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DonH

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About DonH

  • Birthday 02/15/1957

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  • Gender
    Male
  • Location
    Oklahoma

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  1. Yep - I know it is news but that wasn't my point. I honestly thought they were auctioning Dinars. and for the question of my Newbie feelings: Ahahhh. I did not realize what was being auctioned ... duh. Many thanks to you all and I do stand corrected. Flame on! I posted a sincere question. Jeez, it's a wonder anyone every asks a question?!
  2. Iraq would not be auctioning dinars just before an RV. In effect, giving away billions... Announcement No. (2017) The latest daily currency auction was held in the Central Bank of Iraq on the 15-NOV-2011. The results were as follows: Details Notes Number of banks 24 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 223,076,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 223,076,000 Total offers for selling (US$) -----
  3. I have a very close relative serving as an officer in what was once known as the Green Zone. None of these Green Zone intel stories can be confirmed. Bank postings of rates, cashing out now, RV inside Iraq... none can be confirmed or, perhaps, they are not easily detected. Mostly fiction... if not ALL FICTION. I wish/hope I am wrong, though.
  4. I cannot name any sources but pursuant to the conversation I had with intel/guru last evening the RV will certainly happen either before or after 8:15 A.M. on Wednesday.
  5. Sorry, perhaps I should have posted it or labelled it as "OPINION". I certainly have NO intel of kind at my disposal. I do have a son stationed in what used to be the Green zone, but I never mention the issue to him as he is an officer and has way too many more important issues to worry about right now. I was just trying to come up with a likely logical, albeit painful, conclusion to my windfall fantasies. As I said, I hope that scenario is NOT the ultimate outcome. That said, if I were the GOI, that is how I would attempt to resolve the trillions floating around the world. I really do believe th GOI could get away with it. After all, it is IRAQ!
  6. Sincerely, this is not what I want, but fear this is how this may go down: 1. GOI / CBI will announce the RV stating the exchange rate for the new IQD currency is ... let's say one IQD equals $1.30 USD. 2. The currency we now hold will be required to be exchanged for the new IQD currency for some nominal exchange rate (roughly what we've paid for it). 3. The new currency will be valued at a true GOI budget-backed rate somewhere north of a US buck per NEW IQD and pricing then to be driven by the current markets. 4. None of the investors (outside of the current IQD peddlers and some select "Gurus) make the windfall we hoped for/expected/desired. 5. The IQD held by various government treasuries may get priced on some other scale as per side agreements established between them and the GOI, however. As disappointing as this would be for us, it simply seems like the reasonable solution for the GOI to clear up the currency we now have in circulation around the world. I certainly hope I am wrong. Please tell me I am nuts and why, OK? Thanks for allowing me this musing...
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