FishmanTx

The exchange rate set by the governing body of that specific country is what determines the value. Whether it's realistic or not is irrelevant to the act. Yes, it should (re:GDP). Doesn't mean it will be. Kuwait is way overvalued and has been for years, but it didn't stop them from pegging at 3.xx. With the HCL law and the oil monetized, GDP will not be an issue for a 1:1 reval. After the revalue and once all their debt is paid, a large chunk of that money will be gone. Once the "3 zero notes" are removed from circulation, the stock will be depleted that much more. No one said they would print the same amount in new currency as they have in old and THAT is the key! The overstock of cash will be dealt with in this fashion so the old "they have too much currency to RV" diatribe won't wash. They could RV at any number they wish. Doesn't mean it'll work for them, but they can dictate any number they want. The CBI has already stated they will not float the IQD, it will remain in a fixed or limited float (narrow trade range) format so that it can remain under their control and not the market. Just like Kuwait. Fish

The key word you need to learn is "allegedly". "I have no recollection of that, Senator...."

The lower denoms would need to be, at least, available. Possibly, but then that means the market has them, i.e. they are in circulation. So far we haven't heard or confirmed that they have even been printed yet. No kidding! Maybe that's why I put it in the OPINION section. It's my OPINION, my 2 cents, my perspective. Another DV attitude....jeez.... Fish

A lot of RV rumor and such going around. I even had my own exciting "bank episode", but one thing that's keeping me grounded is the fact that they can't RV WITHOUT the new lower denominations being in circulation. How are they going to make change on that Pepsi "Habib" wants in the market? If that Pepsi cost 1200 IQD, about a buck, then at a revalued rate of 1:1 (or any other RV rate) how the hell will they make change when the lowest denom is a 50? No new currency? No RV! It's all rumor until then. Not MHO, logic. Fish

WTG Keep! Just think! When it gets time to take the bun out of the oven you'll get to perform your first "LOP" (umbilical) and if your christian or jewish you might get (should say HE might...) another "LOP" (circumcision) ! ROFLMAO Sorry dude, had to do that! Congrats to you and Mrs. Keep! Life as you know it.....HAS ENDED!

Supposedly the CMKX Diamond Group was "used" by the SEC and other department "initials" for a sting operation and caused the company to have a major / catastrophic loss in the markets via "naked short selling". The judges in the suit found the SEC at fault and CMkX was awarded damages and the return of all their funds to be paid back but they (Fed Gub) are pulling the usual tactics; delay, delay, delay....(ssshhh...maybe they'll forget we have their $$$). Still hasn't been proven to me that the CBI is involved in any way. The amounts involved are HUGE!

Pardon my French.... F**ked on a real deal.......

ROFLMAO!! So now we go from worring about IEDs to SBDs (silent but deadly)???

OH NO! no,no,no,no, it's gotta be one of these.....

I still can't get hold of the bank because they have been inundated with calls and have stopped answering the phone or just too many to get through. My mom was successful and they CONFIRMED the rate change and said it will lock in by this afternoon. Mom wanted to get more and they told her to be there before 2p or the rate may be locked in. She's trying to get hold of my sister who, last I heard was working for BofA, to confirm this. My friend spoke to the president or vp or whoever that's in charge of that branch and they also confirmed the change. We need some confirmation from other banks. Rather than check online, which may not show a pending unlocked change, banks may know ahead. Some of ya'll already b*tchin about it, how about a little help to confirm or deny before you mouth off? I DON'T DO RUMOR OR F**K AROUND WITH THOSE WHO CREATE IT. But I consider this as unusual when I get phone calls about banks saying thus and so then coming on here and finding the rumor gurus saying the same thing WITH THE SAME DETAILS. THAT WARRANTS INVESTIGATION IN MY BOOK. Sheik You know, never mind, if I can confirm it I'll just let all ya'll sweat it out on your own. Enough of this crap from jerks like you. BTW I TRADE FOREX! Do you seriously think they would post a pending unlocked-in rate?? Jeez....people like you are the reason I don't come here much anymore.

I'm not going by bulldog, okie, or any other shmuck that calls themselves "guru". This was brought to me by my people before I ever got on here and looked. How could it be smoke when our own bank said it had RV'd? Wish I could get hold of them. We're now trying to call my sister who works at BoA in Houston to try and confirm. Our friend requested and got an email confirmation from the bank, but that doesn't mean squat until the exchanges show it. Still unable to get through to the bank........

