BETTYBOOP

Hoping you are correct @Luigi1

FML!!! They just can't do anything right for the people. Further delays. I think we are now looking at 2024 at the earliest.

Not saying Pumpy is wrong.... BUT if they do this the 3 zero note are supposed to be used in inter banking transactions after the rate change so if they do what Pimpy is claiming delete the zeros means then the 3 zero notes would not work for the interbanking process

I tried as well and couldn't find anything conclusive

yeah there is.... just ask the gurus! 🤣🤣

Yip and precious stones like rubies and emeralds. Plus semi precious stones and precious minerals I think they also found silver

the high vain was found close to the surface in a Baghdad street. But they have loads of gold seams

I think , IMHO, IT MIGHT drop a bit bit not as dramatically as they are trying to make out

Thank you @Luigi1 I was beginning to think I was losing the plot. This isn't counting the minerals and precious and semi precious stone mines they have discovered which will gradually add to their GDP. So no real reason to LOP their currency. Additionally, If it is true that other countries hold dinar as well as the likes of trump ... people like him do not make bad investments. If he is holding there is good reason for it. IMHO

Just thinking out loud bit if they were gonna LOP their currency they could have done it many times over by now

@ronscarpa many thanks

@ronscarpa I don't mean to pry and you can tell me it is none of our buisness.. the other night you said you had a finance manager with chase and he knows you hold dinar.... have they ever told you it isn't worth it or it will never happen and to dump it? Just curious about their opinion if they expressed it

Can anybody confirm if my thinking is correct. When Shabbabi was in charge he said the zeros would come off the rate not the notes as taking it off the notes is not a positive move for their economy...? Am I right in thinking this?

@edbeach like everyone he has his opinion. But in all honesty there is probably only 2 people on the planet who know exactly what they are going to do and when . I don't think 1 of them is the pm's financial advisor. How many times have we seen articles claiming x y or z and realistically they are just that person's opinion

You are right there is nothing that any of us know of for this not to happen. But I have read more in support of an rv than a lip. Not from the gurus. That was when I first got into it but there is nothing to say they haven't changed their minds.

So ... I have just listened to Pimpys "delete the zeros " video. The reality is NOBODY really knows what they are gonna do. For me pimpy is in the same league as Mark z Frank and tnt Tony. He makes it very convoluted , which to some might make him sound intelligent. I have to agree with 1 of the commentators on his video who stated that the cbi have said the notes will co exist and that there is no way the countries who are now owed money from Iraq are going to allow then to just lop their currency. Whether the goat is right on timing or not I don't believe J P Morgan and Co are there for a currency to LOP.

@edbeach... I get where you are coming from . We have all got plans for when this hits. However, all our plans are going down the toilet if they take the zeros off the currency. Like you I have been here a long time and that is the last thing I want. If this goes right for us I can retire at least 15 yrs early.

Yeah if they delete the zeros from the currency we will be lucky to break even. But at the same time the CBI has stated that the new currency and the 3 zero notes would co exist and the larger notes would be used for interbanking practices as they gather them in. so I Don see how that works if they take the zeros off the currency

Goat reckons some time in the coming week

IMHO....and I maybe wrong a gradual float from where they are now does nothing for investors or the citizens. I think they need to start either just above or just below the dollar and float from there. To come straight out the gate at $3+ would be grate but I also think that would be too big a shock to the markets and would set them up to fail dramatically.

Good news , bit if it is like the budget it will rumble on for a few months

Surly this needs them to have a stronger rate if they want investment. 10/10 for their efforts. It looks and sounds impressive but the rate as it is currently would not attract me to do buisnees

I agree but I am also wondering if this is just the rate they have calculated the 3 Yr budget at ? Is there any confirmation anywhere that it states in the budget that the rate is variable ?

🤣🤣🤣🤣 Mark z is beyond delusional. I have seen a few jumping on the pimps bandwagon about the rate change

Yeah but this 1 is also called Mustafa and he was also a military man of I remember . That or security service