jackster

And now I find this: A chat with Bondlady and campdav. campdav states verbatim what Eagle1 said. Either Eagle1 or campdav did a "cut-n-paste" on the other. It's in "BondLady taks about the forex article" [campdav] As you can see, the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. [campdav] Possible????????????? [bondLady] lord i have no idea about any of that stuff campy [therealbubbie] campdav is that for real !!! [campdav] therealbubbie Just got it off a skype chat [bondLady] but thats a bit high on what id think a iqd rate would be in usd [campdav] Agree [therealbubbie] campdav ty !! [campdav] Thursday night’s appearance on both the Frankfurt and Paris exchanges did more than raise some eyebrows. Delta’s first reaction was that this was a glitch in the FOREX computers, but the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. There was, however, a fascinating coincidence to the appearance of this item on FOREX (and if you believe that it was a coincidence, I’ve got a bridge for sale! GRIN!). On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM…. END And this from Eagle1 in DR: As you can see, the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. Thursday night’s appearance on both the Frankfurt and Paris exchanges did more than raise some eyebrows. Delta’s first reaction was that this was a glitch in the FOREX computers, but the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. There was, however, a fascinating coincidence to the appearance of this item on FOREX (and if you believe that it was a coincidence, I've got a bridge for sale! GRIN!). On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM.... END Who is taking credit for this intel? campdav or Eagle1? And it's the same verbatim. BTW, Bondlady is changing her possible window from July 15th to the 20th.

And he doesn't know what prostrate means. To put or throw flat with the face down, as in submission or adoration. That's face-DOWN. And Satan's foot was on his chest? How about a game of Twister?

Using your link I was able to get EUR/IQD in Frankfurt. EUR/IQD (EUR-IQD.F) -Frankfurt 1,522.4833 The 0.16 in the original post is not the exchange rate for the IQD against the Euro. Looks like the Eagle1 completely misread the conversion rate. Currently, 1 Euro = 1,404 IQD and 1 IQD = 0.00069 Euro Per Oanda website

I'm originally from Bedford. Attended L.D. Bell. Live near the mountains and ski almost every year.

Luigi, I found the complete article and posted it here: You'll need to scroll down to about the 9th reply.

Here's where the complete post can be found: You'll need to scroll down to about the 9th reply.

