staunch

Thanks socal. Not sure why either. I was basically stating the easiest and best case scenario for us investors. If they add large denoms and then delete zeroes by replacing the currency, we will have to exchange ours for the new. Just a pain in the butt I would rather not do.

This is going the wrong direction for what I personally want to happen. Get rid of the 25k notes, issue lower denoms and raise the value.

Even more so after these last couple of articles. "Deletion of the zeroes", "replace current currency", "restructuring of currency" are not words I want to hear all in same couple of sentences. At least we have another year for them to change their mind again.

I'll have to admit, that thought did cross my mind when I read it. I wasn't going to say it though. We could only hope!

Price of oil today is $82 a barrel. US drilling operations were operating at a loss at $100 a barrel.

Amazing! They have been adding to their reserves year after year.........and now they can't pay the bills?? psshh!

What in the world does that last paragraph mean?

LOL! Shoulda seen that comin.

I think the pumpers have run their course for the most part. We are in the dump phase, meaning those who have gotten discouraged and sold have just passed their dinar onto someone else. I could be wrong, but i don't feel like there is near the people buying dinar like they were a couple of years ago. To me, the pumpers are pretty much entertainment value. Can you imagine how boring it would be if they were'nt around to pick on?

It doesn't make sense if they are planning on doing anything at all with the currency. I agree with you that this is good to take care of the counterfeit problem but, if they plan on an RV or delete the zero's anytime soon, this was a big waste of time and money. Kinda like going clear around your A$$ to get to your elbow.

Ok, i misread it. I was on my cell earlier and it's a pain in the a$$ to do anything on. Also keep in mind, this is wiki: http://en.wikipedia.org/wiki/Iraqi_dinar "In 2004, new 25-, 50- and 100-dinar coins were introduced. However, these coins proved to be unpopular and were withdrawn from circulation." I know there has been no "plan" to pull in high denoms, but imo, if they were to revalue, that would be the way to do it. Pull in the high denoms, introduce lower denoms to fill the low end. And i did not know that there was a "CBI law" about their currency being restricted to Iraq. It was not too long ago you could buy the IQD in US banks. Was this written in recently? (as in the last few years?)

Ya, I was looking up denominations on wiki and it was talking about the coins (1, 5, 10 and 25 dinar I believe) it said they were in circulation and then withdrawn. If that's the case, I'm sure they have got them stashed somewhere. Again though, if the plan is to pull in the high denoms and release the low denoms, why print more 25k notes?

ps...I know a lot of people say it is international now, but if I can't take it to a bank outside of Iraq and exchange it for USD, that's not internationally traded to me

I guess what I am struggling with is the term "increase the value of the dinar" Increase it in relation to what? The USD, every currency in the world, what it will buy in Iraq? They have not come right out and said what they mean. I understand that if the dinar goes international and they increase the value, it applies to all currencies. But that goes both ways. For my own sake of understanding I will use the USD for conversion as an example. Right now (although I have not seen one) the 50 dinar note is the smallest issue in circulation. This is equal to $0.0429 dollars. Almost a nickel. The next lowest denomination up from that is the 250 dinar note, which is equal to $0.2148 dollars. Almost a quarter. Quite frankly, I don't know how they are running day to day business on the streets right now with such limited diversity in the lower currencies. How In the world would they make this work if they were to raise the value even more and be Iinternationally traded? If they did not go international with the currency, they can pretty much do what they want with it inside their borders, but of course, this is not what we want. And this is what's key: whatever they do internationally (like I said before) goes both ways. If they revalue at 1 to 1 and do nothing else, their lowest note will be a fifty dollar bill. This is just me being confused out loud. So don't hate too bad That's what gets me. Why print more just to replace them?

This just doesn't make sense. Too many angles to go at this. By printing new 25k notes they pretty much blew the 2 most predominant theories out of the water. (Both lop and delete zeroes) I don't know what to make of this anymore.

They can't. ISIS has all the weapons.

all i have to say is, if they take over the baghdad airport, it's game over for the capital! edit: with that being said, i did forget about the al-rasheed airport which was heavily used during the war. so i retract my last..........there is hope

I don't recall this Nassif ever saying anything positive, EVER!

Unfortunately these are very valid points.

so how many "non-boots on the ground" have we sent over there so far? I have seen several figures at different times. 1200 advisors and security personel, 13000 support troops, now 2300 marines. What's the count up to and when does it become "boots on the ground"?

I have been hearing on the news that one of the most shocking evolutions of ISIS is how extremely organized and effective their media campaign is. Propoganda and coersion has been their number one selling point for new recruits. So who knows what is fact and what is propoganda??? Now that i think about it, who knows what is fact or fiction from our own news machine????

my understanding (which is probably wrong) is they sale oil for dollars, buy dinar with dollars through the auctions, and then pay the gov. employees with the dinar. rinse and repeat

SteveG, dontlop has been here a long time. He probably has a better understanding of what is going on over there then most, and has brought many many articles and points of discussion to this forum. Sure he goes off on tantrums and talks about his imaginary dog, and a lot of times, i believe he is trying to confuse people. But he has by far brought more than he has taken away! So give him a break..........eh? and i don't think he is a lopster...........at least not yet

Strictly for your info adam. Got warning today. I use Firefox.

Yeah I got the Google malicious software report today when I logged on. Weird thing is I never get it when I'm on my phone.