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Showing results for tags 'LOP.'.
Found 13 results
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Here's an article of Dinarian interests... Not a LOP. Treat as a rumor. Not verified. Your opine. Militia Man via PDK: Not a LOP. ARTICLE: Last July Al Alaq said the “Drop the 3 zero” project still exists. Not a lop…. They are going to add value to the Dinar & adjust the ER… A good thing is Sudani keeps warning the citizens that the Dinar is going to be stronger then the Dollar…he said it more than once. MarkZ: Iraq is positioned well for the world wide economy… Militia Man: Iraq is going to be a very wealthy country.
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Here's an article of Dinarian interests... No possibility of an RV-RI at this time. Iraq is broke...will stay broke for a while. Treat as a rumor. Not verified. Your opine. Awake-In-3D: Iraq’s Economic Ability To RV Their Currency Is Impossible Today. We are told that Iraq is ready to RV, almost daily, out there in Dinar Land. Yet, when we examine Iraq’s current economic situation, it becomes clearer that there is no logical or mathematical process that supports these frequent claims. Let’s take a look at the facts & see where they lead us. Iraq’s Current Economy. GDP: US$264 Billion Oil Exports: 100 million barrels/month Oil Revenues: US$7 Billion/month. Current Oil Price: US$70 per barrel. M2 Money Supply: 173 Trillion IQD. FX Reserves: 143 Trillion IQD. Current Exchange Rate: 1310 IQD per 1.00 USD. Let’s assume that we are all holding 5 Trillion IQD collectively in Dinar Land. If Iraq were to RV the IQD at $1.00 per IQD tomorrow & we all decided to exchange at that rate, the Central Bank of Iraq (CBI) would need 5 Trillion USD or Euros, GBP, etc.) to cover those exchanges. 5 Trillion IQD x $1.00 = $5 Trillion to cover our exchanges. Iraq’s entire GDP is only US$264 Billion per year & they cannot just print or create other global currencies out of thin air to pay for our exchanges in our local currencies. Even if Iraq came out and declared that one IQD is now worth one USD, no Central Bank or Forex Platform in the world would recognize that new rate, much less cover IQD exchanges at that rate for any of us. The economic math doesn’t come close to justifying this newly “declared” exchange rate. What if Iraq Re-denominates (drops 3 zeros) the IQD Tomorrow? If Iraq RD’s tomorrow, it would not be good for us international IQD holders under any scenario. Let’s assume that Iraq implements a new series of IQD notes without the 3 zeros. This means that the current 25,000 IQD note would be replaced by a new 25 IQD note. As foreign holders of the old IQD notes, we would all have to trade in our 25,000 IQD notes for the new 25 IQD notes. This assumes that the Iraqi government would even allow foreigners outside of Iraq to trade in their old IQD notes, they most likely would not allow this to happen. But for this example, let’s assume that we are allowed to trade in our old notes at our local banks. Now that we have the new 25 IQD notes, let’s also assume that the CBI revalues the new IQD notes a one-to-one for the US dollar. This means that we will receive $25.00 for one 25 IQD note. Furthermore, following the same math as above, the CBI would now only need US$5 Billion to cover our exchanges. This scenario is plausible since Iraq’s economy can afford this exchange rate with the new, lower denomination IQD notes. 5 Trillion in old IQD notes = 5 Billion in new IQD notes (deleting 3 zeros) 5 Billion new IQD x $1.00 = $5 billion in the new exchange rate Clearly, this is not the IQD RV exchange scenario any of us want.
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Here's a rumor from around Dinarland... Guru says CBI confirms a LOP. Treat as a rumor. Not verified. Your opine. KAPERONI: ARTICLE: CBI held a forum… They confirmed if they delete the zeros they require a law from Parliament to authorize. This is a clear indication that deleting the zeros is a neutral event (LOP). Traditional monetary policies do not require Parliament authorization. They also announced the imminent launch of a 20,000 dinar note. This could be used to reduce the money supply or is just filling the need in the market since the dinar has been devalued.