HELP!! Need help confirming the RV at 0930 this a.m. !!! I have recieved a couple of phone calls today from my mom and my best friend trying to confirm... Our mutual friend went to buy more dinar at the 1st Convenience Bank and was told the RV HAD occured at about the time Bulldog specified but would not be across the markets til between 2-4p today. NOW - DISCLAIMER I DON'T PLAY AROUND IN RUMOR, EVER! But I'm calling the bank RIGHT NOW to confirm this but can't get through. Also tried an exchange and couldn't get to them either......... Fish

I got news...... I have recieved a couple of phone calls today from my mom and my best friend trying to confirm... Our mutual friend went to buy more dinar at the 1st Convenience Bank and was told the RV HAD occured at about the time Bulldog specified but would not be across the markets til between 2-4p today. NOW - DISCLAIMER I DON'T PLAY AROUND IN RUMOR, EVER! But I'm calling the bank RIGHT NOW to confirm this. Back in a minute................ Fish

The more you attack us the longer we'll stay. They just don't seem to get that.

I read somewhere a while back that the intention was to fix the rate and not allow it a true "float" so that they could maintain control of it. The LAST thing you want to happen is to throw it out on the open market suddenly. So, to maintain control, the rate will change to whatever value they decide and it will be held there until they decide to change it again. Like Kuwait, at best, you'll get a "limited float" that's only tradeable within a narrow range. This will keep the rate fluctuations and inflation under control until they stabilize. In the markets, when a lot of something is bought the price rises. Same thing for sellers. A load of Dinar being sold back would drive the market down, making the currency less valuable.

Actually they created a law allowing us to hold IQD in the quantities we now have.

animals.

This will cause a lack of confidence in the market inciting traders with long positions to lose confidence and bail out of their positions out of fear. This will force the market down. It is pure manipulation by those that have the most to gain. They are BANKING ON FAILURE which in turn will CAUSE market failure due to panic and brokers liquidating their positions. Neil

BINGO!!!!

Why do they always have to mess with Medicare and SSI? There are many, many more items they could do away with rather than jack with old folks, retirees, and kids. How about WELFARE reform and MEANS testing? How about a cap on their FRIGGIN' SALARIES? How about NO MORE AID TO FOREIGN COUNTRIES THAT DON'T REALLY NEED IT? There are TONS of things that could be cut. Dump the Dept of Education as that responsibility belongs to the states anyway. Dump the IRS and go to the Fair Tax. Reform or dump the EPA. Last but not least; NO SUBSIDIES TO ANYBODY EXCEPT FARMERS! PERIOD! You want change? Get off your asses and get involved! If you don't, you have no reason to B*TCH! Just sayin'....... "I've said m'piece and counted to three!" Oh Brother Where Art Thou Neil

Good job, PartyTime. Pureau79 - awesome personal quote about "truth". I'm not a "birther" or a "whiner" or a racist, but I know a walking f**king disaster when I see it. It doesn't matter to me WHO the POTUS is. White, black, latino, asian, male, female...WHO CARES! If that individual can't run the country or is not eligble to be the POTUS (in this case possibly BOTH) THEN GET THEM THE HELL OUT OF THERE! We as a country are in DIRE circumstances! We cannot afford EGOS, ATTITUDES, OR POLITICAL POSTURING BULLSH*T! We need the the BEST people in power DOING THEIR JOB not running their own personal programs. These people are not doing the job! Fire them and get someone WHO CAN! I served my country for 20 years and I'M ASHAMED OF WHAT WE HAVE BECOME! Whiners?? Most of the WHINERS are on the government dole and shouldn't even be allowed to vote! Talk about a personal agenda! What can I get for free? You want change? Get off your asses and get involved! If you don't, you have no reason to B*TCH! "I've said m'piece and counted to three!" Oh Brother Where Art Thou

Leave race out of this. If that's the only answer you can come up with, you show just how ignorant and prejudiced you yourself really are. It doesn't matter what color, creed, size shape, sex, etc. the President is. Just because someone thinks he's doing a lousy job, doesn't make them racist. I can't stand his policies and I'm no racist! I know several black and latino folks that can't stand him either. Are they racist? Keep the racial sh*t down or risk censure. I don't think too many here will tolerate it. Oh and BTW, this IS the Off-Topic forum, so give Rtrusty a break!

You ever tried a complex topic search on these forums? Good Luck! 'tanks fer nuttin'!!

Just to be clear..... Actually, unless you currently warrant a current taxable income bracket of 35% and are a short term Dinar holder, the max is 20% on long-term capital gains thru 2013 for all brackets, long term. Folks are confused enough about that, so here's the chart.... Capital Gains in the US

I hear that IQD currency is not allowed to be sent back in-country. Is it just Warka or is it GOI thing? Can someone plz explain when this occured? Obviously I missed it.........