drewzdinar

[Carrello] Have you had success with sending a dinar note to cover the remaining owed on reserve after 30 days? For instance, if I purchased $25,000,000 dinar and put 10% down ($2500), your saying all I need to do is send in a 25,000 denomination note to take care of the remaining 90% even if the dinar has NOT RV'd? I'm just trying to get clarity on your recommendation... thank you

Perhaps I am moving the decimal when in fact it should stay where its at and continue to let the people suffer for the next 20 years..... The Bush Admin WILL NOT let their investment along with many other Americans loose out on this and the currency WILL bless the many who have invested in the last 6 years. Their are too many individuals, corporations, gov. officials and institutions involved to let this go the wrong way!

By removing 3 zeros it devaluates their current currency when they compare it to the value against the US$. By doing this the people in Iraq suffer because they now have less currency then they did before. Yes this increases the value of their dinar perhaps against the US$ but the people have even less now. You don't think the people in Iraq would be ****** knowing that their currency used to worth $3.22 US$ per dinar and then it devalued. Now your saying that the government wants again to take from the people of Iraq their 100's of thousands of dinar in exchange for hundreds and dollars and hope that the exchange rate goes back to $3.22. I am not moving the decimal the wrong way, in consideration us outsiders see a de-valuation that turns their 25k note to 25 dinar note and at a current exchange rate of .00000086 not their current .00086 rate of exchange. The people of Iraq are banking on an RV, actually they want an RI and if Maliki gives it to them HE will be their next PM! Screw the LOPing of 3 zero's THE PEOPLE want an RI and then the government can exchange their 25,000 dinar note for 1000 25 dinar notes. enough said

The article said they wanted to increase the value of the dinar, not decrease it. If they remove 3 zero's then the dinar would be worth 0.00000086 cents to the US$. Do you actually think the US and other countries would allow this to happen considering how much THEY have invested. What about the oil contracts all these major companies have with Iraq, do you actually believe there are no dinars involved in these deals... Of course WE know nothing and the only thing WE ALL can agree on is that OUR investment will either RETIRE us or at least allow us to be comfortable for the rest of our lives and the lives of our children's children... peace

Evidently, there are a number of people on all of the forums that have a hard time grasping this issue. The way I feel about it is the same as Medic, Breitling, Sonny1 and others. They are NOT talking about a lop, but a deletion of 3 zeros. Something is lost in the translation due to cultural differences. It is simply removing the 000 bills out of circulation. Period. You RV and then remove all the large bills out of circulation because they are not needed anymore. It is just like when the US removed (deleted) the 100,000, 1000, and 500 USD notes out of circulation. There will be no lop. A lop will devaluate their currency and that only takes place in hyperinflation. A lop would make every nation in the world furious with them, let alone us investors. The IMF would have to approve a lop, which they will not. Without reiterating everything that was forward for the last 3 days, just be at peace knowing a lop is not going to happen. The article said they wanted to increase the value of the dinar, not decrease it. If the remove 3 zero's then the dinar would be worth 0.0000008 cents to the US$. Do you actually think the US and other countries would allow this to happen considering how much THEY have invested. What about the oil contracts all these major companies have with Iraq, do you actually believe there are no dinars involved in these deals... my thoughts

Heck if this things hits 86 cents I'll be extremely happy. I wouldn't cash all of my dinar in because I think it will go up within the next two years to at least $3 but I would cash some to take me though the next two years

Of course we ALL hope that the RV/RI happens first and the 25,000 dinar notes are collected and exchanged for 25 dinar notes. I know we have a lot of intel that tells us otherwise but what do you think we can expect? The loping of the zeros came up 4 years ago and now it has come up again but at a more serious level. With the debt that has been forgiven by countries such as China ($ 8.5 Billion) and the dinar that they have in their possession wouldn't they NOT want a devaluation of currency to take place. At this point taking off three zeros would basically make the dinar worth .000008 cents/dinar... unless they RV it at a 1:1 exchange then a 25 dinar note would be worth $25US and we would have made nothing or almost nothing. If the exchange rate was $3.22 US / $1 IQD then $25 IQD would be worth $80.50 US.

OK I think I have it now.... Evidently, there are a number of people on all of the forums that have a hard time grasping this issue. The way I feel about it is the same as Medic, Breitling, Sonny1 and others. They are NOT talking about a lop, but a deletion of 3 zeros. Something is lost in the translation due to cultural differences. It is simply removing the 000 bills out of circulation. Period. You RV and then remove all the large bills out of circulation because they are not needed anymore. It is just like when the US removed (deleted) the 100,000, 1000, and 500 USD notes out of circulation. There will be no lop. A lop will devaluate their currency and that only takes place in hyperinflation. A lop would make every nation in the world furious with them, let alone us investors. The IMF would have to approve a lop, which they will not. Without reiterating everything that was forward for the last 3 days, just be at peace knowing a lop is not going to happen. The article said they wanted to increase the value of the dinar, not decrease it. I hope this helps.

I hope I’m wrong, but I’ve read that article about the re-denomination a bunch of times over the weekend, I did some Google searching & I just don’t see how this isn’t a lop. I saw on a KTFM chat one guy said right now a 25,000 note is worth about $23.00, if you take the 3 zero’s off & keep it at the same value, your investment is still worth the same amount of money. Then they can bring in the new currency with the lower denoms, but your 25,000 note is now worth the same amount as the new 25 note & then they can draw in the larger notes. This makes a lot more sense to me for Iraq. Otherwise Iraq would go bankrupt trying to cash everyone out with as much dinar as there is in circulation. They couldn’t sell enough oil to pay off all the dinar in circulation. It makes me think, now more than before, that a lot of these website guys are just pumpers & now they are trying to twist this article to keep everyone buying more dinar. I don’t mean to be negative, but this makes a lot more sense to me. What are your thoughts?

Can you shed some light on the theory of loping three zeros from the dinar and how that effects our investment. Of course we ALL hope that the RV/RI happens first and the 25,000 dinar notes are collected and exchanged for 25 dinar notes. I know we have a lot of intel that tells us otherwise but what do you think we can expect? The loping of the zeros came up 4 years ago and now it has come up again but at a more serious level. With the debt that has been forgiven by countries such as China ($ 8.5 Billion) and the dinar that they have in their possession wouldn't they NOT want a devaluation of currency to take place. At this point taking off three zeros would basically make the dinar worth .000008 cents/dinar... unless they RV it at a 1:1 exchange then a 25 dinar note would be worth $25US and we would have made nothing or almost nothing. If the exchange rate was $3.22 US / $1 IQD then $25 IQD would be worth $80.50 US. What are your thoughts?