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What are peeps sayin over there?

Apparently, the reason the currency wasn't unveiled on Sept 1st was because....Get ready for it....... THEY MISPRINTED THE CURRENCY AND LEFT OFF THE KURDISH LANGUAGE. So now on Sept 15th Shabibi will announce when the new currency will be revealed. WHEW....All my concerns have been resolved.

My question is why are they so concerned with doing this if it is going to be a lop? The old and new would be worth the same. What's the fuss abou unless there is more to I than that?

I think the 65 million children in the world that have never seen the light of day would love to argue and have that chance. But they were killed before they got the opportunity. A kid born in poverty at least has a shot at life versus no life at all.

Cmon, just ribbing the guy. We all know where a lot of each stand. If we can't poke fun at each other than what fun is it?

The Dr is in. We were all waiting for your opinion. Thanks for giving us what you know for a fact they are saying. Don't know if we could have formulated our own opinion without your absolute expertise.

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Farabic.arabianbusiness.com%2Fsociety%2Fpolitics-economics%2F2012%2Faug%2F21%2F257813%2F Annual inflation index rose in Iraq rose 5.7 percent after rising rents and the cost of living and services. Said the spokesman of the Ministry of Planning and Development Cooperation of Iraq Abdul-Zahra al-Hindawi, said that «indicators annual inflation for the period of the month in July 2011 until the same month this year rose 5.7 percent for reasons of higher prices of goods and services, which include food, rent, transportation, communications, health and education» . Hindawi said «Central Bureau of Statistics of the Ministry completed the inflation report for the month of July 2012 on the basis of field data collection on the prices of goods and services components of the consumer basket of selected sample of outlets in all governorates of Iraq. Hindawi between the indicators of inflation for the month of July this year other is increased compared to the previous month of June by 0.3 percent. He said Iraqi Finance Minister Rafie al-Issawi said that Iraq was seeking to keep inflation at five percent in 2012 with the support of the policies of the Central Bank to control the rising prices, and that he hoped to re-evaluate the Iraqi dinar by 2013. Issawi told Reuters he hoped to control inflation again at about five percent in 2012 by some of the central bank's policies. The annual inflation rate accelerated primary in Iraq to 7.1 percent in July from 6.4 percent in June, driven mainly by rising house rents. Issawi said he did not believe that inflation will rise, adding that it has increased in the past few months to more than six percent, though the central bank tried to change its policies to control it again. An official at the central bank said in June that it is not expected to exceed the annual inflation basic seven percent in 2011, because the economy has remained relatively stable with the stability of the flow of goods and the absence of any unexpected expenses governmental. In August, Iraq declared that it intends to re-evaluation of the dinar by deleting three zeros from the nominal value to facilitate financial transactions. Issawi said the central bank was prepared his study for submission to the government and that he hoped to complete it by 2013. The CBI began discussing re-evaluation of the dinar last year in order to facilitate financial transactions. Still, many transactions in Iraq are in cash because of the development of the banking system. The Iraqi dinar is trading in the auction at a fixed price at 1170 dinars to the dollar. Issawi also said he expected that the level of unemployment ranges between 15 and 23 percent this year.

Thanks Bud.

Again every time little stevei wants to post I will make sure that his members who read this on here are aware of the complete jerk he is. He claims to be christian and writes this to me. DV member excuse me, I just wanted to take time to always point out what STEVEI emailed me back on 07/20/2012. Since I know this donkey reads this board because he cant help himself and also I know a lot of members from PD read this as well. This is what this CHRISTIAN guy said to me via email when I questioned him on something. Go F*CK yourself a**hole. What a loser you are so you can eat sh*t and die. This is why this guy isn't worth anything. In fact, if there are any DV members that would like to help me out and you have an account with PD that you wouldnt mind having blocked or kicked out then I would love to forward you my email string and have you post it for me. He has blocked my IP address. But I am sure there is someone out there who wouldnt mind helping me out? I would love to expose this moron to some of his regular users for the donkey that he really is. Seetrader, since you have access to his site, please when you are there please let me know if he addresses my post in any way when you check it out over there. If you dont mind?

It doesnt matter what I said. But basically he closed down a topic on his board that was uneccesary and I called him a liar, (which is true) and that he was acting like a complete baby. Regardless, my point is that when he claims to be a stand up christian guy and responds like that it tells you all you need to know about the guy.

DV member excuse me, I just wanted to take time to always point out what STEVEI emailed me back on 07/20/2012. Since I know this donkey reads this board because he cant help himself and also I know a lot of members from PD read this as well. This is what this CHRISTIAN guy said to me via email when I questioned him on something. Go F*CK yourself a**hole. What a loser you are so you can eat sh*t and die. This is why this guy isn't worth anything. In fact, if there are any DV members that would like to help me out and you have an account with PD that you wouldnt mind having blocked or kicked out then I would love to forward you my email string and have you post it for me. He has blocked my IP address. But I am sure there is someone out there who wouldnt mind helping me out? I would love to expose this moron to some of his regular users for the donkey that he really is. Message me for more info.

Question is where can anyone verify or show that other countries do indeed hold dinar as reserves. Is there an article, paperwork or anything other then peoples opinions as to verify this fact? Regards.

