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Showing results for tags 'lop b/s'.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy People are getting confused…When they delete the zeros, they’ll change the currency. It’s not the exchange rate. That’s where the confusion is…If I have a 25000 dinar and I delete the zeros, now I have a new currency that comes out…They have the same value. The nominal value is a number...25000…the new one says 25, but the exchange rate between these two currencies stays the same - 1 to 1. What they’re saying is the 25000 dinar has an equal value of the 25 dinar. That goes on for a little time until people trade in all the notes. They’re not talking about against other currencies. You're talking a LOP, Pimpy - they don't have hyperinflation, that's when a LOP is used. Nader From The Mid East Algeria is big and has a lot of assets but they have a lot less than Iraq and their dinar is stronger than Iraqi dinars. If you look a the Tunisian dinars, Tunisia has nothing...and their dinars are 3 to 1 - Three dinars to $1. My point is these people has nothing. They're coming out a revolution. They is a mess. It's completely a mess. They lost a lot. The private sector is a mess and it's [their dinar] is still strong. Iraq, this rate is still a punishment rate...They have to revalue. If they revalue they're going to revalue 1 to 1. Walkingstick The electronic platform that Aki's bank is doing are being done in all the banks around the world linking up to the CBI. The citizens from here to there, Visa/Mastercard, all these accounts, this is a big deal...This is the door that is opening up for the Iraq dinar to float. MarkZ Question: Are rates showing up on US bank screens? Mark:...I have not personally seen them show up on the tellers screens yet ...But there are reports of tellers showing people the rates. Samson Article: "With a growth rate of 150%... taxes announce an increase in their revenues to more than 4 trillion" Quote: "Baghdad The General Tax Authority announced, on Thursday, that its revenues had risen to 4 trillion and 500 million dinars within 8 months..." Frank26 Question: "Do you think they'll come out with a sucker rate?" I don't care if it's suckered or not! Give me a rate! Give it to me! Make it international! Let it go and they'll float it up. Give me $0.10 I don't care.Me too...!! Militia Man An investment budget it's not going to work at 1310. They don't have enough dinar to do that...The project is to delete the zeros off the exchange rate. Once they have done that, they've applied the Real Effective Exchange Rate they're going to have to do things differently. The world knows that. WTO...Bank of International Settlements ... IMF...US Treasury...US Fed - everybody seems to be the ones that are knowing it but they just haven't quite done it yet or are they working to finish a process that is highly complex? That's my opinion...
