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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVVVVVVVVVVVVV

B/A

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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVVVVVVVVVVVVV

B/A

Are you sure this aint no rumor? :P

GO RV, then BV

Edited by Shabibilicious
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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVVVVVVVVVVVVV

B/A

Hey B/A how about a little tequila with that lemon. :unsure::confused:

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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVYVVVVVVVVVVVV

B/A

You are wrong this is a rumor. Have you ever heard smoke and mirrors??? They are setting you up big time don't fall for it.... :lol::lol:

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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVVVVVVVVVVVVV

B/A

Thank you... BTW I'm sure most of us knew that already ( about the "Gurus")...At least Folks on this Forum do.....

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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVVVVVVVVVVVVV

B/A

...Today the Iraqi government announced a hold on dropping?

post-33640-133425809265_thumb.jpg

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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVVVVVVVVVVVVV

B/A

Boston, please show us the article to prove up your point. Thanks.

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Boston, please show us the article to prove up your point. Thanks.

The article is posted 2 or 3 times in the news section..........the article he is referring to sounds like GOOD news to me, at this point I am thinking we could see an RV any day now.......JMO!

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I thought we want an RV not a lop like the lopsters say the dropping/ lifting/ deleting zero thing, that isn't happening now, is. So what do you say? Go RVbiggrin.gifemot-woot.gifemot-woot.gifemot-woot.gif

Lifting of the Zeroes means LOP / Re-Denomination, period.

However, now that they say they are going to drop the plan to lift the zeroes, they will need to appreciate the value of the IQD another way.

Since an overnight 1:1 RV is IMPOSSIBLE in every way, I see one other option to raise the value. In small increments throughout time. In fact, for those who have been holding IQD for at least 4 years will know what I'm talking about. They did in fact raise the value on almost a daily basis during the first 6 years or so. From 2003 - 2006 the value was raised in increments.

This way they can maintain inflation which is one of their main priorities. They will gradually increase purchasing power while the economy grows. Win/Win for the country of Iraq as well as investors.

Let's just hope they start raising the value here real soon!

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This wasn't meant to be anything but venting.... I just couldn't take anymore guru bullshite... Everyday the gurus post that the RV is done... I just had to call them out for their lies and lack of knowledge. There has not been an RV... No one is cashing out.... It is not on the bank screens....

"Hey B/A how about a little tequila with that lemon."

That's best suggestion of the day!!!

"You are making the assumption that the GOI speaks the truth.....experience over the past several years would refute that. Treat all press releases with skepticism."

I understand what you are saying and I agree, but this was about Okie, Mad Dog, and the rest of the yahoos that mislead.

"You are wrong this is a rumor. Have you ever heard smoke and mirrors??? They are setting you up big time don't fall for it.... "

I hope you are right.... I've been here what now amounts to years, so I'm not falling for anything... Trust me.

"I thought we want an RV not a lop like the lopsters say the dropping/ lifting/ deleting zero thing, that isn't happening now, is. So what do you say? Go RV"

I say GO RV!!!! I certainly do not believe in the LOP theory... It simply dos not make any sense and would serve no purpose.

B/A

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Quote

Since an overnight 1:1 RV is IMPOSSIBLE in every way, I see one other option to raise the value. In small increments throughout time. In fact, for those who have been holding IQD for at least 4 years will know what I'm talking about. They did in fact raise the value on almost a daily basis during the first 6 years or so. From 2003 - 2006 the value was raised in increments.

End Quote

Thanks... Common sense is always appreciated.

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The link

My link

Iraq halts plans to cut zeros off dinar currency-cabinet

inShare.0Share thisEmailPrintRelated NewsRockets explode as Arab leaders meet in Baghdad

Thu, Mar 29 2012Analysis & OpinionSanctions could cost Iran $50 bln

Obama’s first foreign policy blunder

Related TopicsCurrencies »

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Thu Apr 12, 2012 3:10pm EDT

* Cabinet says stops plans to redenominate dinar "until further notice"

* Iraq has over 30 trillion Iraqi dinars in circulation

* Plan to trim zeros not seen as a priority

By Aseel Kami

BAGHDAD, April 12 (Reuters) - Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said on Thursday.

The central bank said last August it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash.

The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since last year.

On Thursday, a statement on the website of the cabinet secretary said the cabinet had decided to halt all procedures relating to the redenomination of the dinar "until further notice".

"The economic committee discussed this issue and so did cabinet ... There is a possibility that it could cause some problems in the economic situation. Besides that, this operation is so big that cabinet sees circumstances are not right to control this," cabinet secretary Ali al-Alaq told Reuters.

Iraq is slowly getting back on its feet after years of war and sanctions. Oil accounts for 95 percent of government revenues and the country's banking system is still highly underdeveloped.

HUGE PROCESS

The central bank has kept the dinar fixed at 1,170 dinars to the dollar in its daily auction but it recently moved to revalue the dinar slightly to 1,166 dinars after demand for the U.S. currency soared.

The central bank said it also had to tighten regulations over who can participate in the auctions as Iraqi traders sought to snap up dollars for resale in neighbouring Syria and Iran, both under Western economic sanctions.

Sales of dollars in currency auctions held by Iraq's central bank rose as high as $400 million on some days in December from a previous average of $150 million, according to central bank data.

"We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently," Alaq said.

The central bank says Iraq's large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level.

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Today the Iraqi government announced a hold on dropping/lifting/deleting the zeros..... That's right a hold on the process. So if one more guru says it is done, or the the bank screens are lighting up or their uncle who knows a guy at a fruit stand who knows a guy at a gas station that has a banker telling them to open an account and be ready for cash in, just do yourself a favor...... Turn it off.... This news article today should prove to you once and for all, that the gurus know nothing and lie on a daily basis...

Go RVVVVVVVVVVVVVVV

B/A

:o:huh::blink::unsure: :unsure: :unsure: :unsure: YOU LIED TO ME -AUUUUUHG-YOU LIED TO ME- OH WOOOOE IS ME-- ill NEVER believe another person here- You made me spill my coffee and now i have the shakes- :blush::confused::blush:
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Quote

Since an overnight 1:1 RV is IMPOSSIBLE in every way, I see one other option to raise the value. In small increments throughout time. In fact, for those who have been holding IQD for at least 4 years will know what I'm talking about. They did in fact raise the value on almost a daily basis during the first 6 years or so. From 2003 - 2006 the value was raised in increments.

End Quote

Thanks... Common sense is always appreciated.

Can you, or anyone else, explain to me what the difference is if you raise the value of the dinar

over two yrs to one dollar; as opposed to doing it overnight. Some are so fond of saying it can't be

done overnight but still insisting it can be done over two yrs. I think this thought process is in error.

It's either worth one dollar or it's not. Which is it?

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