Here's the complete post: IQD DEVELOPMENTS: Good Morning, Family! The past 24 hours have brought about some extremely interesting developments. Friday Night a group of us gathered for a private discussion on these developments, including Mxxxxxxx , Zxxxxxxxxxx,, Inner Harmony, PAPPA-J, Rxxx Pxxxx and myself. I'm posting this as a summary of our discussion at their recommendation. Thursday at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt Exchange, and shortly thereafter on the Paris Exchange. For reasons explained otherwise, it did not appear on Citibank’s FOREX site in the U.S., and that may be because the USD was not referenced in this announcement. The actual exchange looked like this: EUR/IQD (EUR-IQD.F)-Frankfurt 0.16 1,555.5270 (99.9900%) Jul 12 Add to Portfolio. Prev Close: 1,474.7684 Open: N/A Bid: N/A Ask: N/A Day's Range: N/A - N/A 52wk Range: 1,436.6387 - 1,678.8651 ..Compare Brokers EUR-IQD.F EUR/IQD 0.16 Currencies FRA EURIQD=X EUR/IQD 1,418.05 Currencies CCY .... Read More Link on Right As you can see, the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. Thursday night’s appearance on both the Frankfurt and Paris exchanges did more than raise some eyebrows. Delta’s first reaction was that this was a glitch in the FOREX computers, but the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. There was, however, a fascinating coincidence to the appearance of this item on FOREX (and if you believe that it was a coincidence, I've got a bridge for sale! GRIN!). On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM.... In a previous post, I’ve noted that there has been some ongoing discussion regarding an effort by the U.S. Fed to push the USD to some specific target value against the so-called “basket of currencies” (by which the USD is measured). There’s been a fair amount of speculation among our analysts as to just what that target might be. Because the IQD (at the program rate of 1166/Dollar) has generally been valued at $.000855 (or thereabouts), the speculation has been that the target value of the USD against the basket of currencies was likely about $.86. The Dollar has for many months ranged between $.79 and $.82, hitting a high roughly a year ago of $.8250. At the close of the exchanges Thursday night, the USD was at $.8378 against the basket of currencies – the highest we’ve seen in years. Friday morning, the following headline appeared on Citibank’s New York FOREX exchange under a byline by Michael Boutros: US Dollar Index Reaches 10,070 Objective- Consolidation Ahead. Because we’ve been using the traditional basket of currencies against which the USD’s value is established worldwide, it never occurred to us that the Fed’s objective (along with all of the other central banks) was predicated on a measurement of a much larger (worldwide?) basket. What this headline (and the attendant article) is telling us is that the target valuation for the USD has been reached – a rate which currencies worldwide can use as a baseline, and a rate which makes the upcoming IQD RV (as well as a group of other currency revaluations) desirable. Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits. Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate. This would seem to indicate that the target rate for the IQD is $7.62. (I would highly caution all of you to consider this figure with a lot of question marks. For all practical purposes it doubles Frank's $3.86 projection.) Does that mean that Dr. Shabibi will make his announcement with the IQD coming out all at once at this 7.62 rate? For those of us who have analyzed this piece of information, it would seem like that would cause a shock in many economies, and that a gradual increase over a six-to-twelve month (or even an 18-month) span in 90-day increments, the first being at Ernst & Young’s suggested $1.30 rate being the more logical and probable. I don’t have that answer – YET! What I do know is that the wheels are turning and Shabibi’s announcement is imminent. If we get anything like $7.62 at the outset, you’ll have to cover your ears to protect your hearing from the deafening roar of excitement! Lastly, there’s been more than a little scuttle about both Shabibi and Maliki (the PM) awaiting the return of Talabani, Iraq’s President, and affording him the honor of making the announcement. Friday’s news indicates that Talabani will be back in one week, and that he has been recuperating from back surgery. Frank's mention of July 23rd as a highly possible date sits well with all of us. Finally, the last item in our discussion was a phone call I received late yesterday morning from a longtime friend who has retired from the RCMP and served as the equivalent head of Canada's Secret Service (Sorry, but I don't remember what they call this particular division of the RCMP). This gentleman is not given to dreams or visions, and is very fact-oriented and takes a sober, businesslike approach to things. He also happens to be an investor in IQD. He was awakened Friday morning out of a dream that gripped him with its significance. In this dream he saw Satan standing over a prostrated man with his foot on his chest. As he began to take a closer look, he said that the chest was literally covered with and/or made up of Dinar. As he continued to survey the situation, he saw our current WH administration standing by smiling broadly. At the same time he heard the voice of God speak and say, "That's enough! Take your foot off now!" Satan was forced to take his foot off and the man arose. The implication was clear. However Satan has been restricting things, whatever means he has used to block this release, God has freed things. That’s where we are, folks. Inch by inch by inch by inch we’ve been getting there. I remind you once again of the prophetic word that Kim Clement gave last year: NOTHING! NOTHING! NOTHING! and then SUDDENLY! Blessings on you. Eagle1

1166 and .00086? Let's look at those numbers. US$1.00 = 1164.58 IQD. Recently, it had been around 1165.XX or round up to 1166. Also, 1 IQD = US$0.00086. This is what he calls the Nominal Value? Definition: The nominal value of a good is its value in terms of money. The real value is its value in terms of some other good, service, or bundle of goods. The two numbers he uses is what $1.00 is equal to in Iraqi Dinar and the other what 1 Iraqi Dinar equals in US Dollars. I would use think about moving the decimal point by 3 places instead of saying "removing 3 zeros". I say this to give another way to think about it for some people. After the removal of 3 zeros, 1 IQD will equal US$0.86. Which is almost one dollar.

