jmw2

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.

Because some idiot (frank and others) are saying they are....they push the dong because it is cheap...and sounds funny

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.

How many economist does it take to screw up a post?...apparently 7 And no one in this group understands the correlation of money supply to assets for a pegged currency?

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?

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.

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

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.

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.

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

Well that's a first

Did it at least RV in the movie?...now that would be funny

Well that's a first!

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.

Just curious....if I don't believe the way you do then I'm an "old sourpuss" that likes to "wallow in pessimism"...and I'm a "sad sack"...that likes to "burst your balloon" and should leave?... But you also think people shouldn't be bashed or put down... Might be more productive if you asked questions of the ones you disagree with instead of wishing they were gone or thought the same way you do...that way we might all learn something and you wouldn't have to call someone a sourpuss for not believing everything that's posted...just a thought

I'm guessing it is due to SWFG making statements as if they are facts but doesn't ever seem to be able to back them up if anyone questions them...

Looks like they broke the pipe out again.

Okay which is it?...if they educate their people they have to announce what they are going to do...they are educating them on a RD not a RV...and all countries that RD two prices...one for the old rate and one for the new one...the lower denoms will be the new rate so you could buy something with one of those or 1000 of the old...at least that is what they say they are going to do.

What they have said specifically is that they will drop the zeros and introduce a new currency...which is a redenomination...which is why they need the new currency...both will be used side by side for a period of time...the will be a price in old dinar and a price in new dinar with three less zeros on it....pretty sure they wouldn't announce an upcoming revaluation of 100,000% one year in advance...and I'm pretty sure the Iraqis would continue to dump dinar for dollars if that is what is going to happen...just a thought.

Very much agree

Lots of good news...keep in mind that in the 70's when the dinar was worth much more...their money supply was much less...in the billions not trillions.

The DFI fund has basically all been spent...and, in simple terms they are backing the dinar with oil...it's where they get the dollars to back it...they just can't back it with what's in the ground.

That was almost exactly the same rate as on Aug. 1, 1990, the day before Iraqi tanks rolled into Kuwait and the seven-month ocupation began. The Iraqis susequently put the Kuwaiti dinar on a par with the Iraqi dinar, reducing the value of Kuwait's currency by more than 90 percent, and then outlawed the currency. Read more: http://dinarvets.com/forums/index.php?/topic/150084-rvs-throughout-history/#ixzz2UxwnV0Gr It says the Iraqis changed the value....he official rate didn't change

Where did you find the numbers on the Romanian Leu?...it was a disaster in the 80's and redenominated in 2005 The New Romanian LeuOn July 1, 2005, Romania introduced its new redenominated currency, the new leu (code: RON), which is valued at 10,000 old lei (code: ROL). The process, which is known as redenomination, started in March 2005 when Romania started dual-currency display and all prices had to be displayed in both the old leu and the new leu. Starting from 1 July 2005, the first notes and coins of the new leu became legal tender, and the new leu became the official currency of Romania. in the 80's if was fixed by the communist government: Between 1970 and 1989, the official exchange rate was fixed by the government through law. This exchange rate was used by the government to calculate the value of foreign trade, but foreign currency was not available to be bought and sold by private individuals. Owning or attempting to buy or sell foreign currency was a criminal offence, punishable with a prison sentence that could go up to 10 years (depending on the amount of foreign currency found under one's possession). International trade was therefore considered as part of another economic circuit than domestic trade, and given greater priority. This inflexibility and the existence of surplus money due to constant economic decline in the 1980s, mixed with the need for more foreign currency and the refusal of the Ceauşescu regime to accept inflation as a phenomenon in order to attain convertibility, led to one of the greatest supply side crises in Romanian history, culminating with the introduction of partial food rationing in 1980 and full rationing for all basic foods in 1986/87. This was a major factor in growing discontent with Ceauşescu, and contributed in part to the fall of the Communist regime in 1989.