Dinarrock

As it has been explained to me that yes once Iraq does finally stop the auctions something absolutely must happen with their currency. Reasons being as to why they are having the auctions in the first place started by Shabibi to control inflation and the dinar exchange rate! So something either has to replace the auctions or they have to go Article 8 and international this has always been the belief by a great many in this dinar community for a long time...guess we shall see but things sure do seem to be long up for this to be a spectacular month...sure hope something finally happens!

This one is HUGE!!!

Hilarious Thug!!

HCR May I ask what state this was in? I sure hope the husband sues the state and let’s the President know exactly what they are doing, just more proof the coronavirus isn’t as deadly as they say. They are only trying to drive the numbers up to keep the lockdown going for as long as possible to hurt Trump. I bet the deaths are half of what is reported!!

Agree all I will be doing the exact same thing, of course if we all buy that much XRP it will automatically drive the price up...lol

KristiD I can’t find the article but this was reported by a guru so it looks like Iraq borrowed the money from 3 major banks to cover salaries in May and June. **** Mnt Goat Article quote: "...the government resorted to BORROWING FROM THREE GOVERNMENT BANKS TO SECURE EMPLOYEE SALARIES FOR THE MONTHS OF MAY AND JUNE NEXT." So for now it appears the Iraq did not print any more currency or devalue the dinar. Instead they borrowed from 3 major banks to meet the employee salaries for May and June. Will oil prices rise fast enough to meet the July and onward salaries?...

And from our good friend Frank as he does get a good nugget here and there!..lol...actually love love this article! 5-21-2020 Intel Guru Frank26 ...ARTICLE FROM THE PARLIAMENT HAS BEEN RELEASED TO AVOID ALL CONFUSION ESPECIALLY FOR THE CITIZENS. Article: "A proposal on the government table to face the parliamentary economic and financial crisis warns!" Quotes: "raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis."; "the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see an increase in the exchange rates of the dollar due to the lack of its acquisition in the global market, especially with the decline in global oil prices."; "the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil." THIS ARTICLE IS...CLEARLY STATING THAT THE IQD HAS TO GO UP IN VALUE THROUGH THEIR EXCHANGE RATE...NOTICE WHAT THEY SAY ABOUT THE FLOAT..

Yes that’s exactly what it means awesome thanks for posting 6ly410!!

Agreed my lady is sooooo fat now since it’s been 15 years for me not sure if she will be able to sing or just explode...lol

Just because they passed the law really doesn’t mean much if you have no one to borrow the money from. the IMF has already told them they will lend them no more money so who are they going to borrow from is what I would ask?

The President has already signed an order for all of the meat plants to stay open there will be not shortage!

Exactly LB which is why I believe they will vote in his cabinet fairly easily! None of the corrupt Parliament wants to lose their jobs so hopefully Saleh is a good guy they fully believe he will dissolve Parliament per their Constitution! So again before all these three new PM designates were brought up Saleh was here in America I believe meeting with Trump so I truly hope he is aligned with America and played these fools like a fiddle and this third PM is the one that we want!! Guess we shall see very soon!

Well I sure hope you are correct my friend because if it gets anywhere close to 10K per coin I will be able to retire my great great grandkids that haven’t even been born yet..lol... question is should I buy more so I can retire my great great great grandkids..lol oh and the first round of beers are on me brother!!

Seems to me their only solution at this point is to vote in the new PM next week and then immediately raise the value of their currency! The IMF said NO mor loans so hopefully they are finally backed into a hole where raising the value is their only solution!

It was a joke get a clue sorry if you are too slow to understand! But again yes only people who actually hold the dinar outside of Iraq will be able to exchange for the higher rate in their own home currencies period, if you don’t believe that I would suggest you sell out and move on...it’s really not that hard of a concept to grasp really. Anyone inside Iraq will only gain purchasing power period that it nothing else they will not be exchanging for dollars or anything else except for their new lower denoms which will be a neutral event for them other then again they gain much greater purchasing power that’s it nothing else. Next time our U.S. dollar increases in value walk into your bank with either dollars in your hand or all the money you have in that bank and ask them to exchange it for the higher rate now...sounds ridiculous right, it will be the same thing in Iraq period it’s not rocket science... believe me or don’t again I don’t care I am done with this thread!

