jmw2
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With their current money supply of around 73 trillion IQD a revalue of 1 to 1 would make it worth more than all the money in the world COMBINED...which won't happen...all the reasons you listed for why it should or why it should was a great list of what the so called gurus have used over the years to get or keep people excited about it...but none of them have any thing to do with the value.
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Why do people think the Dinar and Dong are tied together?
jmw2 replied to rulesforrebels's topic in RV & Dinar Questions
Because some idiot (frank and others) are saying they are....they push the dong because it is cheap...and sounds funny- 11 replies
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- iraqi dinar
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Dontlop...maybe you need to re-read my post...I said AFTER release from chapter 7...and since they are currently a pegged currency they have to back it with liquid assets...didn't say they couldn't change it...just where they are right now...if they went to a managed float or float do you think the money supply wouldn't matter any longer?...either way being released from chapter 7 has no impact on the value of the dinar.
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Okie says today is the day, best intel he has ever recieved
jmw2 replied to TechguyLA's topic in Dinar Rumors
Okie would probably announce the wrong date for his own birthday -
Currency reform means stabilization not 100000% increase...can you also define "internationally tradable currency"?...why does it have to be worth more to be tradable?
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Since chapter 7 has nothing to do with the value of their currency, it must be after... Their currency value is based on what they support since they are pegged to the US dollar. Money supply and CBI assets.
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Vietnam and Zimbabwe are both members of the WTO and have a currency that is worth less than Iraq. http://www.wto.org/english/thewto_e/whatis_e/tif_e/org6_e.htm
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Outside of actual articles ....90% of the "intel" / information that is posted at all dinar sites and then re-posted at the other dinar sites is at best incorrect and mostly flat out lies...yet this information is considered good and positive...yet anyone who doesn't agree with it is considered negative and should leave....it's better with balance.
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Enorrste - If The Value Rises To $1 - They Have Over 300% Coverage ...
jmw2 replied to DinarThug's topic in Dinar Rumors
The definition is correct but as Keep stated...it only applies to commercial banks. Iraq has reduced the amount required over the years so member banks will loan more money...the CBI is the one that sets the requirement. As a pegged currency the CBI must back their money supply at 100%...all pegged currencies do. -
Can anyone explain how Iraq is going to pay for the dinar we purchased?
jmw2 replied to melron77's topic in Dinar Rumors
Money is debt and the CBI is responsible for covering that debt since it is a pegged currency...and with a M2 money supply in excess of 72 trillion they can't afford much more of a rate then it currently is....if they were to change to an open market float it could group or down depending on what other countries felt the value was...but based on their current assets and oil production I don't see how it could go up much. I'm guessing your opinion here has changed a bit since June of 2010...lol -
RV to Kuwaiti Dinar
jmw2 replied to keepmwlknfny's topic in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
Did it at least RV in the movie?...now that would be funny -
It's a good question...I haven't looked it up in a while but I believe their oil revenue is about 110 billion per year which is right at what they need to run the country...so that is where the majority of it goes...you are also correct in wanting to follow the money...but instead of looking at what comes in look at what goes out... Specifically their m2 money supply...since that is what will determine what kind of value they can support and back up with reserves and gold.