joeintt

Is it really more LOP talk or is it what we don't want to hear...do we open our eyes and see what we are being told or do we close our eyes and be told what to see......Be blessed all

I hear you USNA67.....but is that really what IRAQ is worried about?? I want a big RV to happen and to become a millionaire overnight (as we all are being told will happen), but in reality is that what CAN REALLY HAPPEN? Does the USA and England really have that much control over Iraq to make them RV at such a rate that would result in such a tremendous financial gain to ordinary folks like you and me.... far less many countries around the world. I really really wonder??

Note this interesting post below........Joeintt Iraq Central Bank Plans to Rebase the Dinar!!!!! I am not really sure how creditable this site is be here is the link and what is posted yesterday.... Monday, Mar 15, 2010 (Adds more quotes, details.) By Hassan Hafidh Of DOW JONES NEWSWIRES AMMAN (Dow Jones)--The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement Monday. "The Central Bank affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for the project we have yet to decide on suitable timing to implement the project," it said. Choosing a suitable time wouldn't be linked to economic aspects only, but rather to the security situation as well, it added. Separately, the bank's senior advisor Mudher Qasim told Dow Jones Newswires that knocking off the three zeroes would improve the value of the Iraqi dinar which is trading Monday IQD1,170 against one US dollar. If the rebase decision is taken it means a current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars. The bank said that knocking off three zeroes from the dinar would "improve management of the currency and facilitate cash dealing." The decision was the result of debate with the economic commission at the Iraqi cabinet, it added. Currency rebasings are usually monetarily neutral and are introduced to make commercial calculations easier and cheaper. Turkey, for example, knocked six zeroes off its lira currency in 2005. Russia did the same for its currency. Qasim said one of the reasons for rebasing the Iraqi dinar is because the bank has managed to reduce the country's high rate of inflation. The inflation rate fell to 6.1% in December 2009 from a record high of 60% in late 2006. In July 2004, the now dissolved U.S. civilian authority in Iraq decided to print the current Iraqi banknotes replacing those that used to bear the picture of the former Iraqi leader Saddam Hussein. Iraqis then had three months to swap their old dinars with the new ones. The central bank's advisor said that if the project was implemented the central bank would need to print new banknotes. - By Hassan Hafidh; Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com Copyright © 2010 Dow Jones & Co. (END) Dow Jones Newswires 15-03-10 1036GMT Any thoughts!!!!!! http://www.zawya.com/Story.cfm/sidZW...%20Fixed%20Yet

more and more as I follow this situation it is becoming clear to me that this knocking off of 3 zeros (lop) is very real and credible. I am thinking that a LOP and then an RV of about $2-$3 could be very real. This would result in a return of 200% to 300% for any IQD investor and not that of a zillion % (lol....just being facicious) as we are all being told by the gurus to expect. My view is further reinforced in my mind since the main players in Iraq are all clearly stating to all the world that they intend to rebase (??) the IQD. They would only do this if they knew that their country would not be badly hurt by their premature utterances of a pending RV. So...do we open our eyes and see what we are being told or do we close our eyes and be told what to see......Be blessed all

more and more I follow this situation it is becoming clear to me that this knocking off of 3 zeros (lop) is very real and credible. I am thinking that a LOP and then an RV of about $2-$3 could be very real. This would result in a return of 200% to 300% for any IQD investor and not that of a zillion % (lol....just being facicious) as we are all being told by the gurus to expect. My view is further reinforced in my mind since the main players in Iraq are all clearly stating to all the world that they intend to rebase (??) the IQD. They would only do this if they knew that their country would not be badly hurt by their premature utterances of a pending RV. So...do we open our eyes and see what we are being told or do we close our eyes and be told what to see......Be blessed all

I believe that both will happen....a lop and a RV. This way everyone will be able to benefit from the RV yet no one will continue to be working for US$1,200,000 per year just to sweep the streets

i BELIEVE EVERY WORD OF IT....IT SOUND PERFECTLY CREDIBLE TO ME......LOL

Of all the folks that post on this site I really look forward for those from Enoreste and Fi3ry P. Unfortunately, Enor. has on more than one occassion made a date and rate prediction that failed to materialise. This is the one thing that has often scewered my confidence in his post. Fi3ry on the other hand has always stopped just short of stating a date and rate... this, to me, keeps his credibility in tact. Equally, I know that this is a Rumor site but it is sometimes very difficult for some of us lesser beings to see this after we read the quality of your post, the well thought out analysis and the general professional layout of your respective arguments. Notwithstanding the above, I really do appreciate the input of these two gentlemen. Be blessed my brothers