I’m under an NDA so can’t disclose it you will just have to wait and see post RV! Haha...don’t believe I don’t really care...for those that do I would highly suggest you keep trying to get your money out of Warka which apparently is impossible. With that being said if you don’t physically hold the dinar in your hand OUTSIDE of Iraq post RV you will not benefit from any exchange or increase in value period!! Again don’t believe me I really don’t care keep trusting the gurus and see where that gets you post RV..assuming they actually ever increase the value!! Peace out!!

Jaguar you are not thinking clearly or maybe I haven’t explained it clearly so let me try again. If you are an Iraqi and walk into the bank the day after the RV happens at say $2.65 and as an Iraqi you have 1 million dinar in your hand...How much money will you exchange for at that Iraqi bank?? Hmmmmmm... here is a hint if you were in America you would get 2.65 million dollars brother you are rich beyond your wildest dreams right!! However in Iraq you will never get 2.65 million dollars because all you get is the new lower denoms at that time period that’s it nothing else other then you will get greater purchasing power in Iraq. The only way for an Iraqi citizen to make a windfall on this investment is to somehow sneak out that 1 million dinar into another country which is 100% ILLEGAL as you have read this yourself by now I am sure! All other banks outside also know it’s illegal for an Iraqi citizen to take dinar out of the country so again they will not do any exchanges for said Iraqi citizen period! So last but not least if your money is actually in an Iraqi bank post RV you will absolutely not benefit one bit from a say $2.65 RV or RI you can take that to the bank my friend...it’s not my opinion it’s a fact that you can count on 100%!!! Does this make sense to you now, I know it’s a very hard concept for many in the dinar community to grasp and I don’t mean to sound condescending but just sit back and think about it for awhile and you will get it. Hopefully I have explained this concept better for many who read this to understand and yes it suck for so many that believed in the gurus that you had to actually open a Warka bank account that’s absolutely what makes zero sense to me sorry so many got suckered on that deal!!

I hope that you do fully understand that ONLY people that hold the physical dinar in their hand will actually be able to exchange at the higher rate period which again must be done out of the country to be able to exchange for the dollar or pound or whatever. Everyone in country you will only benefit from higher purchasing power if you actually lived there, It will be a neutral event if your money sits in an Iraqi bank even the citizens know this so good luck,,,you are better off pulling all your money out ASAP when you can.

The thought process has been that Iraq May change to be the same as Kuwait which would be April 1st. The article we read yesterday maybe a clue as to Iraq actually changing to this which would hopefully bring us our elusive RV at the same time!

Sorry Laid-back is also incorrect Iraq’s current fiscal year has always been the same as ours here in the U.S. January 1st!

Welcome back Yota glad to hear all is well!!

Yes that would be ironic however I will Take it and be happy as long as it’s atleast $1.17 or higher...lol...Also yes I bet the economy will be reopened by Easter!! We don’t close for the 50,000 flu deaths we have every single year approximately and we will not have anywhere close to that from the Corona Virus, all the models that the experts based their numbers on are turning out to be completely WRONG and way overstated!! So no we will not keep our entire economy closed for this virus very much longer!

As long as you can fully understand that when they RV their currency it Does Not create a bunch of Magic money for Iraq to pay anymore of their bills!! This is a hard concept for many to understand but if Iraq say RV’d their currency to say $1.00 tonight they would still need to borrow money from the IMF tomorrow to pay their bills. No magic money is created in that transaction it only gives the Iraqi people inside Iraq greater purchasing power that’s all that’s it nothing more!! Iraq will still be selling their oil for say $30 per barrel right now or whatever the going rate is that’s their income and they still will pay their bills from that it make no difference if their currency is a 1/10 of a penny or worth $5 to our US dollar they will still be short money to pay their bills hence why they will absolutely still need and ask for loans. Now what the IMF needs to do is say hey yes we will give you the loans you need to keep your economy going however only if you RV your currency and stop your auctions period...that’s what we need!

Thanks so much Keylime I love your analysis on this fingers crossed!!

Thanks for the information and I hope so as I bought a lot more XRP yesterday at .15 cents..lol..I have read and researched also and thank you for all your knowledge so hopefully one day XRP will payoff even higher then the dinar RV when it happens!!