Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

maeunc

Members
  • Posts

    7
  • Joined

  • Last visited

maeunc's Achievements

Newbie

Newbie (1/14)

0

Reputation

  1. I have a contact in Iraq who has no problem explaining the process of "dividing by 1000" and the actual value of his 25K not not decreasing even though he will exchange it for a 25 note. He reports that this is what has been explained to the citizens as the plan. It was supposed to happen in January but has been postponed. In the Fall of 2010 the powers that be aired "infomercials" (for lack of a better term). They were 3-4 min segments that were staged in a bank and explained the process for deletion of the zeros and how the new currency would hold the same value as what they have now. In January/Feb these segments were available on YouTube. They have since been removed. I know this is not what we want to hear but it is fact. Months ago I attempted to share the information I have from my contact the "leaders" of another board and was told that my contact is misinformed. I hope that is the case.
  2. Interesting points DARIN... too bad it still doesn't clarify the plan!!!!!!! and you are so right....only time will tell!
  3. radiotom I have been a member here for a while but generally lurk. Today I have been surfing around trying to find some sanity. Your post describes "the plan" exactly as it has been described to me by my contact in Baghdad. He calls it "divide by 1000" and eventually bring it up to 1:1. When we first began communicatiing in January, he thought this was to happen very soon. I have since learned that there was a lot of discussion about deleting the zero's on 2010 and that it was orginally planned to be done by the end of the year. When it had not happened by early March, he contacted his friend who recently retired from the CBI. The friend told him that the plan was on hold. He now says that the plan is back in the news and that the Iraqi's understand that a 25k note now worth $21.25 USD will be exchanged for a single 25 note.......still worth $21.25 USD. It is revenue neutral. They loose nothing. They gain nothing. However, a huge number of the overabundant dinars are taken out of circulation but the value of this in circulation is maintained. He adds that after the public becomes accustomed to the change and the economy improves a bit, the value when compared to the USD will be raised to 1:1. Everywhere I have shared this information I have been told that the Iraqi's do not know what is happening and that is he simply misinformed. I hope he is but I can not rule out the possibility that he is not.
  4. Wow...... our plans are pretty much identical.
  5. From you mouth to God's ear!!!!! So tired of speculation..
  6. This post and others I have read make me think there is a need for some detailed planning. At this point, we plan to cash out ASAP, get the $$$ in hand and then make an appropriate plan. Can anywhere share with me what a "cash in plan" would consist of? contingencies? I have no Plan B.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.