Fi3ry_Ph03n1x

I bet iluvdinar! gets thanked more than the average member because she is good-lookin. Human nature, right? By the way, ILD!, I think this has already been posted, but it doesn't hurt to make sure, right? FP

NFL: Even after a LOP, our Dinar are probably going to return anywhere from 150% to 400% which, if you are in the stock market, you know is a very sizable return. So selling Dinar is a bad idea, even for the pessimistic. It sounds to me like you are really saying that you only want to hear from people who are going to get you all pumped up about a huge return and ignore the reality that it could be a small return on investment. You can believe whatever you want to believe, but everyone has a right to their opinion. Don't you agree? FP

Great idea. Sounds to me like, "Best advice I can give you is to stick your head in the sand and ignore the possibilities of redenomination." Jack Davis, nor anyone else knows for sure what is going to happen with our investment. It could make us fabulously wealthy, or it could be a small, but still descent return on investment. But I would be hesitant to listen to anyone who advises you to ignore any potential outcome. Redenomination is real... it has happened, I believe, to sixty countries since 1960, and it can happen in Iraq. Bottom line, if you are here because you want to get pumped up and excited about your Dinar, then you should ignore my posts. If you want to keep your head out of the clouds and remain cognizant of all the different potential outcomes, keep an open mind and read/analyze all available info. Don't let this be you. Listen to all viewpoints and think for yourself! FP

This price is 1028.8065 IQD per 1 USD. My bank is exchanging at 1173 IQD per 1 USD... better by around 150 IQD per $1. The variation in price is the difference between the bank rate and the cost for this company to be in business. On the plus side for the bank account, the bank pays a very good interest rate (mine is 11% because I opened the account several years ago. I understand that new accounts are being opened at 10% now), and the down side, your money is in a foreign country as opposed to stuffed safely under your mattress. FP

Hi Mesha, and welcome. I'm new to DV.com also, but have had my Dinar for several years. If I understand you, I think you have two separate questions. #1, what is the 'recall' and how will it affect the value of your Dinar, and #2: How will a move in the exchange rate affect its value? Alright, the recall you mentioned is called a redenomination... commonly called a LOP in slang terms here. I just posted some info for Scmidt545 on redenomination. Check out the previous post and the article in the link to understand what a redenomination means and how it might affect us. We are only speculating as to whether or not the Dinar will be redenominated and, if so, when it will happen. I don't have an opinion on this. Now, how does a move in the exchange rate help or hurt us? Well, for practical purposes, exchange rates can only improve our situation as the Dinar is severely depressed. Currently, 1 IQD will only buy about 0.000845 USD (8/100ths of one penny). At my bank, I would have to give them 1183 Dinar to get $1 USD. So when we say that a Dinar will go up to $2 or $3 in value, that is going up from .000845... a huge increase in value. This is commonly called an "RV" on this site. RV meaning revaluation. The hard part is understanding how these two can affect one another. And this depends on the timeline that they are implemented on, if at all. If an RV happens and a LOP does not, this is very good. If you have 1,000,000 IQD, and an RV happens at $1.49 USD:1 IQD, it means that your Dinar are now worth $1,490,000.00 USD. Excellent news, and if the exchange rate is $2-$3 or higher, it is even better. If a LOP happens and then an RV, your 1,000,000 gets 'lopped' down to 1,000 IQD and then RV'ed at $1.49 making your IQD worth $1,490 USD. Still a good profit percentage, but nowhere near the first scenario. So that is how it works. What actually happens remains to be seen. Hope this helps. FP

