quadraph0nic

Thank god medic goes by facts, I'd hate to see how his chats would look without them! Hahahahaha

Anytime they use boots on ground angle w/no proof its straight up garbage.

I would drop the expectation of rv high or low after a lop or w/ no lop. Understand for any rv occur the cbi would have to ditch the current monetary policy which is in line with islamic banking practice basically they back the currency 100%. You can believe what u like just understand that by rv u expect them to move away from this banking practice almost all countries in ME adhere to islamic banking practice. Not saying it can't happen, just sayin that would be a radical move. Looking at the current m2 and their f reserves reported they have to change monetary policy. There is no getting around this and that would most likely after a lop. My happy ending would be appreciation as global economic conditions will play a role in the development of this nation but its definitely not happening over night.

I'm not a fan of Frank but more and more I see people get so angry about people who they say are pumping....well yes I agree but you yourself are at fault as well. It takes two to dance....and the angry person is at fault for not doing their own dang home work, at least fact check or try to make comparisons to historical events or figure out how things work in the world and compare Iraq's situation. For instance have we ever seen a 3000% RV of a currency??? Has that ever happened? Frank spout off all the time about RI RI RI well that's what the currency would have to do...increase in value of over 3000% PLUS oh....and overnight? Its so much easier to be fed from the spoon when it's what we want to hear isn't it? I still like this investment and I encourage everyone to stick it out to the end if they can but I think those who bought into Frank and other gurus from other sites need to re-evaluate their own expectations.

Okay and the Federal Reserve is just going to lye down without a fight or are they going to go further with and disguise the same organization? Like all things wait and see... Thanks always Scooter!

This article doesn't say anything new in my opinion. A lot of song and dance. Some bits here and there that confirm what I believe but nothing shocking. Plus you need to put things in perspective because it's coming out of Saleh's mouth. I've always believed if we see a law passed on RD by the government then and only then is the LOP a done deal. And if they really did a LOP but later they wanted to increase the value they would have to change their monetary policy and move away from the standard Islamic Banking Practice you will find in most ME nations. They can also continue to strengthen their reserves and reduce the M2 but I wouldn't expect sweeping changes overnight from doing this. Consider it took them a long time to acquire those reserves, it just didn't happen over night...kinda like the RV we all believe in :lol: . Just kidding Just kidding! Anyway, I hope they hold off from Lopping. If the investors needed to help develop a private sector would take the risk and invest in Iraq we could see real changes develop in the Nation. It made me feel good to hear Hillarious talk about this and the fact that the IMF feels Iraq will grow faster than China in the next two years. I don't think the currency is going anywhere anytime soon and since a LOP is a final decisive action but considering the potential they have, they may go ahead and just wait and see. No harm in that and no their backs are not against a wall. I hope that's their choice because once they make a decision and put that into law, for many of us the investment will be over. take care.

Yes Keep I agree. Thanks for the info. Here's a an article from time magazine about Sadam selling oil in Euros, its from 2000 but we went into Iraq in 2003. Somewhere in between there I imagined he may have been told or warned several times to not do it but like when he invaded Kuwait he just kept on going http://www.time.com/time/magazine/article/0,9171,998512,00.html Countries using dinars directly to purchase oil from Iraq...hmmm kind of like the Iraqi dinar becoming a new reserve currency after an RV??? When you take a look around and see how the world works these ideas we have are way out there....I mean people are assuming a whole bunch and getting way ahead of themselves. How about an RV .01 - .05?? and I would be grossly optimistic by EXPECTING that!!

meh

There's too many issues with an overnight RV but I like your point. Another issue with a sketchy security force would be the protection of the people if it Rv'd overnight. I can easily envision gangs of gunmen like wolves kicking in doors putting a gun to every family members head until they got every dinar out of them....

Also I believe the M2 is being reduced. Long way to go but if they keep it up they can raise the value on the currency.

Oh yes it will revalue by over a 1000% over night setting a new record in the book guiness! :lol: here newbie go here and look at some real numbers... http://cbi.iq/ click on statistics --> key financial indicators Its a spread sheet that shows the current status of the outstanding Money in Iraqs Economy (M2) and their foreign reserves which give the currency its value. Have fun and play nice always!

There's only two scenarios that I'm strongly considering LOP + RV (monetary policy must change for this, could be some time after lop and before rv) Appreciation (consider historically, this is all that has happened with the currency up to this point + they are reducing the M2 which is necessary to increasing the value of this currency) or a combination of these two.... Seriously, have any of you people who take a hard core stance on the RV looked at the M2 or what they have in their foreign reserves which is what backs the currency and gives us the present exchange rate of 1170? HAVE YOU? I can't get passed that...I've considered all the fairy tale possibilities. Mulled over ideas...slept on it. Don't get me wrong, I bought the dinar because I thought it would RV and have considered everything out there but the mroe I try to understand, the more I realize this would be a far stretch for an Rv to happen overnight.... Under the present monetary policy that cbi is implementing, its impossible to RV. Why? They back their currency 100% per islamic banking practice which is common for countries in this region. Thats right, that exchange rate of 1170 comes from being backed 100% by the foreign reserves they have. You'd have to ditch the current monetary policy and implement what? Fractional reserve banking would be incorrect as you are a 1000% away from your foreign reserves/assets ever sniffing the M2. So what kind of monetary policy would they need? (apparently something extraordinary! ) SEE what I'm talking about? And here we are expecting an overnight Rv of what would be....a 1000%? Over a thousand percent for one dinar to be = to one dollar....that's what you EXPECT? Some expect more than that...hahaha let it be a revalue of 3000%!!! Oh wait the get team rate of $6.18 oh my gawd 6000%!!! :lol: Go to cbi's website cbi.iq --> statistics --> key financial indicator. Download the excel spread sheet. Decide for yourself. I believe in what we are doing in Iraq. I believe Iraq has a bright future. I believe this is a good investment but its not going to happen over night and the general expectation that most people have that come around these forums of an RV (overnight) will make us millions is a bit skewed to put it mildly.... This investment requires a bit of faith but you have to be careful not to put too much faith out there because then it turns into an issue of pride and I think I'm seeing that on a few responses on this thread. Never be afraid to question what you see or what you have been told.

uhm....quit pining...its not going to revalue today

that currency converter is broke

they need high rv to have good credit rating?? mmmm i don't think so... an exchange rate represents the economy. Wanna raise the value of the dinar? Reduce the M2 + increase your foreign reserves.

