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Engine1

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Posts posted by Engine1

  1. If it doesn't RV before Ramadan, it wont happen during Ramadan... so it will happen after Ramadan.... heard this a lot in the years I have been in this forum well every year...But if you look at it this way, after Ramadan is still before Ramadan just many more days before the next Ramadan, or you could look at it this way, before Ramadan is still after Ramadan just after the last Ramadan which is before the next Ramadan.  But come on like I have said this bs about Ramadan comes out every year.  

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  2. 3 hours ago, rvmydinar said:

    It depends on what currency you hold. From 500 Won/ USD to 1,200 Won/ USD, it is called devaluation/ decrease when someone exchange Won for Dollars. However, if someone trade Dollars for Won, then it increase almost double. From 1976 until today 2022, that has been almost 46 years. Hopefully, someone won't definitely  compare between IQD and a korean Won at all. Both of them are totally different.

     

    When I bought my dinar, I paid 620 bucks for a million, so I guess you could say I made some money on what i called beer money. Beer money because while in Iraq i am sure i saved that amount not drinking 

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  3. 9 hours ago, screwball said:

     

    none of those countries had an exchnage rate of between 3.22 and 2.50...no of these countries have as miuch oil and gas, and gold? also you failed to mention oil rich countries and those not in the middle of a 

     

     

     If they cannot afford a stronger dinar, how are they going to move to an open market economy with a exchange rate of 1460 IQD per $.

     

    I didnt fail to mention anything I was just showing Laidback that there are other currencies than dont have much value compared to US dollar.  So why couldnt Iraq leave it where it is and deal in Dollars too? I wish people would quit comparing Iraq to other countries.  Iraq has oil yup they do. They have nothing else going on for them, just oil, no decent government, the government they do have is a bunch of crooks oh yeah no tourism, oops Erbil is a tourist location. I spent 3 years in Iraq and traveled around Kuwait and UAE spent some time in Saudi Arabia. Iraq is a country with nothing but oil. 

    So my point is that they can stay right where they are and still deal in Dollars. Would you RV knowing you have 1 million out there at .00083 dollars per dinar just to shell out a ton of your money as soon as it RV's let's say at $1 ????  So you sold it at 830 per now you are paying 1,000,000 per million. Hmmmmm now multiply that by all of the people who bought from you.  It doesn't sound profitable for the person who sold it to the person cashing in. Kind of sounds like a major loss.  

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  4. 3 hours ago, Laid Back said:

    If they cannot afford a stronger dinar, how are they going to move to an open market economy with a exchange rate of 1460 IQD per $1

     

    Just look at the exchange rate of the countries that surrounds Iraq 


    Go Iraq 

    Go open market economy 

    Go stronger dinar $1+

     

    • 1 – Iranian Rial (~266,500 IRR/USD)
    • #2 – Vietnamese Dong (22,689 VND/USD)
    • #3 – Indonesian Rupiah (14,380 IDR/USD)
    • #4 – Sierra Leonean Leone (11,357 SLL/USD)
    • #5 – Lao or Laotian Kip (11,348 LAK/USD)
    • #6 – Uzbek Sum (10,850 UZS/USD)
    • #7 – Guinean Franc (9,078 GNF/USD)
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  5. 2 hours ago, 6ly410 said:

    The Central Bank: The dollar exchange rate is stable and there are no intentions to change it

    upload_1645383921_1219413458.jpeg
     
    News source / Iraqi News Agency (INA)
    Baghdad -

    The Central Bank confirmed, today, Sunday, that the dollar exchange rate is stable and there are no intentions to change it.
    The bank's media office stated in a statement received by the Iraqi News Agency (INA), that "there are no intentions to change the current exchange rate, especially after the positive results it achieved during the past period."
    He added that "the discussions that took place during the hosting of the Governor of the Central Bank of Iraq in the House of Representatives on Saturday, corresponding to February 19 2022, emphasized the need for concerted efforts by all government institutions to improve the economic and living standards of the poor classes that were affected by the high rate of inflation."
    And the office called, "not to deal with news that indicates the possibility of a price change." 
    He stressed that "the central bank possesses sufficient foreign reserves to stabilize the current exchange rate

    Mi smoke screen here.  Just reporting the news. 

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  6. On 2/9/2022 at 6:31 PM, dinareffic said:

    Agree.  That’s a date I always look at every year.  If nothing by or in April 30th, I’m afraid we waiting till next year.  But with that is happening I feel our wait is nearing its end. 

    Somebody got people excited for February 9th that day has passed, so after April 30th passes, can I pick a day?  How about May 11th that day is national eat what you want day.  I dont want to eat my words, but how about we chew on a RV.....

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