Dinarrock

Your kidding right?? Their have been plenty of articles and reports on exactly what Iran is going to do, they are deleting 4 zeros off their currency, they are absolutely going to LOP! And let’s not mind the fact that you are completely misinforming the Dinar community and basically pumping people into buying Rials!! STOP BEING A PUMPER OF RIALS!! This is a dinar forum get over it!

DinarThug hope you don’t mind me reposting a couple of your articles: Inflation And The Poverty Levels Are Completely Unsustainable There - This Is From 3 Months Ago And It’s Only Gotten Devastatingly Worse ! 57 Million Below the Poverty Line: Iran Regime Parliament Predicts LIFE IN IRAN 17 MAY 2019 By Jubin Katiraie The Iranian Parliament’s Research Center published a report in which figures for the next 12 months show that between 23 and 40 percent of Iran’s population will soon be living under the absolute poverty line. This report displays the damage that runaway inflation has caused the Iranian economy over the last couple of years. In fact, the Iranian calendar year, which began March 21st, 2018 and ran through March 20th, 2019, saw the inflation rate reaching 47 percent, and the economy dropping to a negative growth rate. Last year the rate of absolute poverty only applied to 16 percent of the Iranian population, according to the report. This rate has increased to between 23 and 40 percent, and continues to rise. The declining real income in households during the current year will find more Iranian people having difficulties paying for basic necessities. Iran’s increasing unemployment will make things worse. The report confirms a large increase in the number of people living below the absolute poverty line. In terms of what the absolute poverty line is for a household of four in Tehran — last year it was around 2.5 million tomans or $592 USD per month, but by the end of the autumn it rose to around 3.4 million tomans or $805 per month. According to the study, seven deciles in Iran’s population fell below the absolute poverty line in 2018 and the report recommends that they be helped financially to survive. These vulnerable groups include: • Those who receive support from the so called Khomeini Relief Foundation and the Iranian Welfare Organization, • Workers who have lost their jobs, • Retirees whose pensions places them below the absolute poverty line • Government employees whose salaries are below the poverty line. Distribution of subsidies has missed the mark by a wide margin, according to the report. The policy of subsidizing the imports of basic goods has failed, and instead resulted in the steep rise in prices. To help the Iranians living under the poverty line, the Research Center recommends that the government provide them with “support packages.” These packages would distribute money to the seven top deciles, four times a year, in the form of cash cards that can be used exclusively to buy basic food items. The Research Center believes that 57 million people will fall under the poverty line over the course of the coming year, and must be assisted. https://www.iranfocus.com/en/life-in-iran/33528-57-million-below-the-poverty-line-iran-regime-parliament-predicts

Here are two I just found real quick: US report: economic tsunami strikes Iran .. And Tehran drains cash reserves 14th August, 2019 An economic catastrophe could hit Iran because of mounting US sanctions and Tehran could delay the collapse by depleting its hard currency reserves and circumventing sanctions, a US think tank said on Monday. Inflation The "Defense of Democracies Foundation" in a report published on Tuesday that the inflation rate in Iran jumped last month to its highest level since 23 years of his arrival to 40.4% on an annual basis, surpassing the level of inflation recorded in October / November the month of the year 2013, which amounted to about 36.2%. Exchange Iranian Rial and saw the report, written by the Director of the Iranian Studies Foundation, Saeed Jassim Nejad, that inflation could be in the coming period continues to rise dependent on several factors, including the Iranian rial exchange rate, the flow of hard currency, and the level of exports, and the stability of the financial system, and the ability of System on the import of consumer products and capital goods necessary. A grim picture of the report pointed out that the economic developments in the recent period , "paint a grim picture" of what will be the economy of Iran as a result of the continued decline in oil exports, which form the backbone of a reserve of hard currency for Tehran, pointing out that the problem will worsen also because of the continuing decline in petrochemical exports and diminishing the ability of banks Iran to obtain hard currency from oil export revenues because of sanctions. Reduce the support report it revealed that the Iranian regime is currently considering cutting subsidies on some basic food commodities and raise the riyal exchange rate , pointing out that those steps may be useful for economic reform programs in the long term, but could push inflation rates to new record levels. “The Iranian regime may be able to delay an economic catastrophe by depleting its foreign exchange reserves, cutting back on infrastructure projects and trying to circumvent US economic sanctions,” he said. Foreign investment "But the fact is that over time will lead to a significant decrease in employment opportunities for Iranians, especially since these measures mean a sharp decline in hard currency and the flow of foreign investment and the continued weakness of commodity imports .. This course will increase the risk of a comprehensive financial collapse.“ Negotiations The author said that accepting Iran to negotiate with Washington may be the only hope to avoid an economic disaster, expressing his belief that US President Donald Trump to take advantage of the economic difficulties in Iran and tighten sanctions to force it to negotiate. “Trump should not show that he is in dire need of a deal with Iran, but continue to tighten sanctions because that is the sure way to subdue them,” he concluded.

Nope but I believe there was one posted in one of the threads also today or yesterday by Thug, can’t remember which one. But its easy to know what the conditions are in Iran they have been deteriorating immensely for some time as there have been plenty of articles regarding the subject matter.

Truly amazing articles on deleting the zeros and coins today!! Now come Iraq RV your currency to atleast $2.10 per the dollar and make those new coins worth something...GetRdone!!!

Iran will LOP first possibly as their country is in complete financial ruins Period!! Iraq will RV, however with that being said neither of the two have any bearing on the other period!!

