dvforumuser

But my point was that any long term appreciation of the dinar is independent (just financially speaking) of whether they RD or do not RD. The RD is revenue neutral. Long term appreciation is about the value of the money supply (not changed by an RD) versus their GDP. If they RD there may be additional logistical issues, like how long will the current IQD be exchangeable and will it be exchangeable anywhere other than dealers with their big margins. But ignoring those potential logistical issues (which migh be serious) if the new-dinar appreciates over that ten year period, so will the IQD since the rate between the two is locked. Of course long term appreciation is by no means certain.So is it the logistical issues you are concerned about? Or is there some other reason you think an RD would inhibit long term appreciation of the (new) dinar?

If GDP (mostly oil exports) grows faster than inflation then certainly its possible they will make up the difference by raising the exchange rate. But, would think that will occur whether they RD or not.

So now I'm not just confined to LOP Talk but am on mod review. I guess if I was "selling the RV" I wouldn't want me here either.

Wow, this article has certainly gotten the GO-RV crowd excited! Exactly. The have "postponed" the RD. I don't see why, but an RD has always just been a connivence for Iraq. Its important for dinar investors as once it kicks in it makes an RV obviously impossible (for those that do not seem to understand that from just the basic economics). The idea that they must either RD or RV is a false dichotomy. They do not have to do anything. Their economy is working with modest inflation and good growth. Eventually they certainly will do an RD but there is no particular hurry. Its too bad for the GO-RV'ers since now they can continue in their fantasy. Maybe the schedule will change again after Shabibi addresses parliament.

I don't know that is the post that resulted in my confinement, but it does seem likely. Thanks for the comment. Thanks!

Thanks. Given that my profile now shows my group as "lopster" instead of "member", I don't think logout/in is going to help! (but thanks for the thought! )

Why? Do most of the things you talk about with folks involve active investments for you? I would presume not. I'd guess like most everyone its just a wide range of stuff you are interested in. What is it about the dinar investment that makes you (and many others) exclude it from this general rule? I find the whole thing an interesting phenomenon.

No message as to why, or even that it was done. I just noticed everywhere except LOP Talk I no longer have permission to reply, or post or start new topics etc. I don't think I've been particularly controversial in my posts, or at least no more so now then when I singed up a couple of months ago. I did post a correction to the definition of an RD from Adam's chat this morning. Oh well, I guess you don't get to find these things out. It is the prerogative of the sites owners, so such is life. In any case, not being able to actively participate here, I likely won't be here much from now on. But, will still try and drop by now and then. Oh well.

What makes you so afraid of hearing anything other than a go-RV viewpoint that you resort to this sort of nonsense? I'm not responsible for your limited imagination. I am in front of a computer a lot (I'm a programmer) so its easy to take a quick look. I was in it for about 11 months, and no I am certain I made a good choice by getting out when I did. The only better choice would have been to not get in, but back then the Koolaid tasted soooo good.

I think this is missing a rather key point. A ReDenomination ALWAYS involves the issuing of a new and distinct currency with its own exchange rate and symbol. It is most emphatically not the addition of lower denominations into the existing currency. The old and new currencies have a fixed exchange rate between each other. Often though not always, that is 1000:1 . Both new and old rates can continue to go up or down together relative to other currencies. If this occurs in Iraq (as I think it will) that would mean a new-dinar 25 would be exchanged for an IQD 25,000 . As far as I know a LOP is exactly an RD, and thus so is a bunny ear if its the same as a LOP. I never have heard where the term "bunny ear" comes from, does anyone know?

There are only two ways currency exchange rates are set. 1 by the central bank pegging it to a particular value as Iraq is doing, or 2 it being freely traded and hence its value is set by whatever traders, banks, etc will pay for it as occurs with the USD. If Iraq continues to peg then they have to have the foreign exchange to back it up, which they do now with a little to spare, so no way can they increase its exchange rate more than that little bit. If they let it float, then they don't get to set the rate and it might well go down and at least might fluctuate quite a bit which is very bad for their economy. Except for oil, you pay for goods in the currency of origin, so Iraq first has to exchange dinars for Euros or Dollars or Yen etc. But the only thing those other countries want to buy from Iraq is oil, which is paid for in dollars not dinars. Basically they need to run their economy (and the national budget) from the money coming in from oil and having dinars be worth more does not change that.

Then instead of merely asserting that what you say is true, you should be able to easily make a good case for it, but you have not even attempted to do so. All you did was compare Obama to Hitler, and NO ONE when reading that was thinking "oh that must be a reference to some similarity of pre-war political agenda". So my criticism of your rhetoric remains valid even IF your assertion above is true, which is doubtful in the extreme.

I was invested, I am not anymore. I still find the topic, the whole myth mechanism and thinking, interesting. e.g.: Why is it that when someone disagrees with you, your reaction is to question their motives for participating in the discussion?

Rather a safe prediction given that the RV is a myth in the first place.