No prob. Here's the first post I found

This has posted twice already. It's completely false. Frankfurt already has an Iraqi Consulate and Paris has an Iraqi Embassy. France and Iraq renewed relations back in 2003. The IQD is not trading in Paris nor Germany. I checked.

I already investigated that post. It's completely false. I 'd like to see the website where the IQD is being exchanged.

First, the rate will be the same around the globe. I looked up Forex exchanges in Frankfurt and Paris. Found worldexecutive for Frankfurt and exchangerate for Paris. IQD is NOT listed. Checked the Paris stock exchange. No IQD. Opening an embassy? They already have a consulate in Frankfurt, so don't need an embassy. An embassy is located in Paris already. Address: 53, rue de la Faisanderie, Paris, France, 75016 France resumed relations with Iraq in 2003. This posting at best is outdated. If it is being pushed as current news, then I would say that the contributor has an agenda. If certain points are false, then more than likely the rest is false. Also, "Forward Rate Agreement"? It is NOT also known as "Fixed Rate Agreement". Another falsehood. Definition of 'Forward Rate Agreement - FRA' An over-the-counter contract between parties that determines the rate of interest, or the currency exchange rate, to be paid or received on an obligation beginning at a future start date. The contract will determine the rates to be used along with the termination date and notional value. On this type of agreement, it is only the differential that is paid on the notional amount of the contract. Also known as a "future rate agreement". Typically, for agreements dealing with interest rates, the parties to the contract will exchange a fixed rate for a variable one. The party paying the fixed rate is usually referred to as the borrower, while the party receiving the fixed rate is referred to as the lender. For a basic example, assume Company A enters into an FRA with Company B in which Company A will receive a fixed rate of 5% for one year on a principal of $1 million in three years. In return, Company B will receive the one-year LIBOR rate, determined in three years' time, on the principal amount. The agreement will be settled in cash in three years. If, after three years' time, the LIBOR is at 5.5%, the settlement to the agreement will require that Company A pay Company B. This is because the LIBOR is higher than the fixed rate. Mathematically, $1 million at 5% generates $50,000 of interest for Company A while $1 million at 5.5% generates $55,000 in interest for Company B. Ignoring present values, the net difference between the two amounts is $5,000, which is paid to Company B. I like the part where he says "I don't have the answer...YET!" Get the facts right first.

Ramadan, the holy month of Muslims and the ninth month of Islamic calendar is the month of fasting for the Muslims. Ramadan is said to be the month of Allah. Fasting is supposed to be one of the five pillars (duties) of Islam, which a Muslim should follow. Ramadan involves fasting during the daytime, saying no to food, drink, smoking and sexual activities. The importance of fasting during Ramadan is clearly known to the Muslims as it is said that: He who fasts during Ramadan with faith and seeks his reward from Allah will have his past sins forgiven; he who prays during the night in Ramadan with faith and seeks his reward from Allah will have his past sins forgiven; and he who passes Lailat al Qadr in prayer with faith and seeks his reward from Allah will have his past sins forgiven. Muslims also have to Abide certain rules and regulations associated with Ramadan. During Ramadan Muslims follow certain conditions, which are said to be Ramadan rules and regulations; some of them are given below: Ramadan Duration - Ramadan starts with the sighting of the crescent moon (hilal) and last for a period of one month. When the hilal is visible again at the end of the month, it is the time to celebrate Eid-Ul-Fitr (break the fast). Ramadan Routine - During Ramadan Muslims have meal twice a day. One before the sunrise and one after the sunset. The meal before sunrise is called the suhoor meal and the meal after the sunset is called the Iftar meal. Muslims fast during the daytime. During Ramadan Muslims spend most of their time in remembering Allah by reciting Ramadan Dua and visiting mosque. Apart from the five daily prayers they also recite Taraweeh prayer, and on Lailatul Qadr, also called as the night of power, when Muslims spend their entire night praying to Allah. And that is Ramadan. It does not affect their daily life. There are no special festivities or events. Life goes on as usual. Business will be conducted as usual. This is not a holiday like Thanksgiving or Christmas. So, something huge CAN happen during Ramadan.

