Tripphood

I could profit nicely for a penny.

I've been living in dismal mode on these dinar forums for years now why would I want to look back in the past that I've already lived? I'm looking forward to a bright future, probably not an overnight RV but I could care less as long as this currency starts floating in the right direction. I could care less about the workings of Iraq. I've already earned some payday because I've endured this fricking roller coaster ride for far too long. Bring it on!!!!!

So they are encouraging, Out with the old and In with the new, it's for your own good.

Wow, this man is a psycho. Why can't the people of Iraq see it. I think MALIKI believes that the people are stupid and blind to his tricks. I think he is now hoping to make amends and look like a good guy and then when the people have the wool securely pulled over theiir eyes he will pounce.....again. Someone give him a high speed implant already!

NO. I believe that there will be a float and it will start anyday.

Wow machine you did good! Well I can say that sterling currency is buying back the 50 notes for a 1:1 exchange for 5,000 10,000 and 25,000 notes only.

I believed that racism was practically non exsistant compared to what I saw in my young life what with busing in the school system and other public opinions. I'm talking early 60's.....I think that racism has reared its ugly head once again and is now worse than I've ever seen it and I believe the Obama is 100 percent responsible along with his cronies. That said, The Bible speaks of race wars in the last days and believe that Obama has been a tool of the enemy to achieve it. The best thing we can do is to not allow ourselves to partake.

I'm ashamed of myself for even reading this after a mention of "tony". I call BS.

I typed this at work in a hurry and wow, did I butcher my interpretation......oh well, it doesn't pay to be in a hurry.

From what I'm understanding, not that anyone cares .... Once they move to a free market economy the dinar will start to rise in value via a float and slowly the large notes will be traded in or cashed out at whatever value someone is willing to take and when the need arises they will start releaseing the new lower denominations and the process is to take two years to draw large notes out of the market. Wouldn't that be great!

There have been good economic reports coming out about the VND as of late stating the EU may recognize VN as market economy. It sounds positive anyways..... I'd take .1 to .5 right now.

That would be nice Yota.

Phtphtphtphtpht......TNT Tony, give me a break.

You don't know that. Who side are you on anyways? You must own Dinar or you wouldn't be Platinum VIP. Oh well. I'm hoping for the best right to the bitter end. I was looking for helpful responses.

Gotta admit I'm freaking a bit. What if we are not allowed to exchange our large 3 zero notes for lower denom?

Just because some site puts "guru" in front of someone's name doesn't mean that they are all cut from the same cloth. I have you know that Enorrste knows his stuff. Just Sayin....I know first hand. Unless you go where he hangs out and have read all he's had to say over the years then you are the one who has no clue. I just got done saying something like this myself and tried to plus you and accidentally negged you! I'm so sorry!!!!!!,

Justice!

Ha ha, I'm with you George but I have to make the correction that I only shared this from a friend who hangs out elsewhere. His name is Ennorste and he is very knowledgable. Glad you liked!

Agreed but timing is everything. Maybe the time is now!

Here is a good explanation of what all of this means....thanks to Ennorste. First, a brief quote from the article: “Governor of the Central Bank, explained that "It is not true that the central stays busy selling the currency like ATM daily", stressing that "the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it." Second, a repeat of the definition of foreign remittances: Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies. Now, what does is all mean? The CBI is stopping the auctions, effective tomorrow morning. This is a fact. We know that the auctions were the primary monetary tool that the CBI used to hold the exchange rate on the street within 2% of the official CBI rate for the dinar. With the Parliament intervening with Article 50 in the new budget, the CBI became hamstrung. First, they said they would go to court to overturn this illegal intervention in their ability to perform their proper function. After consideration, however, they decided to move up the plan to move toward a freely floating currency and entrance into Article 8 of the IMF charter. I personally suspect that eliminating the auctions entirely was always a part of the CBI plan. The Parliamentary intrusion, however, has forced them, apparently, to move up the plan somewhat. I see this as a very good thing for us. Moving from currency auctions run by the CBI to allowing foreign remittances at the bank level is nothing short of huge. Why do I say that? Simply this: foreign remittances only work when the sale and purchase is between “freely convertible foreign currencies” as the definition above states. The term “freely convertible foreign currencies” . From Wiki: “Freely convertible currencies have immediate value on the foreign exchange market, and few restrictions on the manner and amount that can be traded for another currency. Free convertibility is a major feature of a hard currency.” From this definition we see that the dinar will be moving to the foreign exchange market and that it will be seeking to become a “hard currency.” This, folks, is the true impact of this article. The dinar is about to become internationally recognized, tomorrow. It is just that simple. Now, the question arises: will they also move to a float, or will they keep the dinar locked into the dollar at 1166 to 1? There is nothing in and of itself that will require the CBI to move to a float tomorrow, or even in two or three weeks. However, over the long run, not allowing the dinar to float will have serious inflationary pressure come to bear on the economy of Iraq. Here is a statement from a research study on this very matter. This study had to do with Bangladesh: "Applying Vector Autoregressive (VAR) techniques, the empirical results find that a one percent increase in remittances inflows increases inflation rate by 2.48 percent in the long run, whereas no significant relationship is evident between these two variables in the short-run in Bangladesh." From another study I give this summary quotation: “The analysis considers yearly and quarterly data for seven Latin American countries. Our theoretical model predicts that remittances should be inflationary and generate an increase in the domestic money supply under a fixed regime but deflationary and generate no change in the money supply under a flexible regime. These differences are borne out in the data.” We see, therefore, that it will not be in the interest of the CBI to stay under the fixed rate regime. Iraq is very leary of increases in the inflation rate. Therefore, I predict that they will change their exchange rate regime to a flexible regime (float). The result, as I have already stated in numerous posts, and as is born out in this quote just above, is that there will be “deflationary pressure” in Iraq rather than inflation in Iraq once they move to the float. The reasons for this are simple to enumerate. First, Iraq has none of the problems of Bangladesh, Ukraine, or the other countries that have left a fixed rate regime for a floating currency. For instance, Iraq has enormous reserves in relation to the total outstanding money supply (over 150% coverage at this time). Second, Iraq does not have an inflation problem (in spite of articles that confuse “inflation” with a “weak dinar”). Third, Iraq has enormous natural resources. Fourth, Iraq is the “wild west” in terms of investment opportunity from abroad. All of these forces will ensure that the dinar value rises rather than falls. The rise in the value of the dinar means that imports will become less expensive for local Iraqis. Iraq imports most of its goods and services at this time. Therefore, with lower import prices Iraq will have lower prices overall, or deflation. This is consistent with what I have taught for some time now and is also consistent with the summary of research in Latin America mentioned just above. To summarize: the auctions are ending, being replaced with foreign remittances. Foreign remittances are only possible with a freely convertible currency. A freely convertible currency is one that is internationally recognized. In order for this to work, the CBI will have to move from a fixed rate regime to a floating currency or suffer from inflation. Therefore, I predict that they will do so sooner rather than later. I predict within the next 15 to 45 days, consistent with my earlier prediction of 30 to 60 days. I hope you have all made a drink!

Bump This article is great news and could bring what we are looking for. Thanks Easy.

As of today there will be no more auctions.

I have no ads except for the. Rey bottom of the screen. ??

Hate to be a downer but I just don't see anything happening Sunday. There are a lot of problems in Iraq. In fighting, MALIKI, ISIS, no stability, a whole bunch of laws still need to be passed, etc., etc...........