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sgtsanders

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Posts posted by sgtsanders

  16. Thursday Evening Opinions @ 7:10 PM CDT - 6/18/2020

    in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar

    Posted

    24 minutes ago, bkeiller said:

    Out with the Old in with the New:

     

    After waaay too many years with dinars gathering dust and friends thinking I am crazy, here are my two cents, which is just a creative flight of fancy.

    1. The 'New' smaller denomination Dinar will launch at 1:1 with the US dollar.
    2.  The currency will be pegged to a basket of currencies and the rate managed only when intervention is needed.
    3. There will be a buy back rate for the 'old notes.'
      1. That rate is likely going to be lower than we all hoped for in the US.
    4. For example, A million dinar of old notes will exchange for around $10,000 USD
      1. [If you have been holding for 15 years, still not a bad investment on a $1000.]
    5. No idea about the spread, but there will be one.
    6. Now this is where I get creative: There will be an 'Swap option/exchange option' for old currency to the new currency, that will be more favorable--maybe by 10-15%, or more. So, instead of taking that $10,000 USD cash, you will exchange for $11,000-$12,000 worth of the new Iraqi notes.  THAT, right there will represent one indicator, or stream, of international investment in Iraq.
    7. How much currency is 're-invested' in Iraq (see, iii--buying the new notes) will be one indicator of stability and direct foreign investment.
    8. There will be another ride for the folks who bought the new currency and want to take the gamble that the dinar will rise/float to a Saddam-era level of exchange rate.

     

    Ooooh, and I just woke up and realized I had dreamt all of this! :)

     

     

     

     


    1$ to a penny would be money made but would surely suck. I’d love to see at least 1$ to 10 cents 😬

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    • Upvote 6

  25. Saturday Morning Guru Opinions @ 9:09 AM CST - 2/29/2020

    in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar

    Posted

    Kaperoni’s logic is true. A strong economy feeds monetary value. It attracts investors and and with them, their big beautiful buckets of money. Iraq has been on life support for many years and her heart is about to give out.....She’s going to need a shot of adrenaline or an electric shock to get her ticker going. That’s why I think there must be some type of increase in value albeit only .10. Just my .02 

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    • Upvote 4
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