Engine1
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Everything posted by Engine1
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Another Junk Currency, the Iraqi Dinar, Bites the Dust
Engine1 replied to Flamtap's topic in Iraq & Dinar Related News
The funny thing is,,,, we have all bought when it is low already ,, it just never gets high. -
Some people believe that the IQD will drop in value then raise. They might just be correct. Maybe the dropping in value is so Iraq can buy back more of their dinar with US dollar so there will be less out there when they revalue. My feelings is that to do this right iraq better stop the sale of dinar to keep it from getting into speculators hands. Or at least limit of the sale of the dinar, so that there is less dinar going out than coming in.
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This article sounds good. It's a great read.
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Sorry I read the article. They are going to devalue the dinar against the dollar. And yes this is going backwards from what we want.
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From what I read here. That they value the dollar more than the dinar. They want to raise the exchange rate of the dollar against the dinar. So the way I read this, is dinar will drop in value ( or like they said DEVALUE ) . But like some say. " this is smoke and mirrors " do you see the air quotes ?
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Consensus between Erbil and Baghdad on the 2021 budget
Engine1 replied to yota691's topic in Iraq & Dinar Related News
I hope the Iraqi Express dont detail. -
Experts discuss fate of the Iraqi Dinar
Engine1 replied to pokerplayer's topic in Iraq & Dinar Related News
Do you read my positive post or just my negative post. I can comment on anything I want to. If you dont agree with me so be it. But you must one of those who only accept the positives. Take off your rose colored glasses, not everything is rosy and shiny. I post on what I want. Try reading my positive post if you get butt hurt reading my negative post. -
Experts discuss fate of the Iraqi Dinar
Engine1 replied to pokerplayer's topic in Iraq & Dinar Related News
Or maybe just maybe the experts have studied Iraq and their economic position, and this is what they came up with a devaluation. Now if they would have said we must increase the value of the dinar, nobody would be hollering "smoke and mirrors" or "misdirection" nope you would have accepted it. Why is it when there is good news you accept it but when there is bad news, it's always smoke and mirrors. Dont ya think if they wanted to stop us from buying the dinar, they would stop selling it? I may be wrong of way off base but,,,, hey whatever. Bash all you want and hit those little emojis, you know the ones. The trophy, the arrows up the arrows down and the POW. I dont really care what I get. -
The exchange rate is very important, and any major change in the exchange rate and the float will be a disaster for the economy and its consequences will be complex and the economy will not recover for decades. this doesn't sound good to me, when they say " any major change in the exchange rate and the float will be a disaster " ya not good at all.
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It would cost them a fortune to drop the zeros off the exchange rate. That is why they are talking about dropping the 3 zeros off the bill. Read below The Iraqi economist Khalifa Al-Zubaidi says in an article that deleting zeros from the local currency is the process of replacing the old currency with a new one whose price is less than the old currency by the number of zeros that will be deleted. For example, deleting three zeros from the Iraqi currency means that one dinar from the new currency is equivalent to 1000 dinars from Old currency. "
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Reading this sounds to me that he is stating that "if you had 1dinar from new currency will be worth what 1000 dinar bill is worth from.old currency. To me it sounds like they will be deleting the zeros off the bill. Not off the currency rate. But that's just me thinking that, I am not into smoke screens or into conspiracies. So I posted this and if it makes you feel better give me a "POW" or a thumbs up or a trophy, those things dont matter to me, never have and never will. Oh ya read below this and read to the last sentence The Iraqi economist Khalifa Al-Zubaidi says in an article that deleting zeros from the local currency is the process of replacing the old currency with a new one whose price is less than the old currency by the number of zeros that will be deleted. For example, deleting three zeros from the Iraqi currency means that one dinar from the new currency is equivalent to 1000 dinars from Old currency. "
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I get a lot of them, but I really dont care if I get rubies or not. They mean nothing to me
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Can you set up DV site that if/when it RV's your site flashes "it RV'd" across the screen when a person opens it up? That way those who dont get the email can check everyday just by opening up the Dinar Vets website.
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This has been going on so long, when/if it happens I will need an AED to jump start me.
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Thank you Adam
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Everyday we are closer than we have ever been. But how close are we? Are we 25 years away ? Are we 8 years away? Are we 6 weeks away? Or are you saying we are closer because a day has passed and we are a day closer? If that's the case we will be closer tomorrow too.
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How close are we ?