* i wasnt

Yeah, CBS i was posting this to say I agreed with it. But just to post someone's opinion who you would think would be in the know. IF you dont mind,. where are the points that you would disagree with and why? Regards

I just read an article from you about emerging markets concerning Iraq. Obviously there is much speculation concerning the dinar in Iraq. Can you provide any insight into the dinar? to me Hi Paul: No, I don't think it's a good investment. There is no reason whatever to expect anything other than a very gradual appreciation. There is, however, supposed to be a redenomination, which will involve replace all the existing notes with new ones. Anyone holding dinar cash outside of Iraq is likely to have a difficult time physically delivering their old notes to an Iraqi bank to have them exchanged for new ones. Hope this helps. Mark Sent from my iPhone= I really appreciate the response. Supposing they do have a redenomination how does that work? Haven't other countries done that before. Since the current dinar is currently worth 1/10th of a penny (at an exchange rate of 1 dollar to 1186 IQD. If they were to issue new denoms I would assume those denoms would not be carrying the same inherent exchange rate? That would make the currency worth even less? Wouldn't they have to raise the exchange rate. Because if they come out with a new 1 dinar note. That note at the current exchange rate would be infinitely minor in value. So wouldn't that require on increase in the exchange value? Regards, M to me The exchange rate would change from 1186 old dinars = US$ 1 to 1.186 new dinars = US$ 1. So if you had 1,186 old dinars originally worth US$ 1, you would turn them in to get 1.186 new dinars, also worth US$ 1. The value of your holding in US$ terms wouldn’t change. The problem is going to be getting your old dinars to Iraq to exchange them for new ones. And after a year or two has elapsed, they will most likely be demonetized. Then they won’t be worth anything. Since there is no reason at all to expect a big revaluation, this “investment” has plenty of downside and no upside. to Mark Isn't that assuming they require you to exchange old for new? Are they able to come right out and pretty much say to speculators that the old dinar would be worthless unless they exchange them? What about other countries that hold dinar. Specifically in electronic form? Maybe I just am wrong there, but I would assume other countries hold some amount of dinar in reserves as payments from Iraq for projects and/or similar things? Secondly, that would mean the value of the lower denominations would be $1 to 1.186NID. They would not assign that value to old dinar as well? M to me Yes, typically the old currency gets demonetized after a certain period of time. Then it’s worthless. Of course this isn’t a problem for money in bank accounts, which presumably just gets converted automatically in the banks computer systems. But I don’t believe any other countries do hold the dinar as reserves. Payments to Iraq are pretty much all done in US$. Right. It would be $1 to 1.186 NID. But there’s no way this would be the rate for old dinar as well. I don’t even know if there would be a rate for old dinar. I think you might have to exchange them for new dinar before you could exchange them for dollars.

http://************.com/2012/08/14/cbi-defends-its-monetary-policy-and-the-dollar-auction-sale/ Defended the central bank policy followed by the previous years with regard to monetary policy used and the Central Bank auction. A statement of the bank that “monetary policy followed by the Central Bank since 2004 and until now, policy is very successful and led to a reduction in inflation from 50 percent to 5.8 percent and falling prices and stability.” He said that “After the low rates of inflation to the extent accepted by the bank to cancel all of these materials except for deposits of order seven days of the Iraqi dinar only to encourage banks to grant credit for industrial projects, agricultural and residential. “ She explained that “monetary policy was welcomed by the International Monetary Fund and praised it.” He said the bank in his demonstration that the “terms of sale dollar to the banks are a tool of monetary policy aimed at the withdrawal of liquidity from the market as is the case in which the majority of the world’s central banks. http://bit.ly/MtVTaN-************ What does this mean, withdrawal of liquidity? Share this: Tumblr More

There is no other name that men curse and abhor than the name of Jesus. Do we really think that a "man" named Vespian has caused that much vitriol and hatred towards him when he was a regular man? Ever ask yourself why Jesus and his name is hated so much? It is because deep down people know that it is the truth and they spend their lives fighting it and running from it. You can decide to do the same but its ok. God will wait for you longer than you can avoid him.

No one is asking you to believe. When you lay your head down at night, the truth is there. You may push it aside like clouds over your eyes. But deep in the recesses of your heart the God of Abraham and the Lord Jesus speaks and you can avoid it and bow to it. Peace to your brother, for I hope the truth does indeed find you again.

Tissues on sale at the wal-mart down the street..

The only true wisdom is in knowing you know nothing. Socrates You might be right, but the fact that you are asserting this as undeniable fact declares that you truly know nothing.

X-rays will prove to be a hoax." -- Lord Kelvin, president, Royal Society, 1895 "Radio has no future." -- Lord Kelvin "Heavier than air flying machines are impossible." -- Lord Kelvin "Flight by machines heavier than air is impractical and insignificant, if not utterly impossible." -- Simon Newcomb, Director, U.S. Naval Observatory, 1902 "Aerial flight is one of that class of problems with which man will never be able to cope." -- Simon Newcomb, 1903 All these things were "impossible". Just like a 100,000 % increase is. History has taught us one thing, that YOU as the collective term really know nothing. "Stocks have reached what looks like a permanently high plateau." -- Irving Fisher, Professor of Economics, Yale University, 1929

I sent an email to Steve asking why he shut down this particular link when someone asked a quesiton. That he was being a bit of a baby. Here is the response I got. and I quote, "Go f*** yourself a**hole! What a loser you are so you can just eat sh*t and die." Of course I have been banned, no skin off my back because I have numerous accounts there. But just wanted to show the classless stuff you are dealing with there.

Steve- as we all know you do read this forum like the rest of us. Which says all we need to know about you. As soon as you post you come over here and look to see what is being said about you. WHY??

oneremedy, guess your not a fan of the news... LOL All the guy does is post the news. Just keep your head in the sand, i've heard its cool in there.

Thanks keep.