rken

What they are saying is that they will eliminate the current 50 dinar note. The new currency will range from 1 to 100 perhaps 500 dinar notes. You can trade a 25,000 dinar note (value about 25 usd) for the new 25 dinar note (value about 25usd) rinse and repeat for a the other denominations. Basically a lop. Hate to say it, I didn't think this is the way they were going, but its out in print pretty much black and white. hmmm

Well now we know how they are going to raise the value of the dinar. A 25,000 note becomes the 25 dinar note, a 10,000 dinar not becomes a 10 dinar. the large demons will be traded in and taken out of circulation for the smaller demons which will in increase value of the dinar, lol. So the dinar will achieve parity will the dollar or close to it. This is as close to a l o p as you can get. Perhaps over time the value will rise also. End game in sight. All for not it would seem.

Nice interview, and his reading list is right on. Fits with what I have been able to piece together. Keep up the good work. rken

Thanks for the support, but something has changed, no longer getting the restricted post message. So I guess You'll be seeing me around. lol

I would expect nothing less from a country that is trying to remove the large denoms from circulation prior to an RV. It would save them a lot of money, buying up all the large denoms at a lower exchange rate. I would say this is a good sign and they are about to push the button.

Hmm, I don't see my last post, does that mean it wasn't approved. So as you can see I am not a crack pot, shill or a troll, I have been a holder of dinar longer that most have even been aware of it. So please stop with this restriction stuff. Revbo can vouch for me and the thread I have started on GLP . Now over 66 pages. Or perhaps I can just go some place else. Its really up to you. But I don't want to continue in this fashion on this board. Your choice. I have made mine. thanks for being a place where Dinar tards as we are called at GLP can come and discuss all things dinar without being hassled. Best regards

I would suspect that the dinar exchange rate to the dollars is being kept low during the removal of the large bills, as a means of paying less for the large bills in circulation. Dollarizing the country on the cheap. Don't worry when they get as much of the large denoms off the street as they want to, we will see an RV. Our holding will not effect the reserves or the cost of activating an RV because the dinar we hold will be held by the US government as reserves and for purchasing oil at $36 a barrel. Can you say windfall profits. The Gov wins both ways. Increased dinar value and oil on the cheap. lol What a racket.

Having followed this trail for many years, since 2004, it seems to me that a straight RD will be of no value to anyone. It would still leave the Iraqi people with an almost valueless currency. A 25 dinar note would only be worth a percent of a penny and thousands would be needed to purchase a loaf of bread. One viable solution would be to RD and immediately RV. The other alternative is to RV then RD. A lop serves no one nor does a straight RD. Unless there is something I'm missing. If an exchange of old for new was required after an RD prior to an RV, I think you would see a revolt in Iraq as this would devalue everyone's monetary holdings. Not to mention piss off the US State Dept., not something I would recommend doing. lol

The 10 year plan is at its end. The US did not put this plan in place to walk away with nothing. LOL use your brian (GLP speak)

Did your really think that safe deposit boxes were safe, especially after the gold confiscations from them during depression. lol

Parliamentary Finance: this year will not attend any currency exchange or delete Ocefarha Said a member of the Finance Committee MP Haitham al-Jubouri said “this year will not see replacing Iraqi currency not delete three Ocefarha”. Jubouri said the “unstable political situation and the worsening situation prompted the central bank to postpone the project until it is political stability and the stability of the monetary policy in the country.” He added that “currency exchange and delete Ocefarha will features the best and biggest reduce the size of inflation and revive the dollar due to a lack of demand for the dollar, which comes great positive aspects of the country’s economy. “ He pointed out that the “replacement currency will revive the country’s economy but needs to be political and economic atmosphere appropriate to carry out the project without facing any obstacles lead to a deterioration of the Iraqi currency.