DaveD

If he would have told the truth... it wouldn't have been good for sales. He kept the low denomination hope alive. He makes a mint selling those things. He also talks about the plans he has to help people out when the redenomination takes place. He also talks about how the price will drop because so many people wil be trying to get out at the same time. I predicted this years ago. If dealers have a way to get the dinar back into Iraq they will simply go into reverse mode when the dinar redenominates. They will start buying it back... but I bet the buy back price will drop to about 4 or 5 hundred per million. Maybe even lower for those so so valuable lower denominations. the same excuse they give now for charging so much for them... more bulk, added shipping and handling... those same reasons will be used to only about $300 per million for those. Those who fell for the low denom pitch will suffer the biggest losses. His whole demeanor and tone of voice… sounds like someone killed his cat, so to speak.

No... I would not expect them to come out and say that. Countries lie about and hide 1% increases, so I know very well they woud never openly discusss a 100,000% rv. But the internet is full of so called gurus saying exactly that. They have claimed for years that the redenomination/delete 3 zero plan is in fact a big RV.

He has the same initials that I have.

Father of Dinar has finally come out and admitted that Iraq is saying they will redenominate and that a redenomination is bad, it is not a RV. A 25k note will become a 25 note. He hasn’t come totally clean though. He claims the lower denoms might not get redenominated and they may get the new value. I’m guessing that’s because he sells low denominations for about $2000 per million. Believe me… a redenomination will effect ALL notes. Every redenomination in history has replaced all notes.

Doesn't anyone think it's a bit odd that a currency that is surely to RV at 100,000% or more any day now... that it continues to sink in value.

Kuwait is buying dinar? Where did this info come from?

$400 for something worth $85

What does the exchange rate have to do with it being internationally traded? The Italian Lira traded at 1500:1 for years before they joined the Euro. Why does it have to do something? It has been basically where it is for 8 years now. Did you ask this someone how they invested in Kuwaiti dinar? They would have had to be in Kuwait or a neighboring country and found someone with cash in hand. The Kuwait central bank nor any other bank in Kuwait ever issued one single dinar at a rate less than the official rate of over $3 LOL… can you supply the contact info for me to buy through the Fed Reserve? Doesn’t exist. It’s a made up lie by pumpers who finally had to stop pushing the 13303 lie once enough people exposed it. The dinar is not a scam. It is a legitimate currency. What is a scam selling it with the possibility that it will RV at any substantial amount. It’s a pure fantasy and will never happen.

Here is something constructive. Here is a link from the Fed Reserve. http://www.federalreserve.gov/releases/H6/Current/ It shows latest M1 2.2 Trillion and latest M2 is 9.8 Trillion Here is the link from the Iraq Central Bank. http://www.cbi.iq/documents/key%20financial.xls It shows Iraq’s latest M1 is 60.3 Trillion and M2 is 70.4 Trillion So according to each central bank Iraq has 27.4 times more M1 and 7.2 times more M2 than the United States… This is while the United States has a 15 Trillion dollar GDP and Iraq has a 100 Billion dollar GDP. That’s a 150 times larger economy with 7 to 27 times less currency. If that sounds bad for a big RV… and it should… it actually gets much worse. 80 to 90 percent of Iraq’s GDP is oil sales which is dollar denominated. The Iraqi economy that generates demand for dinar is only about 10 to 20 billion a year. That’s pathetic to say the least.

Constructive... like making up some fantasy numbers with nothing to back them up? I'll get right on that.

No link and no proof.... sounds like something dinar holders will state over and over as fact from now on. I searched the internet for something like this and nothig showed up. Well... two things did. One was some guy claiming the US was really 200 trillion in debt, not the 14 advertised. The other was some guy talking about US total assets being 200 trillion. Neithier of these have anything to do with currency in circulation.

Ok… let’s look at history. There have been about 100 redenominations in the last 40 or 50 years. So far: Option 1 has happened ZERO times. Option 2 has happened ZERO times. Option 3 has happened 100 times. Option 4 has happened ZERO times. So in the last 100 redenominations. Option 3 leads 100 to nothing against the other options.

You know who the happiest people in the world are today. The dinar dealers and pumpers/gurus. This means nothing will change and they will be able to continue selling dinar just like the last 7 years. But let's wait and see what the CBI says about this development.

This totally overlooks the fact that a few years ago when Iraq moved the rate from about 1365:1 to 1170:1, they were also under a SBA with the IMF at that time. The term program rate is used only because Iraq is under an IMF SBA. It does not mean that the rate is controlled by the IMF. This is what the IMF say about SBAs: In an economic crisis, countries often need financing to help them overcome their balance of payments problems. Since its creation in June 1952, the IMF’s Stand-By Arrangement (SBA) has been used time and again by member countries, it is the IMF’s workhorse lending instrument for emerging and advanced market countries. Rates are non-concessional, although they are almost always lower than what countries would pay to raise financing from private markets. The SBA was upgraded in 2009 to be more flexible and responsive to member countries’ needs. Borrowing limits were doubled with more funds available up front, and conditions were streamlined and simplified. The new framework also enables broader high-access borrowing on a precautionary basis. This is a list of countries currently under a stand by arrangement. http://www.imf.org/external/np/tre/activity/2012/040512.htm#tab2a Antigua and Barbuda Bosnia El Salvador Iraq Jamaica Maldives Romania6 Serbia, Republic of Sri Lanka St. Kitts and Nevis Ukraine Not really a list of economic powerhouses.

All the gurus claim that Iraq/CBI is telling us the dinar will RV to near $1 or more in the near future. I find it amazing that a currency that will soon increase in value 100,000% or more... is sinking in value. Seems that no one in Iraq believes there will be a RV

Normal currently is $.00085. When they issue a new currency and delete 3 zeros, normal for that new currency will be $.85

Quite frankly… this didn’t need to be debunked. It was preposterously misinterpreted by Bondlady to start with. The reading comprehension skills of an average 3rd grader could have debunked this.

Guys... look at this. It's the on the CBI site It is the Key Financial Indicators Documantation. It has been there for years and explains what a lot of the numbers mean. http://www.cbi.iq/documents/Key_Financial_Indicators_Documentation.pdf a - Currency outside banks.....From December 2003, currency in circulation is the new currency issued by the CBI less redemption of old and damaged new currency notes. It clearly.. clearly for most anyway... clearly states that the number reported takes into account redeemed currency. So when they but back currency at action (same as redeemed) it is taken into account when figuring out and posting the numbers. For years gurus have claimed we don't know how much is in circulation because of all the dinar bought back at action. All the time the CBI has told us that that is accounted for in the reported numbers.

What they are saying is that the "Street Rate" or the "Market Rate" has risen to 1260 to 1. So they have taken steps to try to get the street/market rate back down to the official rate of 1166.