are not known. Under Chapter7 they are not able to import/export freely. Kent points out that the "current" aggragates reveals a serious situation that is not easily explained away. We can guess that each country would handle a cash in and then hold for future oil purchases,. That sounds plausible to me, but,. I'm haunted by that 2008 article that has an advisor for the CBI stating that they will drop 3 zero's from the currency and it taking 2 years.?? IF it is all planned out as some suggest,. could part of that plan include limiting speculation on the currency by using a LOP?? I wish I knew,...I just think we should avoid getting angry when we run out of answers and face it in a mature/responsible manor and hopefully gain more insight. (JMHO).

I'm not sure where this info came from,. but,. I am in Iraq and I can assure you that "ALL" IQD is the same here as it is elsewhere....UK,. Kuwait,. America and Iraq. I'm not trying to be mean,. just letting you know.

Yes sir,. I'm in country,..most of our terps (interpreters), do in fact use cash. Our IFP (Iraq Fed Police), get paid in cash and others have a card (it says visa on it,..so,??),.maybe the smart card. Or,. ATM card and they do go to banks and collect cash from them. Hope that helps!!

Smithgroup,.... Well said!! I remember when I first bought mine (at around $450/mil), and VERY few people had heard of "dinar". I took part in Desert Storm /Desert Shield,. and missed out on the KD, so, I was fully convinced that the IQD was a good deal long before these forums came along. Now, the more involved the world gets,. the less confident I become. Respectfully sir,. I can sell my dinar in London,. Kuwait and here in Iraq for a small profit. But, you do have a point and with the amount of dinar curculating,. It makes me wonder. I will play devils advicate and offer bits of my thoughts,...A number of reports claim Iraq has "proven oil reserves of 115Bn barrels of oil,. They further claim that years ago, oil Co.'s assessed the amount of oil at 350Bn barrels and that would place Iraq above Saudi. "IF" that is true,. and if I use $100 per barrel of oil (Futures??),. Iraq then becomes worth more than $35Tn,. That does not include Natural Gas,. Agriculture,. or the Private sector (ie,,. Tourism,.sulfer,tiles) Personally,. it confuses me,..Can they RV?? I once said,"YES"!! I still believe there is a hint of hope,. but,. the doubts have begun to take a toll on me. SOS explained how its not possible to assess yet,. as all the indicators are not in place. I have to agree with that. Its just very mind boggling!!

Thanks for explaining, but, there was no need,..I should've worded my initial post better than I did. I saw after reading it again,. how it sounded and I wanted you to know that I DO have SOME grasp on this LOP concept,. but,. VERY limited,.LOL!!! I believe I follow what you're teaching us in your #49 post and I thought it was very enlightening as well as encouraging,. but,. I'm still a little lost. I'm not sure of your background,. but,. mine is NOT economics and NOT politics,. I'm a contractor here in Iraq and I've been invested for almost 5 years now,. I came over here in Apr 05 and still struggle (mentally) with this. What I first thought would be a simple investment (I was in Desert Storm/Desert Shield and missed out on the KD), turned into a frustrating up and down rollercoaster ride!! Back when I first came over here, I bought the currency and it was NOT a widely understood investment. Now,. forums,. blogs,. even CNBC,.??? Now, I have to research everything from economies to political agenda's. I'm an expert in my field,. but,. these two subjects have NOTHING to do with my field,.....and,. therefore,. it's people like you who help people like me understand this investment,...and I thank you sir..!!

Ok,..Here is the rest of the confusion; ERM,.. as I understand this,. there can only be a 2.25% fluctuation in the currency after its put in place,. therefore,. I can only assume Iraq has a one time shot at this!! What they choose to do will be written in stone (correct??), So,......."IF" they RV at 3-1,...they can only fluctuate by 2.25% (ERM), and the statement said dropping 3 zero's was "ONE" decision they were considering,.. I can understand how they could drop 3 zero's,.. raise the value to 3+ and hold within the 2.25% rate,...BUT,....I have a hard time understanding how they could RV at 3+ "without" dropping zero's first,....???? If they do not LOP,... and they RV'd at 3+,.. I see instant debt as a result,........and not just debt,...serious debt. Artistsandwriters and I agree (I think),.that outside "powers that be", are involved,. and,.I can see oil being a big player as would be natural gas!! Years ago,. the big oil companies did do a survey,. but, 3 stages had to happen before "proven" status,..115Bn Barrels "Proven", but, 350Bn claimed,.."if" 350,. then at $100/ barrel, I can see 35Tn dollars!! I also believe oil prices will exceed $100 per barrel in the future,. and I can add natural gas, agriculture, private sector as well and see great potential,. but,. I can't understand how it "could" RV at 3+ in the VERY near future,..I would think it would take time to GROW,..???? S.O.S.,...you make a good arguement in post #49 and I did enjoy the logic,..can you fill in the gaps here?? Thanks!!! Oh,. anyone can join in and add answers,...,I'm all ears!! Thanks!!

Ooops!!! I forgot this one,...I wanted to say,. I hope your friend is right!!

SOS,. you're post #49 really helped me and I do appreciate your sharing that,.. I replied to this post (above) to clear up mis-understandings that seem to be caused by the way I wrote the beginning of this thread,.. I realize a lop can be 1,..2,...or 3 zero's,..The artical quotes a CBI advisor as stating "3 zero's". This is where I get three zero's from,....also,..I felt a little insulted by the math class,..then I realized it may have been the way I worded it,...allow me to clear that up,..LOP,....AND,..increase the value to $1.49.....drop 3 zero's and THEN,...increase from a 1-1 position to a 1.49-1,... Sorry for any confusion and again,..thanks for post #49,.....VERY helpful.!!!! I still wonder why a CBI advisor would put this information out,...???

