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keylime

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keylime last won the day on August 27 2024

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About keylime

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    Miami Florida
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    Screenwriting, acting, directing, football and most of all my family

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    S. FL.
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    There are some things shouted where no one hears, and barely whispered where there are ears.

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  1. So keep the faith even though you just told us it isn't happening anytime soon...Um...I don't know what you do for a living but motivational speaking is definitely not in the cards for you. HA!
  2. This is an interesting article on currency revaluations and whether a central bank announces it prior... Currency Revaluation - It happened Before - Leftover Currency
  3. I think that's a mistake in the article translation. 3.22 was the old rate before being devalued. So 1 dinar would be worth 3.22 USD. Or possibly as much as 4.25 USD to 1 dinar. I know when I translate spanish to english it reverses the meaning quite often. I believe that is the case here as well. But we shall see.
  4. we know they have to remove the zeroes from the face of the currency. that's a given when they revalue. we were told our three zero notes would be good for ten years. inflation is low. I've always believed they would revalue at or above what they were when they were artificially devalued. A lop does not restore the citizens back to their former dinar glory as they have stated over and over they will do. A lop is neutral neither adding purchasing power nor restoring former glory. The war cannot pay for itself with a lop. This isn't just about Iraq in Iraq. They want to join the world with a bang. A lop is a fizzle. They are going to be the new silk highway not an old sows cobblestone street. They are going to flip the switch and revalue back to or above accounting for inflation and all the other major positive things that they have been doing. This will be Iraq's coming out party to the rest of the world. We are strong. We are rich. We are powerful. Come in and join us. Invest in us. A lop kills all that. This isn't Zimbabwe knocking off trillion zero notes. There is nothing the world wants more than a return on their investment for getting rid of the old regime that cost lives and money. Iraq is not on an island making its own decisions. Countries and people want to get paid. They aren't going to allow Iraq after forgiving their debt to skate out of it. Just my humble opinion of course, like yours.
  5. real estate always a good hedge. With some XRP.XLM, and a few others
  6. you still don't know that. Maybe it's everything we hoped for and more. Like 4.25 more with No Lop.
  7. I'm going to take what's behind Door Number 1. Revaluation between 3.22 and 4.25 with NO LOP!!!
  8. I always remembered a 10 year window. And our 1000 dollar bill was also referenced as a bill that you could exchange indefinitely as a believable possibility of that 10 year time frame exchange. But who knows. I won't even need 3 months to exchange my dinar. HA!
  9. With the relationship Iraq and Kuwait have I have aways thought Iraq would come out near or on par with Kuwait. That's why Iraq must define the oil proceeds they receive from Kuwait because it figures into the value of their dinar. Oil and Gas Law.
  10. I think for us it depends on how they honor the 25,000 dinar notes because we know in the past they have stated they would be exchangeable for about 10 years and we are thinking that the zeroes they drop will be both the rate and the lower denoms giving us let's just say a dollar for every dinar. 25,000 dinar notes would exchange for 25,000 dollars. You are surmising our 25,000 dinar would only be worth 25 dinars at let's say a dollar each for 25 dollars, whereas, we have always hoped our 25,000 dinar would be honored as such giving us 1 dollar per dinar per whatever the note says on it. I believe my 25,000 dinar note will get the exchange rate times 25,000 just as it is right now. You are stating our 25,000 dinar note may only receive the nominal value of three dropped zeroes 25 times. So, yes, it depends on how they honor our notes. Inside Iraq they may do what you surmise. Outside Iraq, in order to collect the notes, they may have to honor the face value of the notes with the exchange of the new IQD value (how else would this war pay for itself)because we are not going to be exchanging them for lower denoms as they will be in Iraq but exchanging them for USD at the new exchange rate. I go to my local bank in the US with a 25,000 dinar note that they look up as being worth a dollar a dinar. They give me 25,000 dollars for that note, not new lower dinar denoms.
  11. Transactions are going to be in the billions. XRP cannot do that at its current price. 10,000, 20,000 and higher would allow those kinds of transactions. and as I understand it, every transaction will burn them. So that will also drive the price up. This is Bitcoin at its early stages but extremely more readily used and adopted. In fact as you stated it already is with more countries and institutions adopting them every day, not to mention the ETFs that are about to come on line. Folks better get this while its nothing. 500 to 1000 xrp will definitely make you comfortable
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