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About drc85260

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  • Birthday May 6

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    Scottsdale, AZ
  1. I agree, this is for the secondary markets only. If it said the CBI was to match the rate of the secondary market then that would be something to be excited about.This solidifies the 1166 rate...sorry
  2. Yes, It tells us that the long awaited rate change did not it is not good news:(
  3. Why would 3 or 5 zeros matter after the decimal point? They are there because some of the other rates include the third decimal diget US dollar USD 1166.000 1164.000 Euro EUR 1519.881 1519.121 British pound GBP 1759.611 1758.731
  4. Think about this. If Iraq comes in at 1:1 and cleans the USD off the streets, when they move it to 2:1 they will have DOUBLED their money and therefore PAID for the entire RV. AGAIN, they don't substantially CARE what's outside of Iraq. Read more: I am afraid you may be forgetting one important thing? If the IQD were to revalue at 1 to 1, how will they cover the expense of the outstanding currency, whatever number you choose. The US has a debt of 17 Trillionish and we are the richest coun
  5. Firstly, Deleting the zeros is not a good thing for means we are at revenue neutral or because we bought at such a high rate we lose money:( Secondly I think your "cousin" may have been misinformed? Central Bank announces Trath draft deletion of zeros at the request of the Parliament 12/09/2012 Central Bank announces Trath draft deletion of zeros at the request of the Parliament Iraq today / Baghdad Confirmed the CBI, that the project to delete the zeros from the currency will not be in the next year, at the request wait made ​​by specialized committees in Parliament.
  6. 2012-12-07 3:10 p.m. Author AN المالية النيابية: وفد من الاممالمتحدة للتحقيق في قضيةالبنك المركزي BAGHDAD / electronic integrity Revealed the Finance Committee in the Iraqi Council of Representatives, on the arrival of a delegation from the United Nations to Baghdad, to investigate corruption files in the central bank. A member of the Finance Committee Iraqi List MP Hassan Auzmn in a press statement that a delegation from the United Nations arrived in Baghdad during the past two days, adding that the delegation includes experts to investigate the cause of the central bank and corrupt
  7. Sunday, 12:59, December 8, 2012 Online Release BAGHDAD (Iba) .. Warned economic analyst Ibrahim al-Mashhadani, from worsening and deteriorating political situation in Iraq, which will affect heavily on economic activity between the Territory and the center, noting that: worsening political situation threatens the country economic disaster as a result of disruption to Iraqi trader between the north and south and disrupting work most economic laws. Mashhadani said in a statement to Agence independent press (Iba) .. Saturday, "The policy intense expression of the e
  8. I have a question to pose to the entire Dinar Community:Why does everyone use an Alias?What is everyone hiding?If you went to a financial planner and he used the name Sponge Bob would you have confidence in his ability?I think it is curious...Cheers,Spider Man
  9. "as explained during his answers to the financial value of the dinar after the change will maintain its position fully".......lets hope so. I do not see anything to be "hopeful" for? as explained during his answers to the financial value of the dinar after the change will maintain its position fully, denying that you get some imbalances in the process transactional to banks and banks with customers who deposited their money before the deletion of zeros. Despite what was said in favor of the positives can be realized after the deletion, but the president of the Association of private banks
  10. Why would a dealer buy our Dinar at 6 or $700 if they can not exchange it at the CBI? They would be stuck with it unless they "invest it" in the country. Which banks or Currency dealers (like American Express or Airport exchanges) can one cash in at?
  11. Congress and the Senate are not obligated to adhere to the laws.....Here is a solution: Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling: "I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971 - bef
  12. "Presidential Order 13303: Allows US Citizens to invest in the New Iraq ." I am afraid this could mean "invest in the country only"...meaning that you have to spend your dinar there to rebuild the country.....not use it out of Iraq. That supports what the CBI law #32 says.
  13. I believe the law they were talking about is #32 at the CBI site ( see below) was not this article. I couldn't copy and paste it because it is a PDF. Go to the CBI site / laws: Section 7 Currency Article 32 It states that Banknotes are intended for circulation in Iraq...etc I believe that all Central banks create their currency for use in their country. Also we are already using it outside of Iraq. DrC
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