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leplusgrand

Lopster
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About leplusgrand

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    Currencies, Stocks, World Travel

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  1. "The curfew has affected the activities and actions of all official institutions, including the Central Bank of Iraq. We have taken the initiative to employ our cadres in order to sustain the payment of salaries and finance of food, agricultural, medical and all necessary materials." He stressed, "There is no change in its policy in financing trade and imports, which will resume after the ban has been completely lifted. As for the current stage, the bank will begin to enhance the bank balances abroad through the foreign currency sale window according to a schedule of working days and accordin
  2. In life and as in business, there are two cardinal sins. The first is to act without thought and the second is not to act at all. Fact: Iraq's leadership can't do what we do and that is why they despise us for it. Its their leaders who always have always changed the conversation when the RV came to any topic because they didn't want to hear the truth since 2004. Now comes the covid-19. Iraq's oil and its entire future has now been compromised but now Iraq is now caught and their leaders realize it. Unless they increase the value of their own currency, they will los
  3. In life and as in business, there are two cardinal sins. The first is to act without thought and the second is not to act at all. Fact: Iraq's leadership can't do what we do and that is why they despise us for it. Its their leaders who always have always changed the conversation because they didn't want to hear the truth since 2004. Now comes the covid-19. Their future has been compromised and Iraq is now caught and their leaders now realize it. Unless they increase the value of their own currency, they will lose their country. Oil is depleting in price daily and
  4. It appears that the end is near for the PM, as all international reports confirm he is due to resign from his post due to his alignment with top IRANIAN government officials . Could perhaps former PM MALIKI once again may be a puppet master behind the IRAQI green curtain? If intel is correct....then many may be just a harmony of watchers, just as all of IRAQ and it’s allies. Good Fortunes To All! Le Plus Grand’
  5. KRS and Laid Back both have interesting assumptions which may or may not occur. I am certain that when the Rate eventually is to move that it will be in the 3.00 + range, as to stabilize with Kuwaits and Saudi Arabia’s and this is exactly why it will return to its old value. Good Fortunes To All! Le Plus Grand’
  6. That would be a very good Quote to happen... but perhaps 3.22 sounds better? Good Fortunes to all. Le Plus Grand’
  7. Follow History.....it always repeats itself. The IQD will return to its full glory and in it’s prewar splendor value of new notes and coins. The current notes we hold will have some value, just as the $500.00 dollar American note still does...but the U.S. mint don’t make $500.00 dollar notes anymore, or does it? And is it still holding it old value? As I believe...some dinars will be worth much more, where others will be worth pennies. History will reveal the answer, sooner than later. Good Fortunes to all. Le Plus Grand’
  8. Greetings to all. So does a lop provide purchasing power for a currency? One way to think about purchasing power is to imagine if you made the same salary as your grandfather 40 years ago. Today you would need a much greater salary just to maintain the same quality of living. Example: a home buyer looking for homes 10 years ago in the $300,000 to $350,000 price range had more options to consider than now. In terms of investment, PURCHASING POWER is the dollar amount of credit available to a person to buy or in this case a country. So if a dinar is worth under a cent in val
  9. Okay, thank you miss Navira, So unlike many in the universe, I have traveled the world more than once and met literally thousands of people in my lifetime from all sectors of life, and I also served our great country honorably which should be a mandatory law for drop-outs & H.S. Grads too IMO. Anyway, I was introduced to this economics professor from Russian (no collusion theorist please) in 2005 and our discussion arrived to the current events and "MONEY". He explained that if I choose to "gamble or invest" in this ride, that I should never purchase any notes that have more tha
  10. I apologize Dinarrock, it’s apparent to me that you’ve learned fathoms more about financial securities associated in foreign currency exchange bylaws, or are you being obtuse to a potential future lop on the largest Dinar notes currently in circulation ? Or could a future lop actually be the point at where the largest notes vastly depreciate in value based on ones initial buy? So hypothetically lets say, “you have 20 million dinars in 500 Dinar notes” and the new exchange rate is announced at 1.19 to the US DOLLAR..then immediately the lop occurs and suddenly a 10,00
  11. Greetings, I do understand the mindset of many and like the many, I too was going to purchase the highest notes available prior to my decision not too. The "human behavior" factor always dictates such actions, (i.e.) when purchasing stocks. However, where foreign currencies may apply, a completely different venue of decision making should be considered. Especially where old currencies are removed or changed. Again, this is my personal conclusion and really....What do I know, right? I present this text solely as speculative and nothing more.
  12. Greeting jg1. I see Iraq with 40.1 million people. I see Kuwait with 4.2 million people. And yes, the currency will lop. Not because of inflation because it will need to become uniform within OPEC and Arab Leagues to create free and open trade. Kuwait Bank notes: 1⁄4, 1⁄2, 1, 5, 10, 20 Saudi Bank notes: 5, 10, 50, 100, 500 Qatar Bank notes: 1, 5, 10, 25, 50 Libya Bank notes: 1, 5, 10, 20, 50 Algeria Bank notes: 1, 2, 5, 10, 20, 50, 100 Ecuador Bank notes: They use the US. DOLLAR These countries are all members of OPEC, along with a few
  13. Greetings to everyone, So the CBI has a current page of exactly what notes are valid. When the removal of the zeroes on the Iraqi Dinar ultimately occurs, the newest dinar is the 50,000 that was issued in 2015, will become reduced to a 50 dinar. And so forth with the other larger (25,000/25, 10,000/10, 5,000/5, 1,000/1) notes. In my opinion/research, the lowers (500,250) these will remain. The current Iraqi notes. https://cbi.iq/page/89 The new rate of exchange in my viewpoint will be 1.18 Dinar to the US Dollar. Another way to evaluate a potential value of any increase is
  14. The Central Bank of Iraq that the project is to delete zeros from the Iraqi currency is still standing. Yes it is.... ..and I would have invested exactly as others originally but if not by the advise of a good friend that said to invest within an opposite direction, which I followed, and I will thank him profoundly afterwards. This wait is close to being over for all of us, either in one direction or another. I pray that we all travel that same path together and use this gift to help others in need. This will be the ultimate test in our lives. Good fortunes to all and God Bles
  15. The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019. The plan is to eliminate zeros from the value of the Iraqi currency, allowing the dinar to gain value on the global market. For The Dinar and The Rial, these currency are the notes. Only the highest "notes" denominations' will be effected, simply put; one must read to learn anything. Every RV in the modern history of paper currencies have done it this way. No zeros will be remo
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