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leplusgrand

Lopster
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Everything posted by leplusgrand

  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 according to the requirements of the situation and this is reported. Going first, for the purposes of financing the import credits of foodstuffs, agricultural supplies, medical materials and goods necessary for the country and citizens. 25 n ended 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 whenever 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 financial future has now been compromised. Unless they increase the value of their own currency, they will lose their #1 product which is oil and millions will perish. Oil prices are depleting daily, as food and water are becoming obscure and there isn't enough gold in their vaults to keep them afloat within their own swamp of quicksand without immediate medical and financial objectives enacted. Should their leaderships fail to move faithfully in the name of God and for their people, then the game will conclude for them decisively, CHECK-MATE. Iraq is now caught and their leadership knows it. The above "attached" wordings confirms it and the ban won't be lifted until the Dinars value is also lifted in value. Pray that their leaderships act with good judgement and caring hearts in every decision they make, but to act swiftly. Good Fortune & Greater Health to all, Le Plus Grand'
  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 lose their country and millions will perish. Oil prices are depleting daily, food and water are becoming obscure and there isn't enough gold in their vaults to keep them afloat in a corrupt swamp of quicksand without world medical assistance and long-term financial objectives. Should their leaders fail to move faithfully in the name of God and for their people, then the game will conclude for them decisively in one word, CHECK-MATE. Pray that their leaders act with good judgement and hearts in every decision they make, but to act swiftly. Good Fortune & Greater Health to all, Le Plus Grand'
  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 their isn't enough gold in their vaults to keep them afloat in a pool of despair without medical assistance and long-term financial gains. I pray that their leaders act with good judgement and thought in every decision they make, but to act swiftly. Good Fortunes & Great Health To All. Le Plus Grand'
  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 value and it lops to 1.19 per each dinar after removing the zero's on the notes and it this were to occur....how much Purchasing power would Iraq have then aside from the oil value it has in it? I can't see it going into a neutral level upon any stage of a LOP, unless they just completely devalue their own currency which I doubt very highly any country would do, or person for that fact. That's like saying you have a gold piece worth 1600.00 and decide to sell it for 400.00....I just don't see a 100% devalue of currency ahead in their future. Good fortunes to all. Le Plus Grand'
  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 than 4 zeroes, because if the currency should "ever" re-established any of it original worth's that these larger bills would automatically devalue tremendously prior to rate changes or new currencies being introduced into Iraq's economy. And the small notes would maintain a worth more than the larger notes, "IF" the 3 digits move to the left on the notes. i.e. 5,000 becomes 5.00 dinar, 500 becomes .50 dinar. The zeroes are identified mostly because larger foreign notes typically held many zeroes before a lop and introduction of new notes. Anyway, he stated that Russia had gone thru this at one period in his country and millions of people had lost money. Further explaining that it is 99.9% common place for people to purchase the highest notes possible as so they can make the most money (which you have to agree sounds logical) and although one could purchase many thousands of these larger notes that they would most likely lose much of their investment once any financial changes would occurred. After much research into this, I believe he was correct. As for Kuwait's Dinar, the value decreased down past .30 cents during there currency decline before going back up. My reference to them was to merely identify the paper notes which blew over the head of one or two here. So anyway, in 2005 I bought great amounts of this currency and followed the professor's advice, (no, not Gilligan's) and my remarks here were only to insight some investors that may want to look into another direction while there is still time to obtain lower notes AND that I don't mean by selling their larger notes because I do feel they may re-coop some of their original investment back at approx. 20% after they pay capital gains taxes. And like ole Botzcabana there, I hear the cost of living in Mexico is really, really cheap, so he will be okay. And if I'm off the deep end of being right in my 14 year trilogy as an investor, well then onto the next big thing...ce qui sera, sera. Best to All. Le Plus Grand'
  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 10,000 Dinar note becomes a 10 Dinar note in value prior to any new currencies being printed or issued but still remains only worth only 10 Dinars. So what occurs if the 500 Dinar notes you hypothetically hold just magically becomes worth a 1/2 Dinar note like the KWD did and is valued by the new rate of value of 1.19. What is 20,000,000 in 1/2 Dinar notes going to be worth now? Have a great tomorrow Dinarrock, lololo. And Oh, if anyone should ask... THAT’S WHATS’ IN MY WALLET Le Plus Grand’
  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. My assessment in my investment is that the larger bills will lop and the smaller notes will sustain. And yes, many years back the exchange value was over 3.00 to the U.S.dollar, but that was decades past as we know. I base my viewpoint on other Arabic countries surrounding IRAQ and their financial histories as a navigator of direction. Good Fortune To Everyone! Le Plus Grand'
  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 more. Iraq is also aligned with the United States and will soon change the notes, IMO. I hope for the best on everyone invested... Le Plus Grand'
