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Posts posted by KDuesing
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Please continue, that's why I came here we just talk the news and try to find the truth. Please continue to post here it wont take long for you and Joey to become part of the family. What I miss most about Joey was all the articles she found that I missed.
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Wheelman, no point in us arguing over this I haven't heard the Federal Council mentioned in years so imhop its either working in the background or just was ignored by the Iraqi parliament and forgotten about.
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10 hours ago, DinarThug said:
Apparently A Hell Of A Lot More Than That ‘Little Girly Man’ And Monkey Island Gatekeeper Joe-Weegie !
So Dinarthug since when do we call other people names in this forum and be rude to them?
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Wheelman I havn't been able to hear any of Joey's thought's since The Gatekeepers calls is anything available now?
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On 10/11/2020 at 7:56 AM, Mary B said:
Parliamentary Finance excludes raising the price of the dollar against the dinar to compensate for the decline in oil revenues
08:50 - 11/10/2020Information / private
A member of the Parliamentary Finance Committee, Jamal Cougar, ruled out the government's move to raise the exchange rate of the dollar against the dinar in order to compensate for oil losses due to low global prices, pointing out that the Central Bank has a study and control over exchange rates.
Cougar said to "the information", that "the government to raise the exchange rate of the dollar against the dinar is unthinkable and excluded, because the central bank has a sober study in this regard."
He added that "the central bank administration does not support the proposal to raise the dollar exchange rate at all, and has a set of reasonable reasons and justifications to keep the exchange rate at its natural limits."
Cougar ruled out that "the government or the central bank in 2021 will choose to raise the exchange rate of the dollar against the dinar." 25 n
Ok well I would hope they wouldn't raise the dollar against the Dinar any worse then it already is.
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3 hours ago, dinarham said:
Rv time when the auctions go away.
They just dropped 90 banks out of the auction.
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Cant really prove or disprove the 3 day theory but I'm sure they can do what ever they want.
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12 minutes ago, DinarThug said:
And that "the current Iraqi dinar differs slightly because the Iraqi economy is consumerist, but that does not prevent it. It is possible to apply that and use the deleted Iraqi currency zeros by buying and importing industrial production lines for the manufacture of basic and luxury goods as much as possible, and this will revive the exchange rate of the dinar and the demand for it externally and shrinking." Depletion of foreign currency to buy the most insignificant commodities and deplete the cash balance, instead of facilitating official and accounting transactions, packages, storage, transportation, use of versatile metal change and revolutionary digital currency through cards and gain confidence internally and externally, needs a revival, stimulation and progress in this aspect, easy projects that are waiting for their hero, below. Conceptual models for the deleted Iraqi currency, the "free dinar" zeros.
I love the way this guy explains things, he basically says deleting the zeros off the notes does basically nothing and Iraq is in a different circumstance.
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Your very right.
Think ahead and you will see Iraq will need a 25.00 note even after a revaluation what matters is will the bank give them one thousand of them for every 25000 note. I believe they will, I know the average Iraqi is very poor now and they are a very proud people and this is for them we are just lucky enough to be along for the ride.
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You don't expect them to come right out and say they are going to revalue the Dinar against the dollar do you? 🤣
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2 hours ago, WheresmyRV? said:
Does this mean the dinar is going to be worth even less than it is now?
Yes, and you should sell me your dinar at half price now. LMAO
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45 minutes ago, Laid Back said:
All the countries mentioned in the article, deleted the zeros from their currency because of hyperinflation. That’s not the case with Iraq 🇮🇶
Inflation in Iraq is +/-2%
Your exactly right LB, not to mention that Iraq had the 3 zeros added to there currency in one big swoop when the war started.
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1 hour ago, Longtimelurker said:
Longtimelurker
Whats your opinion as to how this will unfold? I'd like to hear it.
I believe in what Shabibi told us years ago, that he needed Iraq to have security, stability, and a fully seated government. The CBI Iraq Dinar exchange rate will show something like 3.50 instead of .00085 and at that same instant the forex will show it, it will come with no warning and no fanfare but plenty of disinformation just before.
Those 3 key items we have never had before now, things are getting exciting.
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48 minutes ago, Longtimelurker said:
I remember reading an article or hearing somewhere that the large notes outside of country would keep their face value while in country would drop the zeros.
I have never read an article that said anything like that, I wish you saved the link.
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2 hours ago, Longtimelurker said:
Outside of Iraq our large note bills would keep the value of 25,000 and when or if it reinstates back to 3.22 or 1.17 we could exchange for that value.
There is no such thing as a different rate inside a country and out, that is pure guru made up bullshiz.
If they remove 3 zeros from in country that would be a lop and it would hit us all. What we are hoping for is that they drop 3 zero's off the exchange rate factor .00085 would change to .85 or to something higher.
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I'm not buying into this, they are trying to say that all the oil they are selling in a month wont pay the salaries of government employees, I call bull crap. I don't know what paying in bonds would accomplish though.
They have to be getting close because they are closer then ever to checking the boxes on stability, security and a full seated government.
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5 hours ago, yota691 said:
but the American side does not respect Iraqi interests."
Doesn't respect his interest he is trying to say.
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They are just going to borrow it from there central bank reserves not a big deal.
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IMOP borrow now, rv the currency and pay it back for penny's on the dollar.
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Don't they borrow about that much every year? I wonder when they plan on paying any of it back.
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Kind of hard to come to the meeting when your hiding in Iran.
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Iraq .. What is the truth about the trend to print new currency denominations that exceed 50 thousand - urgent?
in Iraq & Dinar Related News
Posted
Im not sure Dinarthug even knows who Joey was he prob. thinks she is a Guru and we usually burn those here at the stake.