jsilveira66

for the 100th time, the zeros get deleted, and a 25k dinar is worth 25 bucks, according to your math?

Now QUICK!!! Sell that stuff for pennies on the dollar, and listen to your peeps whine because a american made toaster cost them 7, 000,000 Dinar. Or 14.00 USD

Absolutely.

wont happen, and IM NOT A FAN, either

Good looking out, brother..... All the while. they continue to lose money, while they have the ABILITY to change it. It ISNT like this situation started yesterday.

Ugh

Yes, I have a few people hand me this article, and another from 2 yrs ago.......would love to hand it back to them soon.

"The investment of this reserve big help to raise the value of the Iraqi currency compared to foreign currencies, and thus will contribute to reduce the prices of goods and commodities, would be reflected on improving the living standards for the Iraqi people and thus contribute to the insurance community and reduce crime and the fight against terrorism." Ended Read more: http://dinarvets.com/forums/index.php?/topic/153779-shammari-calls-to-set-a-date-to-reset-the-iraqi-currency/#ixzz2YThZmRmL Exactly, someone get crackin' on this........RV

DECODE?

Yes, and foreign companies and investors are just chomping at the bit to get their share of the pennies on the dollar profits.

Ummm, a strong armed tactic to force an RV by USA and others?

Im still not an economist, but volume is going up....... What does this mean?

Thanx for the intelligent input, that is very satisfying

OK, Been a member for 3 years, and Ive only recently started reading posts again. Im not hugely invested in the dinar, (just under 500k), and after securely fastening my spiderman decoder ring, to help in these broken english articles, the same issues seem to jump out at me that have confused me back then. Kuwait, Chapter 7, and the RV. Lemme start with Kuwait. How is it that any Iraqi, whether a Parliament member or a peasant, look at their neighbors and wonder what it is that they are doing that they, as a country, are wildly successful in the world market. Im no economics major, never claimed to be, but here is what makes ZERO sense to me. Basically the same resources, albeit probably far more on the Iraqi side, yet the economies are completely on opposite sides of the spectrum. The United States has propped Iraq up for far too many years after the first and second "wars", and I would think we have stumbled upon a couple people who might be smart enough to foresee the future of that country, post-Saddam. I mean, you know, SOMEBODY must have known that Chapter 7 would come about, so it shouldnt have come as a surprise. Yet, for as long as it has PHYSICALLY happened, they continue to pump THREE MILLION barrels of oil a DAY. Again, I am no money man, but can someone explain to me why WOULD someone pump that much OIL, and sell it for far less than what the world is paying for it? OH, WAIT. Im sure someone is gonna tell me that it isnt the way it goes. They will say that the profit has gone to the UN, or the US via frozen assets, etc. But here is what stumps me....... Irag is crowing about how they are able to sustain the value of the ICQ 2.5x over, through the extra 80 billion of cash (infused from I dont remember where) It kinda reminds me of the ability of the US/Russia ability to blow up the planet 17 times with nuclear weapons, when we all know it only takes ONCE. Damn, I really have to stop and wait on THIS question before I ramble off on Chapter 7 or the RV. It appears to me I have time to wait to understand why Irag and Kuwait have values of their dollar that are far off of each other. On a somewhat related note, Im sure there are many of us who have a 7 year old grandchild who can DESIGN AND UPDATE a website for a multi billion dollar company such as the CBI. But I did read another post about Iraq frowning on child labor laws?

Bait? To make a run on Dinars?