The CBI will adjust the value of their currency. The IQD will revalue from US$0.00086 to US$0.86. This will be very close to the 1:1 that many are predicting. Another 16% increase in value would make it 1:1. It will take years after that for the IQD to reach $3.00. Are you from Dallas proper or a suburb?

Apparently, there are those that believe that when the 3 zeros are removed, that the exchange rate will remain the same. I don't know where they get this. Currently 1IQD equals US$0.00086. After the RD, the 1000 IQD will be traded in for New 1 IQD. However, the exchange rate will remain New 1 IQD equals US$0.00086. This seems to be what some Pro-RVers believe will happen. People are making posts in here that seem to make that conclusion. I'm asking them questions to have them clarify their statements. One statement they make is "how is Iraq going to pay their debts if they remove 3 zeros?" If the exchange rate doesn't change along with the removal of 3 zeros, then they have a good question. However, I think we agree that just like the currency will move the decimal place 3 points, they will also move the exchange rate 3 decimal points. I think people believe the currency will change, but not the exchange rate. That's why I addressed the "complete LOP" where everyone, including inside Iraq, loses. If both currency and exchange rate move 3 decimal points, then everyone holding Dinar outside of Iraq loses on the 1000x potential profit, but the person in Iraq will experience nothing. If a Dinarian in DV holds 1 million IQD which is worth $860 (paid $1080-$1200), then RDs to 1000 IQD, but the IQD remains at US$0.00086, then their 1 million IQD becomes 1000 IQD equal to 86 cents. It's amazing that anyone could believe that a currency could revalue this way. But if people believe that $1 will become $1000 overnight, then why couldn't $1000 become $1 overnight? Yes, an RD with proportional exchange rate adjustment is the correct conclusion.

What about the Iraqi people that turn in their 25K notes? They turn in a 25K note to the bank. What is the bank going to give them in exchange for that note? The banks deal mainly with dinar. If you go to the bank with a $100 bill, the teller asks you what denominations you want that in. Twenties? Tens? Fives? Ones? Coins? In whatever way you want it. So, the average Iraqi goes to the bank to turn in their 25K. They are not doing foreign exchange. It's dinar for dinar. Are they getting 25 IQD notes? One thousand of 25 IQD notes for that one 25K note?

webup, I was not being sarcastic. Sarcasm is "a sharp, bitter, or cutting expression or remark; a bitter jibe or taunt", usually conveyed through irony or understatement. In my business, I am learning that's not "Location, location, location!", but rather "Motivation, motivation, motivation!" Instead to trying to convince people what "I think" is the best road, I let them choose from the options I have presented them. The options show both sides. They're motivated to do what they want to do, not what I want them to do. The IQD is called a speculative investment with huge high-end potential. The danger is that someone would mortgage their house or empty their savings account to buy in. Their options should be laid out before them. One option is to set aside a pre-determined amount after each paycheck for the buying of more IQD. Just like someone adds to their 401k. What is the outlook for the IQD these days? A complete LOP? Should sell now with minimal losses. An RD with an exchange rate of US$0.86? Do not sell nor buy. Hold. An RD with an exchange rate of Saddam era dinar $3? Do not sell, but buy in safe amounts. An RV of $1-$3 without an RD? BUY! Buy in any amount you feel comfortable with. And up to amounts that put your future at risk if it does not RV. The reward could be monumental. Tripp, people have attacked me for debating what certain gurus have stated. I have been negged for posting my math on the IQD. I cut and paste an article from a reputable source and I'm told that I can't think for myself. You have stated that you hate the "negativity" from people that dispute the RV. People can definitely talk in here. What about their actions. Do we act on what we're saying? Some are selling their IQD. Either all of it or a portion. Those that sell it all no longer believe in the IQD. Those that are selling a portion need the cash. Those that are selling a portion are keeping the rest for just in case this thing RVs. Others are neither buying nor selling. They've spent all that they want and are not 100% convinced of a huge RV. They've risked enough and might even wonder if they might have a good decision in the first place. The last group. Very confident of the RV. They'll make millions. Their IRA and 401K contributions should be diverted to buying IQD. And as much as they can afford. Gold went from $400 in 2003 to $1800 in 2011. If people believed that gold was a good investment, they would have been buying it every month, adding to their portfolio. Now, they should be selling their gold. The IQD is suppose to RV. Those that believe it will should be buying it every month adding to their portfolio. When do you plan to make your next IQD purchase?

