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Everything posted by Theseus
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To the executive branch to the central bank of Iraq
Theseus replied to PrehistoricMan's topic in Iraq & Dinar Related News
How many USDs does 1 IQD currently equal? If they revalue to 1 USD to 1 IQD (1:1), how many USDs would 1 IQD equal? What is the difference between the two (subtract the two amounts) ? If the resultant value is larger than the current value of the IQD then it is an increase in purchasing power for the Iraqi. If the resultant value is less than the current value of the IQD then this results in less purchasing power for the Iraqi. Tip: If you subtract the larger number from the smaller, you will have to negate (multiply by -1) the value. -
To the executive branch to the central bank of Iraq
Theseus replied to PrehistoricMan's topic in Iraq & Dinar Related News
Your reading comprehension needs work. His first sentence clearly states that he wants the exchange rate to be 1:1 or on par with the USD. His second statement is referring to the deletion of the zeroes in which he gives three examples of what removing the zeroes. In the same breath he continues the examples with 1000 dinars equals 1000 USD. That is a removal of the zeroes with an exchange rate of 1:1. If it were a LOP and they just removed the zeros then the exchange rate would not be 1:1. Again you need to read the words and not just point out what you think they say. The guy is talking about how the dinars should be on par with the USD as an exchange rate, remove three zeroes and then work up to the dinar equaling 3 USD. The premise of the article is that the author believes that the dinar's exchange rate should move more towards the dollar and eventually work towards equaling 3 USD. All the while removing three zeroes. This is called a revaluation not a LOP when the exchange rate is involved. A LOP is just the removal of zeroes without changing the current exchange rate. Again reading comprehension. Now it is quite possible they do delete the three zeroes without changing the exchange rate and at a later date increase the exchange rate to a 1:1. If they do that I am confident a great many people would become emotional, beech and moan until there is no end. A good deal would get out of the game and only a few would remain. This could eventually play out to reduce the number of dinars outside of Iraq.- 119 replies
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Watch NASA's Perserverance Rover Land on Mars (Live video)
Theseus replied to Theseus's topic in Off Topic posts
NASA's most advanced astrobiology lab sent to another world the Perseverance landed safely on Mars. The robotic vehicle sailed through space for nearly seven months, covering 293m miles (472m km) before piercing the Martian atmosphere at 12,000mph (19,000km/h) to begin its approach to touchdown on the planet’s surface.- 1 reply
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Watch NASA's Perserverance Rover Land on Mars (Live video)
Theseus posted a topic in Off Topic posts
This goes live tomorrow (February 18, 2:15 PM EST). There is a countdown clock on the video. They are calling this a daredevil landing and is one of the most advanced rovers ever sent to Mars.- 1 reply
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I believe I posted an article on this within the last year about how the IMF was going to look at this requirement. From what I gathered they were leaning away from this requirement and leaning heavily on Iraq's MCP policies. As in the report they stated no country in Article 8 is using MCP. The IMF strongly discourages the use of MCP the way Iraq is doing now. There will be no RV while Iraq has MCP policies. About the Auctions, last several years in January/February for a time there were no cash sales. People cheered and pointed to the lack of cash sales as doing away with the auction. Then after a period of time the CBI started the cash sales up again. IMHO it's a false flag to see no cash sales as a means to the end of the auction while Iraq has not de-dollarized inside the country. I believe that is what we are witnessing now, the restart of the cash sales and they should increase to levels that they were previously at. Until Iraq de-dollarizes inside the country, the auction is not going anywhere as it is a means to make money for both Iraq and its corruptors.