burn_the_village

I like your thoughts but I tend to think that Obama and Bush are really on the same side. Politically they just worked it from their side of the streets. Maliki is a puppet of anyone willing to give him something. Do not be surprised if we find ourselves in a war with Iran. This will be a big deal as politically it will set Iraq free.

Iran is our end game Iraq is in the middle. We will be at war with Iran in the near future. Once Iran is defeated, everything in Iraq will straighten out. For now Syria, Yemen are up next unless Iran does something really stupid or Israel drags us into a war with Iran. But lets not confuse things, we are not abandoning Iraq. If things go super foul we will be back and besides Iran's days are numbered.

The issue of cbi wanting to RD and the goi appearing to stop them is just cover as they prepare to get themselves in a position to contract / raise the exchange rate. Also this will be nice for the GOI when the dinar starts appreciating making them look good politically to their people. That 30 T or 30 Billion dollars is probably us. A lot of people don't want to see it that way even though there was an article stating that they exported that much money. There were a lot of people who bought dinar of the last 8 years and for one reason only. I believe that the article of 4 Trillion in circulation in Iraq is true. Naturally we will be targeted next because as they allow the exchange rate to rise slowly, people will start to turn in their dinar but it won't be all of us at once. This is do-able for Iraq. An RV or an RD where the value of the exchange rate is altered greatly over night would seriously hurt them because we are ready to cash in. They have to honor their currency... Anyway, they have all the time to do this and they have all the support from the US Dollar with their currency auctions.

:blink: There will be no RD just like there will be no HUGE RV. :blink: They keep talking about an RD but it never gets done and it wont get done. Until you see an actual bill come out and circulated where it is equal in value to its 3 zero counterpart, its not done! The IRaqis are the biggest pumpers of all. All that we know is what CBI is currently reporting with their M1 / M2 We as foreigners have bought a ton of their currency..... Its been 7 or 8 years and they haven't RD but guess what they knew then in 2004 what they know now about the condition of their currency.... Does it take that long to do an RD? To decide? They're not going too but they will let it appreciate soon. With 4 Trillion dinars in circulation, they got their people to turn in a lot of dinars; guess what group of people who hold a lot of dinars is next? Us... They will update their financials as they raise the exchange rate slowly and they do that by taking money out of the system. For those who are skeptical of this outcome! Contraction will occur!! So dont be surprised if an RV or RD of 1 to 1 doesn't happen. Obviously in both of those scenarios we are all cashing out fast....Do you think those muslims in Iraq want to lose all that money at once to pay us infedels out??? If it was an RD what would have been the point of this excercise? Their reserves will be sacked and there will be little to no interest in their currency afterwards!! If it were an RV....under the current monetary policy ugghhh...not happening! We bought this for one reason and for the Iraqi's the only way out is too keep stalling and eventually let the currency appreciate up. They probably have a range in mind.

in this article it says it will take 3 years... In 3 years time the Iraq will gain value and the exchange rate will increase nullifying the floated idea for the past 6 years or so that they will RD like Turkey Brazil Russia etc etc etc... I am positive about this investment however if I were in their shoes and it was my job to manage this currency, why the heck am I going to pay out a bunch of foreigners at once AND pay them millions? Are you crazy? Because as soon as I RV the currency that's exactly what would happen...you people all at once would cash out because you only exchanged for Iraq's currency for one reason. Same scenario with a LOP....whew...in that dreaded scenario once we figure out that its done and there is no opportunity to make MILLIONS.....what do you think will happen? Cash out...pretty much all at once.... It took them this long to build their reserves on our pound or dollar....it can take them just a few months to lose a good portion of it in a LOP scenario. In an RV scenario...well lets face it, an RV of anything sniffing a penny would not work.... It doesnt matter what kind of monetary policy you want to apply unless you apply Sadam's monetary policy....Yes....an RV would work with that scenario! THREE YEARS? See that's enough time for the Dinar to appreciate decently and people will be cashing out and buying in IF they contract their money supply which we wont know is happening until they raise the exchange rate and update their M1/M2 to reflect this at the same time. So anyway, whats decent? waking up one day and finding out that every million you have is worth 5 to 10,000 dollars. They already knew the condition of the dinar back in 2004 when they came up with the NID. Shabibi was dissapointed that they didnt RD at that time when they came out with Sadam less money....An RD is an easy way out of their mess....what a perfect time to take care of their flabby currency of zeros!!! BUT THEY DIDNT.... The fact thats its been this long and they haven't done a LOP is good fact in itself. I dont want to hear about excuses as to why they didnt...They can do it. CBI has the power to LOP if they want but yet they dont and they wont but they always talk about it. Look to recent articles, that point to 4Trillion dinar in circulation in Iraq with 55 Trillion reported in their M1 well that's a big big deal if you ask me.....How much did CBI collect? How much are we holding? Maybe 25 to 30 trillion? There was even an article that stated they exported that much dinar earlier this year. Why would a nation about to LOP care so much about what is in local circulation? Also just because CBI collects it doesn't mean it comes off the books. Also notice that the reporting of the M1 and M2 is always a month or two behind....Odd. This is a small country and this currency has been pumped and pumped and pumped and bought by so many contractors, soldiers, and people online internationally over the past 8 years? Their money supply just increases and increases...Its because of us. I definitely believe we hold a significant portion of their money and some people say this is bad, well Iraq could have shut the door but they allowed us to do this and at the same time they backed themselves in a corner by allowing us foreigners to buy their dinar over the past 8 years. For us there is strength in numbers! Its a good thing! Look how china behaved when people thought they were definitely going to revalue in 2006, they denied it for a month and then RV'd...No country likes currency speculators....but in Iraq's case they have the support of the UST, the IMF, and our US DOLLAR as surrogate currency.... Three years will be plenty of time to finish their project but again, don't expect an overnight RV....not happening for the same reason a lop would never happen. Think about it.