That's only US$147,920,000. Plus, how much do they save in lost funds or revenue if they keep the present currency. Chump change for a government

You just said "that's the whole point", but I missed what point you're talking about in my post. We're talking about removing 3 zeros. TAV says they can not do it. I say they can. My position is IF they go ahead with removing 3 zeros, the exchange rate will also change proportionally. 1000 IQD becomes 1 IQD. 1 IQD now equals US$0.00086, then will equal US$0.86. If they do not alter the exchange rate by 3 decimal places at the same they change the currency by 3 decimal places, then the currency you now hold will become worthless and Iraq's government and banking system will lose all credibility. I think we all agree on the credibility issue. It seems that we do not agree on the part about the exchange rate changing with the removal of 3 zeros.

Right now 1,000 IQD will exchange for US$0.86. After removing 3 zeros 1 IQD will exchange for US$0.86, not US$0.00086. The exchange will change when they remove 3 zeros. If they did not change the exchange rate from US$0.00086 to US$0.86, then you are absolutely right. Someone posted an article about how Saddam's Iraq made all dinar outside of Iraq worthless. If the government and bank of Iraq remove 3 zeros and do not change the rate to accomodate that change, every 1 million IQD that every holds that is currently worth $860 will be worth US$0.86.

You and Sansy should rub our noses in your victory by purchasing 10 million more IQD. If you're so sure about the IQD RVing 1:1, then show us and everyone else that you believe in this magical RV. Don't sell your dinar. Buy more of it. 10 million each.

Definition of 'Time Value of Money - TVM' The idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. Also referred to as "present discounted value". Investopedia explains 'Time Value of Money - TVM' Everyone knows that money deposited in a savings account will earn interest. Because of this universal fact, we would prefer to receive money today rather than the same amount in the future. For example, assuming a 5% interest rate, $100 invested today will be worth $105 in one year ($100 multiplied by 1.05). Conversely, $100 received one year from now is only worth $95.24 today ($100 divided by 1.05), assuming a 5% interest rate. The problem with your explanation is that the $1 has the same purchasing power of the $100. Prices for goods and services would also lose 2 zeros. Nothing changes, except there are 2 fewer zeros to deal with.

We've asked for a debate between Jagerson and anyone from this forum. No takers. You actually stand to lose a couple of million dollars of 'potential' profit.

Yes, you have the right to remain silent. But do you have the power to remain silent? Yes, you did. The rate of the old currency will be US$0.00086. The rate on the new currency will be US$0.86. Old currency 1000 IQD equals new currency 1 IQD. I did not suggest that you sell your dinar. Hold on to it. According to many in here, people are trying to scare speculators to sell their dinar. Perhaps they know something. That the dinar will RV soon. And they're trying to buy up all of the dinar. I suggest that people buy more before this thing RVs. People are saying September and at the latest, December. The cashier is buying hers as fast as she can. No, dinarck is not in the Wal-Mart crowd. No. We really don't care. You've already spent your money. I think you should buy more. That would be the smart move. Keep it. Seriously. When it does RV, you'll have your million of dollars.

The silence must mean that the Pro-Rvers agree with Jagerson's statements. No negs? Nothing?