Thanks Carrello something I bet the 2 Yoots haven’t figured into their equation yet...lol...but no matter I don’t think they will have to try and sneak out of America and then lie to customs agents in another country and spend time behind bars all because of trying to illegally do an exchange of the Rial...the reason I say this is because if and when they do finally change the Rial to the Toman it will be a LOP!!!

Cranman they only have to cover the dinar that is circulating inside Iraq not outside the country! They have been drawing in the 3 zeros notes as best as they can for awhile now. Remember the 2 trillion or so inside Iraq is only worth whatever billion dollars. I am sure you have seen the CBI articles also over the last year or so saying they have coverage of one and half times or two times their currency in reserves! Again they have more reserves then that because they don’t tell us everything. This is why you have seen reports that their currency value has been around $1.13 to $1.17 from the GCIR reports. We saw in an article in the last 3 or 4 months back that they had the value at $1.71in 2017. This currency will revalue it will never never never be a free float like clueless kaperoni says period!! I don’t have time to write a dissertation here as to why this cannot and will not free float but I know with 100% certainty it cannot! They have even told us that many many times in articles from the CBI and IMF as Iraq is an oil producing country and these types of countries never free float it will be a managed float when they are ready to change the value. Can you also imagine the logistical nightmare all the shops and store owners would have raising prices every other hour...lol.. The country would get bought out and swallowed up by other countries almost instantly if they free floated from 1170....lol.. that’s all I am going to say for now everyone have a great day I am out to enjoy the weekend with wifey!!

Well atleast he finally got something correct!

Fake news or just plain BS, just like most of the media here..See people will believe anything if it’s reported from a news source. Maliki owns most of the news media in Iraq in case you didn’t know!

Yes thanks the good ole CC days I remember you from there! Hard to believe we are still here approaching 2020 right..lol

I have been giving you greenies also Carrello!!

Guys sorry again but that is not the way it work they will not be millionaires in Iraq they only gain purchasing power!! Only people who hold physical dinar outside of Iraq will be able to exchange for the higher rate. People inside Iraq will exchange for the lower denoms and gain purchasing power only! The only Iraqis that are already millionaires that will gain are the corrupt politicians like Maliki if he is still around that will easily have currency already outside of Iraq.

Nope you are 100% wrong! And since you think this is a bad investment please sell all your dinar and move on why bother yourself with posting on a forum!!

Yes another great observation sir Yota!! The whole revaluation and Fiat Ponzi money scheme we have in society today only works if people actually keep their money in the bank. So again sounds like a brilliant move by those in charge by advancing them their money but they also have to have a bank account to do it...Brilliant!!!

Okay I will again agree with Floridian only because I am from Florida originally..lol...No that’s not the reason but Synopsis you really really made some wild assumptions there brother! I don’t know Botz either but I too know someone other then him in that private group. AND YES there are people in the dinar world who actually do have some connections that will NEVER EVER be on a damn dinar site seriously!! You really think the information posted here is used somehow possibly in a private dinar group..lol..Nope again all these articles are brought here from other sites or news sources. Like our news media here a lot of these articles are printed by Maliki owned news sources which are total crap! Either way Synopsis I have enjoyed reading your thoughts and yes they are very difficult to decipher at times but never ever assume the things you did about someone when you don’t know them personally, you really stepped far out on that limb as they say!

You sir are 100% correct that is the only way it’s going to work!!

Thank you cranman I think you explained it better than I did, even though I was trying to say the same thing...lol

Sorry you find it insulting but you must really be tired today! So I know I can get this way at times especially at after a long week but Iraq will not stop doing there daily business in the assumption the RV is just around the corner. Again digital money has absolutely no effect on if the RV happens in the future it is the value today but will not gain any RV value if it happens the day after they post this money on their cards. Only people who actually physically hold dinar Outside of Iraq will benefit when an RV happens. Anyone inside Iraq will have to exchange for lower denoms and they will only gain purchasing power. I know I am not the best at explaining it sorry but I have also been in this investment since 2005 and have forgotten more then I can remember about it..lol

Floridian you really should know the answer to this by now! Iraqi’s earn money every single day and spend their money every single day. A dinar is only a dinar in Iraq, just like a dollar is a dollar here in America when the value changes only their purchasing power will change period. Digital money will not be effected only people who actually hold the dinar in their hand will be able to exchange and see an increase in actually value. An Iraqi will not be able to do that unless they illegally take it out of the country somewhere else to exchange for dollars or Euro.

They are not giving them physical currency it’s put on a card.

That’s the funniest thing I have seen in a long time thanks for the laugh!!

Yeah but we need the RV to happen before that!! My guess is that is still a long ways off Floridian.

Iraq still does not have a fully seated government! They are missing the education minister and have tried a few times to get one voted in but didn’t. They talked about combining this position with the higher education minister but again they have not! They have talked about voting in a new CBI Governor but have not! My guess is until these two big items are completed we will have no RV period! How long that takes is anyone’s guess but I also do not believe the HCL has anything to do with the value of their currency we do not need that law.. once that passes they will distribute the wealth to the Iraqi people no matter what the value is!! We also see Iraq get many things accomplished behind the scenes at times so if and when this thing finally does RV I bet you will see very quickly a whole bunch of laws either already passed and waiting to be implemented or they will be completed in an emergency Parliament session if needed. The big law that was already passed is the FML law which was supposedly put in force this past week I think but who knows. I would imagine though the next big window of opportunity will be first of January but really hoping they surprise us and pull the trigger sooner IMO!!

I agree With you Laid Back!