That is correct all through the late 80s and 90s Sadam brought financial ruin to Iraq and the only reason why the dinar was 3.22 in the late 80s was because Sadam Said so....Black Market price for dinar was so much cheaper than that. If anything, the $3.22 in the late 80s for the exchange rate of the IRaqi Dinar was "Artificial" And unfortunately, the price of the dinar today, is legit...

Well for all those exchange rates quoted and during those times Iraq did not have Sadam Hussein in power and having gone through a war with Iran. Sadam is the one reason why the dinar is in the condition it is in today. He spent money like crazy and then when he was cut off from the rest of the world after desert storm, he went crazy printing dinar. At the dissapointment of Shabibi, the IMF would never allow them to escape what Sadam did. All we did when the NID was created was remove Sadam's Face the value basically remained the same and was allowed to appreciate from 3500 to where its at now.... If you look at their reserves and their M2 and their monetary policy, what is artificial about that? Basically they back their currency 100%. This is a common muslim banking practice.... We are dealing with Trillions in the M2 they are claiming and they are backing their currency with billions of dollars in value so doesn't that make sense why the exchange rate is 1170? How is that artificial? Look at other countries in the region and compare their reserves to their M2 and then take a loot at Iraq. Then you can understand what Sadam did....

Why does it smell bad? It doesn't matter who is president, they still have to take direction from those who truly run the world. Think about it....If Obama put his heart and soul in his first election campaign about how really felt to get elected, how does that match up with what he's actually done? Guantanomo is still open, We will still be in Iraq and Afghanistan in some form or another, He gave the go ahead to kill Osama, We liberated libya with our fire power, and here we are messing with Iran.... oh and they curiously announced a 100 troops going to central africa.....we have africom there so....what's the big deal with that? oil perhaps??? Bush would have done the same things with a republican conservative slant of course.... Should we really be surprised by Obama? I believe course has been set and the objective is to have a New World Order

300 years? He must be factoring in the Iraqi's work ethic

I would go along with this if Kuwait could be left in charge and all of Iraq had to follow Kuwaits lead! hehehehe

Taking money out of the economy!! Who said 2.8 billion? Here ya go! http://cbi.iq/index.php?pid=GovernmentSecurities Government bonds Amount Issued $2,700,000,000

I will buy more! I know they can't afford to do a LOP. We hold way too much of it and we'll cash out on them and walk away... No other country in history that I can find has ever had their currency revalue to a 1000%.... So that pretty much means that over time Iraq will let their currency rise slowly.... They are using the dollar, most iraqis savings are in the dollar, there is no pressure for them to LOP. They have collected a lot of Iraqi dinar and soon they will take some of it off the books and allow the exchange rate to rise. At the same time as this continuos more iraqis will trade their dollars back to Dinars increasing the demand and value.... So for myself, if I can, I will buy more why not?

