Grumpy

I would say this best way to end this discussion is for Iraq to get off their duffs and RV already!

You nailed it, there is NO hyper-inflation as a matter of fact they have less than 5% inflation

where do I start.... Ok first you only pay taxes on your gains, not investment + gains. They basically stated there will be no lop until all the currency has been recovered.

Again this is almost 2 year old article, many things have changed since this article was written

another site is always right to, I think we have seen a little different picture of AC but we are all entitled to our own opinions

Iraq Planning Currency Redenomination News / From Our Bureaus Iraq Planning Currency Redenomination Iraqi dinars are stacked at a teller's window in a Najaf bank. February 06, 2010 BAGHDAD -- The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports. Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year. Please read the rest of this article and not get hung up here Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued. Concentrate on the word gradually, a lop would happen instantly Both will be legal tender in Iraq until the old notes are completely withdrawn. A lop would make the larger bills obsolete overnight Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan. Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq's money supply is cash in circulation. if you think about this, lets say a loaf of bread cost 10k dinar at this time. After RV this same loaf of bread my be $5, now you try and keep enough change on hand to change in a 25k note. Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars. Economic analyst Hilal al-Tahhan told RFI that the bank's move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy. Again if there was to be a lop, the currency would NOT be aloud to co-exist The current exchange rate is 1,167 Iraqi dinars to the U.S. dollar. http://www.rferl.org/content/Iraq_Pl...n/1950504.html Ok my .02, have fun debating it here and try to free up the chatroom for awhile! P.S. this is the best news we have heard in a long time, please don't look a gift horse in the mouth

I want to say once again, ANYTHING in the VIP is NOT to be discussed in the chat room. Or would you rather let the free riders get what you pay for?

already posted in news section

Play nice boys and girls

well considering the source, don't expect to many replies A lop is very unlikely to happen, relax

http://en.aswataliraq.info/?p=126459 IHEC decides to postpone electoral campaign until Feb. 12 February 4, 2010 - 02:02:03 BAGHDAD / Aswat al-Iraq: The commissions council of the Independent High Electoral Commission (IHEC) decided on Thursday to postpone the electoral campaigns of all candidates and political blocs until February 12 instead of February 7 to give the federal court the opportunity to answer the IHEC

Well said Barb!

You have to host your picture off site, than click insert image and add the url photo bucket works nice imo <<<<<<<<< is my self protrait

sounds more like a stock price adjustment to me

----classic!------

your welcome, CBI is slower then heck posting. use the news outlets they are more dependable

normal maintenance it looks like to me

usually a day or two behind

My dubai friends have an editor friend at the xxxxx xxxxx (newspaper name here), and have gotten some good news from him a few times. We talked today, and the editor xxxxx xxxxx, just interviewed a finance minister from iraq. The article was a post rv article that is to go pub after the rv. What was said in this interviev was that the iraqi dinar was to be around the same rate as the euro, and could be released anyday, no later that the elections. He also went into detail about the process of revaluing the currency and all the diffuculties of the process. He also said it was tied to the 2010 budget and parliment agreed on all the fazes of this rv before they broke for recess. Names have been deleted to protect the innocent

just not posted yet, CBI sells $98 million on Wednesday February 3, 2010 - 12:18:08 BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales dropped to $98.880 million in its daily auction on Wednesday, compared to $146.278 million in the previous session. “The demand hit $10.400 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $88.480 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency. None of the 15 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday.

If you left Adam a PM, he will get to it and review it. Its a little hectic right now, give him some time please

You will have to PM Adam, he is the only one with database access and plead your story. Sorry I can't help you

did you get in a arguement with another member or mod?

are you just banned from chat? apparently you can post here.

I won't be a issue, we may however have a time limit on cashing in