Schmidt: Dropping 3 zeros is called redenomination. This occurs when a country has a high ratio of 'units' for every USD (in our case, the units are Dinar... or in Venezuela, the Bolivar, or whatever the local currency is.) The slang term for redenomination is "LOP" as in lopping off some zeros to bring the units on par with international standards. When a country redenominates, they introduce a new set of bills where the value is equivalent to an old bill with more zeros. The old and the new currency can, and often do, have the same name. So don't let it confuse you that a 25,000 Dinar note can equal a new 25 Dinar note. Just because they are both called a Dinar does not mean that they have to be comparative in value. When Venezuela redenominated, I believe that 10,000 Bolivar became worth the same as 10 new Bolivar. Redenomination is done for various reasons, such as to try and instill confidence in the local currency, signal major reform of monetary policy, indicate the end of civil war/unrest, etc. You should check out the article link found in this post if you want to fully understand redenomination, what it does and does not mean, and how it can potentially affect our investment: http://dinarvets.com/forums/showthread.php?9287-Anyone-else-find-it-suspicious&p=60886&highlight=#post60886 FP

Redenomination and revaluation will probably happen at the same time. It would go like this: #1: 25,000 IQD currently = somewhere around $21.25. (Exchange rate of .0085) #2: 25,000 redenominated (lopped) to 25. At the same time, exchange rate (RV) goes up to 1.49 USD per 1 IQD. #3: Now you have 25 IQD x 1.49 = 37.25 #4: Profit made = 37.25-21.25 (or whatever you originally paid per IQD). In this case, it is $16 per redenominated IQD, or 1.6 cents per original IQD. This is a percentage gain of 175.29%. This is a very respectable increase per IQD. If you are here because you want to dream of unfathomable riches, obviously you'll want to ignore this logic. If you are interested in a full grasp on what redenomination is and how it works, you'll want to read the research paper that I linked to in this post: http://dinarvets.com/forums/showthread.php?9287-Anyone-else-find-it-suspicious&p=60886&highlight=#post60886 As I always say, plan for the worst, but hope for the best. FP

Here's something good, Sonny: The value of our Dinar is probably going to be a good investment even if it doesn't RV. So, I wouldn't give people the advice you gave... don't go and sell your stash. Even if it doesn't RV, you'll probably still do way better than you would with a savings account or the stock market. BTW, Sonny. Take it easy! Don't want to die of a stroke before you get rich. Just cuz other people have differing opinions is no reason to blow a gasket bro! FP

I'm with keylime on this one. Otherwise, you basically have a news story that says, "If you bring us a 25k note, we can give you 1000x 25IQD notes in place of it." A news story that says that, "we are printing smaller bills, and will be able to make change"??? The ability to make change for a large bill is not news. Redenomination does not = making change. Redenomination means that this old bill is now worth the value of this new bill. I could be wrong. I sure hope the RV happens. Just being realistic in my opinion and assessment of what we know so far. FP

Thanks NFL: Just want to say that I dig your honesty. I wish that my honest opinion were appreciated, too.

Thanks NFL: I dig your honesty. Sorry that my honest opinion isn't appreciated by you. FP

Check out the following two screen shots: http://lh4.ggpht.com/_U7MndTrtZA8/S3BF2WP-C0I/AAAAAAAAACs/AcJsKsUQi-c/s400/Fail%21.jpg and... http://lh3.ggpht.com/_U7MndTrtZA8/S3BFx2AHuLI/AAAAAAAAACo/96siAWfpcmY/s400/Success.jpg Here is a link in case the images don't upload: http://picasaweb.google.com/mandkj/DinarVets# I know that I am more skeptical of the RV and Redenomination than many of you, but must I be banned from accessing the website? In the first screenshot, I'm trying to log in through the normal dinarvets.com URL address. It hasn't worked for four hours even though I can browse to other web sites just fine. In the second screenshot, I am logging in through an anonymous proxy server, and the site is obviously up and running. I am only able to post this right now because 'I am sneaking in the back door' of the website through the zend2.com proxy server. Everything else is the same... same computer, same internet browsing window (just two different tabs), same internet connection. Only thing different is the proxy server. Now I'm not one to jumpt to conclusions. There may be another reasonable explanation for why it isn't working, so although it feels suspicious, I know that it well may be another problem. I guess we'll know if this post is deleted. FP