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Luigi found this article of Dinarian interests... Guru explains why CBI cannot float the Dinar right now. We could be years, if not decades away from a float. Treat as a rumor. Not verified. Your opine. Kaperoni: Article: There is an article that came out today that says Iraq is not planning to float the currency. This title is misleading…When you read the actual article it says that they can’t float the currency without diversifying the economy. And the question I ask you is what has Iraq been saying for the past 3 years that they’re trying to do? That’s correct they’re trying to diversify their economy.
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Luigi found this article of Dinarian interests... If it looks like a LOP, talks like a LOP, walks like a LOP...it must be a LOP. Will Iraq be next? Iran removes four zeros off of the Rial. Treat as a rumor. Not verified. Your opine. Samson: Article: Four zeros were removed from it. Iran launches new two denomination banknotes.
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Luigi found this article of Dinarian interests... Kaperoni has evidence of the coming LOP. Treat as a rumor. Not verified. Your opine. Kaperoni Article: What is being talked about in Iraq is not an RV as Gurus insist. They are educating the citizens via symposiums on a currency exchange which is a neutral event (LOP).
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LUIGI found these articles of Dinarian interests... Nobody want to talk about a LOP. What happens if that accuality comes to reality? Iraq issued an article about taking the zeros off the currency. We want to see the zero come off the exchange rate. KTFA & JEFF talks about a LOP. Maybe this is just smoke & mirrors to get us to turn in our notes. CBI want to reduce the note count before the rate change. Treat as rumors. Not varafied. Your opine. KTFA: FromBelgium: Hi. Can someone please explain why articles about "deleting zeros from the currency" should make us feel excited? Seriously, they are not saying "delete zeros from the exchange rate", are they? I read the articles, but can't find anything that points in that direction. IMO I want to be excited too, like many here seemingly. And I do see that there is more and more chatter about the currency. But the one thing we all want to read - we want to delete zeros from the EXCHANGE RATE - we never see... IMO. Waiting for the next articles about the nscn's now. If they come out, we will know exactly what will happen! IMO Keeping the faith. JEFF: Yesterday Iraq puts out at least two articles talking about deleting the zeros…this could really go one of two directions. They could either remove zeros from the notes from the notes or remove the zeros off the exchange rate. No matter what they’re gonna tell you what they’re gonna do. It’s not a secret…Iraq is clearly telling you they’re taking 3 zeros off the notes…I’m not making this up…it’s in print… quote: ‘denominations of 200 dinars (equivalent to 200 thousand dinars in the currency currency).’ That is removing zeros from the notes. -
Luigi found this article of Dinarian interests... Let's hope other nations don't follow suit with Iran's LOP. Treat as a rumor. Not varafied. Your opine. Go RV. KEESING PLATFORM: On 6 March 2021, the Central Bank of Iran began issuing a new 50,000-rial banknote with higher security features. Security features in this banknote include a windowed holographic security thread, a latent security thread, a see-through register, watermark and electrotype, 3D linear design, and intaglio (tactile) printing for the visually impaired. Sources: Central Bank of the Islamic Republic of Iran Financial Tribune MRI Banker’s Guide to Foreign Currency Banknotenews.com (images) BANKNOTE NEWS: Iran new 10,000-, 20,000-, and 50,000-rial notes (B298a – B300a) reported for introduction “soon” Iran Begins Issuing New 50,000-Rial Banknote Iran Begins Issuing New 50,000-Rial Banknote Iran Begins Issuing New 50,000-Rial Banknote
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Luigi found these disturbing articles of Dinarian interests... Let's hope articles from Iraq of a LOP are only smoke & mirrors. Treat as rumors. Not verified. Your opine. Luigi says... IMO: maybe there will be a hybrid RV. That is LOP the three zeros at 1 to 1. At a later date, the exchange rate rises from 1 IQD to 1 USD then to 10 IQD to 1 USD. It would still equate to an RV increase to one zero or 10X fold profit gain for Dinarians. Just a theoretical possibility. Remember, Shabibi back in 2012, claimed the IQD could support as much as 16 to 1 USD. That would still be up to a 16 fold increase after LOP. Still not too bad for all our investment troubles. IMO. Kaperoni... A LOP is not something the that CBI can just do. It requires parliamentary approval because it changes the face value of the banknote. Personally I don't think a LOP is in the plan. Several articles today, about LOPING the Dinar. We have said numerous times that this is a possibility. This investment is speculation. Jeff... This week alone, we seen two articles, but these articles are actually talking about a LOP which is removing the three zeros off the physical note which is a devaluation of the currency & not an increase. Tman... The new currency must come first as a precursor to the old & removing the three zeros. In Iraq, the CBI will send change to the finance minister, he will forward it to the president. The above quote has always been a wonder to a LOP or if there will be a short period of time for an exchange including the 3 zeros with a new rate.