You must be a newbie... Go buy some more dinars and be happy because they won't LOP. They couldn't afford it if they wanted too There are too many of us holding their currency for them to pull off something like that! Its all political theater to make the GOI look good, they have been saying this cr@p for over 5 years and all along we just kept purchasing their currency freely.... There's a reason for that just like there's a reason for their currency auctions.... One day soon they will allow the dinar to rise slowly. If they Lop'd we'd all cash in at once and kill their currency. They don't really want to acknowledge that, infact I've seen them deny it in articles but can you deny a constantly rising M1/M2 over the years? With no real banking reforms in place before, no loans to create money like we do in the U.S., what could make that M1/M2 continuosly rise like that? They are not a big country and their currency is not internationally trading on forex..... ITS BECAUSE OF US BUYING THEIR CURRENCY THAT THEY MUST HONOR If we the foreign investor is not so heavily involved with the IRaqi dinar, the LOP option is the logical choice with the only real issue being the cost of making a new currency but the issue is that they have to pay all of us foreigners out....Based on articles that have touched on this issue combined with the very fact that they haven't gone through with a LOP and its 2011 going on 2012, I believe foreign investors hold a very significant amount of the current M1 of 55Trillion....and they don't want to pay us all out at once so they have no choice but to let it rise slowly and appreciate....which makes sense. I mean why pay more for something when you know you can get it cheaper? They got a lot of the dinar out of the Iraqi citizens hands and replaced it with US dollars, guess who they will focus on next? US #1 way to increase a currency value? Remove money from the economy and raise that exchange rate.... Of course if you still believe in a LOP after that solid reasoning, then you should cash in your dinar and purchase a lotto ticket.

Per articles from a couple of days ago, it was said what is in circulation in Iraq is 4Trillion yet their M1 is still 55 Trillion as reported in their stats on cbi.iq? If the article is true, then I believe they are in position to contract money plus they are selling securities. That's reasonable... For those who preach RD/LOP let me tell you, you can not dispute that we foreign investors did not buy a lot of this dinar....We did!! That M2 only moves in one direction and that's up and that's also during the time where there wasn't but a couple of banks in Iraq!! Its just now this year they have been focusing on their banking reforms!! SO How much did we buy??? I don't know but I think its really a lot. I'm talking about combined bank accounts and cash exchanged all over the world not just to Americans.... I THINK WE BOUGHT TRILLIONS!!! So if they do anything DEFINITE to their currency like a LOP or what the heck like an RV of anything sniffing a penny there will be a lot of people cashing out at roughly the same time frame because we bought this money for one reason. THATS A FACT So do the logic....Iraq allowed us to speculate all these years and it takes what? 8 years to do an RD? I mean its their currency they issue and they have to honor, thats their obligation they can not escape. So if they do something definite, are they prepared to cash us out in a short time? Do they like losing money? Do they like to pay westerners speculating on their currency??? Ha! Not if they don't have too and not if they can get it done cheaper...they can so no reason to expect some fat RV either.... BUT NATURALLY IF THEY LOP WE WILL KILL THEIR CURRENCY BY CASHING IN BECAUSE IT WOULD BE OVER AND THEY WOULD BE LEFT WITH ALL OF THEIR CITIZENS HOLDING DOLLARS WHICH IS WHAT THEY ARE DOING NOW W/STILL ZERO CONFIDENCE IN THE DINAR. This is why their only option is to let it rise slowly and let their people start to gain confidence in the currency again. They are not lopping. Restructure currency yes

Actually .10 is a bit too optimistic. If you think the dinar will be on par with the dollar soon then you believe in a LOP. That's the fastest way to get there, not RV and anyway what country do you know of that has ever pulled off a 1000% RV? We bought a lot of their currency its also the reason they won't LOP. They can't we'd kill them cashing out... They can only suck up as much of their currency as they can from their own people until the time comes to deal with us because we are a large group of non iraqis holding their currency and they know it!!! And when that time comes, they will NOT come out at .10....oh no....they will come out much much lower than that...cashing out dinar here and there rather than majority of us all at once is what will happen...and because they vacummed so much of their currency up, they can control the exchange rate if they like. Why pay out at .10 when they can pay you .004? that's 4,000 dollars for every mill you bought. If that happened of course some people would get off the ride....hehehe Heck, it could be even less than that initially! how many people would get ticked off and cash out if the dinar came out at .006? hahahaha Oh and an overnight RV would cause mayhem in Iraq's society and in our as well...blood would be spilled over the currency and cbi would be blamed...No FAT RV, No LOP!!