  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 to look at the other Arab countries dinar's worth. example: 1 Kuwaiti Dinar is worth $3.29 cents at current value less capital gains tax of 39.6% percent. But the key is to look at their notes.....What quirks my attention at times is why Investors don't realize that this currency investment is just that, an investment....similar to that of buying stocks. Same rules and laws apply for the most part. The period of the exchange is close I feel and may those that do prosper help others in need by paying some of it forward to those in need. Le Plus Grand'
  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 Bless America and our loyal allies. Le monde est pour ceux qui se presentent! Le Plus Grand'
  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 removed otherwise but from the notes or bills if you prefer. And one may visit Wikipedia to see what Notes are used for each country.....Anything else is wallpaper. The snip-it at the top fully explains it completely. The good news is there is more time to purchase smaller denominations. The bad news is that higher notes will lose much of their value. & The ugly news is that many will lose by not covering all of their bases. WHA WHA WHAAA
  16. Will The 3 Zero's Be Deleted? Yes......but the real questions are when and how. I have read the posts from Botzwana 11/26 and mylilpony 12/3, but what I feel is missing in both of their editorials is simply that IRAQ will only increase the value (RV) once the largest notes have the three (3) zeros removed. example: 25,000 dinar will become a 25 dinar, 10,000 dinar will become a 10 dinar, etc, etc.. The safest notes are the smallest and most commonly used ones (500 & 250) and if "anyone" desires to research into this more, then please read what other countries did to the largest notes, check Wikipedia..over 19 in the last 50 years or look at the current dinar of Kuwait....1⁄4, 1⁄2, 1, 5, 10, 20 dinars. Were their notes always in these smaller denominations? FACT: Kuwait's' dinar is currently the richest note of face value in the world. Point being, the 3 zeros will be deleted with the decimal to be rounded to the nearest fraction (as Kuwait). The smallest bills will hold strong and be applicable but at a greater value and that is exactly why IRAQ has just introduced their newest notes that look exactly the same as the old (250, & 500) notes, and as you will read or see, they have made only a few changes in the newest notes. The new notes are only being instituted to create a security feature to remove the many counterfeits in circulations before the RV occurs in 2019. Now what truly amazes me is when people ask where is your information or source coming from..... Just Like Stocks, Currencies have the same levels of trading laws and if I had the time and date and what currencies will or will not survive or which ones will devalue, I couldn't elaborate on anything in that context. My only thought for anyone is to do your research again, and invest, or reinvest perhaps some more. Most importantly, please pay it forward in life by helping others less fortunate. That's the true rewards in life, it really is. Merci Beaucoup. GOOD FORTUNES TO ALL. Le Plus Grand'
  17. The IQD is going to change soon..... Salut a' tous les dinarvets I have reviewed hundreds of thousands of insightful, sometimes humorous, and some lesser value posts about dinars and investments by individuals from all walks of life and countless outlets as to their viewpoints, outlooks, and speculations. Apparently my post on 23/11/18 has somewhat resurrected some renewed interest in the deletion of the zeros article perhaps again. Thus out of the sky appears the DIAA Mohsen editorial 5 days afterwards which I read as correct and factual. I have extended my personal assessment of what the new exchange rate will be at on a certain date and also believe that it will equate at much higher level or value by year end of the same. This forthcoming interaction of new currency and renewed value will offer new beginnings for millions of people who have suffered much in their lives, some far greater than we could ever imagine or fathom. Peace on Earth and Good Fortunes to All. Adieu'
  18. Any disclosures presented; which would associate within these type of assets or investments that can be linked to (directly or indirectly) to any entity ( i.e. articles, conversations, documentation, persons, or other insightful declarations) would not be sound. The information that I have provided this evening is considered "speculative and exploratory based on my framework" of when any potential changes may occur. This is merely a personal projection, nothing more, for the record; Le Plus Grand'
  19. 2019: Currencies to be revealed 1, 5, 10, 25, 50 dinars 2019: Currencies to be removed 1,000, 5,000, 10,000, 25,000, 50,000 Float: n/a 2019: Coins to be revealed same - 2019: New Oil Prices... WTI Crude - 74.80 per barrel 25/03/19 Brent Crude - 93.45 per barrel 25/03/19 EXCHANGE Rate - 1.00 IQD = 1.19 USD Q: What is the Boy Scouts Motto? Good Fortunes To All
  20. Is it time to delete three zeros from the currency? This has always been the question for the Abadi Government since becoming the Iraqi's leadership. In 2005, I began to research the investment side of purchasing Iraq's Dinar., Like most all of us perhaps, many said it was a scam, even laughed. But I have read that in the U.S., there is only 5 million or less invested which is about 1.32% of the American population, and if there were not forums like Dinarvets on the internet to assist and inform people, it would be horribly less. Long before a few million people , I have been purchasing (2005-2016) Dinars and now I know more about a foreign country that I have never visited, than most all the other (39) countries that I have been blessed to visit, and even one that I lived in 2 years of my life. My point is simply this: I have invested in the largest notes down to the small ones to cover any irregularity of what may occur in this investment. Iraq's plan is to do exactly what is in the best interest of the 40 million Iraqi people and they should, but if we have all our bases covered, then we should be prosperous together too. IMO, My instincts tell me this new rate is coming soon and before we know it. God bless us all & Thank you Dinarvets.
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