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Luigi found this article of Dinarian interests.. The Kaps is talking of a LOP once again. Will the IQD be LOPed, then a new currency re-issued, rendering our IQD worthless? Treat as a rumor. Not varafied. Your opine. 8-12-2020 Newshound Guru Kaperoni ...if the CBI does try to make the dinar equal to the dollar, in some type of overnight event, IT WILL BE A LOP OR REDENOMINATION. Meaning parliament would vote to remove the zeros off the currency and THEY WOULD ISSUE A NEW CURRENCY without them. Such an event would not make you any money, it would be a neutral event. In doing so, the central bank would increase the value, and reduce the money supply from trillions to billions (42 trillion to 42 billion) and your dinar would be worth that same as you paid for it or about.
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15 July 2018 kaperoni... If the CBI ever made a move to reinstate the Iraqi dinar at some substantial value like $1 to 1 the only option would be a LOP which is a neutral event and no monetary gain because they're simply too much dinar and circulation for any kind of an overnight event to occur. We should all hope and pray that the CBI takes the smart choice floating the currency in allowing the world to set the price based on supply and demand allowing the dinar to gradually increase over time and also allowing them to reduce the currency in circulation. It is my belief that the CBI's choice is to float the currency giving them the monetary tool they need to reduce inflationary pressure as a large influx of capital & Investment comes into Iraq. I do not believe a LOP is in the cards therefore I do not believe in RV or RI is an option.
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17 Aug 2015...Newshound Guru wmawhite... Article quote: The largest catagory of cash is 25K Dinar, which is equal to $22, in the case of deletion of the zeros & converted to 25 Dinars Vstsawi of $75...this is telling the citizens that the 25K note that is treated as $25 in the shops will be worth $75 in the future. This is very good. Luigi says. This article suggests a LOP of the the zeros then a free float to $3 at some unknown point in future after the LOP. If this is true...then we stand to make a roughly 300% or 3 times our investement. Treat as a rumor. I hope im wrong on this article. Your comments.
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from Guru Exogen.... April 10 2015 Exogen THE CBI HAS POSTED...THEY WILL NOT DELETE THE ZEROS THEY WILL JUST RE-ISSUE NEW CURRENCY. THERE IS OVER 500T IN IQD CIRCULATING IN THE USA & THERE IS NOT ENOUGH MONEY TO COVER THE GENERAL PUBLIC EXCHANGES. OPTIONS ON THE TABLE... 1-SMALL $1 DOLLAR OFF GROUP EXCHANGES. 2-STRUCTURED PAYOUTS LIKE ANNUITIES. 3-LEVERAGED EQUITIES. CURRENCY SWAPS WITH OTHER COUNTRIES. 4-WAIT TILL IRAQ ISSUES NEW CURRENCY. 5-OTHER COUNTRIES MOVE FOWARD WITHOUT IRAQ. 6-ENHANCED FAMILY & FRIENDS MODEL (IRAQ=IMF=USA) UNTIL THE FINAL BATTLE NEXT WEEK IN USA. SUGESTION: MAKE SURE YOU HAVE A PORTFOLIO OF DIFFERENT CURRENCIES THAT THE USA HAS NO INFLUENCE OVER & REMEMBER.........THER ARE NO RULES. Luigi says come out with a sucker rate at say .10 to .30 cents then gradually raise the value over time. Many desperate people will take the lower rate of .10 cents. Problem solved. IMO.