Of all the folks that post on this site I really look forward for those from Enoreste and Fi3ry P. Unfortunately, Enor. has on more than one occassion made a date and rate prediction that failed to materialise. This is the one thing that has often scewered my confidence in his post. Fi3ry on the other hand has always stopped just short of stating a date and rate... this, to me, keeps his credibility in tact. Equally, I know that this is a Rumor site but it is sometimes very difficult for some of us lesser beings to see this after we read the quality of your post, the well thought out analysis and the general professional layout of your respective arguments. Notwithstanding the above, I really do appreciate the input of these two gentlemen. Be blessed my brothers

I disagree with the statement that to repay IMF you MUST have a tradeable currency. Iraq earns USD from sale of oil....this USD can be used to repay IMF. I am not saying that this means that nothing will happen this weekend or soon...but I am saying the "tradeable" issue is not relevant to if the RV etc. is going to happen

Ok soldiers, it may be time to BITE THE BULLET! by GIDEONX As much as we would like to hang on THE DREAM, everything we have been reading for the last 2-3 weeks seems to point to the dreaded LOP ( removing of 3 zeros): The change/reduction of wage-earners' salary from 940,000 IQD to 940 IQD for eg. Based on a redenominated/rebased rate of 0.857, the new salary would be 805.58 IQD, To raise the salary to 940, there has to be a RV of 940/805.58= 1.166 Now, IRAQ achieves its revaluation of its currency to match the US, ie 1IQD = 1 USD.[/I][/I][/I] IMO...I agree with everything said in the above statement up to this point!! However, IMO....I believe that the only other thing that will happen is the 3 zeros will be taken off of all salaries and the retail prices of everthing. That it .....nothing else will happen!!!! This way, every iraqi will also get a windfall of their IQD's being revalued at 1.116. They will not be treated any differently than the rest of the world. Also, in time, all of the denoms with 000's will eventually be taken off the marketplace as they are returned to the banks...even so they will have no value after Dec.31, 2010. Be blessed my friends.......and remember this is just my opinion!!!

IMO...I agree with everything said in the above statement up to this point!! However, IMO....I believe that the only other thing that will happen is the 3 zeros will be taken off of all salaries and the retail prices of everthing. That it .....nothing else will happen!!!! This way, every iraqi will also get a windfall of their IQD's being revalued at 1.116. They will not be treated any differently than the rest of the world. Also, in time, all of the denoms with 000's will eventually be taken off the marketplace as they are returned to the banks...even so they will have no value after Dec.31, 2010. Be blessed my friends.......and remember this is just my opinion!!!

COB come on bucks !!!!

This is exactly how I see it too!!! They need to MAKE ABSOLUTELY SURE that M is reelected. If they allow the RV before the election then they will have no control with who ever wins the elections.....should it not be M...jmo

I call that a lop

How many people would be prepared to confirm that they BOUGHT MORE DINARS in January and February of this year (2010) since all of the hype about an imminent RV by Feb, 7 then 12 then 15, etc. and that we were all going to make a kazillion dollars. Are we all being duped.....by a well orchestrated pumping machine?? I am really beginning to fell like I am a real sucker!! Anyway see my answer to my question below: I bought more ps: My God is an awesome God and He will turn people's evil towards me to my benefit..PTL!!

It may not be productive news to you.....BUT....it may be the truth. We must remain open to ALL possibilities....regardless to the way we would LIKE TO SEE IT HAPPEN. Peace and Love all

see the smaller denoms on the CBI link www.cbi.iq/index.php?pid=Banknotes Is the RV next to happen?

Feb 07 2010/$1.37 and what will we all do after the RV now that we will now have no reason to log in here

Well said......this is exactly how it will be read.....RV now or else......more dinars will be bought now!!!

imo ...the low demand for the USD is based on the fact that since the RV is now imminent it would now make no sense to spend 1170 dinars to buy 1 USD when all you have to do is wait for the RV and spend way less dinars to buy the same USD.

well stated and analyzed

here go nothing

good info...thanks...any links?

a sucker is truly born every minute