increase value? The IRaqis are the biggest pumpers of all... hahaha..... Remove 3 zeros, increase value? A lop and what? change their monetary policy so they only have to back 20 - 25% of it and give u $3+ to one dinar......yeah Iraq I dare you! Guess what? We'd all cash in....ALL OF US AROUND THE WORLD!! MUWAHAHAHA!! There were articles the other day that says there is only 4 Trillion dinar in circulation IN IRAQ...when you look at cbi's M1 for their dinar, its like 55T How much did we buy? How much did CBI collect? hmmm?? I'm betting we bought A LOT and CBI has collected a lot from their citizens!!! Do you really think these Iraqis want to pay us all at once by doing anything definite to their currency? Do you think they will tell us? They friggin hate us! and for those that think they are talking about an RV, I'm sorry to say that's wrong...but keep buying dinar please! hehehe Lets be honest, there's no way they can go straight up from 1170 to the dollar to an exchange rate of 1 to 1 overnight...NOT happening...thats not how the world works...when has that ever happened before? Is this a currency that represents a nation and its economy, or is the dinar like a stock? I do believe they will start to manipulate the exchange rate letting it increase against the dollar over time once they are done playing political theater with this issue and once they have enough currency withdrawn and they sell more securities...but they are not in a hurry or possibly not ready, and at this time, I believe their economy has full support of our US dollar acting as a surrogate currency and anyway no other lopping country has done that. Also,. most Iraqis' savings is in Dollars. Remember that. Those reasons and the fact that we are holding so much dinar which they must honor (YES THEY MUST!) since they issued it, is why they can't ever LOP or do an RV and their only option with their currency is to allow it to appreciate slowly and hope to cash us out here and there rather than ALL AT ONCE!! Think about it! Be ready for this as a possibility people! imho this is the only way everyone including Iraq can prosper

They will continue to contract the money supply and they will not update their M1/M2 figures to reflect the absorption for good reason.... on their clock they will allow the dinar to rise slowly in price with their controls in place. As they do this over time more and more people will cash out. $2,000 for a million dinar or $5,000 for a million dinar. If you don't consider this a possibility after your dissapointment that it didn't come out 1 to 1 initially, you may sell....just sayin I think at the same time they will introduce a new denomination as it has value in the economy. This can be a very long process to do this but consider this They have known about their currency situation for decades and it doesn't take 5 years of talking about doing a LOP to do it even by Iraqi standards.... They got a lot of the currency out of the Iraqi's...guess who's next?

It says the central bank is absorbing the dinar. They are contracting the money. Why would a country do that if they are going to LOP? The less currency they have to back the more value it becomes of course. Even though I thought like many watchers that they could be doing this... (what else could they be doing does it take 5 or so years to do a redenomination like brazil, turkey or russia?) CBI still doesn't reflect this in their M1/M2 figures? And 4T? That's like 4 billion dollars roughly... If that's really true, they have to contract more of it. They ony have 58 billion in reserves and that's what backs the currency and gives you the exchange rate we have. I think by "absorbing this currency" they are putting themselves in a position to manipulate the heck out of this currency exchange rate. If it changes and its super low, do not be surprised and prepare yourself because I'm sure they want to see people from the oustide (us) turn in the dinar. I'm just saying that slow rise could be a possibility and for some getting 5 or 10,000 dollars for their one million dinar they bought may be tempting and Iraqis never seem to be in a hurry. hehehe

Thanks for promoting that new awesome site! wheeeee!!

hrmm.. ahem..hmm..

In my opinion if they were to lop why would they care about reduction in Currency? I hope that's the correct translated message. This is definitely a good thing! Also I would love to see an RV like a pot of gold at the end of a rainbow but this article touches on security and it reminds me of what I thought about before.... If it were to RV and 1 dinar is like a dollar no lop....you will have armed policeman in Iraq robbing people at check points. Things would become chaotic very fast. People will die over night for money and the government and central bank will be liable. Also if it Rv's we will cash out immediately or try too and then Iraq will have to reimburse whoever cashes us out. Don't think there's just a few of us hahahaha....That wacky M1/M2 they have that just keeps increasing in size....I believe we contribute to that buy purchasing the dinar and its not a bad thing at all...in fact the more that buys it the merrier! Anyway I think it keeps them from Lopping (if they lop they have to pay us all out...Iraqis dont want to do all of us at once..hehehehe) 5 years? They have the support of our dollar; no reason to LOP. They have nothing to lose. They can let the dinar appreciate. People will cash out and buy in whenever they want. Market driven? Sure why not. Steady as she goes...