Terr: It doesn't stop. That is part of why I posted this. Everyone has to decide who they listen to for advice. I just want people to have some levity and pragmatism in situations like these. When people eschew thoughtful, conservative posts, and spend eight pages fawning over, "What am I going to buy first with my Dinar?", it sends up a red flag. I mean, I don't think of myself as the forum police. Each to his own. I just had hoped to give some perspective to people on where they are developing their positions and viewpoints. Hopefully I've helped people to think. I don't care what they decide. Just wanted to get people to ask themselves the right questions. FP

Good questions. It is obvious that you have a keen mind because you are asking the questions that matter in the big picture. I have some answers, but it would take too long, and I couldn't do it better than my source did. If you have some time, give up a couple hours of your life to read this post (http://dinarvets.com/forums/showthread.php?9272-The-Money-Masters) and watch the video. Link included in the original post. You will come to understand SO MUCH about what the CBI is, why we are in Iraq in the first place, why Kuwait is resistant to Iraq's financial reinstatement in the international community, and so much more. I know that there is some questionable material in the video so trust but verify everything you hear. I think, in the big picture, it isn't just consipiracy theory, though. This video gets it right. You won't regret it if you really want answers to these questions. FP

"Dropping Zeros, Gaining Credibility? Currency Redenomination in Developing Nations", Asst. Professor Layna Mosley. http://www.unc.edu/~lmosley/APSA%202005.pdf P.1, Par. 2: "This [redenomination of the Turkish Lira] was meant to herald, along with a series of other measures, the emergence of Afghanistan from years of civil conflict, and its movement toward modern nationhood." Interesting. It wasn't meant to herald the end of high inflation. Inflation being the result of the conflict, not the cause of the redenomination. Let's read on... P.1, Par 3: "Currency redenomination also can be a means by which governments attempt to reassert monetary sovereignty. If citizens lose confidence in the national currency, they may begin to use foreign currencies, particularly those with greater prestige." P.1, Par. 4 "Economic policy is influenced not only by international capital markets (e.g. Mosley 2003), but also by foreign central banks." So it isn't just high inflation that can influence a redenomination, but also international capital markets and foreign central banks? Did I read that right, Earnest? P.1, Par. 5: "Yet not every country with high levels of inflation, or with a low local currency/dollar exchange rate (so that thousands of local currency units are required for everyday transactions), chooses to redenominate its currency." I see. So some countries have high inflation, and/or a low exchange rate against the dollor, but the do not necc. redenominate their currency. I'm only through page one of this article, and I've already found several thought-provoking quotes. If you'd like to learn more about redenomination, I'll let you read the entire paper yourself so that you can offer an educated opinion on the matter. From the same source, p.2 Par. 2 "Among developing and transition nations, currency redenomination was employed on 60 occasions during the 1960-2003 period.2 These redenominations varied in size, from removing one zero from the currency (14 instances) to removing six zeros (9 instances); the median redenomination was three zeros..." You'll notice that your 25,000 IQD note ends with three zeros, as Prof. Moseley cites as the median redenomination. I trust that these statements have been thought out sufficiently for your advanced understanding of redenomination. Dropping the Gauntlet, FP

All of us hope for a great outcome with the IQD, so in that respect we all have the same goals, hopes, and dreams: Millions for us and an immediate boost to the Iraqi people with their economy. However, we shouldn't let our hopes and dreams color or skew our judgment. Remember this: The cheerleader is always optimistic no matter what the score is. That is her job. It makes us feel good and lifts our spirits, but in the end, does it really have any effect on the score of the game? The coach, on the other hand, knows full well that reality is not decided until the game clock runs out. The final score is the only thing worth paying attention to. If the other team scores or causes you to fumble and then recovers it, a good coach doesn't say, "No problem. This is great news!" A coach may be optimistic, but first, he is realistic. I just want to encourage all of you that, as we go through life (not just an IQD forum), it is nice, on occasion, to listen to the cheerleaders in your life. Everyone likes to feel good. However, in the long run, you are better served by finding the coaches in your life who know that winning AND losing are potentially your reality. These are the people who will help you find the best information and understanding of the world around you, and ultimately to be as successful as possible. When you listen to the coach and if you then win the game, I promise that all of the cheerleaders will say, "I knew that you would win!" Hope for the best, but plan for the worst. FP

