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rvmydinar

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Posts posted by rvmydinar

  1. 1 hour ago, ronscarpa said:

    Paulette If they drop 3 zeros:  1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD. [Post 1 of 2....stay tuned - more to come.]

    More to come? Let's say if they drop 4 zeros: 0.132 IQD to 1 USD or 7.575 USD to 1 IQD. Therefore, 0.132 IQD to 1 USD is 7.6 USD to each IQD. I think gurus would definitely love this rate , wouldn't they.

    • Haha 3
    • Upvote 2
  2. 37 minutes ago, RJG said:

    The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars.

    1,320 delete 3 zeros equal to 1.32? Just wonder, is it going to be a straight RV or RD?? Just wait and see what the next article is going to say. Hopefully, no more talk talk talk and more actions.

    • Thanks 1
    • Upvote 2
  3. 12 hours ago, Longtimelurker said:

    Not sure but 3.47 IQD does in fact equal close to 0 USD

     

    16 hours ago, rvmydinar said:

    3.47 IQD= 0 USD. Does " 0 USD " mean that May Be we have to calculate to find out the real number?  Let's say if 1 USD=3.47 IQD, therefore 1 IQD=0.29USD. So, Can we say that the real number of

    " 0 USD " is equals to 0.29USD? This is just my guess.

    Oh well....my guess is wrong then. Nevermind.

  4. 24 minutes ago, ronscarpa said:

    Pimpy  If we went from where it is now at .00077 all the way up to $3.22, you're looking at a 4,180% increase in value.  The largest amount a currency ever revalued occurred January 1, 1948 when the Chinese government decided to revalue its currency the yuan as part of the efforts to stabilize the economy and recover from the devastation of World War II...The government set the new exchange rate at $1 US for every 1.4 yuan which was a 46.9% appreciation - The largest increase in value we have ever seen in the world is 46.9% in value...So Iraq is going to smash the old record of 46.9% increase in value by 4133%?  Not going to happen.  

    China isn't the only country which revalued its currency. Let's look at Kuwait. When Iraq invaded Kuwait in August 1990, the value of Kuwaiti dinar dropped to about 5 CENTS. In other wird, it took 20 Kuwaiti dinar to buy one dollar. In February of 1991, Iraq was expelled , and a month later the bank revalued their currency to 3.47USD. Therefore, when Kuwaiti dinar revalued its currency , you're looking at a 69.2 times

    increase in value, too. For example, let's say if this applies to Iraq dinar, then the current rate 0.00076USD x 69.2=0.05USD. So, if someone has 1 million dinar , he is making a profit=$50,000 as Ronscarpa has been explaining and posting it before.

    • Like 1
    • Upvote 3
  5. 11 hours ago, MommaMia said:

    Then you might have corporations whom might own billions and then there is we individuals whom own several millions to billions plus. 

    The Iraq dinar hasn't been RV'ing in the last 20 years, now the questions are:

    1.) How many individuals out there around the globe already lost hope and sold their dinar in the last 20 years?

    2.) How many billionaires / corporations ( for example: Bill Gates, Buffet, Elon , Mark Z, etc ) still believe and invest in the IQD in the last 20 years when they know they won't make any profit for themselves at all every year in the last 20 years?? They will invest in bitcoin or something else instead of IQD , don't you all think?

    3.) How many countries around the globe own IQD? My guess would be countries which Iraq has been doing business with. Let's say Iran.

    4.) Do IMF and World bank, etc own IQD? My guess would be not at all because when IMF loan money to Iraq, then Iraq has to pay back to IMF in " USD " , not in IQD.

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