we hold to much money for them to RD or RV once they make a change to the currency exchange rate and its anywhere near a dollar, we are audi 5000 and don't want to hear about stanky Iraq ever again they dont want to have to pay us all out with no one else trying to buy...these IRaqis? shhhyeah not happening... they have no choice but to let it appreciate once they contract a lot of the excess money...so we don't run away all at once and they keep their currency tradable w/potential to let the market drive it. Right now, i just think they are not being honest with their M2 figure. I believe they have collected a lot of dinars, they can take it off the books anytime...

I used to see it that way but I no longer do First, I don't think countries central banks like currency speculators which is what we are. Case in point China I believe in 2006. Currency speculators felt that they would revalue the currency, china denies it but at the end of the month they decide to revalue. I wonder how many investors fell for that one? So then why would Iraq not care about us buying dinar? Some think it's because they know its going to LOP. Well..... Lets take a look at us for a minute. We are buying this currency because we THINK it will revalue or gain in value at some point either long or short term. IF there is a significant change in the exchange rate, lets just say it revalued by 1000% making 1 dinar = .86. What are we going to do? Pee in our pants and cash the *bleep* IN!! and that's so many people in a short period of time....what would that do to the Iraqi currency? how many of us bought this stuff and how much? hmm.... Now if it were to LOP, what are we going to do? I mean ithe purpose of us buying this currency is done, some of us may stick around to see if it does RV after LOP the classic lame duck ROI but obviously it won't be the millions we had been expecting. Right? Our millions are tied to those three zeros so what are we going to do? Most likely Cash in... Once again a large group of people cashing in Iraqi dinar in roughly the same period of time... In either of these scenarios Iraq has to pay us out. What country in their right mind would allow us to be there like that if they didn't have a plan. I understand another financial institution is there to handle us such as citibank but they aren't doing this to Iraq for free of course. Look at the governor of the central bank of iraq Shabibi's CV, Look at how close the IMF has worked with CBI. Think about how many of us have bought this dinar. You know the thing your complaining about? I think its a blessing in disguise that so many of us have bought this dinar. The easy way out of this situation is to LOP which they can't there's too many of us holding their currency. Did Turkey have a bunch of currency speculators on board like us before they RD? How about Mexico? or Brazil or Russia? Did those countries have the US dollar in abundance to use to hold their economy up? THE answer is NO....and there is a reason for this I think the dinar will eventually gain in value but it will be slow. This is an outcome we should be prepared for. I think its a great possibility we will all be tested by how much we are willing to cash out at what price as they keep this currency tradeable and possibly market driven. I say Buy the Iraqi Dinar and keep the Iraqi Dinar strong, this is the thing CBI brags about in some of their articles that the Dinar is strong. Of course it is, we buy it. If it wasn't in demand, they'd LOP off those three zeros...I honestly believe that and this is just my opinion...I hope it makes sense to some of you.

Exactly, they are the biggest pumpers of all- you hit it on the head, think about why that is for a minute. They have allowed thier currency to be purchased by speculators who feel the currency will gain great value soon for over EIGHT years... No country in their right mind would do such a thing unless they have a plan I think they will allow it to rise in value but they'd have to do it slowly and they can do this because they are using the u.s. dollar.... Now any change to the exchange rate making the dinar equal to the dollar by way of LOP or RV and WE ARE CUTTING AND RUNNING ON IRAQ We are cashing in and not looking back; uhm...shabs is a smart man and he would know this. He probably has someone visiting forums like this as well... What would Iraq be left with if they made the dinar equl to the dollar overnight? Dont you think your money went towards the 58 billion in reserves that gives their currency the current exchange rate it is? Wouldnt they have to cash us all out? Didnt a lot of people by this thing? CAN YOU SAY MASSIVE SELL OFF? What monetary policy would they need to RV? yeah its impossible they are 1000% away from being anywhere near one dinar to one dollar. That only leaves one option raising the value slowly and they will....be prepared for this as a possibility as not to be dissapointed and hold onto why you bought it. If its gotta be long term to make millions then so be it, Rome was not built in one day. just sayin

iraqis use dollars too, if they didnt have that to use they would have no choice but to lop and wouldnt allow us to buy the dinar now for over 8 years