"make them feel bad"? Did you read the post of mine you quoted? I specifically said I was just curios and not trying to give them a hard time. Real estate is quite different where ever sale is different, here dinars are dinars are dinars. So I found it a bit surprising that they have managed to buy so low, that's all. No big deal. Thanks for the info Mike. (I sold all mine for an average of about $1010/M net after figuring in shipping, paypal & ebay fees etc).

It isn't Obama, or the bankers, or the Rothschilds, or Malaki, or any government that are putting one over on you, its the dealers and pumpers that started and propagate the RV myth in the first place. No grand conspiracy theories are needed to explain why the global currency reset including the Iraqi RV has not occurred, as they are inventions to get us to buy something for more than it is worth and will never occur!!

So you're not even matching the CBI rate, let alone the dealer rate (850-900) let alone the e-bay, or dinarvets common rate of $1000/M. Why would you expect anyone to take you up on $800/M given the available alternatives? (just curious, not trying to give you a hard time).

Oh good grief. If you don't like Obama's policies of course you are free to express your views. But calling him a "mini-Hitler"? Either you are totally ignorant of history or just don't care at all about facts, or both. This sort of rhetoric only obscures facts, makes honest debate even harder and promotes factionalism.

So interacting with you is by your own definition a waste of time? Thanks for letting me know.By the way I am not here following the investment. That one can do at CBI.IQ . I'm here following and interacting with the investors. Most people posting on internet forums do so merely from an interest in the subject. Somehow you seem to think for subjects related to the dinar that idea must be false. I think my posting level has dropped since I sold my last dinar, but my interest in the subject remains, this I find it interesting to chat with folks about it.

I would expect official announcements with pictures of the bills and clear (at least in Arabic) explanations of exactly how it will occur (just like has occurred elsewhere) before the new currency is actually available. And I'm not saying you meant them to be simultaneous, but only that the more certain the RD becomes in the minds of investors, the lower the price of dinars will go, down to the base CBI exchange rate.So I would expect a big drop and lots of selling when the RD is formally announced (they claim in Sept) despite the new currency not being available yet. Even if they RV up 16% or 20% or so during the co-exixtence period, such that the new-dinar will be at $1 even, or a little above, it is unlikely that you will actually get that in exchange. Though you can get the equivalent now (i.e. 1000 IQD per $1 USD). If no RV occurs at all so the new-dinar is at 0.86 USD, then you'll only be able to get that minus the spread. The spread for the new-dinar, presumably available from major banks at this point, might not be that big. But IQD might still only be exchangable at dealers where the spread, at least in the past, has been huge. So you have to weight the odds of those events (and, if you think it possible a larger let alone huge RV) with their outcome, to see if you want to stay. My analysis was RD: certain RV to put new-dinar at $1 USD (i.e. todays IQD rate of $1000/M), unlikley RV enough over $1 to allow me to get at least $1.20 (i.e. break even) very very unlikely thus I sold out now at $1000/M IQD despite having bought at $1200/M .

Just go to cbi.iq . As long as the CBI's figures on the money supply and reserves are anywhere close to reality that is plenty close enough to be sure that a 0.10 or greater RV can not occur. Maybe instead of $60B in reserves they have $120B, but $6T let alone $60T? Not a chance. Likewise maybe M2 is only 50T dinar instead of 72T dinar as they say, or maybe its only 20T dinar, but is it only 60B dinar? No way. Iraq's money supply is so big and their reserves so small that we don't have to know those numbers particularly accurately to know a huge RV (e.g. a 100x or 10,000% RV to 0.10 or greater) can not occur.

Exactly. The article is talking about the RD happening in 2013. In Sept it will be formally announced with the bills shown and the formal education campaign (as opposed to all these articles) will commence so come Jan the Iraqi's will know whats what wrt the new currency. So no the RV won't be delayed as just won't happen at all.

All of my dinars have been sold.

You're not actually considering the possibility that this BS is correct are you? .... edit: I see you have already responded that you were just joking. good! They have no intel as there IS no intel There is just the group at the CBI that makes such decisions, and everyone else. No one gets a heads-up on an upcoming rate change. There is no back room computer work that has to go on to accept a new rate, nor any global rate system in the first place. Exchange rates flow around the world just like prices on gold or apples.

Right, this is just what the sort of thing the Dinar dealers want to be circulating. A global currency reset, that was supposed to be kept secret, yea that makes sense. WIth all the people that would have to know about it, secrecy would be impossible. Basing this new world currency on a currency from a war torn country with ~$70B in total reserves and a GDP of maybe ~$100B, yea that also makes no sense at all. And the kicker, Bill Gates providing the secret back door, but the white hats riding to the rescue! What a farce! New rates would not require new software and all banks do not run the same software. The whole idea of a "back door" in this context makes no sense, and I say this from the experience of being systems programmer for 37 years. This shouldn't even be in the rumors section, but the pure fantasy section along with Amazon Women on the Moon (I hear they use dinars there too!!).