If memory serves me right, there has been 3 printings of dinar over the years,. I believe it totaled 21Tn IQD. I'm partially guessing when I make the assumption that lower denominations will be needed for everyday transactions,. Hence, different currency. I get confused from this. Would they drop zero's and induce the lower denominations concurrently, or, would they just add the lower denominations as the value increased?? I do agree,. Iraq is very unique and trying to understand the path of least resistance is mind-boggling. Thanks for the help!! I agree with all you have said/quoted, but in the context that it was written and do not agree with the idea that LOP is not related to runaway inflation. I am not aware of any currency LOPs that have not been used in that situation. Redenomination is a term applicable to RI, RV, LOP, etc . . . When I said that economies are not linear, I am referring to the fact that changing the monetary policy does not remedy the economic propensities. It is also why I have posted many times over on here that I do not believe that an RV will be the trigger for the restoration of Iraq's economy but rather an RV (either as a singular event or progressive natural increase in value over time) will be the result of a restored Iraqi economy. Redenominations (RV's et all) have to be based on macroeconomic principles and indicators. As long as Iraq's economy is encumbered by sanctions from Chapter VII, they cannot establish true indicators needed to determine the fair value of their economy and thus their currency. There must be a free functioning economy which is enjoying sustained growth in Foreign Exchange, growth in their Gross Domestic Product, low & stable inflation, stability in their currency, foreign capital investment to help established infrastructure to handle the trade, on and on. Many interrelated events, not just the change of the currency by way of any means of redenomination is any solution. Just as the IMF is responsible for monitoring and advising the correct valuations of each country's currency, they are responsible for assisting in the establishment of the accurate valuation of an emerging currency such as Iraq's. They have to study the aforementioned indicators for Iraq's economy (once unencumbered), which will zero in on the correct valuation and its trend. Absent those indicators, I fail to see how any prevailing authority could make an accurate valuation. Which, if inaccurate, could have devastating effect on all the same areas of the countries economy, GDP, FX, Currency valuation, Capital investment, etc. I must say,. I am impressed by this instructive draft and very plausible possibility!! It gives me new hope again and I do thank you!! This thread has been very helpful and I'm greatful to all who dared to challenge this topic. Now that you gave an A+ outline,. can you take it one step further and explain,. how would/ could the currency be handled?? Thanks everyone!!

I thought I would add something here for those who get discouraged; When I read posts like shannybelle27's #12, I am encouraged. This person sounds like she is going through tough times. I'm a contractor and there are times I hate my job,...feel like giving up and I tend to see this RV as a "retirement option". I see myself getting tense at times and realize its because I'm allowing "WANT" into my life. An attitude that I deserve more. Then I see a post that brings me back to reality.... #12. I'm reminded of the many who are out of work and who are struggling. I'm reminded of Haiti and the sufferring there,....I'm reminded of all that I already have!! Therefore, be encouraged,..there are those who don't eat everyday,..those who don't have homes, ect!! We are blessed. Shannybelle27,.....thank you for sharing.

Why would God help a muslim Nation?? Hhmmm,. I've asked a similar question about myself on many days..........Why would God help me when I was not even looking to him?? Why does he help me today?? Even more strange,. He forgave my sins 2000 years before I even got here....He forgave "ALL" of them,..even the ones I'm guilty of tomorrow!! Therefore,. I thank God that He is God and that he is the way he is,......cause he didn't forget about me....Pray for "all" people,. even the muslims,...even people like me,...even people like you,...

Adam and all Admins and Mods, I've purchased the book and I've sent a personal donation. I've recieved an email reciept and noticed my home address and info on it. Please,. please ensure that I am not placed on any list, and please ensure my information is given the highest attention to security. Please!! Thank you!!

Thanks,..very informative.?? Muhammad; I do thank you for the effort you put into this and although North Korea Lopped, I do see additional provoking from their Government to cause these major issues!! I tend to agree with "milehigh". The artical that was posted about Iraq, claims the lop would be financially nuetral. I don't see how vendors would loose money, nor do I see how anyone would be cheated out of anything. A currency change (smaller notes), is a given, so, change the "old" large notes for the "new" smaller notes at a 1000-1 exchange, making our initial investment the very value it had all along. If they dropped 3 zero's and raised the exchange rate to a value of $3.40, our 1 million dinar would be valued at $3,400.00. How does this scenario create chaos and destruction? Does this NOT make sense??

LOP or RV,?? Help!! I know I

Is this just your opinion and hope, or, is there more to it?? What makes us so confident that they won't LOP 3 zero's?? (just a question that begs solid answers). Although I do hope you're right, there does seem to be something to this. Obviously, Iraq needs smaller denom's to make everyday purchases when the exchange rate changes, so, are we sure they would not make new notes and drop three zero's from the value?? If so,. what makes us so sure?? 20Tn in circulation?? Turn it into 20Bn?? Sounds like they've been thinking about it since 2008.??

I Found this informative and posted it. It may help!! http://www.allacademic.com/meta/p_mla_apa_research_citation/0/7/1/2/9/p71297_index.html

dont promote other sites explained it very well in chat and it was posted for everyone who wasn't in the chat room. He explained it better than I could,. but, in a nutshell,. the suurounding countries need to be on board first in order to avoid heavy exchange rate fluctuations. (I think I said that correctly??) Its better to read his chat,. very well put!!