By the way, I should clarify that I AM NOT the Phoenix mentioned in the original post, nor did I come up with this screen name to try to impersonate him/her. I've been using Fi3ry_Ph03nix for quite some time. It's just a coincidence. FP

True Muhammad, which is why the could (and probably will) LOP and then revalue at the same time. It would go like this: #1: Start with 5,000,000 IQD #2: LOP to 5,000 IQD #3: Revalue to 1 IQD:1.49 USD #4: 5,000 IQD now worth $7,450 USD. #5: Pocket a still-respectable 149%+ return or higher if you wait longer. Not millions, but not a loss either. Now I don't hope for this. I want a revaluation first as much as anyone else. But this is a very realistic scenario. The wise hope for the best and plan for the worst. FP

All of us can google 'wiki large currency'. Let me break this down simple for those who don't want to read it all. Yes, the US used to have bills that range from $500-$100,000. I believe they are all still legal tender. They are just not being minted and circulated anymore. They were removed from circulation to stave off counterfeiting. THIS IS NOT THE SAME AS A REDENOMINATION! A redenomination is when one bill becomes worth the value of another bill. The US never dropped any zeros off of the large bills. They simply stopped printing them. Now those large bills, as previously stated in another post, are still legally worth what they are printed as being worth. However, people pay a lot more for them because they are rare collecter's items. Redenomination is totally different than taking a large bill out of circulation.

It isn't worthless is they LOP and RV at the same time. #1: Start with 5,000,000 IQD, #2: LOP it to 5,000 IQD, #3: RV that 5,000 at 1.49 USD, and #4: you have $7,450 USD. That is still a huge profit margin compared to other financial outlets, but obviously we want an RV to happen prior to a LOP. Either way, we all win. LOP first and RV, we win small, RV first and LOP second, we win big.

I'm not sure who you are responding to since you didn't quote anyone. But, if you are going to tell someone that they need to go back to school (implying that they are not smart), you might want to start by spelling 'sense' correctly. It lends credibility to your argument. FP

Actually, CM: we are on the gold standard now. There may not be any gold left in Ft. Knox because it was all transferred out. The int'l financiers have all of the gold and us being on the gold standard makes us subservient to those who have it. Watch the video and read the Jeckyll Island book. Your jaw will drop open when you come to understand how 'he who has the gold, makes the rules.' FP

No! Not with gold! The gold standard is what keeps the USA under the thumb of the Federal Reserve because they have all the gold. Needs to be a fiat currency, or if backed by anything, by silver, which we can get our hands on without being dependent on the international financiers who control these central governments. ID: watch the video and you'll get a better idea of what has happened in our financial history and how gold has enslaved us to a handful of the richest people in the world.

10 rules for men: 1. It's important to have a woman who helps at home. 2. It's important to have a woman who cooks from time to time. 3. It's important to have a woman who keeps the house clean. 4. It's important to have a woman who has a job. 5. It's important to have a woman who likes you. 6. It's important to have a woman who can be your very best friend. 7. It's important to have a woman who can make you laugh. 8. It's important to have a woman who you can trust, who doesn't lie to you. 9. It's important to have a woman who is good in bed. 10. It's very, very important that these nine women do not know each other

Keylime: This article wasn't published by an Iraqi news outlet. Leaked, maybe, but published by Radio Free Europe. I wouldn't expect them to have the kinds of translation problems you mention. FP