Desperate Krapola from the opposition!! Hakuna matata Patuey!!

nb ewtgn grfhjm4r5ymrh mbm,kio9.lk

Dinar Buddy... My advice for you is not to do anything; just be happy your holding dinar. This investment isn't for everyone and I may be going out on a limb here but I don't think you are in possession of a crystal ball. Not everyone out there feels like us. Anyway, can you explain why you say June 10th? :lol:

Yep I defintely agree with bl they must change the monetary policy for an rv to happen. That would mean the rest of the world would be okay with this. Why? It takes two to tango... It's okay to believe in this as a potential outcome just understand how incredible that would be a reval of close or over 1000%. Ask yourselves what monetary policy would they adopt to do this? Current they back their currency 100% per typical Islamic banking practice which gives the current rate of 1170. The rest of the reasons? Ehhh maybe....There's some merit there but doesn't mean they will

This is definitely one I disagree with.... :rolleyes: "In other news, a Central Bank of Iraq spokesperson, Mohammed Saleh stated in an article from the Alsumaria News that the project of removing the three zero’s is very close to being complete. The Central Banks plan will be reviewed by the Council of Ministries and then voted on by the Iraqi Parliament. After all this transpires, the Iraqi citizens will be educated about the new currency and it’s process of distribution. It is important to note that this re-denomination will have no effect on the purchasing power of the Iraqi dinar. This is not a LOP and definitely NOT the RV that everyone has been speculating about and watching for the last eight years. Do not misconstrue this as any form of my being negative, I am simply putting forth the facts and explaining it how it has been made to all of us here as also reported in the news." He says its a re-denomination but its not a LOP or an RV. What would be the purpose of this? A re-denomination has to be part of a plan to do one or the other and in order to re-denominate ie introducing lower denominations, they need to have the reserves in place to give the currency the proper value to support those lower denominations purchasing power or they have to make a change to their islamic banking practice of backing their currency 100%. Maybe he's still talking about the 100,000 bill? ---- A straight LOP of removing three zeros wouldn't do anything for the people. At first some will be excited about the new currency but after they realize what it can do as in the purchasing power, the excitement will quickly fade and those IRaqi's holding millions will be upset that they are only worth thousands just like us. And then there is the cost for coming out with new money.....How much will that cost??? The Iraqi's have brought all of these points up in recent zero articles.... Now an RV to anything approaching a dollar, not going to happen with the monetary policy in place. You have billions of dollars backing trillions of dinars. Your a 1000% away hence the exchange rate we have of 1170 dinar to 1 us dollar!! No, fractional banking will not get you there from this position....even if they could RV by changing the monetary policy, they would put a target on every Iraqi's back that's holding 25,000 notes. Its not hard to imagine a country like Iraq where a right of passage for young men is to own a gun that gangs would form and rob citizens left and right. From our perspective which is not the Iraqi perspective, its easy to not think of this... So for me I'm left with either a LOP and then RV that can be easily done considering they are reducing their M2 and....if they change their islamic banking practice/policy of backing the currency 100%...1 dinar could equal $2-$3.00 or Appreciation (Long Term) - Consider that this is all they have done with the NID since its inception. All the bad things Sadam did with the currency was not forgotten and was carried over to the New Iraqi Dinar and they the cbi have fought to bring it where its at and combat the inflation which is where we are at today. Since this has been done I don't consider this extraordinary to expect that they will continue this trend and allow it to appreciate again since they are reducing their M2 and they continue to strengthen their reserves. However, I acknowledge to do it this way is a hard road to travel but it could be done if they remove large denoms and introduce small denoms as they become relavant at the same time the private sector kicks in and more oil begins to flow.... I definitely believe they are at a crossroads with this currency but AC didn't provide too much info and that whole coke story is something for tourists....just a bone he's tossing us. In fact that whole scenario could be subjective...maybe its only one shop owner, maybe its only the food court in the airport, maybe its .....phooey! Don't read too much into AC, always do your own research and pay more attention to the news. Not once has AC ever tackled information provided by Scooter and other members in regards to the IMF, UN, US etc etc... Peace...

BanG, I had thought of most of the items on your checklist except the form!!! I assumed details regarding paperwork the bank would have but its much better to be prepared! Thank you for sharing sir!

Well I can say I hope something happens but I'm not expecting it. If nothing happens please don't be upset. Go back and review the positive news and info you have read here the past few weeks because there are many reasons why we should feel good about being in this investment. I'm only saying this because chasing rumors can be hard on folks and its easy to become disgruntled. and if the miraculous were to go down, then I will probably pass out in amazement!

Everything they do at this point is "crucial" but at the same time we will give them all the time and chances needed to get something done and the Iraqi's know this. Tells you something huh?

http://www.youtube.com/watch?v=5AVd5RVukcs

ACK!! More DRAMA!! http://www.youtube.com/watch?v=1lOGnKUHlGA